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Key Result |
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Profit Centre Operations
Finance & Accounts
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Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial and process controls.
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Implementing systems, procedures & manuals for preparation & maintenance of statutory books of accounts & financial statements, ensuring compliance.
- Managing planning activities for ensuring completion of various audits within time & cost parameters.
- Dealing with principles on all financial matters like payments, claims, warranty, etc.
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Understanding the financial considerations of key suppliers and ensuring Creditors' payments are made as per agreed norms.
Budgeting & MIS
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Formulating annual budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.
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Overseeing preparation of MIS reports and reconciliation statements as well as undertaking analysis to assist top management.
Fund Management
Notable Highlights :
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Involved in implementation of IT policies of the Govt. of West Bengal, WEBEL being its nodal implementing organization. Instrumental in restructuring / divestment / closure of Webel Group Companies.
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Successfully handled rights issue and restructuring of the USA Company by inducting Investment Banker from the Middle East as a partner at Nicco Corporation Ltd.
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Worked as the CEO of Steel Division (Rolling & Galvanising Mills) of Nicco Corporation Ltd. having a turnover of Rs. 75 Crores for a span of 18 months.
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Led a team of around 40 Chartered Accountants, Cost Accountants, MBAs (Finance) and Computer Professionals located in head office/various units in India & abroad at Balmer Lawire & Co. Ltd.
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Balmer Lawiie is the first company in the country to issue Commercial Paper in January 1989. Played a leading role in organising for issues of Commercial Paper at very attractive rates. Arranged for funds, both short term / long term, and other facilities from Indian / Foreign banks and financial institutions in India and abroad.
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Visited Middle East, Europe, Russia, Far East and USA for negotiations with foreign parties in respect of joint ventures / contracts / opportunities / setting up branch / arranging fund, etc.
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Deftly developed, implemented financial plans of the new upcoming projects besides raising of funds in India and abroad including public issue of shares/debentures for Balmer Lawiie & 3 JVs. Issued shares with differential pricing in 1994, Major role in floatation of first operating leasing company in India.
- Started online accounting at Balmer Lawrie & NICCO.
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