SHAILESH M. MULAY
Chinchwad
Summary
Currently associated with CLR Facility Services Pvt. Ltd., a leading organization in the Integrated Facility Management (IFM) industry, overseeing strategic financial planning, budgeting, compliance, and overall financial operations to drive organizational efficiency and growth as “Assistant Vice President – Finance & Accounts” Keen understanding and significant experience in managing Accounting, Taxation, Banking & Treasury procedures. Adapt at implementing and automating financial procedures, finalizing accounts as per statutory requirements. Expertise in most recent tax laws and provisions as well as timely updating in Taxation domain. Strong analytical & organizational abilities with adeptness in formulating electronic accounting systems & enterprise resources. Currently handling Finalization of Accounts, Banking & Treasury, Bank Documentation, CMA Reports, Direct Taxation & Indirect Taxation. Good management and communication skills. Currently having over 16 years of experience in Finance & Accounts, Taxation, Banking & Treasury.
Overview
18
18
years of professional experience
Work History
Assistant Vice President – Finance & Accounts
CLR Facility Services Pvt. Ltd.
11.2024 - Current
- Company Overview: a leading organization in the Integrated Facility Management (IFM) industry
- Spearheaded the annual budgeting process, long-term financial forecasting, and rolling forecasts in alignment with business goals
- Performed in-depth financial modeling and scenario analysis to support strategic decision-making
- Provided actionable insights through variance analysis, margin analysis, and performance tracking
- Supervised the timely and accurate preparation of monthly, quarterly, and annual financial statements in accordance with GAAP/IFRS
- Ensured proper accounting treatment of complex transactions, including revenue recognition, provisions, depreciation, and intercompany transactions
- Managed general ledger integrity, account reconciliations, and closing processes
- Ensured adherence to local and international accounting standards, tax laws, and corporate governance policies
- Worked closely with internal and external auditors, facilitating audits and implementing corrective actions based on audit findings
- Designed and implemented internal control frameworks to minimize risk and prevent fraud
- Oversaw cash flow planning, fund flow analysis, and liquidity management to ensure business continuity and capital efficiency
- Managed banking relationships, negotiated loan terms, and facilitated investment strategies to optimize returns and reduce financing costs
- Conducted cost-benefit analysis of major initiatives and identified opportunities for cost reduction across departments
- Drove margin improvement through product line profitability assessments and operational efficiency improvements
- Partnered with procurement and operations to implement strategic sourcing and cost control initiatives
- Led the implementation and enhancement of ERP systems (e.g., SAP) for improved financial reporting and controls
- Automated routine accounting processes to improve efficiency and reduce manual errors
- Championed digitization initiatives to enable real-time financial visibility for leadership
- Managed and mentored finance and accounts teams across multiple business units, ensuring skill development, motivation, and performance
- Acted as a key liaison between finance and cross-functional teams including legal, operations, and HR for cohesive business planning
- Presented financial reports, strategic insights, and risk assessments to senior executives and board members
- A leading organization in the Integrated Facility Management (IFM) industry
- Reduced month-end closing cycle from 12 days to 7 days through automation and process reengineering
- Played a key role in raising in working capital by restructuring debt and negotiating favorable banking terms
- Successfully led the finance function during an M&A process, including due diligence, valuation support, and post-merger integration
- Designed and implemented a KPI-based dashboard that enhanced financial transparency and improved decision-making at the executive level
- Drove cost savings by identifying inefficiencies in procurement and overhead expenses
