GOVIND KUMAR SINGHAL

Phone: +91-992*******, E-mail: aduwec@r.postjobfree.com

Versatile, high-energy professional, successful in achieving business growth objectives within turnaround & rapid changing environment

Targeting assignments in Financial Operations / Commercial with an organization of repute

Core Competencies

Finance and Accounts

Financial Planning & Analysis

Compliance Management

Budgeting and costing

MIS Documentation

Auditing & Taxation

Treasury Management

Cash Flow & working capital Management

Statutory Compliance

Team Management

Academic Details

Chartered Accountant from ICAI in 1990

ICWA (Final) from ICWAI in 1990; secured 10th rank in ICWA – Inter across India

Company Secretary from ICSI in 1995

Limited Insolvency Exam from IBBI in 2017

M.Com. (Management Accounting – 99% marks) from Rohilkhand University in the year 1989

IT Skills

ERP Software: SAP HANA & Oracle 12i

MS Office

Personal Details

Date of Birth: 10th May 1966

Languages Known: English, Hindi and Urdu

Present Address: Flat No. C-401, Pioneer Park, Sector-61, Golf Course Extension Road, Gurugram - 122098, Haryana

Profile Summary

Offering a career of over 26 years chronicled with well-earned success in various industries in domains such as Finance & Accounts, Financial Analysis & Planning, Tax Compliance, Cost Management, working capital, Commercial, Treasury management, IndAs and GST.

Expertise in strategic forward planning, operating within tight financial disciplines imposed by internal controls, ambitious budgets, profit centre operations, business development and organizational restructurings

An ambassador of change with skills in providing true and fair accounts on economic position of the organization by supervising books of accounts and reports to analysing each line of profit & loss statement

Top-ranked professional with proficiency in designing & implementing systems, policies & procedures to facilitate internal financial and process controls & cost management

Wealth of expertise entails in industry contact associations, Peer CFO/ Business leaders in financial services industry, Tax advisory, Audit & Consulting firms

A keen communicator with honed interpersonal, analytical and problem solving skills

Notable Accomplishments Across The Career

Dynemic Products Limited

Taken measure to reduce interest Cost of Financing, which resulted into benefit of Rs. 1.25 Crores per annum.

Meghmani Industries Limited

Started regular MIS meetings for cost working & its periodical comparison. This resulted into achieving production cost & its norms below budget.

Strong presentation and analysis of financials & other activities for Board meetings & regular reviews.

Findings of deep-dive analysis of SAP HANA records & reports resulted into correctness of financial results.

Adani Ports & SEZ Limited,

Studied and proposed strategic changes by involving all port CEOs which created Revenue/EBITDA gain of more than INR 9 Crores

Worked on strategic changes for Kattupalli port, which was acquired from L&T. Such changes have resulted in EBITDA gain of INR 25 Crores as per the report submitted to management.

Controlled & reduced Debtors outstanding from 45 days to 30 days.

Hindalco Ind Ltd. (Unit Birla Copper), (Indian MNC)

Created & implemented the Daily EBITDA Model to better control and focus for timely improvement for business results.

Initiated, discussed & implemented seamlessly Power Sale to GUVNL & PXIL, which resulted in net gain of more than INR 20 Crores. (approx.) - huge saving for the organization by way of extra revenue and reduction into Back-Feed of Power to Grid and nominated for Pride Award (Chairman)

Introduced change in revenue structure of DHIL (Jetty) which resulted in increase in EBITDA (Annualized) by 9 Crores on consistent basis

Suggested changes in pricing of Gold Sale mechanism in parity with import which resulted in gain of approx. INR 10 Crores EBITDA P. A.

Suggested operational efficiencies for Oxygen Venting, Power consumption & fuel substitution resulted in cost saving by INR 15 Crores annually.

