Sumit Agarwal
Chartered Accountant
Summary
Chartered Accountant with over 9 years of experience in financial reporting, controllership, audit, compliance, and process automation across diverse industries, including electric vehicles, e-commerce, and technology. Proven expertise in Ind-AS, financial planning, taxation, and internal controls, ensuring accurate financial reporting and regulatory compliance. Adept at leading cross-functional teams, streamlining financial processes, and implementing automation to enhance efficiency. Strong ability to manage statutory audits, oversee tax compliance, and collaborate with stakeholders to drive business objectives.
Overview
12
12
years of professional experience
12
12
years of post-secondary education
1
1
Language
Work History
Manager - Finance Controller
Glance Digital Experience Private Limited
01.2025 - Current
- Managing end-to-end revenue accounting, ensuring accurate recognition, reporting, and compliance with IND AS/IFRS.
- Overseeing financial reporting, including preparation and analysis of financial statements, ensuring accuracy and compliance with statutory requirements.
- Handling fixed assets management, including capitalization, depreciation, asset tracking, and ensuring compliance with accounting standards.
- Managing accounts payable, ensuring timely vendor payments, reconciliation, and adherence to company policies and tax regulations.
- Leading month-end and year-end book closure, ensuring accurate financial reporting and compliance with corporate policies.
- Driving statutory audit coordination, acting as the primary liaison between auditors and internal teams for seamless audit completion.
- Ensuring compliance with revenue recognition policies, tax regulations, and internal controls to mitigate financial risks.
Manager - Finance Controller
Ultraviolette Automotive Private Limited
11.2022 - 01.2025
- Leading the Controllership, Accounting & Reporting.
- Leading Statutory, Internal Audit and Compliance.
- Monthly closure of books of accounts and preparation of cash flow statements.
- Prepare Accounts in compliance with accounting standard - Ind AS.
- Leading the team of General Ledger (GL), Accounts Payable (AP).
- Inventory Management & maintenance of stock at all locations.
- Leading Statutory Reporting, Tax, GST and Legal Compliance
- Maintain relations with Tax Authorities, Banks, Outsourcing Partners etc
- Support Account Receivable and Collection
Assistant Manager - Financial Reporting
Ola Electric Technologies Private Limited
10.2020 - 11.2022
- Responsible for reporting of monthly/quarterly/annually results and financial statements as per Ind-AS and in compliance with SEBI guidelines.
- Responsible for accounting and reporting of fixed Assets.
- Responsible for accounting and reporting of leases
- Responsible for accounting and reporting of revenue and subsidy as per relevant Ind AS.
- Responsible for Monthly Closure of Books as per Group's Timeline and reporting the same to Group.
- SPOC between Statutory Auditors and Finance & other cross functional departments
Team Leader - Accounts Payable
Flipkart Internet Private Limited
12.2018 - 09.2020
- Monthly reporting of provisions, actualizations, and cost for the month for various departments related to Marketing, IT, security, Travel, Recruitment, Legal & professionals
- Leading AP operations team.
- Handling payments escalations and ensuring on time payment of vendor dues
- Approval of all payments related to payables • Closure of AP period on Monthly basis
- Handling various audits i.e. Statutory, Tax, Sox as well as Internal Audit
- Reporting to Senior Manager - Finance
Finance Executive
Maheshwari Mining Private Limited
12.2016 - 12.2018
- Preparation of Financial statements as per applicable Accounting standards.
- Filing of regular Quarterly TDS returns, rectifications as well as making representation to IT TDS departments.
- Filing of Income tax return of the organization and its group companies
- Representing the company and its associated group companies in Various Income tax scrutiny cases.
- Ensuring ROC compliances and filing relevant ROC returns related to organization and its directors
- Ensuring Correct GST Accounting and ensuring timely filing of required GST returns
- Handling various audit i.e. Statutory, Tax, Internal
- Reporting to the Director.
Articleship
Khemka Agarwal And Company, Chartered Accountants
09.2013 - 09.2016
- Preparation of Financial and Income Statement for different clients.
- Conducting of various audit i.e. Statutory audit, Tax Audit, School as well as bank audits
- Filing various Income tax returns related to companies, individual, partnership as well as TDS returns
- Representing Clients before various authorities, i.e. IT, Central Excise, Vat, etc
Education
Chartered Accountant - Chartered Accountancy
The Institute of Chartered Accountants of India
India 06.2013 - 11.2019
Bachelor of Commerce (Honors) - Accountancy
University of Burdwan
Burdwan, West Bengal 03.2011 - 08.2014
Higher Secondary - Commerce
Assembly of God Church
Ukhra, West Bengal 03.2009 - 03.2011
Skills
Problem solving
Lead by example
Active listener
Lifelong learner
Team Builder
Numbers oriented
Accomplishments
- Supervised team of 12 staff members.
- Bring the accounting in house from the outsourced party
- automating processes of invoice processing, material movement, depreciation of fixed assets
- Fetching reports from the accounting system from manual activity
- Leading the accounting system implementation
- Implementation of Ind AS
- Awarded as the solid performer of the year
Hobbies
Travelling, Singing, cooking, playing badminton and cricket
Timeline
Manager - Finance Controller
Glance Digital Experience Private Limited
01.2025 - Current
Manager - Finance Controller
Ultraviolette Automotive Private Limited
11.2022 - 01.2025
Assistant Manager - Financial Reporting
Ola Electric Technologies Private Limited
10.2020 - 11.2022
Team Leader - Accounts Payable
Flipkart Internet Private Limited
12.2018 - 09.2020
Finance Executive
Maheshwari Mining Private Limited
12.2016 - 12.2018
Articleship
Khemka Agarwal And Company, Chartered Accountants
09.2013 - 09.2016
Chartered Accountant - Chartered Accountancy
The Institute of Chartered Accountants of India
06.2013 - 11.2019
Bachelor of Commerce (Honors) - Accountancy
University of Burdwan
03.2011 - 08.2014
Higher Secondary - Commerce
Assembly of God Church
03.2009 - 03.2011
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