PROFILE
A finance professional with over 2 decades of comprehensive experience in Corporate Finance & Accounting, Strategic Planning, Product Costing, Taxation, Project Management, Internal Controls & SOP, Budgeting & Forecasting, Cash Flow Management.
Role- Business Finance, Commercial Operations, Budgeting, MIS Reporting, Audit & Internal Control, Corporate Finance & Accounting.
Industries Worked – FMCD (Consumer Durables), Retail, Hospitality (Food & Beverage) & Manufacturing (Metal – Aluminium & Aluminium Foil and Chemical)
KEY ACHIEVEMENTS
LSKB ALUMINIUM FOILS PRIVATE LIMITED (2020 – 2021)
- Played pivotal role in arranging for INR1650 M Foreign CAPEX funding and INR 700 M Crores Domestic CAPEX and WC Funding.
KAPCO & ALUMILLS (2015 – 2019)
- Executed Risk Assessment process.
- Zero Based Budgeting.
- Accounting and MIS Automation by integrating different software systems.
- Achieved overall cost reduction of 7.5% by developing alternative supply options and 3% by re-modelling supply chain model.
- Directed first time adoption of IFRS. (Alumill)
- Led De-merger and Acquisition Strategy for KAPCO and Fund Raising through PE in Irish House. (2019).
RELIANCE RETAIL LIMITED (2010 – 2015)
- Commercial lead for SAP overhauling project which successfully resulted into
Accounting, Operational Processes & MIS automation in SAP FICO / CRM / DSS & SAP BI at Reliance Retail Ltd.
- Successfully rolled-out new SOPs to cater growing business needs with 1300+ stores & 65 Service Franchises, as against 27 stores & 12 Service Franchises opened during Jun-2006 - Apr-2011.
- Member of SAP CRM 7.0 Version Implementation team since inception to the final implementation.
- Introduced Insurance Cover for Service AMC product to cover company from incurring any losses in providing services.
IFB INDUSTRIES LIMITED (2005 – 2010)
- Accomplished Sales Tax Assessment for FY 2000 – 01 to 2004 – 05. VAT & Service Tax Audit for FY 2005 – 06 to 2009 – 10.
- SAD Refund of INR 25 M.
- Abridged working capital cycle from 60 days to 35 days by restructuring discount policy.
PROFESSIONAL EXPERIENCES
Sagar Life Sciences Pvt Ltd.. Sept, 2021 – Till Date
Finance Controller | Reporting to Managing Director
The Group consists of 4 Closely Held companies which are into – Specialty Chemicals (2), Fashion Retail (1) & Electric Vehicle (1), having current Turn Over of INR 205 Cr
• Piloting the entire gamut of Financial & Accounts function including Financial Planning & Implementation, Cash Flow Management, Budgeting, Forecasting, Finalization of Accounts, Taxation, MIS, and Variance analysis.
• Consolidating the Group finance activity – Export / Import Finance arrangements, Fund raising through Bank & PE.
• Delivering financial & analytical support to all levels of management; administering Working Capital management, preparation of various business models & plans with Financial Reporting.
• Structured Annual Operational Budget and implemented control measures to contain expenses within defined limits.
• Implemented formal system of Product Costing, Value Chain Analysis and Pricing Policy through ERP.
• Cash Flow management for each Company and at Group Level.
• Stakeholder relationship management.
• Implementation of ERP System for the Group – Customized Tally & Logic.
LSKB Aluminium Foils Pvt. Ltd. Aug, 2019 – July, 2021
Senior Manager Finance | Reporting to COO & Managing Directors
• Played pivotal role in arranging Overseas CAPEX funding of INR1650 M and Domestic CAPEX + WC Funding of INR 1100 M.
• End to end management of Foreign purchases (CAPEX & Metal) from Negotiation, PO Creation to Customs Clearance and logistics up to Factory.
• Supervised and monitored entire Project Finance, beside designing and implementation of Commercial & Accounting Processes.
• Project progress monitoring in liaison with COO & submitting periodic Cost MIS to Board of Directors highlighting Project Completion, Cost Savings, Cost Escalation, area of deviation etc.
• Implementation of ERP system - production control, Quality, Product Costing, Accounting Automation and Periodic MIS to management - implemented fully automated ERP system for P2P, R2R, and Accounting up to finalisation of Balance Sheet, Daily - Monthly - Quarterly - Annual MIS with Business Analytics.
• Product costing, Value Chain Analysis and Price Flow Chart for Consumer Products.
