Sujit Potnis
Mumbai
Summary
Results-oriented Chief Financial Officer bringing 15+ years of experience in Renewable & Power sector. Strong history of achieving both financial and non-financial business goals with effective controls and planning. Proven expertise in Business Analysis, Business Finance, Financial Reporting, Corporate Finance, Financial Planning, Strategy & Project Control. Highly astute, energetic and team oriented person with strong work ethics, commitment, excellent communication and relationship skills.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Head Finance - Mahindra Teqo Private Limited
Mahindra & Mahindra Group
Mumbai
4 2022 - Current
- Lead the financial journey of the organization including a 36% topline growth between F22-F24, a primary investment round of ~$4Mn by Ontario Teachers' Pension Plan (OTPP) and a portfolio AUM growth of ~2x between F22-F24.
- Improved cash flow (+ve FCF), retired debt (by 76%) and built cash reserves for future expansion. Led the reduction of DSO (15%) between F22-F24.
- Financial Management: Manage the company's financial operations, including budgeting, forecasting, and auditing. Ensure that the financial transactions, policies, and procedures meet the organization's short and long-term business objectives and are conducted in accordance with regulations, accounting principles, and standards.
- Strategic Planning: Develop and implement the financial strategy of the company. This includes long-term financial planning and forecasting, risk management, and investment strategies.
- Financial Reporting: Oversee the preparation and communication of monthly and annual financial statements. Ensure the timely reporting of key financial data and updates to the CEO, Board of Directors, and other key stakeholders.
- Compliance: Ensure legal and regulatory compliance regarding all financial functions. This includes tax planning and compliance with local, state, and federal tax regulations.
- Leadership: Direct the Finance and accounting team and ensure their ongoing professional development and training. Participate in key decisions as a member of the leadership management team.
Strategy | Growth | M&A - Renewables Mfg
Self-employed
Mumbai, Ahmedabad
2021.07 - 2022.03
- Developed strategic plans to identify and evaluate merger and acquisition opportunities for clients.
- Conducted due diligence activities such as market research, financial review, legal review, and compliance reviews.
- Created valuation models using discounted cash flow analyses along with comparable company analyses to determine fair market values for target companies.
Head Finance - Mahindra Teqo Private Limited
Mahindra & Mahindra Group
Mumbai, Maharashtra
2019.04 - 2021.06
- Developed and implemented financial strategies to optimize cash flow, reduce costs, improve operational efficiency and increase profits.
- Created and maintained annual budgets, forecasts and cash flow projections.
- Implemented effective risk management strategies designed to minimise exposure to liabilities and losses.
- Led the preparation and presentation of monthly, quarterly, and annual financial reports to board members and stakeholders.
- Advised executive team on financial implications of business activities, strategic initiatives, and operational changes.
Head Business Finance: Mahindra Susten Private Ltd
Mahindra & Mahindra Group
Mumbai, Maharashtra
2013.06 - 2019.03
- Managed the preparation of the company's budget and monitored performance against it.
- Monitored cash flow projections and adjusted budgets accordingly.
- Prepared monthly, quarterly, and annual financial reports in accordance with IND AS standards.
- Developed and maintained effective internal control systems to ensure accuracy of financial reporting.
- Oversaw financial reporting, accounts payable and receivable, asset coordination, account management and budgets.
Senior Associate
Kiran Energy Solar Power Private Limited
Mumbai, Maharashtra
2012.03 - 2013.04
- Reviewed internal financial reports and led budgeting efforts for the organization.
- Created forecasting models to assess future cash flow needs and capital expenditures plans.
- Negotiated financing agreements with banks, private investors, and other entities.
- Developed long-term strategic plans based on market analysis and forecasts.
Officer: Finance & Commercial
Gulf Jyoti International LLC (GJIL), Dubai
Dubai, UAE
2010.11 - 2012.02
- Prepared quarterly reports on the company's financial performance against budgets and forecasts.
- Assisted with the preparation of audited financial statements in accordance with Generally Accepted Accounting Principles.
- Identified discrepancies between actual results versus projected results; investigated causes of variances; developed corrective action plans as needed.
- Developed and maintained detailed financial models for long-term strategic planning purposes.
- Prepared monthly, quarterly and annual financial reports for management review.
Business Analyst: Finance & Commercial
Om Sai Developers
Nashik, Maharashtra
2007.06 - 2008.07
Education
Executive MDP - Advanced Financial Management
Xavier School of Management
Jamshedpur, India02.2017
MBA - Finance
KJ Somaiya Institute of Mgmt. Studies & Research
Mumbai05.2010
Bachelor of Engineering - Electronics
Vishwakarma Inst of Technology, Pune University
Pune, India05.2007
Skills
- Financial Reporting
- Financial Administration
- Financial Management
- Risk Management
- Cash Flow Management
- Strategic Planning
- Business Forecasting
- Corporate leadership
Certification
- Fellow at Chartered Institute of Management Accountants (CIMA), FCMA
- CFA Level 1
- Managing Business : Harvard Online & Mahindra Leadership University
- Lean Six Sigma Green Belt, KPMG
- Project Finance : National Stock Exchange
- Advanced FInancial Modelling : Academy of Financial Training
Accomplishments
- Nominated for "ET 40 under 40, 2024" in collaboration with Economic Times & Spenser Stuart.
- Featured as "Top 10 heads of Finance 2023", by CEO insights magazine.
- Winner at 'CFONEXT100' 2020, a national level industry-wide award to top 100 future business leaders.
- Selected among '27 emerging future leaders' for 'Signature Learning Program' (SLP) aimed at grooming future leaders from within the Mahindra Group in 2016-18.
Timeline
Strategy | Growth | M&A - Renewables Mfg
Self-employed
2021.07 - 2022.03
Head Finance - Mahindra Teqo Private Limited
Mahindra & Mahindra Group
2019.04 - 2021.06
Head Business Finance: Mahindra Susten Private Ltd
Mahindra & Mahindra Group
2013.06 - 2019.03
Senior Associate
Kiran Energy Solar Power Private Limited
2012.03 - 2013.04
Officer: Finance & Commercial
Gulf Jyoti International LLC (GJIL), Dubai
2010.11 - 2012.02
Business Analyst: Finance & Commercial
Om Sai Developers
2007.06 - 2008.07
Head Finance - Mahindra Teqo Private Limited
Mahindra & Mahindra Group
4 2022 - Current
Executive MDP - Advanced Financial Management
Xavier School of Management
MBA - Finance
KJ Somaiya Institute of Mgmt. Studies & Research
Bachelor of Engineering - Electronics
Vishwakarma Inst of Technology, Pune University
- Fellow at Chartered Institute of Management Accountants (CIMA), FCMA
- CFA Level 1
- Managing Business : Harvard Online & Mahindra Leadership University
- Lean Six Sigma Green Belt, KPMG
- Project Finance : National Stock Exchange
- Advanced FInancial Modelling : Academy of Financial Training
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