Babu Lal Saini
Chartered Accountant
Firozpur
Summary
Seasoned Chief Financial Officer focused on helping companies accomplish missions and drive growth. Expansion-minded professional versed in navigating complex financial challenges.
Overview
17
17
years of professional experience
14
14
years of post-secondary education
3
3
Languages
3
3
Certificates
Work History
Group Chief Finance Officer (CFO)
Bhagwati Group Of Companies
Ferozepur, Punjab
01.2018 - Current
- Streamlined financial reporting by upgrading legacy systems and adopting new technology solutions.
- Enhanced company profitability by 25% with development of comprehensive financial strategies and risk management policies.
- Optimized cash flow management to maintain positive liquidity and minimize interest expenses.
- Led high-performance finance team, fostering professional growth and ensuring timely completion of tasks.
- Reduced tax liabilities (atleast by 25%) by implementing effective tax planning strategies in compliance with legal regulations.
- Collaborated with cross-functional teams to develop annual budgets, effectively allocating resources to support organizational goals.
- Introduced robust internal controls to safeguard corporate assets and ensure accurate financial reporting.
- Negotiated favorable vendor contracts that resulted in significant cost savings for company over time.
- Managed capital expenditure projects (around USD125 Million) to ensure alignment with budgetary constraints and strategic objectives.
- Mentored junior finance professionals within organization, cultivating culture of continuous learning and development.
- Developed comprehensive forecasts to inform decision-making processes, highlighting potential areas of concern or opportunity for growth.
- Improved financial efficiency by streamlining accounting processes and implementing cost-saving measures.
- Coordinated audits with external parties, ensuring full compliance with regulatory requirements while minimizing disruptions to daily operations.
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Improved cash flow, retired debt and built cash reserves to control costs and enhance benefits.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Assessed company resources to keep business funded and nurture relationships with investors, lenders and key partners.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Established transparent lines of communication between finance department and key stakeholders, enabling informed decision-making and fostering collaborative work environment
- Introduced robust internal controls to safeguard corporate assets and ensure accurate financial reporting
- Secured favorable financing terms for business expansion projects through strong negotiation skills
- Mentored junior finance professionals within organization, cultivating culture of continuous learning and development
Chief Finance Officer (CFO)
Bhagwati Lacto Vegetarian Exports Pvt Ltd
Ferozepur, Punjab
12.2010 - 01.2018
- Introduced robust internal controls to safeguard corporate assets and ensure accurate financial reporting.
- Championed process improvement initiatives across various departments, leading to increased operational efficiency.
- Negotiated favorable vendor contracts that resulted in significant cost savings for company over time.
- Enhanced company profitability by atleast 25% with development of comprehensive financial strategies and risk management policies.
- Managed capital expenditure projects to ensure alignment with budgetary constraints and strategic objectives.
- Advised executive leadership on strategic planning initiatives, contributing valuable insights based on financial analysis.
- Secured favorable financing terms for business expansion projects through strong negotiation skills.
- Collaborated with cross-functional teams to develop annual budgets, effectively allocating resources to support organizational goals.
- Streamlined financial reporting by upgrading legacy systems and adopting new technology solutions.
- Optimized cash flow management to maintain positive liquidity and minimize interest expenses.
- Coordinated audits with external parties, ensuring full compliance with regulatory requirements while minimizing disruptions to daily operations.
- Established transparent lines of communication between finance department and key stakeholders, enabling informed decision-making and fostering collaborative work environment.
- Reduced tax liabilities by implementing effective tax planning strategies in compliance with legal regulations.
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Worked closely with audit team to hedge against or mitigate operational risks.
Managing Partner
A B S And Associates, Chartered Accountants
Ludhiana, Punjab
01.2013 - 01.2018
- Spearheaded successful client engagements resulting in repeat business and positive referrals from satisfied clients.
- Oversaw financial management of firm, including budgeting, forecasting, and analysis, ensuring fiscal responsibility and profitability.
