SNA - Insolvency is a recognized Insolvency Professional (IP) by the Insolvency & Bankruptcy Board of India (Reg. No. IBBI/IPA-003/IPA-ICAI-N-00211/2018-2019/12363). We are a specialized professional services firm offering comprehensive solutions in insolvency, restructuring, and liquidation for all types of entities. With years of expertise in navigating the complexities of the Insolvency and Bankruptcy Code (IBC), we provide end-to-end support that empowers businesses and individuals to achieve sustainable recovery, compliance, and financial health.
Assisting companies in financial distress by formulating strategic recovery plans and navigating the CIRP process.
Comprehensive services to simplify liquidation and maximize value extraction while ensuring compliance with legal regulations.
Tailored solutions to help individuals overcome personal financial challenges through structured insolvency processes.
Managing the voluntary liquidation of companies while adhering to regulatory requirements.
Providing expert guidance on winding up businesses, ensuring a smooth and efficient closure process.
Assisting in the preparation and submission of resolution plans that are viable and compliant.
Offering pre-packaged insolvency solutions that allow for swift asset sales and business continuity.
Strategic advisory services for promoters dealing with financial distress, restructuring, and insolvency.
Providing operational and administrative support to Insolvency Resolution Professionals (IRPs), Resolution Professionals (RPs), and Liquidators.
Offering expert advice on all aspects of insolvency and restructuring to help clients navigate challenging financial landscapes
With a focus on delivering tailored solutions, SNA - Insolvency is committed to helping clients navigate
the complexities of insolvency and achieve lasting recovery and growth.
With over 25 years of distinguished leadership in finance and corporate restructuring, CMA Shaikh Nafis Anjum is a prominent expert in the fields of insolvency and financial recovery. His transition from Chief Financial Officer (CFO) at Moser Baer Electronics Ltd. to a highly regarded Insolvency Professional highlights his deep expertise in steering companies through financial distress and delivering sustainable solutions.
Certified by the Insolvency and Bankruptcy Board of India (IBBI) in 2019, CMA Shaikh Nafis Anjum has earned a reputation for resolving complex insolvency cases. He has worked with leading corporates and MNCs for more than two decades, addressing high-stakes financial challenges across a variety of sectors.
Key Highlights of Insolvency Experience:
As an experienced leader in Corporate Insolvency Resolution Processes (CIRP), Nafis has served as IRP, RP, and Liquidator for a diverse range of companies. He has successfully executed resolution plans for businesses such as Unnati Fortune Hotmart Pvt Ltd and Meghaaarika International Pvt Ltd, securing 100% creditor approval and ensuring smooth implementation.
Nafis has overseen liquidations for entities like Suvidha Farming & Allied Ltd, expertly managing intricate claims and litigations to maximize asset recovery. His strategic approach to handling multi-claim scenarios and asset sales has earned him industry-wide recognition.
Nafis has played a pivotal role in rescuing large-scale infrastructure projects, including Indirapuram Habitat Centre and Earthcon Universal Infratech Pvt Ltd. With claims exceeding â‚ą1,400 crore, his strategic insight has positioned him as a key figure in managing distressed infrastructure assets.
Working alongside a team of seasoned professionals, including CAs, CSs, and legal experts, Nafis ensures every insolvency case is meticulously handled. His strategic partnership with ARCK Insolvency Professionals LLP adds an extra layer of expertise and resources to his work.
Nafis is empaneled with major financial institutions such as:
During his time at Moser Baer, Nafis demonstrated exceptional leadership, particularly in financial management, compliance, and operational efficiency.
Key Achievements:
Nafis led critical board presentations, managed SEBI reporting, and provided transparency to investors through well-structured communications.
He supervised statutory and internal audits conducted by leading firms like PwC, Deloitte, and Ernst & Young, while also developing comprehensive Management Information Systems (MIS) for enhanced decision-making.
Nafis contributed to 20% of MBEL’s revenue in just six months by developing innovative business models. His implementation of ERP systems and sustainable costing policies significantly improved operational efficiency.
Nafis spearheaded the smooth implementation of GST across group companies, coordinating cross-functional teams and conducting in-depth training sessions.
He efficiently managed accounts worth â‚ą800 crore and receivables of â‚ą300 crore, while maintaining corporate overheads, ensuring robust cash flow management.
Nafis introduced systems like RAMCO and Oracle Financials, streamlining operational functions and improving accuracy and cost efficiency.
At Xerox, Nafis held various senior roles, contributing to logistics, supply chain, and cost management.
Key Achievements:
Nafis managed logistics for Xerox’s National Logistic Centre, overseeing ₹300 crore in assets and implementing ERP systems to streamline inventory and receivables management.
His local sourcing initiatives saved â‚ą3 crore by developing domestic suppliers, and his efforts reduced DSO (days sales outstanding) by 30%, improving cash flow.
At the start of his career, Nafis honed his skills in finance and cost management at these prestigious organizations.
Key Achievements:
Nafis gained practical experience in financial operations and cost control during his time as an industrial trainee at NALCO.
Starting his career at BALCO, he developed a solid foundation in financial analysis within a manufacturing environment.
Nafis has managed legal and statutory compliance, both domestically and internationally, and has demonstrated excellence in corporate accounting and tax management.
CMA Shaikh Nafis Anjum’s blend of corporate finance acumen and insolvency expertise has consistently led to measurable results. His ability to navigate distressed businesses through financial restructuring has earned him respect across industries, driving both corporate growth and recovery with a hands-on, strategic approach.