Ajay Taneja

Director Finance and Commercial at INDORAMA - ICS (Industries Chimiques du Senegal)
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Contact Information
us****@****om
(386) 825-5501
Location
West Delhi, Delhi, India, IN

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Swami Nathan

Mr.Ajay is a Highly Energetic, Committed, Motivated and Knowledgeable Leader and a Very Tactful and Skilled Manager, In fact he excellent in Team Development, Team Management, Project Management and Resource Management. He has been a very dynamic and a Result Oriented Finance Manager, Change and Release Management, Finance, Auditing, MIS and Reporting. I am privileged to work with Mr.Ajay Previously he was my best Boss. He is beyond doubt THE BEST MANAGERS I have worked so far. He has played a key role in the Career Development of all his Team Members. I admire his Planned and Participative Approach, Team Sprit, In-depth subject Knowledge and highly appreciate his dedication on timely delivery on the commitments.

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Credentials

  • The Future of Work: The Necessary Skills of Your Future Workforce
    LinkedIn
    Jan, 2023
    - Nov, 2024

Experience

    • Senegal
    • Chemical Manufacturing
    • 200 - 300 Employee
    • Director Finance and Commercial
      • Jan 2017 - Present

      Member of Board responsible for strategic Business operations, long and medium range business plans and goals, with focus on Business development, Cost optimization, Organization development, process evaluation, improvement &implementation. Member of Board responsible for strategic Business operations, long and medium range business plans and goals, with focus on Business development, Cost optimization, Organization development, process evaluation, improvement &implementation.

    • Wholesale Building Materials
    • 200 - 300 Employee
    • CFO
      • Feb 2016 - Dec 2016

      Member of Group Executive Board responsible for Finance and Accounts function, long term and short term funding, Product price on dynamic basis, Financial restructuring, Assisting sales and marketing team to achieve goals and targets. Member of Group Executive Board responsible for Finance and Accounts function, long term and short term funding, Product price on dynamic basis, Financial restructuring, Assisting sales and marketing team to achieve goals and targets.

    • Sr. Vice President
      • Sep 2013 - Sep 2015

      As Division Head of Refractory and Insulation business, responsible for developing the business in India for the company, working with piping and Power division of the Group for developing Indian clients. As Division Head of Refractory and Insulation business, responsible for developing the business in India for the company, working with piping and Power division of the Group for developing Indian clients.

    • India
    • Construction
    • 700 & Above Employee
    • CEO (Chief Executive Officer)
      • Jul 2009 - Aug 2013

      * Got Involved in KAEFER India business post acquisition of majority stake by KAEFER of Punj Lloyd Insulation Limited an insulation subsidiary of Punj Lloyd Limited India. Part of due diligence team and setting up of the JV handling legal and commercial aspects of JV. * Implemented and integrated operating Process and procedures of the group with the JV organization in India. * Streamlined processes to optimize working capital management by focusing on timely invoicing and followup for collections. * Indirect Taxation for projects across India * Annual Business plan development, forecast for group top management and implementation of improvement measures wherever required. * Engaged with banks for limits, fund based and non-fund based, foreign exchange hedging and purchase and sales transaction and project funding. Show less

    • Germany
    • Construction
    • 700 & Above Employee
    • Regional Controller, Finance and Commercial for SEA including Thailand, Malaysia, Vietnam and Korea
      • Nov 2004 - Jun 2009

      * Successfully integrated Punj Lloyd India Ltd. and KAEFER Systems. * Steered JV in India with Punj Lloyd India Ltd; played a proactive part of the Due Diligence Team. * Pivotal in setting up systems/procedures through SAP. * Over all responsibility for functions commercial, finance, accounting, secretarial and HR activities, including monthly management reports, purchase, interaction with clients for commercial aspects of contracts, inter-departmental information exchange, etc. * Nominated for Company Sponsored Executive Development Program with 4 Modules from Henley Business School in London, designed for future Managing Directors. Show less

    • United States
    • Chemical Manufacturing
    • 300 - 400 Employee
    • General Manager, Finance, Commercial & Business Development
      • Aug 2001 - Oct 2004

      * Headed Finance Accounts, Procurement, Stores & Logistics, Legal and Secretarial and IT functions. * Arrange long-term funds to meet long term objectives for the project and expansion, * Converted foreign currency loan floating rate loan. * Working capital limits, funding and cash flow management/monitoring, foreign exchange exposure hedging through forward contracts and swaps for interest rate as well as currency swap. * Identified & developed new sources of raw material (65% of cost of production), finalized the annual contracts of raw material supplies, negotiated for the expansion-cum-modernization project, logistics, insurances & other contracts for company including plant repair & maintenance. Show less

    • Sr. Manager, Accounts and Costing
      • May 1999 - Jul 2001

      * Managed annual budgets and prepared monthly reports for oleo-chemical operations along with Concrete, Brickwork, Insulation Foil and Packaging Material Units of the group. Drafted a summarized report for each unit to be presented to the top management. * Oversaw the purchase of capital equipment & raw materials, including finalization of contracts. * Negotiated with the customers for leasing and operating the plant on tolling charge basis resulting in funding of working capital requirement through customer. Show less

    • CFO (Chief Financial Officer)
      • Jul 1997 - Apr 1999

      * Introduced and implemented systems and procedures to meet the needs of business and improve efficiency. *Arranging long term loan, equity participation and working capital loans / management. * Annual budgets and monthly reports for group businesses. * Purchase of capital equipment & raw materials, including finalization of contracts. * Purchase of Pam Stearin which is a commodity item listed on commodity exchange. * Negotiating with the customers for leasing and operating the plant on tolling charge. Show less

    • Executive Assistant to the Group Chairman
      • 1991 - 1997

      * Worked with Project Development for Joint Ventures i.e. Denim Project, Car Furnishing Fabric Project with exposure to equity participation, technology transfers, production capacity expansions. * Working exposure to drafted & finalized joint venture agreements, technical agreements in coordination with legal consultants. * Responsible for budgeting, costing accounting and audits of accounts, negotiations & discussions with the machinery suppliers along with selection of the equipment. * Served as Executive Assistant for the Group Chairman for more than 3 years. Show less

Education

  • The Institute of Chartered Accountants of India
    Chartered Accountant (C.A)
    1987 - 1990
  • Institute of Cost and Works Accountants of India - ICWAI
    I.C.W.A
    1986 - 1990
  • Hans Raj College, University of Delhi, New Delhi
    B.Com (Hons)
    1984 - 1987
  • Henley Business School, London, England
    Executive Management Development Program

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