Microsoft Excel
Ritesh Tulsyan
Chartered Accountant
Summary
Chartered Accountants with working experienced for more than 13 Years and hard core finance professional having broad and in-depth experience on all aspects of Finance, Accounts and Business Strategy revolving around and encompassing specific functions like Financial Accounting, Treasury & Banking, Cash & Working Capital Management, Risk Management & Insurance, Auditing, Internal Controls, Sox and General Compliance, Budgeting, MIS, Pay Roll Management, Taxation, Legal & Secretarial, Corporate Restructuring, Merger & Acquisitions (M&A), Pricing and Negotiations Support on Strategic Project Procurements.
Overview
23
23
years of professional experience
9
9
years of post-secondary education
2
2
Languages
Work History
Chief Financial Officer
Growit India Private Limited
Surat, Gujarat
10.2021 - Current
- Completed in-depth analyses of risks to control company profile, enhance systems and track legal concerns.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance and revenue targets.
- Developed future financial plans to inform critical decision-making related to spending cuts, rightsizing labor force and timing planned business investments.
- Assessed company resources to keep business funded and nurture relationships with investors, lenders and key partners.
- Implemented cost reduction initiatives and process improvements to optimize efficiency and productivity.
- Raising private equity funds from investors by doing meetings with various fund managers.
- Preparation of Business Valuation and modelling for group companies for funding.
- Due Diligence as required by fund manager.
- Cashflow Management including raising funds from various Banks (availed Term Loan, WC, etc., from various banks).
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Improved cash flow, retired debt and built cash reserves to control costs and enhance benefits.
- Analyzed inventory strategy, reduced expenses and renegotiated contracts with vendors to increase profit margin.
- Prepared year-end fixed asset schedule to create positive impact on shareholders, creditors and investors.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Conducted detailed analysis of company financial information to drive internal and external financial reporting, stewardship of company assets and ownership of cash management.
- Standardized and enhanced business assets across company to achieve common goals.
- Authored, evaluated and reviewed reports to highlight company financials to key stakeholders.
- Managed team of employees, overseeing hiring, training and professional growth of employees.
- Delivered feedback to decision-makers regarding employee performance and training needs.
- Resolved staff member conflicts, actively listening to concerns and finding appropriate middle ground.
- Supervised labor costs and departmental expenses to remain in line with budget.
- Accomplished multiple tasks within established timeframes.
- Onboarded new employees with training and new hire documentation.
- Reduced process bottlenecks by training and coaching employees on practices, procedures and performance strategies.
- Initiated back-and-forth communication to negotiate and approve contracts and agreements
- Prepared accurate financial statements at end of quarter to summarize financial health and performance of business
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions
- Oversaw accounts payable and receivable to track income and expenditures, drive statutory compliance and provide quantitative financial information
- Prepared year-end fixed asset schedule to create positive impact on shareholders, creditors and investors
- Analyzed inventory strategy, reduced expenses and renegotiated contracts with vendors to increase profit margin
- Implemented cost reduction initiatives and process improvements to optimize efficiency and productivity
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions
Vice President of Finance & Accounts
Growit India Private Limited
Surat
10.2020 - 10.2021
- Successfully handled incorporation of Company and done all registration in various departments like Start up India, MSME, Import Export Certificate, GST etc.
- Raising private equity funds from investors by doing meetings with various fund managers.
- Preparation of Business Valuation and modelling for companies for funding.
- Service Tax and GST department work and all compliance.
- Collection for debtors and done timely recovery.
- Attended Board Meetings, prepare necessary agenda, and represented Board Meeting and ensured same get recorded and necessary Compliances were met.
- Assisting senior management in financial planning and results management. Work with or team members to understand revenue and cost drivers and define appropriate reports for tracking.
- Directing all aspects of accounting operations, overseeing all transactions related to general ledger, receivables, payables, payroll, and financial reporting.
- Analyzing company's financial results with respect to profits, trends, costs and compliance with budgets. Issue regular status and ad hoc reports to Directors.
Apart from handling day to day activities involving overhead control by setting up SOP's etc.., - Support team in implementation of Microsoft Nasion (Office 365)
- Handle Statutory auditor and internal auditor and represented government official as and when required.
