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Cfo

Location:
Mumbai, Maharashtra, India
Posted:
May 26, 2020

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Resume:

SANDEEP KUMAR (GARG)

CONTACT: Mail: addfvh@r.postjobfree.com, addfvh@r.postjobfree.com

Mobile: 974-***-**** / 080-********, Skype Id: sandeepgarg45

Top Management Assignments

FINANCE, ACCOUNTANCY, RETAIL BUSINESS, MERGER & ACQUISITION, PROJECT MANAGEMENT, COMMERCIAL, EXPORTS & LOGISTICS, IT, TREASURY, BUSINESS DEVELOPMENT.

A strategist cum implementer with business foresight & achieved recognized proficiency in spearheading business to accomplish corporate plans and goals successfully.

Versatile, high-energy professional, Good Leader and keen Team Player, effective communicator, successful in achieving business growth objectives in rapid challenging & VUCA WORLD.

A result-oriented professional offering 27+ years of successful career with diverse roles & responsibilities distinguished by commended performance and proven results in spearheading financial & management accounting Retails management function.

Experienced in handling Finance & Accounts, Merger & Acquisition, Project Management, Commercial & Logistics, IT, Treasury, Working Capital Management, Overseas businesses setup & control, Liaison with Government Departments & Taxation.

Worked in Exports Retail, Sales & Distribution & Manufacturing Business environment.

Key role in delivering significant business impacts and contributing to the company by collaborating with the senior management team in improving and executing strategies and processes, accomplishing corporate goals & profitability.

Financial Planning Management, Infrastructure Project Management

Exports sales, documentations, Licensing

Retail Stores & Branches Control.

Commercial Operations – Export, Imports, Licensing, Excise / DGFT

Costing, Budgeting & Variance Analysis, Direct / Indirect Taxation

Proven track record of excellence in establishing and implementing internal control disciplines.

Steered overall financial accounting, costing, MIS operations for organization including collections, purchase, Imports – Exports, contract compliance, receivables, deposits, disbursements, payroll, fixed assets and inventory.

SIGNIFICANT ACHIEVEMENTS ACROSS CAREER

Actively contributed towards business growth by identifying the major areas of improvement & guided the business through an action plan like increase in export Sales, reduction in inventory levels, reduction in overall credit period, profitable product identification etc.

Managing Home Textile business of Rs. 5,000 Cr comprising of 90% exports.

Implemented Paperless export documents flow system

Managing Garments Export Business of Rs. 500 Cr (Apparel) to US, EU, Canada, Japan and Africa.

Managing Raymond Made to Measure Rs. 100 Cr - Retail business consisting of EBOs, FOFO, COCO, SIS, Warehouses, Branches network and doubling the revenue in 2 year’s timespan.

Managing Fabric Export Business of Rs. 400 Cr (Textiles) to across the globe.

Managing Garments Domestic Business of Rs. 300 Cr (Apparel).

Independently handled Acquisition of a company from Gokaldas Exports Ltd. (Black Stones) including valuations, negotiations, acquisition & integration.

Independently handled Merger of Suit Plant Division of Raymond Ltd into Garmenting corporate.

Setup Raymond’s mega Garmenting manufacturing project in Ethiopia & negotiated various best incentives with Ethiopian Government.

Setup and managing Raymond’s Dubai Trading Operations and Milan’s trading operation in Benin (Africa).

Setup Raymond’s Textile & Apparel marketing office in New York & managing NY operations.

Intercontinental 5 star hotel project of $230 million in Lagos & Managed various expansion project.

Formulate & implementation of SOPs & Budgetary Controls

Liaison with trade promotion bodies, Finance and Commerce ministries to get government policies modified to favour Apparel businesses and to influence trade policies, Garment Exports Duty Drawback incentive rates increased

Various cost saving measures which had the recurring impact on profitability of the company

Funds arrangement for Project and working capital requirements

IFRS & IND AS implementation

Arranged Vendor Finance facility to ease working Capital financing pressure.

Export receivable collection period reduced by 12 days.

ERP sourced, customised and rolled out to 24 remote locations in a FMCG business environment Nigeria in record 10 months period.

