CA Nishit Shah
Summary
Experienced with financial planning and analysis, strategic budgeting, and team leadership. Utilizes financial acumen to drive organizational growth and efficiency. Track record of implementing robust financial controls and fostering collaborative team environments.
Overview
25
25
years of professional experience
1
1
Certification
Work History
Business Development Manager
ITAAKASH Software Development Private Limited
07.2023 - 04.2025
- Company Overview: Software Development organization developing ERP System for Real Estate and Mfg.Sector
- Developed customized solutions for clients based on a deep understanding of their unique pain points, delivering exceptional value and driving repeat business.
- Coordinated with product development teams to ensure offerings met market demands and client expectations.
- Developed and maintained strategic partnerships to provide added value to clients and increase competitive advantage.
Manager – Audit & Assurance
AKGVG & Associates (Delhi / Ahmedabad)
06.2022 - 06.2023
- Company Overview: Top 20 Auditing firm in India offering various services includes Statutory Audit , Internal Audit , Assurance , Due Diligence
- Ensure 100% accurate reporting in Form 3CD without material misstatements.
- Complete reconciliation of turnover, income, and statutory dues .
- Verify TDS/TCS compliance and highlight defaults with corrective action.
- Report all disallowance and adjustments as per Income-tax Act.
- Deliver audit report within statutory deadline .
- Transfer pricing analysis, documentation review, Intercompany transactions valuation technique evaluation based on Market scenario
Proprietor
Own Firm (Freelancing & Industrial Practice)
10.2019 - 05.2022
- Company Overview: Currently working under retainership with Mfg organization for Accounts, Tax Compliance, Audit. Also having portfolio of MSME Subsidy Central & State Government
Finance Manager
Greenpedia Bike Share Private Limited
09.2017 - 07.2019
- Company Overview: Into Business of renting Bicycles- Revenue 250k$
- Overseeing bookkeeping, vendor invoices, payroll, and expense management
- Ensuring compliance with GST, TDS, Income Tax, Companies Act filings.
- Coordinating with statutory and internal auditors.
- Ensure 100% compliance with statutory and investor reporting.
- Build financial dashboards for founders with real-time metrics.
- Achieve cost reduction of 12% through vendor negotiation and process automation.
- Looking after Payroll Management complying with all Labour Laws
Finance & Operations Manager
ASL Credit Limited- Ramco Group
03.2017 - 06.2017
- Company Overview: Hire Purchase Finance Business- Revenue of 9M $
- Enhanced financial reporting accuracy through meticulous review of data and implementing system improvements.
- Oversaw accounts payable and receivable functions, ensuring timely payments and accurate tracking of outstanding balances.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
Group Payment Officer
Devki Group-Devki Steel Company Limited
09.2015 - 01.2017
- Company Overview: Steel,Cement,Roofing sheets- Topline of 250M $
- Ensure timely and accurate processing of vendor invoices.
- Maintain error rate within defined threshold (e.g.,
- Monitor three-way matching (PO, GRN, Invoice).
- Optimize payment cycles to balance vendor satisfaction and company cash flow.
- Ensure payments are made within agreed credit terms.
- Support treasury in cash flow forecasting by providing accurate AP data.
- Maintain strong vendor relationships through timely resolution of queries.
- Negotiate payment terms and discounts.
- Monitor vendor ageing and prevent disputes
Senior Accountant
Middle East Paper Company KSA- Jeddah
12.2014 - 06.2015
- Company Overview: Mfg of Carton Paper- Topline of 220M $
- Map as-is (current processes) and to-be (optimized ERP processes).
- Define business process reengineering where required.
- Review a detailed blueprint covering Finance, Procurement, Sales, HR, Inventory, etc.
- Configure ERP modules as per business requirements.
- Set up Chart of Accounts, tax rules, approval workflows, and reporting structures.
