CA Sanjay Sharma
Hyderabad
Summary
Seasoned Chartered Accountant with over 20 years of experience in financial management, strategic planning, and operational excellence. Proven track record in leading large-scale finance teams and driving financial performance in complex organizations. Expertise in IND AS, IFRS, US & UK GAAP, and a deep understanding of financial reporting, taxation, and compliance. Strong leadership skills and a passion for delivering results. Industry experience includes manufacturing, Mining & Infrastructure; Truck leasing and Rental, IT & BPO Industry, Pharmaceuticals, Retail and Brewery.
Overview
19
19
years of professional experience
1
1
Certification
Work History
CFO (Chief Financial Officer)
Value Line India Private Limited
Hyderabad
02.2022 - Current
- Act as strategic business partner to senior executive leadership team
- Assess and evaluate financial performance about long/short term operational goals and forecasts
- Preparing and implementing the entire AOP (Annual Operating Plan) for the business
- Driving the expectations of the Board, MD and then guiding the respective BU's by creating an internal business plan
- Month end/ Year End closing as per IND- AS
- Preparation and Presentation for Board Meeting, Investment Committee
- Audit closure
- Oversee the preparation and timely filing of all direct and indirect tax returns (GST, TDS and Annual Returns)
- Calculation of Equity and Enterprise Value
- Performing due diligence of the entire transaction, Negotiating on the valuation and post due diligence
- Guiding the CS and Legal functions on the overall compliances
- Reviewing the agenda, minutes of the Audit Committee, Board Meeting proceedings
- Monitor cash balances and cash forecasts and ensuring working capital adequacy
- Evaluating the different sources of finances (debt, equity, and preference) to suit the funding requirements for both organic and inorganic needs
- Working towards to define the standard operating procedure of the entire group and migrating into new ERP system.
Co-Founder, Self-employed, Freelancer Consultant
Wondrous Management Private Limited
11.2015 - Current
- Stock audit of various constituents of the banking sector
- Bank for which such work is done are HSBC Limited, Development Bank of Singapore, Standard Chartered Bank, IndusInd Bank, ICICI Bank Limited, Bank of Baroda, Yes Bank, RBL Bank, Kotak Mahindra Bank
- Direct Taxes (Income Tax - Non-Corporate): Providing advice on applicability of Income Tax, Compliance review of Income Tax System, Planning of tax incidence within applicable framework, TAX audit under section 44AB of the Income Tax Act, 1961, Filling of return
- Indirect Taxes (GST, Royalty, Service Tax, CST): Planning of the incidence of tax at initial stage of transactions, Review of the set up to confirm with required legislations, rendering of advice on applicability and levy of Indirect tax, documentation, records & system integration and compliance
- Corporate compliance supports for MCA (Ministry of Corporate affairs).
Manager (Assistant Director)
EY Global Delivery Service (GDS) India Private Limited
Bengaluru
03.2018 - 02.2022
- Participation in FBPO transition for multi country client
- Controller for managing 4 countries (UK, Sweden, Ireland and Austria) out of 29 countries
- Responsible for managing processes of AR-Non Trade, Intercompany, Commissions, Royalties, Fixed Asset processes for EMEA region (20+ entities)
- Managing team size of 15+ members
- Managing multiple engagement for multi country basis on Book keeping and reporting
- Daily cooperation with client Accounting and FP&A management to provide results for EMEA countries
- Coordinate and review the activities that are performed in the Centres of Excellence and EY local offices
- Liaise with the Client Global Process Owners on the accounting processes and continuous improvement opportunities
- Co-ordinate with auditor to complete the Statutory / Internal auditor and local EY team in preparation of financial statement and compliances
- Develop, implement, and manage new client strategic processes.
