Pradeep Chowdhury
Bengaluru
Summary
A seasoned professional with more than 13 years of experience in diverse functional areas, which helps me to be a leader who can contribute to the divergent growth of an organization.
A learner who aspires to seek a challenging opportunity in finance and to be a part of a professionally run organization that has potential for growth—both organizational and personal—and provides ample opportunity to learn, improve, and implement.
Strategic Senior Director known for high productivity and efficient task completion. Specialize in leadership development, operational strategy, and financial acumen. Excel in communication, problem-solving, and adaptability, ensuring seamless project execution and team synergy.
Overview
17
17
years of professional experience
Work History
Senior Director, Finance
Groww - Billionbrains Garage Ventures Private Limited
Bengaluru
04.2022 - Current
- Company Overview: Largest Stock Broker in India
- Setting-up internal controls, process flows and policies with specific focus towards automation to bring operational efficiency and control to each process
- Business planning, cost optimization, budgeting and forecast
- Identification of key business drivers, financial metrics and trend analysis through BI set-up
- Largest Stock Broker in India
Director, Finance
Razorpay Software Private Limited
Bengaluru
06.2020 - 04.2022
- Company Overview: one of the leading Payment Gateway Company in India
- Setting-up internal controls, process flows and policies with specific focus towards automation to bring operational efficiency and control to each process
- Business planning, cost optimization, budgeting and forecast
- Identification of key business drivers, financial metrics and trend analysis through BI set-up
- Review of core accounting, revenue, payable and compliance
- Complete automation of payments and reconciliation of supplier
- Treasury monitoring, Cash flow and working capital management
- Involved in funding, valuation and due diligence process
- Handling Statutory and internal auditors
- Review of monthly closing financial reports like Balance Sheet, P&L, schedules
- One of the leading Payment Gateway Company in India
- Finance and Tax Due Diligence for Series-D funding round for $ 100 Mn
- Finance and Tax Due Diligence for Series-E funding round for $ 160 Mn
- Implementation of SAP
- Implementation of Internal control policies and internal controls over financial reporting
- Implemented the GST E-Invoicing for the company as per the statutory requirement without any non-compliance for 45K merchants
- Org restructuring for transfer of Razorpay-X business from RSPL to RXPL including managing the migration
- Evaluation of the Transfer Pricing structure of the group and came up with multiple options for the implementation
Finance Controller
Dunzo Digital Private Limited
Bengaluru
07.2019 - 06.2020
- Company Overview: The fastest growing e-commerce and hyper local delivery platform
- Management and Analysis of Profit & Loss, Balance Sheet, cash flow and working capital management
- Streamlining the process of MIS closure from CD+20 days to CD+7 days
- Treasury management including identification of different Securities for investments
- Statutory Audit and other statutory compliances for the FY 2018-19
- Review of Direct and Indirect Taxation Matters
- Vendor negotiations for cost Optimization
- Analyzing the database and rectification of the major issues for proper accounting
- The fastest growing e-commerce and hyper local delivery platform
- Implementation of an ERP – Microsoft Dynamics 365
- Implementation of Internal control policies and internal controls over financial reporting
- Automation of TCS deduction and Merchant Payments through Nodal via API Integration
- Closure of series D funding round of $ 45 Mn
- Due Diligence for Series E funding round for $ 50 Mn
- Strategy for recognizing the Commission from Delivery Partners
Senior Manager
Flipkart Internet Private Limited
Bengaluru
01.2016 - 07.2019
- Company Overview: The Largest e-commerce company in India
- Prepare and analyze monthly/quarterly/annual financial statements including consolidation of accounts
- Adoption and Implementation of IND AS in preparation of Financial Statements
- Monthly preparation and review of the Statement of Profit & Loss and working capital including the control check points for the overall review of the entity to test the effectiveness of the existing controls
- Assisting in preparation of internal control policies and implementing & maintaining internal financial controls
- Preparing Accounting Guidance and Memo’s for the areas reviewed at a group level
- Review of Direct and Indirect Taxation Matters, Legal Notices, Show-cause notices, Orders including ICDS
- Preparation of business models and projections for valuation of the companies for down-streaming of funds and IFRS 10 benchmarking of specified transactions at a group level including Flipkart, Myntra and Jabong
- Handling Statutory Audits, SOX Audit, ICOFR Audit, Tax Audits, Transfer Pricing Audit and Internal Audits
- MIS reporting including entity profitability, consolidated profitability report, Creditor’s analysis
- Preparation of Board Deck for the entities, Consolidated Board Deck and Audit Committee Presentation
- Handling specific projects related to the restructuring of the company including making project plan and overall implementation of the project within the timelines
- Analyzing the impact and benefit of GST at a group level for decision making and tax planning
- Preparation of Accounting Manual highlighting the changes in accounting in GST regime
