L. Prakash
Navi Mumbai
Summary
Experienced leader with 35+ years of expertise in digital transformation, SAP, GRC, AI, IoT, and Blockchain implementation. Specialized in optimizing supply chains, enhancing operational efficiency, and achieving multi-million-dollar savings through innovation, collaboration, and strategic leadership. Proven track record in driving business transformation across diverse industries. Skilled in leading large-scale digital initiatives, SAP implementation, GRC, and operations optimization. Proficient in leveraging advanced technologies such as AI, IoT, and Blockchain to optimize supply chains and governance. Consistently delivered significant savings, improved operational efficiency, and successfully managed complex programs for global organizations.
Overview
33
33
years of professional experience
1989
1989
years of post-secondary education
Work History
Head of Supply Chain Management (O2C) – Digital Platforms
Reliance Industries Limited
03.2016 - Current
- Led AI, ML, IoT, and Blockchain integration in supply chain operations, reducing costs by 15% and improving delivery timelines by 20%
- Developed a digital platform to streamline supply chain processes
- Improved inventory management by 25% through real-time tracking and AI-driven forecasting
- Digitized procurement, logistics, and forecasting systems
- Automated EXIM processes, reducing costs significantly
- Implemented end-to-end SCM digitalization
Head of Business Process Management and Systems
Reliance Industries Limited
03.2014 - 02.2016
- Designed governance frameworks ensuring compliance with global regulations
- Led post-merger integration, aligning business processes with corporate objectives
- Drove successful business transformation across global operations
- Strengthened risk profile through effective governance
Head of Business Performance Monitoring & Strategic Projects
Reliance Industries Limited
03.2010 - 02.2014
- Led continuous improvement initiatives across refining, petrochemical, and supply chain functions
- Drove process reengineering to improve productivity
- Improved decision-making and customer satisfaction
- Achieved high adoption rates for new systems
Head, Business Systems Development
Reliance Industries Limited
03.2007 - 02.2010
- Oversaw systems design, implementation, and optimization
- Managed tech infrastructure to support business performance
- Successfully integrated systems, enhancing collaboration and efficiency
- Led digital infrastructure transformation
Joint General Manager – Finance
West Asia Maritime Limited
11.2003 - 07.2007
- Company Overview: Emirates Trading Group
- Emirates Trading Group
- Reduced operating costs by 15%
- Streamlined financial reporting, reducing close time by 25%
General Manager – Retail Marketing and Payment Card System
Reliance Industries Limited
03.2003 - 02.2007
- Led team of 15 in developing dashboards and fleet card systems
- Managed system deployment to align with business objectives
- Designed and implemented a fleet card program, generating USD 30 million in annual savings
- Led SAP implementation in East Africa
Chief Financial Officer
SembCorp Industries Limited
04.2001 - 08.2003
- Saved USD 30 million in bank interest
- Developed a global financial strategy
Senior Manager – Finance
SembCorp Industries Limited
04.1998 - 08.2001
- Enhanced financial management for expanded operations.
Manager – Finance
STM Management Services Limited
07.1996 - 03.1998
- Streamlined financial forecasting and budgeting
- Led cost-saving initiatives
Finance Professional
Sharat Industries Limited
08.1992 - 07.1996
- Managed a successful IPO, oversubscribed by more than 8 times.
Education
Bachelor’s Degree - Commerce
Bangalore University
Master’s Degree - Commerce
University of Madras
Fellow Member (FICWA) - undefined
Institute of Cost Accountants of India
Associate Member (IMA, USA) - undefined
Institute of Management Accountants
Post Graduate Diploma - Management
Annamalai University
Post Graduate Diploma - Computer Applications
SICT
Diploma - Information System Security Audit
The Institute of Cost Accountants of India
Skills
SAP S/4HANA
Affiliations
- Institute of Systems Audit and Control Association (ISACA), 2003
- Institute of Cost Accountants of India, 1996
Board Memberships
- Board Member, M/s. Freight Forwarding Travels Private Limited, Chennai, India, 2002–2003
- Global Mentor, M/s. Apprentice Worldwide, Florida, USA, since 06/01/22
- Managing Committee Member, The Institute of Cost Accountants of India, Navi Mumbai Chapter, since 10/01/12
- Mentor, Reliance Industries Limited, Mumbai, India, 2024
Awards Recognition
- Best Balanced Scorecard Implementation in India Award – Balanced Scorecard Incorporation (BSCOL), USA
- Best Performance Framework Implementation – Hindustan Petroleum Corporation Ltd., 2013
- Co-speaker with Dr. Robert Kaplan & Dr. David Norton – International Balanced Scorecard Program, Dubai, 2010
- Best Leader Award – SembCorp Limited, Singapore, 2002
- Supply Chain Leadership Award 2024 – Transference Forum, Mumbai
Management Soft Skills
- Leadership & Organizational Development
- Strategic Planning & Execution
- Cross-Cultural Competence
- Governance, Risk Management & Compliance
- Change Management
- Cross-Functional Team Leadership
- Stakeholder Engagement
- Conflict Resolution
- Mentoring and Developing Talent
Executive Development Training
- Balanced Scorecard Certification Program, Dubai, 2010
- Economic Value Add (EVA), UK, 2011
- ISO Lead Assessor/Quality Auditor Training, 2002
- Payment Card Systems and Strategy, Sydney, Australia, 2011
- Graduate – The Bulletproof Manager, Crestcom International, USA, 2001
- Business Systems, Indian Institute of Management, Bangalore, 2012
Timeline
Head of Supply Chain Management (O2C) – Digital Platforms
Reliance Industries Limited
03.2016 - Current
Head of Business Process Management and Systems
Reliance Industries Limited
03.2014 - 02.2016
Head of Business Performance Monitoring & Strategic Projects
Reliance Industries Limited
03.2010 - 02.2014
Head, Business Systems Development
Reliance Industries Limited
03.2007 - 02.2010
Joint General Manager – Finance
West Asia Maritime Limited
11.2003 - 07.2007
General Manager – Retail Marketing and Payment Card System
Reliance Industries Limited
03.2003 - 02.2007
Chief Financial Officer
SembCorp Industries Limited
04.2001 - 08.2003
Senior Manager – Finance
SembCorp Industries Limited
04.1998 - 08.2001
Manager – Finance
STM Management Services Limited
07.1996 - 03.1998
Finance Professional
Sharat Industries Limited
08.1992 - 07.1996
Master’s Degree - Commerce
University of Madras
Fellow Member (FICWA) - undefined
Institute of Cost Accountants of India
Associate Member (IMA, USA) - undefined
Institute of Management Accountants
Post Graduate Diploma - Management
Annamalai University
Post Graduate Diploma - Computer Applications
SICT
Diploma - Information System Security Audit
The Institute of Cost Accountants of India
Bachelor’s Degree - Commerce
Bangalore University
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