- Implementation of IND AS and provide insights towards any variances and also corrective action.
- Coordinating, preparing and reviewing monthly, quarterly, and annual reports. Managing all tax planning and compliance with all required federal, state, local, payroll, property and or applicable taxes.
- Resolved conflicts and negotiated mutually beneficial agreements between parties.
Carried out day-to-day duties accurately and efficiently. - Managed team of employees, overseeing hiring, training and professional growth of employees
- Analyzed business plans to validate and identify investment opportunities
Vice President of Finance & Accounts
Navitas Alpha Renewables Private Limited
Surat
10.2019 - Current
- Successfully handled incorporation of Company and done all registration in various departments like Start up India, MSME, Import Export Certificate, GST etc.
- Raising private equity funds from investors by doing meetings with various fund managers.
- Preparation of Business Valuation and modelling for companies for funding.
- Service Tax and GST department work and all compliance.
- Collection for debtors and done timely recovery.
- Attended Board Meetings, prepare necessary agenda, and represented Board Meeting and ensured same get recorded and necessary Compliances were met.
- Assisting senior management in financial planning and results management. Work with or team members to understand revenue and cost drivers and define appropriate reports for tracking.
- Directing all aspects of accounting operations, overseeing all transactions related to general ledger, receivables, payables, payroll, and financial reporting.
- Analyzing company's financial results with respect to profits, trends, costs and compliance with budgets. Issue regular status and ad hoc reports to Directors.
- Apart from handling day to day activities involving overhead control by setting up SOP's etc..,
- Support team in implementation of Microsoft Nasion (Office 365)
- Handle Statutory auditor and internal auditor and represented government official as and when required.
- Worked within applicable standards, policies and regulatory guidelines to promote safe working environment.
- Assisting Company in subsidy application and in EXIM policy in getting custom duty refund on import of machines.
- Implementation of IND AS and provide insights towards any variances and also corrective action.
- Coordinating, preparing and reviewing monthly, quarterly, and annual reports. Managing all tax planning and compliance with all required federal, state, local, payroll, property and or applicable taxes.
- Resolved conflicts and negotiated mutually beneficial agreements between parties.
- Carried out day-to-day duties accurately and efficiently.
- Managed team of employees, overseeing hiring, training and professional growth of employees
- Analyzed business plans to validate and identify investment opportunities
Vice President of Finance & Accounts
Alpha PLastomer Private Limited
Surat
Aug.2018 - Current
- Assisting senior management in financial planning and results management. Work with other team members to understand revenue and cost drivers and define appropriate reports for tracking.
- Directing all aspects of accounting operations, overseeing all transactions related to general ledger, receivables, payables, payroll, and financial reporting.
- Analyzing company's financial results with respect to profits, trends, costs and compliance with budgets. Issue regular status and ad hoc reports to senior management.
- Providing strategic guidance around capital financing options to support company growth needs and Developing and maintaining all necessary accounting policies and systems, including general ledger and financial reporting. Ensuring that records are maintained in accordance with generally accepted accounting principles. Oversee contract bookkeeper.
- Coordinating, preparing and reviewing monthly, quarterly, and annual reports. Managing all tax planning and compliance with all required federal, state, local, payroll, property and other applicable taxes.
- Managed vendor changes to improve cost controls and improve workflow operations.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Improved resource utilization with data management systems, reducing costs through strategic coordination and contract analysis.
- Supported operations management, sales and marketing efforts to increase revenue and overall financial health.
- Handled Supply Chain Management and fix gaps within process.
- Introduced software tools and process improvements to mitigate loss and drive operational growth.
- Handled entire work of Human Recourse in absence of team and ensure timely payout.
- Implementation of IND AS and provide insights towards any variances and also corrective action.
- Preparation of Consolidation of Financial Statement under IND AS.
- Collection for debtors and done timely recovery.
- Apart from handling day to day activities involving overhead control by setting up Standard Operating Process etc..,
- Support team in implementation of Microsoft Nasion (Office 365)
- Handle Statutory auditor and internal auditor and represented government official as and when required.
- Worked flexible hours across night, weekend and holiday shifts.
