SAP
Suvarna Pathare
Experienced Finance Leader
Mumbai
Summary
CFO |STRATEGIC LEADER – FINANCE ACCOUNTS FINANCE OPERATIONS/CONSULTING CHANGE MANAGEMENT DIGITIZATION LEADER
Senior finance leader and strategic Chartered Accountant who optimizes financial operations to ignite growth across global organizations
Overview
33
33
years of professional experience
2
2
Certifications
1
1
Language
Work History
Director – Finance & IT
Indo-German Chamber of Commerce
01.2024 - 11.2025
- Headed the Finance, Accounts, Budgeting, Commercial, Secretarial Compliances, Direct & Indirect Tax functions of the Chamber
- Led the Budgeting and Contribution Tracking Function on a PAN India basis
- Implemented digitalization initiatives for the Chamber within the shortest possible time
- Led the Cost Centre implementation function for the Chamber
- In-Charge of IT procurement
- Headed Audits as per Indian GAAP and German Chamber of Commerce Standards
- Headed FEMA compliances, Section 8 Company compliances, Section 12 Compliances under Income Tax
- Headed reporting and communications with Overseas Branch Office and German Chamber of Commerce & Industry
- Key Highlights:
- Implemented a Budgeting Tool for departments within a short span of 6 months
- Streamlined the Accounting operations & Compliance Function and brought about accuracy and timeliness in accounting within a short span of one month.
- Implemented a Daily Liquidity Statement for continuous monitoring of liquidity
- Implemented Liquidity Forecasts process at a PAN India level across all Regions and Functions of the Chamber
- Headed ERP implementation and digitization initiatives
- Implemented payment gateway for membership collections within a short span of 1 month
Head – Accounts & Taxation
GM MODULAR PVT LTD
04.2017 - 12.2023
- Headed Accounts, Finance, and Taxation departments for GM Modular and group companies with revenues of INR 2KCr assisted by a 30-member team.
- Led the IND AS implementation project, aiming at setting the company on a roadmap towards an IPO.
- Directed all functions related to accounting, financial & commercial strategies, cash flow and funding requirement, financial reporting, optimal capital structure, risk management and timely completion of tax assessments/tax filings.
- Led implementation of systems, policies & procedures to facilitate internal financial control.
- Led annual budgeting initiatives. Developed reports for the leadership team by providing succinct summaries on business performance on financial and operational KPIs
- Aided and directed the preparation of strategic plans, budgets, and financial forecasts
- Key Highlights:
- Improved productivity of the department 2-fold by setting up processes and policies, resulting in a 180 change.
- Brought about a complete transformation within the Accounts & Finance department by creating a niche position for self and getting the old team aligned to new methods/processes of working.
- Drove and implemented SOPs and audits within the company by engaging a professional firm for setting up SOPs.
- Significantly improved the quality of accounting processes and achieved timely monthly & yearly financial closure by establishing SOPs and control & review processes.
- Core Member of the Finance team for SAP implementation and migrating data from legacy systems to ERP systems within the shortest possible time.
- Introduced topmost Tax and RBI Consultants in the company, which led to effective decision-making.
- Managed Income Tax department investigation – provided required details to Tax Authorities for all group companies for a period of 8 years within the shortest possible time of 2 days.
- Implemented and initiated various processes to improve communication within the team and the company by setting up an email communication culture within the team.
- Initiated meetings of Depot Heads and Depot Accountants at the Corporate office which resulted in improved communication between PAN India branches and Corporate Departments while resolving issues promptly
Manager – Accounts & Finance (Section Head)
ASB INTERNATIONAL PVT LTD
11.2012 - 02.2017
- Spearheaded all financial & compliance operations of the department, including budgeting, costing systems, audits, etc., for the Japanese MNC.
- Capably dealt with all aspects related to local & foreign currency loans for working capital, imports, Forex sourcing & management.
- Liaised with tax authorities/tax consultants for acceptance and conclusion of assessments and Tribunal appeals.
- Implemented budgetary controls and financial monitoring via monthly reporting systems, variance analysis, receivables management, funds/cash flow forecasts.
- Spearheaded the Capitalization process during the setup of the new factory site.
- Key Highlights:
- Implemented new and innovative processes within the department, such as strong budgeting systems, cash flow &cash management systems, and cost management systems.
- Tactically negotiated and liaised with banks and financial institutions for raising funds & non-fund-based facilities on favorable terms to meet working capital requirements.
- Efficiently handled global audits, such as Deloitte Japan SOP Audit, and other Big 4 Audits.
