This position plays a stellar role in creating and implementing financial strategies to achieve business goals and objectives. KRAs include establishment of Fund & Treasury Management, Financial Policy, Fund raising, System and Controls, Finalization of Accounts & Audit, Ensuring Tax and Regulatory Compliances.
MFCL operates a Gas based Ammonia – Urea Complex at Panagarh, District Burdwan in West Bengal. The Plant produces 1.3 Million Tonnes Per Annum (MTPA) Urea which is the first one of its scale in India.
Managed treasury operations, overseeing cash flow and banking relations.
Led the strategic conversion of Rupee Term Loans into foreign currency borrowings (FCNR, FCL, ECB), achieving a material reduction in overall cost of funds through efficient capital structuring.
Orchestrated negotiations with financial institutions to design and execute derivative solutions, including cross-currency swaps, hedging currency exposures and optimizing pricing.
Conceptualized and implemented structured Suppliers’ Credit programs through LC discounting, enhancing working capital efficiency and optimizing short-term financing costs.
Successfully obtained regulatory approvals from the Reserve Bank of India (RBI) for structured Buyer’s Credit arrangements, while strengthening treasury governance frameworks, controls, and policy oversight.
Directed deployment of surplus funds into mutual fund instruments, achieving risk-adjusted returns aligned with treasury investment policies.
Developed and executed robust foreign exchange risk management strategies, ensuring comprehensive and cost-effective hedging of currency exposures.
Coordinated project finance activities, supporting funding strategies for large-scale initiatives.
Core member of the Project Finance function, driving the successful financial closure of a large-scale greenfield project by mobilizing ₹4,500 crore from domestic lenders and USD 650 million via ECB from leading international institutions.
Directed end-to-end compliance and governance for complex multi-jurisdictional financing structures (onshore/offshore), ensuring seamless adherence to facility agreements, regulatory norms, and reporting obligations.
Proactively managed financial and legal covenant compliance across all lending arrangements, strengthening lender confidence and ensuring zero deviation from funding conditions.
Spearheaded and coordinated comprehensive legal and financial due diligence, enabling timely deal execution and mitigating transaction risks in high-value funding structures.
Led engagement with credit rating agencies to secure and sustain strong credit ratings, enhancing organization’s borrowing profile and access to capital markets.
Completed statutory, tax, and internal audits with BIG 4 firms accurately and on time.
Ensure the timely and accurate preparation of financial statements as Indian GAP &IFRS for consolidation with holding Company.
Handle complete finance function, set up internal financial and process control, policy & procedures and provide advisory on financial initiatives.
SAP Implementation
Mentor to the Team for FICO module during SAP implementation.
Managed direct taxation processes to ensure compliance with tax regulations.
Tax Planning & Compliances
Completion of Tax assessment of the company.
Budgeting & MIS
Review of Annual Budgets and getting Board approval
Monitoring of Budgets on Monthly basis
Review of Monthly MIS and Cost of Production and presenting same to Directors.
Analysis & Review of Data to be submitted to Department of Fertiliser GOI.
Achievements:
Achieved Interest savings up to 200 million during project implementation by deploying innovative financing strategy.
Achieved Tax savings by implementing various Tax planning initiatives.
Sr Manager - Banking, Treasury & Risk Management
Watson Pharma Pvt Ltd
11.2007 - 07.2010
Maintained banking relationships to ensure favorable terms and access to financing.
Liquidity Management & Control
Recognition and mitigation of foreign currency exposure.
Automation and sophistication of banking processes
Obtained External Commercial Borrowing (ECB) approval from Reserve Bank of India (RBI) for borrowing USD 20 million.
Negotiated and administered various insurance policies to mitigate risks and protect company assets.
Establishment of Working capital Facilities.
Highlighted significant accomplishments.
(100 % subsidiary of Watson Pharmaceutical INC 3rd Largest Pharma Co in US)
Developed treasury-related reports in SAP to enhance financial visibility and decision-making.
Manager - Finance
TOTALFINAELF INDIA LIMITED
10.2002 - 10.2007
Reported to CFO, managed Treasury & Banking function with focus on minimizing finance costs and designing working capital products such as suppliers credit and buyers credit for base oil purchases.
