Sukhbir Oberoi

Nephrocare health services Ltd is one of the largest Dialysis service provider in Asia and operate around 500 clinics in india, Philippines, Uzbekistan and Nepal.

Roles and responsibilities:-

• In charge of the finance function for international geographies, which include the Philippines, Uzbekistan, Singapore, Kingdom of Saudi Arabia, and Nepal.
• Managing the finance operation of 22 entities, which includes fund management, financing requirements, monthly book closing, audit, taxation compliance, etc.
• Regular visits to all geographies for coordination with auditors, bank and local team for ensuring timely reporting and compliance.
• Responsible for local compliance and filing o tax returns, financial filing and secretarial compliance.
• Responsible for adequate insurance coverage for all the international legal entities.
• Framing the adequate SOP and policy for providing to Operation department for smooth functioning.
• Participating in regular discussion of financial performance and anticipated improvements in profitability.
• Regular compliance monitoring by engaging with various expert consultants in the Philippines, Saudi Arabia, Nepal, and Uzbekistan.
• Preparation of Annual operating plan for the international entities and measuring regular performance against AOP with action plan to acheive AOP.
• Review of share purchase agreement and Assets transfer agreements for centre acquisition and structuring deals.
• Review of Tax and financial due diligence reports for various centre acquistion plan.
• Ensuring compliance of SPA and ATA terms on release of acquisition payouts to old promoters.

Key achievements during the tenure:-

• Key role player in the public offering (IPO) in India for the parent company for the support of international operations, which includes the last 3 years of restated financials, compliance certification, comfort letters, and examination letters from various auditors and consultants.
• Funding of USD 8 million with an internationally reputed bank for the expansion of international operations in the Philippines.
• Setting up the Nepal entity from the ground level, now have 10 operating centers. Regularized compliance related to branch operations in Nepal.
• Handling revenue of USD 45 million across geographies, which comprises approximately 30% of group revenue.
• Expanded operation from 12 centers to 47 centers, along with handling the acquisition of 14 entities in the Philippines.
• Drove digital transformation efforts within the organization, leveraging emerging technologies to streamline workflows, improve communication channels, and enhance overall productivity by implementing tools like Microsoft Dynamics 365, Finalyser for the consolidation of books, Spandex (expense management tools), and ApX (invoice workflow tools.
• Drive the team to achieve the goal of preparing IPO data and ensuring compliance within a six-month timeframe.
• Settled legacy case of tax assessments for 6 entities in Philippines for 3 years.
• Successfully completed the handover of the accounts payable function to the shared service partner for a smooth operation of the procure-to-pay process.
• Enhanced operational efficiency by streamlining processes and implementing cost-saving measures.
• Spearheaded change management initiatives that ensured smooth transitions during organizational restructuring periods while minimizing disruptions to ongoing operations.

Celon Laboratories Pvt Ltd is 100% owned by the Mubadala Group, which is funded by private equity investors. Celon Laboratories Private Ltd is a biopharmaceutical company engaged in the manufacturing and trading of oncology and critical care formulation drugs. It’s manufacturing location is at ALEAP Industrial estate, Gajularamaram Hyderabad, Telangana. Celon laboratories, India turnover is Rs 300 crore approx which include domestic and export sales in various developing countris.