Head of Department – Accounts, Finance & Commercial
Klaus Union Engineering India Private Limited
08.2022 - 09.2024
- Preparation of monthly MIS for both the company and submitting it to Germany to Managing Director – Finance
- Exposure to financial planning like cash flow preparations, Fund Flow Statements and responsible for budget/forecast preparation
- Monitoring of day to day accounting
- To suggest and guide accounting process and corrections
- Handling EXIM related activities such generating RoDTEP Scripts & utilizing the same while making import payments, Export & Import – Sales & Purchases activities
- Handling & Monitoring day to day banking activities, compliance of bank requirements, BG preparation and dealing in LCs, EEFC A/cs
- Review and preparation of Statutory & Tax Audit Formats for FY 21-22
- Ensuring all the statutory compliances like filing of returns & timely payment income tax, GST, profession tax, TDS, TCS, ESIC
- Ensuring timely preparation and releasing of salary at the end of every month
- Conducted Statutory and Tax Audits up to finalization of accounts and filling of income tax returns for FY 21-22 as well as transfer pricing audit
- Handling GST Assessment for the year 2018-19 which is in progress
- Preparation of monthly inventory report
- Recently set up Authority Matrix, SOP, Company Profile and Shareholding Pattern
- Involved in making decisions with various department such Purchase, Planning, Production, Sales & Marketing and Quality & Assurance
- Monitoring the work activities of subordinates and assistants, make an action plan wherever necessary
Deputy Manager - Accounts
Ventri Biologicals Division of VHPL (Venkateshwara Hatcheries Pvt Ltd)
09.2019 - 08.2022
- Company Overview: commonly known as VH Group or Venkys India Ltd
- Monitoring of day to day accounting
- To suggest and guide accounting process and corrections
- Review and preparation of Statutory & Tax Audit Formats
- Exposure to financial planning like cash flow preparations, Fund Flow Statements and responsible for budget/forecast preparation
- Receivables and payables management, import-export activities etc
- Monitoring the work activities of subordinates and assistants, make an action plan wherever necessary
- Ensuring all the statutory compliances like filing of returns & timely payment income tax, GST, profession tax, TDS, TCS
- Conducted Statutory and Tax Audits up to finalization of accounts and filling of income tax returns
- Handling & Monitoring day to day banking activities, compliance of bank requirements, BG preparation and dealing in LCs
- Sales Tax Assessment for the year 2014-15
- Currently also handling Vat Appeals for Maharashtra Unit for the period from FY-05-06 to FY-10-11
- Monthly Reconciliations of Branch Accounts and Branch Matrix
- Involved in Inventory Valuation Process
- Involved in making decisions
- Commonly known as VH Group or Venkys India Ltd
Accounts Head – Accounts & Finance
TRANS ENGINEERS INDIA PRIVATE LIMITED
01.2019 - 09.2019
- Monitoring of day to day accounting
- To suggest and guide accounting process and corrections
- Responsible to get all the type of audits done on time under various statues
- Controlling payroll function too
- Analysis of financial data and information
- Exposure to financial planning like cash flow preparations and responsible for budget/forecast preparation
- Responsible for monitoring the budget and decision making
- Monitoring of revenues and expenses
- Responsible for internal controls set up in various areas like financial closures, fixed assets, inventory, payroll etc
- Responsible to ensure all type of secretarial / legal (statutory) compliances on time and ensure fulfilment of financial, commercial and legal information submission to various authorities on time
- To get the compliances done like payment and return filing under both direct & indirect taxation laws
- Key role in MIS reporting to management
- Interacting and communicating with various government officials, banks, consultants to help in smoothening of business activities
- Interacting with various customers & suppliers to finalize various commercial terms and other issues
- Receivables and payables management, import-export activities etc