- Resolved conflicts and negotiated mutually beneficial agreements between parties.
- Carried out day-to-day duties accurately and efficiently.
- Managed team of employees, overseeing hiring, training and professional growth of employees.
- Handled and coordinated in regards to Centralized Extended Producers Responsibility Portal for Plastic Packaging for Company.
- Handled timely renewal of pollution, fire, factory, insurance and other on timely basis.
- Improved resource utilization with data management systems, reducing costs through strategic coordination and contract analysis
- Enhanced internal control systems and procedures to mitigate risk and support opportunities
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations
Manager, Audit and Assurance
Sudit K Parekh Chartered
Hyderabad
04.2014 - 08.2018
- Reporting had been directly to the partners of the firms and head of South locations of three branches Hyderabad, Bangalore and Chennai and carry out all activity of Chartered Accountants firm
- And Continued focus on improving system efficiencies and business practices
- Participate in the ongoing development/establishment of accounting policies and procedures and operational strategies including the review and implementation of process and system changes
- To report and work closely with the Director of Accounting & Reporting and others in the organization in analysis and reconciliation of accounts and in development and implementation of accounting policies, procedures and controls
- Manage the monthly financial close process, including ensuring all costs incurred are properly recorded, reviewing journal entries, account balance reconciliations and report preparation
- Prepared Audit Committee presentations to highlight the audit issues and value addition propositions developed during the course of audit and mentored junior-tenured members and trainees on firm audit methodologies, databases and auditing skills
- Active Participate in the implementation of IND AS assignment of the listed Company of Venky's India Limited
- Worked flexible hours across night, weekend and holiday shifts.
- Managed team of employees, overseeing hiring, training and professional growth of employees.
- Delivered feedback to decision-makers regarding employee performance and training needs.
- Applied customer feedback to develop process improvements and support long-term business needs.
- Resolved staff member conflicts, actively listening to concerns and finding appropriate middle ground.
- Supervised labor costs and departmental expenses to remain in line with budget.
- Accomplished multiple tasks within established timeframes.
- Onboarded new employees with training and new hire documentation.
- Reduced process bottlenecks by training and coaching employees on practices, procedures and performance strategies.
Assistant Manager, Audit and Assurance
Sudit K Parekh
Hyderabad
05.2011 - 04.2014
- Lead a team of consultants and associate consultants for executing projects on behalf of firm and clients and undertake smaller and medium sized assignments independently or assist in larger assignments reporting to a Manager or Senior Manager
- Establish strong professional relationships with team members through weekly meetings and calls with onshore stakeholders and Provide regular updates on work pipeline, discussions with teams to the entire team
- Provide conversion services to U.S
- And foreign registered companies to / from U.S
- Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) And Evidence of managing client / stakeholder relationships, preferably in an off-shore / on-shore environment
- Provide transaction-oriented accounting and reporting assistance for mergers and acquisitions
- Personal drive and positive work ethic to deliver results within tight deadlines and in demanding situations without compromising on quality and ethical standards and values of the firms.
Assistant Manager, Audit and Assurance
Lovelock & Lewes, Chartered Accountant Firm in Mumbai. (Group Firm of Price Waterhouse Copper) (PWC)
Mumbai
12.2010 - 02.2011
- Helped with planning schedules and delegating assignments to meet coverage and service demands.
- Lead a team of consultants and associate consultants for executing projects on behalf of firm and clients and review the work performed by the subordinates and coach them
- Completed regular inventory counts to verify stock levels, address discrepancies and forecast future needs.
- To provide support/assistance for proposals/business development and Prepare and present effort estimate, project work planning, team handling, staffing, providing feedback, etc like Cadbury India Limited
Senior Audit Executive, Audit and Assurance
Sharp & Tannon
08.2010 - 12.2010
- Had carried out special assignment of IFRS implementation for Larsen & Toubro Limited with Sharp & Tannan, Chartered Accountants and reported to the Manger.
- Trained new employees on accounting principles and company procedures.
