Manager Management
Resume:
S. Ranganathan
Mobile: +91-984******* ~ Tel: +**- 80 – 23565758 ~ E-Mail: *******************@*****.***
SENIOR / TOP MANAGEMENT PROFESSIONAL
With over 17 years chronicle of success driving benchmarks, setting growth & expansion for globally focused and reputed organizations; looking for positions like Vice President Finance or Chief Financial Officer
Preferred Location: Bangalore and Chennai
Senior professional with verifiable year after year success in achieving revenue, profit and business growth objectives within turn around and rapid change environments. Presently working with Circor Flow Technologies India Private Limited, Proficient in mapping business requirements with proven ability in designing & implementing systems to achieve cost control & financial discipline and enhance the overall efficiency of the organisation. Expertise in steering strategic deployment, process deployments and cost control initiatives. Strong Planning & analytical abilities with adeptness in formulating accounting systems, business planning and analysis systems. Proficient in analysing existing systems & procedures, preparing annual operating plans, designing internal control systems and facilitate effective decision-making. Proven abilities in developing costing and pricing methodology in line with business requirements and establishing the EOU and STPI units in line with the business. Hands on experience in major restructuring of the organization like merger of two companies, capital restructuring as part of revival process. Well experienced in getting the project approvals, greenfield project management and operation. Good working knowledge of International Accounting Standards, SOX Compliance and Direct Taxation. Independently led domestic as well as international assignments related to developing and successfully implementing business plans. Exceptionally well organized with a track record that demonstrates self motivation, creativity and initiatives to achieve both personal and corporate goals.
AREAS OF EXCELLENCE
Financial Planning & Control Business Analysis Systems Profit Centre Operations Strategic Initiative deployment Business Partnership ROI Accountability
Financial Reporting Company Law / Legal Affairs Treasury / Fund Management
Budgetary Control Cost Planning & Management Direct / Indirect Taxation
ERP Implementation Commercial Affairs Inventory Management
CAREER MILESTONES
Stellar role in development and deployment of “Cost leadership” strategic initiative to bring operational excellence and further improve the share holder returns (EBIT) from 7% to 14%.
Merit of establishing financial planning and analysis system to direct & evaluate business performances.
Successfully handled the merger of two establishments and capital restructuring in India to the tune of Rs. 35 Crores.
Distinction of establishing a standard costing and pricing methodology to suit business models.
Merit of establishing engineering outsourcing division under STPI and further establishing the pricing models through Memorandum of Understanding (MOU) with corporate. Makino Japan and Singapore for all the global operation brining tax savings 40 to 50 lacs per annum.
Merit in establishing the transfer pricing model for global finance outsourcing division.
Merit in development and deployment of cost improvement and reduction programs.
Played a major role in HR management systems consisting of recruitment, Talent Management and performance management.
Core member of the team involved in driving the ISO 9001 certification initiative.
CAREER CONTOUR
September 2010 with Circor Flow Technologies India Private Limited
As Country Controller
Reporting Authority: CEO – India Operations and CFO Circor FlowTech USA.
Global Turnover: 900 Million USD and India Turn over: 125 crores
Responsible for India Corporate Finance, Global Internal Control development, Merger & Acquisition process for India.
Monitoring, controlling and directing the performance of 3 business divisions consisting of Manufacturing Exports, Domestic and Global Shared Service Division.
Developing and deploying strategic initiatives like:
o Partnering with business for the growth initiatives in India for both organic and inorganic growth.
o Business expansion model for new acquired business.
o Business planning, analysis and control.
o Identification of ERP and implementation
Fixing pricing model to operate with 10 countries and transfer pricing strategy in line with Indian and Global requirement.
Establishing budgets, forecast and business modelling process for introducing the budgetary control.
Managing a wide gamut of functions like:
o Business analysis of key performance matrix and decision support analysis of all profit canters.
o Convening board meeting, minuting and compliance of all company law and Registrar of Company.
Responsible for lead implementation of Lean in non- manufacturing area.
