NAGARAJU SUNKU

Chief Financial Officer at Central Parking Services Limited
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Contact Information
us****@****om
(386) 825-5501
Location
Bengaluru, Karnataka, India, IN
Languages
  • English -
  • Telugu -
  • Kannada -

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Experience

    • United Kingdom
    • Appliances, Electrical, and Electronics Manufacturing
    • 1 - 100 Employee
    • Chief Financial Officer
      • Oct 2015 - Present

      • Strategically planning & implementing the systems, policies & procedures to initiate and control finance, projecting towards organizational goals to maximize profitability and generate revenue. • Performing project financial analysis like risk assessment, sensitivity analysis and viability studies, preparing advisory reports on techno, financial and legal aspects. • Monitoring complex projects in the organization and ensuring the smooth execution of the project as per specified standards from Finance prospective. • Ensuring adherence to procedures and policies of the Industry and streamlining various Financial Operations & Analysis with key focus on bottom line profitability. • Looking after operational expenditure/control and responsible for strategically planning & implementing innovative business strategies to initiate finance control. • Strategically planning & implementing the accounting systems, policies & procedures to initiate and control finance, projecting various strategies. • Developing account management policies, ensuring cost effective processing’s to achieve growth in profitability as per the desired standards & quality. • Responsible for analyzing revenues & expenses and recommending corrective actions, as required, for any variations compared to budget. Directing and coordinating company’s financial affairs according to financial principles & government regulations. • Monitoring the division's annual operating budget to ensure that all financial targets, cash flows & projection are in alignment with the business goals & objectives. • Providing insights on future company initiatives which are in-turn used for framing company policies/strategies-cost cutting, planning & development, etc. • Managing complete planning and management activities for ensuring completion of various types of audits within the time and cost parameters. Handling with the several auditors for execution of various statutory, tax, cost & regulatory audits. Show less

    • Retail Apparel and Fashion
    • 1 - 100 Employee
    • General Manager - Finance & Accounts
      • Dec 2010 - Sep 2015

      • Responsible for evaluating financial risk, preparing financial forecasts, financing scenarios and other documents concerning capital management and write reports and recommendations. • Finalized accounts including preparation & finalization of CMA for renewal / fresh Working Capital funds/ Term Loans • Responsible for preparing MIS reports on Financials, Operations, Inventor, Expenses analysis and Debtors Position on Monthly basis. • Studied complex financial information and reports to provide accurate and timely financial recommendations to management for decision making. • Monitored the overall functioning of finance & business processes, identified gaps/risks and implemented adequate measures to improve business performance. • Liaised with management to design & implement cost-effective procedures, ensured that internal controls were effective for reliable financial reporting and cost optimization. Significant Accomplishments • Successfully arranged working Capital loan of Rs.1500 Lacs &Rs. 150 Lacs Term Loans with Bank of India while supervised funds position and coordinated with the Bankers while at Turquoise & Gold Apparels Pvt. Ltd. • Closely monitored the retail out lets - UB City Bangalore, DLF Mall – New Delhi, Mumbai - Bandra & Goa • Prepared the yearly budget in detailed manner at present company. o The Present turnover (Group) for the year 2014-15 is Rs. 80 Crores. o The Projected turnover (Group) for the year 2015-16 is Rs. 95 Crores. • Oversaw the Statutory Remittance and Returns filed on or before due dates. • Follow up getting the VAT refunds. • Price finalization for our retail products. Each order wise Profitability Analysis. Show less

    • India
    • Textile Manufacturing
    • 700 & Above Employee
    • HEAD - FINANCE & ACCOUNTS
      • Nov 2004 - Nov 2010

      • Responsible for handling the Statutory Remittance and Returns such as: o Tax deducted sources/ Tax Collected Sources (Contractors, Rent, Professional, Commission, Salaries and remittance to NRI/S and on sale of scrap). o Service Tax payments – on Commission, Technical Services, and Transportation. o Remittance of PF, ESI, and Professional tax. o TDS/TCS and Service Tax retunes. o Tax Audit o Sales tax returns (VAT & Entry tax returns). • Responsible for handling the Statutory Remittance and Returns such as: o Tax deducted sources/ Tax Collected Sources (Contractors, Rent, Professional, Commission, Salaries and remittance to NRI/S and on sale of scrap). o Service Tax payments – on Commission, Technical Services, and Transportation. o Remittance of PF, ESI, and Professional tax. o TDS/TCS and Service Tax retunes. o Tax Audit o Sales tax returns (VAT & Entry tax returns).

  • www.samilabs.com
    • Bengaluru Area, India
    • Senior Manager - Finance & Accounts
      • Jan 1997 - Nov 2004

      • Oversaw the computation of statement of total income of the company along with Form 3 CA, Form 3CD, 80 HHC Calculations, Unit wise Profit & Loss a/c for EOU Units for claiming U/S 10 B, and Claiming weighted Income tax deduction U/S 35 (2 AB) for Research & Development Expenditure in according compliance with DSIR and IT Acts. • Played a instrumental role in the preparation of: o Financial Follow up reports – FFR I & FFR II to Banks before due date. o CMA for renewal of Working Capital Limits for Associated companies like (Anju Phytochemicals Pvt. Limited), at present Turnover is Rs. 450 Lakhs for the year ended 31st March 2003, Organica aromatics (Bangalore)Private Limited. At present Turnover is Rs. 325 Lakhs for the year ended 31st March 2003). Show less

  • MOORTHY & KANTHAAJ, CA
    • Bengaluru Area, India
    • Audit Manager
      • Feb 1995 - Aug 1996

  • VENUGOPAL & CHENOY, CA
    • Hyderabad Area, India
    • Articleship & Audit Assistant
      • Jun 1989 - Jun 1993

Education

  • Sri Venkateswara University
    Bachelor of Commerce - BCom, 1st Class
    1986 - 1989

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