Nirmal Kumar Agarwal

• Own end-to-end financial management including monthly, quarterly, and annual financial statements and management accounts.
• Lead MIS reporting with variance analysis and corrective action recommendations presented to management.
• Manage full treasury cycle: Letters of Credit, Bank Guarantees, Performance Bonds, Bid Bonds, Forex transactions, and working capital facilities.
• Executed debt restructuring and successfully negotiated credit facilities at improved rates on each renewal cycle, strengthening the company's banking position and reducing interest costs.
• Developed and implemented 5-Year Business Plan; prepared Operational, Overhead, Capital, and Cash Flow budgets with monthly forecasting.
• Developed Standard Costing system for the manufacturing plant, enabling accurate product pricing, margin analysis, and cost optimization.
• Conducted project feasibility analysis to support capital investment decisions and new business initiatives.
• Led ESP (Energy Support Programme) certification achieving Category 'A' — saving AED 3.0M annually in electricity and gas costs.
• Improved ICV (In-Country Value) score, enabling preferential vendor status for ADNOC and participating entities.
• Conducted ITTI Assessment in compliance with local content program requirements.
• Implemented UAE Corporate Tax, VAT, and IFRS compliance frameworks; managed statutory audit with Big 4 firms without audit remarks.
• Oversaw product costing, pricing strategy, break-even analysis, overhead allocation, and cost optimization for the manufacturing plant.
• Leading end-to-end SAP Business ERP implementation including workflow design, chart of accounts, and system configuration.
• Internal controls across finance, procurement, and operations; ensured adequate insurance risk coverage.
• Presented at Audit Committee and Board Meetings; managed all commercial, export/import, and banking relationship matters.

• Oversaw all financial operations across multi-site manufacturing plants including financial statements, management reporting, and timely year-end closing.
• Led budgeting, 5-year business planning, cash flow management, and working capital optimization across multi-site operations.
• Managed trade financing, banking relationships, and treasury operations across KSA and international subsidiaries; successfully renewed credit facilities at preferential rates and secured increased credit limits to support business growth.
• Established a structured Credit Control system that materially reduced outstanding receivables and improved cash collection from the market.
• Participated in JD Edwards ERP implementation including workflow design, chart of accounts setup, and financial module configuration.
• Led in-house implementation of VAT regulatory framework and compliance across the organization, ensuring full and timely adherence to Saudi VAT requirements.
• Managed ZAKAT filing, Saudi regulatory compliance, and coordination with Big 4 external auditors.
• Led year-end financial closing and statutory audit process; ensured timely completion with Big 4 audit firms without any remarks.
• Designed MIS frameworks and financial reporting models; supervised 12 direct and 5 indirect finance professionals.
• Supported JV structuring and European brand partnerships for feed additive trading — sole selling agency arrangements.

• Managed financial planning, P&L reporting & budgetary control for a USD 70M IT services SBU within a USD 600M+ conglomerate.
• Oversaw group financial reporting, intercompany reconciliation & compliance requirements across the wider Al Othman Group structure.
• Managed trade financing, banking relationships & treasury operations; ensured timely renewal of credit facilities.
• Managed statutory audit coordination & ensured timely year-end closing without remarks.
• Oversaw accounts payable, receivable management & credit control across the SBU.
• Prepared MIS reports with variance analysis & financial insights for senior management decision-making.

• Managed full financial operations across 3 manufacturing units — Food, Tissue Converting, and Printing & Packaging — including financial statements, cost accounting, and management reporting.
• Turned around a loss-making business unit to breakeven by establishing a robust Product Costing system, enabling accurate pricing decisions, margin analysis, and targeted cost reduction initiatives.
• Successfully obtained SIDF (Saudi Industrial Development Fund) financing for the Bakery Plant, managing the end-to-end funding application including Business Plan, Capex requirements, and projected cash flows.
• Led annual budgeting, overhead allocation, variance reporting, and cash flow management across all business units.
• Implemented internal controls, fixed assets management, inventory control, and accounts payable/receivable frameworks.
• Managed statutory audit and banking credit facilities; ensured timely year-end closing without remarks.
• Supervised 12 finance professionals across manufacturing and support operations.

• Led group-level financial consolidation under IFRS, ensuring accuracy, consistency, and timely reporting across all business units.
• Managed group treasury operations including cash flow planning, fund utilization, and interest cost optimization across a USD 500M+ revenue group.
• Monitored foreign exchange exposures and implemented risk mitigation strategies to minimize Forex losses across multi-currency operations.
• Oversaw inter-company reconciliations, budgeting, and forecasting across all group entities.
• Developed Group MIS and Reporting framework, providing senior management with accurate, timely financial insights and variance analysis to support decision-making.

• Directed full-spectrum finance and accounts operations for a 15, 000+ workforce industrial construction group, serving ARAMCO, SABIC, and major EPC contractors.
• Spearheaded project accounting, job costing, and Activity-Based Costing (ABC) for large-scale contracts; conducted project-wise profitability analysis and benchmarked performance against approved budgets.
• Managed complete budgeting cycle including Operational, Overhead, Capital, Cash Flow, Fund Flow, P&L, and Balance Sheet; prepared monthly forecasts and ensured timely financial closing.
• Led cost centre variance analysis, overhead deviation evaluation, and designed a systematic overhead cost allocation procedure to enhance cost transparency.
• Directed banking operations including cash and fund management, LC, Bank Guarantees, Performance Bonds, Bid Bonds, and interest cost optimization on overdraft and loan facilities.
• Managed accounts payable with timely supplier payments; oversaw receivables collection, debtor/creditor ageing monitoring, and weekly cash flow forecasting.
• Designed and implemented MIS reporting framework covering revenue, profitability, project costs, overheads, and variances — including graphical presentations and ad-hoc analyses for management decision-making.
• Coordinated interim and final statutory audits, ensuring prompt responses to auditor queries and timely completion.
• Supervised 18 direct finance professionals; led capacity building, training, and team development programs.