Manager Sales
Resume:
Bhupinder Bir Akali
Chartered Accountant
Delhi, Delhi
********@*****.**.**
Date of Birth: 4th December
Address: */*, *** ******** *****, New Delhi - 110060 Linguistic Abilities: English, Hindi and Punjabi
Willing to relocate: Anywhere
Linkedin: www.linkedin.com/in/bhupinder-akali-64825824 Work Experience
Assistant Secretary (Finance)
DELHI GYMKHANA CLUB LTD - New Delhi, Delhi
June 2007 to June 2018
Company’s Profile: DELHI GYMKHANA CLUB LTD. has around 15,000 members largely senior Government Officers, Professionals and Corporate Houses. It has residential accommodation as well and is spread over 28 acres. The Club covers all aspects of the hospitality industry including F&B operations, transit rooms and Sports activities including tournaments up to International level. My responsibilities included handling Accounts, payroll of around 600 employees, Taxes, Finance, Billing & its analysis, Handling of Finance Director’s meetings, Taxes, Finance, Company Secretarial work and treasury management, budgeting, costing, investment of surplus funds, inventory control, audit etc. Managed successfully appeal(s) for Non-applicability of Income, Service & Luxury Tax to Delhi Gymkhana Club Ltd. which has benefited all the clubs in India thus resulting in savings of lacs & lacs of Rupees with recurring benefit(s).
Financial Controller
Delhi Gymkhana Club Ltd.
April 1999 to May 2007
Financial Controller
VEE PEE Securities Ltd - New Delhi, Delhi
July 1992 to March 1999
Company's Profile: VEE PEE SECURITIES LTD., a Non-Banking Finance Company (NBFC) having its head office at New Delhi and branch office at Saharanpur (U.P.) handling the entire gamut of accounting, finance & company secretarial work. DGM (Accounts) with Hotel Kanishka and Janpath at New Delhi India Tourism Development Corp. Ltd. - New
Delhi, Delhi July 1991 to July 1992
From July'1991 was given the assignment to look after the finance and accounts of Hotel Kanishka and Janpath at New Delhi having 330 and 210 rooms respectively with a separate shopping arcade. GM (Finance) - Duty Free Trade Division
India Tourism Development Corp. Ltd. - New
Delhi, Delhi October 1988 to July 1991
From Oct 1988 to July 1991 was responsible for Financial and accounting functions of Duty Free Trade division, which had five operating shops at Indian International Airports at Delhi, Mumbai, Calcutta, Chennai and Trivandrum. Besides various negotiations held with foreign suppliers in India, was deputed twice (in August, 1990 and April 1991) to west Germany, London and Paris for negotiations with different parties and discussing with ITDC consultant M/s Heinemenn, Germany for the preparation of feasibility report, upliftment of the Indian Duty Free Shops in order to bring these to International standards, finalization of training programmes for Indian sales as well as other employees of this division etc. Was given powers of GM (F) from Dec 1988 till July 1991 to handle accounts and international trade of all Indian Duty Free Shops. Attained substantial discounts / reduction in supply rates from the foreign suppliers as a result of negotiations held at Germany, London and France for Indian Duty Free Shops. Senior Manager (Finance) in Management Services Division India Tourism Development Corp. Ltd. - New
Delhi, Delhi July 1984 to October 1988
INDIA TOURISM DEVELOPMENT CORPN. Ltd. (ITDC), a prime mover in the progressive development and expansion of India's tourism infrastructure having ten divisions. Initially was placed as a Senior Manager (Finance) in the Engineering Projects division for 1 year and then in the Management services division up to Oct 1988. Was responsible mainly for dealing with and arranging funds from the Financial Institutions, incorporation of new joint venture companies, capital budgeting etc. Had independently looked after the entire accounting, financial and company law matters of 5 joint venture companies which were subsidiary companies of ITDC. Completed various Hotel project reports. Instrumental in obtaining 5 Joint Venture Hotel companies incorporated & their respective project appraisal / approval of Loans from Financial Institutions - ITDC being the holding company. Senior Manager (Finance) in the Engineering Projects Division India Tourism Development Corp. Ltd., - New
Delhi, Delhi June 1983 to July 1984
Company's Profile: INDIA TOURISM DEVELOPMENT CORPN. Ltd. (ITDC), a prime mover in the progressive development and expansion of India's tourism infrastructure having ten divisions. Initially was placed as a Senior Manager (Finance) in the Engineering Projects division for 1 year and then in the Management services division up to Oct 1988. Finance Manager
FEDDERS LLOYD CORPN. Ltd - New Delhi, Delhi
March 1977 to June 1983
Company's Profile: FEDDERS LLOYD CORPN. LTD., a leading manufacturer of "Fedders Lloyd" Air Conditioners and "Zenith" refrigerators having a group annual turnover of Rs. 700 million. Was heading the accounts and costing department and responsible for the entire gamut of accounting, financial and costing functions including stores accounting and inventory control, budgeting, monitoring monthly and quarterly operating results with variance analysis, profitability studies along with break even point analysis, management information etc.. Successfully managed sales tax disputes resulting in recurring annual savings of lakhs of Rupees to Fedders Lloyd Corp. Ltd. and to other business houses in the Union Territory of Delhi. Introduced a comprehensive costing system. Identified consumption level of high cost components regularly and devised control measures to cut down the wastage. Negotiated with suppliers / debtors and extended/shortened the credit period thereby improving the funds flow position substantially. Probationary Officer
Punjab & Sind Bank - Mumbai, Maharashtra
June 1976 to February 1977
Company's Profile: One of the leading nationalized Banks of the country as a probationary officer and my main responsibilities included Financial Analysis of various parties for loan purposes and general Banking. Articleship for Chartered Accountancy
B. M. Chatrath & Co., Chartered Accountants - New
Delhi, Delhi October 1971 to May 1975
Accountabilities
Worked in following public and private sector enterprises in different Industries:- Carlton Hotel (P) Ltd., Lucknow - Statutory Audit.
