Team

PUZHANKARA SIVAKUMAR

M.Com, FCMA, FCS

(Mentor & Founder Managing Partner)

Co-Founder and the Managing Partner of SEP & Associates and Partner of Ragini Chokshi & Co., Mumbai, CMA CS Sivakumar P is a Postgraduate in Commerce (M. Com), a Fellow Member of the Institute of Cost Accountants of India (ICAI-CMA) and a Fellow Member of the Institute of Company Secretaries of India (ICSI). With over 40 years’ experience as a CS/CMA he has completed more than 30 years of practice. He brings with him a history of vast exposure in a multitude of areas including secretarial, legal, finance management, General management, and administration.

CMA CS Sivakumar P was admitted as an Associate Member of Institute of Cost Accountants of India (ICAI-CMA) in the year 1988. After joining the profession, he served in various roles like Finance Executive, Finance Manager and General Manager/ Head (Finance) in both Public Sector and Private Sector Enterprises, handling internal audit, finalizing company Accounts, Working capital management etc.

He qualified as Company Secretary in December 1990. As Head (Finance) and Company Secretary, he successfully piloted several public issues in the State of Kerala, right from conceiving stage till the Listing, immediately post the opening up of Indian Economy in early 1990’s. He was also able to successfully move SEBI and obtain the First “Category I Merchant Banking License” for an NBFC from the State of Kerala.

• He started his Practice as a Corporate Consultant in October 1994 in Kochi and acted as outsourced CFO of many companies, achieving financial closure (both Project Cost and Working Capital Finance) of many new projects both in manufacturing and NBFC sectors.
• He is a specialist in Planning, Procurement, Utilization of Funds Product Costing, Standard Costing, Variance Analysis etc.
• He Pioneered computerization of cost records, MIS and Financial statements in all the units where he served.
• He is the Secretarial Auditor and Advisor to various Public and Private Sector companies and is associated with many established and well-known business groups particularly in the State of Kerala.
• He has extensive experience in procedural and Advisory services on Corporate Restructuring & Amalgamation, Corporate Governance, Capital issues and SEBI matters, and has also liaised with different Government Departments, Stock Exchanges, Depositories, Depository Participants, the office of C&AG and many senior Audit firms.
• He is an empaneled Arbitrator to the Honorable High Court of Kerala, Arbitrator on the panel of National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) and served as the Public Representative Director of Madras Stock Exchange and its subsidiary MSE Financial Services Ltd (Nominated by SEBI).
• He was Director and Chairman (Audit Committee) of Interconnected Stock Exchange of India, Mumbai.

MADHUSUDHANAN E.P

M.Com, LLB, FCS, FCMA, IP, RV, DIA(ICSI), DCG(ICSI)

(Co-Founder and Partner)

Madhusudhanan E.P, the Co-Founder and partner of SEP & Associates, is a Postgraduate in Commerce (M. Com), Graduate in Law (LLB) from the Cochin University of Science and Technology, a Fellow Member of Institute of Company Secretaires of India (ICSI) and a Fellow Member of Institute of Cost and Management Accountants of India (ICAI). He is also an Insolvency Professional, Registered Valuer and a Certified Forensic Auditor.

• Mr. Madhu is a diligent and seasoned professional offering a well-rounded experience of more than 17 years in a wide spectrum of Finance & Secretarial Compliance, Stock Broking and Commodity Broking with various prestigious organizations.
• He has expertise in ensuring secretarial, legal and compliance matters, and finalizing audits of group companies and experience in initiating capital exchange membership, monitoring internal controls, drafting policies for accounts and risk management, piloting management information, maintaining statutory records and compiling information and reports.
• He has proven skill set in streamlining inventories, conducting feasibility studies and managing taxation, costing, FEMA, and corporate laws.
• He was associated with Celebrus group for a decade in various roles including heading Compliance and Finance of Celebrus Capital Limited and Celebrus Commodities Limited. Before joining Celebrus, Madhu had worked with the Murugappa Group at Hyderabad

At present he is the partner in charge of the Kochi Branch of SEP & Associates.

He has more than 17 years of teaching experience for CS and CMA courses.

Former chairman of southern India Regional Council (2025) ICSI and Former Chairman Kochi chapter ICMAI

ANJU PANICKER

BA. LLB (Hons.), FCS.

(Partner - Chennai)

Anju Panicker is a Law Graduate [B.A L.L.B (Hons.)] from the National University of Advanced Legal Studies (NUALS), Kochi and an Associate member of the Institute of Company Secretaries of India (ICSI). She has more than 10 years of industry experience.

• She was a Company Secretary in employment since October 2014 and has worked with Radiance Realty Developers India Limited and Kshema Power and Infrastructure Company Private Limited, handling their secretarial and corporate legal affairs.
• She was associated with SVJS and Associates, Company Secretaries, as consultant in Kochi and Chennai offices.
• She has vast exposure in drafting of Legal Opinions, Agreements etc., and is keen in matters relating to Corporate Governance and Corporate Social Responsibility.
• She has published various articles in Chartered Secretary and The Management Accountant.

At present she is the partner in charge of the Chennai Branch of SEP & Associates.

RUCHIRA JHARKHANDI

B.Com, FCS, LLB

Partner – Mumbai

• Partner in - charge of Mumbai Branch
• Bachelor of Commerce degree from Calcutta University, L.L.B from Mumbai University and an Associate Member of ICSI with  10 years of industry experience.
• Has worked with M/s. Petronet India Limited, a joint venture of Oil Companies (BPCL, HPCL, IOCL), Investors (Reliance Industries Limited & Nayara Energy Limited - formerly known as Essar Oil Limited) and Financial Institutions (SBI, IL&FS and ICICI) in Mumbai as a Company Secretary and Compliance Officer, with vast exposure to.
• She started her practice in Mumbai in 2020 and worked as a consultant at M/s. Bharat Petroleum Corporation Limited (BPCL), a Government of India undertaking, in Mumbai.
• She has extensive experience in Secretarial matters, FEMA related matters, Conversion of Public Company to Private Company / LLP to Private Company, Bonus Issue, Compliances under SEBI regulations and Stock Exchange lings, Corporate Governance, IEPF Compliances and handling matters related to Investor Relations. She was also involved in major projects like mergers, the disinvestment of a material subsidiary, ESPS-related matters, capital reduction, representing the company before NCLT, and handling works relating to Liquidation of the Company.