Pratik Shah
About Pratik Shah
Pratik Shah serves as the Assistant Vice President of the Precious Metals and Global Markets Group at Indusind Bank, where he has worked since 2017. He has extensive experience in finance, particularly in gold leasing, sourcing, and hedging mechanisms, with a background that includes roles at Gitanjali Gems Ltd and Goldstar Jewellery LLC.
Work at IndusInd Bank
Pratik Shah serves as the Assistant Vice President in the Precious Metals and Global Markets Group at IndusInd Bank. He has held this position since 2017, contributing to the bank's operations in Gurgaon, Haryana, India. His role involves overseeing various aspects of precious metals trading and global market strategies, focusing on optimizing the bank's offerings in these sectors.
Education and Expertise
Pratik Shah has a solid educational background in commerce and finance. He earned a Bachelor of Commerce degree from S K Somaiya College from 2003 to 2006. He then pursued a Master of Commerce at the University of Mumbai from 2006 to 2008, followed by a Master of Business Administration in Finance from Jamnalal Bajaj Institute of Management Studies from 2008 to 2011. His expertise includes implementing hedging mechanisms to manage exchange rate fluctuations and negotiating favorable terms with banks.
Background in Finance and Jewelry Industry
Before joining IndusInd Bank, Pratik Shah gained significant experience in the finance and jewelry sectors. He worked at Goldstar Jewellery LLC as Assistant Manager - Finance from 2008 to 2011 in New York, where he managed financial operations. He then held the position of AGM - Finance at Gitanjali Gems Ltd from 2011 to 2017 in Bombay, Maharashtra, India, where he played a crucial role in setting up bank lines for gold loans.
Achievements in Gold Leasing and Sourcing
Pratik Shah has extensive experience in managing gold leasing and sourcing for organizations involved in jewelry manufacturing. His work includes acting as a nominated agency, where he has developed strategies for the bullion vertical. His efforts have contributed to the establishment of strong relationships with domestic and international banks to secure funding and non-funding facilities.