Dhananjay Damle

Chief Finance Officer at Splashland Nigeria Ltd

• Nigeria
• May 2011 to March 2018

Dy. General Manager at Eagle Home Appliances Pvt. Ltd

• India
• December 2008 to May 2011

Accounts & Finance
Career Timeline
o Vendor development
o Increasing number of Green Channel Vendors
o Implementation of KANBAN systems
o Proper receiving & issuing of Brought Out Parts (BOP), Semi-
Finished Goods (SFG) & Raw Material (RM)
o Obtaining reports related to inventory, valuation and decision
pertaining to non-moving inventory
o Approval and finalization of the rates of BOP and Engineering Items

Sr. Manager at Cogent Engineers Pvt. Ltd

• India
• January 2008 to December 2008

An ISO Certified manufacturing concern with a turnover of up to INR 55 Cr.
for the year 2007-08 and targeted turnover up to 70 Cr. for the year 08-09.
Key Result Areas:
 Steered finalisation of Balance Sheet and answered audit queries
 Managed finance under Bank Overdraft; prepared periodical financial
reports and CMA for renewal of financial limits
 Undertook inventory management, bank guarantee management, legal
matters and debtors & creditors management
 Successfully obtained enhancement of limits of the company, enabling
the company to go for additional projects by submitting the detailed
project report and 3 years projections to the bank
 Evaluated monthly closing stock and its valuation for current assets
assessment along with debtors and creditors present position

Sr. Manager at Cogent Engineers Pvt. Ltd

• India
• January 2008 to December 2008

Commercial Manager at Milton Plastics Ltd

• India
• April 2004 to December 2007

A Kaizen Practicing and ISO Certified company, with a turnover of INR 150
Cr. exclusively of Pune Plant and overall turnover of INR 450 Cr. With the
recent diversification in industrial products and packaging industry.
Key Result Areas:
 Led smooth operations in departments like Accounts, Costing, Purchase,
EDP, Stores & Excise including allocation of fund, funds flow and
payments to vendors
 Monitored all the commercial functions like purchase and stores

Commercial Manager at Milton Plastics Ltd

• India
• April 2004 to December 2007

Executive at Tata Honeywell Ltd

• India
• January 1998 to March 2004

Executive at Tata Honeywell Ltd

• India
• January 1998 to March 2004

Accounts Officer at Omkar Projects Pvt. Ltd

• India
• January 1993 to December 1997

Accounts Assistant at Omkar Projects Pvt. Ltd

• India
• January 1993 to December 1997

Dy. General Manager at Milton Plastics Ltd

• India
• December 2008 to

 Special Projects - Takeover & Merger:
o Takeover of a profit making running unit
in Satara with Slumps Sale
o Expansion in Milton Plastics Ltd. under
Vedzen Enterprises
o Importing machines & dies from China,
Korea & Australia
 Prepared and submitted project reports and
successfully obtained sanctions for Term Loan
& Cash Credit for various industrial proposals
 Delivered support in the implementation of
Kaizen system which resulted in a cost saving
of INR 30 Lakhs
 Performed financial analysis for 7 years along
with valuation of pending assets & liabilities and
reported the Takeover Price
At Eagle Home Appliances:
 Steered monthly MIS and Cash Flow
Management for Zero Inventory and Sale on
Cash & Carry business model
 Calculated monthly Input and Output Tax in
Maharashtra and verified Sales Tax Liability for
other locations along with payment through E-
Payment Portal
 Remarkably reduced VAT disallowance by INR
88.59 Lakhs in remand
 Engaged in preparing the grounds of appeal
and statement of facts with IT Consultant for
the case in ITAT challenged U/S 263 of the IT
Act
 Undertook costing for all products (for new
product development as well) as member of
Company Pricing Committee
 Identified deficiencies against standards (IFRS)
in internal control and promptly communicated
them to management
DHANANJAY H. DAMLE
CHIEF FINANCE OFFICER
Senior Finance & Accounts Professional with extensive
experience in managing entire financial transactions, reporting
and policies for multiple locations while implementing complex
business processes and operational improvements

Chief Finance Officer at Splashland Nigeria Ltd

• Nigeria
• to

 Offering over 25 years of rich & extensive experience in spearheading
finance and accounts operations including consolidation, finalisation and
monthly / quarterly closing for group at various locations across globe
 Supported strategic planning process including mergers, acquisitions
and as well as corporate-wide restructurings including fund
management, preparation of budget and 5 year plans
 Custodian of financial analysis, internal & regulatory reporting,
accounting operations, budgeting & forecasting that led to long-term
cost savings and improved profitability & productivity
 Established a working relationship with bankers; negotiated for fund
raising and implemented significant improvements in accuracy and
timeliness of fund management and reporting
 Maintained commercial accounting & vendor relations as well as
timely and accurate processing of invoices, purchase orders, expense
reports, credit memos and payment transactions
 Prepared and presented weekly and monthly management reports on
cost and benefit analysis, productivity analysis, inventory turnover
analysis and cost variance analysis
 Supervised all Indian tax compliance and submissions covering
Income Tax, Sales Tax, VAT & Professional Tax including tax planning,
returns, internal reporting, assessments & appeals
 Extensive working knowledge of Indian Accounting Standards, IFRS
and regulatory compliances; enhanced financial processes through
initiatives geared towards lowering risk, heightening productivity &
improving internal controls
 Process improvement initiatives: ERP & Kaizen implementation as
well as adherence to ISO standards for plastic moulding company

at Splashland Nigeria Ltd

• to

 Finalisation & Consolidation of Accounts
 Financial Analysis & Planning
 Internal Financial Controls
 Budgeting and Forecasting
 Auditing (Internal / Statutory / Tax)
 Funds Management
 Cost Assessment and Controls
 Statutory & Regulatory Compliances
 Finance Controllership
 Treasury Operations
 Taxation (Direct / Indirect)
 MIS Reporting
 Accounts Payables & Receivables