VD Raju
Hyderabad,TG
Summary
Performance-driven Vice President and CFO with 20 years of experience aligning systems with business requirements, policies, and regulatory requirements. Passionate about applying excellent organization and communication skills to manage and lead teams. Results-oriented individual well-versed in interfacing and consulting on business processes to drive results based on sound overall business judgment.
Overview
21
21
years of professional experience
Work History
VP Finance
Kofluence Tech Private Limited
07.2023 - Current
- Hired and managed employees to maximize productivity while training staff on best practices and protocols.
- Cultivated a high-performance culture within the organization by setting clear expectations for employees at all levels, providing regular feedback, and recognizing achievement.
- Championed change management initiatives within the organization to ensure smooth transitions during periods of growth or restructuring.
- Led a cross-functional team to develop and launch a new product line, contributing to significant growth in sales.
- Collaborated closely with various department heads on strategic planning initiatives to ensure alignment between corporate goals.
- Managed Influencer Marketing campaigns for almost 50 plus brands effectively
- Closely worked with more than 40 agencies and infinite number of influencers in delivery.
- Handled political campaigns with a schedule and budget.
- Revised corporate policies and procedures to ensure compliance with evolving industry regulations, mitigating potential risks.
- Established and maintained strong relationships with customers, vendors and strategic partners.
- Managed financial, operational and human resources to optimize business performance.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Maintained P&L and shouldered corporate fiscal responsibility.
- Created succession plans to provide continuity of operations during leadership transitions.
- Founded performance- and merit-based evaluation system to assess staff performance.
- Negotiated favorable contracts with vendors, securing advantageous terms for the company while maintaining strong professional relationships.
- Introduced process improvements that reduced operational costs while maintaining high-quality standards across all departments.
- Resolved issues and recommended actions based on production and compliance reports.
Partner CA
M/s. DM Rao & Co
12.2021 - 06.2023
- Handled VCFO functions for 4 groups consisting of 12 companies and 2 firms
- Bank Statutory Audits of PSU Banks
- Financing Arrangements for clients (Working Capital limits, CC limits and Term Loans)
- Internal Audits of Companies into Private Sector and Public Sector
- Tax Planning for Companies, Firms and Individuals
- GST Annual Returns and Audit of GST
- Due Diligence reports for companies
- Forensic Audits (Employee Fraud) on the request of clients
- Business Development - reaching new clients for various services of CA and CS
- Training the employees on latest amendments in Finance and Tax Reporting
- Handling a team size of 20 employees and 200 plus client base including of Corporates, Non Corporates and Individuals
- Coordinated smooth operation of monthly payroll, facilitating timely employee payments
- Established and maintained productive client relationships
- Administered payroll for employees and oversaw corporate payroll reconciliation and tax activities to deliver timely deadlines
- Prepared management accounts and budget-holder reports, identifying significant trends and variances
- Spearheaded transition to automated billing functions, leading team to comply with changes
- Created internal controls and corrective actions to reduce risk or deficiencies
- Addressed asset transfers, lender and equity requests and audit inquiries to provide information of assessments
- Facilitated analysis and audit of financial records and recordkeeping by finance departments of each institution following federal regulations and generally accepted accounting principles
- Provided guidance, training and leadership to employees to shape goals and meet targeted objectives
- Executed year-end audits, working with external auditors to confirm clean financial audits and implementing any improvement.
- Provided outstanding service to all individuals, promoting effective, and lasting business relationships.
- Achieved successful client outcomes by identifying and addressing their unique needs and goals.
- Networked with other professionals and organizations to expand contacts and opportunities.
- Monitored partner performance and provided feedback on areas of improvement.
- Negotiated settlements, achieving mutually satisfactory resolutions for clients involved in disputes.
- Prepared and presented reports on status of projects and initiatives.
- Interviewed and selected jurors to verify competency and lack of biases, presenting challenges for cause to dismiss unfit candidates.
