SAUMIL J KAPADIA
Mumbai
Summary
Dedicated and adaptable professional with a proactive attitude and the ability to learn quickly. Strong work ethic and effective communication skills. Eager to contribute to a dynamic team and support organizational goals.
A forward-thinking individual possessing robust communication, analytical, and organizational skills; highly organized with a proven track record showcasing self-motivation and creativity in achieving corporate objectives
Overview
12
12
years of professional experience
Work History
Deputy General Manager
Jesons Industries Limited
Mumbai
01.2024 - Current
- Prepared reports on various aspects of organizational operations for senior management review.
- Resolved employee issues in a timely manner by providing guidance and counseling as needed.
- Organized and monitored workflow of daily operations to ensure smooth functioning of the organization.
- Facilitated communication between different departments within the organization for effective coordination.
- Managed projects from inception through completion while ensuring alignment with corporate objectives.
- Identified areas of improvement in operational processes and developed solutions accordingly.
- Collaborated with other departmental heads to ensure efficient utilization of resources across the organization.
- Reviewed existing policies and procedures to ensure compliance with applicable laws and regulations.
- Supervised team members, established performance goals, provided feedback, and conducted performance reviews.
- Oversaw implementation of corrective actions to improve efficiency and reduce waste.
- Delegated work to staff, setting priorities and goals.
- Reviewed financial statements and sales or activity reports to measure productivity or goal achievement.
- Developed and implemented process improvements to streamline daily operations in SAP.
- Performed month-end closing activities within the SAP system.
- Developed business process flows to ensure proper implementation of SAP solutions.
- Developed data migration strategies from legacy systems into SAP ERP environment.
- Drafted letters responding to inquiries from governmental agencies about various aspects of taxation practices within the organization.
Proprietor
Individual Professional Practice
05.2013 - 12.2023
- Accruing extensive and multifaceted exposure in Independent Consulting, Taxation, Finance, and affiliated services, catering to clients spanning a wide spectrum of industries, including Manufacturing (inclusive of a Listed Company), Construction & Real Estate, Education, Stock Broking, Hospitality, Distillery, Leasing, Printing, Information Technology, Trading Concerns, Importers, Exporters & Service sectors
- Consulting & Compliance Services:
- Furnishing Section 195 certification as mandated by the Income Tax Act
- Securing Lower Deduction Certificates for TDS
- Compiling CMA data to cater to clients' Working Capital requisites
- Providing guidance on Income tax planning, conducting computations, and managing the submission of Statutory Returns for Businesses, Trusts, and Individuals
- Counseling, scrutinizing, and ensuring the punctual preparation and submission of GST Returns and Profession Tax returns
- Ensuring adherence to ROC (Registrar of Companies) Compliances
- Representation Services:
- Overseeing & resolving Scrutiny and Appeal cases pertaining to Income Tax, GST, and the erstwhile Value Added Tax & Service Tax
- Coordinating with the Legal team for matters earmarked for review at the Tribunal and High Court
- Valuation Services:
- Issuing Valuation reports for statutory purposes, abiding by International Valuation Standards and ICAI Valuation Standards
- This encompassed furnishing Fairness opinions and valuation reports to align with the Companies Act 2013, FEMA/RBI regulations, SEBI guidelines, IND-AS accounting standards, and Income Tax regulations under Rule 11UA
- Key Assignments/Clients:
- Vivid Global Industries Ltd, Mumbai (Listed at BSE)
- Industry: Manufacturing of Dyes and Dye-Intermediaries and Speciality Chemicals
- Conducting Quarterly Limited Reviews and executing Statutory Audits
- JE N VEE Group, Mumbai (6 entities)
- Industry: Construction & Real Estate
- Establishing operational processes, implementing budgetary systems, engaging in strategic planning and forecasting, and overseeing Working Capital
- In addition, undertaking monthly financial scrutiny, compiling MIS reports, evaluating tax implications, and proffering Tax planning guidance, ensuring compliance, and providing representation where required
- Gold Beach Resort, Daman (Dhangra Hotels and Beach Resorts Pvt
- Ltd.)
- Industry: Hospitality
- Conducting Monthly Account Reviews, conducting Statutory Audits and Income Tax Audits
- Supporting the deployment of a bespoke ERP system (IBS), participating in testing and overseeing its implementation, and delivering counsel on Tax planning and compliances
- Universal Education group, Mumbai (3 Trusts and 4 Companies)
- Industry: Education
- Conducting audits under the Maharashtra Public Trust, Companies Act, and Income Tax Act, including conducting Transfer Pricing assessments
- Krimpi Distillery, Daman Industry: Liquor Distillery
- Conducting Monthly Reviews, Income Tax Audits, and dispensing advisory services regarding Tax compliances
- Brick and Byte Innovative Products Private Limited, Navi-Mumbai Industry: Manufacturing
- Providing counsel on VAT & GST compliances and representations
- Successfully assisting in mitigating Tax litigation and liabilities, which encompassed obtaining relief from Sales Tax Tribunal in more than 14 distinct cases involving Sales Tax, Maharashtra VAT, and Central Sales Tax matters
- Crawford Bailey Staff Provident Fund Trust Industry: PF Trust
- Conducting Statutory Audits
Deputy Accounts Manager
Franco-Indian Pharmaceuticals Private Limited
04.2012 - 04.2013
- Generated monthly MIS reports and financial statements for Group Companies, providing valuable insights to management
- Managed the assessment process for Income Tax, Service Tax, and Sales Tax, ensuring compliance and minimizing tax liabilities
- Conducted comprehensive stock audits at factories and C&F centers, ensuring accurate inventory management
- Maintained strict adherence to statutory requirements for TDS, Service Tax, Sales Tax, and Advance Income Tax, minimizing legal risks
- Played a key role in the successful implementation of the financial module of ERP system 'BASE', ensuring seamless accounting and financial reporting processes
Education
Registered Valuer (SFA) with IBBI - 2020 Qualified Information System Auditor (ISA) from -
ICAI
01.2014
Fellow Chartered Accountant from -
ICAI
01.2012
Bachelor of Commerce -
Mithibai College, Mumbai University
01.2006
Qualified Anti-Money Laundering Specialist (AML -
Skills
- Tax Planning and Compliance
- Risk Assessment and Mitigation
- Start-up Structuring and Planning
- Financial Analysis and Reporting
- Regulatory Compliance
- Knowledge Sharing and Training
- Business Process Improvement
- Financial Forecasting and Budgeting
- Team Management & Leadership
- Working Capital Management
- Business Networking and Partnerships
- Statutory & Internal Audit Management
- SOFT SKILLS
- Change Agent Collaborator
- Communicator Innovator Planner Thinker
- Cross-functional Team Coordination
Languages
- English, Hindi & Gujarati
Timeline
Deputy General Manager
Jesons Industries Limited
01.2024 - Current
Proprietor
Individual Professional Practice
05.2013 - 12.2023
Deputy Accounts Manager
Franco-Indian Pharmaceuticals Private Limited
04.2012 - 04.2013
Registered Valuer (SFA) with IBBI - 2020 Qualified Information System Auditor (ISA) from -
ICAI
Fellow Chartered Accountant from -
ICAI
Bachelor of Commerce -
Mithibai College, Mumbai University
Qualified Anti-Money Laundering Specialist (AML -
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