Descon
Shayan Farooq is an accomplished finance professional with a diverse background in financial management and analysis. Currently serving as Financial Controller for Mergers & Acquisitions at Descon since September 2022, Shayan previously held the position of Senior Financial Analyst at Pakistan Credit Rating Agency (PACRA) from December 2019 to September 2022. Prior experience includes managerial roles at Isbah Hassan and Associates and as a Relationship Manager at NBP Fullerton Asset Management Limited. Shayan began the career as a Treasury Operations Intern at MCB Bank Limited and has also worked as a Research Analyst at Capital Stake. Educationally, Shayan holds an ACCA qualification and a BSc (Hons) in Accounting and Finance from Oxford Brookes University.
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Descon
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The journey of Descon began forty one years ago, in a five hundred square feet office space at Lahore’s historical WAPDA house. Descon’s vision was to embark on a journey to create Pakistan’s leading multinational conglomerate operating in the engineering, chemical and power sectors. Over the years, the spirit of Descon’s founders inspired its employees to not just achieve the ordinary but the extraordinary. This belief became the foundation of Pakistan’s leading multinational conglomerate; Descon. Descon’s global presence spreads across United Arab Emirates, Saudi Arabia, Oman and Qatar from where new ventures are executed in Kuwait, Iraq and Egypt. The development and manufacturing of industrial process equipment and piping spool takes effect from their state-of-the-art plant. The strength of their experienced project team carrying operations have the essential ISO, OHSAS and ASME certifications in addition to their own QA, QC and HSE standards. Today, Descon owns and operates chemical and power plants, with allied interests in inspection and testing. Descon Chemicals Business comprises of Descon Oxychem Limited. Their Power Business takes shape in the form of Descon Power Solutions (DPS), providing power plant operations and maintenance (O&M) services for thermal and renewable power plants in Pakistan. Descon also owns two Independent Power Plants (IPPs), Altern Energy Limited, 32 MW gas based power plant and Rousch (Pakistan) Power Limited, a 450 MW combined cycle power plant. As part of their Corporate Social Responsibility, Descon takes immense pride in educating underprivileged youth, keen to acquire technical skills and improving their livelihood through the Descon Technical Institute. DTI also provides vocational trainings to young aspiring students. Driven by a set vision and commitment, Descon strives to add value to their clients' businesses by providing world-class solutions at cost-effective levels.