Prasad Kulkarni
Pune
Summary
Versatile finance professional with over 24 years’ experience in Corporate Finance, Accounting & MIS, Capital Infusion, M&A’s, IPO’s & financial restructuring.
Over 10 Years Startups – Finance, Compliance, MIS and Strategy.
Hands-on leader with a passion for business innovation & strategy and driving cross-functional teams to provide sustainable solutions in the form of better reporting, automation and implementation of best practices. Dedicated to continuous process improvement through the utilization of best practices, IT tools and personnel development.
Overview
14
14
years of professional experience
Work History
Director
Inspire Bookspace India Pvt Ltd
05.2014
- Founded in 2014, Bookspace aims to promote reading
- Creating an online and affordable book library and an online book store by reclaiming and restoring used, preowned books
- Business Growth, Overall Management, Finance and MIS, Team Building, Recruitments and creating a great work culture, Taxation, E-Commerce Stores.
Visiting Faculty
Edupristine, MIT and others
06.2014
- Conduct various professional and academic program for Certified Public Accountant (CPA – USA), Certified Management Accountant (CMA – USA), Certification in Accounting and Compliance, Basic and Advanced Excel for Professionals, Finance for Non-Finance Managers, Understanding Balance Sheet & Profit and Loss A/c, DSO for Project Managers, Vedic Mathematics for Professionals and Students.
Director/Mentor
Startups
- Kalhaar E Commerce India Pvt Ltd, Biznble Solutions LLP, Pune Brands
Financial Controller
Driptech India
08.2013 - 04.2014
- Driptech was a leading Water Technology company, manufacturer of low-cost drip irrigation system for small and marginal farmers
- Startup in India, consolidation & buy-out of business partners, Restructuring the Balance Sheet and the improving the key Financial Parameters, Audits and Monitor the Annual Budgets & Monthly Forecasts, Improvement in reporting and Implementation of Process and control around the financial balances of the company, Registration & compliance under VAT/CST/Customs, Excise, SSI etc., Company Secretarial and legal activities as per Company Laws, Treasury management – Unlocking the funds blocked with the business partners in quick time, ERP – Ramco ERP
Financial Controller
Gefran India
06.2012 - 08.2013
- Gefran is a leading manufacturer of automation and system components for industrial process control
- Capital Infusion and Business Transformation
- Restructuring the Balance Sheet and the improving the key Financial Parameters, Relationship Management with various Financial Institutions/Regulatory Bodies, Finalization of monthly & quarterly financials and the annual financial statements as per Indian GAAP
- Ensuring timely completion of Statutory Audit, Tax Audit, To prepare and monitor the Annual Budgets & Monthly Forecasts, Improvement in reporting – Implemented an MIS system for monitoring of various business parameters: Debtors, Inventory and Costs, Ensuring compliance of Direct and Indirect Taxes – VAT/CST/Customs/Excise, To undertake Company Secretarial and legal activities as per Company Law, Close monitoring of the daily cash & bank position and improve the Invoice to Cash, ERP – SAP, HFM
Deputy General Manager
Persistent Systems Limited
05.2010 - 06.2012
- Persistent Systems Limited is a leading software company
- I was leading a 12 person team of executives for Revenue Assurance and Commercials
- Partner with Sales, Product, IT/Technology, Operations, Legal, and Finance teams to design, develop, and implement best practices to assess and prevent revenue losses, Led the team for financial due diligence of an OPD company acquired by Persistent
- Financial modeling, valuation and Financial Integration of the acquired entity, Monitor regular reconciliation and analysis of revenue streams, Perform quality assurance testing on key processes and systems changes which impact the recording, processing and billing of revenue producing events, Bid review/assurance, structuring and approvals, Analyze all commercial proposals for the profitability and ensure the gross margins, grade mix are appropriate
- Ensure that all bids receive the appropriate financial, commercial and management approval prior to submission, Risk Management - To ensure that the appointed Bid Manager responsible for the bid, alerts the COO/CSO on commercial risks as he/she identifies them, and that they are involved in any commercial decisions such as choice of subcontractors, use of partners or any other third-party suppliers and their agreement with us.
Manager–Finance & Accounts
Tech Mahindra Limited
07.2024 - 05.2024
- Tech Mahindra Limited is a leading software company
- I was leading the Finance function of the North Americas: included two subsidiaries & a JV, Consolidation and finalization of Accounts (US GAAP), MIS, taxation, payroll, audit & compliance, managing & negotiating the insurance policies, Regular analysis of key business parameters like Revenue, Segment Profitability, Project Profitability, SG&A Analysis and to suggest and make improvements in reporting, Partnering with the Sales Leaders in the US geography for monthly revenue forecasts, invoicing & debtor’s issues, analyze the projects profitability and provide solutions to improve the margins, Independently restructured the Financial, Departmental and Segmental MIS, Business and Financial Due Diligence for a company acquired by Tech M
- Due Diligence & Integration of Axes Technologies Limited with Tech Mahindra
- Managed the Finance and Accounts of the acquired entity and successfully integrated in three months, ERP – Peoplesoft, Emerge
Education
Skills
- Processing Payments
- Staff Management
- Financial Planning
- General Ledger Accounting
- Financial Forecasting
- Preparing Financial Statements
- Management Accounting
- Financial Statement Review
Accomplishments
- Balance Sheet restructuring
- RAMCO ERP Implementation
- Improved the Working Capital by reduction in the DSO by 12 days and the revenue cycle by 6 days
- Key role in two successful M&A deals
- Implemented system to automate the invoicing process
- Improved the recovery of billable expenses by 50%+
- International Corporate Finance expertise spanning North Americas & Middle East
- Managing Indirect Taxes – GST, VAT & Customs.
Career Note
Early career history includes a position as an Assistant Manager with Idea Cellular, as a senior executive with E2E Serwiz Solutions - a subsidiary of Tata Sons Ltd, as an audit executive BDO Patel & Co @ Muscat.
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Manager–Finance & Accounts
Tech Mahindra Limited
07.2024 - 05.2024
Visiting Faculty
Edupristine, MIT and others
06.2014
Director
Inspire Bookspace India Pvt Ltd
05.2014
Financial Controller
Driptech India
08.2013 - 04.2014
Financial Controller
Gefran India
06.2012 - 08.2013
Deputy General Manager
Persistent Systems Limited
05.2010 - 06.2012
Director/Mentor
Startups
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