Vilas Ramakrishna Choudhari
CMA
Chinchwad, Pune,MH
Summary
Dynamic finance professional with extensive experience at Wheels India Ltd, excelling in forecasting and budgeting. Proven track record in financial reporting and risk management, achieving timely compliance and significant cost savings. Adept at leveraging advanced Excel skills and team leadership to drive efficiency and enhance financial performance.
Overview
25
25
years of professional experience
Work History
Sr Manager Finance Controller
WHEELS INDIA LTD
Ranjangaon
01.2021 - Current
- Company Overview: Listed Company (TVS Group of Company)
- Last Year Turnover more than INR 500 Cr for FY 24-25
- Product: Four Wheels Manufacturing, LP, CV & Tractors
- Supply to M&M, VECV, TML, John Dear etc
- Accounts Finalization
- Ledger Scrutiny Accounting, Profit and Cost Centre
- Demonstrated proficiency in establishing and managing monthly provisions to accurately forecast Monthly closing
- Actuarial Valuation of Gratuity & Leave Encashment
- Accuracy of monthly MIS align with Publish quarterly results
- Led the process of balance sheet finalization in accordance with Ind AS (Indian Accounting Standards), ensuring compliance with regulatory requirements and industry best practices
- To Implement enhance internal control in organization
- Coordination with Internal and External Auditor (BDO) on Quarterly and Annually Basis
- Cost & Management Budgeting and Budgeting Control & Variance
- Forecasting
- Conducted comprehensive analysis of Store Cost, M&R expenses, Manpower Cost, Power and Fuel expenses, Freight Expenses and Raw Material (RM) Cost to identify trends, cost drivers, and areas for optimization
- Inventory Management Inventory turnover ratio and Target Inventory Vs Actual Inventory
- Prepare Cost Audit data
- Finance Management Developing and Implementing Revenue forecasting Model of Cash Flow and Actual Cash flow
- Comprehensive review of Accounts Receivable and reduce billing error and speedy recovery
- Debtors Aging, conducted follow-ups with internal stakeholders and identify root causes of delay and implement corrective actions to prevent recurrence
- Review of Accounts Payable, Creditors’ aging, ensure MSME Payment in time
- Transfer Pricing-Arm Length Price
- Proven experience in Risk identification and Risk mitigation strategy
- GST Verification and compliance
- Proficient and verifying GST Calculation for GSTR-1 like B2B, B2C and Export sales
- Conducted rigorous reconciliation of IRN data, E-way bill data, and sales register to ensure consistency and accuracy across financial records
- Verified the reconciliation between GSTR-2B data and the purchase register to ensure accuracy and compliance with GST regulations
- Identifying non-GST return filers and halting their payments involves several steps and considerations, primarily centered on compliance and legal regulations
- Independently handle GST Scrutiny Notice like ASMT-10, ASMT-14 and GST Dept Audit ADT-1, GSTR-9 and GSTR-9 Annual return
- Successfully addressed and resolved previous GST Department notices by conducting thorough reviews of tax filings, identifying areas of non-compliance, and implementing corrective actions to rectify errors
- Listed Company (TVS Group of Company)
- Last Year Turnover more than INR 500 Cr for FY 22-23
- Product: Four Wheels Manufacturing, LP, CV & Tractors
- Supply to M&M, VECV, TML, John Dear etc
Sr Manager Accounts
Badve Engineering Ltd
Pune
09.2016 - 01.2021
- GST Returns and compliance
- Liaise with statutory auditors to ensure regulatory compliance and provide an effective audit trail
- Half yearly Balance-sheet Monthly MIS Report Profit & Loss Account
- Prepare budget forecast for revenue, expenses, gross margins and profits
- To ensure appropriate provisions are created before month & quarter end process
- Debtor’s Aging, Short Payment Reporting & its follow-up on forth nightly
- Accounts Payable on fortnightly & ensure their timely payment
- Balance sheet finalization in accordance with GAAP and AS
- Ensure timely payment of Statutory Dues (TDS, GST, Advance Income tax) and its Compliance
- To ensure maintain appropriate Insurance Coverage of All Assets
