Summary
Overview
Work History
Education
Skills
Timeline
Hobbies
Hobbies
Generic

Priyank Banker

Finance Controller
Mumbai

Summary

Skilled Finance Controller bringing 8 years of experience working with Family Office & Manufacturing setups. Proven leadership and successful in leading teams in achieving financial goals. Accomplished in working with executive leaders to develop business, financial and growth strategies.

Overview

8
8
years of professional experience
5
5
years of post-secondary education

Work History

Finance Controller

Sharrp Ventures - Family Office of Mr. Harsh Mariwala, Promoter of Marico Limited -USD 7.5B Mkt Cap.
Mumbai
05.2019 - Current
  • Driving innovations by implementing processes & systems - HR, IT, Accounting & financial controls for the family office with AUM of INR USD 300 M.
  • Treasury Management, Cash flows budgeting & monitoring.
  • Heading process of restructuring in family for succession planning. Working on creation of vehicle for investing overseas for an AUM of USD 25 M, including applications to RBI (Reserve Bank of India) & MAS (Monetary Authority of Singapore).
  • Carried out all activities from origination to deal closure for sale of a CPG brand growing at a CAGR of 45%, & helped the buyer company to close Due Diligence (Financial, Legal & Operational)
  • Led process of exit of co-founder, which involved valuation of shares of Asia's first holistic aquatic physiotherapy company and brand, 'Aqua Centric' with asset base of USD 1.5 M. Working on fin models for expansion of business.
  • Sustainably reduced annual costs of health care brand - Aqua Centric by 32%. Developed and built complex financial models and derive valuations, IRR, NPV, cashflows thereof to evaluate expansion of this brand.
  • Heading the process of obtaining FCRA (Foreign Contribution (Regulation) Act, a statute for accepting overseas donations) license & registration u/s 501(c)(3) of US tax code for a philanthropy receiving donations of USD 2.5 M annually.

Finance Manager

MG Group - India's largest bus body manufacturing company
Mumbai
04.2017 - 05.2019
  • Preparation & Analysis of Statement of Profit & Loss, Balance Sheet & Cash flow Statement, Consolidation of group's financials & reporting for USD 60 M annual turnover group.
  • Negotiated and obtained funding for USD 4 M project, which included developing and building financial models and derive IRR, NPV, cashflows thereof
  • Negotiated settlement compensation amounting to USD 3.5 M
  • Built up proposal for price increase amounting to USD 1 M from OEM clientele
  • Saved liquidity & working capital of USD 2 M
  • Initiated Suppliers meet to get best rates from vendors, annually saving 7% of input costs
  • Tax saving of USD 1 M, keeping in mind transfer pricing norms

Finance Manager

MG Group
Mumbai
04.2016 - 11.2016

As above

Assistant Manager

Deloitte Haskins & Sells
Ahmedabad
10.2015 - 05.2016
  • Internal Financial Control Analysis and Reporting
  • Statutory Audits including Limited review of Listed Company

Education

CFA Charter Holder -

CFA Institute, USA
Mumbai, India
06.2019 - 2022.08

MBA - Finance

Gujarat University
Ahmedabad, India
06.2011 - 2016.05

Chartered Accountant (CPA Equivalent) -

The Institute of Chartered Accountants of India
Ahmedabad, India
06.2011 - 2015.05

Company Secretary -

The Institute of Company Secretaries of India
Ahmedabad, India
06.2012 - 06.2014

Cost Accountant -

The Institute of Cost Accountants of India
Ahmedabad, India
06.2013 - 12.2015

Skills

    Strategic Business Planning

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Timeline

CFA Charter Holder -

CFA Institute, USA
06.2019 - 2022.08

Finance Controller

Sharrp Ventures - Family Office of Mr. Harsh Mariwala, Promoter of Marico Limited -USD 7.5B Mkt Cap.
05.2019 - Current

Finance Manager

MG Group - India's largest bus body manufacturing company
04.2017 - 05.2019

Finance Manager

MG Group
04.2016 - 11.2016

Assistant Manager

Deloitte Haskins & Sells
10.2015 - 05.2016

Cost Accountant -

The Institute of Cost Accountants of India
06.2013 - 12.2015

Company Secretary -

The Institute of Company Secretaries of India
06.2012 - 06.2014

MBA - Finance

Gujarat University
06.2011 - 2016.05

Chartered Accountant (CPA Equivalent) -

The Institute of Chartered Accountants of India
06.2011 - 2015.05

Hobbies

  • Table Tennis
  • Playing Octapad
  • Teaching the underprivileged children

Hobbies

  • Table Tennis, listening podcasts on geopolitics, global economics & teaching underprivileged children
Priyank BankerFinance Controller