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Management Supply Chain

Location:
Patiala, Punjab region, India
Posted:
November 10, 2018

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Resume:

Krieshan Groverr

Profile Summary

A highly focused growth driven, dynamic and competitive professional having 32 years of unparalleled management style, of which over 22 years have been in a Senior Management Capacity.

Result oriented multi-disciplined professional who possesses extensive broad-based senior management experience in industries like Real Estate, Retailing, F&B, Hospitality, Light Engineering, Iron and Steel, Power etc. having core competencies that cover a broader angle of Strategic Planning, Operations Management, Marketing strategies, Business Process Improvements, General Management in India and M.E. Region.

A critical thinker and an excellent negotiator who applies the extensive knowledge and experience gained over the entire career, towards the development and growth of the business. Quickly grasps complex concepts, analyzes and interprets ideas into logical strategies. Ability to motivate staff to maximum productivity and control costs through the most effective use of work force and available resources.

Sound business acumen, effective leadership qualities and experience resulting in better financial performance. Well experienced in working with multicultural environment. A process oriented professional having an in-depth understanding of all aspects of business and financial activity with diversified skill set and ability.

Competencies

Entrepreneurial Leadership

Business Planning and Strategic Management

Expansions, Investment in New

Ventures

Joint Ventures

Client Relationship

Marketing and Business Strategies

Project management

Investor Relationships

Resource Planning

Operations Management and Control

Profitability Improvement

Strategic / Tactical Planning

KPI Management

Training and Development

Financial Management

Overall corporate governance.

Academia

Chartered Accountant (CA)

Cost and management Accountant (CMA)

Chartered Financial Analyst (ICFAI)

Company Secretary (CS)

LLB

Certified Lead Auditor for ISO 9000

Certificate holder in Value Engineering.

Master of Computer Applications (MCA – Part completed).

Career at a Glance

KGS Group Director Oct’17 – till date

Director (Corporate Advisory) with KGS Corporate Services Pvt. Ltd - Management and corporate service company, providing services in different areas which include financial management, due diligence, mergers and acquisitions, commercial negotiations, valuations, compliances, systems and procedures etc.

Rakeen Development PJSC Chief Executive Officer Sept’2014 to Oct’17

Chief Executive Officer with Rakeen Development PJSC - A Multi National investment and Real Estate Conglomerate. The company is a real estate investments and Development Co. having projects – both residential and commercial, across 10 countries. The company has projects in various countries and is managing an investment base, at cost, of over $1.0 billion.

Responsibilities:

Managing the overall business operations of the group for all companies.

Responsible for business operations/ activities of 10 countries.

Direct all Operational and business Development efforts including long –term strategic planning, objective setting.

Collaborate with the Board to define and articulate the organization’s vision and to develop strategies for achieving the goals of the organization.

Responsibility for profit and Loss for operations of the company.

Develop and monitor strategies for ensuring the long term financial viability of the organization.

Manage organization’s relations with Institutions, Banks, suppliers and service providers.

Oversee the operations of the organization and manage its compliance with legal and regulatory requirements.

To keep the board appropriately informed of the organization’s performance and financial position.

Planning and Development of projects at 860 acres of land in India.

Overseeing the Project Management of existing Projects – both commercial and residential.

Driving key performance initiatives.

Responsible for managing the SBU P&L.

Group Corporate Finance, Corporate Planning and Business Strategies, Funds & Cash management for the group.

Achievements

Financial books closure pending for 2011 till 2015.

Introduced internal control and monitoring systems across the group entities.

Saving of $ 5 Million in negotiations in a deal for the company.

Raised funding of $ 250 Mn.

Replacement of High cost debt with low cost debt and thereby saving of $ 5 Mn.

Concluded a deal which was pending for more than two years.

Completed the financials closure of different companies for last 3 years.

Operational restructuration of business operations at Georgia and mall operations at Georgia.

Improved relationship with investors and partners in Iran, Egypt, Bulgaria and India.

Restructured the company from the scratch.

Introduced and implemented corporate governance in the company.

Funds Management for the projects.

Investor relationship with the lending institutions which include IFC (Arm of World bank), Credit Suisse, and other banking institutions.

Maintained an active role of collaboration and involvement with the BOD.

Financial books closure for various countries which was pending for 2011 till 2016.

Director and Group CFO Wadhawan Group March’09 to Sept’14

Worked as a Director in Group Company and Group CFO with a Wadhawan Group having diversified business ranging from Real Estate, Education, Retail, food & Beverages, Hospitality, Financial services. The group operates in India, UAE and Australia, with aggressive plans to expand into new businesses.

