Profile Summary
Seasoned Finance Leader; Accomplished and results-driven finance professional with over 19 years of strategic experience in corporate finance, accounting, taxation, and risk management; held key roles as CFO & Finance Controller, demonstrating leadership and financial acumen
Financial Decision-Making Expertise; Proven track record of spearheading critical financial decisions through meticulous analysis, projections, planning, budgeting, forecasting, and insightful reporting; proficient at aligning financial strategies with overall business objectives
Profitability Enhancement Specialist; implemented robust financial controls, standard operating procedures, and operational measures to optimize profitability and elevate competitive positioning; continuously driving cost-saving initiatives and revenue-enhancing strategies
Global Accounting Standards Proficiency; expertise in navigating various accounting standards and regulations, including Local GAAP, IFRS, and USGAAP, ensuring compliance and accuracy in financial reporting
Capital Raising Mastermind; demonstrated success in raising funds through diverse channels, including Private Equity, bank overdrafts, business loans, term loans, and cash credit facilities, fueling business growth and expansion
Taxation and Compliance Virtuoso; deep understanding of tax planning, compliance, and management, ensuring adherence to regulatory laws in Tanzania, Kenya and Gulf (VAT and CT Law)
Strategic Valuation and Performance Measurement; familiarity with Business Valuation Methods (WACC, DCF), Balanced Scorecard (BSC), and Economic Value Added (EVA) statement preparations, facilitating strategic evaluation and enhanced financial performance
Multifaceted Industry Expertise: demonstrated versatility in managing financial operations across diverse industries, including equipment manufacturing, biopharmaceuticals, pharmaceuticals, film/camera manufacturing, and tires and RIMS manufacturing
Transformational Leadership; led financial operations for a mining and fertilizer manufacturing company with a US$30 million turnover, providing invaluable insights to top management and the Board of Directors, while implementing cost-saving measures and strengthening internal controls
Valuable exposure of working with company headquartered in Dubai with fair knowledge of VAT and Corporate Law compliance in the region
Key Accomplishments
Subsidy Reimbursement Excellence; spearheaded a streamlined subsidy process, securing government subsidies totaling US$ 8 million (TZS 19 billion), optimizing financial gains for the organization
Capital Funding Mastery; successfully negotiated and secured asset leasing finance of US$ 3 million (TZS 7 billion) from a prominent bank, strategically funding vital capital expenditures (Capex) for the company
Pioneering Month-End Efficiency; accelerated month-end closing procedures, ensuring precise and timely financial reports for operational entities and capital projects within a record-breaking five working days
Remarkable EBITDA Turnaround; engineered a historic turnaround, achieving a positive EBITDA of US$ 1 million (INR 80 million) at De Dietrich, a landmark achievement in the company's 12-year history
Exemplary Fundraising Acumen; demonstrated exceptional fundraising prowess by securing US$ 6.25 million (INR 500 million) in private equity funds and securing an additional US$ 5 million (INR 400 million) through grants and loans from esteemed banks and government agencies
Core Competencies
Extra-Curricular Activities
Recipient of Debate, Elocution, and Essay Writing Competitions at School and College level
Winner of the "Mahindra Search for Talent Scholarship" twice at St. Xavier's College
Soft Skills
Professional Experience
Chief Financial Officer - Minjingu Mines & Fertilizer Limited, Tanzania, East Africa (Jan '23 - Present)
Turnover Size managed: US$30 M
Key Result Areas:
Collaborating with the CEO and MD to develop and implement comprehensive financial strategies to drive sustainable growth
Conducting in-depth variance analysis, consolidate budgets, and present monthly performance reports to the leadership team and the Board of Directors
Preparing accurate standalone and consolidated financial reports, MIS, and offer valuable business performance insights with actionable recommendations
Championing annual budgeting and cost-saving initiatives, working closely with department heads to achieve financial targets
Overseeing working capital, cash flow, and daily banking activities, ensuring financial stability and compliance with tax laws for Tanzania and Kenya
Implementing SOPs and enhance internal controls to optimize operational efficiency and transparency
Evaluate capex proposals and monitor implementation progress for expansion projects
Previous Experience
Chief Financial Officer - De Dietrich Process Systems India Private Limited (Sep '21 – Dec '22)
Turnover Size managed: US$ 7.4 million (INR 590 million)
Finance Controller - Epygen Biotech Private Limited (Sep '18 – Sep '21)
Turnover Size managed: US$ 5.6 million (INR 450 million)
Sr. Manager (Finance & Accounts) - Wanbury Ltd. (Nov '15 – Sep '18)
Turnover Size managed: US$ 66.7 million (INR 5,333 million)
Sr. Manager (Accounts & Taxation) - KODAK India Ltd. (Aug '13 – Oct '15)
Turnover Size managed: US$ 11.9 million (INR 950 million)
CFO India - Stamford Tyres India Ltd., Mumbai (Feb '09 – Jul '13)
Turnover Size managed: US$ 6.9 million (INR 550 million)
Education & Certifications
Chartered Accountants (CA) from the Institute of Chartered Accountants of India (ICAI India) – 2004 (First attempt)
Certified Public Accountants (CPA India) - 2012 (First attempt)
Chartered Institute of Management Accountant (CIMA) - Advanced Diploma in Management Accountant (MA) - 2016
ACCA from the Association of Chartered Certified Accountants (ACCA UK) - 2023
Master of Commerce (MCOM) from Mumbai University – 2003
Bachelor of Commerce (BCOM) from St. Xavier's College, Mumbai, India – 1999
IT Skills & Certifications
MS Advanced Power BI, Advanced Excel, and PPT
Microsoft Office 365/ Finance Modelling Techniques;
Advanced Structured Query Language (SQL)
Microsoft Dynamic ERP Navision
UAE Corporate Tax Law Certification by Udemy Advanced Tableau, Chat GPT, AI Tools
SAP FI/CO, ERP
Tally ERP, Prime and SharePoint
Lean Six Sigma and DMAIC Technique
UAE VAT Law Certification - Principles and Application - Udemy