Abhijit Sawarkar
Pune,MH
Summary
Dynamic and strategic finance executive with over 15+ years of progressive experience in finance leadership, operations management, and organizational value creation. Proven expertise in driving financial transformation, maximizing shareholder value, and leading high-performing teams in complex, growth-oriented environments. Recognized for my ability to design financial strategies that support long-term growth, streamline business operations, and ensure regulatory compliance.
Overview
15
15
years of professional experience
Work History
Sr. General Manager – Accounts & Taxation
Sanghvi Movers Ltd.
09.2012 - Current
- As a senior leader in the largest crane service company in India (6th largest globally, asset base of ₹2,500 crores), I drive financial strategy, manage key regulatory obligations, and lead a team of 25 across India to support business goals effectively
- Financial Strategy & Leadership: Direct comprehensive financial planning and analysis processes for the CMD and Executive Directors
- Led efforts that improved EBITDA by 5% in FY 2019-20 by collaborating with PwC on transformation projects
- Strategic Development with Bain & Company: Partnered with Bain & Company to develop a long-term growth strategy for Sanghvi Movers Ltd., identifying new investment areas to expand the company's portfolio and market footprint
- International Expansion: Designed and implemented strategies to expand Sanghvi Movers' business into international markets, including the Maldives, Vietnam, and Saudi Arabia (in process)
- Value Creation Initiatives: Developed and executed strategies for significant cost reduction and process improvement
- Spearheaded Project LAKSHA to optimize financial operations and cost structures
- Risk Management & Compliance: Established a robust control framework to ensure regulatory and financial reporting accuracy, mitigating audit findings with proactive controls and training for stakeholders
- Direct & Indirect Tax Compliance: Orchestrated compliance processes for Income Tax, TDS, and GST, including successful handling of complex tax assessments, hearings, and appeals with Big 4 consultants
- Audit & Assurance: Managed engagements with Big 4 firms, ensuring compliance and accuracy in financial statements and operational processes
- Banking & Treasury Operations: Oversaw cash flow management, working capital limits, and secured term loans through effective coordination with banking partners.
Senior Manager – Accounts & Taxation
Kotak Mahindra Old Mutual Life Insurance Ltd.
09.2009 - 09.2012
- Led a 15-member team in accounts operations and tax compliance for a leading life insurance company
- Achieved multiple promotions by driving efficiency and improving operational workflows, making a significant impact on organizational productivity and compliance
- Strategic Financial Management: Controlled revenue and commission recognition processes, implemented IFRS in collaboration with statutory auditors, and ensured accurate variance analysis across major expenses
- Operational Leadership: Designed ISO-compliant processes across departments, enhancing quality control and reducing TAT for key financial operations
- Cost Optimization: Led initiatives to reduce overall TAT and costs by merging the CPC payment cell and accounts team, creating a streamlined, cost-effective payment system.
Education
Institute of Chartered Accountant Of India
DelhiSkills
- Financial Leadership: Financial Reporting, Risk Management, Strategic Planning, Budgeting, and Forecasting
- Tax and Regulatory Compliance: Direct & Indirect Tax, Audit & Compliance Management
- Value Creation & Cost Efficiency: Profit Optimization, Cost Control, Operational Efficiency, M&A Synergy
- Stakeholder Collaboration: Cross-functional Leadership, Stakeholder Engagement, Transformation Management
- Team Development: Talent Acquisition, Team Building, Leadership Development, Mentorship
Affiliations
- Member of the Institute of Chartered Accountants of India
- Member of the Sales Tax Practitioner Association
- Member of the Board of Directors, Sangreen Future Renewables Pvt. Ltd. and Sangreen Logistics Pvt. Ltd. (since October 2024)
Languages
English
Hindi
Marathi
Educationcertifications
- Chartered Accountant (CA) - ICAI, India (2009, 1st Attempt)
- Company Secretary (CS) - ICSI, India (2008, 1st Attempt)
- Indian Institute of Management (2022) Kolkata
- Bachelor of Commerce - Nagpur University, India (2007)
Personal Information
Date of Birth: 12/31/86
Keyprojectsachievements
- Financial Transformation: Achieved significant bottom-line improvement (EBITDA +5%) through collaborative transformation projects with PwC at Sanghvi Movers Ltd.
- GST Implementation: Successfully managed end-to-end GST compliance and process streamlining across departments, ensuring seamless compliance with regulatory changes.
- Cross-Functional Synergy: Played a key role in M&A initiatives, facilitating smooth integration of systems and financial processes post-merger.
- Process Innovation: Conceptualized and implemented the ‘Host to Host’ project to automate major payment systems, resulting in increased efficiency and compliance.
Timeline
Sr. General Manager – Accounts & Taxation
Sanghvi Movers Ltd.
09.2012 - Current
Senior Manager – Accounts & Taxation
Kotak Mahindra Old Mutual Life Insurance Ltd.
09.2009 - 09.2012
Institute of Chartered Accountant Of India
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