• Percy Homi Italia
  • Noshir H Italia
  • Jal J Mehta
  • Pavan Solanki

Percy Homi Italia is a Fellow member of the Institute of Chartered Accountants of India and also a graduate member of the Institute of Cost and Management Accountants (England and Wales). He has had the distinction of securing the 3rd RANK twice in Economics while graduating with the Institute of Cost and Management Accountants (England and Wales).

Before establishing ITALIA & ASSOCIATES LLP, he was in London working as Senior Group Manager with an International Firm of Accountants, Spicer and Oppenheim (now Deloitte Touche). During his 11 years with Spicer and Oppenheim he has specialised in the fields of Insurance and Merchant Banking with a special bias on investigating various types of risks underwritten by Insurance syndicates, Loans advanced by financial institutions and statutory audits of Major Multinational Companies.

He was a member of the International Audit Committee of NEXIA International for six years over two terms.

He has also been involved in lecturing extensively with the training programmes conducted by the London firm for its Middle East Associates. After his return from the U.K he had been returning to the London Office of Deloitte Touche up to the year 1997 for various assignments and Peer review procedures in their LLOYDS INSURANCE DEPARTMENT.

He has been involved in advice to his clients on Project Finance, Taxation, FEMA and Company Law matters.

Percy Homi Italia served as a member of the Andhra Pradesh State Minorities Commission between November  2013 to May 2016. This was a government appointment. Percy is also on the National Board of Genetic Counseling – India as its Honorary Treasurer.

Noshir Homi Italia

Noshir Homi Italia is a Fellow member of the Institute of Chartered Accountants of India.

He has extensive business experience coupled with related academic background and is comfortable dealing with strategic issues with ability to synthesize multi-disciplinary perspectives. A proven ability to lead professionals.

He has gained professional experience in highly respected companies which are proven leaders in their respective sectors, with more than a decade at top management levels mainly in the area of finance.

He started his career in the internal audit department in 1972, with the largest Cement Manufacturing and Marketing Company in India, THE ASSSOCIATED CEMENT COMPANIES LTD., MUMBAI (1972 – 2006) (ACC). During his long career with ACC, he progressed through several positions of increasing responsibilities mainly in the financial discipline. The managerial assignments spanned several areas including  finance head of a unit, incharge of diverse  functions such as Sales Accounting and Pricing, Consolidation/Finalisation of Company’s Accounts, Treasury, Project Finance, Direct and Indirect Taxation, Insurance, etc. at the Corporate Office. He ultimately served as the CFO, designated as President Finance of ACC from August 1996, when he was responsible for all the financial operations of the Company.

During this period, the cement capacity of the company grew from 9.9 MTPA to 19.5 MTPA, through the organic and inorganic routes and the revenues from under Rs.2500 Crores to Rs.5100 Crores in 2005 spanning 14 cement plants located across 13 States supported by 12 regional marketing offices, which help to distribute the company’s renowned brand of cement through 170 consignment warehouses which reach over 8000 dealers spread across the length and breath of the country.  

In this period, the Company also made its maiden foray to raise capital in the global markets. Given the Company’s diverse and well spread out operations, its finance function was manned by 400 personnel including a core group of around 80 finance professionals.    .          

He was nominated by the Tata Group Companies to be the only Wholetime Director from the Group to be incharge of the Finance & H R & Administration functions of FLOAT GLASS INDIA LTD., MUMBAI (FGI) (1993 – 1996). FGI was a Joint Venture formed between The Asahi Glass Co. Ltd. of Japan, a Fortune 500 and the largest glass manufacturing company in the world and three companies of the Tata Group, of which ACC was one. FGI had set up the second float glass line of 30 million cubic metres capacity in India at Taloja, Mumbai, at a capital cost of Rs 450 Crores.

He was responsible for taking the Company public and having it listed on the various bourses. He also helped to establish and streamline all systems in the Company and putting them on a sound footing. Even after relinquishing office as Wholetime Director to become President Finance of ACC from August 1996, he continued on the Board of FGI as a part time Director, upto the divestment of the Tata Group shareholding to Asahi Glass in June 2001.

He has been on various Board of Directors as Part Time Director in his long and illustrious career.

He has now settled down to full time consulting with the firm and is involved in helping companies set up new projects as well as mentoring first generation entrepreneurs.

Jal J. Mehta is an associate member of the Institute of Chartered Accountants of India.

He has been associated with the Firm since June 2001 joining the Firm as an article trainee. On finishing his training, he was inducted into the firm and has since been an integral part of the Firm.

He was seconded during the period August 2003 to July 2005 to GE Capital International Services (GECIS), IT ENABLED SERVICES COMPANY of the General Electric Corporation, Group. During this stint with the Finance and Accounting department of GECIS, he was reporting directly to the Director Finance at their Hyderabad – India facility and was extensively involved in the core accounting function with independent financial responsibility for the project payments in relation to the construction of their new facility, interacting with officials at the Indian Head Quarters in Gurgaon.

He has during his professional career since 2001 with the Firm gained extensive experience in the areas of Accounting, Audit, Taxation, Transfer Pricing, Corporate Law, FEMA , Project Finance and Valuations.

Pavan Solanki is an associate member of the Institute of Chartered Accountants of India. He holds a Diploma in International Financial Reporting Standards from Association of Chartered Certified Accountants, United Kingdom.

He has been associated with the Firm since October 2008 joining the Firm as an intern. On finishing his internship, he was inducted into the firm and has since been an integral part of the Firm. He has gained extensive experience during his professional career since 2008 with the Firm in the areas of Accounting, Audit, Taxation, Transfer Pricing, Corporate Law,