MILROY FERNANDES
Fund raising debt and equity, Banking, treasury and MIS
Navi Mumbai
Summary
Focused professional targeting challenging assignments in Finance and Treasury Operations in a large,growing organization of high repute.
Extensive 24+ years of experience in various function like Corporate Finance,Treasury Management, Budgeting,Financial Planning & Finance Control in various industries like Real Estate,Retail,FMCG&Jewellery manufacturing. Resourceful in developing strategies / action plans on aspects such as long-term funding, balance sheet management, investments and risk management. Driving finance management with the objective of reducing cost and increase profitability. Strong exposure and understanding of business strategy planning and implementation related to finance. Project valuation,Business Modelling & Project loan for fund raising activities (US $ 320 Million) and Merger & Acquisitions (M&A) in real estate company. Achieved financial closure of three large mega projects of Rs. 765 crores. A forward thinking person with excellent communication, analytical, decision making, time management and leadership skills with proven capability in planning & managing resources.
Overview
34
34
years of professional experience
2006
2006
years of post-secondary education
4
4
Languages
Work History
Head Treasury
Western Capital Advisors Pvt. Ltd
05.2022 - Current
- Raising of Term Loan, NCDs & Market linked debentures (MLD) for the growth of business
- Coordinating the finalisation of accounts
- Treasury deploying of surpluses to maximum the yields
- Corrdinating with RBI for returns filing
- Represent the Company in Investor meetings
- Review, improve and analyse the MIS reports
Head Treasury & VP-Finance & Accounts
Dhanvarsha Finvest Limited
11.2020 - 05.2022
- Raising of Term Loan, NCDs & Market linked debentures (MLD) for the growth of business
- Coordinating the finalisation of accounts
- Represent the company in Investor meetings and conferences
- Review, improve and analyse the MIS reports
Consultant
05.2020 - 10.2020
- Raising of working capital and long term funds for the growth of business
AVP-Finance
Deutsche Bank -Franchise
04.2019 - 05.2020
- Raising of working capital and long term funds for the growth of business
- Coordinating the finalisation of statutory accounts, Tax audit reports and ensuring the compliances with the Accounting Standards
- Managing FOREX Risk Management of the Company
- Analysis and strategizing various options with the view to reduce the cost
AVP-Finance
Priyanka Communications Pvt. Limited
05.2018 - 04.2019
- Partnering the CEO in managing business growth and strategy
- Managing the entire Finance& Accounts function
- Raising of working capital and long term funds for the growth of business
- Specalities: Business Planning, Raising funds from banks and PE, setting up and review of process, Implementation of ERP
AVP-Finance
Firestar International Limited
04.2016 - 05.2018
- Managing the Finance function (Domestic &International)with debt exposure
- Managing Overseas Direct Investment and Foreign Direct Investment of the Company including compliance and liasioning with Reserve Bank of India
- Implementing financial results forecasting system for providing accurate future results projections & budgeting system ensuring timely compilation & presentation of budgets
- Formulating better FX policy and strategies related to the requirement of business
- Managing FOREX Risk Management of the Company
- Analysis and strategizing various financing options with the view to reduce the cost
- Core team in work related to Initial Public Offer,Merger & Demerger of the Company/Subsidaries
General Manager - Finance
ADF Foods Limited
11.2012 - 03.2016
- Directed overall finance & treasury and corporate planning functions of the Company
- Managed all borrowing relationships of group company and overseas subsidiaries with banks and financial institutes, which included major nationalized banks, private banks, foreign banks and major NBFC's
- Developed long-term business plan and other strategic proposal for the top management
- Maintain relationship with bankers, market participants and analysts by disseminating timely and accurate data / information
- Review improve and analyse the Consolidated Financials Model at regular intervals for insightful decision making & Corporate Presentation
- Represent the company in Investor meetings and conferences
- Analysing acquisition opportunities, initiating and negotiating strategic tie-up for new business
- Independently handled the Financial & Legal due diligence for proposed merger
- Liaising with domestic and overseas distributors/ vendors along with Procurement team for payment negotiation
Assistant General Manager-Finance
Aditya Birla Retail Ltd.
