PARMESH K. ADARKAR
CHARTERED ACCOUNTANT
Kharghar,MAHARASHTRA
Summary
Experienced finance professional specializing in financial strategy, taxes, and corporate governance. Recognized for optimizing fiscal efficiency and establishing strong financial controls. Skilled in collaborating with diverse teams and thriving in fast-paced business settings. Proficient in financial reporting and strategic planning, consistently delivering results.
Overview
22
22
years of professional experience
Work History
Chief Financial Officer
Unique Chains and Jewels Limited
MUMBAI
08.2024 - Current
- Streamlined financial processes by implementing new accounting software and automation techniques.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Oversaw budgets, payroll, and accounts payable and receivable.
- Implemented tax planning strategies that minimized liabilities while ensuring full compliance with local, state, and federal laws.
- Developed strategic financial plans to support company growth and achieve long-term objectives.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Fostered a culture of continuous improvement within the finance team, encouraging professional development opportunities for staff members.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Oversaw the successful completion of external audits, addressing any recommendations promptly to ensure smooth operations.
- Communicated business performance, forecasts and strategies to investors and shareholders.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Managed financial, operational and human resources to optimize business performance.
- Maintained P&L and shouldered corporate fiscal responsibility.
- Cultivated company-wide culture of innovation and collaboration.
Chief Financial Officer
RV Healthcare Pte. Ltd.
MUMBAI
06.2020 - 07.2023
- Company Overview: Chief Financial Officer for all Vietnam operations- Import of Finished goods in Vietnam Market for Manufactured products in India/ Myanmar Group of companies, Local sale operations for Manufactured products in Vietnam-since June 2020.
- Managing total 10 Companies with overall team members of 15 based in different locations.
- Reporting to the Group Chairman.
- Better decision support to the Group Chairman and the BOD members.
- Providing monthly reports reflecting performance like Sales, MIS, Receivable, Collection, etc.
- Active participation and support in preparation of Budget and forecast and annually in coordination with Business heads, Country Heads, Plant heads and Regional Finance Team.
- Ensuring preparation and timely circulation of MIS Reports.
- Completion of statutory audits, financial year closing in accordance with IFRS and Local VAS.
- Support in effective management of the company's working capital needs for the Group companies.
- Chief Financial Officer for all Vietnam operations- Import of Finished goods in Vietnam Market for Manufactured products in India/ Myanmar Group of companies, Local sale operations for Manufactured products in Vietnam-since June 2020.
Financial Controller
Sun Pharma Egypt Ltd.
Cairo
09.2014 - 06.2019
- Company Overview: The company is 100% subsidiary of Sun Pharma Industries Limited (Indian multinational company) and is mainly into manufacturing, trading, selling and distributing pharmaceutical products and its raw materials in Egypt.
- Managing a team of 7(seven).
- Reporting to MENA Region Financial Controller & to the Country CEO.
- Better decision support to Country head, Plant head.
- Providing monthly reports to Country Head, Plant head, reflecting performance like Sales, MIS, Receivable, Collection, Manufacturing Expenses, etc.
- Active participation and support in preparation of Budget and forecast and annually in coordination with Business head, Country Head, Plant head and Regional Finance Team.
- Completion of internal audits, statutory audits and quarterly closing, financial year closing in accordance with IFRS and IND AS.
- The company is 100% subsidiary of Sun Pharma Industries Limited (Indian multinational company) and is mainly into manufacturing, trading, selling and distributing pharmaceutical products and its raw materials in Egypt.
Head-Finance & Accounts
TUV India Private Ltd.
MUMBAI
12.2008 - 09.2014
- Company Overview: The company is into Quality Systems Certification Management, technical inspections and food testing.
- Managing a Team of Seven (7) in Head office.
- Reporting to Financial Controller & to Managing Director.
- Total Responsibility of Accounting and related controls, Corporate Taxation & Service Tax.
- Monthly Reporting to Germany for the group financial packages.
- Finalization of accounts as per Indian GAAP for March year end & as per IFRS for Dec year end for Group closing.
