SAP/Dynamics 365/Oracle/Advanced MS tools
Ashfaque Basha S
Chennai
Summary
Dynamic Chartered Accountant and Licentiate Company Secretary with over 17 years of extensive experience in Finance and Accounts, Taxation, Management Information Systems (MIS), and Strategic Finance. Currently serving as Senior Manager – Finance and Accounts at Tata International Limited, responsible for finance leadership duties akin to a Deputy CFO, including strategy formulation, cost management, and comprehensive financial oversight. Proven ability to lead a diverse team of over 17 members while driving financial planning, budgeting, audits, and compliance across multiple business segments. Recognized for expertise in mergers and acquisitions, capital expenditure funding, and successful system migrations across various Enterprise Resource Planning (ERP) systems, consistently delivering impactful results through innovative solutions and collaborative leadership.
Overview
18
18
years of professional experience
1
1
Certification
4
4
Languages
Work History
Senior Manager,Finance & Accounts
Tata International Limited (CALSEA Footwear)
Chennai, Tamil Nadu
04.2024 - Current
- Leading the Finance & Accounts function across Athleisure, Men’s and Safety Shoes businesses.
- Acting in the capacity of Deputy CFO, contributing to business strategy, profitability improvements, and financial discipline and cash flow management and working capital facilitation.
- Managing a 17-member team with oversight on funding, vendor finance, treasury, and tax compliance.
- Coordinating across functions for budgeting, forecasting, cost control, and variance analysis.
- Driving system migration, supporting merger & buyout projects, and implementing synergy strategies.
- Liaising with external/internal auditors for statutory, internal, and IFC audits and ensuring IND AS compliance.
- Handling capex forecasting, financial reporting, and monthly book closures.
- Monitoring statutory compliances (GST, TDS, Income Tax), including assessment and litigation management.
Senior Manager- F&A [Grade G5]
Bahwan Cybertek Private Limited
10.2023 - 03.2024
- HOD Global Accounts Payable – Managing – Team of 7 resources.
- HOD Global Payroll – Managing – Team of 5 resources.
- Supervising Global Accounts Receivable function for treasury, taxation, and audit related compliances
- Handling and Managing Tax Team – Both Direct and Indirect Taxation for IT and GST Asst., TP Asst., WHT etc.
- Consolidation of Accounts and supervising MIS function and assist in Support Budget working.
- Managing and supervising Cash flow activities, fund planning, SPOC with Banker for various facilities, treasury
- Independently managing Internal Audit function and co-ordinating with Statutory Auditor for audit completion
- Advising HR and Administration on various tax strategies and employee pay-structure tax planning.
- Managing Insurance portfolio w.r.t various policies viz., CGL, E&O, Crime, D&O etc.
- Assisting Internal Automation team in automation projects for finance
Assistant Vice President- F&A
Hitachi Payment Services Private Limited
10.2015 - 10.2023
- Financial Accounting, Auditing and Reporting:
- Managing a team of 12 members [including 3 CA’s] and reporting to CFO directly
- Managing and reviewing General Ledger, Account Receivables, Account Payables
- Assist in preparing and scrutinizing Balance Sheet, P&L Schedules as per IND-AS/IFRS standards through consultants/internal auditors
- Managing Domestic / Import Inventory and Capex Accounting, reconciliation, record keeping and reporting
- Reviewing cash flow statements and enabling data-driven decisions.
- Evaluating financial operations to recommend best practices and identify issues and strategic solutions resulting in cost reduction, revenue enhancement, and profit maximization.
- Analyze Vendor ageing and adhere to payment deadlines and speeding the collection process for AR dues
- Adhering to Statutory, ICFR and J-Sox, Export Control Audits, in line with the IGAAP/IFRS standards.