KAPCO Banquets & Catering Pvt. Ltd. July, 2016 – May, 2019
General Manager Finance | Reporting to Managing Directors
• Overally responsible for strategizing Finance & Accounting operations with exposure in terms of incorporating companies and raising funds in
• domestic market with an Annual Turnover of INR 750 M.
• Oversaw Process improvement and KPI’s management. Created region-wise finance, pricing and analytics group by strategic recruitment and development of skilled & high performance resources.
• Partnered with various business unit heads to provide analytical decision making support and recommending and implementing improvements to profitability and operational efficiency.
• Administered industry research & networking, coordinated with individual engagement teams and ensuring successful delivery of customer deliverables.
• Structured Annual Operational Budget and implemented control measures to contain expenses within defined limits.
• Lead a reengineering of accounting procedures, aligned to global accounting standards while responsible for group reporting tool, building up historical financial information.
• Maintained seamless coordination with the Lead Bankers and external advisors & consultants.
Alumill Tech Gulf LLC, UAE April, 2015 – June, 2016
Manager Finance | Reporting to Group CFO
• Steered entire Management & Cost Accounting, Budgeting & Forecasting, Cash Flow Management, Treasury & Finance with Annual Turnover of INR 200 Crores
• Responsible for daily Accounting, Budgeting, Fund Management, Working Capital Management, Audits, Taxation, Costing & Product Pricing, Statutory Liaison, Bank Reconciliation, Credit Management of the company.
• Management Reporting and MIS: Monthly preparation of financial reports, cost reports and financial forecasts, Product wise realization & contribution analysis, overall profitability analysis, etc. to aid strategic decision making.
• Streamlining the financial processes in coordination with IT; automation of multiple processes being introduced.
Reliance Retail Limited Nov, 2010 – April, 2015
Chief Manager Finance & Commercial | Reporting to AVP Finance
• Spearheaded entire Business Finance, Commercial, Accounting, Budgeting, Taxation, MIS, & IT Infrastructure for Reliance Digital Format Pan India Operations; business worth INR 1800 Cr. with 1300 stores 65 Franchisee Pan India.
• Financial Planning & Analysis – Estimating risks & opportunities, business forecasting, preparing budgets, variance analysis & conducting P&L & Scenario Analysis.
• Complete Management Accounting function, ensuring the completion of all Statutory Audits, Internal Audits, Taxation (VAT, Service Tax, TDS & Income Tax matters), preparation of Periodical Financial Statements.
• Management MIS Reporting – Sales & Profitability MIS reporting for Channels, Regions, SKU wise, CEO Report - comprising P&L Analytics, Trend Analysis, Variance Analysis & Cost and Productivity Improvement.
• Led IT Automation Projects in Financial Reporting through SAP R/3 & CRM.
• Member of Business Strategy Team for establishing and monitoring PAN India Service Network, feasibility study of prospective Franchisees, recommendation for appointments, post appointment monitoring and control.
IFB Industries Limited (Home Appliances Division) May, 2005 – Nov, 2010
Assistant Manager Finance | Reporting to Regional Commercial Head
• Managed the entire Branch Finance, Commercial, Accounting, Taxation & Statutory Compliance activities for INR 450 Cr business.
• Strategic Decision Making : Finance and Working Capital Management; Forecasting, Review and adherence of Credit Policy / Credit Control, Value Chain Analysis & Dealer / Retailer discount Strategy.
• Preparation and review of Periodic Budgets, Rolling Forecasts, Annual Business Plan, Variance Analysis, Budget Reviews. Initiated Budgetary Control Procedures to ensure Actual performance is in line with Budget.
• Preparing Monthly and Quarterly financial results, MIS Reports. Evaluating internal control and risk assessment to find or prevent frauds, misuse or wastage, Fiscal Compliances.
• Represented IFB in Legal Matters at High Court and Lower Courts in liaison with internal Legal Team and Advocates.
• Member SAP Implementation team; played crucial role in setting systems and processes related to IT Automation.
• Maheshwari & Associates, Chartered Accountants – Sept, 1995 to Aug, 1998 – CA Article Ship; Feb, 2000 to Feb, 2005 – Sr. Executive - Audit
EDUCATION
CMA (ICWA) - Institute of Cost Accountants of India
CA Final Group I - Institute of Chartered Accountants of India
Master of Commerce (M.Com) - University of Calcutta
Adv. Diploma in Management Accounting - Chartered Institute of Management Accountants, UK