I was part of core think tank of the Group at Chairman level and reporting to the Group Chairman. I was heading Finance and accounts, commercial, secretarial, Internal Audit and Corporate planning functions of the group at corporate level.

My contribution to the Group included the following:

Managed Corporate Finance, Corporate Planning and Business Strategies, Funds & Cash management with focus areas on :

Corporate planning and strategies.

Evaluation of new business opportunities.

Raising of funds for the group – Debt Syndication including structured funding, project loans from Institutions, Funds etc.

Working Capital facilities for various verticals.

Business planning and funds management thereof for various group companies.

Project financing for various real estate projects – from various institutions, NBFCs etc.

Managed Investor’s relationships, regular project review meetings with investors.

Successfully managed and handled Mergers, Acquisitions and Joint Ventures

Acquisition of businesses/companies, due diligence and financial viability of the business.

Efficiently monitored and ensure proper Financial Accounting, Reporting & Internal Controls with focus areas on :

Overall Group Accounting & Reporting for group companies and various verticals of the group.

Provided best visibility of the company’s performance, ensuring full integrity of financial reports.

Implemented appropriate accounting structure, controls and procedures to better identify and track financial and profitable indicators, cut costs, improve profitability and minimize risks.

Formulated and revamped the entire process of consolidation to make it leaner and efficient.

Timely preparation of financial statements, reports, analysis and MIS information reports.

Ensured timely consolidation of branches and subsidiaries, periodic closing & reconciliation.

Lead the review and implementation of new financial and technology systems to provide decision-oriented business MIS.

Efficient Inventory Management – Systems and procedures, Dump and Shrinkage (Including Theft) Management.

MIS and Budgeting

Forecasting & Strategic planning - Develop annual business plans identifying key activities and priorities

Taxation and Statutory compliances - Income Tax, Service Tax and other applicable laws.

Business Advisory, Assurance and Audit

Introduced appropriate SOPs, Systems and procedures for internal controls and due compliances.

Team Building and succession planning.

Training and Development of employees.

Head Commercial (CFO Role) Reliance Retail March’08 to March’09

Worked with Reliance Retail – a leading retail group of India. The Company has large presence with 600 stores in over 13 States in the country. It is very fast-growing company with huge expansion plans to cross 1000 stores soon. The company has business in various categories of both Food and Non-food retailing business across PAN India.

I was Heading the Commercial, Finance and Operations of the company’s business at corporate level.

My responsibilities included the following:

Corporate Planning and Operational management

Financial Accounting, Reporting & Internal Controls:

Budgeting, Forecasting & Strategic planning Commercial Functions of the whole company.

Taxation and Statutory compliances

MIS and Budgeting

Systems and procedures

Vendor’s Management – Negotiations etc.

Complying with various laws and regulations.

Efficient Inventory Management – Systems and procedures, Dump and Shrinkage (Including Theft) Management.

Expiry Date Management in the Inventory System.

Team Building and succession planning.

Training and Development of employees.

CFO / Head of Operations Landmark Group Aug’02 to March’08

A leading Retailing group of Middle East. The company has its presence UAE, KSA, Kuwait, Bahrain, Qatar, Oman, Jordan, Spain and India. It is very fast-growing company having annual turnover of about AED 6.5 Billion with a retail area of over 5 million sq. ft. and having a team of about 15000 employees.

I was Heading the Finance and Operations of the group’s business at corporate level at Dubai and lastly in KSA, as CFO, which contributes fifty percent to the total business of the group.

My responsibilities included the following:

Business Planning and growth strategies.

Finance and Accounts - both at individual companies’ accounts and consolidated group accounts of all countries and all types of business of the group.

Worked for IPO for the company.

Funds Management,

Dealing with Banks, Raising of funds.

MIS and Budgeting

Systems and procedures

Infrastructure planning and resource mobilization.

Working towards Mergers and Acquisitions, Placements, Joint Ventures.

Supply Chain Management- Handling one of the largest privately-owned supply chain (handling 50,000 TEUs at central logistic facility and 25,000 TEUs as direct shipments).

Resource Planning and Infrastructure.

Complying with various laws and regulations including IFRS, IAS, and Custom Laws etc.

IT – Oracle Apps – Implementation and functional maintenance of the system.

Implementation of OWMS and ORMS in the organization.

Team Building and succession planning.

