Experience

BS Limited

• India
• Utilities
• 100 - 200 Employee

• Head Finance

  • Sep 2011 - Present

  BS Ltd is diversified in Manufacturing of Telecom and Power Transmission Towers, EPC/Turnkey in Transmission of Power and Trading of Minerals and Metals in India, Singapore, Dubai, Indonesia, China and other countries. BS Ltd, is a flagship Indian listed company has two 100% subsidiary companies in Singapore & Dubai and around 23 Associate companies/Partnership Firms and SPVs. Group Turnover was more than Rs.4300 Cr (as per FY 16 Audited) with multinational operations in India, Singapore, Dubai, Indonesia and China etc., BS Ltd has 3 manufacturing facilities of 240000 MTPA capacity of Steel Rolling Mill, 2000 varieties of Tower parts manufacturing and galvanizing facilities in 100 acres near Hyderabad. I joined on 7th Sep 2011 and headed total Finance, Banking functions and Independently Credit facilities raised to the tune of Rs.4500 Cr (USD 660 million) with reduction in the ROI, commissions, etc., to the extent of Rs.100 Cr (USD 15 million), increased liquidity with reduction of margin on Non Fund based facilities. Many types of credit facilities for Capex such as Term Loans, Corporate Loans, Loan against Shares & Property, ECBs & Project Funding and working capital purposes- Fund & Non Fund based- LC/BG/Drs Factoring/ Trading limits etc., for Parent and Subsidiary companies(SBLC/FBG/LC/Corporate guarantee) Globally from Banks/PE players/through IPO on multiple as well as consortium lending. Taken complete responsibility and used Experience in developing Financial Models, Information Memorandum, Business Plans, CMAs, dealing with TEV Reports, Lenders Independent Engineers Reports, Legal Advisors, Valuers, Auditors including Big 4, Bankers, PE Players, Merchant Bankers, Due diligence teams, Strategic Investors, Bankers, FIs, External Credit Rating Agencies, Day to day Treasury Management, Project management etc., My Experience in Mergers & Acquisitions, New business proposals, finalization, Tax Planning, Secretarial functions, etc., given in My CV in detail. Show less



SHIVSHAKTHI GROUP OF COMPANIES

• Hyderabad Area, India

• HEAD FINANCE, ACCOUNTS, TAXATION AND COMPANY SECRETARY

  • Oct 2008 - Sep 2011

  SIVASHAKHTI GROUP HAS 12 GROUP COMPANIES AND 2 FIRMS IN 15 STATES IN INDIA AND NEPAL. IN THIS GROUP 1 REAL-ESTATE COMPANY, 1 INFRASTRUCTURE COMPANY, 3 BIO PLANTTEC COMPANIES, 5 FERTILIZER COMPANIES, 1 HOME APPLIANCES AND 1 SPINTEC COMPANY. GROUP TURNOVER IS RS.350CR (USD 70 MILLION). I JOINED IN OCT 2008 AND HEADED FOR ALL ASPECTS OF FINANCE, TAXATION, ACCOUNTING, COST CONTROL, IMPLEMENTATION OF I/CS, COMPANY SECRETARIAL COMPLIANCE ETC., • MANY INTERNAL CONTROL SYSTEMS REGARDING CASH COLLECTION AND DEPOSIT, PAYMENT OF TDS, VAT/CST/PF,PT, INCOME TAX, EXCISE, CUSTOMS, ADMIN EXPENSES, ETC, HAS BEEN REVIEWED AND SHOWN BETTER ANNUAL SAVINGS. • 2 NEW PRODUCTION TAX BENEFITS U/S80IC, 1 NEW PRODUCTION UNIT U/S80JJA A • 1 NEW PRODUCTION UNIT AT NEPAL PLANNED AND ESTABLISHED WHICH RESULTED GOOD TAX BENEFITS. • COMPLETION OF ASSESSMENTS UNDER INCOME TAX ACT, VAT & CST, SERVICE TAX AND PF WITH NOMINAL EXPENSES. COMPLETION OF SCRUTINIZE FROM IT AND RAIDING FROM CENTRAL EXCISE WITH NOMINAL EXPENSES. OTHERWISE HUGE DEMANDS ARISE. • ADVICED ON PRODUCT AND MIX CHANGE RESULTED HUGE CONTRIBUTION INCREASE • INDEPENDENTLY LOANS RAISED WITH LOWER COST AND INTRODUCED MANY NEW PRODUCTS OF BANKS TO REDUCE COST • PREPARATION OF THE COMPANY FOR IPO & PE PURPOSE. • FEASIBILITY AND VIABILITY STUDY OF THE VARIOUS BUSINESS OPPORTUNITIES • FINALIZATION OF ACCOUNTS IN ACCORDANCE WITH APPLICABLE INDIAN GAAP AND PREPARING FOR IMPLEMENTATION OF IFRS. • INTRODUCTION OF ERP, BUDGETING, FORECASTING, DEALERSHIP CONCEPT, SEED BUSINESS, MIS ETC., Show less