Manager Accounting

RAKESH NAVNITLAL BHARUCHA

Mobile: +** – 982******* E-Mail: **************@*****.***

Aspiring to handle Leadership and Challenging Role in Accounts and Finance Department

Senior Accounts and Finance Professional offering more than 30 years of qualitative experience in leading edge and fast-paced organizations across diverse industries such as Textile, Wine, Automobile, Software and Financial Services; comprehensive in-depth expertise in Accounts and Finance Activities, such as:

To handle the accounts and finance department as a whole

Finalisation of Annual Reports

Managing statutory Audit and internal audit/Audit related issues

Tax Planning & Compliance

Statutory and Secretarial Compliances

Tally ERP implementation/improvement

Budgeting

MIS with inputs to management

Working Capital, Cash flow and treasury Management

Funds Raising through Banks and NBFC

Fund raising through P/E/through IPO

Due Diligence for P/E placement

Loan Restructuring

Internal Relationship Management as well as external relationship management (with Investors

/Lenders)

Career Record

Dec’17 till date Working as a Consultant (CFO Services)

Handled various assignments with Companies from different Industries. April’15–Nov’17 Worked as a CFO with Grover Zampa Vineyards Ltd. 2nd Largest Player in wine manufacturing

Reporting to CEO

Responsible to Lead and Manage Accounts and Finance department Significant Contributions

Streamlined accounts department by defining Role and Responsibilities of employees of accounts and finance department. Recruited the additional staff wherever gap was there in smooth functioning of the department for achievement of management objectives and to make it ready for due diligence for P/E placement.

Tally ERP implementation/improvements.

Streamlined budgeting and MIS.

Managed working capital from banks or from promoter group.

Managed Tax, internal audit, statutory audit.

Managed Tax-income tax compliances and its assessments, appeals etc.

Managed VAT(now GST) compliances and its assessment under the act.

Manage Secretarial Compliances along with Company Secretory

Completed Due diligence process, for taking significant stake in the company by foreign investor. Apr’11–Mach’15 Worked as Senior Vice President-Finance with SKNL Ltd. Textiles (cloth/Garment Manufacturing/Retailing) Company- with Established Brands such as S.Kumars, Reid and Taylor/Belmonte/World Player/Carl Michel House

Reporting to Director-Finance and Director-Legal

Responsible for Corporate Finance Function of SKNL Ltd. And Reid and Taylor Ltd. Significant Contributions

Managing relationship (at GM/DGM/Manager level) with the banks(portfolio of Rs.5000 crs) such as IDBI Bank, BOI, Exim Bank, SBI, Union Bank, JK Bank, IOB, Central Bank, syndicate bank.

Prepared CDR package as per CDR Guidelines in consultation with GM/DGM at CDR cell.

Involved in preparation of TEV report/plant visit with technical officers from BOI. Dec’07–Mar’11 worked with Prabhudas Lilladhar, Mumbai as Group CFO Broking House in businesses of Broking, Advisory, NBFC, Merchant Banking and Insurance Reporting to Chairman

Responsible for Corporate Accounts and Finance department of the Group Significant Contributions

Improved the accounting system. Proper role and responsibilities of accounting staff defined. Recruited the required staff wherever gap is there in smooth functioning of the department. Improved the whole working of the accounting and finance department to the satisfaction management and also to make it ready for due diligence for PE placement

/IPO.

Finalisation of Annual reports for 3 years for Eight (8) Group Companies.

Demonstrated excellence in enhancing 3 fold increase in Working Capital Limit; bringing additional Long Term Fund; played major role in bringing additional working capital limit in one of the group companies.

In Outsourcing of some functions of accounts

In Preparation of SOP

Played a stellar role in convincing the management to file appeal in the Supreme Court regarding depreciation on Membership Card disallowed by Income Tax Department which was ultimately won.

Played pivotal role is getting structured finance(Rs. 65 crs) from ICICI bank.

Relationship with P/E investor (Rs. 40 crs)- giving information on regular basis and sorting out issues if any.

