Summary
Overview
Work History
Education
Skills
Timeline
OfficeManager
DEEPAK LAKHANI

DEEPAK LAKHANI

Chartered Accountant From ICAI, India
Mumbai

Summary

A highly accomplished and results-driven CFO with a proven track record of 27 years in the finance domain. Demonstrated expertise in financial management, strategic planning, and team leadership. Adept at overseeing financial operations, driving profitability, and ensuring compliance with regulatory standards. Experienced in taking on leadership roles, including CFO and finance controller, with notable success in companies across the African continent. Possessing strong problem-solving, communication, and analytical skills. A dedicated professional capable of leading finance teams and managing all aspects of company financial requirements. Committed to driving financial growth, optimizing resources, and delivering exceptional results.

PROFILE SUMMARY :

Focused & result oriented professional with 27 years of experience in:

1. Financial Management: Overseeing all financial aspects of the company, including financial planning, budgeting, forecasting, analysis and books of accounts.

2. Reporting and Compliance: Ensuring accurate and timely financial reporting in compliance with regulatory requirements and accounting standards.

3. Risk Management: Implementing robust internal controls to mitigate financial risks and safeguard company assets.

4. Strategic Decision-Making: Providing financial insights and recommendations to support strategic planning and business growth.

5. Team Leadership: Managing and mentoring finance teams, fostering a collaborative work environment, and promoting professional development.

6. Fund requirements and cash flow management: To ensure the optimal allocation of funds by identifying cost-effective sources of financing from reputable financial institutions, banks, and capital markets. Employ diligent cash flow management practices to maintain a healthy liquidity position and ensure the availability of funds when needed.

Overview

34
34
years of professional experience
20
20
years of post-secondary education

Work History

Head-Accounts & Finance

Bhattad Group
Mumbai
05.2022 - 05.2023

Business: Infrastructure and services for the corporate events.Builders for residential and commercial properties

Reporting to: Managing Director

Role:

  • Fund raising and cash flow management
  • Adhering with compliances
  • Books of accounts as per compliance and statutory requirements
  • Liasoning for Tenders and commercial transactions
  • Liasoning with auditors and Govt authorities

Achievements:

  • Fund raiser for Asset procurement INR 50 crores and for working capital INR 20 crores from financiers

Head Finance

WATERCOM (T) LTD and MILKCOM DAIRES LTD (OILCOM Group)
Dar-es-Salaam-Tanzania
01.2020 - 03.2022

Business: (manufacturing and distribution of mineral water, aerated drinks and milk products)

Reporting to: Managing Director and Group Business Head

Role:

  • Facilitated seamless coordination among procurement, production planning, and controls to establish an effective purchase policy, ensuring optimal utilization of working capital.
  • Engaged in negotiations with banks and financial institutions to secure long-term financing and short-term fund-based credit facilities.
  • Continuously monitored daily sales and collection activities to ensure efficient revenue generation and cash flow management.
  • Demonstrate expertise in finance management, cost optimization, internal control, and productivity enhancements to drive operational efficiency, facilitate business growth, and maximize profitability.
  • Liasoning with Statutory Auditors and Tax Authorities

Achievements:

  • Successfully executed the expansion of four state-of-the-art bottle filling lines sourced from reputable manufacturers in Germany and Italy, specifically tailored for the market in Tanzania. Additionally, spearheaded the implementation of an advanced bottle filling line for Malawi, with a project investment of USD 300 million.
  • Secured necessary approvals for both funded and non-funded capital expenditure (CAPEX) requirements, amounting to USD 300 million, to support the expansion and operational needs of the organization. Additionally, successfully obtained approvals for operating expenditure (OPEX) requirements totaling USD 50 million.
  • Implemented a successful procurement policy that led to significant cost reductions by strategically managing material prices, particularly those associated with imported goods.