Developing and updating the standard costing system and part of core team in developing pricing model for India manufacturing and Trading divisions.
Responsible for pricing of all international transactions for the global engineering shared service operation as per transfer pricing model.
SIGNIFICANT ACCOMPLISHMENTS:
Played a key role developing the financial model and pricing strategy for the new acquisition completed in September 2010 to the tune of Rs. 50 Crores.
Played a key role in acquiring a business, due diligence and implemented post acquisition integration for the newly acquired business.
Identification and implementation of ERP ( QAD) in India.
Prepared the compensation structure and approved by USA.
Prepared business plan for New product Development and its financial strategy for manufacturing exports from India. (volume of business 50 crores ; tax benefits 2 crores).
Prepared a comprehensive business presentation for bringing new business for Engineering, Design, accounting and sourcing outsourcing business from group companies. Outsourcing headcount increased from 15 in 2010 to 40 in 2012.
Currently working on setting of business performance measurement system for India.
Jun’06 till August 2010 with Brady Company India Pvt. Ltd., Bangalore
As General Manager Finance
Reporting Authority: Director Asia: Pacific and Managing Director. Turn Over: 100 crores
Responsible for India Corporate Finance, Warehouse, Logistics Operation and General Administration.
Monitoring, controlling and directing the performance of 3 business divisions consisting of Manufacturing Exports, Domestic, Global Shared Service Division (STPI), and trading of parts under trading center.
Developing and deploying strategic initiatives like:
o Partnering with business for the growth initiatives in India for both organic and inorganic growth.
o Developing and deploying cost leadership initiative to improve shareholder returns through operational excellence.
o Business planning, analysis and control.
Fixing pricing model to operate with 10 countries and transfer pricing strategy in line with Indian and Global requirement.
Formulating budgets, forecast and business modeling process for introducing the budgetary control.
Managing a wide gamut of functions like:
o Business analysis of key performance matrix and decision support analysis of all profit centers.
o Convening board meeting, minuting and compliance of all company law and Registrar of Company.
Publishing the reports of Indian operation monthly and half yearly audited results as per global requirements. Reports were drawn based on the International Accounting Standards.
Managing a wide gamut of functions like General Accounting, Internal Audits, Indian Statutory and Tax Auditing, etc.
Responsible for Facility, Transport, Guest House & General Administration System.
SIGNIFICANT ACCOMPLISHMENTS:
Awarded “Brady Global president Value award” for significant contribution for successful implementation of India strategic deployment and global tax initiative programs.
Led the SAP implementation team and successful in implementing SAP in 3 months.
Proficiently managed warehouse & logistics operations for last 8 months.
Played a major role in implementing ERP SAP system:
o Design of the processes.
o Process Activity flow charts.
o Inventory Methodology and Accounts Payable.
o Designing posting templates.
o General Ledger – Account ledger and posting rules.
o Accounts receivable and Sale order, revenue modules.
Steered development and deployment of “cost leadership” initiative in India improving and maintaining consisting high level of share holder results to the company. Instrumentation to improve the EBIT 7% to 14%.
Stellar role in deploying cost leadership implementation which resulted in:
o Gross Margin improvement over 60% in last 6 months.
o Working Capital improvement over 20% compared to previous year
o Complete process orientation to all departments
o Every employee made responsible for KPI as past of their smart goals.
Core member of the global finance transformation where finance plays key business partnership role to the business transferring the transaction accounting to shared service center.
Instrumental in creating business analysis model to meet global standards.
Merit of achieving cost savings worth USD 250,000 under general administration and warehousing operations negotiations.
Developing and updating the standard costing system and part of core team in developing pricing model for India manufacturing and Trading divisions
Jan’02 – May’06 with Makino India Private Ltd., Bangalore
As General Manager Finance
Reporting Authority: President – India Operations in Singapore. Turn over: 250 crores
Overseeing a wide gamut of functions like India Corporate Finance, Human Resource, Inventory Management System and General Administration.
