Rajesh Balakrishnan
Group Chief Financial Officer at R&N Khimji LLC - Ramesh Khimji Group of Companies- Claim this Profile
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Bio
Credentials
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Ram Charan on Coaching High Potentials
LinkedInJun, 2020- Nov, 2024
Experience
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R&N Khimji LLC - Ramesh Khimji Group of Companies
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International Trade and Development
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1 - 100 Employee
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Group Chief Financial Officer
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Dec 2022 - Present
Heading the financial leadership of a leading group in Oman focused on infrastructure development, IT & Telecommunications. Heading the financial leadership of a leading group in Oman focused on infrastructure development, IT & Telecommunications.
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BRF
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Brazil
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Food and Beverage Services
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700 & Above Employee
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GM Finance/Business Controller Oman & Kuwait
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Apr 2011 - Oct 2022
Following acquisition in July 2016, employed with BRF (NYSE listed) as Business Controller Oman & from July 2020 Business Controller Oman & Kuwait. Key achievements include - Expanded EBITDA margins with efficient P&L Management, budgeting and deviation analysis and achieved key KPIs. - Conducted ZBB analysis and controlled operations expenditure; lowered OPEX by $ 1 M vis-à-vis budgets (the lowest in the region) and reduced the cost to serve to $ 320 per ton (19 % reduction). - Reduced DSO to 40 days (best in the region), despite challenging market conditions. - Significantly reduced the overdue payments to below 1 % from an earlier 16%. - Achieved ZERO debt status from a high of $ 40 M with sustained improvement in working capital and control over Capex. - Handled financial/process integration post-merger; achieved full integration/standardization within minimum time-frame. - Played key role in implementation of SAP that enhanced the overall work efficiency. - Coached & built strong teams. Between April 2011 - June 2016, GM Finance & Operations at AKF (pre BRF acquisition). Successfully bought about a transformational change within the organization by implementing ERP Microsoft Dynamix, revamping the financial structure & operations, alignment of processes & controls, greater visibility and clarity of information. Key Achievements - Improved EBIT performance by 33% over previous high, achieved highest EBIT in 2015. - Improved/reduced DSO levels by 50% & overdue by 60%. - Managed to convert key vendors from cash advance to CAD/30-60 days’ credit. - Negotiated to reduce interest rate for short term working capital loans from 4.5% to 2% per annum. - Played a key role in the M&A/due diligence process. - Improved key ratios to boost Enterprise Value and thereby shareholders’ wealth. - Implemented ERP Microsoft Dynamix & improved IT infrastructure to establish effective reporting systems. - Revamped product costing methodologies, improved margins. Show less
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Khalifa A. Algosaibi Investment CJSC
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Saudi Arabia
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Capital Markets
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1 - 100 Employee
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Finance Manager
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May 2000 - Mar 2011
Worked with the distribution business of the Holding Company covering major Multinational products such as Kraft, Budweiser and a host of other leading brands. Was responsible for the Finance functions along with IT, Tax, Legal and Administration. The Company had operations all over KSA with 6 Branches in the Key regions of the country. Total staff under my supervision averaged 40. On joining the organization, was entrusted with key responsibilities for implementation of an ERP system which led to major transformation of the Company's operations and brought in major process improvements, efficiencies, visibility and clarity of information. Key achievements during my tenure were: - Achieved continued enhancement of profitability to turnaround a loss-making business unit. - Improved cash flows by streamlining collections and claim process amounting to $ 5 M per annum. - Conducted intense negotiations and procured loans from bankers with favourable terms and conditions. - Aligned working capital and term loan facilities with Company requirements and ensured proper control over utilization and servicing of loans. - Enhanced revenue generation by more than 50% from key logistic contracts for storage. - Played key role in implementation of ERP Sage CS/3 that transformed the MIS and reporting systems. - Improved/reduced/controlled overhead percentage to revenue. Show less
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Rajesh & Rajesh,Chartered Accountants
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Bengaluru, Karnataka, India
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Partner
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May 1996 - Apr 2000
Founding and most experienced partner at the firm; helped build the firm from scratch to a medium sized firm representing several small to medium and large clients across an array of accounting, audit, tax and consultancy services. Major achievements include - Efficiently conducted financial audits for large-scale organizations like Bank of Baroda and Arvind Mills. - Mobilized funds for SME clients to cater to project finance and working capital management. - Managed System Process Implementation for SMEs in compliance with the established accounting protocols. Show less
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SKF India
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India
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Industrial Machinery Manufacturing
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700 & Above Employee
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Cost & Accounts Officer
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Aug 1993 - Mar 1996
SKF India is a subsidiary of AB SKF, Sweden. Was entrusted with several responsibilities across finance and costing and they include: - Tax and Statutory Audits. - Factory Costing and Variance Analysis - Monthly Closing of financials within timelines - Import Accounting and Reconciliation. - Accounts Payable SKF India is a subsidiary of AB SKF, Sweden. Was entrusted with several responsibilities across finance and costing and they include: - Tax and Statutory Audits. - Factory Costing and Variance Analysis - Monthly Closing of financials within timelines - Import Accounting and Reconciliation. - Accounts Payable
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Unilever
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United Kingdom
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Manufacturing
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700 & Above Employee
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Industrial Trainee
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Apr 1991 - Mar 1992
After completing CA Inter, worked with Brooke Bond India Limited (Unilever subsidiary) as an Industrial Trainee in the Management Accounting department. Key assignments handled in the following areas: - Weekly/Monthly MIS report preparation - Annual Budgeting Exercise - Review and analysis of Cost Effectiveness proposals - Special assignments related to preparation & analysis of profitability scenarios of new projects. After completing CA Inter, worked with Brooke Bond India Limited (Unilever subsidiary) as an Industrial Trainee in the Management Accounting department. Key assignments handled in the following areas: - Weekly/Monthly MIS report preparation - Annual Budgeting Exercise - Review and analysis of Cost Effectiveness proposals - Special assignments related to preparation & analysis of profitability scenarios of new projects.
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B S Prakash & Co, Chartered Accountants
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Bengaluru, Karnataka, India
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Article Trainee
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Aug 1988 - Mar 1991
Audit Assistant (8 Months) & Articleship Training (2 years) during which period I completed my CA Intermediate Exams. Assignments included statutory and tax audits, taxation, project finance and accounting. Audit Assistant (8 Months) & Articleship Training (2 years) during which period I completed my CA Intermediate Exams. Assignments included statutory and tax audits, taxation, project finance and accounting.
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Education
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1989 - 1992
The Institute of Chartered Accountants of India
ACA, Accounting,Auditing,Costing,Financial Management,Taxation -
1985 - 1988
Christ University, Bangalore
B.Com, Accounting,Costing and Financial Management
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