Hi, I’m
Varadharajan Senthil Kumar
Tiruvallur
Summary
Offering ~20 years of rich experience, specializing in financial control, strategic planning, and regulatory compliance. Successfully led the integration of 2 major entities, driving operational synergies and expanding market presence. Demonstrated financial forecasting, budgeting, and MIS reporting expertise, ensuring accuracy and informed decision-making. Proficient in managing audits, taxation, and compliance with Indian Accounting Standards (Ind AS), consistently improving financial reporting integrity. Proficient at cash management, cost-benefit analysis, and cross-functional coordination, delivering actionable insights to drive business growth and financial stability. Adept at fostering stellar business relations with cross-functional teams to provide compelling value to stakeholders.
Overview
28
years of professional experience
Work History
M/s. Ammega Belting India Pvt. Ltd.
Finance Controller
12.2020 - 07.2024
Job overview
- Spearheaded the successful integration of Ammeeral Beltech India Private Limited with M/s
- Helicord Transmission Pvt
- Ltd
- In Apr’21 leading to significantly improved operational synergies and enhanced the market presence of the organization
- Led the development of the company's annual budget, ensuring alignment with corporate strategy and financial objectives
- Achieved 85% alignment with financial objectives through strategic budget planning
- Reduced budget variance inaccuracies by 8% through effective financial forecasting
- Realized 10% cost savings through effective adjustments
- Managed financial forecasting and conducted budget variance analysis to guarantee accuracy and prompt adjustments
- Oversaw preparation of Management Information System (MIS) reports, providing critical data for strategic decision-making
- Improved MIS report preparation efficiency by 98%, enhancing decision-making through strong analysis of material consumption, COGS, and inventory on hand
- Enhanced strategy execution by improving inventory control and reducing the rejection rate of finished goods
- Led compliance audits with a 96% success rate in adherence to Indian Accounting Standards (Ind AS)
- Guaranteed the accuracy & integrity of periodical and annual financial statements, maintaining high standards of financial reporting
- Improved financial statement accuracy through enhanced balance sheet reconciliation and fixed asset control
- Conducted in-depth evaluations of projects and cost centers, analyzing cost-benefit metrics to determine feasibility and financial impact
- Evaluated Capex investment projects with 80% accuracy in assumptions, leading to well-prepared business cases
- Optimized cash flow management, achieving a 70% improvement in cash reserves and liquidity
- Regularly reviewed financial performance and provided actionable insights to support strategic planning and business growth
- Conducted monthly reviews contributing to a 10% growth in revenue recognition through financial insights
- Managed a team of 5 members and coordinated with 3 internal stakeholders (COO, MD, Marketing Manager) and 3 external stakeholders (company shareholders)
M/s. Taeyang Metal India Private Limited
Sr. Manager – Finance
06.2019 - 12.2020
Job overview
- Spearheaded the finance and accounting departments, ensuring meticulous maintenance of statutory books in strict compliance with Ind AS and all regulatory requirements
- Prepared and submitted statutory financial statements for 2 calendar years, achieving 100% on-time submissions for India Statutory compliance
- Generated and submitted MIS reports related to expenses, consumables, and cost center assets, providing actionable insights for strategic decision-making
- Improved decision-making process through MIS reports led to cost reductions in freight charges
- Managed vendor payments with a 40% reduction in reconciliation discrepancies and an 80% improvement in timely follow-ups
- Managed GST filings with a 99% success rate in avoiding penalties and reducing risks from tax notices
- Oversaw 10 audits, with 95% completed without major issues, improving audit timelines and compliance
- Achieved 100% reduction in financial or legal risks through compliance with Accounting Standards, the Companies Act, and tax regulations, avoiding regulatory fines
- Instrumental in the preparation of budgets and forecasts, monitoring funds flow within set parameters to support effective financial planning
- Conducted cost-benefit analyses to evaluate the feasibility and financial viability of projects and cost centers
- Prepared budgets of 100 crore and forecasts of 95 crore, with 85% accuracy in variance from actuals, enhancing financial planning accuracy
- Performed 6 cost-benefit analyses on projects and material consumption, adding 10-15% in cost savings and improving ROI and project viability assessments
- Successfully managed complex taxation issues and coordinated with tax authorities, leading to seamless GST filing and resolution of tax notices, while also effectively handling audits to ensure compliance with all regulatory standards
- Handled complex taxation issues including a 5-year GST audit and a Customs Special Valuation Branch case, saving 20% in tax penalties
M/s. Venture Automotive India Private Limited
Manager - Finance and Accounts
07.2017 - 06.2019
Job overview
- Key role in SAP implementation for inventory, improving accuracy and cost efficiency
- Managed monthly closures, reconciliations, and journal entries
- Prepared Profit & Loss Statements, Balance Sheets, and annual budgets
- Coordinated audits, managed Excise, VAT, Service Tax, and finalized books with auditors
- Monitored receivables, forecasted collections, and reconciled inventory quarterly
M/s AV Light Automotives India Pvt. Ltd.