Managed working capital effectively to ensure liquidity and operational efficiency.
Finance cost estimation and control
Estimated and controlled finance costs to support budget adherence and financial planning.
Trade Finance & Forex Hedging
Financial Analysis & Strategic initiatives.
Analyzed business environment and prepared management information system reports.
(Part of TOTAL S. A. France – 4th largest petroleum group in the world.)
Achievements:
Implementation of A, B, C analysis to bring about significant improvement in collection and early realization of upcountry cheques resulting in a recurring saving of Rs. 1 Mio.
Structured overseas financing solutions to enable low-cost borrowings, facilitating the management of import liabilities.
Senior Executive - Finance &MIS
Excel Crop Care Limited
07.1996 - 09.2002
I was working as Sr Executive, reporting to General Manager (Finance), Main responsibility was raising resources for fuelling the growth of the organization. Key Result Area was to reduce finance costs & financial Analysis. To achieve this objective, I got an excellent opportunity to restructure debts and introduce various innovative finance strategies.
Outlined key deliverables for finance initiatives.
Secured working capital loans by preparing CMA data for bankers and submitting QIS reports, facilitating project and equipment financing from institutions such as ICICI and Exim Bank of India under their PEFP/EMF Programme.
Preparing CMA data for bankers
Submitting QIS reports
Securing Project Finance / Equipment Finance from Financial Institutions like ICICI and Exim Bank of India under their PEFP /EMF Programme..
<ul><li>Company Overview: Group Company of PUIG, Spain</li><li>Team Leadership & Process Excellence: Organised the transformation of the Finance & Accounts function, establishing performance-driven goals, and embedding a culture of accountability and continuous improvement. Drove operational efficiency through process redesigns, SOP implementation and optimal resource deployment, leading to measurable improvements in turnaround time and accuracy.</li><li>Strategic Partnering with CXOs: Acted as a key advisor to the CEO, CFO, and other CXOs on business planning, pricing strategies, and business model pivots to support scale-up and profitability. Contributed to investor communications with data-backed insights to enhance stakeholder confidence and secure strategic funding.</li><li>Cross-Functional & Global Stakeholder Management: Functioned as the strategic finance business partner to cross-functional heads and the PUIG global finance team, aligning local execution with global financial strategies and compliance requirements.</li><li>ERP Transformation & System Automation: Led end-to-end ERP reimplementation to address system gaps, enforce role-based controls, and automate core finance processes—resulting in enhanced data accuracy, faster reporting and improved internal controls.</li><li>Costing, Inventory & Profitability Optimization: Designed and implemented plant-level costing models to ensure accurate COGS determination. Improved inventory management across pricing, consumption tracking, and aging analysis—enabling better working capital control and cost efficiency.</li><li>Manufacturing Finance & Statutory Compliance: Supervised end-to-end accounting for manufacturing operations and ensured full statutory compliance.</li><li>Financial Reporting, MIS & Profitability Analytics: Delivered accurate and timely monthly MIS reports, including P&L, Balance Sheet and KPI dashboards with deep-dive variance analysis across stores, business verticals, and geographies. Supported board-level decision-making through insightful presentations on financial health and business performance.</li><li>Budgeting, Forecasting & Business Planning: Led the Annual Operating Plan (AOP) and rolling forecasts, ensuring alignment with strategic objectives and market dynamics. Monitored key financial metrics to enable business decisions and proactive cost management.</li><li>Statutory, Internal & Tax Audit Management: Finalized standalone and consolidated financials under Ind AS and IFRS, ensured timely group reporting and compliance with international standards. Delivered clean and timely closures of statutory, tax, and internal audits in coordination with Big 4 auditors. Strengthened audit readiness through pre-audit diagnostics and rectification of recurring control gaps.</li><li>Regulatory Compliance & Risk Management: Ensured end-to-end compliance which includes ROC, RBI, FEMA, Income Tax, GST, Transfer Pricing, DTAA, and Customs. Reviewed cross-border contracts and transactions to ensure arm’s length pricing, accurate TDS application, and proper documentation under Transfer Pricing regulations.