MANISH G. MODANI
Thane (West),MH
Overview
25
25
years of professional experience
Work History
Chief Financial Officer
RDC Concrete India Ltd
12.2007 - Current
- Strategic Growth & Financial Leadership
- Delivered 25% CAGR in revenue and EBITDA for 10+ years, positioning RDC as one of India’s fastest-scaling concrete companies.
- Expanded banking relationships and credit lines from ₹50 Cr to ₹500+ Cr, a 10x increase, through strategic refinancing and lender diversification.
- Reduced the average borrowing cost from 13% to 9.5%, improving profitability and strengthening capital structure.
- Liquidity, Credit Control & Risk Management
- Maintained negative working capital consistently through disciplined cash management and collection efficiency.
- Designed and executed a robust customer credit limit framework, sustaining bad debts at just 0.75%, even amidst rapid revenue expansion.
- Implemented legal recovery systems and improved collection discipline across all regions.
- Capital Markets & Governance Excellence
- Led the Draft Red Herring Prospectus (DRHP) preparation for a planned listing, managing all financial disclosures, audits, due diligence, and regulatory interactions.
- Enhanced corporate governance and internal controls to align with IPO-ready compliance standards.
- ERP, Process Transformation & Reporting
- Standardised ERP and automated finance workflows across India-wide operations.
- Achieved MIS closure by the 10th of every month and audited financials presented within 40 days of quarter/year-end.
- Built profitability dashboards, Board review packs, and data-driven decision mechanisms.
- P&L Ownership & Operational Leadership
- Oversaw FP&A, taxation, treasury, costing, audit, compliance, and multi-location finance teams.
- Served as Business Head for Pune & Mangalore, directly improving local profitability, operations, and governance.
Manager – Finance & Accounts
Oilco Services (India) Ltd
03.2006 - 12.2007
- Led accounts finalisation, taxation, costing, budgeting, MIS, and banking functions.
- Directed ERP implementation and strengthened statutory compliance.
- Managed a cross-functional finance and accounts team and improved reporting efficiency.
Assistant Manager
A.F. Ferguson & Associates (Now Deloitte)
02.2005 - 02.2006
- Managed statutory and foreign reporting audits for leading clients including Colour-Chem, TCE Consulting, and MIDCO.
- Strengthened audit frameworks and ensured compliance with Indian GAAP and international reporting standards.
Article Assistant
M.M. Nissim & Co.
08.2000 - 01.2005
- Conducted statutory, tax, and internal audits for major clients such as MRF, Grauer & Weil, Indian Smelting, Jewelex, and Aga Khan Health Services.
- Developed deep foundational expertise in audit, compliance, taxation, and financial controls.
Education
Chartered Accountant (CA) -
ICAI
01.2004
Bachelor of Commerce - undefined
MDS University
Ajmer01.2003
Skills
- Strategic financial planning
- Financial management
- Financial reporting
- Financial policy creation
Timeline
Chief Financial Officer
RDC Concrete India Ltd
12.2007 - Current
Manager – Finance & Accounts
Oilco Services (India) Ltd
03.2006 - 12.2007
Assistant Manager
A.F. Ferguson & Associates (Now Deloitte)
02.2005 - 02.2006
Article Assistant
M.M. Nissim & Co.
08.2000 - 01.2005
Bachelor of Commerce - undefined
MDS University
Chartered Accountant (CA) -
ICAI