SHASHANK GARG
Ghaziabad
Summary
Business transformation and operations professional with over 11 years of experience enhancing profitability and operational efficiency across diverse sectors including manufacturing, automotive, and retail. Expertise in manufacturing excellence, production planning, and supply chain logistics, with a strong focus on finance transformation and internal controls. Proven track record of identifying cost optimization opportunities and strengthening business processes in collaboration with C-suite executives. Recognized for driving significant operational improvements and ensuring governance across various industries.
Overview
11
11
years of professional experience
Work History
Senior Manager, Internal Audit
Air India
05.2025 - Current
- Led comprehensive risk-based audits across key business functions, identifying control gaps and driving improvements in operational efficiency and financial governance
- Drove implementation and closure of audit observations across functions, ensuring compliance and enhancing operational integrity.
- Strengthened audit governance by tracking and closing critical observations, improving accountability and oversight.
- Presented audit observations and recommendations to senior management and process owners, facilitating informed decision-making.
- Led end-to-end management of Action Taken Reports (ATR), including stakeholder coordination, control validation, and presentation of audit closure status to the Audit Committee
- Evaluate operational efficiency, revenue assurance, cost optimization, and regulatory compliance
- Delivered INR 15 Cr. annual savings through freight rate rationalisation and Contract Optimization
- Identified control weaknesses in invoice processing and contract compliance resulting in cost optimization opportunities of approximately INR 3 Cr.
- Detected possible vendor collusion in bidding and contract allocation
- Identified design and logic deficiencies in SLA Monitoring Tool impacting KPI measurement and management reporting.
Manager (GRCS)
KPMG India
04.2024 - 05.2025
- Managed audit engagements across diverse sectors including Auto, Retail, FMCG, and Entertainment
- Led audit teams across multiple engagements, managing planning, execution, issue resolution, and stakeholder communication
- Managed team and project activities, ensuring timely and successful completion of deliverables.
- Prepared client-facing audit reports and AC/CXO decks communicating findings, risks, and recommendations
- Coordinated with senior client stakeholders for issue resolution and process transformation
- Provided training sessions to fellow team members on key processes.
- Preparation of Audit Programmes and Audit Checklist
- Expanded scope of work, contributing to additional revenue generation for the company.
- Renewed contracts with major clients, securing ongoing collaboration and partnership.
- Identified control gaps and financial inefficiencies, resulting in: INR 5 Cr+ savings for a major entertainment business
- INR 1+ Cr savings across SKH
- Led HR audit for a leading Q-commerce platform, uncovering attendance control gaps, weak BGV procedures, and instances of rehiring previously blacklisted personnel
- Conducted rapid 30-day due diligence for fashion/lifestyle acquisition within a large corporate group
- Performed governance and Delegation of Authority (DoA) reviews for UAE-based entities
- Executed process transformation project by delivering Annual Operating Plan, Capex Process, and Product Costing for leading FMCG Company
Deputy Manager, Internal Audit
Eicher Motors
01.2019 - 02.2022
- Handled Audit activities of VE Commercial Vehicles, Royal Enfield, Good Earth Design Studio, Nicobar Design Studio, Eicher Goodearth Foundation in Eicher Group.
- Led end-to-end audit lifecycle including planning, fieldwork, reporting, and presentation to Audit Committee
- Subject knowledge of managing end-to-end audit functions including Internal Financial Control, Financial, Operational, Procurement, Consumption, Branch/Plant, Forensic, Human Resource, Accounts Receivables & Payables, Fixed Assets, Inventory analysis etc.
- Identify potential saving of ~15 MINR in freight, insurance & finance.
- Identified unaccounted interest income of INR 3.5 Cr. on security deposit paid to electricity board.
- Reported inefficacy of vendor providing retainership services for brand and marketing (Potential Saving INR 1.5 Crore).
- Identified Potential saving of INR 2.5 Cr. in Domestic and Export Freight Expenses.
- Identified recovery of Rs 15 lacs from mobile tower operating company towards the operational and maintenance cost.
- Identified frauds in CSR activities.
Internal Audit
Greenlam Industries Ltd.
03.2015 - 01.2019
- Evaluating internal control systems/procedures, preparing audit reports with a view for highlighting the shortcomings and implementing necessary recommendations
- Reporting risk management issues and internal controls deficiencies identified directly to audit committee and providing recommendations for improving operations
- Received promotion in the very first year of the service while working in Greenlam Industries Ltd.
- Identified errors in Bill of Material (BOM) of the company and rectified the same.
- Pointed out potential saving in manufacturing process of Shade Cards.
Education
CS -
ICSI
01-2015
CMA -
ICWA
01-2013
B.COM -
University of Delhi
01-2011
Skills
- Internal Audit
- ICFR
- Risk Management
- Fraud Investigations
- Due Diligence
- Team & Project Leadership
- Budgeting & Cost Control
- Data Analytics
- MIS Reporting
Custom
Directed and guided team members in using Power BI and Alteryx for data analysis and audit automation.
Languages
English
Proficient
C2
Hindi
Proficient
C2
Timeline
Senior Manager, Internal Audit
Air India
05.2025 - Current
Manager (GRCS)
KPMG India
04.2024 - 05.2025
Deputy Manager, Internal Audit
Eicher Motors
01.2019 - 02.2022
Internal Audit
Greenlam Industries Ltd.
03.2015 - 01.2019
CS -
ICSI
CMA -
ICWA
B.COM -
University of Delhi