CMA Upamaka Challaram is the highly regarded founder of Upamaka & Associates, a distinguished firm specializing in Cost and Financial management with an exceptional academic track record, he earned an Associate Cost Accountant designation, securing an impressive 7th Rank in the All-India CMA Inter exams and a 14th Rank in the CMA Final exams. He is also a qualified Chartered Accountant and holds a Bachelor of Commerce degree in Finance and Cost Accounting.
Mr. Challaram brings a wealth of experience in conducting comprehensive Cost Audits for multinational clients across a broad spectrum of industries, including electrical and electronics, healthcare, and more. His expertise spans clients with turnovers ranging from ?100 crores to ?15,000 crores, showcasing his ability to handle complex financial landscapes with precision.
Known for his in-depth knowledge of Inventory Valuation and Cost of Goods Sold (COGS) analysis, he has successfully implemented advanced inventory management systems and strategic COGS optimization techniques. These efforts have consistently led to substantial financial improvements for his clients, driving greater efficiency and profitability.
Furthermore, Mr. Challaram is well-versed in handling both Direct and Indirect Tax audits, including GST, for multinational corporations. His strategic approach to audits has resulted in favourable outcomes, with multiple audits closed successfully with NIL demand orders, demonstrating his unparalleled skill in navigating complex tax assessments and audits.
With a profound understanding of Cost Management, Financial Management and Tax Strategies, Mr. Challaram continues to be a trusted advisor to some of the largest corporations, empowering them to achieve operational excellence and sustainable growth.