MAHENDRA MAYEKAR
MUMBAI
Summary
Seasoned finance professional with leadership experience in both strategic and operational finance roles. Known for driving business growth through astute financial management, budget oversight, and effective cost control measures. Strong skills in financial planning, reporting, and risk management; consistently contribute towards enhancing company profitability. Proven track record of leading finance teams to achieve organizational objectives.
Overview
24
24
years of professional experience
Work History
Head of Finance (CFO South Asia)
Cepheid
Gurgaon
05.2018 - 05.2024
- Driven topline growth for India business with CAGR of 25%+ over 3 years
- Pricing negotiation with the largest customer in India, resulting in US$700K to annual topline YoY
- Successful transition from indirect to direct business model in India
- Build the commercial finance organization to ensure long-term business continuity.
- Vendor negotiations resulted in $200K cost savings and improved DPO
- Implemented a standard business review model for the APAC region.
- Growth partnered with APAC service leadership to deliver 30%+ YoY topline growth - making it the fastest-growing region across the company
Beckman Coulter
Mumbai
05.2013 - 05.2018
- Prepared annual budget forecasts for the South West Asia region
- Financial modelling for mid-long-term Business plans
- Work on strategies in close coordination with the BU`s heads and respective functional heads to achieve functional & business objectives
- Monitor performance indicators, highlighting trends and analysing causes of unexpected variance
- Review current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses and capital expenditures
- Managed setting up of Software Development Centre in Bangalore - complete vendor negotiations - resulted in savings of ~$2M to the organization and improved working capital
- Prepared standard revenue reporting model reflecting regional topline review and standard pricing model
- Distributor management for indirect business
Controller
Tata Communications
Hamilton, Bermuda
11.2008 - 04.2013
- Setup financial accounting and reporting process for two overseas subsidiaries of Tata Communications (in Bermuda)
- Successful transition of accounting and reporting for US subsidiaries from theUS to India
- Working capital management including accounts payable, accounts receivable, treasury management
- Preparing financials, coordinating with external auditors and presenting to the board in AGM
- Maintained general ledger integrity through review of account balances and transactions ensuring theaccuracy of information reported in the financial statements
- Managed the preparation of budgets, forecasts, cash flow analysis, trend analysis and other related activities
- Ensured business continuity in crisis situations
Senior Analyst
Lehman Brothers
Mumbai
06.2006 - 10.2008
- Successfully transitioned the accounting process from the UK to India
- Responsible for variance analysis and reporting of P&L and Balance Sheet every month for various subsidiaries from the / UK region
- Substantiation of Balance Sheet balances by SOX procedures
- Set standard processes, prepared SOP and document for sustainability
- Cross-regional co-ordination/support with counterparts - cross-training within thegroup
Consultant
Capgemini
Mumbai
10.2005 - 06.2006
- Provided advice on operational processes, business development initiatives, organizational changes and other areas of improvement
- Worked on data mining project to support global sales org
- Analyzed complex information from multiple sources to identify patterns or trends.
Senior Finance Executive
WNS Global Services Pvt Ltd
Mumbai
10.2003 - 10.2005
- Successfully setup accounting / MIS reporting for US / UK subsidiaries
- Accounting for the Corporate BU, including Accounts Payables function
- Accounts Payable for WNS Corporate
- Designed and developed a format for Fixed Asset Register as per India GAAP requirements
- Monitored performance against budget targets on a regular basis and reported any variances.
Accounts Officer
Suraksha Marine
Mumbai
07.2002 - 06.2003
- Setup complete accounting system in Tally from manual / book keeping
- Preparing and maintaining accounts up-to finalization i.e. preparation of Balance Sheet, P & L A/c of the company
- Setup MIS reporting to management to reflect key performance areas
- Coordinating with banks; preparation of Cash Flow of the company; timely statutory deductions and payment of T.D.S., P.F., settlement of salaries, consultancy fees to the employees
- Evaluated existing processes for efficiency improvements.
Accounts Officer
Tschudi & Eitzen Shipmanagement
Mumbai
08.2000 - 06.2002
- Prepared monthly reports for management review
- Maintaining accounts of various cargo vessels up to finalization, i.e. preparation of Balance Sheet and P & L A/c of each ship, for reporting to the HO in Denmark
- Creditors' control and settlement
- Preparation of monthly/yearly cash requirement projections, in coordination with the purchase /technical department, monthly reports (MIS)
Education
MBA - Financial Management
KJ Somaiya Institute of Management
Mumbai, India05-2008
Batchelor of Commerce - Accounting
KJ Somaiya College of Arts & Commerce
Mumbai, India06-2000
Skills
- Business acumen
- Budgeting & Forecasting
- Process Automation and Internal control
- Financial analysis expertise
- Cost-reduction strategies
- Financial statement preparation
- Stakeholder relationship management
- Analytical and Critical Thinking
Affiliations
- Represented college in Inter College Badminton – Mumbai University
- As a member of “Cultural Forum”, the student associate of college, played a lead role in conducting inter college festival “HOONER”
- Active member of NSS at college – conducting blood donation camps, social awareness street plays
- Cricket team member of Lehman Brothers and WNS
Accomplishments
- Received 'Star Award', 'Make it Happen' awards for contribution in Cepheid
- Awarded 'Star Award' at Tata Communications for successful transition from US to India
- 'Star Performance' award at Lehman Brothers
Languages
Marathi
First Language
English
Advanced (C1)
C1
Hindi
Advanced (C1)
C1
Timeline
Head of Finance (CFO South Asia)
Cepheid
05.2018 - 05.2024
Beckman Coulter
05.2013 - 05.2018
Controller
Tata Communications
11.2008 - 04.2013
Senior Analyst
Lehman Brothers
06.2006 - 10.2008
Consultant
Capgemini
10.2005 - 06.2006
Senior Finance Executive
WNS Global Services Pvt Ltd
10.2003 - 10.2005
Accounts Officer
Suraksha Marine
07.2002 - 06.2003
Accounts Officer
Tschudi & Eitzen Shipmanagement
08.2000 - 06.2002
MBA - Financial Management
KJ Somaiya Institute of Management
Batchelor of Commerce - Accounting
KJ Somaiya College of Arts & Commerce