Partner
Parmod Singal & Associates
Total years of experience :27 years, 6 Months
Well versed with accounting processes and systems; Analysis & Presentation of complex financial data to facilitate decision making; finalisation of accounts as per statutory requirements; designing Internal control/ Reporting Systems to check compliances and control of transactions; preparing financial planning and executing the budgetary control system; banking process and systems and adequate knowledge in handling bank finance including consortium finance, multiple finance; Compliances under The Companies Act, 1956, Companies Act, 2013, Income Tax, VAT, FEMA, Service Tax etc.; Organizing and conducting Board Meetings and Annual General Meeting, preparation of Agenda, Minutes and Annual Report
KEY ASSIGNMENTS
AIRWORTH TRAVEL & TOURS PRIVATE LIMITED 2011 to 2013
Advisor to the MD. Required to provide and support strategic decisions and drive business growth. Also required to assume full operational, compliance and financial reporting responsibilities on a day-to-day basis.
Key achievements:
• Devise financial programs and supporting financial information.
• Preparation of business plans, financial models, feasibility study for funding from banks.
• Devised and implemented automation of accounting system, including MIS, financial planning & controls.
• Created framework for Transfer Pricing.
• Ensure Statutory & regulatory Compliances.
INVERNESS MEDICAL INDIA PRIVATE LIMITED 2007 to 2010
(Now Alere Medical India Private Limited)
Head of Finance on outsourced basis, reporting into Finance Director, Asia Pacific and the India Board. Role required to be a trusted business advisor to the business groups, provide and support strategic decisions and also determine and drive operating policy. Also required to assume full operational, compliance and financial reporting responsibilities on a day-to-day basis.
Key achievements:
• Due diligence for takeover of Indian Business, preparation for documentation of takeover, agreement, FEMA permissions and smooth transition.
• Devised and implemented automation of accounting system, including MIS, financial planning and inventory control.
• Finance transformation program in sync with operating model across Inverness global entities.
• Monthly reporting on Hyperion on 6th working day, duly reconciling Inverness global entities.
• Enhanced employee benefit programs to improve retention without adding to aggregate cost.
• Created framework for Transfer Pricing & Assessment of Transfer Pricing.
• Ensure Compliances.
TLC RELATIONSHIP MANAGEMENT PRIVATE LIMITED 2002 to 2005
Head of Finance on outsourced basis. Reported to India Board.
Strategic role was to develop and ensure delivery as per business plans from the very commencement of business operations. Operationally required to align financial objectives for business operations, provide decision support and control spend across multi city entities in India. Full responsibility for financial planning, reporting, compliances and maintaining the governance framework.
Key achievements
• Devised and implemented automation of accounting system, including MIS, financial plan.
• Established business and financial planning process, strategies and tactics to maximise profitability.
• Established & maintain internal control safeguards, cash/cost control management.
• Monitor invoicing, credit & collection, cash flows
• Ensure Compliances.
BHP ENGINEERS LIMITED 1988 to 2003
Advisor to the M.D., helping him in areas like raising of funds, dealing with bankers. RBI approvals and remittances, Conducting Board and Shareholders meetings, new business development
Key achievements
• Preparation of Business Plans & correspondence with bankers & FI including funds assessments.
• Dealing with GOI/RBI in matters related to approval of collaborations, remittance of royalties.
• Maintenance of ROC records. Meetings & Statutory Compliances
• Agreements for new collaborations.