- Monitoring the work activities of subordinates and assistants, make an action plan wherever necessary
- Acting as team leader to review business and conducting feasibility study of a project from commercial and legal point of view with the help of sales & purchase team
- Responsible for stock taking & physical verification of fixed assets and ensuring accurate & timely accounting of inventory & fixed assets
- Responsible for all the import-export related documentation and forex accounting
- EBRC’s realization for taking benefit under MEIS scheme
- Involved in making decisions related to purchase of fixed assets
- Ensuring all the statutory compliances like filing of returns & timely payment of excise, service tax, customs, income tax, VAT & sales tax, profession tax, TDS, TCS, transfer pricing audit, ROC and other secretarial etc
- Conducted Statutory and Tax Audits of Private Limited companies, Manufacturing Units, Proprietary firm’s up to finalization of accounts and filling of income tax returns
- Handling & Monitoring day to day banking activities, compliance of bank requirements, BG preparation and dealing in LCs
- Currently handling Vat & Service Tax Assessment for Maharashtra, Rajasthan for the period from FY-11-12 to FY-16-17
- Currently also handling Vat Appeals for Maharashtra Unit for the period from FY-05-06 to FY-10-11
- Handling of Plant unit and its compliances, Bank & Government liasioning compliances, Taxation, Plant Accounting, Inventory Procedure and its valuation, Overheads verifications, Finalization of books of accounts relating to plant, Branch Matrix, Capex Accounting, Daily Cash Flow and MIS, Financial & Commercial Activities etc
Assistant Manager - Taxation
JAPFA COMFEED INDIA PRIVATE LIMITED
04.2016 - 10.2018
- Preparing and maintaining books of accounts in compliance with time & accounting norms & internal audit checks
- Presenting a true and fair view of the financial position of the company by preparing financial statements viz, P&L Account, Balance Sheet and annual reports & validity of transactions with reference to provisions of laws & statutes
- Managed various operations in the accounts & Banking & Treasury department
- Preparing accounting records, financial statements
- Monthly scrutiny of accounting entries, General ledger, Provisions
- Co-ordinate with the Statutory Auditor of the Company for smooth Audit and finalization of the yearly Accounts of the Company in compliance with the relevant International Accounting standards and other accounting regulations
- Liaising with Banks for collections & short term fund requirement
- Cash flow statements & proper bifurcation of inflow –outflows in different segments
- Maintain Bank Reconciliation, e- Banking payments, Cash flow analysis
- Maintain a track on cash flow, reporting of ideal fund to fund manager on daily basis
- Stock Hypothecation Statement
- Monthly Financial Covenants Report
- Un-hedged Foreign Exposure Report & its Reinstatement
- No Default Statement
- Bank Stock Audit
- Planning and compliance related to direct tax functions consisting of Tax deduction & collection at source, TDS Returns, TDS Rationalization, Generating of TDS Certificate, Advance tax, Self-assessment tax, MAT Working
- Counter to information requisition letters from departments, Reply of notices, appeal, hearing of assessments, references to the landmark cases in the current scenario
- Handling the Indirect tax functions consisting: - Currently all GST Compliances
- Currently handling Sales Tax Assessment for Telangana Project
Assistant Manager-Accounts
GHARPURE ENGINEERING AND CONSTRUCTIONS PRIVATE LIMITED
06.2012 - 03.2016
- Liaising with Banks for collections & short term fund requirement
- Cash flow statements & proper bifurcation of inflow –outflows in different segments
- Maintain Bank Reconciliation, e- Banking payments, Cash flow analysis
- Preparation of credit management report for cash credit
- Planning and compliance related to direct tax functions consisting of tax deduction & collection at source, TDS certificate authentication, Advance tax, self assessment tax, assisting in HR in individual taxation, wealth tax, CDT, MAT Entitlement
- Counter to information requisition letters from departments, Reply of notices, appeal, hearing of assessments, references to the landmark cases in the current scenario