- Setting up process for reconciliations of GSTR including assessing the impact of GST on intercompany transactions
- Onboarding of sellers including necessary registrations and agreements
- The Largest e-commerce company in India
- Restructuring of group entities by the way of merger & amalgamations under common control
- Cost Synergy at a group level including intercompany rate cards for tax optimization and tax planning
- Due Diligence for Fund Raising of $1.4 Billion and acquisition of eBay India
- Due Diligence for Fund Raising of $ 2.5 Billion from SoftBank Vision Fund
- Due Diligence for Acquisition by Walmart Inc
- And primary fund infusion of $ 2 Billion
- Closing activities including Representations & Warranties, Disclosure Schedules, Litigations, etc
- For the share purchase agreement between Flipkart Limited & Walmart Inc
- Lead the audit under 'Foreign Corrupt Practices Act' conducted by KPMG for acquisition by Walmart Inc
- Conducted the benchmarking and pricing study for Intercompany transactions to justify the arms-length pricing
- Implemented IFRS 15 / IND AS 115 'Revenue from contracts with Customers'
- Preparation of Opening Balance Sheet of Flipkart Group as at the acquisition date for Walmart
Manager
Reliance Industries Limited
Mumbai
01.2013 - 11.2015
- Company Overview: A Diversified Conglomerate in Manufacturing, Retail & Telecom Industry
- Monitoring the Finance & Accounts function of Five Subsidiary Companies of Reliance Industries Limited
- Making Internal Control Policies and taking measures for strengthening of same
- Ensuring proper compliance with all the given polices and processes and adherence to SOPs
- Ensuring the timeliness and quality of monthly book closure and Consolidation of subsidiary accounts on monthly, quarterly and annual basis
- Ensuring proper provisioning of Expenses and correctness of revenue booked during the month
- Monitoring Notes to Accounts and Related Party Statements and reconciliations
- Ensuring compliance of Accounting standards, Indian-GAAP, Company Law, Income Tax Laws and Rules and other applicable laws including documentation for Internal Financial Control of the companies
- Funds Management for all the companies handled including Inter-Company Loans, Investments in Mutual Funds etc
- In consultation with Treasury Team
- Monitoring and ensuring proper accounting of CAPEX of the company
- Handling Internal Audits, Limited Reviews, Statutory Audits, Tax Audits and Other Regulatory Audits of the companies and Liaising with Auditors for audit queries
- Dealing and coordinating with Bankers for financing the needs of the organization including compliance with the banking requirements and Validation of all financial data going to external agencies
- Statutory Compliances, Income Tax Planning, Income Tax Assessments, and other taxation related matters
- Preparing back-up documents for Domestic and International Transfer Pricing
- Filing of XBRL and Income Tax Returns of all the Companies handled
- Working for implementation of BOFC and Coordinating with SAP team for BT
- Monthly, Quarterly and Yearly Projections and budgeting for the companies’ handled
- Preparing Merger Proposals for Subsidiaries and Accounting for Mergers and Restructuring of the Subsidiaries
- A Diversified Conglomerate in Manufacturing, Retail & Telecom Industry
- Preparation of Variance analysis of Balance sheet and Statement of Profit and Loss items and analysis of management reports like Creditors Ageing, Debtors Ageing, and Vendor Advances Ageing
- Preparation of Monthly Financial Highlights MIS of the companies handled
- Supporting top management with data and presentation in review and meetings
- Making presentations for Board meetings
Alom Group of Industries
- 12.2012
- Monthly Accounts for units – I & II including finalizations of financial statements, Statutory Audit and Tax Audit
- Service Tax – validation of payment computation and return filings
- Income Tax and Wealth Tax matters
Article-ship
D. K Chhajer & Co.
07.2008 - 01.2012
- Supervised the statutory audits including controls and substantive testing, preparation of financial statements, review of key business processes & internal controls and analysis of data to gain comfort on various assertions
- Monitored compliances related to Companies Act, Taxation Laws, Accounting and Auditing standards
Education
Chartered Accountant -
Institute of Chartered Accountants of India
05.2012
B. Com (Hons.) -
St. Xavier’s College (Autonomous)
06.2011
Certificate course on IND AS -
KPMG
Skills
- Financial Reporting and Auditing
- Cash flow management
- Tax Planning and Compliances
- Process Implementations and Internal Controls
- Team building and management
- Policy implementation
- Problem-solving
- Liaison and cross-functional coordination
- Business Planning
- Budgeting and forecasting
- Cost optimization
- Strategic planning
Languages
Hindi
First Language
English
Proficient (C2)
C2
Bengali
Intermediate (B1)
B1
References
References available upon request.
Timeline
Senior Director, Finance
Groww - Billionbrains Garage Ventures Private Limited
04.2022 - Current
Director, Finance
Razorpay Software Private Limited
06.2020 - 04.2022
Finance Controller
Dunzo Digital Private Limited
07.2019 - 06.2020
Senior Manager
Flipkart Internet Private Limited
01.2016 - 07.2019
Manager
Reliance Industries Limited
01.2013 - 11.2015
Article-ship
D. K Chhajer & Co.
07.2008 - 01.2012
Alom Group of Industries
- 12.2012
Chartered Accountant -
Institute of Chartered Accountants of India
B. Com (Hons.) -
St. Xavier’s College (Autonomous)
Certificate course on IND AS -
KPMG