CFO

• Jan 2022 - Present

Chief Financial Officer

• Oct 2018 - Aug 2021

Strategic Financial planning, compliance, Balance Sheet, Fund management, Audit, Cost rationalisation. Strategic Financial planning, compliance, Balance Sheet, Fund management, Audit, Cost rationalisation.

Chief Financial Officer

• Oct 2014 - Oct 2018

Chief Financial Officer (CFO)  Fund Management: Day to day control on debtors’ collection and creditors’ payments with optimization of bank limit. Forex hedging, finance cost rationalization, CMA data analysis, WC & Term Loan arrangement.  Accounting: ensuring timely recording of transactions, reconciliation – Banks, Cenvat, service tax, Export benefits like Duty drawback, Rebate, FMS/FPS to avoid any revenue leakage; Fixed Assets Register; Closure of periodical accounts.  Costing; Approval of product cost sheet, estimation of monthly profitability, actual vs budgeted monthly profitability, Raw material price variance vis a vis stock in hand to price the monthly sales. Annual Operating Plan.  Statutory Compliance: handling various cases at DC(appeal) sales tax, DC-Excise, Commissioner of Income tax, ensuring compliance related to TDS, Service tax, VAT, statutory /internal audit, secretarial compliance.  Insurance: Handling surveyor queries related to fire claim of Rs. 35 cr., day to day policy related to fire/peril, stock and other insurable interest.  ERP Implementation: Playing pivotal role in analysis of user’s requirement, developing logic for financial reporting and statutory reporting.  Identifying Opportunities for Cost Rationalization: Identifying areas where savings is possible; coordinating with business group for implementation & closure of Cost Saving Projects. Show less

Chief Manager II in Cost and Productivity Rationalization Improvement (CAPRI)

• May 2011 - Sep 2014

Chief Manager II in Cost & Productivity Rationalization Improvement (CAPRI) Since April 2014  Managing Bank Level Operating Expenditure: Ensuring timely reporting of Opex; Developing & Delivering Presentations on Opex on a monthly basis to Top Management.  Opex Analysis: Analyzing various elements of operating expenditure on monthly basis which involves Variance Analysis and Trending of Opex Branch-wise, Segment-wise & Business Group-wise.  Group-wise Operating Expenditure: Ensuring timely release of business group-wise operating expenditure; reviewing the actual opex as compared to budget and engagement with the business teams for ascertaining the reasons of variance  GL Code Analysis: Analyzing various entries booked in 317 GL codes on monthly; identifying the opportunity for rationalization of GL code and change in description wherever required.  Identifying Opportunities for Cost Rationalization: Identifying areas where savings is possible; coordinating with business group for implementation & closure of Cost Saving Projects. Chief Manager II in Financial Accounting & Reporting Group (FARG) May 2011 to Mar 2014  Supervising the Quality control Unit in Financial Accounting and Reporting Group (FARG)  Played a vital role in automation & scrutinizing of major RBI Returns like: DSB I- Report on Assets Liabilities and Exposure. DSB III- Report on Quarterly Result, Form X- Liabilities and assets in India, BSR 7- Aggregate Deposits and Gross Credits, BSR 2- Reporting sol id wise classification of deposits, BSR-4-Survey of Ownership of Deposits, Banking Service Price Index Return  Reviewing the master circulars issued by RBI; ensuring optimum compliance with various accounting Standard issued by Institute of Chartered Accountants of India (ICAI); initiating steps to ensure compliance to the Capital Adequacy norms as per Basel III & Master circular on Income Recognition and Assets Classification (IRAC). Show less