- Assist in Monthly MIS closure and Budget plan and forecasting
- Monitoring Export Import for Bangladesh, Japan, Srilanka and Singapore
- Making Tax Provisions and Deferred Taxes on Quarterly basis and reporting to Head Quarters for consolidation
- Taxation and Treasury:
- Ensure accurate computation of and timely remittances of various tax (including GST) & statutory liabilities and all the returns are filed within due date and handle independently various tax audits [Form 3CD/Form 3CEB /Form 9/9C] and responding to various notices, appeals, hearings and appearing before authorities with proper details called for.
- Tax Planning and opting out tax optimum strategies and advising tax impact and incidence on various new business/deals and procurements/Investments with accurate sources and take appropriate viable decision.
- Completion of Income Tax Faceless Assessments/re-assessments without any disallowances/reservations
- Ensure Compliance of Salary and Non-Salary TDS/WHT for Domestic & International Transactions and timely issuing of Form 16/16A & Ensure all the foreign vendors pay-outs done with Form15CA/Form15CB
- Computation of Total Taxable Income and Taxes there on to quarterly basis and monitor regularly on Advance tax requirements and monitor and review ensure that LTDS certificate given to clients are deducted and utilized.
- Suggesting tax strategies and planning within the ambit of law and implementing where ever necessitate including but not limited to availing of ITC, framing of agreements, invoices, documents etc.
- Seeking legal opinion and filing AAR under GST wherever required
- Reviewing Revenue reconciliation [Form 26AS and AIS] and Expenses reconciliation for GST-ITC and TDS deductions
- Liaison with banker for Letter of Credit encashment and approaching for interest rate negotiations
- Co-ordinating for RODTEP/MEIS Scheme GST refund for zero rated export transactions
- Supply Chain / Legal / Commercial /HR/ Others:
- Co-ordinating with Warehouse, Procurement and Supply-Chain for assisting in various audit and shipment related
- Vetting Customer and Vendor agreement from the perspective of tax laws
- Assisting in filing various licence with RBI for payment aggregator / WLA license renewals and for periodical reporting
- Tax Planning and opting out tax optimum strategies and advising tax impact and incidence on various new business/deals and procurements/Investments with accurate sources and take appropriate viable decision
- Interviewing candidate for finance department
- Co-ordinating with various other consultants relating to finance, treasury and taxation.
- Assisting secretarial and FEMA compliances [SFT etc.,]
- Assisting Insurance department for monitoring claim receivables and reducing the TAT at frequent intervals
- Assisting HR department to articulate various policies w.r.t tax points [Car pool policy, Leasing policy, Expats IT etc.,]
- Assisting CFO/ CEO/ Director / KMP’s on various stock / investment related strategies through technical analysis
Manager- Finance & Accounts [ Head Office] / Finance Controller [Factory]
K.H. Exports India Private Limited
02.2012 - 09.2015
- Managing and Supervising Overall Accounts & Finance Team with team strength of eight subordinate
- Periodical closure of Books and reporting the figures to management
- 100% Direct & Indirect Tax compliances from computation, remittances, return filing and assessment completion and responding to notices and approaching for tax refunds
- Preparing and summarizing division wise MIS / Budget reports to provide feedback to top management on financial performance, cash flow, profitability, Debtors, Creditors, Working Capital Overhead report etc.
- As an Internal auditor / financial controller, audited various stores/departments and found various cost control / reduction strategies and implemented the rewarding and achievable process
- Ensure timely implementation of procedures/process as recommended by board for cost control/reduction
- Maintaining and verifying books of accounts for School, Hospital and Trust and filing Annual Tax returns and submit details to IT Assessing officer for obtaining lower TDS rate certificate for Hospital
- Coordinate and support Payroll Department for ESI / EPF Audit and ISO Audits
- Preparing Inventory Turnover Ratio report and speeding up the liquidation of stock and restricting order of excess material by monitoring Bill of Material and Cost Sheet
- Assist Costing department in arriving and fixing cost of product and cost sheet preparation
- Cost and Benefit Analysis of Capital Expenditure and projection of Return on Investment there to
- Comparison of and preparing a study report of Cost in PO and Cost of final product procured and Freight Cost comparison for Import/Export and debiting to carrier agents in case of excess freight charged.