03.2008 - 10.2012
- Raising funds long term and short term loans and general line of credit for our projects & partners
- Analysing, monitoring and preparing of consolidated business plans, for the hypermarket business
- Analysing viability of single store hyper-market model through preparation of financial models
- Analysing investment opportunities, initiating and negotiating strategic tie-up with financiers & banks
- Viability of the hypermarket store through project feasibility analysis, market analysis, site analysis, competition analysis
- Managing and supervising the preparation of yearly Budgets, monthly MIS reports and ensuring timely submission to the stakeholders
- Monitoring & analysis expenses with relation to the budgets, devising strategy for reduction / savings
- Monitoring of capital expenditure for the hyper markets, and ensuring their adherence to the company business plan / budgets and in line with the approval
- Functional analysis for developing business reporting through Business intelligence
Senior Manager -Finance& Accounts
Phoenix Group
01.2007 - 02.2008
- Worked on the valuation models, Merger report and documentation for the successful Merger of PML and Ashok Ruia Enterprises Private Limited (AREPL)
- Performed the Valuation of PML and Entertainment World Developers Private Limited (EWDPL) for the strategic merger of the holding company of EWDPL and PML
- Achieved successful closure of Private Equity deal worth $USD 5 million for an Associate company
- Prepared the PIM/ Proposals for Project Loans for our various Hotels & Mall projects
- Achieved financial closure of 3 large project loans totalling INR 765 crores, by interacting with and assuring buy-in by multiple Consortia of Bankers
- Analysing investment opportunities and implementing strategic initiatives for tie-ups with private equity groups, other developers, asset management companies and financiers
- Managed & supervised the preparation of Budgets, MIS and Project Management Contracts for various integrated megaprojects being executed by the group through various SPVs
- Assisted investors and merchant bankers to successfully complete the exhaustive legal, financial, secretarial and property-related Due Diligence of PML for the preferential allotment of equity shares of PML worth approx
- $USD 80 mn
- (Rs
- 318 crores), to foreign institutional investors
- Initiated and handled all activities related to insurance for 4 mega projects, machinery and employees
Assistant Manager -Finance& Accounts
Kalpataru Group
08.1997 - 12.2006
- Prepared Term Loans proposal, general line of credit for our various commercial and residential projects
- Negotiating with the bankers for our conversion of FCNR loans by getting better interest rate
- Preparation of QIB reports for the bankers
- Coordinated with statutory auditors, internal auditors for the timely completion of the statutory audit, Tax audit & Statutory compliances
- Preparation of Budgets, MIS
- Analysis of monthly MIS reports
- Comparison of the Budgeted vs
- Actual and proper reasoning for the variation
- Coordinating the finalisation of statutory accounts, Tax audit reports and ensuring the compliances with the Accounting Standards
- Preparation of Annual Operating Plan & Advance Tax planning
- Represented sales tax, service tax assessment, preparing and filing of sales tax & service tax returns
- Part of core team in setting up process and implementation of ERP package for the company
Accountant
BLA Industries Ltd.
08.1994 - 07.1997
Account Assistant
Dulani Lodaya & Co, Chartered Accountants
05.1991 - 02.1994
Education
MBA - MFM Finance
Lala Lajpat Rai Institute of Management
Mumbai01-2006
B.Com. - undefined
Mumbai University
Skills
SAP- FI Module
Personal Information
- Number of Children: 2
- Date of Birth: 07/30/72
- Marital Status: Married
Timeline
Head Treasury
Western Capital Advisors Pvt. Ltd
05.2022 - Current
Head Treasury & VP-Finance & Accounts
Dhanvarsha Finvest Limited
11.2020 - 05.2022
Consultant
05.2020 - 10.2020
AVP-Finance
Deutsche Bank -Franchise
04.2019 - 05.2020
AVP-Finance
Priyanka Communications Pvt. Limited
05.2018 - 04.2019
AVP-Finance
Firestar International Limited
04.2016 - 05.2018
General Manager - Finance
ADF Foods Limited
11.2012 - 03.2016
Assistant General Manager-Finance
Aditya Birla Retail Ltd.
03.2008 - 10.2012
Senior Manager -Finance& Accounts
Phoenix Group
01.2007 - 02.2008
Assistant Manager -Finance& Accounts
Kalpataru Group
08.1997 - 12.2006
Accountant
BLA Industries Ltd.
08.1994 - 07.1997
Account Assistant
Dulani Lodaya & Co, Chartered Accountants
05.1991 - 02.1994
B.Com. - undefined
Mumbai University
MBA - MFM Finance
Lala Lajpat Rai Institute of Management
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