Completed Due diligence process for P/E investment (around Rs. 200 crs)- financial due diligence-giving information and sorting out issues in time bound manner. Many round of one to one discussions related to investment.

Managed Tax-income tax compliances and its assessments, appeals etc.

Managed VAT(now GST) compliances and its assessment under the act. Oct’06 – Nov’07 with Adani Group-Adani Petronet Port Pvt. Ltd.(Subsidiary of Adani Ports and SEZ Ltd.), Ahmedabad as Financial Controller

Joint Venture Company between Adani Group (Largest Corporate House of Gujarat) and Petronet (LNG) Ltd. to build Port at Dehej, Bharuch, Gujarat

Reporting to CFO and CEO

Responsible for Corporate Accounts and Finance department of various companies of the group Significant Contributions

Demonstrated excellence in managing the entire gamut of Accounts and Finance functions of Adani Petronet Port Pvt. Ltd. And for group companies PMC Project Pvt. Ltd. and Dholera Port and SEZ Pvt. Ltd.

Finalisation of Annual Report

Aug’03–Sept’06 with SKNL Ltd., Mumbai as Senior Vice President - Finance Reporting to CFO

Responsible to Lead and Manage Corporate Finance department Significant Contributions

Instrumental in managing corporate cash flow.

Holds the distinction of enhancing Working Capital(Rs.200 crs) even though company was in CDR.

Successfully prepared and implemented Corporate Debt Restructuring Package (loan portfolio of rs. 1200 crs). At CDR, relationship developed with GM and DGM level. Sep’98–Jul’03 with Gebbs Infotech Ltd., Mumbai as Vice President – Accounts and Finance (Head of Corporate Accounts and Finance Function)

Reporting to CMD

Responsible to Lead and Manage Accounts and Finance department Significant Contributions

Improved the accounting system. Proper role and responsibilities of accounting staff defined. Recruited the required staff wherever gap is there in smooth functioning of the department. Improved the whole working of the accounting and finance department to the satisfaction of management and, to make it IPO ready.

Finalisation of Annual Report for 4 years.

Enhanced Working Capital limit from Citibank.

Apr’94–Aug’98 with Bharat Forge Ltd., Mumbai as Manager - Corporate Finance Division Reporting to CEO

Responsible to get finance from the bank and manage the relationship with the bank. Significant Contributions

Demonstrated excellence in raising funds for Bharat Forge Ltd. and its Group Companies from Mumbai; developed

& maintained strong relationship with Banks, Financial Institutions, Mutual Fund Companies and Foreign Institutional Investors (FIIs) by meeting them on a regular basis.

Instrumental in initiating and arranging External Commercial Borrowing (ECB) worth US $ 49.4 Mn for Project Finance/Working Capital for Bharat Forge Ltd. & Group Companies from SBI, Commerzbank, Exim bank while meeting DGM/Managers to get sanction letter and completing the administrative process.

Prepared a paper on Foreign Exchange Risk Management and Direct Tax aspect of Infrastructure Project for our top management.

COMMENCED CAREER: Aug’91–Mar’94 worked with SREI International Finance Ltd., Mumbai as Asst. Manager

Significant Contributions

Played a key role in development of Investment Banking Business.

Successfully managed 6 Public Issues in different sectors such as pharma, hotel, NBFC etc.

Education

MBA (Executive) - from Jamnalal Bajaj Institute of Management Studies in 2000.

Cost Accountant from ICWAI in 1989.

Chartered Accountant from ICAI in 1991. B.Com. from University of Mumbai in 1988.

Other Membership and Courses

Past Committee Member of Bombay Chartered Accountant Society

Member of Bombay Management Association

Regular Member of Borivali Central CPE study circle formed by ICAI

Regular member of CFO conclaves

Attended certificate course on ERP

Family

Father (retired), Mother (Housewife), Wife (Housewife), Son (studying M. Tech (Computer Engineering)).

Personal Dossier

Date of Birth : 18th February 1968

Address : Flat No. 503, B Wing, Nath Madhav 2, Arya Chankya Nagar, Kandivali (E), Mumbai- 400101

Location Preference : India/Overseas

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