Nisharg Thakkar
Bengaluru
Summary
Strategic Finance Leader with expertise in Accounting Standards, Business Processes, Internal Controls, and Cost Optimization. Experienced in financial planning and analysis within IT Services, Healthcare, Renewables, and Oil and Gas sectors. Skilled in budgeting, forecasting, and financial reporting to enhance profitability and operational efficiency.
Overview
16
16
years of professional experience
3
3
years of post-secondary education
Work History
Head of Finance- Data and AI, Consulting
Tech Mahindra Limited
Bangalore
02.2024 - Current
- Managing finance deliverables for a $500M+ portfolio at Tech Mahindra's Data and AI, and Consulting service lines.
- Streamlined reporting processes to enhance transparency and efficiency.
- Analyzed financial data to identify trends in revenue, expenses, profitability and other KPIs.
- Prepared monthly management accounts with variance analysis for budgeting purposes.
- Streamlined reporting processes to enhance transparency and efficiency.
- Simplified complex financial concepts to engage staff and stakeholders, enhancing understanding and decision-making across diverse backgrounds.
- Led the SMT program for finance, comprising high-potential MBA and CA freshers, to build the future talent pipeline for TECHM Finance
- Directed financial planning and analysis efforts for strategic decision-making.
Senior Finance Manager, Ultrasound and PCS- South Asia Region
Wipro GE Healthcare
11.2020 - 02.2024
- Led finance deliverables for the Ultrasound and PCS business segments in the South Asia region, managing a $150M+ portfolio.
- Collaborated with business leaders to implement double-digit price indexation, effectively addressing inflation and FX challenges.
- Optimized inbound freight costs through strategic logistics initiatives, preventing ~$3MM in additional expenses in 2022.
- Implemented rigorous collections and inventory management practices, reducing DSOs and increasing inventory turnover.
- Conducted monthly P&L reviews and variance analyses, enhancing predictability of financial outcomes through improved forecasting.
- Ensured compliance with internal controls and the accounting framework within business segment operations.
FP&A Manager- Services- South Asia Region
Wipro GE Healthcare
04.2018 - 10.2020
- Led financial planning and analysis for Services business segment in South Asia Region, managing $120M+ portfolio.
- Monitored key business metrics through daily and monthly reviews, identified risks, and recommended mitigation actions to support financial objectives.
- Implemented productivity initiatives with business operations, achieving $2M cost reduction in 2018-19.
- Drove inventory management and obsolescence strategies, maintaining optimum levels and improving inventory turns year-over-year.
- Collaborated with Repairs team to optimize buyback pricing, resulting in enhanced internal productivity and cost efficiency.
Corporate Audit Staff
General Electric Inc.
01.2017 - 03.2018
- Experience in Corporate Audit Staff - a global team of auditors providing assurance on GE's processes, financial statements, acquisitions and key initiatives.
- Reviewed 'External Credit Facility' authorization process, identified gaps based on risk exposure, and implemented a control mechanism.
- Conducted independent investigation into major Consultancy Services contract awarded to Joint Venture partner, ensuring compliance and identifying potential issues.
- Reviewed aged intercompany balances, identified gaps risking statutory obligations, and provided remedial action plan to GEHC Global Accounting team for resolution.
- Conducted risk modeling to assess commercial and financial implications of long-term contracts in multiple business areas.
- Evaluated margin profiles for contracts to determine critical factors affecting profit changes over time.
- Integrated the external disbursement process of acquired business entities with GE's standard policy guidelines.
Financial Management Program
General Electric Inc.
01.2014 - 01.2016
- Experience in Financial Management Program - a pioneer leadership program focusing on early career finance acumen development and multi-dimensional business exposure.
- Analyzed financial performance metrics during rotation as Finance Analyst in Central Marketing, providing insights for strategic decision-making.
- Functioned as FP&A Analyst at GE MMF Pune, supporting financial planning and analysis efforts.
- Evaluated product costs for GE Renewables South Asia, ensuring precise financial assessments.
- Enhanced budgeting processes and reporting as FP&A Analyst at Wipro GE Healthcare, streamlining financial operations.
CA Internship
GE India
01.2012 - 01.2013
CA Internship
KC Associates
Ahmedabad
01.2010 - 01.2012
- Areas covered during CA Internship: Stat Audit| Tax Audit| Controllership| Project reviews.
Education
Chartered Accountant -
Bachelor of Commerce -
Gujarat University
Ahmedabad, India 04.2009 - 04.2012
Skills
- Financial forecasting and analysis
- Financial modeling
- Financial analysis
- Data-driven analytics for decision making
- Budgeting
- Cash flow management
- Cost optimization and margin expansion
- Business risk profiling and process improvement
- Financial compliance
Hobbies and Interests
- Cricket
- Music
- Travelling
- Food
Languages
- Gujarati
- Hindi
- English
- Gujarati
- Hindi
Personal Information
Age: 34
Timeline
Head of Finance- Data and AI, Consulting
Tech Mahindra Limited
02.2024 - Current
Senior Finance Manager, Ultrasound and PCS- South Asia Region
Wipro GE Healthcare
11.2020 - 02.2024
FP&A Manager- Services- South Asia Region
Wipro GE Healthcare
04.2018 - 10.2020
Corporate Audit Staff
General Electric Inc.
01.2017 - 03.2018
Financial Management Program
General Electric Inc.
01.2014 - 01.2016
CA Internship
GE India
01.2012 - 01.2013
CA Internship
KC Associates
01.2010 - 01.2012
Bachelor of Commerce -
Gujarat University
04.2009 - 04.2012