Chief Finance Officer - Consultant
Andhra Pradesh MedTech Zone Limited
05.2020 - 12.2021
- Heading the Finance department of the organization along with its 3 subsidiaries
- Adhering to General Financial Rules applicable to Government Organizations while preparing and submitting the Financial Statements
- Updating the PFMS on a monthly basis and submission of UC (Utilization Certificate) to different bodies with respect to the grants received from the bodies
- Monthly compliance with various statutory obligations (GST and Income Tax)
- Handling a Team size of 30 both direct and indirect reporting resources
- Reporting to the CEOs of the respective entities within the group
- Budgeting and Planning for the resources and proper allocation and utilization of the resources
- Coordinated smooth operation of monthly payroll, facilitating timely employee payments
- Identified financial data discrepancies, investigated causes and proposed solutions
- Oversaw all financial business affairs, verifying they are conducted legally and professionally with full regulatory compliance
- Kept up-to-date with changes in financial regulations and legislation that may impact company or future financial decision-making
- Updated company financial policies and procedures to enhance internal control over accounting and other management systems.
Chief Finance Officer
M/s Soniks Consulting Services Private Limited
10.2018 - 05.2020
- Heading the Entire Finance Department of the company and its 3 group companies
- AP and AR management of the organization
- Participated in designing and developing an HRMS Module
- Ensuring smooth implementation of the module at various clients' place
- Visits to the client place to ensure smooth running of the HRMS module implemented by our team
- Worked with a team size of 10
- Direct Reporting to CEO of the respective entities within the group
- End to End Accounts maintenance
- Monthly compliance with various statutory obligations (GST and Income Tax)
- Established and maintained productive client relationships
- Coordinated smooth operation of monthly payroll, facilitating timely employee payments
- Carried out business modeling and risk assessments to identify potential pitfalls before they happen
- Kept up-to-date with changes in financial regulations and legislation that may impact company or future financial decision-making
- Identified opportunities for cost-reduction and conducted reviews and evaluations to assess impact and feasibility
- Oversaw all financial business affairs, verifying they are conducted legally and professionally with full regulatory compliance
- Oversaw investments, operating cash, credit cards, and all treasury functions
- Updated company financial policies and procedures to enhance internal control over accounting and other management systems.
Partner - Chartered Accountant
M/s Sarath and Associates
07.2013 - 09.2018
- Handled various audits as a team member along with the Chartered Accountant of the firm
- Handled incorporation of various companies
- Documentation for Tax scrutiny and assessments
- Active member of the team in Internal Audit Assignments.
Sr Manager - Finance and Taxation
Harsco India Services Private Limited
11.2011 - 06.2013
- Heading the Entire Finance Department of the company
- AP and AR management of the organization
- Compliance with STPI Requirements
- Participated in the implementation of Oracle R12 in-house
- Ensuring smooth implementation of the Oracle R12
- Hands-on exposure to working with Hyperion Financial Management
- Worked with a team size of 10
- Direct Reporting to CEO
- End to End Accounts maintenance
- Monthly compliance with various statutory obligations (GST and Income Tax)
- Budgeting and Planning for the resources and proper allocation and utilization of the resources.
Associate - Chartered Accountant
M/s Sarath and Associates
07.2009 - 11.2011
- Handled various audits as a team member along with the Chartered Accountant of the firm
- Handled incorporation of various companies
- Documentation for Tax scrutiny and assessments
- Active member of the team in Internal Audit Assignments.
Manager - Finance and Taxation
M/s. Unisys India Private Limited
07.2008 - 07.2009
- Handled the newly set up company at DLF city Hyderabad
- Instrumental in getting all the SEZ related approvals from Customs
- Worked on Oracle 11i for Finance and Accounts
- Direct and Indirect Tax (excise, customs, and service tax) compliance
- Managed a team size of 4
- Handled the Statutory and Internal Audits effectively to receive a Green Report.
Manager - Finance
M/s India Insurance Risk Management and Insurance Broking Services Private Limited
02.2005 - 06.2008
- Handled Finance department of the company
- Instrumental in completing the audits under IRDA and under Cos Act
- Worked on Focus 5.0 and Microsoft Dynamics (Accounting Package)
- Direct and Indirect Tax compliance
- Managed a team size of 7
- Handled the Statutory and Internal Audits effectively and received clean audit reports.