Executive, Audit and Assurance
S R Batliboi & Associates Firm of Ernst & Young Private Limited
09.2008 - 07.2010
- Had done audit of telecom industry during this period and carried out the major part of the financial such revenue, fixed assets
- Sales and marketing
- Assisted the senior in quarterly closer of listed company like Bharti Airtel and was the part of consolidation team
- And was the part of the core team of Tata Tele Services Limited and conducted the quarterly limited review and final statutory audit
- Except above also part of team in internal financial control financial reporting (ICFR) and internal financial control (IFC) for implementation and framing of good corporate control governance
- For which received appreciation from the senior for such work efforts.
- Reviewed organization's adherence to regulatory guidelines applicable to specific activities and practices.
Article Assistant, Chartered Accountant
Sharp & Tannan & Co
09.2005 - 07.2008
- In Statutory Audit: Engaged in the finalization of accounts and preparation of financial statements of various private limited companies and through checking of compliances under various statutes.
- Direct Taxation : Income tax return filling for the unlisted and listed companies income tax return and conducted tax audit under the guidance of seniors
- Indirect taxation : Calculation of VAT liabilities and filling of VAT returns and also appeared before with senior in sales tax officers for the various scrutiny assessments
- Reconciled statements to resolve discrepancies.
- Reconciled worksheets to verify accuracy of documents or records.
- Performed administrative tasks and served as backup to facilitate office operations.
- Implementing training program for client staff to oversee accounting and bookkeeping systems.
Education
Chartered Accountants - ICAI
Institute of Chartered Accountants of India
Delhi May.2003 - May.2008
Master of Commerce: M.Com - M.Com
Mumbai University
Maharashtra Apr.2005 - Apr.2007
Bachelor of Commerce -
Mumbai University
Maharashtra Mar.2003 - Mar.2005
Higher Secondary -
Mumbai University
Mumbai Feb.2002 - Feb.2002
Skills
Statutory Audit
Additional Information
List of Major clients work performed during job at Various Chartered Accountants Firm in the career
Statutory Audits and Internal Audit of Various Listed and Unlisted Companies
Larsen & Toubro Limited ; Venkateshwara Hatcheries Private Limited; Johnson & Johnson Limited
Rittal India Private Limited; Reliance Infratel Limited; Tikona Digital Networks
Tata Teleservices Limited. SNF India Private Limited; Bharati Airtel Limited
NGA HR India Private Limited; Venkys India Limited
Clariant Chemicals (India) Limited
Bank Audit and Concurrent Audit
Allahabad Bank; Oriental Bank of Commerce (CSA; Shamrao Viththal Bank
Group Reporting of Multinational Companies
Rittal India Private Limited; SNF India Private Limited; SEEB Engineering India Private limited
Software
Power BI
Microsoft NAV, SAP, Tally
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
Judge a man by his questions rather than his answers.
Voltaire
Timeline
Chief Financial Officer
Growit India Private Limited
10.2021 - Current
Vice President of Finance & Accounts
Growit India Private Limited
10.2020 - 10.2021
Vice President of Finance & Accounts
Navitas Alpha Renewables Private Limited
10.2019 - Current
Vice President of Finance & Accounts
Alpha PLastomer Private Limited
Aug.2018 - Current
Manager, Audit and Assurance
Sudit K Parekh Chartered
04.2014 - 08.2018
Assistant Manager, Audit and Assurance
Sudit K Parekh
05.2011 - 04.2014
Assistant Manager, Audit and Assurance
Lovelock & Lewes, Chartered Accountant Firm in Mumbai. (Group Firm of Price Waterhouse Copper) (PWC)
12.2010 - 02.2011
Senior Audit Executive, Audit and Assurance
Sharp & Tannon
08.2010 - 12.2010
Executive, Audit and Assurance
S R Batliboi & Associates Firm of Ernst & Young Private Limited
09.2008 - 07.2010
Article Assistant, Chartered Accountant
Sharp & Tannan & Co
09.2005 - 07.2008
Master of Commerce: M.Com - M.Com
Mumbai University
Apr.2005 - Apr.2007
Chartered Accountants - ICAI
Institute of Chartered Accountants of India
May.2003 - May.2008
Bachelor of Commerce -
Mumbai University
Mar.2003 - Mar.2005
Higher Secondary -
Mumbai University
Feb.2002 - Feb.2002
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