Training and Development of employees.

Associate Vice President (Finance & Costing) Hero Group April’96 to Aug’2002

Worked with a large business conglomerate - HERO Group of Industries (Bicycle Unit – Hero Cycles Ltd- An ISO 9002 Company) having International presence and is number one in the world in terms of volume, having a turnover of more than AED 1000 Million with the strength of around 4000 employees. The company is working under ERP environment.

My responsibilities included the following:

Finance and Accounting Functions and general administration

Cost Management, - Cost Analysis and Cost Control

Business Analysis and reviews and monitoring of profitability.

Budgeting & MIS,

Pricing policies p both for purchases and final product.

Funds management,

Dealing with banks, financial Institutions,

Raising of funds from banks

Audit, - both internal and statutory audit

Project Management

Taxation –both Direct & Indirect, - Excise Duty etc.

Systems and procedures

Dy. Director (Budget & Finance) APEDA June’94 to April’96

Worked with Agricultural and Processed Food Export Development Authority, a nodal agency to regulate and to promote exports of agricultural and processed food products and develop international markets for the products of India. . My responsibilities, as Head of Finance and Accounts Department included the following:

Overall responsibility of Finance and Accounts Department.

Finalization of Accounts,

Funds Management

Budgetary Control

Dealing with banks, financial Institutions, ITPO.

RBI, Various Ministries,

FOREX Management,

Project Management – Analysis and Reviews

Internal Audit, Statutory Audit

Management of International Trade Fairs,

Taxation

HR and Pay-Roll

RINL, Vizag Steel Plant J. Manager (Finance & Accounts) Oct'92 to June'94

RINL – A corporate entity of Vishakhapatnam Steel Plant Steel Plant is the first shore based integrated steel plant, situated on 33,000 acres (13,000 ha), and is known for quality products and customer delight, A market leader in long steel products and caters to the requirements of construction,, manufacturing automobile, General engineering and fabrication sectors. The company has been awarded as “NAVRATNA” company.

Pb. State Electricity Board Internal Auditor Oct'86 to Oct’ 92

Punjab State Electricity Board (PSEB) was a statutory body, now unbundled into two companies POWERCOM and TRANSCO. The Board is into the business of generation and distribution of electricity.

Escorts Limited Executive - Costing Oct'84 to Oct’ 86

It is a diversified group. It manufactures and sells Agri machinery, construction equipment, railway products, and auto products in India and internationally. It offers tractors under the Farmtrac, Powertrac, and Escort brands etc.

Achievements during different assignments

Turnaround of loss making food retail business of the group, which was to be closed, and bringing to Break Even level and then on expansion path.

Saving of 200 Crores in a commercial deal for the group.

Introduced and implemented internal escrow system for the funds management for each project – to ensure smooth completion of different real estate projects.

Formulated and revamped the entire process of consolidation to make it leaner and efficient.

Controlled the losses due to expiry dated products and introduced new system to control and monitored the expiry dated products and saved the losses on account.

Conceptualized and implemented the new systems and procedures for shared services resulting into cost optimization and thereby improving the bottom line of the company.

Saving in operational costs due to centralization of process and introduction of shared services.

Enhanced operational productivity in the operational Supply Chain distribution by 80%

Obtained ISO 9001; ISO 14001; OHSA 18001 certification simultaneously for the Jebel Ali Operations

Successfully implemented ERP- Oracle financials, SAP (All Modules).

Successfully implemented Cost Reduction Programs resulting in annual saving of about $225,000.

Formulated and implemented Introduced the concept of Daily Profitability.

Dissemination of the concept of TQM in the organization.

IT Skills

Implemented both ERP (SAP) and oracle ERP Systems.

Associated with the development of ERP system.

Workshops and Seminars

Key Note Speaker. Panelist and Paper Presenter on various conferences/seminars of CFOs/ Professionals.

Attended workshops on various topics of professional interest like IFRS, IAS, Costing, Taxation, Supply Chain etc.

Presented paper titled : A Vision to 21st Century”

Paper Written and published on "EURO AND CORPORATE STRATEGY"

Conducted Workshop on TOTAL COST MANAGEMENT.

Conducted In-house Training Programs for senior level management.

Received Merit Certificate for Hospital Services at college level and also got “A” grade certificate under N.S.S.

Personal

DOB : 10th April 1965

Contact Details : India : +91-989******* / 788-***-****

E-mail : ac7np6@r.postjobfree.com / ac7np6@r.postjobfree.com



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