Anand Kukreti

• Founding Member of Shared Financial Services (SFS): Spearheaded the establishment of SFS, the first of its kind in ONGC, centralizing vendor payments and tax compliance at a single location in collaboration with IBM as the Technical Support Partner. This initiative resulted in a significant increase in operational efficiency wherein payment processing time decreased by 80% and enhanced vendor relations through faster, more streamlined transactions.
• Recent Transition to Investors Relations Cell: Following the successful stabilization of SFS, transitioned to the Investors Relations Cell at ONGC Corporate Office, responsible for contributing to key investor engagement and communication strategies.

Organization: Fortune 500 Exploration & Production (E&P) company and the largest crude oil and natural gas corporation in India
Location: ONGC Hazira Plant
Unit Turnover: USD 3 Billion
Unit Budget: USD 1.2 Billion

Key Responsibilities & Achievements:

• Actively involved in preparing and administering year-end and monthly financial statements, ensuring accuracy and adherence to accounting policies.
• Developed and maintained Management Information Systems (MIS) and financial reports, delivering valuable insights to top management for strategic decision-making.
• Coordinated with statutory, internal, tax, cost, and government auditors to ensure timely and accurate audits of financial statements, maintaining compliance with regulatory requirements.
• Prepared cost records and ensured regulatory compliance through successful audits.
• Managed asset accounting in SAP for over 25,000 assets, maintaining precise and up-to-date records.
• Led the budgeting process, overseeing budget of Rs. 1000 Crore (USD 1.2 Billion), contributing to effective financial planning and resource allocation.
• Undertook additional responsibilities such as serving on the Insurance Committee, vetting tenders, testing internal controls, and managing advance tax procedures.
• Played key role in handling Rs.250 Crore (USD 30 Million) insurance claim, collaborating with Indian and international surveyors, progressing the matter to one-time settlement stage.
• Selected as part of the 1st Junior Management Council, engaging directly with the Chairman and Executive Committee members, contributing to high-level strategic discussions and initiatives.

• Conducted comprehensive financial evaluations of import-export proposals, offering critical insights and recommendations to guide financing decisions.
• Played a key role in the preparation and administration of accurate year-end and monthly financial statements, ensuring full compliance with accounting policies and regulatory standards.
• Took full ownership of taxation, audit, financial reporting, and management information systems (MIS) for the assigned Trade Division.
• Successfully managed the Rupee Payment Mechanism Trade with Iran through Essar Steel Limited (now AMNS), ensuring seamless and efficient financial operations for export order of USD 2.5 Billion.