RAMESHWAR S WADNE

976**-***** adg7tq@r.postjobfree.com

https://www.linkedin.com/in/rameshwar-wadne-

aa256960/

CHIEF FINANCIAL OFFICER

SUMMARY: Seasoned CFO reporting to MD/CEO, Investors and Board of Directors of listed company with proven track records of IPO management, Fund Raising, Reporting to Stock Exchange, Project Financing, Investors relationship, relationship with business partners/consultants/auditors/investment bankers, M&A Opportunities, Risk Assessment and Management, Contracts/Insurances Management, Setting up Teams and establishing cross-functional partnerships within the organization to deliver stellar growth- regionally and financially boosting company’s annual revenues by over 6 times in a span of 4.5 years. Business Process Re- Engineering, Change Management, Setting up Internal Controls and SOPs, Cost Reduction/Control/Management, Setting up Budgets/Variance Analysis/Performance Measurements, ODI/FDI/RBI/FEMA/ROC reporting, MIS Reporting, Working Capital Management, AP/AR Management, Cash/Funds Flow Management, Closely handled Legal and Contractual Compliances related to Taxation/ROC/Government Bodies, etc. Payroll Management, Consolidated Group reporting with Indian/UAE/USA/Sri Lanka Gaaps. Good negotiator, highly accomplished, results-focused senior accounting and finance leader with more than 12 years of progressive experience in Accts&finance, taxation, HR, Legal & Corporate Compliances, Marketing & Business Promotion and operations management of a global multi-million rupees organization. Experience in Manufacturing, E-Commerce, Trading and Service Sector leading over 40 people teams. At Sanghvi Brands Limited I took a start up all the way from infancy to a successful IPO within 5 years. During that process we also set up a sister company into E-Commerce where we raised over $30mil from A list Global VCs. I have set up teams and managed finance, Accounts and compliances across our group companies in India, USA, UAE and Sri Lanka.

Have worked on business restructuring to combat and successfully place the organization at better platform during COVID-19 Global economic recession.

Worked with MD leading a Greenfield project cycle of a wine manufacturing business leading all top Management functions of a Manufacturing Company and reporting to BoD. KEY HIGHLIGHTS

§ Budgeting and Strategic Financial Decision

& Taxation Planning.

§ Inter Departmental roleplay and rationing

§ P&L Ownership and Management § Talent Selection, Development & Retention

§ Business Processes re-engineering to bring

Cost efficiency across functions

§ Fund raise, IPO, M&A and Investors relationship

§ Accounting and Financial Management § KPI/KRA/Performance Measurements

§ Controllership and decision support § Statutory, Corporate and Legal Compliances KEY ACHIEVEMENTS

• Played a key role in converting the private limited company into a publicly listed entity managing 4 times oversubscribed IPO including management of book building process, related compliances and interactions with investors/investment bankers/consultants.

• Successful finance leader in an end to end Greenfield project cycle of a wine manufacturing company.

• Working and getting Project financing of a greenfield project

• Working experience in M&A/valuations/amalgamations/DD and related functions.

• Business Processes Re-engineering by putting in place a robust Internal Control Financial system thereby bringing in cost efficiency over the period of time in business operations.

• Handling Investors relationship for over 6 years and got multiple PE funding in a professionally managed organization from A list Global VCs.

• Successfully dealt with ODI, FDI, RBI, FEMA and secretarial compliances.

• Have a proficiency in consolidation of I-GAAPs financials along with working on financials in various international GAAPs

• Contributed to execution of a full-scale Business Development Program managing Accounting, HR, Legal, Taxation and Treasury departments. Management of Import/Export, AP/AR, payroll, banking, regulatory reporting.

• Over 9 years of experience in working on strategic decisions and recommendations to the Managing Director, BoD and investors reporting various monthly and need based reports.

• Cash flow forecasting and funds management keeping operational priorities and organizational challenges in mind.

• Driven company’s financial planning, forecasting and budgeting and reported to BoD on a multi-million and various currency budgeting system

• Managed and dealt with insurances, legal compliances, partners’ communications and various vendors along with finalization of Business contracts for India and overseas Business by closely working with Business partners.

• Discussion, negotiations and finalization of contracts with Partners, Insurers and other Stakeholders.

• Have been a successful Accts&finance head and a part of massive expansion story of Sanghvi Brands - from 8 centers in India to over 25 centers across India, US, UAE and Sri Lanka during which period the consolidated topline grew exponentially.

• Working experience in direct and indirect taxation including cross boarder transactions and transfer pricing.

• Appeared before Income Tax, Customs and Service Tax authorities for hearings and assessments.

• Over 150 plus tax/statutory/internal audits/inspection audits of listed and non-listed MNCs

• Panel speaker at All India CFO summits.

• Speaker at various investors conclaves

• Paper presenter on various conferences organized by ICAI. PAST EXPERIENCE

1. SANGHVI BRANDS LTD GLOBAL BUSINESS 2014 – 2020 Nature of business – Lifestyle, wellness, hospitality and Ecommerce in Beauty products Industry Designation: Group CFO (08/2016 – 04/2020)

• Got through a very successful IPO handling all areas of DRH/RHP, legal and compliances, interactions with investment banker/RTA/investors/consultants.

• PE Fund raising

• Dealt with M&A and JV opportunities both overseas and in India.

• Instrumental in increasing Operational revenues from Rs5.13Cr to Rs31.50Cr per year through regional expansion across India and overseas in a span of 4.5 years

• Led the cost management initiative and could successfully optimize group level costs by around 12% over the period of 8 months after joining as a Finance leader at Sanghvi Brands Ltd. Thereafter, cost management was a concurrent exercise called upon my profile.

