Bio
Experience
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Head Pricing
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Mar 2013 - Present
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Vice President & Head - Finance
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Oct 2010 - Apr 2012
• Managing Group Accounts and Statutory Audit• Devising and Implementing Budgets and Internal Controls and processes.• Improving Turnaround time of Financial Analysis from 5 to 3 days.• Innovative Financial Structuring for Projects.• Treasury Management.• Project Evaluation and Contract Vetting• Obtaining In Principle Approval for Debt for Wind Projects.
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Sr. Vice President - Finance
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Sep 2007 - Oct 2010
• Pioneered the implementation of Oracle ERP as per OBS guidelines before the defined time.• Monitored preparation of statutory books of accounts, bank reconciliation and consolidated reports in compliance with time & accuracy norms.• Instituted internal control systems viz. Receivables, Payables, Inventory as well as keeping a constant vigil over overhead expenses.• Obtained Zero percentage revenue leakage.• Streamlined the process of inventory, finished goods, spares etc.• Prepared budget from all concerned departments and taken approval from worldwide team and rolling out.• Preparation and monitoring of Budgets and MIS.• Ensuring Audit and Tax compliances in approved time frames.• Payroll Management.• Commercial Management.• Tax Planning in a limited vein.• Distinction of making highest collection in FY 2009 and achieving 110% Of Revenue.• Hands-on exposure in DSO improvement - Internal Quality Project with Cause Analysis. • Curtailed DSO from 150 days to 90 days.• Proposed commercial response TAT from 3 to 1 working day which improved the order conversion ratio from 18% to 32%.• Streamlined the activities of standardization of commercial process and templates; rolling out the company process.• Played a pivotal role in increasing gross margin in the year 2009-2010.• Spearheaded the activities pertaining to warranty to AMC and improvement of AMC gross margin.
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Sr. Vice President
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Jan 2001 - Aug 2007
• Pioneered the implementation of Oracle ERP as per guidelines before the defined time for Order to Bill management.• Monitored preparation of statutory books of accounts, bank reconciliation and consolidated reports in compliance with time & accuracy and accounting standards norms.• Instituted internal control systems viz. Receivables, Payables, Inventory as well as keeping a constant vigil over overhead expenses.• Streamlined the process of inventory, finished goods, spares.• Instrumental role in keeping all overheads under budget except one which was received as non-budgeted. • Decreased the DSO level to 90 days.• Credit Risk Management• Drafting and finalization of Agreements and Contracts with vendors and customers.• Interacted and ensured compliance of all statutory and audit requirements with International auditors during Due Diligence of sale of Enterprise Solutions division to Orange.• Commercial management.• Profitability Management of the Division.• Treasury and Cash flow Management.• Payroll management• Indirect tax optimization.
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General Manager - Finance
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Oct 1998 - Dec 2000
• Defining and implementing processes for management of food inventory.• Implementing processes for Budgets, MIS, and Accounts.• Instrumental in sourcing of Working Capital needs when required.• Instrumental in negotiating Non-compete agreement with overseas JV partners.
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Associate Vice President
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May 1996 - Oct 1998
• Arranging Inter Corporate Deposits of close to Rs. 100 crores in a span of 4 years.• Arranging Working Capital and Term funding of customers and group companies. Managed funds to the extent of Rs. 60 crores.• Managed Interest rate reduction during negotiations with Institutions by 1 % for working capital limits.• Managed Security cover of assets optimally by ensuring gradual release during loan decrement.• Arranging Letter of Credit limits for customers to the extent of Rs70 crores.
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Associate Vice President
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Mar 1994 - May 1996
• Arranging Inter Corporate Deposits of close to Rs. 100 crores in a span of 4 years.• Arranging Working Capital and Term funding of customers and group companies. Managed funds to the extent of Rs. 60 crores.• Managed Interest rate reduction during negotiations with Institutions by 1 % for working capital limits.• Managed Security cover of assets optimally by ensuring gradual release during loan decrement.• Arranging Letter of Credit limits for customers to the extent of Rs70 crores.
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Manager Finance
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Mar 1988 - Feb 1994
• Managing Accounts, Statutory Audit.• Preparation of CMA Data for banks working capital limits.• Preparation of project financials for bulk drug project in Bhopal.• Securing Working Capital sanctions of Rs 10 crores on an ongoing basis.• Obtaining Duty Drawback, CCS limits from banks.• Ensuring Export credit under Bill Discounting within a day.• Managing over the limits amounts with banks and institutions successfully to ensure smooth business operations.• Implementing Accounts systems, process, MIS and Budgets.
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Finance & Accounts
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Jan 1981 - Feb 1987
• In charge Accounts finalization & interaction with Auditors• Monitoring & Implementation of Budgets• Implementing computerization with the aid of consultants.• Actively participated in amalgamation of group companies and ensured that the scheme is through.• Was awarded best performer in Finance department for the year 1985.
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Education
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1972 - 1976R.A.Podar College
Bachelor of Commerce (B.Com.), Accounting and Finance -
1960 - 1972St Michael's High School, mahim
Final CA(Group I)
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