Finance Controller

Quality Builders and Quality Poultry Farm (Velji Group )
Nairobi
12.2016 - 12.2019

Business: Construction, Poultry, , Animal Agro,(manufacturing and trading-domestic/ exports)

Reporting to: Managing Director and Director-Finance

Role:

  • Project Financing for hatchery, Poultry Farm, Machineries and slaughter house with the Project cost:USD 200 million funded through financial institutions and Banks.
  • Liasoning with Statutory Auditors, Banks and Financial Institutions
  • Negotiating with Banks and Financial Institutions for long-term financing and short-term credit facilities (factoring, trade finance)
  • Debtors’ collections and analysis for effective inflows for controls and best availability to meet operational needs

Achievements:

  • Recovery of doubtful debts and old outstanding of 3-10 years :USD 20 million
  • Approval of Loan sanctioned for Machineries, Poultry Farm: USD 100 million

Finance Manager

KASS FZE - Dubai and POWER CONTROL & APPLIANCES PVT LTD-Nigeria
Dubai -UAE and Lagos-Nigeria
12.2012 - 10.2016

Business: Erection of Power stations and Mobile towers in Nigeria

Reporting to: Chairman

Role:

  • Professional preparation of a comprehensive project report for the establishment of sub-stations and mobile towers and Presenting to respective Ministries of Federal Government of Nigeria (Power & Telecommunications)
  • Fund raising for the Projects from Local Financial Institutions, Overseas market and NEXIM.

Achievements:

  • Financial management of 30 Electric Sub-Stations for Federal Govt of Nigeria and 100 Towers for Mobile Service providers project cost :USD 200 million


Executive Business Manager

ICICI PRUDENTIAL LIFE INSURANCE CO LTD
MUMBAI
04.2010 - 10.2012

Role:

  • Sales and Marketing in Mumbai, Thane and Palghar district (Maharashtra)
  • Expanding the team size of 10 managers and 350 freelancing advisors
  • Identifying prospective business, establishing strategic partnership and alliances, generating business from the existing accounts and achieving profitability and increased sales growth

Achievements:

  • Generated business for INR 150 million towards first year premium
  • Generated Renewal premium of the average size of INR 400 million per year
  • Trained channel partners on the product training and market penetration

Senior Business Manager

ICICI PRUDENTIAL LIFE INSURANCE CO. LTD
Mumbai
04.2008 - 03.2012
  • Life Insurance
  • Reporting to: Business Head-Mumbai & Maharashtra

Senior Business Manager

ICICI PRUDENTIAL LIFE INSURANCE CO. LTD
MUMBAI
04.2008 - 03.2010

Role:

  • Sales and Marketing in Mumbai
  • Experience in driving development and expansion initiatives, successfully recruiting and leading a team of 5 managers and 200 advisors, while providing hands-on support to drive business growth.

Achievements:

  • Generated business for INR 90 million towards first year premium
  • Generated Renewal premium of the average size of INR 250 million per year

Product Analysis Manager

ICICI PRUDENTIAL LIFE INSURANCE CO LTD
MUMBAI
04.2006 - 03.2008

Role:

  • Conducting in-depth market research to identify customer needs, market trends, and competitive intelligence.
  • Monitoring and analysing product performance metrics, such as sales, revenue, customer satisfaction, and market share
  • Conducting competitive analysis to understand the competitive landscape, market positioning, pricing strategies, and unique selling points of competing products.
  • Collaborating with product development teams, marketing teams, sales teams, and other stakeholders to align product strategies and ensure successful product launches.

Achievement:

  • Design the Retirement ULIP products with the market requirements to get additional revenue of INR 200 crores to the organisation.

Account Manager

ICICI PRUDENTIAL LIFE INSURANCE CO LTD
MUMBAI
09.2003 - 03.2005

Role:

  • Addressed problems with accounting, billing, and service delivery to maintain and enhance client satisfaction.
  • Reviewed and mitigated discrepancies to increase sales, reduce costs and streamline processes.
  • Educated clients on new products or services to increase customer engagement with brand.