Steered effort in the increased annual turnover of the unit from INR 4500 Crores (US$ 0.75 Billion) to INR 18000 Crores (US$ 3 Billion)

Successfully reduced the timeline of report submission which made the process much crystal clear and as a result of which the profitability was measured in terms of Budgeting Vs Actual

Organisational Experience

Apr’21 – Nov’21 with Dynemic Products Limited, Ahmedabad (Listed on NSE & BSE)

as President – Finance (Reporting to CMD and director)

Key Result Areas:

Presently having role of overall head for Finance & Accounts function for Dynemic Products Limited and Shouldering all the related responsibilities.

Finalisation of qtrly and annual financials, Balance Sheet, Profit & Loss account, notes on accounts, annexures and its analysis. Responsible for all the financial reporting to NSE & BSE after finalisation & getting it approved from Board of Directors.

Using ERP modules for various Cost, inventory analysis for reporting & management decisions.

Continuous review of financial needs and carry discussions with bankers for necessary enhancement of Limits. Raised Term Loan and working capital for the company.

Capitalisation process of new Project of the Company & dealing with all the complications of the capitalisation process.

Working towards reduction of Cost of financing & other operational costs, providing necessary inputs and getting it implemented through regular follow ups.

Developing various management dashboards for fast & accurate analysis.

Keeping track of various activities relating to TDS, Income Tax, GST etc., and taking decisions for corrective & preventive measures.

Reporting team includes CFO & other officials of the company.

Sep’17 – Aug’20 with Meghmani Industries Limited, Ahmedabad

as Company Secretary & General Manager – Commercial (Role of CFO)

Key Result Areas:

Presently having role of CFO/Financial controller & Company Secretary for Meghmani Industries Limited and Shouldering all the related responsibilities.

Visiting all the plants at regular intervals for discussion with plant & functional heads for plant operating parameters, inventory, commercial, cost analysis, repair & maintenance expenses, utility cost, other cost, planning and statutory compliances etc.

Using SAP modules for various Cost, inventory analysis for reporting & management decisions.

Extracting monthly data from SAP for Monthly processing and preparation of Financial & Cost analysis.

Conducting monthly management meeting (MIS) for review of Inventory Control, Cost Control & its analysis, operating parameters related to various cost centres, status of incentive schemes credit, EPCG licences, status of export documentation & related pending issues and other issues of safety, environment, statutory compliances & operations.

Developing & continuous tracking of various Standard norms related to manufacturing cost, utility cost & various overheads. Variance analysis and identification of its reasons involving stakeholders.

Working towards organisation goals for strengthening Budget Systems, forecasting, strong MIS for different Group organisations on standalone & consolidated basis.

Developing various management dashboards for fast & accurate analysis.

Working with Group CFO for Group MIS, Group Treasury, monitoring Group Limits, raising issues of excess charges etc with Bankers.

Finalisation and signing of qtrly and annual financials, Balance Sheet, Profit & Loss account, notes on accounts, annexures and its analysis.

Finalisation of dates, agenda of qtrly board meeting with co-ordination of directors including independent directors.

Monthly continuous monitoring of Statutory, Govt & all other Compliances, payment of various taxes with actual date of payment & respective due dates, filing status of all types of statutory returns i.e.PF, ESI, TDS, Income Tax, GST etc., and presentation with status report during Qtrly Audit Committee and Board Meeting.

Presentation for qtrly board meetings and audit committee meetings for discussion on financials, costing, inventory analysis, receivables analysis & ageing, creditors analysis & ageing, Status of incentive credits for exports, Export documentation & related pending issues, bank loans & advances, cost of financing, treasury & investment, return on Investments, forward contracts, hedging, capex with status. Discussion of audit points & co-ordination with internal auditors for audit committee review.

Dec’14 – May’16 with Adani Ports & SEZ Limited, Ahmedabad (Pubic Listed Company)

as Head – FP&A (Associate Vice President)

Key Result Areas:

Shouldered the responsibilities of a Head office Central financial controller.

