K.M. ASWIN KUMAR
Chartered Accountant
Bangalore
Summary
- Business Savvy and result oriented Finance Professional with rich experience in the areas of Strategy, Financial Planning, Fund Raising, Audit, M&A, Reporting, Budgeting and Investor Relations
- Process driven person having started career in FMCG Manufacturing.
- Multiple Successful companywide SAP implementations
- Proven track record of making a Company IPO ready. Filed DRHP and got it approved by SEBI for Healthvista India Ltd
- Have Conceptualized, Designed, Developed and Deployed unique online sales platforms with referral app
- Nurtured and Built New Businesses
- Successfully raised Equity and Debt
- Storyteller with excellent interpersonal skills
Overview
33
33
years of professional experience
8
8
years of post-secondary education
4
4
Languages
Work History
Finance Consultant
Shankara Building Products Ltd
12.2024 - Current
- Consulting to Transform the Business Functions of the company
- Conceptualizing, Designing and Implementing SAP in a Rs 6000 Cr company consisting of Two Business lines across 148 locations and training more than 200 users pan India along with a SAP Implementation Partner
- Designing and Implementing a CRM software for one of the Business lines to increase revenue by monitoring sales lead more scientifically
- Working with various Banks to create a Dealer Finance Scheme to help fund identified dealers thereby managing working capital more efficiently
CFO
Healthvista India Ltd (Portea Medical)
12.2015 - 09.2024
- Responsible for Finance, Admin and Procurement of Portea Group
- Presently working on Debt Restructuring with USIDFC and HSBC Bank
- Enhanced cash flow management through the development of robust forecasting models, ensuring optimal liquidity for business operations.
- Raised Rs 16 Cr via Series D1 funding during June 2024
- Ensured that the Healthcare service rendered by the company was assessed as GST exempt till 2019-20 across the country
- The company is fighting levy of Service tax on Healthcare services demand of Rs 17 Cr prior to July 2017 before Appellate Tribunal
- Conceptualized, designed, developed and deployed Getfaststore.com and referral app GetfastConnect.com during Feb 2024
- Conceptualized, designed, developed and deployed Porteaclinic.com and referral app PorteaConnect.com during May 2024
- Obtained USD 7 million USIDFC Guarantee based funding from HSBC Bank during June 2023
- Obtained SEBI approval for DRHP on 31st March 23
- Debt management to ensure that the company was able to draw loan to the extent of available Drawing Power
- Filed DRHP with SEBI on 30th June 2022
- Raised 16.85 Cr funding via Series D during June 2022
- Raised Series C funding of USD 25 million (INR 167 Cr) in 2017.
- Raised Series C1,C2 & C3 funding of INR 41.14 cr
- Raised Series D Funding of INR 16.85 cr in June 2022
- Converted the financials for 2021-22, 2020-21, 2019-20, 2018-19 from existing iGAAP to Ind AS during Oct 2021 to April 2022
- Worked on obtaining USIDFC Guarantee based funding from HSBC Bank during 2022
- Implemented SAP in HVIL for Medical Equipment Rental Business and for the entire company except Healthcare Services Business during April 2021
- Implemented SAP for Finance function to cover all its areas – AR, AP, FAR, Books of Accounts etc during April 2021
- Provided SAP support for HUL Covid Hope Business
- Implementation of SAP enabled the company to execute the HUL Hope for Covid patients during April 2021 to Oct 2021
- Started work on DRHP filing and Started work on converting 3 years iGAAP financials to Ind AS during Oct 2021
- Worked on Government Covid Projects by providing commercial support, Billing support and applying for various Govt Tenders during 2020
- Coordination with Govt agencies for Submission of Bills and Payment follow up
- Obtained Rs 3 Cr working capital limit and Rs 6.5 Cr Term Loan from Kotak Bank
- Started work on SAP (S@P II) implementation for Medical Equipment Rental Business and for the entire company during 2020
- Implemented SAP (SAP at Portea) in Medybiz Pharma P Ltd for Medical Equipment Trading Business and Specialty Pharma Business during Feb 2019
- Started Work on SAP implementation in Medybiz Pharma P Ltd for Medical Equipment Trading Business and Specialty Pharma Business during 2018
- Raised Series C funding of USD 25 million during Nov 2017
- Takeover of Medybiz Pharma P Ltd from Medybiz Services P Ltd in Feb 2016
- Takeover of Medical Equipment Rental Business from Healthmantra P Ltd in Mar 2016
- Implementation of Tally ERP during Jan 2016.
CFO
Aquapurum P Ltd (formerly Intelligent Pure Water Technologies Private Limited)
09.2015 - 11.2015
- Joint Venture between Intelligent Energy UK and Pure Water Technologies UK
- As CFO worked on setting up the company
- Worked on 10 years Business Plan to obtain funding from Commonwealth Development Fund.