- The company is into Quality Systems Certification Management, technical inspections and food testing.
Assistant Manager-Finance & Accounts
Speciality Foods India Pvt. Ltd.
MUMBAI
04.2008 - 11.2008
- Company Overview: 100% Affiliate of Nestle India Ltd.
- Managing a Team of Six (2 Financial Executives and 4 Regional Commercial officers).
- Operationally Reporting to Country Business Unit Head & Functionally to Regional Finance Head in Switzerland.
- Total Responsibility of Accounting and related controls for the Medical Nutrition division.
- Presentation of Monthly Financial Deck to Business Unit (BU) Head & teleconferencing with Regional Team in Switzerland giving the key financial inputs.
- 100% Affiliate of Nestle India Ltd.
Manager- Finance & Accounts
SI Group India Ltd.
Navi Mumbai
01.2004 - 11.2006
- Company Overview: Formerly Known as Schenectady Herdillia Limited.
- Overall authority for the financial operation of the Lote and Rasal Units of the organization.
- Reporting to the General Manager: - Finance & Accounts.
- Monthly, quarterly and annual reports summarizing and forecasting Company's business activities and financial position in areas of Incomes, Expenses, and Earnings based on past, present, and expected operations.
- Formerly Known as Schenectady Herdillia Limited.
Consultant-Accounts, Tax & Audit Assistant
Schenectady Herdillia Limited
Navi Mumbai
09.2001 - 12.2003
- Company Overview: Formerly known as Herdillia Chemicals Limited.
- Bill processing right from bill lodging to bill passing.
- Independently handled payments to outsiders.
- Filled various TDS, corporate tax & wealth tax challans, B.S.T & C.S.T Return cum challans and also Income Tax Return and Wealth Tax Return Forms.
- Formerly known as Herdillia Chemicals Limited.
Professional Training (Article-ship)
M/s. Navin Dedhia & Co.
MUMBAI
07.1998 - 08.2000
- Maintained Books of accounts of clients, finalization of accounts, etc.
- Discussion with clients and finalization of audits including preparation of audit reports.
Education
Chartered Accountancy Course - Financial And Compliances
The Institute of Chartered Accountants of India
MUMBAI 06.1998 - 11.2022
Three-year Graduate Course - commerce stream
Mumbai University
Thane 04.1995 - 03.1998
HSC Examination - Commerce Stream
Maharashtra Bombay Divisional Board
04.1994 - 03.1995
Skills
Financial analysis and reporting
Analytical reporting expertise
Streamlining financial processes
Proficient in liquidity management
Risk assessment
Compliance management
Audit management
Long-term financial forecasting
Effective operational problem solving
Comprehensive tax planning
Cash flow analysis and planning
Data-driven forecasting
Executive leadership
Financial planning
Application of accounting principles
Budget planning
Personal Information
Age: 47
Timeline
Chief Financial Officer
Unique Chains and Jewels Limited
08.2024 - Current
Chief Financial Officer
RV Healthcare Pte. Ltd.
06.2020 - 07.2023
Financial Controller
Sun Pharma Egypt Ltd.
09.2014 - 06.2019
Head-Finance & Accounts
TUV India Private Ltd.
12.2008 - 09.2014
Assistant Manager-Finance & Accounts
Speciality Foods India Pvt. Ltd.
04.2008 - 11.2008
Manager- Finance & Accounts
SI Group India Ltd.
01.2004 - 11.2006
Consultant-Accounts, Tax & Audit Assistant
Schenectady Herdillia Limited
09.2001 - 12.2003
Professional Training (Article-ship)
M/s. Navin Dedhia & Co.
07.1998 - 08.2000
Chartered Accountancy Course - Financial And Compliances
The Institute of Chartered Accountants of India
06.1998 - 11.2022
Three-year Graduate Course - commerce stream
Mumbai University
04.1995 - 03.1998
HSC Examination - Commerce Stream
Maharashtra Bombay Divisional Board
04.1994 - 03.1995