kumar ranganathan

Farnek Services LLC is a leading Total Facilities Management Company owned by a Switzerland-based group with 2, 000 plus employees. Reporting to the Swiss Board and the CEO
Key responsibilities:
• Finance and Accounts with special emphasis on receivables management and fund raising.
• Logistics and IT, including ERP implementation.
• Takeover of H&G Brand, Leader in Domestic Market, XLNT Garage for Logistics Support
• Investment in Real Estate - Viz., Purchasing of Labour Camps, Villas, etc.
• Setting up of a JV CBFA (Cofely Besix Farnek Services JV) - Joint Venture to execute the projects of World’s Tallest Tower - Burj Khalifa Tower and World’s Largest Shopping Mall - Dubai Mall, Technical Maintenance Services. Am a Board Member of this JV.
Main achievements:
• Fund raising from banks and POSITIVE working capital management.
• 40% reduction in average outstanding receivables.
• More than 50% reduction in non-moving receivables through negotiation.
• Setting up of timely and accurate budgeting and monitoring system.
• Implementation of ERP. Performed complete process study of the company and did the Gap analysis and established procedures and process to close the gaps identified.

Al Sahel Contracting Company LLC is one of leading Construction Companies in the UAE and is part of the Khalifa Juma Al Nabooda group of companies with 3, 000 plus employees. Was reporting to the Managing Partner and the Board of the Group.
Key responsibilities:
• Finance and Accounts with special emphasis on cost reduction and return to profitability.
• Fund raising from banks.
• Vetting of contracts from every angle - commercial, financial, and legal.
Main achievements:
• Working as part of the top management team, turned around the loss-making operations into a highly profitable one.
• Fund raising from banks and management of surplus cash.
• Setting up of timely and accurate budgeting and monitoring systems.
• ERP implementation including Process Study and Gap analysis.

Power Projects LLC provides engineering services in high voltage power cabling and fiber optic cabling in the GCC countries. Reported to the owner who was a British National.
Key responsibilities:
• Fund raising.
• Setting up of Finance and Accounts functions.
Main achievements:
• Obtained credit lines from an international bank.
• Set up the Finance and Accounts department with the requisite systems and procedures.

Digital Dunes LLC was engaged in distribution of consumer appliances and electronics products.
Key responsibilities:
• Finance and Accounts.
• Fund raising.
Main achievements:
• Fund raising.
• Setting up of Accounts function.

Shaw Wallace & Company Limited (part of Jumbo Group of Dubai) is one the largest alcoholic beverage companies in India.
Key responsibilities as Zonal Accounts Manager of North India (in the last assignment):
• Accounting function for North India operations.
• Supply chain management for 8 factories.
• Business analysis, strategy development, and MIS.
Main achievements:
• Reconciliation of accounts spread over 8 years across various group entities and joint ventures spread over the entire geography of India. This was extremely critical in removing a serious objection made by the Statutory Auditors in their Report to Shareholders
• Efficient cash flow management.

WIMCO Limited (part of Swedish Match group) was the largest matchstick manufacturing company in the world at that time.
Key responsibilities and Achievements:
• Raise bank finance for planting trees to insure raw material availability.
• Scheme approved by World Bank.