Mohit Verma

Company Profile: JRG Automotive India Pvt Ltd is a prominent leader in the automotive industry, specializing in the design and manufacturing of high-quality automotive components. The company serves a wide range of OEM clients, including global automotive manufacturers, offering innovative solutions tailored to meet evolving market demands. With a workforce of over 3,000 employees.

Lead the Banking Treasury, Accounts Payable and Receivable Management, and Vendor Management.

Banking and Treasury Management:

• Managed banking and treasury operations to optimize financial performance and ensure regulatory compliance.
• Managed corporate banking relationships to ensure efficient cash flow management and optimize working capital requirements.
• Led negotiation and approval of term loans and working capital credit facilities, enhancing financial flexibility and supporting strategic business growth.
• Spearheaded bank reconciliation processes, ensuring 100% accuracy in financial reporting and timely resolution of discrepancies.
• Directed the implementation of treasury strategies to optimize fund utilization and investments, enhancing returns on surplus funds and improving financial efficiency.
• Ensured strict compliance with banking regulations and internal controls, effectively mitigating financial risks and safeguarding company assets.
• Prepared and presented detailed MIS and cash flow reports to top management, enhancing financial decision-making.

Accounts Receivable and Payable Management:

• Managed accounts receivable and payable processes, ensuring timely and accurate financial transactions.
• Managed full-cycle AR and AP processes, including invoicing, collections, vendor payments, reconciliation, credit control, dispute resolution, and cash flow optimization.
• Executed vendor reconciliation processes to ensure accurate financial records.
• Prepared various MIS reports to analyze aging, customer overdue accounts, bad debts, and accounts receivable performance, identifying key trends for management.

Company Overview: PPAP Automotive Limited
PPAP Automotive Limited is a publicly listed company on the (NSE) and (BSE) specializing in the automobile industry in India. The company is a prominent manufacturer and supplier of high-quality automobile parts to leading automotive brands, including Maruti Suzuki, Honda, Toyota, General Motors, and Nissan.

With 7 state-of-the-art manufacturing units strategically located across Delhi, Noida, Bhiwadi, Chennai, and Gujarat, PPAP Automotive Limited is well-equipped to meet the dynamic demands of the automotive sector. The company generates an annual turnover of approximately ₹600 crores and employs a workforce of around 3,000 skilled professionals, reflecting its robust operational and financial strength.

PPAP Automotive Limited is committed to innovation, sustainability, and excellence, making it a preferred partner in the automobile supply chain industry.

• Deputy Manager (2023–2024) | Lead Group Level Accounts Receivable Management, Internal Audit, and SAP Issues.
• Assistant Manager (2019–2023) | Accounts Receivable
• Senior Executive (2016–2019) |Import Management.
• Executive (2011–2016) |Accounting and Banking.

Accounts Receivable Management:

• Managed group accounts receivable and conducted internal audits to ensure financial accuracy and compliance.
• Developed and implemented collection strategies to reduce outstanding receivables and monitor overdue accounts.
• Established and reviewed credit policies to mitigate credit risk.
• Maintained positive customer relationships to facilitate prompt payments and resolve inquiries.
• Prepared various MIS reports to analyze aging, customer overdue accounts, bad debts, and accounts receivable performance, identifying trends for management.
• Evaluated and enhanced accounts receivable processes to improve efficiency and effectiveness.
• Conducted comprehensive financial forecasting to support strategic decision-making.

Internal Audit:

• Conducted comprehensive internal audits to ensure compliance with company policies and regulatory requirements.
• Executed pre-audit planning and resource allocation, ensuring efficient audit processes.
• Conducted comprehensive internal audits to evaluate compliance and operational efficiency, ensuring adherence to established policies and procedures.

SAP Issues/New Requirements:

• Resolved SAP issues and implemented new requirements to enhance system functionality.
• Centralized issue tracking to streamline problem resolution and enhance team efficiency.

Import Accounting Management: (April 2016 – June 2021)

• Managed import accounting processes, ensuring compliance with international regulations and timely financial reporting.
• Managed import payments for materials, advances, services, and royalties, including the issuance of Letters of Credit (L/Cs).
• Negotiated and coordinated forward contract agreements with banks for FCY purchases.
• Hedged foreign currencies and compiled detailed reports to monitor profit and loss.
• Managed the accounting of all import payment vouchers.
• Managed the booking of foreign exchange differences (DOFE) and prepared Forex provisions for financial statements.
• Prepared detailed summaries of import payments, including timely and delayed transactions analysis.
• Managed the procurement of imported raw materials in various foreign currencies, ensuring accurate tracking of FCY fluctuations between customs clearance and foreign payments for comprehensive analysis.
• Managed the monthly Custom exchange rates data.
• Coordinated and submitted Bills of Entry (BOEs) while maintaining accurate records.
• Ensured timely online payment of custom duties based on requests from CHA to facilitate material release from the customs warehouse.
• Prepared detailed reports on payables and advances for import suppliers, container security, and freight, ensuring timely review and action by the Purchase and Plant Accounts departments.
• Prepared documents for the issuance of G.R. Waiver Certificates to facilitate material dispatch for testing at foreign suppliers, ensuring timely follow-up with the bank.
• Prepared documents for the release of materials purchased through High-Sea Sales, including indemnity bonds and KYC requirements for CHA.
• Prepared and submitted bank documents to facilitate the realization of export payments from foreign customers.
• Managed accounting and banking operations, ensuring accuracy and compliance with financial regulations.

Accounting and Banking: (May 2011 – April 2016)

• Prepared daily bank position of funds.
• Processed online payments, computerized and manual cheques, demand drafts, pay orders, and RTGS/NEFT transactions.
• Processed online payments for ESIC, PF, TDS, TCS, and Income Tax.
• Maintained detailed records of interest and bank charges.
• Compiled detailed section-wise TDS reports.
• Managed cash operations effectively.
• Processed employee reimbursements and salaries efficiently.
• Processed and recorded foreign travel expense bills for employees.
• Performed comprehensive bank reconciliations to ensure accuracy of financial records.
• Determined appropriate account heads for purchase invoices and cash vouchers.

• Maintaining and Issuing the “C” Forms from Sales tax department
• Maintaining the details of Sales Tax returns
• Maintaining the Sales invoice
• Helping with Account Manager