Senior Manager
GENPACT
Hyderabad
10.2011 - 02.2018
- Managed operation of Record-to-Report (R2R) process for tier 1 complex entities for US based Truck Leasing Major handling suite of products including Balance sheet reconciliation, Inter Company, Revenue & Expenses accounting, Inventory management, MIS
- Led a team of 100 members with direct reportee of 13 Managers and team leads
- Managed operations of Record-to-Report (R2R) process for tier 1 complex entities of one of one of the top three global beverages companies with €19bn revenue
- Key areas of responsibilities include GL accounting & closing, Fixed Assets, inter-company, banking & treasury activities, taxation (VAT & Intrastat) and Business Process Management (BPM)
- Led a team of 22 members in R2R and BPM reporting
- Handled key prototype transition from the stage of solution identification, hiring, training, and toll gate documentation to Go-Live
- Responsible for month-end closing, dashboard publishing, process improvement, budget formulation, cross-training plans, reviewing, variance analysis (by providing the commentary on B/s & P/l against annual Budgets) and posting of journals, SOPs, process maps, variance analysis and through checking of accounts pre and post close
- Developed & managed effective working relationships in the organization, actively liaising with all customers and related stakeholders
- Managed SLAs (CPI/KPI) and delivered activities for the entire general accounting team
- Worked upon annual budget, forecasting and variance analysis to corporate for respective process aligned with FP&A team
- Managed month-end close of a top two global retail pharmacy client with $74bn revenue, following IFRS/UK GAAP/US GAAP norms adhering to the SLA
- Prepared audit reports and made recommendations to ensure that accounts are prepared and maintained in conformance with statutory obligations.
Deputy Manager
ADHUNIK GROUP OF INDUSTRIES
Kolkata
10.2009 - 09.2011
- Maintained and scrutinized statutory books of accounts viz., Journal, Ledger, Cash / Bank book and subsidiaries in compliance with time & accuracy norms of branches and HO
- Handled Receivable/Payable management: key responsibilities involved preparing and following up on account receivables after invoicing of debtors, conducting ageing analysis with an aim to keep receivables under control and collection of payments, ensuring timely payments to suppliers, managing accounts payable within the pre-set parameters, accounting of rejection and reconciliation, managing the fortnightly vendor's payment processing, and ensuring accurate accountability of the same in terms of expenditure and TDS provisions
- Coordinated with auditors for quarterly, internal and statutory audit formalities, compliance & queries to improve accounting system along with to finalize the books of accounts at unit level and consolidated
- Performed timely review of subordinate performance, training and assisting subordinates when needed
- Performed data analysis & prepared MIS reports to provide feedback to top management on financial performance, viz
- Fund management and aging analysis, other expenses
- Handled budgetary control of Corporate including 9 operated mines located in eastern part of India & implemented cash-budgeting system and identify the variance with suitable commentary from different segment of the businesses
- Formulated budgeting, forecasting and conducted variance analysis to determine difference between projected & actual results and implementing corrective actions.
Finance Controller
SPML Infra Limited
Indonesia, Singapore and Kolkata
10.2006 - 09.2009
- Controlled overall finance and accounts activities; exercised accounting control on a daily basis, and was responsible for implementing the accounting system
- Handled fund mobilization, planning, and allocation; financial planning and setting of business strategies
- Liaised and worked with officials in the Banks in Indonesia
- Handled budgetary control and implemented cash-budgeting system
- Evaluated new business process and implemented accounting processes
- Managed cash flow, fund Flow, BEP Analysis, CVP Analysis and other MIS
- Ensured compliance with Indonesian statutory requirements
- Identified and mobilized resources for accounting at mining, trading, and administrative locations
- Monitored working capital, accountable for meeting all management needs in a timely manner
- Coordinated with auditors of the company for finalization of accounts process i.e., B/S, P/L
- Consolidated income & expenses of all the projects, prepared CMA data for sanctioning Limit both Fund and Non Fund Based with consortium and individual bankers.
Partner
AC BHUTERIA & Co
Kolkata
05.2005 - 09.2006
- Maintained and finalized computerized accounts in accordance with legal requirements and professional pronouncements
- Managed Account Receivables, Payable, Cash Management, Monthly BRS
- Handled several audit assignments for firms across industries - manufacturing, finance, construction, non-banking finance, partnership firms, sole proprietorship firm, Trust BSE Inspection
- Stock audit of various constituents of the banking sector
- Bank for which such work is done are HSBC Limited, Development Bank of Singapore, Standard Chartered Bank, IndusInd Bank, ICICI Bank Limited, Bank of Baroda, Yes Bank, RBL Bank, Kotak Mahindra Bank
- Direct Taxes (Income Tax - Non-Corporate): Providing advice on applicability of Income Tax, Compliance review of Income Tax System, Planning of tax incidence within applicable framework, TAX audit under section 44AB of the Income Tax Act, 1961, filling of return
- Indirect Taxes (Royalty, Service Tax, CST): Planning of the incidence of tax at initial stage of transactions, Review of the set up to confirm with required legislations, rendering of advice on applicability and levy of Indirect tax, documentation, records & system integration, and compliance
- Corporate compliance supports for MCA (Ministry of Corporate affairs).
