Jay Prakash Phone No.: +91 9818899305

E-Mail: saraf_67@yahoo.com

SENIOR MANAGEMENT PROFESSIONAL: FINANCE CONTROLLER/ CFO

Financial Planning - Budgetary Control - Taxation - Auditing

Currently leading the design of optimum capital structure and financial strategy for a group of companies keeping in mind capital expansion for existing business, investment in new businesses and short-term cash optimization

Location Preferences: Delhi/ NCR/ Overseas

PROFILE SUMMARY

Over 21 years of rich & qualitative experience in Manufacturing, FMCG and Real Estate sector encompassing:

- Financial Accounting - Budgeting - Business & Financial Planning - Cost Analysis - MIS - Fund Management - ERP Implementation - Taxation - Statutory Compliance

Pioneer in the design & delivery of innovative financial assignments; leader in facilitating change through redesign of internal operating and business processes

Hands-on experience in core accounts & finance functions including maintenance & finalization of accounts, taxation (Service tax, VAT & TDS), profit monitoring, auditing, building internal financial controls, statutory compliance, logistics and legal matters

Dynamic & proactive approach in successful organizational development initiatives that delivered consistent & sustainable revenue & profitability

Proven skills in identifying areas of strength & weaknesses in the financial function, driving controllership of indirect taxation area and managing the systems effectively to improve efficiency

Skilled in implementing proper cost accounting systems/methods/records to achieve cost reduction

Experience in ERP implementation and creation of Standard Operating Procedures

Possess strong planning, analytical, negotiation & relationship management skills

WORK EXPERIENCE

Since Dec’13 GLS Group of Companies, Gurgaon as Sr. G.M.-Finance, Accounts & Taxation

Company Overview The GLS Group mainly comprises of GLS Films Industries Pvt. Ltd., manufacturing Flexible Packaging Laminates, and GLS Infratech Pvt. Ltd. and Pivotal Infrastructure Pvt. Ltd. belonging to the Real Estate Sector.

Role Performing the key role of validating business plans & commercial strategies for maximizing profitability & revenue

generation in line with corporate goals and statutory requirements Liaising with banks for loans & guarantees, overdraft & trust receipts, optimum utilization of available cash credit

limit; managing financial systems and management procedures by means of proper budgeting & ensuring that controls are adequate

Implementing effective costing systems for determining costs at various stages of operations; monitoring various overheads for achieving optimum cost control and application of Operational Costing wherever required and adhering to application of standard / marginal costing for cost control & decision making

Developing the financial back-end for future IPO & PEP possibilities Preparing the business proposal and conducting capex review & BVT/ IRR analysis with a team of 20 persons Revamping and implementing process of recording accounting transactions to generate MIS from the system Improving and implementing effective audit systems to control pilferages and bring down costs Liaising with HUDA, HSIDC and various other District, Town and Country Planning Authorities Accomplishments Initiated and implemented various cost optimization/system correction measures in the organization Played a key role in the introduction of different MIS forms and formats for better control and profit optimization Successfully streamlined credit control function by reconciling cases with higher exposure and regular defaulters and

ensured reduction in monthly exposure Pivotal in developing & implementing system for effective Credit Control

Nov’12 – Dec’13 G.D. Foods Manufacturing (I) Pvt. Ltd., New Delhi as Financial Controller – Accounts & Internal Audit Company Overview The G.D. Group is one of the largest names in the FMCG Sector with PAN India presence. The company is into manufacturing of Processed Foods with a growing marketing and distribution network. The group markets and distributes various consumable products mainly with their Brand Name ‘Tops’. Role Managed the administrative activities, service tax, sales tax, excise & statutory compliances and legal cases of 3 states Established the system and processes of trade channel, monthly finalisation of trade scheme and ensured that actual is

within budget Ensured proper implementation for processes for site acquisition and business expansion Worked in customers’ collection management & CAF management Conducted business planning, forecasting AOP, KPI, variance analysis & budgetary controls Established the trade channel, system and processes, monthly finalisation of trade scheme and ensured that actual is

within budget Involved in site acquisition, for business expansions, analyzed acquisition from different channels and managed

strategic & business planning Responsible for handling various branch operations in consonance with the Head Office

Accomplishments Provided support in the implementation of ERP System by TCS for the Procurement, Plant Operations and Accounts Successfully:

o Explored new grounds for higher transport expenses savings o Optimized warehouse space which resulted in huge annualised savings

Played a key role in introducing private sector in Insurance areas thereby leading to cost cutting and better coverage Pivotal in migrating BUSY Accounting System to ERP Jul’97 – Oct’12 Modelama Exports Limited, Gurgaon as G.M. – Accounts & Finance Company Overview The company is a leading garments exporter and into various diversified businesses of Wind Energy, Real Estate, Automobile and IT Projects. Growth Path July’97- Mar’99 as Manager Apr’99 – Jul’02 as Sr. Manager Aug’02- Oct’06 as DGM Nov’06- Oct’12 as GM Role Coordinated with banks and financial institutions for PCL/PCFC, foreign buyer credits, foreign bill discounting limits &

bank guarantee limits Administered the foreign currency trends and took decision on forward foreign currency booking, derivatives &

option contracts both for export and import transactions Worked with the foreign buyer representatives, collaborators and organizations external advisers such as auditors,

legal consultants as required Conducted financial analysis, developed annual business plan, monthly rolling estimates, cash flow forecasts and

various “what if” analysis Organised monthly performance reviews / evaluation in cost centres / departments and proposed feasible corrective

measures to deliver annual business plans Accomplishments Merit of managing the Wind Energy Project since inception including total project financing to obtaining various

approvals from authorities to commissioning of the project Provided support to the company in ISO implementation Woken on implementing:

o ERP Software-Merchandising, Purchase, Store, Production, Dispatch, Billing and Accounts Module o System in aggressive growth from a 3 units company to 11 units company

Successfully achieved huge financial savings of by introducing the private sector in the Banking and Insurance areas Played a key role in obtaining the term loans from IDBI under TUFS scheme Implemented effective initiatives to ensure cost optimisation and cost reduction across various functions

PREVIOUS EXPERIENCE

Apr’95 – Jun’97 Bharthari Financial Services Pvt. Ltd., New Delhi as Manager - Accounts Jan’94 – Mar’95 Netco Cable Industries Pvt. Ltd., New Delhi as Senior Accounts Officer

EDUCATION CA (Accounts, Costing, Taxation, Audit and Management), The Institute of Chartered Accountants of India, New Delhi

in 1993 M.Com. (Accounts, Costing and Taxation) from Patna University in 1991 B.Com. (Hons.) from Patna University in 1988

PERSONAL DETAILS

Date of Birth : 46 years Passport No. : J0954932 Languages Known : English and Hindi Address : C-1650 A, First Floor, Sushant Lok -1, Gurgaon, Haryana