ACADEMIC QUALIFICATIONS

BCom: University of Mumbai

MBA - Henley Business school London: - Cost & Management Accounts(AICWA)

PROFILE SUMMARY

The expert is a Finance professional with experience in Cashflow & Resource Management, Long Term & Working capital Funding, Factory Controlling &Costing & Budgeting. The expert has worked with Global MNC's, Manufacturing companies, International Trading, EPC, Indian MNC and the B2B/B2C/B2G segments.

CONSULTING EXPERIENCE

2 years

EXPERIENCE HIGHLIGHTS

Canadian and US PE Fund – Portfolio company (Oc t 21 -Sep24 )
A Mid sized manufacturing company in the field of synthetic ropes and Fishing nets serving export customers globally through 5 Manufacturing plants in India. This company was acquired 100% from Promoters with vision to set up a global industry leader through organic and strategic
acquisitions. Was involved in Due Diligence with Big4 and top lawyers evaluating 2 targetted acquisitions. Was eventually appointed as CFO and Company Secretary of this acquired company.
Deals size ~200 MUSD.
• Migrating the company culture from Family run to Global MNC culture
• Setting of Systems and Process towards best Industry standard
• Setting up the local Board, approval, Name changes due to take over.
• Bank limits for working capital, Bank Operations for routines
• FEMA compliances , ECB Returns
• Setting up the reporting system to the holding company under IFRS and IndAS
• Monthly Closing - P&L, Balance, Cashflow Analysis and Reporting
• Statutory Audits, Internal audits and cost Audits – Big 4
• Transfer Pricing study, Benchmarking Reports and Filing – Big 4
• Direct and Indirect Taxation , GST filing, Advance Tax, Annual filings.
• Cost cutting through Lean, EHS, Process Reengineering

CG Power & I n d u s t r i a l S o l u t i o n s (Formerly Crompton Greaves
Limited)From Mar’2013 - March 21 (8 years)
Responsibilities :
❖ Vice President – Business Finance
❖ Reporting to the MD with matrix reporting to Group CFO
❖ Responsible for INR 6000 crores
❖ 20 PLs, 3 BUs 21 factories across India and Europe
❖ Team of 100 with 15 direct professional reportees (CAs, CMAs & MBAs)
❖ Information Intelligence to the Board and Ex-Com
❖ Ensuring Statutory compliance, Processes & Audits of the Units
❖ Risk Assessment and Management of the PLs in the BU
❖ Budgeting & , Control, Cash flow and Rolling forecast
❖ Capex Evaluation and Budgeting
❖ Implementing Transfer Pricing Policies for group transactions
❖ Insurance Claims- Adequacy of Insurance
❖ Responsible for the profitable growth of PLs along with the BU Head
through strategies and direction to the BU
❖ Handling long term Project bases business and commercial contracts, AMCs
❖
Achievements
⮚ Working with Board to onboard a Strategic Investor for 1000 cores.
⮚ Funding and sustaining the Business during Stressed Times
⮚ Putting on track the largest PL on growth path – 800 crore to 1500 crore with MD and Team in 2 Years
⮚ 2% EBITDA growth from 5% to 7% for the BU.
⮚ Setting up of robust process in the organization as a business enabler.
⮚ Building a strong Finance team to support the business.
⮚ Reducing Debtors by 75 crores Annually through Channel Financing scheme

Danfoss (Danish Engineering MNC) - $4 Billion Aug 2000 to Feb 2013 (13 Years)
Responsibilities :
❖ Director Finance 2011 –2013
- Global Sales Division-800m USD - 420 employees- 56Sales companies Globally
- Direct Reporting of Finance managers globally for the PL .
- Coordinating with Regional Heads in APAC, EMEA, LATAM for the KPIs.
- Monitoring and Control of Inventory and Debtors.
- Expenses Control – Fixed and Variable cost.
- Budgeting, Planning and Control for the division.
- Co-ordinating with PL Head/PL Finance for Goal Achievements.
- Implementation if IT and Systems in co-ordination with Process owners.
- Financial consolidation, Reporting & Analysis of performance from Hyperion.
- Working closely with Division President and Factories for profitable growth.
❖ Global Process owner for BI Reporting System 2009 – 2011
- Implementation of BI System across the globe – APAC, EMEA, Americas.
- Training of employees across the globe for BI Competencies.
- Working with Global IT, Business Segments for MIS in BI.
- Implementing Budgeting Process in BI BPC for the group
- Integrating BI Tool HFM for automatic Group Reporting