Supervising entire Central financial Control function of the organization including Financial Planning & Analysis, Budgetary Controls, Forecasting, Auditing compliances, Capex & material Procurement, Migration Process, Control & Governance

Managing complete planning & management activities for ensuring completion of audit compliances of internal, tax, external as well as statutory audits and consulting respective stakeholders for action & closure within time and cost budget in adherence to pre-defined guidelines.

Budgeting, forecasting and monitoring movement of cargo performance at various ports

Reviewing & analyzing business results and accordingly planning top line & bottom line initiatives in coordination with the stakeholders

Gathering information from all the ports controllers for weekly Analysis, Monthly Cargo, Revenue Details, Operating Cost & Related Expenses, Profitability, Receivables, Payables, and Inventory

Implementing BPT Module of SAP across all the ports and HO for all ports, SEZ and Logistics Verticals

Conducting cost benefit analysis, discounting cash flows for business cases, commercials, pricing & agreements and accordingly providing planning & offering financial services for the organization

Circulating & creating alarms to top management for variation with respect to Budgets & Quarterly reporting to external stakeholders

Sep’04 – Dec’14 with Hindalco Industries Limited (Unit: Birla Copper), Dahej (Public Listed Company)

as General Manager (F&A) - Metals & Chemicals Industry

(Unique complex consisting of 21 plants divided into 5 SBU’s)

Growth Path:

Sep’04 – Jan’08: Senior Manager F&A

Jan’08 – Jul’08: Deputy General Manager

Jul’08– Dec’14: General Manager (F&A)

Role as Head of MIS, Costing and DHIL (CFO):

Shouldered the responsibilities of a plant financial controller for:

oMIS, Internal Control, Unit Reporting, variance analysis

oRelease of daily EBITDA based on standard cost & daily actuals by reporting the same to Business Head/Unit Head along with Variance against Budget

oMonthly & periodic Profitability

oBudgeting & Cost Controlling Process

Ensured the preparation of Cost sheets on weekly and monthly basis and its release to all the stakeholders, comparison of Cost with respect to Budget and Target (Revised Budget)

Preparation and analysis of MPR based on Cost-centre, profit centre, plant-wise (21), Segment-wise (Copper, Chemicals, fertilisers, power plant & jetty) & SBU-wise (5) for entire unit

Budget benchmarking of KPIs & its controlling. Keeping complete track of individual and department KPIs on end to end basis. Monitoring & reporting variance for the performance/KRA parameters of SBU-Heads & Unit Head on periodical basis and year-end for variable pay.

Introduced strong MIS & Reporting to business division & business unit to provide financial transparency & value added reports & financial advisory, working of EVA included for reporting to shareholders & management.

Provided support as a functional head for SBU–wise analysis/ accounting, Inter plant transfer.

Participated in decision making of Bidding Process, Negotiation Process, Commercial, payments for procurements, contractors, receivables, branch monitoring; controlled/ monitored Sale of Power to GUVNL/PXIL

Coordinated between business and function heads to derive the best results for different reports and Analysis. Report cover unit profitability, cash flow, controlling parameters & its variance against Budget, Monthly business reports, capex sanction and working capital

Transfer pricing monitoring & its analysis relating to inter-unit, Intra-unit and related compliances, certification by Cost Auditor etc.

Coordinated with Chairman and MD office for group vision and objectives, Unit performance, capex status, CMIS, EVA on Qtrly, Monthly and requirement basis.

Continuous/periodical monitoring & reporting of the progress of Existing approved Capex Proposals. Evaluation & analysis of fresh Capex proposals alongwith payback period, ROCE, IRR & its approval.

Executed the responsibilities of DHIL (Dahej Harbour & Infrastructure Limited) which ran more than 25 Lacs MTs of Captive and commercial cargoes from Vessels

Managed Taxation, Accounting, Treasury/Investment, Secretarial, Budget, Rolling Plan, monthly profitability, MIS Reporting & other related activities.