</li><li>Commercial Negotiation & Contract Governance: Led commercial negotiations and structured deals with vendors and franchisees. Reviewed key business contracts to ensure financial viability, risk protection, and compliance with regulatory standards.</li><li>Treasury & External Commercial Borrowing (ECB): Managed fund planning and liquidity management including ECB drawdowns, bank negotiations, and interest optimization. Improved working capital cycles through proactive cash flow forecasting and receivables control.</li><li>Internal Controls & Governance Framework: Led organization-wide reviews of internal control systems, identified process gaps, and redesigned or implemented over 40 SOPs and IFCs. Established a governance structure for financial discipline, risk mitigation, and policy compliance across departments.</li></ul> at Kama Ayurveda Pvt. Ltd. & PUIG India Pvt. Ltd.<ul><li>Company Overview: Group Company of PUIG, Spain</li><li>Team Leadership & Process Excellence: Organised the transformation of the Finance & Accounts function, establishing performance-driven goals, and embedding a culture of accountability and continuous improvement. Drove operational efficiency through process redesigns, SOP implementation and optimal resource deployment, leading to measurable improvements in turnaround time and accuracy.</li><li>Strategic Partnering with CXOs: Acted as a key advisor to the CEO, CFO, and other CXOs on business planning, pricing strategies, and business model pivots to support scale-up and profitability. Contributed to investor communications with data-backed insights to enhance stakeholder confidence and secure strategic funding.</li><li>Cross-Functional & Global Stakeholder Management: Functioned as the strategic finance business partner to cross-functional heads and the PUIG global finance team, aligning local execution with global financial strategies and compliance requirements.</li><li>ERP Transformation & System Automation: Led end-to-end ERP reimplementation to address system gaps, enforce role-based controls, and automate core finance processes—resulting in enhanced data accuracy, faster reporting and improved internal controls.</li><li>Costing, Inventory & Profitability Optimization: Designed and implemented plant-level costing models to ensure accurate COGS determination. Improved inventory management across pricing, consumption tracking, and aging analysis—enabling better working capital control and cost efficiency.</li><li>Manufacturing Finance & Statutory Compliance: Supervised end-to-end accounting for manufacturing operations and ensured full statutory compliance.</li><li>Financial Reporting, MIS & Profitability Analytics: Delivered accurate and timely monthly MIS reports, including P&L, Balance Sheet and KPI dashboards with deep-dive variance analysis across stores, business verticals, and geographies. Supported board-level decision-making through insightful presentations on financial health and business performance.</li><li>Budgeting, Forecasting & Business Planning: Led the Annual Operating Plan (AOP) and rolling forecasts, ensuring alignment with strategic objectives and market dynamics. Monitored key financial metrics to enable business decisions and proactive cost management.</li><li>Statutory, Internal & Tax Audit Management: Finalized standalone and consolidated financials under Ind AS and IFRS, ensured timely group reporting and compliance with international standards. Delivered clean and timely closures of statutory, tax, and internal audits in coordination with Big 4 auditors. Strengthened audit readiness through pre-audit diagnostics and rectification of recurring control gaps.</li><li>Regulatory Compliance & Risk Management: Ensured end-to-end compliance which includes ROC, RBI, FEMA, Income Tax, GST, Transfer Pricing, DTAA, and Customs. Reviewed cross-border contracts and transactions to ensure arm’s length pricing, accurate TDS application, and proper documentation under Transfer Pricing regulations.</li><li>Commercial Negotiation & Contract Governance: Led commercial negotiations and structured deals with vendors and franchisees. Reviewed key business contracts to ensure financial viability, risk protection, and compliance with regulatory standards.</li><li>Treasury & External Commercial Borrowing (ECB): Managed fund planning and liquidity management including ECB drawdowns, bank negotiations, and interest optimization. Improved working capital cycles through proactive cash flow forecasting and receivables control.</li><li>Internal Controls & Governance Framework: Led organization-wide reviews of internal control systems, identified process gaps, and redesigned or implemented over 40 SOPs and IFCs. Established a governance structure for financial discipline, risk mitigation, and policy compliance across departments.</li></ul> at Kama Ayurveda Pvt. Ltd. & PUIG India Pvt. Ltd.