Our people: Ajay Lalu
Ajay Lalu is a Partner and 100% shareholder in Black Lite Consulting and was a founder of Bravura Consulting. After four years of successfully running Bravura Consulting he decided to branch out on his own. In 2006 he left his post as Acting CEO of Utajiri Investments which negotiated and participated in the Deutsche Bank BEE transaction valued at an estimated R1 billion without external advisors.
Ajay’s current clients include Anglo American, Kagiso, Xstrata SA ,Sasol Limited, Total Coal, National Empowerment Fund, and Tsogo Sun. His strategic advisory role to Xstrata provides the group with a view on issues relating to the alignment of the Mining Charter to the Codes. He also is advising the National Empowerment Fund on Governments’ Vision 2020 for BBBEE across 11 major sectors of the economy.
Ajay is passionate about sustainable development and has built black lite on the principles of sustainable empowerment. He is a certified GRI (global Reporting Initiative)reporter and has shared his vision of sustainable development with companies like Kagiso.
Prior to negotiating the Deutsche Bank deal, Ajay was the Director for BEE services at Ernst & Young where he was responsible for growing the new business unit focused on BEE.
Ajay spent 5 years at Ernst & Young in the Corporate Finance arena and was promoted to Director in July 2003. In this role, he:
Provided strategic advice on mergers and acquisitions worth more than R100m
Provided transaction support services like due diligences, valuations and M&A advice
Developed complete Empowerment solutions for various clients
Ajay is a regular commentator on BEE issues in the media and advisor to the DTI. He was elected the treasurer of the Black Business Council which regularly met with government on issues relating to BEE and was invited to speak at the 2004 World Economic Forum on BEE. He was also the Western Cape chairperson and General Secretary of ABASA (Association for the Advancement of Black Accountants of South Africa). Ajay is serving on the dti in house committee on the impact of the global credit crisis on BEE and was a member of the dti committee that has been tasked to draft verification procedures for Verification agencies and to train them on it.
Ajay has his BCom and BCompt (Hons) degrees and graduated Top of his Honors Class at the UWC. Ajay passed his CA(SA) Board exams on the first attempt while serving his articles at PriceWaterhouseCoopers in Cape Town and has over 15 years professional and entrepreneurial experience. Ajay is a member of Green Peace International.