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Parmanand Katla

Candidate ID: 59187

Career Summary

Chartered Accountant with 15 years work experience in Finance/Accounts/Audit/Tax/ CS/functional areas. Experienced Financial Controller with a demonstrated history of working in Sectors - Manufacturing, Retail Trading, Automobile, Production.

Skill Set

Accounting, Audit, Finance, MIS, Analyst

Professional Information

Total Experience : 15

Nationality : India

Qualification Level : CA / CS / CFA / All Professional Finance Degrees

Job Function : Accounts / Tax / CS / Audit / Finance

Work Location Preference : Kuwait, Bahrain, Oman, Saudi Arabia, Qatar, UAE

Detailed Profile

+263 771563035,


• Owning responsibilities with every assignment.
• Planning and organisational skills.
• Action oriented high initiative level.
• Ability to handle multiple tasks.
• Strong communication and interpersonal skills.
• Able to take constructive criticism well.


Financial Planning, Budgeting and Management Support:
• Convene monthly Board meetings, with all analysis of monthly reports, budgets and discuss immediate future course of actions.
• Analysed costing of steel rebars products.
• Recommend / advise suitable actions to management on various current changes in government policies, labour laws and incidental issues affecting Company affairs and operations.
• Validate business plans to maximise profitability and generate revenue in line with corporate goals.

Accounting, Auditing & Taxation:
• Analysing the expenditures on a monthly basis to control/minimise expenses.
• Coordinated in complete planning, management and auditing activities to ensure completion of internal and statutory audits within time.
• Prepared tax plans and ensured timely assessment and filing of direct & indirect tax returns.
• Appeared to Govt. offices to meet legal requirements and yearly tax clearances.

Funds Management:
• Implemented and maintained best control practices for cash flow.
• Managed offshore payments in controlled forex environment through approved Regulatory channels.
• Administered treasury functions including Debt servicing, optimum utilization of surplus funds, management of funds and securities to ensure pay In/out of funds in time without fail.
• Developed good working relationship with bankers for smooth functioning of business.

Administrative Functions:
• Manage routine tasks of approving administrative expenses and manage staff issues.
• Timely review for personnel requirements and initiate for recruitment process.
• Managed payroll functions and timely payment of staff salaries and statutory tax payments.
• Ensured complete insurance cover of business areas and its assets.
• Lodged claim requests with insurance companies and followup for early settlements

Receivable, Payable and Stock Management:
• Followed up bills receivables, conducted ageing analysis with an aim to keep receivables under control.
• Ensured timely payments to suppliers and managing accounts payable.
• Ensured monthly stock take and check for any variances. Conduct meeting to discuss on issues affecting stock levels, reordering, storage and variances.
• Prepared monthly stock ageing analysis for further discussion with management.


Since Jan’19
A Lucky Brand (Group of Companies)- Zimbabwe as Finance Head
(Comprises of 3 Businesses: (a) Steel manufacturing (b)Trading in generators, solar, mining & agricultural equipment’s & pumps (c) Trading in paper products)

• Implemented financial accounting structure across all group companies
• Developed costing method for Rebars manufactured (steel product) to assist the management in achieving the target revenue and profitability
• Maintained control on group business cash flows and implemented a system of recording transactions and reporting.
• Within economy inflationary issues in Zimbabwe, monthly presentation of financial reports in USD terms across group businesses
• Dealing with Bankers for offshore payment allocation in controlled forex environment
• Banking facilities arranged and negotiated for lower rate of charges on conversion of currency for forex payments
• Recruited and trained the accounts staff, to ensure complete accounting and generation of reports
• Implemented raw materials and finished goods stock monitoring controls

Mar’18 to Jan’19
CFAO Group (France based MNC) - Zimbabwe as Chief Financial Officer & Administrative Head) (Automobile Business – Vehicle Sales and Workshop operations)
• Managed to externalise payments to reduce old legacy Debt in a controlled forex situation
• Implemented costing & pricing of spare parts stocks to achieve maximum profitability. (GP increased from 45% to 60%)
• Managed to create advance balance with foreign supplier for future parts procurement in times of forex shortages
• Achieved profitability against budgeted loss for the year
• Prepared and presented annual budgets

Aug’16 to Feb’18
EXPORT TRADING GROUP – Zimbabwe as Country Financial Controller & Administrative head (Trading in Agricultural Commodities, Fertilizers and Agro Chemicals)
• Consolidation of accounts of group entities in Zimbabwe and reporting to top management
• Handled in externalization of funds in cash crisis situation through regulatory channels
• Achieved cost reductions in operations with close monitoring to each aspect of expenses
• Implemented fair expense allocation methods for Direct / Indirect costs to each vertical business

May’14 to Jul’16
CASH ‘N’ CARRY (NIGERIA) LIMITED - Lagos, Nigeria (As Financial Controller)
(Retail Chain – Company – Trading in Electronics, Household items and readymade Garments)

• Implemented cash flow system for daily cash deposit to bank account’s for all the 14 outlets
• Achieved 100 percent claims recovery on losses covered under insurance
• Implemented and maintained financial accounting structure

Jan’13 to Apr’14
Reliance Power Limited, Mumbai-India (As Assistant Manager - Accounts & Finance)
(Assigned for its SPV –Sasan Power Limited, 3960 MW, Coal integrated Power Project located at Singrauli, Madhya Pradesh, India)

Apr’09 to Dec’12
Chaturvedi & Shah, Chartered Accountants, Mumbai-India (As Assistant Manager-Audit)
Worked for Client - Reliance Power Limited & its Subsidiaries

• Well versed with the working knowledge of ERP Software – Pastel, SAP, Tally, Microsoft Dynamics, Microsoft Navision, advanced skills in MS Office – Word, Excel.

• CA Articleship training (Feb’ 06 to Mar’ 09)

• Chartered Accountancy, from ICAI in 2008
• Company Secretary, Intermediary from ICSI in 2007
• Master of Commerce, from Mumbai University in 2007
• Bachelor of Commerce, from Mumbai University in 2004

• Date of Birth : December 27, 1983
• Language’s known : English, Hindi & Telugu
• Residence address : Harare, Zimbabwe
• Permanent address : Mumbai, India