• Frequent analysis of business model and discussion with top management on improvising the business model according to demand of the industry.

• Worked closely with cross-functional teams on cost cutting and cost optimization by closely analysing performance measurements at corporate level.

• Turned around Unit level operations from loss making to profit by close monitoring of costs and boosting up the revenues.

• Dealing with investors, investment bankers, lawyers, RBI on ODI & FDI issues, international auditors & legal firms, business partners & Brand partners by engaging in discussions and finalizing strategic contracts and partnerships.

• Liaisoning with ROC, Tax authorities and Government Bodies,

• Preparing and reporting financials results in US, UAE & Sri Lankan GAAPs. Consolidating various GAAPs’ financials in INR.

• Preparing and reporting financial results to BoD, shareholders and stock exchanges.

• Cost & pricing analysis and rationing

• Budgeting, setting up organizational goals for various departments, setting up departmental performance analysis measures keeping cost reduction and interdepartmental synergies in mind.

• Corporate tax compliances and Tax planning.

• Dealt with hearings, audits and notices from direct & indirect tax departments.

• Implementation of GST and compliances around it.

• Payroll Management and establishing industry standards in pay-scales across the Functions.

• Review of Online-Offline marketing and business promotions activities and performance measurements

• Review, negotiation and finalization of Strategic level contracts with Partners, Insurers, Investment bankers, etc.

Finance Director and Controller (08/2014 – 07/2016)

• Cash flow, Funds & treasury Management

• MIS preparation and monthly reporting to management on health of the business

• Handling Accts&finances, statutory & Legal compliances including tax and corporate compliances, secretarial matters, statutory & internal auditors, etc. for 7 Indian companies and 6 overseas entities. Dealing with internal, statutory and tax auditors for quarterly/yearly audits and closures

• Monthly Payroll management and processing

• Setting up Internal controls to ensure tapping of revenue lickages, booking expenses on time, timely tax compliance, controlling avoidable costs, etc.

• Setting up various teams and establishing Cross-Functional relationships.

• Business analysis to design and set up various SOPs in organization with objectives of controlling various systems and to bring discipline in employees of various departments.

• Set up inventory management system, HR policies, FA purchase policies, payroll policies, approval system, etc.

• Analysing contracts, insurances, contingencies, new location feasibility & budgets and accordingly giving go ahead.

• Before accounting income, asset, expenditure and liability, cross checking to ensure that every rupee was spent for organizational goal and as per the set SOPs & approval system.

• Transfer Pricing studies for group companies and cross border transactions.

• Accounting, reporting and management of Franchisee Business Model for one of the Group Companies. 2. CUMBUM VALLEY WINERY PRIVATE LIMITED INDIAN BUSINESS 2011 to 2014 Nature of Business – Red Wine manufacturer in the state of Tamilnadu. Designation: Finance Manager and Controller (07/2011 – 07/2014)

• Worked with MD and lead a Greenfield project cycle of a wine manufacturing business from incorporation of entity to launching 2 products’ brands in the challenging market. Worked on manufacturing company’s lifecycle i.e. from incorporation of Company to getting project financed from bankers - opening a new plant to launching two product lines into the market.

• Preparing Term loan Project Report and getting it sanctioned through Bankers after various discussion.

• Putting in place a system of Accounting, designing the formats of reporting for the company, designing management hierarchy.

• Reports - monthly MIS, monthly cash flow and fund flow, statutory compliance reports for licensing purpose, etc.

• Preparation of Capitalization of expenditure during construction as per EACO’s Standards of ICAI.

• Audit & Accounts Finalization for year-end results. Preparation of year-end financial statements.

• Preparation of CMA Data, Term loan projections, and interaction and coordination with bankers.

• Liaisoning with Government Bodies, Politicians and authorities.

• Responding to Notices Received from Income tax/Service tax Departments.

• Appeared before IT authorities for hearings

• Preparation & filing various e-returns - Income Tax, Service Tax, Excise duty, ROC, TDS, PF, PT, ESIC, etc.

• Coordinating with management and other departments. 3. RAJAGOPAL AND BADRINARAYANAN Chennai based Audit Firm Designation: Audit Manager (01/2011 – 06/2011)

• Transfer Pricing Studies (TP Audits)

• Played a team leader on M&A assignment

• Valuation of Companies.

• Appeared for hearing before CITs’ and CCEs’

• Worked on IFRS reporting

• Internal, Tax and statutory audits

4. R. SUBRAMANIAN & CO, Chartered Accountants Chennai based HLB affiliated Audit Firm Designation: Article Assistant (01/2008 – 01/2011) Completed Articleship training of three years as required under the norms of the Institute of Chartered Accountant of India, with M/s. R. SUBRAMANIAN & CO., Chartered Accountants, Chennai, a reputed firm with proven track record of professional excellence. Knowledge acquired during the above training programs:

• Nature of industries audited includes Banking, Education, Automobiles, Manufacturing, Service Sector, Registrar and Transfer Agent- RTA, both listed and unlisted companies.

• Lead audit teams for statutory audit, internal audit and tax audit of corporate clients.

• Delegation of work to subordinates and follow ups.

• Had the opportunity to gain professional experience in different areas of accounting, auditing, taxation, M&A, Due diligence, IPO and other related activities. EDUCATION DETAILS

Education Year of completion Institute/Board/University CA Final Group 1 May 2012 The ICAI

CS Foundation June 2006 The ICSI

D. Ed. November 2004 Maharashtra State Exam

Board, Pune

PERSONAL DETAIL

DoB: December 1982

Location: Wakad, Pune, Maharashtra, India

Marital Status: Married

Languages known: Marathi, English, Hindi and Tamil (can speak and understand)

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