• Overall in charge of MIS, finance and treasury, taxation and working capital etc and reporting to Chief financial Officer.
• Monitoring and reporting of monthly performance as MIS to the board on monthly basis along with forecast of upcoming month and quarter.
• Leading team of 8 resources which supports in accounts payable, taxation, finance and receivable.
• Responsible for compliance of Direct and Indirect taxation along with help of consultants.
• Variance Analysis of sales and expenses on monthly basis with budget and previous month
• Weekly monitoring of cash flow and approval of payments as per availability.
• Fund raising with coordination with banks and arrangement of fund and non-fund based limit.
• Finance controller for budget sales, expenses and collection.
• Preparation and finalization of annual standalone and group reporting of Celon Laboratories Private Ltd in IndAS and IFRS.
• Preparation of the monthly forecast of the balance sheet, cash flow, and profitability statement.
• Budget preparation, monitoring of the capital expenditure plan of the Company, and reporting the monthly status.
• Preparation of Annual budget and doing roll forward on the basis of actual and forecast business achievements.
• Coordinating and managing relationships with the Board of Directors, internal and statutory auditors (Big Four), purchases, and other business stakeholders.
• Monthly review of Advances, payables, Deposits and planning for realisation of block funds.
• Responsible for Insurance policy coverage and renewal on timely basis.
• Identifying opportunities for the automation of processes and controls over transactions, and the implementation of the same, which includes RPA and AI-enabled systems.
• Responsible for monitoring strong governance standards, and compliance with policies and standard operating procedures.

Major challenges and achievements during the tenure:-

• Raising fund for Assets financing through lease of Rs 10 Cr, even financial of company was not in good condition.
• Handled financial and Tax due diligence prospective investors at Kelix Bio level.
• Manager to get refund of Rs 5 Cr towards inverted duty structure and export.
• Manage to settle demand notice of Rs 110 Cr from Income tax department for AY 2020-21.
• Recovery of Rs 20 lacs from various CFA agents towards excess claim of GST.
• GST credit taken on Air travel and hotel related expenses.
• RCM compliance on foreign payments and sponsorship.
• Closure of various internal audit point raised by KPMG within 6 months of joining.
• SAP HANA Implementation lead team members for Kelix Bio India roll out.

Cadila Pharmaceuticals Ltd is a leading pharmaceuticals company of the India with turnover of Rs 3000 Cr per annum. Company’s Headquarter is based at Ahmedabad and have plant locations at Dholka, Ankleshwar, Udaipur, Dahej, Jammu and Ethiopia.

• Reporting to Chief financial officer for Finance and operation management.
• Key responsibility includes monitoring and reporting of monthly performance to the management of CPL, Subsidiaries and its group entities and financial controller for budget of various business functions.
• Team composition of 20 nos includes Chartered accountant, Semi qualified and commerce graduate. Team function includes handling accounts payable, Payroll, treasury and fund management etc.

Details roles and responsibilities are as follows:-

• Reporting and analysis of monthly performance to the management as per timelines.
• Preparation and monitoring of budget as finance controller of support function like IT, legal, Finance, HR, Admin, CSR etc.
• Monthly closing of books of accounts for SBU wise profitability reporting.
• Preparation and finalization of quarterly and annual standalone and consolidated financial statements of Cadila pharmaceuticals Ltd (CPL) and its group companies as per management timeline along with auditors review.
• Preparation and analysis of quarterly finance board presentation for CPL and its group companies, including overseas companies.
• Responsible for quarterly finalisation of accounting of various Trust entities which include PF Trust, Indrashil Kakaba and Kalabudh public Charitable trust, Modi Employee Benevolent Fund.
• Monitoring cash flows of group companies and various trusts.
• Preparation of Annual forecast of profit and tax planning with taxation team.
• Coordinating and managing relationship with Independent Directors, Internal and statutory auditors, purchase and other business stakeholders.
• Monthly review of Receivables and discussion with business finance and Business heads for realisation.
• Monthly review of advance to suppliers, pending GRIR with Purchase team for recovery and settlement.
• Monthly review of pending reconciliation of GST receivables in GSTIN portal along with taxation team.
• Identifying opportunities for automation of process and controls over transaction and implementation of the same which includes RPA, AI enabled systems.
• Responsible for monitoring of strong governance standards and compliance with policies and standard operating procedure.