General Manager - F&A

• Mar 2008 - Apr 2011

 Conceptualizing & implementing financial procedures, including working capital management & internal financial controls. Handling tax matters & interfacing with taxation authorities & various government departments for ensuring smooth business operations.  Distinction of successfully completing various income tax assessments including certain search & seizure cases up to Tribunal (ITAT) level related to the company and directors resulting in maximum saving of revenue.  Resourcefully developed and implemented a successful accounting system.  Instrumental in presenting the accounting data entailing a civil suit with a PSU at Hon Bombay High Court.  Analyzing the financial viability of new ventures / new projects & forecasting project finance/ funds required. Show less

Senior Manager

• Mar 2006 - Feb 2008

 Managed overall accounting operations for the company; efficiently projected financial statements preparation with various forecasts like Capex, Opex, Revenue and tax planning.  Recognized for successfully implementing accounting system including invoicing module for new tower company; pivotal in preparation of Red Herring Prospectus (RHP).  Executed work entailing statutory liability such as TDS, Service Tax, Cenvat reconciliation, vendors and customers accounting and ageing analysis.  Skillfully prepared restated financials of Reliance Infratel Ltd. for Draft Red Herring Prospectus (DRHP) required to be filed with SEBI for issue of Shares (IPO). Show less

General Manager (F&A)

• Apr 2005 - Feb 2006

 Prepared statutory accounts & monitored accounting and reporting developments; produced statutory accounts, balance sheet reconciliations, P&L; ensured allocated statutory accounts are prepared and reviewed.  Prepared statutory accounts & monitored accounting and reporting developments; produced statutory accounts, balance sheet reconciliations, P&L; ensured allocated statutory accounts are prepared and reviewed.

Asst General Manager ( Fin & Accts.)

• May 2001 - Feb 2005

 Spearheaded work pertaining to budgeting and forecasting of sales and sales realizations, conducted Variance Analysis of actual and budgeted, performed monthly compilation of TB, Balance Sheet, P& L and MIS.  Worked in coordination with Statutory and Internal Auditors; prepared Daily Cash flow report.  Accountable for tax deduction and deposit along with the issue of tax deduction certificate and filing of annual return; finalization and audit of yearly balance sheet.  Managed entire Plant Accounting which included day to day accounting at plant related to procurement of materials, production data, sales data, payroll accounting, daily cash flow analysis, working capital management, optimization of surplus funds, ratio analysis, MIS, etc. Further, successfully registered change in the accounting system thereby ensuring smooth operations. Show less

Partner

• Jan 1998 - Apr 2001

 Catered to key clients like Sterlite Industries, Manipal Group of Industries, Nilkamal Plastics & various prestigious Clubs of Mumbai.  Demonstrated excellance in managing Internal Audit for key clients such as Vijay group of Industries-a leading name in firefighting equipment manufacturer, Simsys Technology Ltd., Halden Glass Limited & Otters Club-Bandra (Mumbai)  Catered to key clients like Sterlite Industries, Manipal Group of Industries, Nilkamal Plastics & various prestigious Clubs of Mumbai.  Demonstrated excellance in managing Internal Audit for key clients such as Vijay group of Industries-a leading name in firefighting equipment manufacturer, Simsys Technology Ltd., Halden Glass Limited & Otters Club-Bandra (Mumbai)

Auditor

• 1997 - 1998

Manager - Investor Services

• Jul 1996 - Dec 1997

 Supervised a team of 20 members involved in resolving investor’s grievances like transfer of shares, non-receipt of Interest, Dividend, etc.  Supervised a team of 20 members involved in resolving investor’s grievances like transfer of shares, non-receipt of Interest, Dividend, etc.

Article Clerk

• Sep 1991 - Aug 1994

 Conducted tax audit and statutory audit, computed and filed tax returns.  Made representations in the matters of income tax and sales tax; ensured compliance with the Companies Act requirements like filing of annual returns, incorporation of companies, writing of minutes of board meetings, etc.  Conducted tax audit and statutory audit, computed and filed tax returns.  Made representations in the matters of income tax and sales tax; ensured compliance with the Companies Act requirements like filing of annual returns, incorporation of companies, writing of minutes of board meetings, etc.