Handled Income Tax / excise litigation at Commissioner / Tribunal / High court level.

Possess significant experience in handling activities of Commercial, Exports, Imports, Licensing, Logistics, Direct & Indirect Taxation.

Analyses of complex financial data to facilitate decisions related to strategic financial growth of the organisations, Hands-on-experience in administration and business HR.

Excellent negotiations and relationship management skills and abilities to liaise with banks, financial institutions and other agencies.

ORGANIZATIONAL EXPERIENCE

https://www.welspun.com/

Welspun Global Brands Ltd - CFO & Sr Vice President Finance with “Welspun Group” (The leading Home Textile Group) joined in February ‘2019. Operating from Mumbai & managing

1. Home Textile Exports Business:

Revenue Rs. 4,800 Cr Export Business

2. Home Textile Domestic Business:

5 EBOs, 150 Dealers & Distributor network, Revenue Rs. 300 Cr

3. Overseas Subsidiaries:

US, UK and other overseas subsidiaries

The job & responsibilities are:

Finance and Accounts, Treasury Functions – Funds raising, Bank Management, Forex Management, Treasury Management

Exports business – Rs. 4,800 Cr to US, EU, Gulf & rest of the world.

Domestic Retail Business Rs. 300 Cr

Project Management

Managing retail branch & dealers network

M. I. S. Reports, Budgeting & Costing

Dealing With Statutory Auditors & Internal Auditors, drafting of SOPs and implementation

Taxation

Working capital Management

www.raymond.in

Director Finance (Garmenting, Textile Exports & MTM) with “Raymond Group” (One of the largest Indian Textile Group). Joined as General Manager Finance in March ‘2008 & Left in Feb ‘2019. Operated from Bengaluru and Managed:

1. Garment Business:

Three Companies (4 remote manufacturing facilities) Revenue Rs. 800 Cr having Export of Rs. 500 Cr to US, EU, Japan & Africa.

2. Raymond Exports – Textiles Division:

Textile Exports Revenue Rs. 400 Cr.

Exports to US, EU, Fareast, Latin America, Gulf & GCC, SAARC, Africa, East Europe etc.

3. Raymond “Made to Measure” Retail Business vertical:

50 EBOs, 38 Franchisee, 42 SIS stores network, Revenue Rs. 100 Cr,

4. Raymond US Textile & Apparel – Marketing Office:

Marketing Office

5. Raymond Dubai Operations:

Raymond’s Dubai office serving GCC, SARC, African counties for Trading and business expansion.

6. Raymond Ethiopia Project:

Setup a new project for production of Formal Suits in Ethiopia. Handling project set up including incorporation, necessary licenses, arranging funding, negotiating with Government etc.

The job & responsibilities are: Team Size 48

Finance and Accounts, Treasury Functions – Funds raising and Forex Management

Exports business – Rs. 900 Cr to US, EU, Japan & Africa and rest of the world.

Domestic Business Rs. 300 Cr

Project Management

Managing retail branch network

Managing Imports / Exports – DGFT, Excise, Customs, Clearing, Licensing, Exports Documentation & Logistics, bank negotiations

M. I. S. Reports, Budgeting & Costing

Dealing With Statutory Auditors & Internal Auditors, drafting of SOPs and implementation

Taxation

ERP management and improvement in the systems

Working capital Management

Significant Contributions

Acquisition of a subsidiary of Gokaldas Exports Ltd

Holds the distinction of spearheading the entire gamut of Finance, Accounting functions of 3 Indian Companies and 3 oversea companies of the group.

Merger of a unit of Raymond Ltd with garmenting business Limited Company

Played a vital role in managing:

oTreasury functions like funds raising and forward covers hedging.

oImports like Customs Imports Clearing Operations.

oExports like Licensing, Documentation Customs Export.

Managed all issues related to Commercial, Licensing, Logistics, Statutory Auditors and Internal Auditors.

Liaise with trade promotion bodies to influence government policies concerning business welfare policies.

Instrumental in implementing IFRS & IND AS and circulation of timely MIS reports.

Prepared budget, provided periodic feedback to operations on performance against budget and costing.

