Experience

Indel Inc.

• Machinery Manufacturing
• 1 - 100 Employee

• Director of Auditing

  • Jul 2016 - Present

  Responsible for overseeing all aspects of Internal and External Audit programs for all the companies operating in a variety of industries around the globe. This includes 40 companies in Inductotherm group and 20 other companies with a dominant presence in the varied fields of temperature controls & sensors, telecommunication & data communication equipment, RF & DC power supplies, corona treating equipment, etc. Responsible for overseeing all aspects of Internal and External Audit programs for all the companies operating in a variety of industries around the globe. This includes 40 companies in Inductotherm group and 20 other companies with a dominant presence in the varied fields of temperature controls & sensors, telecommunication & data communication equipment, RF & DC power supplies, corona treating equipment, etc.



Inductotherm Group

• United States
• Machinery Manufacturing
• 200 - 300 Employee

• Group Controller

  • Apr 2012 - Jun 2016

  For over half a century, companies in Inductotherm Group are leading Manufacturers of Melting, Thermal Processing and Production Systems for the Metals and Materials industry worldwide. • Handling business analysis of world-wide financial data of 40 group companies having a group turnover of about $1B. • Uncovered multi-year, multi-million-dollar inventory irregularity in an international group company. • Report and present financial data to the group board and collaborate with them - and their teams - to sustain and/or improve financial and operating performance and efficiency. • Successfully re-designed annual budgeting process to compress the timeline by 40%. • Instituted benchmarks for cost control, inventory management, and profitability which resulted in reducing group inventory by 15%. • Developed a group worldwide score card for reporting performance by product by country. • Lead all Operations reporting and analysis efforts including variances and capital expenditures. Proactively tracks performance vs. commitments via dashboards and leads "gap-fill" process via continuous tracking of risks/opportunities. • Managing geographically dispersed staff of differing cultures and weave them in a team to maximize and reach optimal individual and organizational goals. • Executing internal audit plans and strategies to ensure a robust and high quality system in place for internal audit. Preparation of internal audit summaries for the management board and implementation of group wide internal audit programme for on-going review and monitoring of group systems, processes, and controls capable of meeting group’s expectations. • Designed, implemented, and tracked a model outlining foreign exchange implications on the delivery of USD results. • Coordinating compliance with U.S. GAAP and local GAAP (for non U.S. operations). Show less



Inductotherm (India) Private Limited

• India
• Appliances, Electrical, and Electronics Manufacturing
• 1 - 100 Employee

• Group Controller- Asian Region

  • Aug 1999 - Mar 2012

  Group Controller Asian Region August 1999- March 2012 Inductotherm India Ahmedabad, India It is one of the largest companies in Inductotherm Group that operates in all business verticals of the group. • With a team of 20 and four direct reports, managed: finance, accounting, banking, IT, operations, and legal. • Developed standard operating procedures to improve month/year-end closing processes and reduced monthly closing time from 10 days to 3 days and year end closing from 2 months to 15 days. • Introduced sound business and financial standards to decrease receivables write-off by 25%. • Administer and monitor foreign exchange exposure on Imports, Exports, and Capital Account. • Initiated strategies to redeploy company resources and improving gross margins by 25% by partial withdrawal from high-risk/low-margin product line. • Developed and implemented a very sophisticated systems for profit planning, product cost ascertainment, and control. • Monetized assets to improve cash flow and profitability by 20%. • Member of the team formulating the organization’s long term and short term strategies. • Achieved balance sheet credibility through establishing accounting policies and procedures. • Took leadership role and worked closely with departmental heads to drive process and cost improvements throughout the organization. Show less



Choksi Tube Company Limited

• India
• Consumer Services

• Financial Controller and Company Secretary

  • Aug 1988 - Jul 1999

  • Actively involved in formation of a joint venture company with a Swedish multinational. Was involved in negotiations, due diligence, and drafting of joint venture agreement and other related agreements. • Involved with identifying aims, strategies, responsibilities, timelines, and the resources required to achieve the organisation's mission. • Introduced and operate standard costing system for product cost and material yields. • Designed and developed MIS reports and interacted with senior executives to take prompt remedial action on deviations highlighted by these reports. • Negotiated and structured financial arrangements, resulting in easing more favourable covenant restrictions and simplification of bank borrowing with lower cost. Show less