Monitoring, controlling and directing the performance of 5 business models with 7 profit centers consisting of manufacturing exports, manufacturing domestic, turnkey business, global engineering resource division (STPI), domestic engineering service, machine spare sales and machine trading center.
Developing and updating the standard costing system and part of core team in developing pricing model for India manufacturing and Trading divisions.
Responsible for pricing of all international transactions both for EOU and STPI units for present and future projects.
Implementing the procedure with regards to inventory related activity; handling purchase and inventory procedure including documentation at various stages.
SIGNIFICANT ACCOMPLISHMENTS:
Instrumental in implementing the ERP system “Jeeves”, as Swedish package.
Significantly contributed in the restructuring and merger process of a Foreign Branch and the Indian Subsidiary Company to the tune of Rs. 35 Crores.
Played a major role in structuring the merger scheme and the capital restructuring between equity share capital and external commercial borrowings.
Independently handled the merger process right from initializing the scheme, board approval, share holders meeting & to the final approval of High Court with the expert’s advice and assistance.
Successfully structured the business models of the Indian Operation.
Distinction of establishing the STPI, manufacturing export units and domestic operations.
o Due to the establishment of STPI units, company has saved income tax worth Rs. 36 Lacs for the financial year ended March 31, 2004.
Merit of establishing the global support activities in India and bringing this under STPI activities.
o Main instrumental to sign a MOU with Makino Singapore and Japan independently.
o This helped the company to standardize the global pricing structure for all engineering activities.
Stellar role in establishing the basic business models and pricing mechanism, the company’s global business has grown nearly 200% during March 2003 & March 2004.
Introduced the standard costing, activity based costing and project cost methodology coupled with the pricing mechanism made the company recovered from a loss making –13% in March 2003 to profit making +12% in March 2004.
Played a major role in the allotment of land from Government of Karnataka and further obtaining the investment based incentive schemes e.g. 75% waiver of registration fee and entry tax exemption on capital goods purchase. The total incentive benefited to the organization is Rs. 8 Million.
Significantly contributed in getting the allotment of land in Bangalore for employee Hostel and further in Haryana for the Makino Technical center in North.
Pivotal role in availing the export incentives for EPCG licences with nil Bank Guarantee and getting DBB license worth Rs. 12 lacs. Received the customs refund on exports worth Rs. 30 lacs.
Introduced best finance and HR practices in India by implementing HR and Finance operating procedures.
PREVIOUS ASSIGNMENTS
Jan’01 – Oct’01 Junction96 Pvt. Ltd., Bangalore Financial Controller
Oct’98 – Dec’00 Faurecia Automotive Seating India Ltd., Bangalore Financial Controller
Nov93 – June 98 Motorola India Ltd., Information Systems Group, Bangalore Asst. Manager
HIGHLIGHTS:
Instrumental in enhancing working capital requirement with Bank and converting stable part of working capital into Non Convertible Debentures thereby interest saving from 16% to 12.75% ~ Rs. 15 Lacs.
Successfully negotiated with IDBI for long-term loan and prepayment of loan before the tenure strongly to get exemption of the prepayment penalty to the tune of Rs. 5 Lacs.
During the tenure our division has got the high ranking by the systems and internal control audit team from Head quarters U.S.
Division was awarded well-maintained book keeping for sales tax and Honest Taxpayer Award by the Commissioner of Sales Tax, Bangalore.
EDUCATION
Chartered Accountant (CA) from ICAI in 1993.
Cost & Works Accountant (ICWAI)from ICWAI in 1993.
B.Com. from Loyola College in 1987.
TRAINING PROGRAMME ATTENDED
Brady Leadership Development Program.
Brady Talent Management & Development Program.
SAP Operating Training Program.
PERSONAL DETAILS
Contact Address : S-3, Ram Nivas Apartments, No. 42, 7th Main, Malleswaram, Bangalore - 560 003.
Date of Birth : 16th Apr’ 1967.
Languages Known : English, Tamil, Kannada & Malyalam.
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