Assessing the effectiveness and efficiency of various business processes & improvisation in SOPs; evaluating & strengthening internal control systems / procedures

Successfully developed and implemented an appropriate ERP management system for further improvement.

www.milangrp.com

Assistant General Manager – Finance with Milan Nigeria Ltd., a leading FMCG (Import & Distribution House) in Lagos, Nigeria from April ’05 to December ‘ 07.

Revenue US Dollar 250 Million (Rs. 1,500 Cr)

The job & responsibilities are: Team Size 80

Managing for group - Finance and Accounts function, Treasury Functions – Funds raising and Forward covers

Managing a 5 star hotel project of $230 Million (Rs. 138 Cr) (Lagos Intercontinental)

Managing Imports - Customs Clearing, Licensing, Logistics & liaison with overseas suppliers

M. I. S. Reports, Budgeting & Costing

Dealing With Statutory Auditors, drafting of SOPs and implementation

ERP management and improvement in the systems

Managing Investment portfolios

Operations overview for branch in neighbouring West African Country (Republic of Benin).

Controlling 18 Branches network in Nigeria

Inventory & Budgetary Control, General Administration

ERP Development & Implementation in HO and 18 remote locations.

Income Tax, VAT and Payees Taxation

Significant Contributions

Instrumental in developing and implementing ERP as Project Coordinator for ERP - Ebizframe in Lagos HO and 18 remote locations.

Liaise with Nigeria Presidency for proposing changes in custom tariffs and duty structure.

Managed entire finance for the group and planning facilities from banks.

Effectively handled treasury functions, Investment Portfolio and financial accounting.

Successfully managed Imports including liaison with overseas suppliers, customs imports clearing and shipping operations.

Stellar in managing the operations of businesses in another West African country (Republic of Benin) and 14 branches network in Nigeria.

Distinguished efforts towards Inventory & Budgetary Control, General Administration and dealing with Statutory Auditors.

www.atmltdonline.com

Manager Accounts with African Textile Manufacturers Ltd., (a Composite Textile Mill) in Kano, Nigeria from July ’01 to Dec ’04, Manufacturing & Export of Textiles

Significant Contributions

Managing - Finance and Accounts function, Treasury Functions – Funds raising.

Steered complete Purchase and Store Functions, Inventory Control, Customs Imports Clearing and Product Costing.

Liaise with Nigeria Presidency for getting finished Textiles import banned in Nigeria

Successfully liaised with overseas suppliers and handled all import activities.

Supervised complete Raw Material and Other Direct / Indirect Cost.

Developed and implemented appropriate Working Capital Management Policies.

www.winsometextile.com

Manager Accounts with Winsome Textile Industries Ltd., Chandigarh (Manufacturer & Exporter of yarn), from February ’99 to July ’01 Revenue of Winsome Group was RS. 250 Cr

Significant Contributions

Managing - Finance and Accounts function, Treasury Functions – Funds raising and Forward covers

Effectively involved in liaison with Banks for Working Capital Limits / Fund Sourcing.

Instrumental in arranging of Medium Term Finance from Financial Institutions.

Skill fully handled Company Law Matters, Income Tax Assessment & Appeals and Sales Tax Assessment & Appeals.

Preceding Assignments

Aug’93 – Jan’99 worked with Dewan Tyres Ltd., Meerut, Manufacturer & Exporter of Automobile Tyres & Tube as Manager-Accounts to Manager Commercial.

Jul’91 - July’1993 worked with J. Sons Engineering Corporation Ltd., Meerut as Manager – Finance

Personal Dossier

Date of Birth : 1st December, 1968

Address : Flat No. 2706, Tower 5, Crescent Bay, Bhoiawda, Parel, Mumbai – 400 012.

Languages Known : English and Hindi.

EDUCATION CREDENTIALS

1991 Chartered Accountant (FCA) ICAI, New Delhi.

1993 Bachelor of Law (LL. B.) Meerut University, Meerut.

2007 Leadership Development Programme Harvard Business Publishing Education

IT Forte: Computer savvy, expert in various ERPs, Microsoft office (Excel, ppt, Word etc)



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