SUYASH PATWARDHAN

Mumbai, India adnltw@r.postjobfree.com +91-993**-*****

SUMMARY Senior Finance professional with 20+ years of experience in technology, field marketing and consulting industry domains. Track record of setting up, scaling up and heading finance function for single/multiple entities across geographies in sync with the overall organizational objectives. Expertise in financial strategy planning, budgeting, operations, taxation (direct/indirect), transfer pricing, cost management, financial accounting, audits & compliances, working capital management, working capital planning, and stakeholder management. Demonstrated financial leadership and management capabilities across business phases – start-up, growth and maturity. Recognized for decisive leadership and proven ability to face challenges head-on and execute sound decisions while driving business agendas. An independent thinker with high achievement orientation, whose roles have evolved through persistent cognition and high performance.

EXPERIENCE

May 19 – Till date Smollan India Private Limited Mumbai, India

A technology driven field marketing solutions company, providing marketing and sales promotion solutions to large FMCG companies across India.

Head – Finance & Taxation

Heading end-to-end FP&A for Smollan India Private Limited and Smollan India Field Management Private Limited. Also working as the group tax head for entire Smollan India group consisting of 7 companies with total turnover exceeded 720 crores. Handling a team of 12 finance and tax professionals. Responsible for streamlining financial management & pricing of SAAS & Data based global technology business of the group. Additionally handling legal function for India entities. Reporting to Global CFO and India Group CEO.

Financial Function / Finance Transformation

Managing internal and external stakeholder including investors, global senior executives, business unit heads, regulatory authorities, auditors, tax consultants, lawyers, bankers and clients.

Working as the strategic FP&A partner of the management providing financial insights to management with growth targets in a 5 year plan, broken down into annual, quarterly, and monthly forecasts.

Managing corporate finance, payroll, accounting, banking operations, legal, AR (Accounts Receivable) and AP (Accounts Payable) functions on a day-to-day basis.

Working as the key member in transformation of global finance function. Leading the ERP migration (Sage) in India. Creating the prototype for ERP migration to be followed in rest of the entities globally.

Responsible for timely closing of monthly and annual financials as per IFRS and timely audit completion.

Working as the key member of Smollan Global Technology Business Team and playing an important role in consolidating global technology business in India.

Instrumental in drafting new business proposals and innovative pricing policies. Instrumental in deciding global pricing of SAAS based mobility applications.

Taxation, Transfer Pricing & Legal Function

Handling legal and corporate compliance function for all India entities, overseeing all India contracts.

Handling entire gamut of direct and indirect taxation for all entities of the group Devising a long term comprehensive tax strategy to minimize tax exposure and incidence. Handling GST audits and compliances for 45 registrations across India. Responsible for transfer pricing strategy for all India entities and global mobility business.

Feb 16 – May 19 SNIPP INTERACTIVE Mumbai, India

A public listed, global technology marketing solutions company, developing and selling SAAS based promotions solutions and associated campaign services worldwide.

Multinational Finance Controller / Head – Finance

Heading end-to-end finance management and FP&A responsibilities for USA, Canada, Europe and India businesses with a team of 6+ resources. Accountable for financial strategy planning, budgeting, financial operations, cost management, process improvements, compliances, taxation, accounting, working capital management, stakeholder and team management. Reporting to Global CEO.

Managing corporate finance, payroll, accounting, direct/indirect taxation, AR (Accounts Receivable) and AP (Accounts Payable) functions on a day-to-day basis.

Financial Function/Back-Office Set Up in India

Set up the finance back-office in India for catering to multiple geography offices; defined the operational and strategic framework including policies, processes and systems

Devised an unified finance and accounting system for 7 entities across the globe under a single accounting software buy building a finance team in India considering US GAAPs, IFRS, & regional GAAPs.

Strategic Initiatives

Worked as a core team member in acquisition of target company business and contributed in pre-acquisition strategy and post-acquisition change management

Focused budgetary thrust on cost optimization; identified and eliminated unproductive costs leading to overall cost reductions of 15%:

Designed and developed an effective billing and collection strategy leading to 1/3rd reduction of the collection period and enhanced working capital cycle.

Fund Raising

Worked as the company interface for due diligence financial institutions for fund raising. Secured line of credits from Silicon Valley Bank and Bridge Bank (A division of Western Alliance Bank) and maintained sound relationships with the banks to secure optimal credit.

Organizational Restructuring

Drove organizational restructuring initiatives aimed at simplifying the overall business model and generating cost savings critical for a start-up business

Accounting and Compliances

Ensuring all books of accounts and financial statements are prepared and filed on-time and in line with US GAAPs / IFRS compliances on a monthly basis. Responsible for timely consolidation of financials on quarterly basis.

Liaising and coordinating with internal and external stakeholders such as auditors, tax consultants, lawyers, bankers, and suppliers for seamless financial management & operations

Feb 09 – Mar 15 THE PARTHENON GROUP (EY COMPANY) Mumbai, India

Aug 14 – Mar 15 General Manager / Head – Finance – India & Singapore

Aug 12 – Jul 14 Deputy General Manager – Finance

Feb 09 – Jul 12 Finance Manager - India

Joined with mandate of setting up the India finance function right from scratch in alignment with the global finance function of the organization, keeping balance between US GAAPs and Indian GAAPs.

Business grew from 8 employees and USD 1 M revenues with operations in India only to 60+ employees, USD 16 M and operations in both India and Singapore

Financial Excellence

Handled increased financial management responsibilities in parallel with the business growth; operations expanded to multiple geographies with contracts in 39 countries across continents.

Generated tax savings of 13% of the net income; changed the structure of emerging market business of the organization as part of a core team. Developed an efficient entity structure leveraging both international tax and transfer pricing benefits.

Mergers & Acquisitions

Served as Lead Interface for India and Singapore operations and facilitated the merger between company and EY in 2014. Performed pre-merger due diligence and post-merger implementation of the finance function; worked with Global Shared Services Center for operational implementation.

Accounting and Compliances

Managed the day-to-day finance, payroll, accounting, AR, AP and tax functions; handled all direct/indirect taxation matters and ensured 100% corporate compliance

Aug 02 – Jan 09 SUYASH PATWARDHAN & ASSOCIATES (CA FIRM) Mumbai, India

Chartered Accountant

Provided accounting, audit and taxation services to Indian and multinational clients such as Conexant Systems, Mobile2Win India, Diebold Systems, E&Y (Pune) and more

Jul 98 – Jul 02 MILIND WAGLE & ASSOCIATES Mumbai, India

Internship

EDUCATION

2015 Certified Public Accountant (CPA) California State Board of Accountancy, USA

2015 Diploma in International Financial Reporting ACCA, UK

2006 Diploma in International Trade Laws & WTO ICAI, India

Secured All India 2nd Rank in DITL Part – 1 Examination

2004 Diploma in Information Systems Audit ICAI, India

2002 Fellow Chartered Accountant (FCA) ICAI, India

2001 Master’s in Commerce (M. Com) University of Mumbai, India

1999 Bachelor’s in Commerce (B. Com) University of Mumbai, India

Secured 8th rank in the University

2021 Foundation Course in Venture Capital & Private Equity Indian Academy of Venture Capital

PERSONAL Date of Birth: March 19, 1979

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