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Mohammed Azim Ghadiali, Chief Finance & Accounts Manager

Mohammed Azim Ghadiali

Chief Finance & Accounts Manager·Memas Commodities DMCC

United Arab Emirates

Master's degree, Banking And Finance

Work experience

Total years of experience: 20 years, 4 months

Chief Finance & Accounts Manager

May 2025 - Present

Memas Commodities DMCC

Dubai, United Arab Emirates

May 2025 - Present

1. Directed finance operations for an AED 130M gold refinery ensuring accurate reporting, strong controls, and regulatory compliance.

2. Delivered AED 3M+ in tax savings through strategic tax planning and compliance optimization.

3. Reduced inventory losses by AED 1M+ by strengthening stock controls, reconciliations, and comprehensive reporting.

4. Accelerated month-end close by 3 days and improved reporting accuracy by 30% through process optimization and ERP automation (NEO & Tally).

5. Established budgeting, forecasting, and variance analysis frameworks, driving cost control and financial discipline.

6. Led trial balance clean-up and reconciliations, significantly improving audit readiness and financial transparency.

7. Managed and led external audits, ensuring timely completion and high-quality financial reporting.

8. Strengthened governance by implementing SOPs, policies, and internal control frameworks.

9. Implemented fixed asset tracking and legal cases monitoring systems, enhancing risk management.

10. Managed multi-entity, cross-border financial operations, ensuring transfer pricing compliance.

11. Built and led a finance team of 5, improving performance, timelines, and reporting accuracy.

12. Delivered financial insights, detailed analysis, and strategic recommendations to senior leadership.

13. Effectively handled compliance-related correspondence and responses for notices issued by JAFZA and SAIF Zone, ensuring timely resolution and regulatory compliance.

Company industry:
Jewelry & Gold

Senior Finance Manager

January 2022 - April 2025

Practus Professional Services Private Limited

Mumbai, India Hybrid

January 2022 - April 2025

1. Led financial reporting, compliance, & audit functions for INR 650M wealth management co, managing a team of 5.

2. Delivered INR 14M annual tax savings through strategic tax planning.

3. Secured INR 250M funding and reduced finance costs by INR 2.5M through effective negotiations.

4. Improved profitability by 10% by driving cost optimization and vendor renegotiation initiatives.

5. Directed MIS reporting and financial statement preparation, enhancing reporting accuracy and timeliness.

6. Strengthened budgeting, forecasting, and working capital management processes.

7. Ensured full compliance with Income Tax, GST, TDS, and NSE/BSE regulations.

8. Collaborated with banks, auditors, and regulators to ensure seamless financial operations.

9. Independently managed EY and PwC audits, reducing audit observations by 70% through improved internal controls.

Company industry:
Economics & Financial Consulting

Head of Accounts & Finance

June 2019 - January 2022

Mony Prints Private Limited

Surat, India

June 2019 - January 2022

1. Led finance operations for an INR 400M manufacturing business, managing a team of 4.

2. Delivered INR 4M annual tax savings through effective & proactive tax planning.

3. Reduced reporting timelines by 4 days by improving financial processes.

4. Achieved INR 3.5M in cost savings through structured cost-control initiatives and vendor negotiations.

5. Strengthened receivables management, improving collections and cash flow.

6. Negotiated INR 100M in financing, reducing annual interest costs by INR 1M.

7. Managed tax compliance and assessments with consistent nil liability outcomes.

8. Secured INR 5M in government incentives through effective application and compliance management.

Company industry:
Manufacturing

Manager Accounts & Finance

June 2018 - May 2019

Surya Exim Limited

Surat, India

June 2018 - May 2019

• Managed accounting operations and month-end close processes for INR 3000M coal import & trading business.
• Reduced closing cycle by 3 days through workflow improvements.
• Automated reconciliation processes to improve efficiency and accuracy.
• Strengthened reporting quality and inventory control systems.

Company industry:
Trading & Commodity Trading

Head of Accounts & Finance

November 2015 - May 2018

Sanah Infra Private Limited & Group Companies

Surat, India

November 2015 - May 2018

• Led finance, taxation, and compliance across real estate group entities.
• Improved profitability through budgeting and cost control initiatives.
• Delivered INR 1M in tax savings through proactive planning.
• Managed tax scrutiny and regulatory assessments with nil liability outcomes.
• Recovered INR 1M in receivables through structured follow-up processes.

Company industry:
Real Estate

Head of Accounts & Finance

January 2009 - October 2015

Vikram Syntex Private Limited & Group Companies

Surat, India

January 2009 - October 2015

• Managed end-to-end finance operations across manufacturing group companies.
• Improved working capital efficiency and overall profitability.
• Achieved INR 4M annual additional income through optimal deployment of surplus funds.
• Strengthened internal controls and financial reporting systems.
• Ensured smooth financial operations through effective stakeholder coordination.

Company industry:
Manufacturing

Audit and Tax Associate

February 2006 - January 2009

SNK & Co

Surat, India

February 2006 - January 2009

• Conducted statutory, internal, and tax audits across multiple industries.
• Managed compliance and financial reporting assignments.

Company industry:
Economics & Financial Consulting
Job role:
Accounting and Auditing

Education

Institute of Chartered Accountants of India

November 2012

November 2012

Master's degree, Banking And Finance

India

Veer Narmad South Gujarat University

April 2006

April 2006

Bachelor's degree, Commerce And Finance

India

Skills

FINANCE
Expert
FINANCE
Expert
CHARTERED ACCOUNTANT
Expert
CHARTERED ACCOUNTANT
Expert
COST MANAGEMENT
Expert
COST MANAGEMENT
Expert
BUDGETING
Expert
BUDGETING
Expert
CORPORATE TAX
Expert
CORPORATE TAX
Expert
COMPLIANCE REPORTING
Expert
COMPLIANCE REPORTING
Expert
MANAGEMENT ACCOUNTING
Expert
MANAGEMENT ACCOUNTING
Expert
FINANCIAL ANALYSIS
Expert
FINANCIAL ANALYSIS
Expert
MANAGEMENT INFORMATION SYSTEMS
Expert
MANAGEMENT INFORMATION SYSTEMS
Expert
PROFITABILITY ANALYSIS
Expert
PROFITABILITY ANALYSIS
Expert

Languages

English
Expert
Hindi
Native Speaker
Urdu
Expert
Gujarati
Native Speaker

Memberships

Institute of Chartered Accountants of India

Associate Member

November 2012

Training and Certifications

Certifications
Chartered Accountancy
Institute of Chartered Accountants of India
Nov 2012

Hobbies

  • Traveling, Music, Gym