James Warren & Co. Ltd., Kolkata - Studied accounting system in detail and introduced stores accounting system for 12 tea gardens in Assam for better control and monitoring.
Punjab National Bank & Allahabad Bank - Was actively involved in the statutory audit of these two leading nationalized Banks.
American Refrigerator Co. Ltd., New Delhi - Internal & Stores Audit.
Refrigeration Accessories Ltd., New Delhi - Account Books writing and Sales Tax Work.
Chloride (I) Ltd., New Delhi - Took a leading part in the Sales Tax Assessment work of 2 years. Mackinon & Mackenzie Ltd., New Delhi - Reconciliation of account books, etc. While working in the above organizations which varied from Industrial to financial and agro based industries I gained adequate exposure to the financial and accounting concepts and systems. Education
Master's in Chartered Accountant
Institute of Chartered Accountants of India - Delhi, Delhi August 1971 to November 1975 (Secured 64.5% marks & obtained 4th position in Northern Region with 21st rank on All India Basis in CA-Inter)
Sri Ram College of Commerce, Delhi University - New Delhi, Delhi April 1968 to May 1971
Skills
VARIANCE ANALYSIS (10+ years), INTERNAL AUDIT (10+ years), AUDIT (4 years), TAXATION
(10+ years), FOREIGN EXCHANGE (4 years)
Additional Information
Noteworthy Accomplishments
= Introduced a comprehensive costing system.
= Identified consumption level of high cost components regularly and devised control measures to cut down the wastage. Bachelor's in B.Com (Hons.)
= Negotiated with suppliers / debtors and extended/shortened the credit period thereby improving the funds flow position substantially.
= Completed various Hotel project reports.
= Instrumental in obtaining 5 Joint Venture Hotel companies incorporated & their respective project appraisal / approval of Loans from Financial Institutions - ITDC being the holding company.
= Attained substantial discounts / reduction in supply rates from the foreign suppliers as a result of negotiations held at Germany, London and France for Indian Duty Free Shops.
= Successfully managed sales tax disputes resulting in recurring annual savings of lakhs of Rupees to Fedders Lloyd Corp. Ltd. and to other business houses in the Union Territory of Delhi.
= Managed appeal(s) for Non-applicability of Income, Service & Luxury Tax to Delhi Gymkhana Club Ltd. which has benefited all the clubs in India thus resulting in savings of lacs & lacs of Rupees with recurring benefit(s). Areas of Expertise
• Devising short & long term budgets and designing business plans / strategies for maximising profitability & revenue generation & realising corporate goals.
• Formulating budgets and conducting ratio / ageing / variance analysis to determine difference between projected & actual results and implementing corrective actions.
• Examining & evaluating financial systems, management procedures, and internal controls to ensure that records are accurate and controls are adequate to safeguard against fraud / misrepresentations.
• Developing fund-raising strategies for obtaining funds from banks / financial institutions for the organisational functioning & project requirements.
• Interfacing with RBI & bankers for obtaining bank guarantees, letters of credit and foreign exchange transactions.
• Dealing with taxation authorities for timely filing of income tax and sales tax assessments, exemption related benefits and registrations.
• Liaising with statutory authorities. Aiding the statutory auditors by providing all relevant financial documents.
• Undertaking process costing and instituting cost control measures entailing study of costing of components manufactured in-house, job-work and ancillary.
• Supervising the internal audit to validate the accuracy and examining mismanagement, waste, errors or fraud.
• Overseeing preparation of MIS reports and reconciliation statements as well as undertaking analysis to key indicators to assist top management. References: 1. Col. OP Malhotra, Ex Secretary of Delhi Gymkhana Club Ltd. Mobile: +91-981*******
2. Col. Ravi, Ex Assistant Secretary(Projects), Delhi Gymkhana Club Ltd. Mobile: +91-987*******
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