NILESHKUMAR JAIN

 Strategic Finance & Fund Raising:
• Architected and executed financial strategies, leading a core team that successfully raised ₹110+ Crores through private
bankers and facilitated capital via IPO, Right Issues, and Foreign Direct Investment (FDI).
• Negotiated and secured enhancements to fund-based and non-fund-based banking limits to support business expansion
and working capital needs.
 Financial Control & Profitability:
• Implemented rigorous financial planning, budgeting, and forecasting models, improving budget-to-actual variance accuracy,
enabling better strategic decision-making.
• Directed the annual budgeting process and monthly reforecasting, providing the board with clear visibility on financial
performance and cash flow.
 Risk Management & Reporting:
• Established a comprehensive risk management framework, including risk identification, assessment, and mitigation
strategies, reported directly to the Chairman.
• Automated and delivered key MIS reports on Project Profitability, P&L, Receivables, and Cash Flow, providing critical
insights that drove an improvement in working capital cycle.
 Leadership & Governance:
• Managed the Internal Audit department, ensuring robust internal controls and compliance with regulatory standards.
• Mentored and developed a high-performing finance team, fostering a culture of accountability and continuous
improvement.

Role:  Managed the AR, AP, GL Accounting, Bank Recon., Salaries, Taxation, monthly MIS and monthly reconciliation of General Ledger and sub ledger of Accounts, Creditors & Inter co.  Spearheaded preparation of Cash Flow and Fund Flow statement & Interest Ascertainment and its calculation check points on bank overdrafts  Conducted balance sheet & variance analysis along with month-end finalization of Costing, Variance & Cost Recovery Reports  Led Management Cost Control Audit and Fixed Asset Verification of Parent & all the Service Companies which included: o Drilling Co., Mud Chemicals Co., Construction activities Co., Tangibles Purchase Co., Food Industry Co., and Crude transfer to Vessels & Shipping Co. activities of Sterling Oil exploration on regular basis by visiting the respective offices & plants and reporting to the Chairman / CEO for the same Highlight:  Achieved cost saving of USD 1.00 Million every year for the company

 Cost Leadership:
• Identified and executed cost-saving initiatives, resulting in annual savings of USD 1 Million for the organization.
• Controlled and audited costs across multiple service companies, leading fixed asset verification, cost recovery, variance
analysis and management audits that enhanced accountability, financial integrity and operational efficiency.
 Financial Management:
• Managed full-spectrum accounting operations, including AP, AR, GL, and bank reconciliations, ensuring timely and accurate
month-end closure.
• Prepared cash flow, fund flow, and interest computation models for treasury oversight.