Asia Pacific Financial controller 2005 -2009
- Direct reporting of 14 APAC Finance Professionals in APAC entities.
- Budgeting, Planning and Control for the APAC Entities.
- APAC Reporting and consolidation in Hyperion system.
- Working with Corporate PL Finance globally for performance evaluation.
- Implementation of corporate systems and process within APAC.
- Implementing Transfer pricing Policies between Global factories and APAC.
- Rollout of SAP template across all 14 APAC entities.
- Implementation of BI system across APAC for Internal Group reporting.
-
❖ Manager Finance and IT for India Operations 2000 to 2005
- Routine Finance & Accounting for THE India Operations.
- Monthly Reporting of Financials and performance to corporate in Denmark.
- Partnering with local Business heads for their performance.
- Budgeting and Control for India performance
- Dealing with Statutory Auditors for Audit and other statutory compliance.
- Maintaining of IT system and ERP for the India Entity with Global IT .
- Forex and Forward cover for routine trade operations.
- Dealing with insurance companies related to employees and Business.
- Implementation of BS7799 IT security in India with Global Risk Team.
❖ Company secretary – 2005 to 2013
- Preparation and Maintenance of Minutes of Board Meeting, AGN
- Maintenance of registers like Shareholders, Directors, Contracts.
- MCA filings Form 32, Director Appointment, resignation, DIN etc.
- Amendments to MOA,AOA, FEMA Applications
- Board resolutions for special requirements
Achievements
- SAP Roll out across APAC
- Business Intelligence rollout globally across the Group
- Reduction of reporting days from Day 6 to Day 0 as APAC Financial Controller.
- Instrumental in reducing inventory & AR days by an average 6 days at APAC level
- Implementation of in-house ERP in India under challenging circumstances.

Seco Tools – Swedish MNC (Sandvik Group ) 1997 – 2000(3 Years)
Responsibilities as Finance and Accounts Manager
- Routine Accounting and Group reporting .
- Implemented ERP - Scala.
- Successful Acquisition of a local manufacturing unit in Pune
- Due Diligence during the Acquisition Process with KPMG
- Arranging and structuring of Fund for the Acquisition
- Sale of Land and Assets Post Acquisition
NRI Trading Companies 1992 – 1997 (5 Years)
Kewalram Chanrai Group - Nigeria.& Kaybee Group- Singapore .
As Finance Manager & Group Internal Auditor responsible for
- Internal Audit of Accounts across major Asian countries.
- Providing Management reports.
- ERP Implementation.
- Streamlining Accounting and Business processes and Management policies.
NOCIL- Hoechst AG JV Manufacturing petro-products. 1989 – 1992 (3 Years)
As Accounts Executive responsible for :
- Product Costing & Variance Analysis
- Factory profit and Loss Account.
- Capital and Investment budgeting.
(Experience as a trainee during the studies 1985 -1989 in HUL, Siemens and
Mukand Iron inmanufacturing set up).

Areas Worked in
● Cashflow & Resource Management
● Long Term & Working capital Funding
● Factory Controlling &Costing & Budgeting

ACADEMICS ● Internal Audit

● SAP/BI – Global Implementation
● Shared Services – Establishment of Captive BP0
MBA - Henley Business school London ● Accounting & Audit – (EY, KPMG, Deloitte)
ACMA - Cost& Management Accounts(AICWA)
ACS - Company Secretary
M.Com - Mumbai University

Contribution to Organization
● Strategic Investor infusion of 1000 Cr
● Negotiating Fund & Non Fund limits 3000 Cr
● Strong Leadership abilities
● Work culture with Trust
● Multi culture Multi National Experience
● Effective communication
● People oriented culture
● Effective Stakeholder management
● Strategic perspective to Business