Venkata Krishna Martha
Dy. General Manager (Finance)
Chennai
Summary
Dy. General Manger (Finance) with 19 Years of experience and Strong leader and problem-solver dedicated to streamlining operations to decrease costs and promote organizational efficiency. Uses independent decision-making skills and sound judgment to positively impact company success.
Overview
20
20
years of professional experience
2
2
years of post-secondary education
4
4
Languages
Work History
Section Head -Concurrence/Budget/Treasury/Audit
NTPC RENEWABLE ENERGY LIMITED
Greater Noida
2021.09 - Current
- Supervised and Handled cross-functional teams for concurrence of Procurement and Works Proposals for Renewable Energy Group.
- Collaborated with Contracts & Procurement department for award of solar and wind projects of 8 GW following public procurement guidelines.
- Reduced budgetary expenditures by effectively negotiating contracts for more advantageous terms.
- Mitigated business risks by timely award of contracts and Implementation of new package philosophies in Renewable Energy sector by reporting issues to higher management with great detail and contributed towards capacity addition of 8GW.
- Arrangement of Term Loan facility of Rs. 8000 Cr for Renewable Energy Group of NTPC.
- Arrangement of Green Loan with JBIC for JPY 15 Billion.
- Obtained 'AAA' Credit Rating for Debt facility of Rs. 20000 Cr.
- Submission of Capex/Opex Budget and analysis with actual expenditure.
- MIS reports to higher management.
- Handling of Internal Audit and Performance Audit (CAG) of Company.
Sr Manager (Finance)
Vallur Thermal Power Plant, NTPC
Chennai
2019.01 - 2021.08
- Purchase and Stores Bills Section- Handled payments against Purchase orders, Accounting of SRV, SIV and preparation of PSL.
- Loan Accounting, Debt Servicing of Term Loans and WCDL and Preparation of Bank Reconciliation Statements.
- Arranged Rs. 1700 Cr of Working Capital Loans with Banks.
- Handled Capex loan of Rs. 6000 Cr with REC and creation of charge.
- Successful completion of swapping of Phase II Loan of REC for Rs. 1518 Cr with less rate of Interest.
- Arrangement of Bill Discounting facility for Rs. 1000 Cr in various tranches by floating RFP for clearance of pending bills with TANGEDCO.
- Handled Credit rating of company with CARE and improved the credit rating of company with realization of debtors through Bill Discounting facility.
- Handled Cost Audit of company.
- Handled Physical verification audit of company and submission of reports to internal auditors.
- Dealing with Statutory Auditors, CAG auditors and GST Auditors.
- Co-Ordinator for Implementation of SAP- FICO module and GO live on 01.04.2021.
Dy.Manager, Manager (Finance)
Vallur Thermal Power Plant, NTPC
Chennai
2008.04 - 2018.12
- Capitalization of 3 units of Vallur thermal power plant 3*500 MW.
- Preparation of Capital Budget and O&M Budget and variance analysis.
- Preparation of Tariff formats and Filing of Tariff petition with CERC for Tariff order and Submission of actual capex data and True up petition filing with CERC.
- Reconciliation of balances with Domestic coal suppliers and Import coal suppliers.
- Preparation of Form-15 and Form-19 as per CERC regulations for monthly billing to customers.
- Accounting of Revenue Bills and Reconciliation with Customers.
- Preparation of monthly cost sheet and MIS reporting with variance analysis.
- Physical verification of Coal stock at Ports and Coal yards quarterly.
- Processing of Shipping bills of Poompuhar Shipping Corporation.
- Handling of Monthly Finance review meeting with management.
- Filing of GST returns, TDS returns.
- Handled Closure of Books of Accounts, Statutory Audit and CAG Audit and obtained nil comments during audit.
- Implementation of FINMAT module. .
Officer (Finance)
North Karanpura Super Thermal Power Plant, NTPC
Ranchi
2005.06 - 2008.03
- Processing of Payroll and Employee claims, processing of Employee loans and Interest calculations and submission of Employee provident fund data to PF trust maintained at Corporate Centre.
- Finalization of accounts at plant level.
- Arrangement of funds from Corporate Centre.
- Processing of payments related to land acquisition activity and vendor payments.
- Income Tax calculations and TDS returns filing at project level.
- Implemented successfully in-house developed oracle module software for Financial Accounting.
Executive Trainee
Power Management Institute, NTPC Ltd.
Noida
2004.09 - 2005.05
- Six months class room training: Familiarization of thermal power plants, plant visits.
- Three months on-job rotational training in various Finance roles at Ramagundam Super Thermal Power plant.
Education
ACMA - ICWAI
INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA
KOLKATA 1998.09 - 2003.12
Bachelor of Commerce - Financial Accounting
NAGARJUNA UNIVERSITY
VIJAYAWADA 2000.04 - 2003.06
No Degree - INTERMEDIATE
APRJC, NIMMAKURU
ANDHRA PRADESH 1996.06 - 1998.04
Skills
Relationship building
Additional Information
For Faster Growth in Renewable Sector Implemented new Packaging philosophy in line with Public procurement guidelines.
Implementation of Bill Discounting facility in NTPC Tamilnadu Energy Company Ltd for cashflow management.
Arrangement of Rs. 2000 Crore Unsecured Loan and 3000 Cr secured loan for various renewable projects.
Arrangement of JBIC loan for renewable energy projects.
Hobbies
Reading Books, Watching Movies.
Timeline
Section Head -Concurrence/Budget/Treasury/Audit
NTPC RENEWABLE ENERGY LIMITED
2021.09 - Current
Sr Manager (Finance)
Vallur Thermal Power Plant, NTPC
2019.01 - 2021.08
Dy.Manager, Manager (Finance)
Vallur Thermal Power Plant, NTPC
2008.04 - 2018.12
Officer (Finance)
North Karanpura Super Thermal Power Plant, NTPC
2005.06 - 2008.03
Executive Trainee
Power Management Institute, NTPC Ltd.
2004.09 - 2005.05
Bachelor of Commerce - Financial Accounting
NAGARJUNA UNIVERSITY
2000.04 - 2003.06
ACMA - ICWAI
INSTITUTE OF COST AND WORKS ACCOUNTANTS OF INDIA
1998.09 - 2003.12
No Degree - INTERMEDIATE
APRJC, NIMMAKURU
1996.06 - 1998.04
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