- To ensure all Loan Installment on due date and Repayment of On-line Bill discounting Portals
- Monthly Submission of Stock Statement and its Calculation of DP (Drawing Power) to Banker
- To download CIBIL Report of all Group of Companies & Analysis of Report on Quarterly Basis
- Dealing with credit rating agencies and assessment done
- Implementation of SOP & Maintenance of Internal Control Systems
- Monitor A/R & A/P
- Debtors Balance Confirmation
- Balance sheet finalization in accordance with GAAP (General Acceptable Accounting Principles)
Finance & Accounts Manager
Nichrome India Ltd
Shirwal
04.2009 - 09.2016
- Company Overview: India’s leading Packing Machine Manufacturing Company & Solution
- Customer ITC, Nestle, Chitale etc
- Maintaining books of Accounts as per Accounting Principles
- Monitor Bank Reconciliation (BRS) & Ledger Scrutiny
- Liaising with Internal & Statutory Auditors
- Closing Stock Valuation as per AS-2 NRV Basis
- Maintaining Fixed Assets Register as per Company Act 2013
- Preparation of Monthly timely MIS Report
- Independently finalization Balance sheet on Yearly & Half yearly basis
- Preparation of Sale Forecasting & Annual Budgeting
- Analysis of Actual Income Vs Budgeted Income
- CMA Data preparation for rising Cash Credit Limit
- Financial Ratio Analysis, Inventory Turnover Ratio, DSO & DPO
- Ensure TDS Calculation, e-payment of TDS & VAT, TDS Quarterly compliance
- Assist for TP Audit
- Income Tax Scrutiny & Assessments Independently
- CSR (Corporate Social Responsibility) compliance
- Dividend Calculation & its compliance
- Power user ERP implementation Microsoft Dynamic
- India’s leading Packing Machine Manufacturing Company & Solution
- Customer ITC, Nestle, Chitale etc
Sr Accounts Officer
Leben Laboratories Pvt. Ltd.
Akola
09.2000 - 03.2009
- Company Overview: WHO Certified Company Akola (Near Nagpur)
- Pharmaceutical Manufacturing Company
- Finalization of Accounts Payable list & timely payment of Suppliers
- Auditor Compliance
- Manual Bank Reconciliation
- TDS & MVAT/Sale Tax Payment & its Calculation
- Assist to Balance Sheet finalization
- Accomplishment: Consistently Deliver and Timely Financial Report
- Timely Statutory Compliance & GST APPRECIATION LETTER from GST Dept
- Monthly closing on next working day of previous month
- Monitor and analyze expenses to identify opportunities for cost savings and potential tax deductions and cost saving more than Rs
- 72 L P.A
- Proactively correct and identified errors or omissions voluntarily before an audit take place
- WHO Certified Company Akola (Near Nagpur)
- Pharmaceutical Manufacturing Company
Education
Ph.D. -
Institute of Cost of Management Account
Kolkatta 12-2016
M.Com -
Amaravati University
06.1997
GDC & A -
01.1996
B.Com -
Amaravati University
06.1995
Diploma in Export Import Management -
Institute of Welingkar
Skills
- Forecasting
- Budgeting
- Accounts Payable
- Accounts Receivable
- GL
- Monthly Closing
- Bank Reconciliation
- Balance Sheet Finalization
- Financial Reporting
- MIS
- Financial Planning & Analysis
- Financial Statement
- Cost Management
- Cost Analysis
- Variance Analysis
- Fixed Assets
- CAPEX
- OPEX
- Ledger Scrutiny
- Liaison with Auditor
- Ind AS
- TDS Payment & Return
- Direct Tax
- GST Return
- GST Filing
- Tax
- Advance Excel
- Raising Fund
- Financial Modeling
- Risk Management
- Team Handling
- Tally ERP
- Tax Audit
- Time Management
- Advance Excel
- Microsoft Dynamic AX- 2012
- SAP R/3 FI-CO MODEL
Membership Number
53685
Passport Valid Until
04/14/33
Languages
- Marathi
- English
- Hindi
Other Activity - Membership
ICMAI
Personal Information
- Passport Number: K9935599
- Notice Period: 1-Month
- Date of Birth: 06/30/74
Timeline
Sr Manager Finance Controller
WHEELS INDIA LTD
01.2021 - Current
Sr Manager Accounts
Badve Engineering Ltd
09.2016 - 01.2021
Finance & Accounts Manager
Nichrome India Ltd
04.2009 - 09.2016
Sr Accounts Officer
Leben Laboratories Pvt. Ltd.
09.2000 - 03.2009
Ph.D. -
Institute of Cost of Management Account
M.Com -
Amaravati University
GDC & A -
B.Com -
Amaravati University
Diploma in Export Import Management -
Institute of Welingkar
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