Shashi Sinha

Achievements

At the time of joining, six years financials were pending and key personal had already left the Job. Within 12 months , All pending financials were audited signed along with Tax audit and Other compliances . During the period closure of insolvency process and merger with a listed also done

Strategic Financial Leadership

• Lead long-term financial planning aligned with power sector trends and regulatory frameworks (CERC, SERC,MOP guidelines).
• Compliance of NCLT order relating to Resolution and Merger

Financial Operations & Accounting

• Oversee budgeting, forecasting, financial reporting, and audit compliance.
• Maintain robust internal controls and accounting standards (Ind AS).
• Optimize working capital and monitor key metrics such as PLF and EBITDA

Regulatory & Market Compliance

• Interface with power market regulators (CERC/SERC) and other agencies.
• Ensure compliance with GST, income tax, and other statutory obligations.
• Monitor financial risks related to policy changes (DSM, , TRAS/SRAS etc).

Treasury & Capital Management

• Manage banking relationships and negotiate credit lines and LC structures. / bank guarantee
• Oversee power trading settlements (including DAM, TAM, and bilateral contracts).

Achievement : Developed Web Based Insolvency Practice Software

Provide Insolvency Support Services.

• Streamlined accounting processes for improved efficiency and reduced errors, back log compliances.
• Income Tax Matter

Achievement : The Company was going to set up an Luxury Home and Fashion shop in London and New York. It was a green field project with actual expenditure about Rs 470 Cr. Develop the Operating budget, Business Plan handled Legal & HR and recruited approx. 40 people.

• Led budgeting process, collaborating with department heads to allocate resources strategically and ensure alignment with organizational goals.
• Enhanced cash flow management through the development of robust forecasting models, ensuring optimal liquidity for business operations.
• Oversaw budgets, payroll, and accounts payable and receivable.
• Ensured compliance with all regulatory requirements by staying current on industry developments and implementing necessary controls within the organization.

Achievement : Done Business Restructuring and evaluated fund proposal received from FIIs

• Monthly Analysis of Group MIS , and Implemented and developed operational standards, policies and procedures.
• Financial Restructuring with potential Investors.
• Held monthly meetings to create business plans to drive successful business.
• Provided strong leadership to team of Promoters ( approx. 6 people)& enhance team productivity and morale.

Achievement : Out of 10 years of tenure , I was given outstanding performer rating for 7 years. Gone for Secondment in EY USA

• Managed and motivated employees to be productive and engaged in Statutory Audit Works and other related work.
• Accomplished multiple tasks for Multiple client in Power and Manufacturing Sector
• Conduct Training and Development Programme for E&Y Mumbai Assurance Services.

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• Facilitated Statutory audits and prepared detailed reports on findings.
• Managed a team of auditors staff , ensuring accurate and timely completion of audit projects.
• Provided valuable insights to senior management on potential business risks identified during audits.