BIKASH SARAWAGI
Thane
Summary
A seasoned and results-oriented Finance Controller with over 11 years of expertise across diverse industries, including Recycling, Automotive, KPO, and Manufacturing. Proven track record in financial management, strategic planning, and risk assessment, with a strong aptitude for leading cross-functional teams and driving financial strategies that enhance profitability and growth. Seeking a senior leadership position to apply my financial acumen and contribute to the strategic success of a dynamic organization.
Overview
11
11
years of professional experience
1
1
Certification
Work History
GM - Accounts and Finance
Gemini Corporations N.V
Mumbai
11.2020 - Current
- Oversaw the preparation and finalization of quarterly and annual financial statements (IFRS-compliant) for the group company, along with monthly MIS reports for accurate financial insights.
- Collaborated with banks and NBFCs to secure project and working capital financing, ensuring the organization’s liquidity, and supporting growth initiatives.
- Provided strategic guidance to the executive team on aligning financial planning with business objectives, optimizing spending, and resource allocation.
- Generated detailed month-end management accounts and reports, including a comprehensive analysis of expenses and budget forecasts.
- Directed all tax-related functions, ensuring accurate calculations, filings, and adherence to regulatory requirements.
- Developed and implemented financial strategies that promoted sustainable business growth, and improved profitability.
- Established a proactive internal audit framework, strengthening compliance, and minimizing external audit risks.
- Facilitated asset transfers, addressed lender and equity stakeholder requests, and resolved audit inquiries with timely, accurate financial assessments.
- Set and managed budgets using historical and forecasted trends, maintaining financial health and operational stability.
- Cost Control and Profit Maximization: Created strategic cost-reduction initiatives that enhanced profitability, based on financial analysis and market trends.
- Payroll Management: Ensured smooth monthly payroll operations, guaranteeing timely and accurate compensation for employees.
- Team Leadership and Development: Cultivated a high-performing finance team, providing support to the accounting function, and enhancing financial reporting accuracy.
- Policy and Compliance Management: Regularly updated the finance department’s policy manual to reflect organizational changes and regulatory compliance standards.
- Incentive Program Development: Designed and implemented a performance-based initiative program, fostering motivation and productivity within the finance team.
GM Accounts & Finance
Bafna Motors Mumbai Pvt Ltd
Navi Mumbai
07.2013 - 10.2020
- Prepare and oversee the Monthly, Quarterly, and Annual MIS and financial statements of the organization
- Generate location-wise profitability analyses to aid strategic decision-making
- Manage day-to-day funds to optimize working capital, including daily cash flow and fund flow statements
- Oversee and control critical balance sheet values, including debtors, WIP, accruals, and prepayments
- Coordinate with banks and financial institutions for document submissions for periodic renewals and ad-hoc working capital requirements
- Prepare and submit Credit Monitoring Arrangement (CMA) data for banking and NBFC needs
- Approve and monitor cash and bank payments to vendors, employees, and others, ensuring adherence to authorized procedures
- Maintain end-to-end control of billing, invoicing, and payroll processing in line with company policies
- Generate due and overdue reports for banks, financiers, and OEMs
- Perform monthly budgeting and variance analysis to guide financial planning and resource allocation
- Ensure timely reconciliation across banks, trade advances, loans, branches, OEMs, and vendors
- Facilitate compliance with statutory requirements, including GST, TDS, TCS, PT, ESIC, and PF returns
- Reconcile GSTR 2A monthly and track provisional schedules for monthly closings
- Maintain statutory compliance timelines and support interdepartmental coordination for smooth operations
- Engage with auditors during audits to resolve queries and ensure accurate reporting
- Develop incentive programs for service centers and showrooms, aligned with organizational goals
- Conduct reviews with sales leaders to assess sales targets and OEM-offered incentives
- Escalate key issues to the Director or CFO as necessary for timely resolutions
Education
CA -
Institute of Chartered Accountants of India
11-2012
Bachelor of Commerce (H) -
Calcutta University
01-2010
Skills
- Financial Business Partnering
- Financial Planning & Analysis
- Cost Optimization
- Strategic Financial Management
- Budgeting and cost control
- Cash flow management
- Operational Excellence, Risk Control
- P&L Management
- Cost Management
- Analytical
- Effective communication
- Critical thinking
- Teamwork
- Time Management
- Leadership
Certification
Leadership and Change management – Organizational Leadership, IIM Ahmedabad, 02/21/21
Accomplishments
- Made significant contributions for the Odoo Implementation.
- Unit wise Budget, Costing, P & L A/c, Balance Sheet, Cash Flow and Consolidation, successfully handled Verra Statutory Audit.
- Played an important role in GST migration.
- Led financial restructuring initiatives, resulting in a 10% reduction in operational costs and enhanced reporting accuracy.
- Secured $12 million in capital through strategic negotiations, supporting key expansion projects and improving cash flow.
- Optimized cash management processes, reducing working capital needs by 15% and boosting liquidity.
- Implemented cost-control measures that increased profit margins by 10% year-over-year.
- Built and developed a high-performance finance team, increasing departmental efficiency by 25% through targeted training and process improvements.
- Drove a 7% increase in profitability through cost-reduction strategies and process optimizations.
- Improved working capital management, reducing financing needs by 20% and enhancing liquidity.
- Implemented a risk management framework that achieved full compliance and zero audit issues.
- Built and led a high-performing finance team, increasing department efficiency by 25%.
Languages
- English (Fluent)
- Hindi (Fluent)
- Marwari (Fluent)
Timeline
GM - Accounts and Finance
Gemini Corporations N.V
11.2020 - Current
GM Accounts & Finance
Bafna Motors Mumbai Pvt Ltd
07.2013 - 10.2020
CA -
Institute of Chartered Accountants of India
Bachelor of Commerce (H) -
Calcutta University
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