- Define user roles, access controls, and internal controls
- Comparison of Financial Data of Legacy system with SAP
Sr.Manager-F&A
Chheda Electricals & Electronics Private Limited
06.2013 - 02.2014
- Company Overview: OEM of Auto components having supplies to Two Wheeler Mfg-TVS, Hero, Bajaj Topline-15M $
- Ensure timely and accurate monthly, quarterly, and annual financial statements.
- Monitor liquidity and working capital (AR, AP, inventory).
- Prepare daily/weekly/monthly cash flow statements.
- Support treasury in fund management, banking, and financing arrangements.
- Lead automation initiatives in accounting and reporting.
- Implement ERP enhancements and financial dashboards.
Manager-F&A
Mukwano Industries U Limited-Uganda(Mukwano Group) Uganda(East Africa)
09.2011 - 05.2013
- Company Overview: Leading FMCG co mfg. of Edible Oil, Laundry Soap, Toilet Soap, Detergent Powder, Plastics Items Topline-250M $
- Oversee day-to-day accounting (AP, AR, GL, fixed assets, payroll).
- Ensure accuracy and completeness of financial records.
- Manage month-end and year-end closing activities.
- Prepare and review monthly, quarterly, and annual financial statements.
- Ensure adherence to statutory requirements -WHT , Income Tax
- Coordinate with statutory, internal, and tax auditors.
- Prepare audit schedules and ensure smooth closure of audits.
Finance Controller
Johnson Screens (India) Private Limited-Subsidiary of Johnson Screens USA(Weatherford Group) Gujarat
09.2010 - 08.2011
- Company Overview: Mfg. of ‘V'wire screens for Mining, Sugar Industries SS Nozzles for Chemical, Gas industries Topline-8M $
- nsure timely and accurate preparation of financial statements (monthly, quarterly, annual).
- Compliance with accounting standards (Ind-AS/ US GAAP, as applicable).
- Coordinate with statutory auditors for smooth closure of audits.
- Ensure timely filing of statutory returns (Income Tax, GST, ROC, etc.).Lead preparation of annual budgets and rolling forecasts.
- Provide management with accurate MIS reports (P&L, balance sheet, cash flow).
- Analyze variances and recommend corrective actions.
- Provide insights for strategic decision-making (pricing, capex, expansion).
Assistant Manager-Tax
Erhardt + Leimer (India) Private Limited-Sanand,Gujarat
10.2008 - 08.2010
- Company Overview: Mfg. of web guiding system for Textile, paper, corrugating, film, Tyre, Rubber, Non-woven and Printing Industries Topline-7M $
- Timely preparation and filing of corporate income tax returns.
- Advance tax computations and payments without penalties.
- Ensuring compliance with withholding tax (TDS/TCS) provisions.
- Coordinating with auditors for tax audit (Form 3CD, 3CA/3CB)
- Drafting replies for tax notices, assessments, and appeals.
- Liaising with tax consultants, advisors, and legal counsels.
- Representing the company before tax authorities.
- Ensure compliance with arm’s length pricing requirements.
Internal Auditor
Bluecoat Private Limited-Ahmedabad
01.2006 - 09.2008
- Company Overview: Mfg. of synthetic resins, Adhesives, Textile Chemicals Topline 6M $
- Identify high-risk areas (financial, operational, compliance, IT).
- Develop risk-based internal audit plans and schedules.
- Align audit scope with business objectives and regulatory requirements.
- Verify accuracy of financial records and statements.
- Review accounting policies, reconciliations, provisions, and reporting.
- Detect irregularities, misstatements, or fraud risks
Accounts Executive
Bonus Plastics Private Limited-Bavla-Ahmedabad
11.2003 - 12.2004
- Company Overview: Mfg. of PP,HDPE Belts, Niwar Topline 5M $
- Maintaining books of Accounts and Monthly MIS
- Handled Direct and Indirect tax Compliance - Income Tax , TDS , VAT, Excise , Service Tax
- Looking after payroll Management and Compliance
- Preparing monthly MIS to Management - Balance sheet , Profit & Loss Account and Cash Flow
Audit Trainee
Atul Dalal &Co.-Ahmedabad
06.2000 - 06.2003
- Company Overview: CA Firm
- Maintained up-to-date knowledge of accounting standards and regulations through continuous professional development activities.
