Overview
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About us
First Mumbai Consulting is a human capital consulting firm specializing in executive rewards, corporate governance, and compensation consulting firm. We serve industry-leading clients across the US, India, and the Middle East from our offices in Mumbai and Chicago. Our principal consultant has over 20 years of combined experience in executive rewards consulting and frequently is quoted in leading media publications such as Brand Equity, Economic Times, BusinessWeek, Forbes, Fortune, The New York Times, and The Wall Street Journal.
Our goal is to help clients develop compensation programs that motivate leadership to optimize the organization's competitive advantages, manage their talent, and improve their economic performance. Aligning the interests of Company management with their most critical stakeholders is a paramount objective. To support our clients in meeting this objective, we assist them in designing, implementing, and communicating performance-oriented compensation programs.We provide our clients with total compensation consulting services for executives, employees and outside directors. Our firm engages in three broad practice areas:
Executive Total Compensation Services Board of Director Compensation Services Corporate Governance Services
We are hired by our clients not only for our industry experience, but more importantly, for our core values:
Independence High Integrity Mutual Respect Relentless Client Service Cutting-edge innovative solutions
Shekhar Purohit – Managing Director
Shekhar is a seasoned Executive and Management Consultant with extensive global experience in the United States, Europe, Middle East, India, and Southeast Asia. During his career, he has contributed to a diverse set of organizations, ranging from Fortune 50 firms to venture-backed start-ups in a variety of industries such as media and entertainment, manufacturing, higher education, commercial & investment banking, private equity & venture capital, high technology, and energy amongst others. His role at these organizations specialized in board and corporate governance, executive coaching, global strategy development, global rewards, performance management systems, and organization development.
Prior to starting his own consulting firm, Shekhar was the Co-Founder and CEO of Talentnext.com, the world’s largest on-line casting and talent management platform for aspiring talent, and the CEO of Bollyverse, LLC, the world’s first vertically integrated online media and entertainment company serving the diverse range of lifestyle interests of the Indian diaspora.Earlier in his career, he was the Managing Director of India for Lionsgate Entertainment. Shekhar was also the Managing Director and head of the San Francisco office at Pearl Meyer & Partners, a leading corporate governance and executive compensation consulting firm and held several leadership positions at Hewitt Associates (now Aon Hewitt), including the Global Head of Compensation Consulting and the Asia Pacific Practice Leader.
Shekhar has also been a Board of Director and management advisor to global clients such as Aditya Birla Group, Aditya Birla Group, Bharti Enterprises, Cairn Plc, Cisco (Asia), CIBC World Markets, Huawei (China), Crompton Greaves, Microsoft (Asia), IBM, Lionsgate Entertainment, Loral Space and Communications, HCL Technologies, Igate, Goldman Sachs, ICICI Bank, Landmark Holdings, Leap Wireless, JP Morgan, McKinsey & Co., MHR Fund Management, NOL, Oberoi Constructions, Reliance Industries, Rockwell Collins, SABIC, Tech Mahindra, and Williams Group, to name a few. He holds a B.S. in Biomedical Engineering and Economics from Northwestern University and an M.B.A. from the Graduate School of Business at the University of Chicago. Additionally, Shekhar occasionally guest lectures at an Executive Education course at the Rock Center for Corporate Governance at the Stanford University.
Shekhar strongly believes in contributing back to society. He has co-founded and acted as a Vice President for a non-profit educational organization in Boston, which focuses on providing HIV/AIDS education for developing countries. He is active in various charities that focus on women education and liberation in his hometown Jodhpur, Rajasthan. In the spare time, Shekhar is an avid sportsman and enjoys competitive golf, basketball, and tennis. -
Focus and Independence
We are a boutique firm that prides itself in objectivity and a singular focus on compensation consulting.
Alignment
Our compensation strategies are anchored in what drives your business.
Perspective
We place compensation in a broader context that includes recruitment, retention, and performance management.
India and Global Experience
We are seasoned practitioners with over 20 years of global and India experience in compensation consulting.
Service
We stop at nothing to exceed our client expectations; customer service and satisfaction are never compromised. -
Our Approach
In today's environment, compensation committees and executives want to ensure their executive compensation advisor is intimately familiar with the company’s organization, business objectives and strategic challenges, as well as available to provide independent advice. First Mumbai Consulting provides personalized and responsive service to clients where we believe we can have an impact.
We follow a client-focused approach that is demonstrated by our long-standing relationships. We have worked with most of our clients for many years and have served not only as technical experts, but as trusted advisors. Our collaborative approach is supported by rigorous analytics and extensive real-time experience working with companies in many industries.
We believe that having the consultant work for the Committee and with management ensures that our advice and recommendations best reinforce the client's business strategy, organization and management style, and are consistent with the principles of sound corporate governance.