Major challenges and achievements during the tenure :-

• Optimum utilisation and control over GST credit availability and utilisation.
• Preparation and coordination of Risk register for finance function for implementation.
• Monitor and Implementation of Internal control framework on financial reporting as per norms.
• Implementation of SAP Success factor for payroll function.
• Reimplementation of SAP ECC 6.0 as SPRINT project in June 2016.
• Ind AS implementation in CPL and its Group Companies in 2017-18.
• Merger of Agro and Vetnova Division from CPL.
• Merger of Casil Industries Ltd in CPL.
• Selected for Cadila Leadership Accelerated Program (CLAP).
• Core team member from finance for BIBO Implementation module in SAP.
• Implementation of vendor master portal for vendor management.

Vandana Vidhyut Limited is a fast paced growing organization which has setup 540 MW Thermal Power Plant at Korba (C.G) and headquartered at Raipur (C.G).

• Responsible for Accounts, taxation, treasury and finance function with team size of 8 persons. Reporting to Managing directors and dealing with consortium of bankers for fund raising. Key responsibility areas include :-
• Finalization of Financials as per Indian GAAP for submission to the bankers.
• Regular updation and monitoring of project cost and capital infusion required.
• Preparation of agenda and organising monthly consortium meeting of bankers for giving status of project.
• Responsible for coordination with lenders engineer for submission of monthly Lenders engineers Inspection report to bankers for project status.
• Responsible for compliances of laws like Income tax, Company law, Sales Tax, Service tax etc.
• Coordination with banker’s internal auditors, statutory auditors for various certification work.
• Establishing controls over accounting and taxation and monitoring of the same.

Major challenges and achievements during the tenure :-

• Managing debt of Rs 1500 Cr with consortium of 6 banks and CDR mechanism.
• Preparation of Draft Red Herring Prospectus for the IPO.
• Restatement of last five years financials for purpose of DRHP for IPO.
• Handled submission of documents for Income tax search along with tax consultants.

BSR & Associates is a partnership firm which is a partner firm of multinational chartered accountant firm .

• Involve in statutory audit of various clients as per Indian GAAP, IFRS and USGAAP. It includes planning, assessment of entity level risk, assessing internal control of the organisation both manual and automated, verification of compliance with Companies Act 1956 and Accounting Standards. Major projects handled as in charge or team member are as follows:-
• Audit as per US GAAP of Hollister Laboratories LLC, USA and consolidating the same with Jubilant Financials.
• Audit in charge in statutory audit of ZLN Shipping India Private Limited and Modi Apollo International Group Private Ltd- Statutory Audit
• Group reporting for Ranbaxy Inc. and its US Subsidiaries and review of Japenese Sox compliance.
• IFRS audit of Jubilant Organosys Ltd and handled various entities and plants audit.
• Statutory audit and quarterly review and Group reporting as per IFRS of Huthamaki Paper Products Ltd.
• Statutory audit of ICI Paints India Ltd, BMW India Pvt Ltd and Percept Limited.
• Tax Audit of ICI Paints Limited and BMW India Limited.
• Due diligence of an investment banking Company

PKF Sridhar and Santhanam is a chartered accountant firm with a global presence and they expertise include attestation function, management audit, management consulting, Consultancies-M&A, ISO and other quality initiatives.

Articleship period exposure includes:-

• Statutory audit of various corporate like Wipro Leather Product Division, N.T.P.C, Transworld Shipping, Harvey Health care Private Limited, IWL Limited and Bhilai Engineering Corporation.
• Internal audit of various Corporate as a team member and in charge. Some of major corporate in which involvement was there are Reliance Infocom Web World and Warehouse, Sify Ltd, Adonis Electronics, Symrise Pvt. Ltd, Parry Agro India Ltd, Schwing Steter (India) Ltd and Polaris.
• Project audit of Hindustan Zinc Limited and Vedanta Aluminium Limited which includes pre-audit of orders and payments approved by Commercial department and Finance Department. It also includes review of control over vendors, safety standards, labour law compliances, statutory compliances, projects progress and project MIS review.
• Due Diligence of a tea manufacturing company of a large corporate house.