Vice President Finance
Confidential
Total years of experience :38 years, 9 Months
Managing Finance, Accounts, costing, commercial areas of seven
Mfg. Plants and Research centre
Looking after Finance, Accounts, costing, Commercial, Taxation of Pharmaceuticals manufacturing plants in India
Current Job Profile
➢ Overall supervision & Monitoring of Accounts of the Company.
➢ Finalisation of Monthly / Quarterly / Annual Accounts of the Company and other subsidiaries / associated Companies / Joint Ventures. /Establishing Accounting Policies and Procedures and ensuring implementation. / Setting up of Internal Audit system, conducting audit through agencies and ensuring compliance.
➢ Review and analysis of Project wise Cost Centre reports
➢ Dealing with the Banks and NBFCs for arranging working capital, Term loans, Lease finance etc.
➢ Overseeing various legal and secretarial matters related to Company Law, SEBI, Economic laws etc.
➢ Looking after all indirect taxes such as VAT, Service Tax etc. and ensuring compliance in more than 14 States. Also dealing with assessments, litigations, appeals etc.
➢ Handling of Corporate Income Tax such as finalisation of IT Returns, assessments, appeals etc.
➢ Providing Training & guidance on all indirect tax related issues to Tendering Dept and Execution Dept.
➢ Structuring of Joint Ventures, Drafting of JV Agreements to achieve better operational & financial leverage.
➢ Review of Tender cost estimates, implication of commercial terms and taxes and providing necessary guidelines for competitive bids.
✓ Designing and implementation of Cash flow management system for better co-ordination amongst Sites, Regions and Head office.
✓ Significant cost saving through VAT / Works Contract Tax planning.
✓ Played lead role in designing and implementation of in house developed Integrated Project Management System - most effective tool for the management to review and control operations of the organisation.
complete integration of the HR module with Financial accounting for better monitoring & control.
✓ Developed and implemented Risk Management Policy and Procedures comprising all operational areas.
✓ Designing and implementation of Fixed Assets Module and integration with Financial Accounting System.
Name of Organization Nature of Business of the Organisation Designation Period
Leading Public Limited Company engaged in Construction industry
Civil engineering and contracting Company having presence across India and Turnover of more than INR 2600 Crores (INR 26 Billion) and engaged in construction of Factories, Buildings, Highways, Metro Stations, Flyovers, Power plants, Urban infrastructure etc.
Joined as AGM - A/cs and worked as CFO from 2005 - 2011. Currently designated as Vice President & Company Secretary
Worked as Senior Manager - Finance and Costing at Yokogawa India Ltd. (Formerly named as Yokogawa Blue Star India Ltd. Bangalore based MNC engaged in manufacturing of process control instruments and distributed control system.
Provided commercial support to the operation team for costing, taxation and accounting for execution of EPC project at IOCL - Mathura Refinery project.
Job Profile in Fisher-Rosemount (India) Ltd.
* Set-up manual Costing system to ascertain Actual direct cost of the products (more than 2000 models) and generating Price-Volume Contribution Analysis Report.
* Preparation of Budgets and Variance analysis.
* Designed Accounting code structure to meet requirements of Internal Reporting as well as Foreign Collaborators.
* Turnkey Projects - Quotation audit / Indirect tax planning / Compliance with legal requirements / Material movement logistics.
* Training to Marketing / Procurement Dept. on Sales Tax, Excise, Works Contract Tax, Labour Laws and other Commercial terms.
* Handling of complete Accounts of Factory, consolidation up to finalisation and audit.
* Introduced new method of MODVAT Accounting.
* Designed and implemented system and procedures for Inventory management and control.
Received promotion 6 times in 10 years.
Received Award for Best performance in setting up of Costing System for multi division / multi product MNC.
* Played role of core team member for in-house design and implementation of ERP system by Arthur Anderson & Co. during 1991-1993. Set up Product Costing system to derive standard cost, actual cost and variance analysis.
* Monitoring Fund based and Non fund based working capital limits and compliance with various requirements of banks.
* Handling of Excise, Sales Tax, Works Contract related matters and assessment.
* Preparation and Evaluation of proposals involving major Capital expenditures and recurring expenses, Indigenisation of products.
* Developed in MS Excel 'Six Monthly Rolling plan' covering all operational areas to ensure effective working capital management & cash flows.
* Review and analysis of all key MIS reports and providing key inputs to the senior management.
* Conversion of Accounting system from COBOL to ORACLE based
* Received a 'Certificate of Honour' for excellent contribution to the company in the area of costing.
* Started career as Costing Assistant at the factory. Achieved major career growth through Six promotions in tenure of ten years. At the time of leaving organisation, I was reporting to Managing Director, VP - Finance and VP-Operations at the Corporate office
Worked as an auditor in Amal Datt & Associates
Ahmedabad based Firm of Practicing Chartered Accountant and Management Consultant engaged in conducting audit of private & government companies and providing management consultancy services
Conducted internal / statutory / concurrent audit for private manufacturing companies, Government organisations, banks.
Associate Member of the Institute of Company Secretaries of India
M.B.A - Finance from Reputed Management School, Ahmedabad, India
Post Graduation with degree of Cost Accountant / currently Fellow Member of the ICAI
➢ B.Com. from H.A. College of Commerce, Gujarat University with 61% in 1985.
➢ Higher Secondary (12th) from Sadhna High School, Gujarat Higher Secondary Board in 1982.
➢ S.S.C (10th) from Sadhna High School in 1980.