Kiran Salunke
Vice President Finance
Bengaluru
Summary
Experienced finance executive with over 17 years in strategic financial management, business planning, and policy formulation. Expert in financial transformations, mergers & acquisitions, and complex restructurings. Proven success in financial controlling, treasury management, and procurement, optimizing profitability and productivity. Strong knowledge of US GAAP & India GAAP, with a reputation for decisive leadership, strategic vision, and setting up shared services.
Overview
20
20
years of professional experience
6
6
years of post-secondary education
5
5
Certifications
Work History
Global Vice President – Finance
Nano Precise Sci Corp.
4 2022 - Current
- Fundraising: Supported Series B funding, securing $10M, and streamlined financial strategies.
- Cost Optimization: Achieved 15% reduction in operational costs through process reengineering.
- Financial Management: Managed and sorted all intercompany bookings and transfer pricing, efficiently managing charges for shared services, management fees, and inventory purchases, thus reducing GST liabilities and adjusting EBITDA in Canada and India. Delivered meaningful financial results and shareholder value through disciplined cost management and strategic investments in growth opportunities
- Hardware Management: Handled hardware department to bring efficiency in processes, improved assembly line, and reduced defects or non-functional sensors.
- Procurement and Supply Chain: Centralized procurement and supply chain of sensors from China, improving QC process and making procurement more efficient. Saved significant working capital by Negotiating favorable terms for contracts with suppliers and vendors, ensuring long-term strategic relationships and competitive pricing advantages
- Team Leadership: Managed cross-functional teams across India and Canada, enhancing productivity and efficiency.
Head of Financial Operations / Advisor – Finance
Rise Inc.
02.2021 - 03.2022
- Team Management: Directed a finance team of 30+, implementing processes that improved EBITA by 10%.
- Risk Management: Analyzed and mitigated financial risks, enhancing liquidity and cash flow management.
- Intercompany Reconciliation: Managed setups for organizations based in SG, HK, Australia, and British Virgin Islands. Saved significant tax payables through effective intercompany charge reconciliation.
- Fundraising: Supported Seed A funding and debt structuring
Finance Controller
Genie Technologies Inc.
02.2018 - 02.2021
- Process Improvement: Led initiatives that saved 20% in man-hours and reduced costs.
- Financial Strategy: Developed and implemented financial models and business plans, increasing profitability by 12%.
- Crisis Management: Successfully navigated financial challenges during the COVID-19 pandemic, focusing on liquidity management and working capital. Ensured timely payments to principal suppliers on terms instead of prepaid, managing operations in both Makati and Jakarta.
Finance Director & Purchasing
New Trends International Corporation & Affiliates
09.2010 - 08.2017
- Team Leadership: Managed a team of 36 across Treasury, Finance, Accounting, Logistics, and Purchasing departments.
- Cost Savings: Achieved a 15% annual reduction in procurement costs. Saved 35% by centralizing the supply chain, improving inventory and working capital efficiency.
- Established a shared services unit for HR, accounting, Taxation and logistics,resulting in significant man-hour savings, improved payment terms, and effective management of payables to suppliers and Tax system.
- Financial Reporting: Oversaw financial reporting for all brands and channel divisions, consolidating financials for the group of companies.
- Pricing and Costing: Handled pricing, costing, and margin analysis for all luxury and retail brands, including eyewear, watches, home and small appliances, and apparel for global brands.
- ERP and HRIS Implementation: Led the implementation of Financial ERPs and HRIS systems, enhancing financial management and human resource processes.
- M&A: Led the successful acquisition of Beko White Range products, enhancing market presence.
Department Manager – Cash & Admin (Commercial)
Max Hypermarket India Pvt. Ltd.
07.2009 - 09.2010
Unit Accounts Head
Shoppers Stop Ltd.
06.2008 - 07.2009
Senior Executive F&A
IBM Daksh Business Process Pvt. Ltd.
01.2008 - 06.2008
Officer Accounts
Bharati Airtel Ltd.
06.2007 - 01.2008
Executive Finance
The Factory Events & Promotions
01.2006 - 06.2007
Executive Finance
Messenger Logistics Solution
04.2005 - 12.2005
Audit Assistant
CP Ethirjan
05.2004 - 02.2005
Education
EMBA - Finance
Chennai University
National Institute Of Business Management 04.2006 - 06.2007
B.Com. - Commerce
KLE College
Bangalore 04.1999 - 04.2004
Skills
- Oracle 11i
- Xero
- Fathom
- Causal
- QlikView
- Merchandise Management System
- Microsoft Navision
- QuickBooks
- HRIS Implementation
- Activity-Based Costing
Key Impact Areas
- Financial Controlling / Management Reporting (MIS)
- Strategic Financial Planning & Analysis
- Fund Raising Series A & B
- Mergers & Acquisitions / Budgeting, Costing, & Forecasting
- Profitability and Productivity Enhancement
- Treasury / Fund & Working Capital Management
- Business Expansion and P&L Accountability
- Auditing, SOP Compliance, and Certifications
- Stakeholder Management
- Supply Chain Analytics / Global Procurement Strategy
- Direct and Indirect Taxes
- Intercompany Transactions and Transfer Pricing
- Compliance and Legal Aspects of Companies
- Contract Management
- Setting up Shared Services
Certification
Certification in Risk Management
Timeline
Head of Financial Operations / Advisor – Finance
Rise Inc.
02.2021 - 03.2022
Finance Controller
Genie Technologies Inc.
02.2018 - 02.2021
Finance Director & Purchasing
New Trends International Corporation & Affiliates
09.2010 - 08.2017
Department Manager – Cash & Admin (Commercial)
Max Hypermarket India Pvt. Ltd.
07.2009 - 09.2010
Unit Accounts Head
Shoppers Stop Ltd.
06.2008 - 07.2009
Senior Executive F&A
IBM Daksh Business Process Pvt. Ltd.
01.2008 - 06.2008
Officer Accounts
Bharati Airtel Ltd.
06.2007 - 01.2008
EMBA - Finance
Chennai University
04.2006 - 06.2007
Executive Finance
The Factory Events & Promotions
01.2006 - 06.2007
Executive Finance
Messenger Logistics Solution
04.2005 - 12.2005
Audit Assistant
CP Ethirjan
05.2004 - 02.2005
B.Com. - Commerce
KLE College
04.1999 - 04.2004
Global Vice President – Finance
Nano Precise Sci Corp.
4 2022 - Current
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