In the bustling heart of Kolkata, a paradigmatic shift is underway in the realms of business strategy consulting using AI and data at its core. Spearheaded by the seasoned visionary, Abhishek Ray, with an illustrious career spanning 13 years, Finarb Analytics Consulting has carved a distinctive niche for itself. Not merely as a coveted partner for elite healthcare and private equity juggernauts, but as an incubator for ground-breaking in-house innovations. As Finarb flourishes, weaving data and AI into actionable business strategies, its growth trajectory is not just notable—it's emblematic of the future of tech-centric business consultation in India and beyond.

In a few words, could you describe your company and its overarching vision?

I am an engineer by education. While my academic journey wasn’t paved through the ivy-clad walls of elite institutions, an early recognition of the practical applications of mathematics and statistics in the business domain, and my genuine passion for these subjects, coupled with a broad sense of the business environment and what it takes to set up a business, was instrumental in laying the foundation for Finarb Analytics Consulting. With a scant job market in the wake of the 2008 recession, I dived into the world of finance, commencing my CFA and then pivoting to analytics and freelancing. My experiences started out with multiple concurrent jobs in the customer experience domain, followed by stints at corporate giants like Genpact, HSBC, and ANZ, which further sharpened my expertise. However, the entrepreneurial spirit within me yearned for more, leading to the inception of Finarb in 2018. Our firm stands as a beacon in the domain of AI and data-enabled business transformation, regularly receiving accolades from our clients, as evidenced by our high NPS scores and long-standing relationships. Personally, a crowning achievement was being honored as the 'CEO of the Year' by Outlook Business Spotlight in 2023, encapsulating both my individual journey and our collective milestones at Finarb.

In your opinion, what is the reason for Finarb’s success?

In my perspective, the cornerstone of Finarb's success lies in our discerning hiring practices. By bringing on board brilliant minds from premier institutions like IIT and ISI, we've established a bedrock of intellectual prowess. However, academic credentials alone don't define our team. Our emphasis has always been on recruiting assiduous individuals who are not just a cultural fit but also resonate with our vision. The indefatigable spirit of our team members, their unwavering commitment to finding solutions, coupled with their innate intelligence and dedication, collectively fuel Finarb's continued ascendancy in the industry.

Can you tell us about the type of work Finarb has been doing?

Predominantly anchored in the manufacturing and healthcare realms, our client base is substantially rooted in the US. Leveraging our profound acumen in statistics and machine learning, complemented by the perspicacious and sagacious minds on our team, we've cultivated an unassailable trust with our clients. This trust has consequently entrusted us with a panoply of complex business conundrums to decipher. In manufacturing, we've ventured into the niches of vision-driven quality assurance and predictive maintenance, while our foray into retail has seen innovations in planogram solutions. The healthcare and finance sectors witness a broader expanse of our expertise, spanning from gauging medicine adherence and abandonment, readmission risks, and early disease interception to intricate financial undertakings such as credit risk modeling, AML solutions, and avant-garde trading solutions. Our prowess isn't restricted by industry boundaries; we've showcased aptitude in areas as diverse as recruitment, fraud analytics, and KYC. As we advance, our focus is also converging on AI application development, poised to transition into a product-centric consulting firm by the next fiscal year. Even as our AI and ML solutions are of esoteric nature, their deployment remains lucid and palpable, ensuring seamless assimilation across all strata of our client organizations. Clarity in application, while maintaining sophistication, remains a tenet we are intransigent about. Our clientele comprises distinguished organizations such as Teva, P&G, BMW, and Frazier Healthcare Partners, just to name a handful.

How different would you say Finarb is from the other players in the market?

Significantly so. Notwithstanding our relatively recent foray into the industry and the absence of a traditional investor and business development nexus, we've carved a distinctive niche for ourselves. Our growth trajectory, predominantly organic, is a testament to our impeccable standards; this is evidenced by the augmented responsibilities our clients bestow upon us and the ensuing referrals they generate. Contrary to numerous contemporaries in our domain, we remain resolutely independent, eschewing any overtures from venture capitalists and external investors. To our clientele, we proffer an unparalleled amalgamation of expedited delivery, superior quality, and cost-effective billings, resulting in a remarkably high client retention rate.

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Finarb Analytics founder Abhishek Ray

"Unleashing Innovation: Finarb's Journey in AI-Powered Business Transformation"