Sr Vice President Finance
NxtGen Datacenter & Cloud Technologies (P)Ltd
12.2013 - 07.2015
- Responsible for entire Finance operation and compliance of all group companies
- Completed Audit of all group companies including Tax audit
- Responsible for maintenance of books of accounts and audit of Indian Subsidiary and Singapore based Holding company
- Prepared Financial Statements under Indian GAAP, SFRS (Singapore) and Consolidated USGAAP
- Successfully worked with Federal bank for a Term Loan of Rs 36 cr
- Handled debt financing and debt repayment obligations
- Negotiated long term contracts with customers for cloud services
- Worked with Investment banking team to raise Private Equity from IFC
- Term sheet completed
- Provide Investor, Intel Capital, information as and when required
- Also worked with Intel Capital in terms of their information requirement
- Working knowledge of USGAAP.
Chief Financial Officer
Tulip Datacentre Services (P) Ltd, Bangalore
10.2011 - 11.2013
- CFO of 1200 Cr project being implemented over 3 years
- Set up Financial Operations of the newly created company by bringing in new resources, training them and by introducing financial discipline
- Working with Barclays India for preparation of detailed Business Plan and Teaser Documents for the purpose of sending it to prospective Private Equity / Investor players
- Preparation of Project Report and Financial Evaluation for obtaining Term Loans from banks
- Successfully worked with Bank Of India for a term loan of Rs 100 Cr
- Designing and implementing SAP for a Datacentre operations
- Preparation of Fixed Asset Register providing details for investment made to the tune of Rs 450 Cr
- Working with consultants and IDFC on Debt Restructuring.
Head of Finance
Indus Towers Ltd, Bangalore
04.2010 - 09.2011
- Head of Finance of Rs 1100 Cr Telecom Passive Infrastructure Business with Asset base of Rs 3000 Cr on replacement value basis
- Responsible for EBITDA of the circle
- Support Circle CEO in operational decisions and play an effective role of Financial Controller
- Stabilized Financial operations of the newly created company by bringing in new resources, training them and by introducing financial discipline
- Resolution of billing disputes with customers
- Designed and implemented Energy Bills management system
- Designed and implemented Rental Agreement Management system
- Task Force member for consolidation of Towers in the circle
- Handled VAT demand of Rs 130 Cr on the company
- Liaised with lawyers and ensured proper representation before Karnataka High court
- Implemented Vendor Help Desk and outsourced Bill Processing system.
Financial Accountant
ITC Limited, ABD – ILTD, Guntur
06.2006 - 04.2010
- Head of Financial Accounting for ILTD Division – Turnover Rs 2000 Cr
- In charge of – DHQ Accounting, Treasury including Export Documentation, Insurance, Indirect Taxes & Salaries
- Responsible for Balance Sheet and Profit & Loss of the Division
- Consolidation of Accounts of various field units, factories and New Businesses
- Responsible for Statutory Audit, administration of DEPB licence, EPCG / VKGUY scheme etc
- Member of Divisional Planning Task Force
- Designed and implemented SBI Online banking with Biometric internal controls
- Implemented new Stock Turnover Policy – saving of Rs 100 lacs in premium
- Ensured that Service tax paid on various input services were transferred to other Divisions
- Member of the Task Force that finalized the Long Term Agreement with clerical union
- Created Agri Business Incentive scheme database for Tobacco, Spices, Agri Inputs and MAPS
- Member of Divisional Task force for IFRS implementation
- Designed and implemented the system for direct credit to farmers through SBI Online banking.
- Improved cash flow management with timely invoicing and efficient collections practices.
Factory Accountant
ITC Limited, ABD – ILTD, Guntur
11.2004 - 06.2006
- Head of finance of Chirala Green Leaf Threshing [CGLT] plant - 2nd largest GLT in the World (outside China)
- Responsible for the CGLT cost center budget and Trial balance
- Element Champion for Purchasing and Sub Contracting and Financial Control and Business Results elements of IQRS Level 6 certification
- Head of Unit Plan task force
- Financial Resource for Solanesol Project
- Worked in Oracle Financials ERP environment.
Category Finance Manager
ITC Limited, Foods Division, Bangalore
07.2002 - 10.2004
- Heading the Finance function of the Snack Foods Category
- Evaluation of Contract Manufacturers
- Lead commercial discussions during negotiations with contract Manufacturers and Capital equipment suppliers
- Finalization of Agreements
- Finance member of Planning Task force for Snack Foods
- Conceptualised and implemented the Business Process for Outside Contract Manufacturing
- Implementation of SAP
- Capital Budgeting and accounting [ 78 crores ]
- Track the Financial health of the Category – Contribution Analysis
- Set up Factory accounting systems at Contract Manufacturing units.
