CA Amolak Khandelwal | The Family Office Stack

CA Amolak Khandelwal · Mumbai Metropolitan Region.

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About

I am a Chartered Accountant with over 30 years of post-qualification experience, specifically leading of Family Office at Lupin Ltd—a renowned multinational pharmaceutical company. Throughout my extensive career, I have independently handled and led core functions across Accounts, Finance, Legal Compliances, Investments, Treasury, and Corporate Restructuring, delivering high-value strategic outcomes for promoters, trusts, companies, and family offices. My professional journey has offered diverse exposure, ranging from complex restructuring and amalgamations to managing Rs. 2000+ crores in investments, overseeing direct and indirect tax compliance, and streamlining operations with a strong control framework. I’ve had the privilege of working across manufacturing industries (pharma, chemicals, yarn), service sectors (leasing, real estate, mall operations), and non-profit organizations (charitable and public trusts), making my experience truly multi-dimensional.

Experience

Vice President FinanceCurrent
DLF Family Office · Delhi, India
Jan 2026 – Present
GM-Accounts & Finance (Head of Group Services-Family office)
Lupin · Mumbai Area, India
Aug 2006 – Dec 2025
Currently leading Lupin’s Promoter Family Office with full responsibility over strategy, governance, financial structuring, and regulatory compliance for group entities, trusts, and family members. Report directly to the President – Finance and promoters. Strategic Focus Areas: • Directly manage investments exceeding Rs. 2000+ crores, optimizing returns across debt, equity, AIFs, and long-term vehicles. • Architect corporate restructuring and succession planning, ensuring compliance with domestic and cross-border regulations. • Supervise tax-efficient structuring, estate planning (Wills, HUF partitions), and entity optimization (Trusts, Companies, LLPs). • Oversight of 5 active companies, 8 private & public trusts, and 8 family members. • Lead strategic asset reallocation, treasury controls, and evaluation of investment avenues. • Drive relationships with top law firms, tax advisors, merchant bankers, and regulators to facilitate sensitive high-stakes initiatives. Key Highlights: • Led the end-to-end family office restructuring (in consultation with Deloitte): • Executed six large-scale amalgamations across 3 to 12 entities per phase. • Oversaw buybacks, capital reduction, fresh issues, redemption, and compliance. • Finalized accounting for amalgamations under both Pooling and Purchase methods. • Managed probate of Will, partition of HUF, and multi-tier structuring of trusts and companies. • Enabled block deals on stock exchanges with accurate tax and regulatory filing. • Generated savings of ~Rs. 10 crores/year by switching from broker to direct mode and active investment strategies. • Maintained 100% compliance record with no audit notices or penalties. • Facilitated Ind AS conversion, Companies Act 2013 adoption, and audit readiness for all entities. • Structured international JV and subsidiary entities with full regulatory adherence.