Advised the Corporate finance Treasury for investment of surplus Cash/Bank Surplus generated in DHIL

Conducted cost benefit analysis, discounting cash flows for business cases, commercials, insurance claims, pricing & agreements and accordingly providing planning & offering financial services for the organization

Spearheaded the responsibility for managing gamut of operations pertaining to plant finance functions for plants/divisions of group involving determination of financial objectives & implementation of systems to facilitate internal financial and process controls, overseeing activities for insurance accounting and analysis and preparation of financials in adherence to pre-defined guidelines (IFRS)

Cost Audit and submission of Cost Audit reports. Dealing with representatives of Ministry of Fertilisers to sort out queries during their plant visit.

Submission all Government reports to respective agencies.

Consolidated the Budget & Actual -Balance Sheet & Profit & Loss A/c as per time & accuracy parameters and account policy of the organization; Support in preparing Accounting Manual for the guidance of all the accounting staff of the group. Keeping track that accosting manual is followed strictly.

Administered the preparation of MIS reports as well as undertaking the analysis of business performance/bottlenecks to make strategic decisions and formulating future objectives and operational policies/procedures for the organization.

Previous Experience

May’96 - Sep’04 with Subros Ltd., (Delhi NCR) (Public Listed Company) as Manager (Finance & Accounts)

Shouldered the responsibilities of:

oMaintenance & supervision of accounts of the company at its Head Office including dealings with factory/ branch offices and service centres of the Company

oEstablishment of systems and procedures for smooth functioning of accounts departments at new plant/location

oSupport in implementation of SAP R3 FICO, SD module and its usage for various applications & MIS reports

Prepared:

oVarious reconciliation reports and co-ordination with marketing department for collection from debtors and release of payment to vendors

oFiling of Excise, VAT & Sales-tax returns for the Company and finalization of assessment proceedings in the Dept.

oClearance of Export & Import Documents through excise & customs Deptt.

oAnnual Plan and Performance Budget for the Company Formulation of Revenue Budget and other MIS reports

Monitored and prepared the Issue of TDS Certificates and filing of TDS returns for the Company, finalization of TDS assessment proceedings in the Income Tax Department

Executed the Variance Analysis of Expenses with Budget Monitoring and analyzing Payables and Receivables

Verified & processed payments to Vendors and collection from customers; analysed profitability statements, capitalization of assets and monitored work in progress along with basis of allocation of overheads transfers from capital work in progress to asset account

Monitored Working Capital Requirement and control of inventory; examined scrutiny of the monthly Trial Balances

Supported company Secretary cum Financial controller for dealing with authorities for procurement of land, worked at different Plants and corporate office of the company and provided necessary support for all round growth of the company

Highlights:

Established systems for proper accounting, recording & control of different movement of materials in and out of the plant for all the new plants

Implemented policy which resulted in saving of Modvat/Cenvat credit & Sales Tax

Jan’91 - May’96 - Other Work experience

M/s Hughes & Hughes Chem. Ltd. (An Indo-British Joint Venture) as Manager- Finance, with M/s Indag Rubber Ltd. (Listed Company having foreign collaboration with BANDAG INC. of U.S.A., a FORTUNE 500 Company) as Dy. Manager (Accounts), with M/s Mutha Telecom Pvt Ltd as Controller of Accounts and with D C Jain & Associates as senior Auditor.

Responsibilities included Control on Accounts, liasioning with banks for working Capital limits and Financial Institutions for term loan financing, Financial Analysis & forecasting, MIS report generation for reporting to overseas collaborators etc.

Articleship

Completed Articleship from renowned Firms of Chartered Accountants of New Delhi

Independently managed tax audit /finalisation of Balance-sheets of various public & private ltd. companies, big partnership firms, banks, hospitals and many others namely Mohan Meakins Ltd., Talbros Automotive Components Ltd., Hindustan Reprographics Ltd., World Growth Fund Ltd., Drill Experts Pvt. Ltd., Ambar Tours Pvt. Ltd., M/s Zohra Emporium, Narinder Mohan Hospital among others

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