Director
PARAM Consultants
Total years of experience :36 years, 2 Months
Director at PARAM Consultants wherein I consult with Corporate Management teams & assist organization/s in redrawing their long term strategy & business planning, formulating budgets, setting up strong internal controls, conceptualizing critical MI, revamping policies/processes for a long term sustained value addition. We mentor the support functions by providing on the job training. Parallelly engaged as Senior Advisor with a CA firm in MSME/ Start-ups. Key contributions: -
• Engaged with a start-up in Consumer goods sector. Revamped processes/policies, established systems/procedures, designed MIS, reviewed business plan, drafted course correction.
• Conducted a process review of a large manufacturing organisation in heavy engineering sector across Operations, HR, IT, Sales & marketing and Finance departments and provided a detailed report including suggestions on improvements.
• Currently engaged with a food processing industry in revamping existing processes, re-engineering policies, identifying gaps in the current system & drafting SOPs and controls
• Reviewed/modified the Financial Plan of a company in Real Estate sector in and conducted interviews to recruit the CXOs for the organisation.
CFO of a leading Indian Multinational engaged in fire detection and alarms systems.
• Member of Due Diligence team that secured Private Equity (PE) investment.
• Migrated organisation to regional profit centre concept from a centralised structure.
• Reviewed International/national business performances and presented highlights to MD.
• Streamlined budgeting (& rolling forecasts), strengthened cash flows and revamped KPIs.
• Re-designed/improved MIS system & facilitated monthly/quarterly reporting.
• Strengthened internal controls, introduced statutory compliances, reengineered processes.
• Improved cost control & conducted training for front end team on financial nuances.
• Redesigned credit policy, changed invoicing/collection cycle, slashed aged debts by 17%.
• Presented financial & commercial business matters of the Company to stakeholders (PEs).
• Liaised with financial institutions. Introduced innovative options to augment working capital
• Trained, mentored & built strong second level team of finance professionals.
Finance Director of. one of the largest International Express Distribution, Mail and Logistics Company in the world headquartered in Amsterdam, Netherlands.
• Developed & presented a 5-year business plan to the Board.
• Coordinated Integration of facilities (250+) post M&A, reducing operational costs
• Implemented processes in the family run surface transport company post M&A.
• Chaired the implementation of SOX with alternative controls.
• Designed and presented a plan to AsiaPac management to centralise back-office in India.
• Evaluated capexes (10% of revenue) by studying the impact of integration and negotiating from base up (zero based budgeting) and directed/controlled spends.
• Restructured purchases department by creating (a) vendor development cell (b) facilities management (c) purchases/administration, thereby slashing costs.
• Transitioned seamlessly people post M&A achieving “NIL” loss of working days.
Finance Director in one of the top 5 Advertisement Agencies in the world. Heading Finance, Legal, Secretarial, HR and IT.
• Restructured the business strategy by widening the spread of businesses & reducing risk across “low revenue - high margin & high revenue - low margin” lines of business. Introduced alternate revenue models to sustain top line.
• Collaborated with the MD by Incubating & heading three independent verticals contributing 10% of revenue for the company. Conceptualised & corporatised “in-film advertisements”.
• Contributed to Strategy & Planning at Group level including M&A, scaling up operations and downsizing of people.
• Boosted profits by 33+% by client fee negotiations, slashed costs by negotiations (Rs. 9.5 mio p.a.), championed vendor committee concept and optimised procurement processes.
• Centralized IT & CAPEX spends achieving uniformity, control & large savings.
• Held dual responsibility as CFO of the Malaysian entity collaborating with the CEO.
• Introduced competency framework across the Company to assess employees ensuring job-level movement/s was based on improvement in competencies.
• Redrafted client agreements with least exposure to the company.
• Implemented SOX in the Indian entity on behalf of Publicis.
Sr.Mgr. Finance & Taxation with an automotive & industrial lubricant manufacturing company.
• Collaborated in Joint development/implementation of credit control system for the distribution network of industrial division covering various categories/sizes of clients.
• Contributed to reviewing the long-term manufacturing strategy & presenting future scenarios to the Directors analysing the efficacy of the existing manufacturing plants and providing options for the future.
• Negotiated reduction in insurance premium rates on imports, by unique interpretation/definition resulting in recurring savings of Rs.1.5 mio p.a.
• Structured a business model for Marine division by taking recourse to DTAA, enabling parent company to sell its products in India without attracting tax.
• Restructured payroll across the company to furnish maximum benefits under the law and simplified statutory benefits vide a simple handbook
Manager Corporate Finance and Taxation of a hardware manufacturer, information technology services and infrastructure services provider operating across the globe.
• Configured the Inventory, Costing & Pricing system for Volume Products Division.
• Managed treasury, consolidated accounts of Profit Centers, finalised accounts, collated, analysed & presented Quarterly Business Reviews to Local/U.K. management & improved compliances.
• Conceptualised the agreement for receiving tax-free income for the Company’s software activities resulting in tax savings of Rs.160 mio.
• Conducted feasibility study to set up a Software Development Center in Mauritius in collaboration with Fujitsu Australia for export of software.
• Was part of top management & headed finance of Volume Products division through which the company established itself in the PC market by setting up dealership networks across the country.
Qualified in 1987 as a Chartered Accountant (graduated in 1983 from Mumbai University) & joined in the taxation department. Services rendered to the various clients included preparation of return of income, representation before taxation authorities, preparation of appeals/assisting counsels in appearance before courts, tax planning, designing expat salary package & related issues.
ACA from the Mumbai chapter of the Institute of Chartered Acountants of India
B.Com from Mumbai University.