- Handling the Indirect tax functions consisting of appeals, assessment planning and compliance work in the following legislations: -Sales tax, Customs, Central Excise, Export Import Policy, Service tax, works contracts, composition schemes
- Timely updating facts finding cases, amendments in provisions of direct & indirect taxation
- Due diligence effort as per Income tax audit, EA-2000 audit, MVAT audit in accounting & maintaining books of accounts
- Stock Hypothecation Statement, Secretarial Compliances and filling of XBRL Forms
- Handling of Plant unit and its compliances, Bank & Government liasioning compliances, Taxation, Plant Accounting, Inventory Procedure and its valuation, Overheads verifications, Finalization of books of accounts relating to plant, Branch Matrix, Capex Accounting, Daily Cash Flow and MIS, Financial & Commercial Activities etc
Audit Executive
M/S T.R. CHADHA & CO
Pune
04.2011 - 05.2012
- Company Overview: It is a reputed Chartered Accountant firm
- Statutory Audit, Accounting & Reconciliation
- Finalisation of accounts, preparation of financials
- Conducted Internal Audit of Various entities including Malls
- Conducted Due Diligence Audit successfully
- Conducted of Bank Stock Audit of Parthsarthi Alloy Steel Private Ltd
- It is a reputed Chartered Accountant firm
Audit Executive
Chandrakant G Doshi & Co
08.2010 - 03.2011
- Statutory Audit and other entities (up to Finalization and Filling of ITR)
- Internal Audit (only for 1 Quarter for Bangalore Unit)
- Sales Tax Audit of Various Entities – including On Line Filling of Form 704, Vat Returns, CST Returns
- TDS Returns Filling, Stock Verification and Valuation, Excise returns Filling, Service Tax Filling of Returns and also Secretarial Compliance
Article Trainee
Chandrakant G Doshi & Co
07.2007 - 07.2010
- Company Overview: It is a reputed Chartered Accountant firm
- Statutory Audit and other entities (up to Finalization and Filling of ITR)
- Internal Audit, Accounting up to Finalization for period 1.5 years (Pune, Mumbai and Bangalore)
- Sales Tax Audit of Various Entities – including On Line Filling of Form 704, Vat Returns, CST Returns
- Conducted Co-operative Society Audit
- Bank Audit – Vidya Sahakari Bank (Kothrud & Paud Road Branch)
- It is a reputed Chartered Accountant firm
- TDS Returns Filling, TDS Reconciliation, TDS Rationalization
- Stock Verification and Valuation
- Excise returns Filling
- Service Tax Filling of Returns and also Secretarial Compliance
Education
CS (Inter Completed) -
The Institute of Company Secretaries of India
01.2011
CA PEE-II (Inter Completed) -
The Institute of Chartered Accountants of India
01.2007
GDCA -
Government Diploma in Co-operative Audit
01.2006
Bachelor of Commerce -
Pune University
01.2005
Higher Secondary examination -
Maharashtra Board
01.2001
S.S.C -
Maharashtra Board
01.1999
Skills
- MS Office
- MS Excel
- Power Point
- SAP
- Tally ERP 9
- Prime
- IOAS
- EMS
- ERP
Languages
- English
- Hindi
- Marathi
Personal Information
- Age: 40
- Date of Birth: 01/21/84
- Nationality: Indian
- Marital Status: Married
Languages
English
Beginner
A1
Timeline
Assistant Vice President – Finance & Accounts
CLR Facility Services Pvt. Ltd.
11.2024 - Current
Head of Department – Accounts, Finance & Commercial
Klaus Union Engineering India Private Limited
08.2022 - 09.2024
Deputy Manager - Accounts
Ventri Biologicals Division of VHPL (Venkateshwara Hatcheries Pvt Ltd)
09.2019 - 08.2022
Accounts Head – Accounts & Finance
TRANS ENGINEERS INDIA PRIVATE LIMITED
01.2019 - 09.2019
Assistant Manager - Taxation
JAPFA COMFEED INDIA PRIVATE LIMITED
04.2016 - 10.2018
Assistant Manager-Accounts
GHARPURE ENGINEERING AND CONSTRUCTIONS PRIVATE LIMITED
06.2012 - 03.2016
Audit Executive
M/S T.R. CHADHA & CO
04.2011 - 05.2012
Audit Executive
Chandrakant G Doshi & Co
08.2010 - 03.2011
Article Trainee
Chandrakant G Doshi & Co
07.2007 - 07.2010
CS (Inter Completed) -
The Institute of Company Secretaries of India
CA PEE-II (Inter Completed) -
The Institute of Chartered Accountants of India
GDCA -
Government Diploma in Co-operative Audit
Bachelor of Commerce -
Pune University
Higher Secondary examination -
Maharashtra Board
S.S.C -
Maharashtra Board
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