MITUL BHAVSAR

• Reporting to: Sr. Vice President, Finance & Accounts.
• Ensure GL accounting, all reconciliation, month-end closure.
• Ensure monthly financials for standalone and consolidated.
• Present monthly insights on revenue, cost base, headcount, utilization, and margins.
• Ensure compliance with financial regulations, accounting standards.
• Monthly MIS project-wise review, SBU-wise, and in-depth analysis.
• Prepare and coordinate the business planning and forecasting process, appraising performance against the plan and forecast for each project.
• Lead an annual budget for all SBUs, along with AOPs for each project.
• Partnering with the BU Head and the Functional Leader to drive strategic decisions.
• Extensive integration in M&A activities, due diligence.
• Manage capital allocation and financial forecasting for CapEx and OpEx projects.
• Ensuring all SOPs are adhered to in an effective manner.
• Ensure GST, TDS, Advance Tax, and Statutory & ROC Compliances.
• Manage and monitor MSME vendors, and ensure timely settlement.
• Monitor and optimize working capital across receivables, payables, and inventory.
• Manage treasury functions, cash flow planning for projects, and banking relationships.
• Implement effective fund utilization and cost of capital optimization strategies
• Review project finance limits, monitor LC, and PBG in a timely manner.
• Supervise cost-saving initiatives and improvement programs.
• Manage internal audits and implement a robust RCM to safeguard the company's assets.
• Coordinate with statutory auditors, and ensure timely completion.
• Establish and ensure internal controls to identify and mitigate financial risks.
• Participate in key decisions as a member of the executive management team.
• Mentor a high-performing finance team across functions (AP, AR, FP&A, PMO, Projects, Commercials, HR, Legal, Product Technology, BU Head, HoD).

• Reporting to: CFO, India.
• Review monthly financials and MIS as per US (GAAP), group reporting, and IGAAP for local reporting.
• Closely monitor monthly deferred sales, COGS, lease accounting for US GAAP, accrual, and prepaid.
• Detailed variance analysis, sales analysis (region, product, category, KAM), and trend analysis.
• Design and monitor robust financial controls and procedures; end-to-end documents are driven through ERP only.
• Ensuring all SOPs are adhered to in an effective manner
• Budgeting, forecasting, controlling, and reviewing variances.
• Monthly review and update the inventory item cost, so as to arrive at the correct inventory valuation.
• Arrangement of insurance coverage for asset and marine insurance, and timely renewed with the commercial team.
• Driving receivables and payables, inventory control, and cash flow management.
• Manage and ensure completion clean all audits
• Liaise with the respective auditors, bankers, advisors of CS, legal and tax consultants, and actuarial
• Ensure TDS, GST, PF, ESIC, and PT payments, and timely returns, as well as monthly FEMA ECB-2 and UHFC.

• Reporting to: CFO, India
• Prepare financial statements, corporate MIS, and integrated reports for management.
• Managed financial reporting processes ensuring accuracy and compliance requirements.
• Oversee and review the monthly MIS, including segment, product, and customer-wise data, with YTD performance.
• Monthly MIS, cost center-wise, inter-group company reports uploading Group SAP. Monitor financial health and business performance by analyzing results, minimizing impact variables.
• Support on contract evaluation and negotiation for commercial terms, product pricing, and costing.
• Oversee, lead, finalize, and administer the annual CapEx budget, Opex budget, and planning process.
• Drive group financial planning in coordination with business unit heads.
• Manage cash flow, including receivables, to analyze revenue trends, and collection trends.
• Monitor inventory movement to plow back, to have an accurate forecast.
• Manage, prepare, and support all audits, risk audits, governance group audits, and closure.
• Ensure proper internal finance control and SOPs in all business transactions, validating insurance contracts.
• Directly manage all aspects of general accounting operations, including GL, TB, and BS, as per Ind AS and IFRS.
• Partner with Lead Payables, Receivables, and Treasury for the overall accounting and tax integration of TDS and GST.
• Effective payroll management, including payment and returns of PF, ESIC, PT, and LWF.
• Fixed Asset Register maintenance and monthly depreciation roll-forward, handling the present value of fixed assets.
• Grant and lease accounting, monthly deferred sales, and COGS working.

