JSW Group
02.2018 - Current
CA . CS JITENDRA SUKHANI
Andheri, Mumbai
Summary
Chartered Accountant and Company Secretary from India, with 17 years of work experience and Diploma in IFRS (ICAI). Proficient with SAP, Tally, MS Office. Excellent communication, Inter personal skills, Committed to accuracy and efficiency as achieved through hard work and attention to detail.
Work History
Head
Real Estate Arm of JSW Group
02.2018 - Current
- F&A Reporting to – CEO & Promoter
- JSW Group is a $ 22 Billion Group with a presence in various sectors like Steel, Energy, Infrastructure, Cements, Paints, Venture Capital and Sports
- Key Areas of Responsibility –
- Corporate & Project Finance
- Raising Project finance from Banks & Financial Institutions;
- Credit rating for financial facility;
- Financial feasibility & Modelling for evaluation of New Projects i.e., IRR, Sensitivity analysis & profitability;
- Funding structure for New Projects i.e., nature of funding & SPV structure for optimizing the tax outflow
- Contracts & Legal
- Finalizing & execution of the transaction documents & security creation for various financial facilities;
- Review of Development Agreement & MOUs for new projects;
- Review of RERA Agreements with the customers;
- Review of consultant & contractor’s contracts from commercial perspective
- Corporate Accounts, Compliance & MIS
- Responsible for Statutory, Internal Audit, Tax Audit and Internal Financial Control (IFC) and tax compliance;
- RERA Compliances;
- Preparation of MIS like Annual Business Plan, Project cost, monthly cash flow projections
- Secretarial Compliances
- Conducting quarterly Board Meetings & circulation of Minutes;
- Incorporation of Companies;
- Secretarial Compliances for Issue of Optionally Convertible Debentures (OCD’s);
- Annual Secretarial compliances
Shapoorji Pallonji Infrastructure Group
08.2014 - 01.2018
AGM
Shapoorji Pallonji Infrastructure Capital Company Private Limited
08.2014 - 01.2018
- Accounts & Taxation Reporting to – CFO
- Shapoorji Pallonji Infrastructure Capital Company Private Limited (SPICCPL) is An Infrastructure arm of Shapoorji Pallonji Group engaged in the infrastructure business of road, port, power and renewal energy business
- It has projects worth appx Rs 24,000 Crores under execution
- Areas of Responsibility –
- Corporate Accounts
- Finalization of Accounts (standalone & Consolidated) - Monthly/Quarterly/Annual basis (IGAAP & IND AS);
- Statutory Compliances
- Implementation of GST;
- Compliance with regard to Overseas Direct Investment (ODI) and Foreign Direct Investment (FDI);
- Oversee filing of returns with the Income tax authorities, determination & payment of tax, preparation of tax audit report and attending tax authorities for assessments and appeals;
- Ensuring the legal compliance with respect to payments and filing of returns of the various statutory obligations like TDS, Service Tax, works contracts tax etc
- Working Capital Finance
- Opening of Letter of Credit and BG
- Hedging of foreign currency exposure
- Management of cash flows i.e., investment of surplus funds in mutual funds, Fixed deposit
Equinox Realty, Essar
01.2009 - 07.2014
Senior Manager
Equinox Realty & Infrastructure Capital Company Private Limited
01.2009 - 07.2014
- F&A Reporting to – JGM – F&A
- A realty arm of Essar Group Company engaged in the construction of Commercial and residential projects across India
- The Essar Group is a global conglomerate and a leading player in the sectors of Steel, Energy (Oil & Gas and Power), Infrastructure (Ports, Projects) and Services (Shipping, Telecom, Realty and BPO)
- Areas of Responsibility –
- Corporate & Project Finance
- Preparing financial projections (model) to be submitted to bank for seeking construction finance and Lease rental discounting (LRD) facility;
- Preparing CMA data and appraisal of working capital proposal;
- Arranging for short/long term debt requirement, funded/non funded facilities;
- Drafting Information Memorandum, Term sheet, presentation and proposal note for sourcing debt capital from banks and financial institutions;
- Determining the valuation of the Company based on different valuation models;
Price Water House
01.2007 - 12.2008
Associate
Price Waterhouse & Co
01.2007 - 12.2008
- Senior Manager, Assurance
- One of the world’s leading and global practicing accounting firm having diversified clientele in the field of manufacturing, engineering, services, etc
- Areas of Responsibility – Audit & Assurance
Lodha & Co, JSW Realty
02.2006 - 12.2006
Audit Executive
Lodha & Co
02.2006 - 12.2006
- Reporting to – Manager & Partner
- Areas of Responsibility – Audit & Assurance
- Agrawal Pramod & Co
Article Trainee
MIS
08.2001 - 07.2004
- Budgeting
- Preparation and review of monthly P&L of different projects, analysis of major deviation and other Movements;
- Determination of the Project cost and comparison with the budget for variance;
- Report on compliance of financial covenant for term loan facility;
- Submission of Project status lender’s report to the financial institutions;
Education
Diploma - IFRS / IND
The Institute of Company Secretaries of India
Certified Treasury Management - undefined
The Institute of Chartered Accountants of India
Chartered Accountant (CA - undefined
The London Academy of Professional Education & Research
Bachelor of Commerce (B.Com - undefined
The Institute of Chartered Accountants of India
undefined
Shri Chinai College of Commerce & Economics – Mumbai University
Skills
undefined
Timeline
JSW Group
02.2018 - Current
Head
Real Estate Arm of JSW Group
02.2018 - Current
Shapoorji Pallonji Infrastructure Group
08.2014 - 01.2018
AGM
Shapoorji Pallonji Infrastructure Capital Company Private Limited
08.2014 - 01.2018
Equinox Realty, Essar
01.2009 - 07.2014
Senior Manager
Equinox Realty & Infrastructure Capital Company Private Limited
01.2009 - 07.2014
Price Water House
01.2007 - 12.2008
Associate
Price Waterhouse & Co
01.2007 - 12.2008
Lodha & Co, JSW Realty
02.2006 - 12.2006
Audit Executive
Lodha & Co
02.2006 - 12.2006
Article Trainee
MIS
08.2001 - 07.2004
Diploma - IFRS / IND
The Institute of Company Secretaries of India
Certified Treasury Management - undefined
The Institute of Chartered Accountants of India
Chartered Accountant (CA - undefined
The London Academy of Professional Education & Research
Bachelor of Commerce (B.Com - undefined
The Institute of Chartered Accountants of India
undefined
Shri Chinai College of Commerce & Economics – Mumbai University
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