Siddharth Varma
Bangalore
Summary
Finance professional with a background in statutory compliance, direct and indirect taxation, and financial operations across the construction, media, and tech industries. Proven track record in handling GST, TDS, foreign payments, and regulatory submissions. Proficient in SAP, MIS reporting, and ensuring compliance for diverse corporate entities.
Overview
16
16
years of professional experience
3
3
years of post-secondary education
3
3
Languages
Work History
Finance Consultant (Associated With CA Firm)
Abraham Kurian and Co
03.2024 - Current
- Reviewed company financials for evaluation and preliminary valuation in potential M&A scenarios
- Gained exposure to equity valuation, due diligence procedures, and interpretation of final accounts
- Continued work on statutory compliance, including GST reconciliations and regulatory updates
Assistant Finance manager
Machani Group
03.2023 - 02.2024
- Company Overview: Construction of luxury apartments. Also, the group comprised subsidiary startups in the industries of A.I, E.V vehicles, and defense equipment.
- Group-level compliance for the business verticals under the Machani group.
- The work involves coordination with an external consultant for GST returns, reconciliation, and making e-TDS payments.
- Foreign payment compliances - 15CA, CB and bank level adherences were to be met.
- Invoicing for transactions of the subsidiary startups, managing TDS deductions and GST entries correspondingly.
- Payables management, creditors schedule and ensuring timely payment for pending invoices within payment cycles.
- Construction of luxury apartments. Also, the group comprised subsidiary startups in the industries of A.I, E.V vehicles, and defense equipment.
Sr Finance executive
Deluxe Entertainment Pvt. ltd
08.2019 - 09.2021
- Company Overview: U.S.-based Media Company, an Indian unit located in STPI.
- Preparing Form 15CA and, in the event of an international vendor, assisting Form 15CB.
- Accounting and management of payables for the same.
- The creation of a cash flow statement to track expenditures from the money inflow received by the American parent company and to support the daily consumption of expenses.
- Ensuring proper deduction of Tax Deducted at Source (TDS) from vendors' bills, Timely deposition of TDS, and filing of quarterly TDS returns.
- Preparation and filing of GST returns. GSTR 1, 3B, and GSTR9C reconciliation.
- Preparation of input tax credit registers under GST and ensuring correct availment of input tax credit as per 2A/2B.
- Responding to the various notices or show cause notices issued by the department and updating the litigation tracker on a timely basis.
- U.S.-based Media Company, an Indian unit located in STPI.
Sr Finance Analyst
Swiggy
07.2018 - 06.2019
- Company Overview: Part of the 'New Supply' division is the cloud kitchen segment of Swiggy that manages 'The Bowl Company' and 'Homely Meals.'
- Coordinating with the core finance team to update details relating to the GST returns and records about the New Supply department (cloud kitchen outwards supplies and ITC claims).
- Preparing the MIS, doing variance analyses, and projecting profit and loss account for the rapidly expanding cloud kitchens to satisfy the increasing demand.
- Costing for the cloud kitchen food menu items to ensure profitability in turnover.
- Analysis of trends based on forthcoming factors affecting expenditure and revenue.
- Part of the 'New Supply' division is the cloud kitchen segment of Swiggy that manages 'The Bowl Company' and 'Homely Meals.'
Sr finance executive
Maarq Spaces pvt ltd.
01.2016 - 02.2018
- Company Overview: Construction company into residential and commercial projects.
- A newly established construction company's daily accounting statements and transaction logs.
- Putting together income forecasts to send to the bank.
- Cost and comparison reports based on the building site's bill of materials and the quotes that were obtained for it.
- Accounts payable, cash flow statements, payroll accounting, TDS, and GST compliance were additional responsibilities.
- Construction company into residential and commercial projects.
Associate consultant
EY Global Shared Services
12.2013 - 11.2015
- Company Overview: Worked as a member of the audit & assurance team assigned to the responsibility of auditing corporate groups in the Middle East. Specifically, EY in Saudi Arabia.
- Roles involved the preparation and compilation of schedules in financial statements of group companies and filling out audit questionnaires.
- Worked as a member of the audit & assurance team assigned to the responsibility of auditing corporate groups in the Middle East. Specifically, EY in Saudi Arabia.
Article assistant
Krishnamoorthy & Krishnamoorthy Chartered Accountants
02.2009 - 07.2013
- Company Overview: A firm of chartered accountants, dealing with a vast clientele from varying industries.
- I gained wide exposure to all types of audits, due diligence, direct and indirect tax compliances, tribunal hearings, etc. in the course of my articleship.
- I also handled audits and statutory compliances of manufacturing companies, including the internal audit of Western India Plywood's Ltd.
- Handled an audit assignment for four units coming under KPCL (Karnataka Power Corporation Limited).
- A firm of chartered accountants, dealing with a vast clientele from varying industries.
Education
U.G - B.COM - Taxation
M.G University
06.2004 - 03.2007
C.A - Finals pending
The Institute of Chartered Accountants of India
Skills
- Statutory compliances
- Book closures
- MIS reporting
- Controls and processes
- Transfer pricing
- Foreign payment compliances
- SEZ compliances
- GST return filings and ITC mismatch reconciliation
- Tax assessments and litigation
- hands-on experience working in SAP
Interests
Song writing
Theater
Digital art
Trading in Equity and F&O segments as well in Crypto markets
Timeline
Finance Consultant (Associated With CA Firm)
Abraham Kurian and Co
03.2024 - Current
Assistant Finance manager
Machani Group
03.2023 - 02.2024
Sr Finance executive
Deluxe Entertainment Pvt. ltd
08.2019 - 09.2021
Sr Finance Analyst
Swiggy
07.2018 - 06.2019
Sr finance executive
Maarq Spaces pvt ltd.
01.2016 - 02.2018
Associate consultant
EY Global Shared Services
12.2013 - 11.2015
Article assistant
Krishnamoorthy & Krishnamoorthy Chartered Accountants
02.2009 - 07.2013
U.G - B.COM - Taxation
M.G University
06.2004 - 03.2007
C.A - Finals pending
The Institute of Chartered Accountants of India
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