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Prajakt Ginde is a seasoned procurement professional with over 10 years of experience in financial oversight, cost analysis, and investment decision-making. He holds a Post Graduate Diploma in International Business and a Bachelor of Engineering in Mechanical Engineering. Prajakt has worked with top companies including Nayara Energy, Sandvik, and Seco Tools Sandvik Group, and has expertise in financial reporting, internal controls, and compliance.

Experience

    • India
    • Oil and Gas
    • 700 & Above Employee
    • Lead Investment Governance And Cost Controller
      • Jun 2023 - Present

      • Implementing Investment Governance (IG) Framework; Analyzing investment proposals (both Capex and related to Capex).• Investment Oversight and Reporting:• Financial Oversight for Procurement: Oversee financial transactions related to procurement, including purchase orders, vendor payments, and cost tracking.• Budgeting and Forecasting: Collaborate with procurement teams to create and manage budgets for sourcing, purchasing, and supplier relationships.• Cost Analysis: Analyze costs associated with procurement activities, identify cost-saving opportunities, and recommend strategies for efficiency.• Investment Decisions: Assist in making informed investment decisions.• Transformation: Business transformation initiatives must be compliant to achieve sustainable results. Accelerate compliance efforts by utilizing performance dashboards and a tech-driven approach, which enhances visibility and decision-making.• Business Partnering: Collaborate with cross-functional business teams to offer expert insights when developing sourcing strategies, negotiating techniques, and analytical approaches• Risk Management: Assess financial risks related to procurement decisions and implement risk mitigation measures.• Financial Reporting and Internal Controls: Prepare accurate financial reports related to procurement expenses, inventory, and supplier performance. Maintain suitable internal controls for complete, accurate, and timely financial reporting.• Compliance and Policies: Ensure compliance with financial regulations, internal policies, and procurement guidelines.• Strategic Collaboration: Work closely with procurement managers, supply chain teams, and senior leadership to align financial goals with procurement strategies.• Responsible for leading and managing the operations of the Procurement Compliance Commission.• Supervising Tendering & Bidding Processes• Financial Concurrence and Policy Recommendations

    • Joint General Manager, Controller Over Procurement & Contracts
      • Sep 2018 - Jun 2023

      •Control over Procurement, leading and managing the functioning of Procurement Compliance Commission (PCC) by providing specialized services including analytical and / or advisory in nature for all Procurement & non-Procurement transactions•Governance & Controls over Procurement function, setting the control framework along with procedures from Source to Pay within broad policies and principles• Financial Oversight for Procurement: Oversee financial transactions related to procurement, including purchase orders, vendor payments, and cost tracking.• Budgeting and Forecasting: Collaborate with procurement teams to create and manage budgets for sourcing, purchasing, and supplier relationships.• Cost Analysis: Analyze costs associated with procurement activities, identify cost-saving opportunities, and recommend strategies for efficiency.• Investment Decisions: Assist in making informed investment decisions.• Transformation: Business transformation initiatives must be compliant to achieve sustainable results. Accelerate compliance efforts by utilizing performance dashboards and a tech-driven approach, which enhances visibility and decision-making. • Business Partnering: Collaborate with cross-functional business teams to offer expert insights when developing sourcing strategies, negotiating techniques, and analytical approaches• Risk Management: Assess financial risks related to procurement decisions and implement risk mitigation measures.• Financial Reporting and Internal Controls: Prepare accurate financial reports related to procurement expenses, inventory, and supplier performance. Maintain suitable internal controls for complete, accurate, and timely financial reporting.• Compliance and Policies: Ensure compliance with financial regulations, internal policies, and procurement guidelines.

  • Sandvik
    • Pune Area, India
    • Business Controller Procurement
      • Jun 2012 - Aug 2018
      • Pune Area, India

      • Financial Oversight for Procurement: Oversee financial transactions related to procurement, including purchase orders, vendor payments, and cost tracking.• Budgeting and Forecasting: Collaborate with procurement teams to create and manage budgets for sourcing, purchasing, and supplier relationships.• Cost Analysis: Analyze costs associated with procurement activities, identify cost-saving opportunities, and recommend strategies for efficiency.• Investment Decisions: Assist in making informed investment decisions.• Transformation: Business transformation initiatives must be compliant to achieve sustainable results. Accelerate compliance efforts by utilizing performance dashboards and a tech-driven approach, which enhances visibility and decision-making. • Business Partnering: Collaborate with cross-functional business teams to offer expert insights when developing sourcing strategies, negotiating techniques, and analytical approaches• Risk Management: Assess financial risks related to procurement decisions and implement risk mitigation measures.• Financial Reporting and Internal Controls: Prepare accurate financial reports related to procurement expenses, inventory, and supplier performance. Maintain suitable internal controls for complete, accurate, and timely financial reporting.• Compliance and Policies: Ensure compliance with financial regulations, internal policies, and procurement guidelines.

    • Business Controller Purchase
      • Apr 2011 - May 2012
      • Pune Area, India

      • Financial Oversight for Procurement: Oversee financial transactions related to procurement, including purchase orders, vendor payments, and cost tracking.• Budgeting and Forecasting: Collaborate with procurement teams to create and manage budgets for sourcing, purchasing, and supplier relationships.• Cost Analysis: Analyze costs associated with procurement activities, identify cost-saving opportunities, and recommend strategies for efficiency.• Investment Decisions: Assist in making informed investment decisions.• Transformation: Business transformation initiatives must be compliant to achieve sustainable results. Accelerate compliance efforts by utilizing performance dashboards and a tech-driven approach, which enhances visibility and decision-making. • Business Partnering: Collaborate with cross-functional business teams to offer expert insights when developing sourcing strategies, negotiating techniques, and analytical approaches• Risk Management: Assess financial risks related to procurement decisions and implement risk mitigation measures.• Financial Reporting and Internal Controls: Prepare accurate financial reports related to procurement expenses, inventory, and supplier performance. Maintain suitable internal controls for complete, accurate, and timely financial reporting.• Compliance and Policies: Ensure compliance with financial regulations, internal policies, and procurement guidelines.

    • Manager Sales & Marketing EMS
      • Jul 2009 - Feb 2010
      • Pune Area, India

      Strategic Business Development for Equipment Manufacturing Solutions

    • Manager Sales & Business Development
      • Oct 2006 - Apr 2009
      • Pune Area, India

      Strategic Business Development for Industrial & Automotive Cleaning Business

    • Assistant Management Executive Sales & Service
      • Apr 2005 - Sep 2006
      • Pune Area, India

      Strategic Business Development for Combustion, Furnace & Foundry equipment's business

    • Marketing Engineer
      • Nov 2001 - Mar 2005
      • Pune Area, India

      Strategic Business Development, production, marketing, sales, and after-sales of construction equipment

Education

  • 2023 - 2024
    GFMB@S P Jain School of Global Management
    Executive Education, Emerging Leaders Program
  • 2008 - 2010
    Institute of Cost and Works Accountants of India - ICWAI
    Associate Cost Management Accountant, Cost & Management Accounting
  • 2005 - 2006
    Symbiosis Institute of International Business
    Post Graduate Diploma, International Business
  • 1997 - 2001
    Karnataka University, Dharwad
    Bachelor Of Engineering, Mechanical

Suggested Services

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Industry Focus. “Oil and Gas”

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