District Accoutant South
ITC Limited, India Tobacco Division, Bangalore
02.2000 - 06.2002
- Head of FMCG Marketing Finance Function of South – Turnover 4600 cr per annum
- Trained as a Super User in SAP
- In charge of Implementation of SAP [Marketing Finance] in South
- Capital Budgeting and Accounting – Modernization of four Offices in the south
- Conceptualised and implemented new Business Process with respect to Luxury tax on Cigarettes in Andhra Pradesh – leading to a cash flow saving of Rs 90 lacs per month
- Conceptualised and started finance quiz programme – Money Minds- for the Finance function in the south
- This has been taken national by the company
- Handled various Audits – Internal Audit, Statutory Audit etc.
Assistant Commercial Manager
ITC Limited, ITD, Bangalore Factory
11.1997 - 1 2000
- No 2 of Commercial Department of the largest Cigarette Factory of ITC Limited
- Headed Indirect Taxation dept of the factory
- Excise Duty payout – 1500 cr per year
- Handled Excise assessments in concurrence with HO and Sales tax assessments independently
- Handled Excise hearing, dealt with senior lawyers etc
- Handled the largest cigarette destruction activity including obtaining excise permission etc
- Incharge of Branch Performace Review – conducted rigorous monthly performance reviews and Budget vs Actual
- Handled PR with Excise and Sales Tax authorities
- Handled various Audits – Internal Audit, Statutory Audit, Excise departmental Audit, Special Audit etc.
Assistant Commercial
ITC Limited, ITD, Bangalore Factory
11.1995 - 09.1997
- Handled Import Export section of Bangalore Factory – Imports 67 cr
- Liaised with Customs officials
- Implemented computerization of Export documentation
- Liaised with Testing houses / Quality Assurance houses for Importers.
Manager Finance
Naliaqua (P) Ltd, Chennai
03.1994 - 10.1995
- Head of Finance Function
- Preparation of Project Report
- Liaison with Bankers [SIDBI]
- Capital Budgeting
- Export Documentation
- Management of Working Capital and Term Loan.
Internal Auditor
A V Thomas Group of Companies, Chennai
11.1992 - 02.1994
- Intenal Auditor of Chenani based A V Thomas Group companies
- MIS reporting, preparation of budget
- Internal Audit of group companies.
Education
The Institute of Chartered Accountants of India
Chennai 07.1989 - 06.1992
B.Com, 5.82 GPA -
Loyola College, Chennai
Chennai 07.1986 - 05.1989
XII, 83% -
Padma Seshadri Bala Bhavan Junior College, Chennai
06.1985 - 05.1986
X, 74.67% -
Padma Seshadri Bala Bhavan Senior Secondary School, Chennai
06.1983 - 05.1984
Skills
Financial Planning & Control
Management Reporting
Fund Raising
Investor Relationship
Audit & Compliance Management
Nurture and Develop New Businesses
Implement New Systems and Processes
Multiple successful SAP Implementations
Team Leadership
Cashflow Management
Regulations and compliance
Merit
- Secured All India 39th rank in CA Final, 1992
- Secured All India highest marks in Commerce Paper in D.com Examination conducted by Indian Merchant Chamber, Mumbai.
Personal Information
- Father's Name: Late Shri K.V. Madan Babu
- Date of Birth: 12/12/67
Timeline
Finance Consultant
Shankara Building Products Ltd
12.2024 - Current
CFO
Healthvista India Ltd (Portea Medical)
12.2015 - 09.2024
CFO
Aquapurum P Ltd (formerly Intelligent Pure Water Technologies Private Limited)
09.2015 - 11.2015
Sr Vice President Finance
NxtGen Datacenter & Cloud Technologies (P)Ltd
12.2013 - 07.2015
Chief Financial Officer
Tulip Datacentre Services (P) Ltd, Bangalore
10.2011 - 11.2013
Head of Finance
Indus Towers Ltd, Bangalore
04.2010 - 09.2011
Financial Accountant
ITC Limited, ABD – ILTD, Guntur
06.2006 - 04.2010
Factory Accountant
ITC Limited, ABD – ILTD, Guntur
11.2004 - 06.2006
Category Finance Manager
ITC Limited, Foods Division, Bangalore
07.2002 - 10.2004
District Accoutant South
ITC Limited, India Tobacco Division, Bangalore
02.2000 - 06.2002
Assistant Commercial Manager
ITC Limited, ITD, Bangalore Factory
11.1997 - 1 2000
Assistant Commercial
ITC Limited, ITD, Bangalore Factory
11.1995 - 09.1997
Manager Finance
Naliaqua (P) Ltd, Chennai
03.1994 - 10.1995
Internal Auditor
A V Thomas Group of Companies, Chennai
11.1992 - 02.1994
The Institute of Chartered Accountants of India
07.1989 - 06.1992
B.Com, 5.82 GPA -
Loyola College, Chennai
07.1986 - 05.1989
XII, 83% -
Padma Seshadri Bala Bhavan Junior College, Chennai
06.1985 - 05.1986
X, 74.67% -
Padma Seshadri Bala Bhavan Senior Secondary School, Chennai
06.1983 - 05.1984
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