Associate
M/s. Sarath and Associates
09.2003 - 02.2005
- Handled various audits as a team member along with the Chartered Accountant of the firm
- Handled incorporation of various companies
- Documentation for Tax scrutiny and assessments
- Active member of the team in Internal Audit Assignments.
Education
Diploma in IFRS - IFRS
KPMG
Chartered Accountant - Corporate Accounting
Institute of Chartered Accountants of India
Bachelor of Commerce - Finance and Management
Andhra University
MBA - Finance and Management
Bhartiyaar University
12.2017
Cost Accountant - Management Accountancy
Institute of Cost Accountants of India
12.2016
Company Secretary - Corporate Laws
Institute of Company Secretaries of India
12.2006
Certified Forensic Auditor - Financial Accounting and Taxation
Institute of Chartered Accountants of India
11.2005
Skills
- Corporate Financial Reporting
- Raising Finance
- Statutory, Internal and Forensic Audits
- Statutory Compliances
- Direct and Indirect Taxes
- Computer Based Audit and Accounting
- Operations Management
- Corporate Communications
- Project Management
- Revenue Generation
- Growth planning
- Report Preparation
- Cross-Functional Collaboration
- Process Improvements
- Management Team Leadership
Languages
English
Telugu
Hindi
Children
3
Otheractivities
- Member of Rotary Club
- Member of JCI
- Member of I-Focus Mission
- Mentor and Faculty to CA/CS/CMA and MBA Courses
- Certified Fitness Trainer and Yoga Practitioner
- Actor in Short Films and a Zumba Dancer
- Author for Articles in Visakhapatnam Branch of ICAI on Forensic Audits
Personal Information
- Age: 44 Years
- Marital Status: MARRIED
Timeline
VP Finance
Kofluence Tech Private Limited
07.2023 - Current
Partner CA
M/s. DM Rao & Co
12.2021 - 06.2023
Chief Finance Officer - Consultant
Andhra Pradesh MedTech Zone Limited
05.2020 - 12.2021
Chief Finance Officer
M/s Soniks Consulting Services Private Limited
10.2018 - 05.2020
Partner - Chartered Accountant
M/s Sarath and Associates
07.2013 - 09.2018
Sr Manager - Finance and Taxation
Harsco India Services Private Limited
11.2011 - 06.2013
Associate - Chartered Accountant
M/s Sarath and Associates
07.2009 - 11.2011
Manager - Finance and Taxation
M/s. Unisys India Private Limited
07.2008 - 07.2009
Manager - Finance
M/s India Insurance Risk Management and Insurance Broking Services Private Limited
02.2005 - 06.2008
Associate
M/s. Sarath and Associates
09.2003 - 02.2005
Diploma in IFRS - IFRS
KPMG
Chartered Accountant - Corporate Accounting
Institute of Chartered Accountants of India
Bachelor of Commerce - Finance and Management
Andhra University
MBA - Finance and Management
Bhartiyaar University
Cost Accountant - Management Accountancy
Institute of Cost Accountants of India
Company Secretary - Corporate Laws
Institute of Company Secretaries of India
Certified Forensic Auditor - Financial Accounting and Taxation
Institute of Chartered Accountants of India
Similar Profiles
Pranav PPranav P
Senior Analyst - Operations at Kofluence Tech Pvt LtdSenior Analyst - Operations at Kofluence Tech Pvt Ltd
Navneet AmanNavneet Aman
Business Manager | Influencer Marketing at Kofluence Tech Pvt LtdBusiness Manager | Influencer Marketing at Kofluence Tech Pvt Ltd
Nikhil Varma GajavalliNikhil Varma Gajavalli
Process Associate at Energy Tech Global Private LimitedProcess Associate at Energy Tech Global Private Limited
AVINASH NAROTEAVINASH NAROTE
Security Consultant - Information Security at Tech MahindraSecurity Consultant - Information Security at Tech Mahindra
Sailekshmi PraveenSailekshmi Praveen
Platforms Analyst at Google Operations CenterPlatforms Analyst at Google Operations Center