- Prepared working papers, reports and supporting documentation for audit findings.
- Handled Internal Audit , Statutory Audit , Tax Audit , Stock Audit of Business entities
- Filing Income tax returns , TDS Returns , VAT , Excise compliance
Education
C.A. Final -
ICAI
01.2009
B.Com - undefined
N.C. Bodiwala College
01.2000
H.S.C. - undefined
H.B. Kapadia High School
01.1997
S.S.C. - undefined
New Education High School
01.1995
Skills
- Largely Self-motivated and Team Player
- Ability to do multi task, think strategically and prioritize activities and opportunities based upon reward and risk, cost and benefit
- Ability to drive results by managing resources
Certification
- General Management & Communication Skills conducted by ICAI, Year of Attendance: 2008, Duration: 15 DAYS
- Excise & Service Tax conducted by AMA, Year of Attendance: 2009, Duration: 2 Days
- Derivative Market(Dealers) Module conducted by NCFM, Year of Attendance: 2007, Duration: 1 Day
Personal Information
Gujarati, Hindi, English
Timeline
Business Development Manager
ITAAKASH Software Development Private Limited
07.2023 - 04.2025
Manager – Audit & Assurance
AKGVG & Associates (Delhi / Ahmedabad)
06.2022 - 06.2023
Proprietor
Own Firm (Freelancing & Industrial Practice)
10.2019 - 05.2022
Finance Manager
Greenpedia Bike Share Private Limited
09.2017 - 07.2019
Finance & Operations Manager
ASL Credit Limited- Ramco Group
03.2017 - 06.2017
Group Payment Officer
Devki Group-Devki Steel Company Limited
09.2015 - 01.2017
Senior Accountant
Middle East Paper Company KSA- Jeddah
12.2014 - 06.2015
Sr.Manager-F&A
Chheda Electricals & Electronics Private Limited
06.2013 - 02.2014
Manager-F&A
Mukwano Industries U Limited-Uganda(Mukwano Group) Uganda(East Africa)
09.2011 - 05.2013
Finance Controller
Johnson Screens (India) Private Limited-Subsidiary of Johnson Screens USA(Weatherford Group) Gujarat
09.2010 - 08.2011
Assistant Manager-Tax
Erhardt + Leimer (India) Private Limited-Sanand,Gujarat
10.2008 - 08.2010
Internal Auditor
Bluecoat Private Limited-Ahmedabad
01.2006 - 09.2008
Accounts Executive
Bonus Plastics Private Limited-Bavla-Ahmedabad
11.2003 - 12.2004
Audit Trainee
Atul Dalal &Co.-Ahmedabad
06.2000 - 06.2003
B.Com - undefined
N.C. Bodiwala College
H.S.C. - undefined
H.B. Kapadia High School
S.S.C. - undefined
New Education High School
C.A. Final -
ICAI
Software Proficiency
ERPs - SAP (FI/CO, MM, SD, PP, HCM)
Oracle 11i
Strategic ERP
Tally Prime , Zoho , Quick Books
MS Office / Productivity Tools
MS Excel (Advanced: Pivot Tables, VLOOKUP, Macros, Power Query, Power Pivot)
MS PowerPoint (financial presentations, dashboards)
MS Word (reporting & documentation)
Latest Updating
- Compliance under IFRS
- Transfer Pricing compliance-Domestic and International
- Basic understanding of GST
- Safe Harbour Rules and Advance Pricing Agreement
- Quickbooks online Pro Advisor Certification
STRENGHTS
- Good Self Confidence
- Ability to work under pressure and meet deadlines
- Commitment to gaining in professional field
- Ongoing self development,self motivated
- Understanding the people behavior
- Tactful but assertive
Weakness
- Perfectionism
- Delegation
- Impatience with Delays
- Asking for Help
- Technical Skill Gap
- Aggressive
Hobbies and Interests
Reading, Cricket, Music
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