• Reporting to: CFO
• India: Preparation of the statutory accounts, consolidated accounts, balance sheet, and P&L in compliance with IGAAP.
• Raising funds from banks and financial institutions on term loans and working capital, and interaction with banks.
• Manage Treasury, prepare CMA data and appraisal notes, propose limits, and ensure FEMA compliance.
• Plant Accounting, Costing, Credit Control, Profitability Analysis, and Project Cost Monitoring.
• Responsible for financial planning, including budgeting, forecasting processes, and comparison.
• Optimizing fund allocation and ensuring appropriate cash flow for operations, initiating and following up on cost savings.
• Liaison with internal, statutory audit, and due diligence for venture capital fund.
• Ensure all statutory compliances, such as GST, TDS, PT, PF, ESIC, and e-way bills, including GST audit and assessment.
• Design, implement, and maintain internal finance controls to minimize risks over receivables, payables, and inventory.
• Manage fixed assets and projects, and FAR, and identify capitalization carefully.
• Developing and implementing new procedures, monitoring, and troubleshooting all ERP Finance Module issues.

• Reporting to: the CEO and Director, Ahmedabad.
• Monthly Profitability Reporting: SKU, Region, Flavor, Segment Reporting, including Cash Flow.
• Maintenance and updating of the FA register, with depreciation and CAPEX.
• Ensure the completion of internal and statutory audits, costing and cost analysis, and analyzing monthly cost variance.
• Implementation and supervision of internal finance controls, OPEX.
• Maintain banking relationships, supervise foreign inward and outward remittances, and OD facility.
• Documentation for cash credit, DP, LCs, PBG, and CMA data.
• SPOC for queries in ERP and guiding staff on the timely resolution thereof.
• MIS on Production Capacity, Product Costing, Budget, and Variance Analysis.
• Ensure to monitor TDS, GST, timely payment, and returns.

• Reporting to: GM Finance, Ahmedabad.
• Finalization of Company Accounts, Financial Reports, P&L, Notes, and Schedules.
• Monthly division-wise MIS and performance report.
• Assist in budgeting, periodical review, and variance controlling.
• Bank reconciliation, vendor reconciliation, provisions and accruals, cash flow planning.
• Ensure compliance for internal, statutory, and tax audits.
• Fixed asset register and depreciation working.
• Evaluation of Debtor Aging and Creditors' Aging, Advance Settlement.
• Preparation of CMA data, FFR reports, and stock statement for DP purposes.
• Excise Duty, RG Part I & II, ARE, PLA, CENVAT, return filing, LUT, CT-1, CT-3, PAC, SHIC License, EPC.
• Handling appeal and SCNs, assessment, liaising with the Excise Department, proof of export, and claim of DDBK.
• Custom duty, customs clearance for imported and exported goods, coordination with CHA.
• Service tax returns payment, RCM working, CENVAT, assessment.
• Income Tax, TDS, Advance Tax, Form 16, 16A, 26AS, Income Tax Assessment, coordination with CA.

- Sales Tax, CST, VAT ITC, Compliance of VAT audit, Assessment, C, I, H, E-1, E-2 Form reconciliation

- Monitor of retirement of LC, PBG, CPG, Discounting, BOE, Documentations

• Reporting to: CFO and GM of Finance, Baroda, HO.
• Consolidation of TB for all divisions.
• Ensure proper branch accounting, inter-division reconciliation, monthly MIS, bank reconciliation, and vendor reconciliation.
• Ensure PT, PF, ESI, EPS, VPF, and preparation of payment and returns as per the Act.
• Coordinating with internal CAG auditors on financial reporting matters, and annual budget preparation.