consult@panaceawfs.com

Kochi, India · Serving Oman, UAE, Australia & India

Our people

Meet our senior team

A senior team of Chartered Accountants and finance professionals with 25+ years’ combined experience.

25+ yrs

CA. Sebastian Perumbancheel Devassia, CEO & Co-Founder, Panacea WFS

CA. Sebastian Perumbancheel Devassia

CEO & Co-Founder

CA

Co-founder who leads business solutions and advisory, with over 25 years in finance, accounting, budgeting, ERP and corporate finance across Oman’s power sector, hospitality and the UAE.

  • Since 2017, has led advisory, accounting-support and reconciliation engagements for hospitality, power and water, and government clients.
  • Prepared the fixed asset register for 17 hotel properties covering 110,000+ assets, including physical verification, tagging and reconciliation with the Oracle general ledger.
  • Led physical counts and inventory reconciliations for 4 IPP projects (25,000+ line items), and a 120,000-item inventory count with procurement SOP gap analysis for Oman’s electricity transmission company.
  • Reconciled customer accounts, billing, collections and receivables between CRM, billing and Oracle systems for an electricity distribution company.
  • As Deputy Finance Manager – Finance & Budget of a state electricity company running 36 power stations and 6 desalination plants, played a key role in securing RO 100m of bridge finance from HSBC for capital projects.
  • Prepared annual budgets of US$260m CAPEX and US$200m OPEX, consolidating 200+ capital project line items.
  • Part of the Oracle 11i to R12 upgrade and introduced the Projects module for capital projects.
  • At the electricity holding company, prepared IFRS group accounts, budgets for 8 subsidiaries and regulatory accounts.
  • Earlier career in statutory and internal audit practice in India, as senior auditor in Abu Dhabi, and as finance manager consolidating 10 branches for a dairy marketing company.

23+ yrs

CA. Dilip George Vailiparampil, Chief Consulting Officer & Co-Founder, Panacea WFS

CA. Dilip George Vailiparampil

Chief Consulting Officer & Co-Founder

CA · CIMA · DISA · DipIFRS

Leads corporate finance and regulatory consulting through his own practice, drawing on 13 years with a regulated power distribution utility with a US$2.3bn asset base, where he served as Manager Corporate Finance and acting Senior Manager Finance.

  • Led and coordinated the company’s long-term fund raising, including OMR 240m of syndicated loans (Tranche 1).
  • Delivered a US$500m sukuk issuance (Tranche 2), plus revolving credit and working capital facilities.
  • Lead player in the first sukuk in the electricity sector, named IFN 2017 Ijarah Deal of the Year.
  • Led the Price Control opex team for the regulator’s PCR IV review.
  • Headed the budgeting and corporate finance function for over 11 years.
  • Represented the company at the 2019 JP Morgan Emerging Markets Credit Conference in London, meeting 44+ investors across 10 meetings.
  • Developed the company’s first ESG framework and coordinated its MIS and business reporting.
  • Earlier roles include internal audit manager at a ship design company, chief accountant at a logistics firm, US tax preparation in a KPMG-serviced BPO team, and statutory and tax audit practice in India.

25+ yrs

CA. Anoop George Vailiparampil, Chief Business Manager & Co-Founder, Panacea WFS

CA. Anoop George Vailiparampil

Chief Business Manager & Co-Founder

FCA

Co-founder and Director of Audit & Taxation, with over 20 years in IFRS accounting, group consolidation, budgeting, funding and taxation, including 12 years in senior finance roles at Oman’s electricity holding group. Trained at a Deloitte member firm.

  • Since 2017, has led and reviewed fixed asset register preparation, physical verification and tagging for 18+ hotels, receivables reconciliation between Oracle and the Orion billing system, and the internal audit of a listed company in Oman.
  • As Budget & Finance Manager and later Group MIS & Analysis Manager, led group budgeting and planning and secured approval from statutory and regulatory authorities.
  • Negotiated with banks and financial institutions to raise long-term funding and non-fund-based facilities on favourable terms.
  • Prepared projected financial statements and cash flow forecasts to assess financial viability and growth opportunities.
  • Monitored group funds flow and cash flow, and presented group business reports and variance analysis to senior management.
  • Unbundled the ministry’s accounts into the new sector companies, preparing their opening trial balances and fixed asset registers, and led the Oracle R12 migration as functional lead.
  • Liaises with tax authorities on compliance and exemptions; delivers valuations and due diligence for business acquisitions.

12+ yrs

Vaisakh Prakash, Director, Project Management, Panacea WFS

Vaisakh Prakash

Director, Project Management

B.Com (Hons) · ACCA

Leads financial modelling, business planning, feasibility studies and internal audit engagements for utilities, listed companies and government entities.

  • Reviews internal controls across CAPEX, procurement, revenue leakage, HR and IT assets for corporate and public sector clients.
  • Designed an IFRS financial statement model for a US$1.9bn-turnover listed group of 5 entities, cutting reporting time by 30%.
  • Assessed feasibility and controls for a US$300m initiative and presented the business plan to the Board and shareholders.
  • Prepares 5-year business plans and board financial packs for regulated utilities, and reviews client budget models.
  • Manages compliance and reporting for a 25-company portfolio; developed internal audit charters and finance, procurement and HR manuals.
  • Led a 20-member team reconciling 130,000 assets worth US$1bn+ across 19 hotels in Oracle.
  • Built a financial model that helped a tourism company secure RO 10m of investment funding.
  • Earlier, as Audit Manager in India, supervised teams of up to 22 staff on audits of central and state PSUs, freight, courier, commodities exchange and insurance entities.