Finance Controller
PAYTRONIC NETWORK PVT LTD
08.2011 - 11.2012
Sr. Manager – Finance
GRIFFIN MARINE TRAVELS PVT LTD
08.2010 - 08.2011
Manager – Corporate Planning
LARSEN & TOUBRO INFOTECH LTD
01.2006 - 09.2007
Manager – Accounts
PATNI COMPUTER SYSTEMS LTD
01.2001 - 12.2005
Finance Executive
CROMPTON GREAVES LTD
06.1996 - 01.2001
Finance Officer
OCTOPUSY EXPORTS LTD
12.1995 - 06.1996
Articled Clerk
A F FERGUSON & CO
07.1992 - 07.1995
Education
Chartered Accountant -
05.1995
CXO Leadership Certification -
10.2024
Diploma in IFRS -
12.2015
B Com -
05.1992
Skills
Effective problem resolution
Budget control
Organizational strategy development
Effective change implementation
Critical analysis
Legal and regulatory compliance
Financial reporting
Non-profit leadership
Performance management
Financial analysis
Risk management
Project management
People management
Software
PeopleSoft
Business Central
Microsoft CRM
Tally
Amadeus
Customized ERP
Certification
CXO Leadership Certification
Timeline
CXO Leadership Certification
10-2024
Director – Finance & IT - Indo-German Chamber of Commerce
01.2024 - 11.2025
Head – Accounts & Taxation - GM MODULAR PVT LTD
04.2017 - 12.2023
Manager – Accounts & Finance (Section Head) - ASB INTERNATIONAL PVT LTD
11.2012 - 02.2017
Finance Controller - PAYTRONIC NETWORK PVT LTD
08.2011 - 11.2012
Sr. Manager – Finance - GRIFFIN MARINE TRAVELS PVT LTD
08.2010 - 08.2011
Manager – Corporate Planning - LARSEN & TOUBRO INFOTECH LTD
01.2006 - 09.2007
Manager – Accounts - PATNI COMPUTER SYSTEMS LTD
01.2001 - 12.2005
Finance Executive - CROMPTON GREAVES LTD
06.1996 - 01.2001
Finance Officer - OCTOPUSY EXPORTS LTD
12.1995 - 06.1996
Articled Clerk - A F FERGUSON & CO
07.1992 - 07.1995
Institute of Chartered Accountants of India - Chartered Accountant,
Cornell University - CXO Leadership Certification,
Association of Chartered Certified Accountants - Diploma in IFRS,
Mulund College of Commerce - B Com,
STRATEGIC IMPACTS
- Stakeholder engagement with Promoters/Top Management at reputed Indian Corporates and MNCs to provide strategic solutions, manage change, increase financial efficiencies, streamline financial systems and implement financial controls.
- Long-standing experience of Big 4 engagements as audits, Ind AS (IFRS) implementations, SOX Audits, and internal Financial Control implementations.
- Instrumental in inducting the Big 4 Consultancy firm, Deloitte, to improve accounting & financial statement presentation– first such Big 4 Engagement for the company. Astutely negotiated fee structure at 50% of original quote.
- Achieved major fee waivers and reductions with professionalism firms during the lockdown and led the Cost Waivers/reduction project in other areas like rentals/marketing budgets, etc., by collaborating with multiple departments.
- Tactfully resolved pending foreign capital repatriation stuck at a foreign bank for many years @ Grimfine Marine.
- Generated huge service tax credits missed by the company previously by correcting the Service Tax processes.
- Paved the way for the company in the IPO journey by anchoring SBU performance reviews and Board presentations, which resulted in their view of the company’s performance, and helped in IPO preparedness @ L&T Infotech.
- ‘Performer of the month’ award by McKinsey & Co, the world’s #1 consultancy, for IPO preparedness projects (SBU Performance Management).
- As Offshorization In-charge, saved major resource costs in foreign countries; as Offshore Controller for a UK subsidiary, helped bring cost controls @ Patni Computers.
- Capably handled the Transfer Pricing compliance for Patni and its global subsidiaries in the US, UK, and Germany.
- Implemented a crucial Funds Management system – the daily Fund Flow Statement and Foreign LC Control Statement @ Crompton.
- Avoided large financial penalties and loss of company reputation due to LC repayment defaults by introducing the LC Tracking System.
- Helped SME companies in implementing accounting and cash management systems
CONSULTING EXPERIENCE
- Worked with top consultancy firm/s, i.e. McKinsey & Co and Big 4 Firms, reputed Indian Corporates & MNCs, Promoters, and stakeholders.
- Set up an independent practice in financial consulting providing cutting-edge solutions to clients; networked extensively and acquired business of accounting & finance consultation to SMEs by helping them set up their accounts, cash/fund flow management systems, costing systems, business plans and private equity.
- Harnessed rich experience in Finance Operations and Finance Strategy to provide strategic support and strengthen financial operations.
- Shared information with IT Consultants during the Tax Appeal filing phase within the deadline of 2 weeks, through time-bound planning of team activities and quick issues resolution.
- Facilitated internal financial control by designing and implementing financial and operational controls and processes
- Presented financial statements at legal entity and consolidated level as per Indian and global accounting standards.