Manager – Accounts & Finance
05.2015 - 06.2017
Job overview
- Led financial reporting and analysis, ensuring adherence to regulatory standards
- Directed accounts payable & receivable operations, enhancing cash flow and strengthening vendor relationships
- Crafted and executed budgeting and forecasting models to aid strategic decisions
- Performed financial audits and evaluated internal controls to identify and address potential risks
- Facilitated annual audits with external auditors, ensuring timely and accurate financial statements
JCBL Marrel Tippers Pvt Ltd.
Accounts Officer
11.2011 - 04.2015
Job overview
- Maintained statutory accounts, including journals, ledgers, and cash/bank books, ensuring precision and regulatory compliance
- Compiled financial statements, such as P&L accounts and balance sheets, to accurately reflect the company's financial status
- Designed and oversaw general ledger and financial reporting processes, ensuring timely adherence to accounting standards
- Administered VAT, Service Tax, TDS, and Excise, ensuring compliance with regulatory requirements
- Supported the Store Manager by tracking inventory, coordinating dispatches, and generating related reports
Samco Metals and Alloys Ltd.
Accounts Executive
06.2000 - 10.2011
Pandiyan & Co.
Account Assistant
08.1996 - 04.2000
Education
University of Madras
CMA Certification
11.2024
University Overview
Currently Preparing for Stage II
Institute of Cost and Works Accountants of India (ICWAI)
Stage I
12.2015
University of Madras
B.Sc. from Computer Science
01.1993
Skills
- Financial Management & Leadership
- Financial Control
- Financial Statement Preparation
- Annual Budget Preparation
- Budgeting and Forecasting
- MIS Reporting
- Statutory Compliance
- Compliance Assurance
- Funds Flow Management
- Cost-benefit analysis
- Performance Management
- External Audits
- Internal Controls
- Tax Compliance
- Accounts & Books Finalization
- Subsidiary Integration
- Inventory Management
- General Ledger Management
- Cost and Management Audits
- Tax and Compliance Oversight
- Compliance Support
- Stakeholder Management
- Cross-functional Coordination
- Team Management
Timeline
Finance Controller
M/s. Ammega Belting India Pvt. Ltd.
12.2020 - 07.2024
Sr. Manager – Finance
M/s. Taeyang Metal India Private Limited
06.2019 - 12.2020
Manager - Finance and Accounts
M/s. Venture Automotive India Private Limited
07.2017 - 06.2019
Manager – Accounts & Finance
M/s AV Light Automotives India Pvt. Ltd.
05.2015 - 06.2017
Accounts Officer
JCBL Marrel Tippers Pvt Ltd.
11.2011 - 04.2015
Accounts Executive
Samco Metals and Alloys Ltd.
06.2000 - 10.2011
Account Assistant
Pandiyan & Co.
08.1996 - 04.2000
University of Madras
CMA Certification
Institute of Cost and Works Accountants of India (ICWAI)
Stage I
University of Madras
B.Sc. from Computer Science
Similar Profiles
Shanmugam MoorthyShanmugam Moorthy
Supply Chain Manager at Ammega Belting India Pvt Ltd.Supply Chain Manager at Ammega Belting India Pvt Ltd.
Veronika KupkovicovaVeronika Kupkovicova
R&D Chemical Engineer at AMMEGA BELTING, S.A.U.R&D Chemical Engineer at AMMEGA BELTING, S.A.U.
Scott KlimachScott Klimach
Fabricator at Spark BeltingFabricator at Spark Belting