DILIP KODWANI
MUMBAI
Overview
28
28
years of professional experience
Work History
Factory Manager
KRISHNA METALS LIMITED
Ahmedabad
03.2024 - 03.2025
- Company Overview: Manufacturer of Aluminum Ingots and utensils
- Directed Treasury Management by optimizing cash flow, managing liquidity, and mitigating financial risks to ensure operational stability.
- Secured Loans and OD Facilities from banks to meet working capital requirements and drive Capex growth initiatives, supporting long-term business expansion.
- Led Audit Management and Compliance efforts, overseeing statutory and internal audits while ensuring adherence to financial and regulatory frameworks.
- Implemented Budget Monitoring Systems, developing strong internal controls to track expenditures against budgets and uphold financial discipline.
- Spearheaded Cost Optimization Initiatives, reducing production costs and improving company profitability through strategic cost-cutting measures.
- Collaborated on Production Planning, working closely with the production team to expand production capacity and streamline manufacturing operations.
- Drove Sales Turnover Growth, partnering with the sales team to design and execute strategies for consistent quarterly increases in revenue.
- Managed Retail Banking Operations, ensuring regulatory compliance (KYC, AML), operational excellence, and robust internal audit practices within the banking process.
- Manufacturer of Aluminum Ingots and utensils
Finance Controller
TRUE METALS MAURITIUS LIMITED
Noida
01.2019 - 12.2023
- Company Overview: Manufacturer of Ferrous & Non-ferrous metal commodities.
- Led Working Capital Management and Capital Raising for sustainable growth and financial stability.
- Managed Foreign Currency risks and optimized forex positions to support global operations.
- Directed Audit Management and ensured compliance with regulatory standards.
- Implemented robust Expenditure Monitoring and internal controls, aligning spending with budgets.
- Secured and managed Bank Loans and Facilities to support operational and Capex needs.
- Led Financial Planning and Budgeting, optimizing cash flow and resource allocation.
- Expert in ERP Systems, driving design, implementation, and maintenance for financial efficiency.
- Managed Retail Banking Operations, ensuring compliance with KYC and AML regulations.
- Manufacturer of Ferrous & Non-ferrous metal commodities.
Finance Controller & Logistics Manager
HEAVY MACHINERY DEALERSHIP LTD.
Lagos
09.2017 - 11.2018
- Company Overview: Distributor of heavy machinery, equipment and parts in West Africa.
- Managed annual budgets, achieving 98% accuracy in forecasting and controlling expenses within 5% of targets.
- Processed statutory payments and returns, reducing tax discrepancies by 15% and ensuring timely audits with zero penalties.
- Delivered quarterly variance analysis with a 3% variance and improved reporting accuracy by 10%.
- Oversaw accounting entries, ensuring 100% compliance in statutory and tax audits.
- Reduced shipping delays by 20% and ensured timely order execution via effective documentation management.
- Optimized marketing ROI by 12%, ensuring compliance with the budget.
- Managed payroll processing for 500+ employees, ensuring timely statutory remittances with zero delays.
- Controlled expenses within 95% of budget, reducing operational costs by 10%.
- Negotiated favorable loan terms, reducing interest expenses by 8%.
- Distributor of heavy machinery, equipment and parts in West Africa.
Finance & Audit Manager
GEEPEE Industries
08.2016 - 08.2017
- Company Overview: Plastic manufacturing – Household items, water tanks, PVC pipes, packaging materials
- Conducted stock audits, physical verification, and document checks to ensure accuracy and compliance.
- Verified payroll, leave registers, LTC, and housing allocations for HR audit compliance.
- Audited purchase/civil work registers and ensured alignment with budget and tender policies.
- Analyzed machine logbooks for idle time and utilization efficiency.
- Compared production budgets vs. actuals to highlight variances.
- Verified cost allocations to ensure accurate product costing.
- Reconciled customer accounts and verified expense vouchers for audit readiness.
- Plastic manufacturing – Household items, water tanks, PVC pipes, packaging materials
Finance Manager
BSV Industries Ltd.
11.2014 - 06.2017
- Company Overview: Plastic manufacturing – Household items, water tanks, PVC pipes, packaging materials
- Managed sales accounting, receivables/payables, and reconciliations.
- Oversaw ledger maintenance and bank reconciliation.
- Finalized annual accounts and prepared financial statements, cash flow, and fund flow reports.
- Ensured expense control and documentation accuracy.
- Issued credit notes and reconciled distributor accounts to maintain billing integrity.
- Plastic manufacturing – Household items, water tanks, PVC pipes, packaging materials
Finance Manager
Industries Ltd.
05.2012 - 09.2014
- Company Overview: FMCG Sector
- Finalized accounts, managed audits, taxation and ensured full statutory compliance.
- Handled banking operations, fund flow, and secured favorable credit terms with banks.
- Managed end-to-end import/export documentation and coordinated with CHAs for timely clearance.
- Oversaw LC applications and ensured prompt payments to offshore suppliers.
- Strengthened internal controls and reduced financial closing time by 40%.
- Achieved 100% audit compliance for 5+ years.
- Cut LC processing delays by 30%.
- Saved 8% annually on banking costs.
- Reduced customs clearance time by 25%.
- FMCG Sector
Branch Accountant (Later Promoted from Finance Manager)
RAMAN BOARDS LTD.
Navi Mumbai
03.1997 - 03.2012
- Company Overview: Subsidiary of ABB Ltd., Sweden – Power & Industrial Automation
- Managed branch accounts, taxation, banking, and logistics independently for the Navi Mumbai unit.
- Finalized accounts and ensured compliance with ABB’s financial policies and Indian regulations.
- Handled central excise returns, audits, and assessments; maintained regular liaison with excise authorities.
- Oversaw statutory audits and ensured timely and accurate financial reporting.
- Contributed to operational efficiency and regulatory compliance across finance functions for 15+ years.
- Subsidiary of ABB Ltd., Sweden – Power & Industrial Automation
Skills
- Budget management
- Cost optimization
- Production planning
- Financial analysis
- Audit management
- Cash flow management
Timeline
Factory Manager
KRISHNA METALS LIMITED
03.2024 - 03.2025
Finance Controller
TRUE METALS MAURITIUS LIMITED
01.2019 - 12.2023
Finance Controller & Logistics Manager
HEAVY MACHINERY DEALERSHIP LTD.
09.2017 - 11.2018
Finance & Audit Manager
GEEPEE Industries
08.2016 - 08.2017
Finance Manager
BSV Industries Ltd.
11.2014 - 06.2017
Finance Manager
Industries Ltd.
05.2012 - 09.2014
Branch Accountant (Later Promoted from Finance Manager)
RAMAN BOARDS LTD.
03.1997 - 03.2012