- Conducted regular performance reviews for staff members to ensure alignment with company goals and foster professional development.
- Drove innovation initiatives that resulted in unique service offerings for clients while differentiating our firm from competitors in industry.
- Streamlined internal processes for improved efficiency and productivity within firm.
- Established and implemented business procedures and process improvements.
- Increased revenue by 50% with successful promotional strategies and reductions in costs
Article Assistant
N.K. Bector & Co., Chartered Accountants
Ludhiana, Punjab
06.2007 - 12.2010
- Assisted senior accountants with complex tax filings, ensuring accurate submissions and minimized liabilities.
- Prepared reports and materials to assist with audits.
- Enhanced client satisfaction by providing timely and accurate financial reports.
- Supported clients during tax season by preparing necessary documentation and answering inquiries, reducing stress levels associated with process.
- Collaborated with team members to complete audits in timely manner, improving overall department productivity.
- Conducted internal audit assignments identifying control weaknesses and providing recommendations for improvement, leading to strengthened financial systems.
- Streamlined audit processes for improved efficiency and reduced errors.
- Reconciled statements to resolve discrepancies.
- Reviewed customer accounts to identify and resolve irregularities.
- Maintained and enhanced internal controls to preserve confidentiality of records.
- Implemented process improvements to maximize efficiency and reduce costs.
- Conducted thorough financial analyses for informed decision-making by management.
- Identified potential areas of risk through diligent research and analysis, enabling proactive measures to mitigate concerns
Education
Chartered Accountancy - Chartered Accountancy
The Institute of Chartered Accountants of India
New Delhi, India 07.2007 - 11.2012
Professional Competence Course (PCC) - Chartered Accountancy
The Institute of Chartered Accountants of India
New Delhi, India 07.2007 - 11.2009
Common Proficiency Test (CPT) - Entrance Exam For Chartered Accountancy Course
The Institute of Chartered Accountants of India
New Delhi, India 05.2007 - 05.2007
Bachelor of Commerce - Commerce
Panjab University
Chandigarh, India 03.2003 - 03.2006
12th Standard - 12th Standard
Punjab School Education Board
Mohali, Punjab, India 03.2001 - 03.2003
10th Standard - 10th Standard
Punjab School Education Board
Mohali, Punjab, India 03.2000 - 03.2001
Skills
Cash Flow Management
Financial Strategy Development
Working capital management
Capital Structure Optimization
Corporate Finance Expertise
Debt Financing Expertise
Strategic Financial Planning & Management
Regulatory Compliance Knowledge
Stakeholder Communication
Project management abilities
Timeline
Certified Forensic Auditor and Fraud Protection
05-2019
Qualified Eligibility Examination of Diploma in System Audits
05-2019
Group Chief Finance Officer (CFO)
Bhagwati Group Of Companies
01.2018 - Current
Certified Concurrent Auditor
07-2015
Managing Partner
A B S And Associates, Chartered Accountants
01.2013 - 01.2018
Chief Finance Officer (CFO)
Bhagwati Lacto Vegetarian Exports Pvt Ltd
12.2010 - 01.2018
Chartered Accountancy - Chartered Accountancy
The Institute of Chartered Accountants of India
07.2007 - 11.2012
Professional Competence Course (PCC) - Chartered Accountancy
The Institute of Chartered Accountants of India
07.2007 - 11.2009
Article Assistant
N.K. Bector & Co., Chartered Accountants
06.2007 - 12.2010
Common Proficiency Test (CPT) - Entrance Exam For Chartered Accountancy Course
The Institute of Chartered Accountants of India
05.2007 - 05.2007
Bachelor of Commerce - Commerce
Panjab University
03.2003 - 03.2006
12th Standard - 12th Standard
Punjab School Education Board
03.2001 - 03.2003
10th Standard - 10th Standard
Punjab School Education Board
03.2000 - 03.2001
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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