PIYUSH KUMAR BAGARIA
Bharuch
Summary
Finance professional with significant experience at DCM Shriram Ltd and Borosil Scientific Ltd, specializing in financial reporting and budget management. Demonstrated success in process automation and enhancing internal controls, resulting in improved profitability. Proficient in SAP and advanced Excel, effectively streamlining operations and promoting teamwork in problem-solving.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Manager of Accounts and Finance
DCM SHRIRAM LIMITED
Jhagadia
09.2022 - Current
- Coordinated end-to-end statutory and internal audits, ensuring compliance and timely closures.
- Ensured adherence to monthly and quarterly closing deadlines while tracking activities.
- Reviewed trial balances monthly, identifying actions necessary for asset and liability management.
- Automated audit scheduling in SAP, achieving significant time savings organization-wide.
- Acted as business representative for digitalization projects, implementing AI to minimize manual tasks.
- Developed standard operating procedures (SOPs) for new projects alongside SAP implementation.
- Supported fixed assets team with capitalization of new projects per IND AS standards.
- Managed inventory by blocking obsolete items and optimizing Min-Max levels with stores team.
- Reviewed accounts payable and receivable invoices for accuracy, completeness and compliance with company policies.
- Reviewed internal control systems to ensure compliance with established policies and procedures.
- Completed month-end and year-end closings, kept records audit-ready and monitored timely recording of accounting transactions.
- Collaborated with external auditors during annual audit process.
- Analyzed budget variances to identify potential cost savings opportunities.
- Utilized various software and tools to streamline processes and optimize performance.
Joint Manager (Accounts and Finance)
Amal Ltd (Atul Group)
Ankleshwar
05.2021 - 09.2022
- Monitored capital expenditure and compared monthly budgets against actuals for diverse projects.
- Managed day-to-day plant operations, identifying areas for improvement in workflow efficiency.
- Prepared and maintained fixed assets register, overseeing asset capitalization and retirement processes.
- Controlled project-related data for new 300 TPD Project, ensuring accurate capitalization.
- Oversaw ERP activities at plant level to enhance operational functionality.
- Compiled monthly inventory MIS, conducting thorough analysis of consumption patterns.
- Developed annual financial reports in compliance with Ind AS standards.
- Implemented inventory control measures, tracking procurements and requirements to minimize excess stock.
Asst. Manager (Accounts and Finance)
Haldex India Pvt. Ltd (Anand Group)
Nashik
02.2020 - 05.2021
- Prepared monthly Management Information Systems (MIS) and conducted thorough analysis of financial performance.
- Generated monthly reports for Haldex Sweden and Anand Group using IBM-Cognos and Oracle-Eager.
- Compiled annual financial statements according to Ind AS, fully compliant since FY 2019-20.
- Developed quarterly forecasts, annual budgets, and strategic plans for financial operations.
- Managed GST reconciliation, refunds, and audits; implemented E-Invoicing and EY Digi GST successfully.
- Facilitated internal, statutory, direct tax, and indirect tax audits to ensure compliance.
- Automated processes by minimizing manual tasks through ERP and Excel integration.
- Provided functional guidance to IT team, testing new functions prior to production deployment.
Head of Finance
Borosil Scientific Ltd
Nashik
04.2018 - 02.2020
- Prepared monthly MIS and management accounts, providing actionable financial performance analysis.
- Analyzed performance variances, presenting insights in management reports and board meetings.
- Directed financial planning, forecasting, and annual budgeting for strategic alignment.
- Managed cash flows and optimized foreign exchange exposure to maintain strong working capital.
- Developed product pricing strategies and collaborated with marketing on inventory liquidation initiatives.
- Benchmarked competitors' financials and analyzed market trends to drive business growth.
- Tracked capital expenditures, evaluating investment proposals using ROI, NPV, and IRR metrics.
- Implemented cost-control initiatives and process improvements, achieving substantial savings.
Costing Executive
Borosil Scientific Ltd
Bharuch
11.2016 - 04.2018
- Developed new product costing and pricing strategies to enhance profitability.
- Prepared and managed budget, ensuring effective budgetary control.
- Calculated payback for capital expenditures to assess investment viability.
- Analyzed monthly consumption against actuals, collaborating with PPC and production teams to address variances.
- Conducted inventory reconciliation and valuation to maintain accurate records.
- Reconciled sales general ledger with sales register for financial accuracy.
- Ensured alignment between consumption GL and MM module, as well as MM module and FI module.
- Supported internal audits by assisting auditors and preparing quarterly audit responses.
- Prepared estimates used by management for planning, budgeting and scheduling work.
- Monitored costs with implementation of long-term systems and procedures for tracking and reporting on data.
- Assisted with budget preparation by providing cost estimates and projections.
Articled Assistant
M/s S. N. Shah & Associates, Chartered Accountants
Ahmedabad
02.2013 - 02.2016
- Conducted internal audit for limited company, leading a team of 2 members.
- Collaborated with major industries including ceramics, paper, chemical, banking, and construction.
- Analyzed financial statements to identify discrepancies and areas of improvement.
- Analyzed balance sheets for mistakes and inaccuracies.
- Oversaw full accounting cycle and prepared applicable financial statements.
- Presented audit results to management teams, delivering information in non-technical terms for easy understanding.
Education
CHARTERED ACCOUNTANT -
ICAI
Delhi06-2016
CMA -
ICMAI
DelhiB.Com -
VNSGU
Surat03-2014
HSC -
ISC Board
Bharuch03-2011
SSC -
ICSE Board
Bharuch03-2009
Skills
- ERP and financial systems expertise
- SAP implementation
- Financial reporting and budgeting
- Cash flow management
- Internal controls and compliance
- Budget oversight
- Process automation
- Multitasking skills
- Data analysis
- Advanced Excel and Office proficiency
- Strategic problem solving
Accomplishments
- Was recognized for helping and solving the problems of the team
- Was awarded for implementing the maker and checker concept in SAP Master
- Was awarded for automating HR training records as a part of the Kaizen competition with the team
- Secured a top 10 position throughout my school life
- Member of the Total Productive Maintenance (Education & Training) Committee at Vyline Glass Works Ltd
- Represented as a Core Committee Member of the CA Students WICASA Committee, Bharuch Branch
- Easily adapts to change, with eagerness toward learning and applying new technology quickly
Hobbies and Interests
- Traveling and exploring new cultures, enhancing adaptability and global perspective.
- Personal development and continuous self-improvement through reading and skill-building.
- Learning new financial software and tools to stay updated with industry advancements.
Personal Information
- Father's Name: Suresh Kumar Bagaria
- Date of Birth: 02/11/93
Certification
- CHARTERED ACCOUNTANT
Languages
English
First Language
English
Proficient (C2)
C2
Hind
Proficient (C2)
C2
References
References available upon request.
Timeline
Manager of Accounts and Finance
DCM SHRIRAM LIMITED
09.2022 - Current
Joint Manager (Accounts and Finance)
Amal Ltd (Atul Group)
05.2021 - 09.2022
Asst. Manager (Accounts and Finance)
Haldex India Pvt. Ltd (Anand Group)
02.2020 - 05.2021
Head of Finance
Borosil Scientific Ltd
04.2018 - 02.2020
Costing Executive
Borosil Scientific Ltd
11.2016 - 04.2018
Articled Assistant
M/s S. N. Shah & Associates, Chartered Accountants
02.2013 - 02.2016
CHARTERED ACCOUNTANT -
ICAI
CMA -
ICMAI
B.Com -
VNSGU
HSC -
ISC Board
SSC -
ICSE Board
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