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Company Overview

Company Profile

Mecklai Financial Services Pvt. Ltd. is a consulting company exclusively focused on treasury risk management. With offices at 6 locations across India, we deliver customized solutions, backed by our proprietary risk management approach, high quality market research and robust technology processes. We draw our heritage from the Mecklai group, one of the leading brands in financial markets in India for over 85 years. While we have an established presence in currency and interest rate risk management, our advisory services extend to other key areas of corporate finance, such as debt structuring, credit risk insurance and cash management. Business is pleasure, work is play

We provide clients with unparalleled knowledge of markets, both in terms of spot and forward rates and how they are likely to move as well as volatility patterns and how they are likely to change. We also have huge experience in using this market knowledge to help companies build business-specific risk management frameworks to enable them to make optimal use of markets. Further, since we do not sell any of the financial products we advise on, we are able to provide the hallowed "independent" view that is so valuable in today's complex markets.

In the News


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Press Release ( June, 2024 )

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Key Personnel

Jamal Mecklai, CEO Cinque Terre Education
  • Indian Institute of Technology (Mumbai) – first in all-India entrance exam (1967); graduated in chemical engineering (1972)
  • Rice University, Houston, Texas – doctoral research in biomedical engineering (1972-75)
Professional experience
  • Worked as a free-lance media consultant (1975 – 1985), developing and implementing projects for various non-governmental organization in the U.S., including New York City Public Schools, Citizens Exchange Council, and Semiotext
  • CEO, Mecklai Financial Services Ltd. (1986 – present), the leading financial risk management company in India, providing advisory and consulting services to nearly 1,000 Indian corporate
Committees/Consultancies
  • Appointed to the O.P. Sodhani Committee set up by the Reserve Bank of India (RBI) in 1994-95 to suggest methods of deepening and widening the local foreign exchange market
  • Appointed to the R.V. Gupta Committee of the RBI (1997) to assess whether and how Indian companies should access international markets to hedge commodity price risk
  • Consultant to the World Gold Council (1998) to assist in drafting an approach to the Indian government on gold policy
  • Consultant to the Forward Markets Commission (1999) under a World Bank grant for regulating brokerages on commodity exchanges in India
  • Consultant to an African central bank on reserves management.

K.N Dey, Executive Director
K N Dey, Executive Director brings rich experience in the field of risk management, including heading the Mumbai operations ‘Financial Risk Management’ Division under the Global Risk Management Solutions practice of PricewaterhouseCoopers in Mumbai. He has completed over 100 projects on Market Risk Management (Currency/Interest Rate/Commodity) and delivered training programs on market risk management under Basel II accord in Dubai and Muscat. He started his career with a leading public sector Indian bank for 14 years in foreign exchange and International Division, followed by 8 years of experience with Mecklai Financial and a further 12 years in the field as Director with Basix Forex. He rejoined Mecklai in September 2014.

M.V. Srinivasan, Vice President Risk Advisory
Mr. M.V. Srinivasan, has vast experience having worked as an inter bank dealer on treasury desks of leading Indian as well as foreign banks such as Societe Generale and the Arab National Bank in Riyadh, Saudi Arabia. Currently he heads Mecklai Financial’s South Operation, advising clients on market strategy and leading a team of advisors across our office in Chennai. He is also a Fellow of the Association Cambista International (ACI), headquartered in Paris, which represents the interests of market professionals in the foreign exchange and money markets.

Keta Kurkute, VP - Forex Advisory Services
Keta Kurkute, VP - Forex Advisory Services with 14 years of experience in foreign exchange market, Keta is Masters in Business Administration (specialization – Forex) and a CTM holder. She is advising various high net – worth corporates on currency and interest rate risk management including evaluating risk appetite and establishing Benchmarking system for performance measurement of risk management function for corporates. She is also the part of the team in implementation of various Market Risk Management Projects for corporates. Having accomplished over 20 projects on Market Risk Management (Currency / Interest Rate / Commodity) and interacted with over 200 Corporates, she thereby added value in their Market Risk Management Operations. She was one of the key people in formulating and implementing risk management framework for HUDCO, NPCIL, RITES, Power Finance Corporation, HPL, I-ball, Meghmani, Graphite India and many more. She has conducted Treasury / Risk / Derivatives Audit for various Corporates.