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Management Financial Analyst

Location:
Patiala, Punjab region, India
Posted:
February 09, 2019

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Resume:

Krieshan Groverr

Profile Summary

A highly focused growth driven, dynamic and competitive professional having 31 years of unparalleled management style, of which over 21 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

Core 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

Master of Commerce

Chartered Accountant (CA)

Cost and management Accountant (CMA)

Company Secretary (CS)

Chartered Financial Analyst (ICFAI)

Bachelor of Law (LLB)

Certified Lead Auditor for ISO 9000

Certificate holder in Value Engineering.

Master of Computer Applications (MCA – Part completed).

Career at a Glance

S.N.

Position Held

Company

Period

Industry

1

Director and CEO

KGS Group

Oct’17- date

Corporate Advisory and Management Consulting

2

Chief Executive Officer (CEO)

Rakeen Development PJSC - UAE

Sept’14-Oct’17

Real Estate

3

Group CFO

Wadhawan Group

Mar’09- Sept’14

Diversified group – Real Estate, Financial Services, Hotels, F&B, Food Retailing.

4

Head Commercial

Reliance Retail Ltd

Mar’08-Mar’09

Retail – Food Retailing

5

CFO/Head of Operations/ GM

Landmark Group - Dubai

Aug’02-Mar’08

Retail – Non-food Retailing

6

Associate Vice President (Costing)

Hero Cycles Ltd.

April’96- Aug’02

Manufacturing

7

Dy. Director

(Budget & Finance)

APEDA

(Ministry of Commerce)

June’94– Apr’96

Export Promotion of Agricultural and processed Food

8

Jr. Manager (F&A)

RINL, Vishakhapatnam Steel Plant

Oct’92- June’94

Manufacturing – Iron and Steel

9

Internal Auditor

Punjab State Electricity Board

Oct’86-Oct’92

Power Generation and Distribution

10

Executive Costing

Escorts Limited

Oct’84-Oct’86

Manufacturing

Present Assignment

KGS Group Director Oct’17 – till date

Director (Corporate Advisory) with S G Consulting – A venture of KGS Group – Management Consulting and Corporate Advisory 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 cum Group CFO with the 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.

Management and Leadership

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

Leading the business operations across different countries in Asia, Middle East, and Caucasus region of Eurasia.

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

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

Leading business operations to achieved the targeted profit and Loss for the company.

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

Managing relations with Institutions, Banks, suppliers and service providers.

Completed Residential Project with 5 Lakh Sqft Area.

Planning and Development of Mixed-use project at 700 acres+ of land in India.

One of the largest shopping malls in Tbilisi completed and fully operational.

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

Managing the SBU P&L of the Group.

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

Achievements

Introduced internal control and monitoring systems across the group entities.

Concluded disinvestment deal for Iran investment at a profit of $ 80 Million.

Raised funding of $ 250 Mn.

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

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

Concluded acquisition deal, pending for more than two 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 for India Operations. New Team built up for India operations.

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.

Responsibilities for Finance function in various assignments (but not limited to):

Corporate Finance, Corporate Planning and Business Strategies, Funds & Cash management

oCorporate planning and strategies.

oEvaluation of new business opportunities.

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

oWorking for IPO for one of the large vertical of the group.

oWorking Capital facilities for various verticals.

oBusiness planning and funds management thereof for various group companies.

oProject Financing.

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.

Successfully managed and concluded Mergers and Acquisitions, Placements, Joint Ventures.

Financial Accounting, Reporting & Internal Controls.

Overall responsibility for 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.

Drove 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.

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

Implemented an effective MIS and Budgeting system.

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

Taxation Planning and Statutory compliances and compliances applicable laws.

Implemented SAP (All Modules) and Oracle ERP Systems.

Team Building and succession planning.

Introduced internal control and monitoring systems across the group entities.

Achievements ( Partial)

Played a key role in turning around a loss-making venture into break even.

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

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

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.

Personal

DOB : 10th April, 1965

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

E-mail : ac8fvq@r.postjobfree.com



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