Tally
Karan Motwani
Chartered Accountant
Ahmedabad
Summary
A highly experienced and skilled Chartered Accountant (CA) with expertise in areas such as income tax, indirect tax, statutory audit, and internal audit. Known for decisive leadership and problem-solving abilities, comfortable collaborating and building consensus across all organizational levels. Extensive experience in handling a diverse range of audits, including statutory audits, concurrent bank audits, and GST audits for listed entities, private limited companies, public sector organizations, and government agencies. Proficient in managing and leading teams. Expertise in project management, specifically in ESOP, share buyback, Merger & demerger due diligence.
Overview
8
8
years of professional experience
3
3
Languages
Work History
GM Accounts and Taxation
Tatvic Analytics Private Limited
Ahmedabad
12.2021 - Current
- Implemented strategic financial planning and management processes to drive company growth and profitability.
- Conducted financial analysis and provided insights and recommendations to support strategic decision-making.
- Managed cash flow and working capital, including forecasting cash requirements, optimizing cash inflows and outflows, and managing liquidity risks.
- Led internal audit process, identifying areas of improvement and implementing strategic measures to enhance operational efficiency.
- Collaborated with statutory auditors to ensure timely completion of statutory audits and maintained compliance with regulations.
- Collaborated with senior management, board members, and external stakeholders to provide financial insights and support strategic decision-making.
- Presented financial information and analysis to stakeholders, ensuring effective communication and transparency.
- Proficient in structuring and implementing Employee Stock Ownership Plans (ESOPs), ensuring compliance with relevant regulations and maximizing employee participation and benefits, Familiar with legal & regulatory aspects of buyback transactions, including compliance with shareholder approval, pricing, and reporting requirements.
- Capable of providing guidance and advisory services on direct tax, indirect tax, and Companies Act matters, assisting organizations in navigating complex legal and regulatory frameworks.
- Prepare and review documentation, agreements, and filings related to direct tax, indirect tax, and Companies Act compliance, ensuring accuracy and adherence to legal requirements.
- Identified opportunities for process automation, reducing manual efforts and improving data integrity.
- Efficiently managed whole process of Demerger of company
Partner
Shah Somani & Co
Ahmedabad
08.2018 - 12.2021
- Managed and supervised a team of 30 members, including Chartered Accountants, overseeing their daily work and providing guidance and mentorship.
- Delegated responsibilities, set performance goals, and conducted performance evaluations for team members.
- Prepared and revised audit programs and designed audit plans to ensure comprehensive and efficient dit procedures.
- Prepared and finalized tax audit reports, ensuring accuracy and compliance with tax regulations.
- Developed internal control systems and recommended improvements to enhance operational efficiency and mitigate risks.
- Possessed a basic understanding of FEMA provisions, particularly related to Overseas Direct Investment and Liberalized Remittance Scheme.
- Conducted statutory branch audits and concurrent audits of both public and private sector banks.
- Performed stock audits, revenue audits, system audits, cyber security audits, and depository participant audits.
- Conducted GST audits for various entities such as share brokers, manufacturing companies, and service businesses.
Articled Assistant
Sanjay Vastupal & Co
08.2015 - 08.2018
- Assisted in the preparation of financial statements, including balance sheets, income statements, and cash flow statements.
- Assisted in conducting statutory audits, including planning, fieldwork, and reporting stages.
- Gained experience in auditing financial statements, ledgers, and compliance with accounting standards.
- Gained knowledge of tax provisions and regulations related to income tax, GST, and other applicable taxes.
Education
Certificate Course On Concurrent Audit of Banks -
The Institute of Chartered Accountants of India
Ahmedabad 01.2019 - 2019.01
CA - Accounting And Finance
The Institute of Chartered Accountants of India
Ahmedabad 05.2014 - 2018.05
Bachelor's Degree - Business/Commerce
Government College of Ajmer(GCA)
Ajmer 06.2014 - 2017.06
High - Commerce
Maharaja Agrasen Public School
Ajmer 04.2010 - 2014.03
Skills
Audit and Assurance
Software
Zoho Books
MSoffice
Tech Excel
Cleartax
Timeline
GM Accounts and Taxation
Tatvic Analytics Private Limited
12.2021 - Current
Certificate Course On Concurrent Audit of Banks -
The Institute of Chartered Accountants of India
01.2019 - 2019.01
Partner
Shah Somani & Co
08.2018 - 12.2021
Articled Assistant
Sanjay Vastupal & Co
08.2015 - 08.2018
Bachelor's Degree - Business/Commerce
Government College of Ajmer(GCA)
06.2014 - 2017.06
CA - Accounting And Finance
The Institute of Chartered Accountants of India
05.2014 - 2018.05
High - Commerce
Maharaja Agrasen Public School
04.2010 - 2014.03
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