Insurance Advisor

ICICI PRUDENTIAL LIFE INSURANCE CO LTD
Mumbai
01.2001 - 08.2003
  • Evaluated business and individual customer needs and financial situations to propose individualized policy recommendations.
  • Designed group presentations and e-marketing campaigns, achieving INR 1 million in 2001, INR 2.5 million in 2002 and INR 1.5 for 5 months period for year 2003 in new business.
  • Interviewed prospective clients to discuss any existing coverage and obtain data about financial resources and physical condition of person or property.
  • Used sales tactics and client relationship building techniques to reach monthly, quarterly and annual sales goals, boosting sales with 130% achievements.

Manager Business-Merchant Banking Division

LKP MERCHANT FINANCING LTD - NBFC
Mumbai
09.1993 - 10.2000

Reporting to Vice President-Merchant Banking

  • Role:
  • Accountable for drafting prospectus / letter of offer
  • Ensured compliance with SEBI, RBI and liaised with officials as well as Stock Exchange Authorities
  • Involved in dealing with Brokers, NBFCs, and Bankers for underwriting the IPO
  • Achievements:
  • Accounts of 6 IPOs from different sectors: cycle manufacturing, packaging industry, plastic industry, paper industry, chemical industry and NBFC.

Article Assistant

M/s. J. K. Shah &Co
09.1989 - 07.1993

Education

Cost Accountant (Grad C.W.A.) - Cost Accounting

ICWAI
Kolkota INDIA
04.1990 - 04.1993

Chartered Accountant (C.A.) - Accounting Auditing Finance And Taxation

ICAI
01.1999 - 11.2003

Financial Services Specialist - Insurance And Risk Management

American College
04.2008 - 11.2009

Dip in IFRS - International Financial Reporting Standards

ACCA
UK
04.2015 - 04.2016

Master’s of Business Finance - Business Finance

ICAI
New Delhi
04.2013 - 06.2017

Bachelors of Commerce - Accounting Finance Taxation Audit

Jai Hind College, Affiliated With Bombay University
Mumbai
07.1984 - 06.1989

Skills

    Financial planning Finance Budgeting Corporate strategy Reporting Investment management Accounting Business skills

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Timeline

Head-Accounts & Finance

Bhattad Group
05.2022 - 05.2023

Head Finance

WATERCOM (T) LTD and MILKCOM DAIRES LTD (OILCOM Group)
01.2020 - 03.2022

Finance Controller

Quality Builders and Quality Poultry Farm (Velji Group )
12.2016 - 12.2019

Dip in IFRS - International Financial Reporting Standards

ACCA
04.2015 - 04.2016

Master’s of Business Finance - Business Finance

ICAI
04.2013 - 06.2017

Finance Manager

KASS FZE - Dubai and POWER CONTROL & APPLIANCES PVT LTD-Nigeria
12.2012 - 10.2016

Executive Business Manager

ICICI PRUDENTIAL LIFE INSURANCE CO LTD
04.2010 - 10.2012

Senior Business Manager

ICICI PRUDENTIAL LIFE INSURANCE CO. LTD
04.2008 - 03.2012

Financial Services Specialist - Insurance And Risk Management

American College
04.2008 - 11.2009

Senior Business Manager

ICICI PRUDENTIAL LIFE INSURANCE CO. LTD
04.2008 - 03.2010

Product Analysis Manager

ICICI PRUDENTIAL LIFE INSURANCE CO LTD
04.2006 - 03.2008

Account Manager

ICICI PRUDENTIAL LIFE INSURANCE CO LTD
09.2003 - 03.2005

Insurance Advisor

ICICI PRUDENTIAL LIFE INSURANCE CO LTD
01.2001 - 08.2003

Chartered Accountant (C.A.) - Accounting Auditing Finance And Taxation

ICAI
01.1999 - 11.2003

Manager Business-Merchant Banking Division

LKP MERCHANT FINANCING LTD - NBFC
09.1993 - 10.2000

Cost Accountant (Grad C.W.A.) - Cost Accounting

ICWAI
04.1990 - 04.1993

Article Assistant

M/s. J. K. Shah &Co
09.1989 - 07.1993

Bachelors of Commerce - Accounting Finance Taxation Audit

Jai Hind College, Affiliated With Bombay University
07.1984 - 06.1989
DEEPAK LAKHANIChartered Accountant From ICAI, India