Audit Assistant
D. Sampath Kumar & Co., -Chartered Accountants [Firm existing since 1949]
01.2008 - 10.2011
- Worked under guidance of Auditor and senior audit staff and completed 3.50 years training period under PCC Scheme
- Comparing, cross checking, vouching & verification of various documents, bills, invoices, records, BOE returns, challans, statements and assist auditor in smooth completion of Statutory audits & Tax Audits
- Assisted in auditing various Public Limited, Private Limited Companies, Hospitals, Trusts, Bank & School
- Independently preparing/drafting Balance Sheet & Profit and Loss Account for different class of assesses
- Filing of Income Tax Return, VAT/ Service Tax. / TDS return for all class of assesses (Individuals, HUF, Firms etc.,)
- Applying for PAN/TAN, VAT/CST, Service Tax Registrations
- Preparing and e-filing Tax Audit Report Form 3CA/3CB and Form 3CD and assisting in Domestic Transfer Pricing
- Major Clients segment handled: Leather Exports, Hotel, Garments, FMCG, NBFC’s, Hospital and School
Education
FCA-Chartered Accountant -
ICAI
01.2012
LCS-Licentiate Company Secretary - undefined
ICSI
01.2013
B.Com - undefined
Thiruvalluvar University
01.2007
Skills
Financial accounting & auditing expertise
Accomplishments
- Supervised team of 17+ staff members.
- Achieved optimum use of resources through effectively helping with work planning and allocation.
- Documented and resolved Tax Assessements and litigations which led to saving of demanded tax and penalties.
- Achieved On-time reporting of MIS and book closures and Tax compliances with accuracy and efficiency.
Additional Information
Languages Known to Speak: Hindi, Urdu, Tamil and English
Software
Certification
Completed 100 hours training programme ICAI
Interests
Analysing Stock market and studying technical analysis, Playing Cricket, reading books, Playing Sudoku and Puzzles
Awards & Accomplishments
Best People Manager Award-(2025)-Tata International Ltd, Most Valuable Performer Award- 2021- 2022 & 2017-18 (Hitachi), Best Team Award- 2021-22 & Best Cricket Bowler Award-2022 (Hitachi), University 3rd Rank and first candidate in university to secure 100% in Tax Law, Member of Finance Committee, C. Abdul Hakeem College of Arts & Science, 15 Days General Management and Communication Skill Course-ICAI, Participated in Various Quiz, Writing, reading competitions and won prizes, Various recognitions for handling audits, assessments, cost control and reductions and revamping initiatives
Career Summary
- S.Dhanya Kumar & Co., Chennai Audit Assistant Jan-08 to Oct-11
- K.H. Exports India Pvt Ltd Manager- Finance & Accounts (F&A) Feb-12 to Sep-15
- Hitachi Payment Services Pvt Ltd >>>> Manager-F&A Oct-15 to Mar-18
- Promoted – Senior Manager-F&A Apr 18 – Mar 21 Promoted - Assistant Vice President-F&A April-21 to Oct-23
- Bahwan Cybertek Pvt Ltd as Senior Manager - F&A Oct-23 – Mar-24
- Currently working as Senior Manager-F&A with Tata International Ltd (Calsea Footwear) April-24 to till date
Timeline
Senior Manager,Finance & Accounts
Tata International Limited (CALSEA Footwear)
04.2024 - Current
Senior Manager- F&A [Grade G5]
Bahwan Cybertek Private Limited
10.2023 - 03.2024
Assistant Vice President- F&A
Hitachi Payment Services Private Limited
10.2015 - 10.2023
Manager- Finance & Accounts [ Head Office] / Finance Controller [Factory]
K.H. Exports India Private Limited
02.2012 - 09.2015
Audit Assistant
D. Sampath Kumar & Co., -Chartered Accountants [Firm existing since 1949]
01.2008 - 10.2011
LCS-Licentiate Company Secretary - undefined
ICSI
B.Com - undefined
Thiruvalluvar University
FCA-Chartered Accountant -
ICAI