MAYANK BANSAL
Summary
Chartered accountant with expertise in financial planning, analysis, and budgeting within large-scale FMCG operations. Skilled in leadership reporting, variance analysis, and performance tracking, with a focus on cost optimization and business partnering. Proven ability to drive data-driven decision-making and enhance profitability through operational efficiency initiatives.
Overview
6
6
years of professional experience
Work History
Finance Manager, Business Finance & FP&A
ITC Limited
08.2023 - Current
- Served as Finance Business Partner for the Aashirvaad business, supporting strategic planning for an INR 4,500+ crore portfolio.
- Led analytics-driven procurement optimisation initiatives for 1.7 million MT of wheat sourcing, contributing to cost savings of INR 22 crore.
- Owned end-to-end P&L for ITC's Wheat business, partnering with procurement, supply chain, and sales teams to identify and plug margin leakage across the value chain and track Mark-to-Market (MTM) positions.
- Proactively identified ~1 Lakh MT of aged wheat inventory for liquidation to comply with stock holding limits, improving average inventory holding position and releasing blocked working capital across the supply chain.
- Enabled a ~5% reduction in inventory holding costs (~INR 5 crore savings) through digital dispatch optimisation and supply chain analytics.
- Prepared monthly MIS dashboards and leadership review decks covering margins, procurement analytics, inventory, business risks, and operational KPIs.
- Prepared and presented Forward Buying Decision notes integrating weather risk analysis (El Niño), price forecasting (Astra AI), and supply-demand modelling across origination geographies.
- Led financial feasibility and Ind AS 116 lease accounting modelling for new warehousing infrastructure, including a management position paper for statutory auditors on Right-of-Use asset recognition.
- Anchored import parity analysis for procurement of 30,000 MT of Australian wheat, validating landed cost economics against domestic prices
Staff Accountant, M&A Tax
KPMG India
07.2020 - 07.2023
- Supported cross-border M&A transactions, designing tax-efficient multi-jurisdictional structures and optimizing post-deal cash flows.
- Evaluated DTAA benefits and prepared technical memorandums on repatriation and capital strategies; partnered with CFO teams on deal execution.
Education
Chartered Accountant (CA) -
ICAI
11.2022
CA Intermediate -
ICAI
05.2019
B.Com (Hons) -
SGTB Khalsa College, Delhi University
01.2020
Skills
- Stakeholder management
- Risk assessment
- Data analysis
- Excel proficiency
- Procurement optimization
- Strategic planning
- Scenario planning
- Dashboard development
- Financial modeling
- Budgeting
- Financial analysis
Websites, Portfolios and Profiles
linkedin.com/in/mayankbansal12
Timeline
Finance Manager, Business Finance & FP&A
ITC Limited
08.2023 - Current
Staff Accountant, M&A Tax
KPMG India
07.2020 - 07.2023
Chartered Accountant (CA) -
ICAI
CA Intermediate -
ICAI
B.Com (Hons) -
SGTB Khalsa College, Delhi University