Education
Chartered Accountant -
Institute of Chartered Accountants of India
01.2005
Bachelor of Commerce -
University of Calcutta, Kolkata
01.2002
Skills
- Financial Accounting & Reporting
- Taxation & Statutory Compliance
- Financial Planning & Analysis
- Budgeting & Forecasting
- Risk Management
- Internal Audit & Control
- Team Leadership & Management
- Change Management
- Technology Implementation (ERP, RPA)
- IND AS, IFRS, US & UK GAAP
- M&A Due Diligence
Affiliations
- Associate members of Institute of Chartered Accountants of India since 2005.
- Members of Federation of Indian Professionals, New Delhi
- Master Class on Indian Corporate Laws – July 2020
- Master Class on IndAS (Indian Accounting Standard equivalent to IFRS / IAS) – August 2020
Accomplishments
- Migrating entire mining operation from Tally to SAP using FICO module (2009 - 2011)
- I received multiple client and management awards for outstanding performance in month end reporting, year-end closure and improvement (2011 - 2018)
- Received Exceptional Client servicing quarterly award from EY in November 2019 for the quarter July’19 to September’19.
- Increased the team size by additional 60 FTE’s by successful sign off Management Reporting process within the stipulated timeliness for brewery process (2014-2015)
- Two successful onsite transitions of new processes, migration and stabilisation of new RtR processes, beginning with solution identification, hiring, training, toll gate documentation, and going live for 35 FTEs.(2014-2015)
- Drove automation projects in reconciliation, closing, and reporting, day-to-day listed activities, and cross-functional team management, resulting in 8 FTE productivity in the truck leasing and rental processes.(2016 - 2017)
- Increased the team size from scratch to 15 FTEs by successful sign off couple of engagement transition in GDS Platform, right from Solution Identification, Hiring, Training, Toll gates documentation and Go Live. (2019-2022)
- Drove a couple of standardisation projects in journal preparation and reporting, which resulted in 96% time savings during period end close.(2019-2022)
- Learning leader for Finance operate Team, develop Training module for new joiner. (2019-2022)
Certification
- NSE Certification – NSDL Depository and Capital Markets – 2006
- Lean Six Sigma Certification – 2013
Itskillserp
- ERP - SAP, Oracle, People Soft, MS Navision, Quick Books, Tally and some legacy and country specific accounting software.
- Advanced knowledge in Excel and other MS Products
- Workflow tools - ARCO, ARM, Rental Nets, Savvion etc.
- Power BI (Basics) and Visual Basic for Macro (Intermediate)
Personal Information
- Father's Name: Mr. Vinod Kumar Sharma
- Date of Birth: 09/16/80
Passportdetails
Z3450633 - valid until 11/2025
Visadetails
Canada B1 Visa - Valid until 11/14/2025
Languages
Hindi
First Language
English
Proficient (C2)
C2
Bengali
Proficient (C2)
C2
References
References available upon request.
Timeline
CFO (Chief Financial Officer)
Value Line India Private Limited
02.2022 - Current
Manager (Assistant Director)
EY Global Delivery Service (GDS) India Private Limited
03.2018 - 02.2022
Co-Founder, Self-employed, Freelancer Consultant
Wondrous Management Private Limited
11.2015 - Current
Senior Manager
GENPACT
10.2011 - 02.2018
Deputy Manager
ADHUNIK GROUP OF INDUSTRIES
10.2009 - 09.2011
Finance Controller
SPML Infra Limited
10.2006 - 09.2009
Partner
AC BHUTERIA & Co
05.2005 - 09.2006
Chartered Accountant -
Institute of Chartered Accountants of India
Bachelor of Commerce -
University of Calcutta, Kolkata
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