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Mangat Resume


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Mangat Resume

  1. 1. Key Skills Profile Summary Financial Planning & Control Budgetary Control Profit Centre Management Financial Modelling Treasury Operations Cost Planning & Control Taxation Risk Management Team Building & Leadership Nearly 16 years of experience with proven skills in financial planning, annual budgeting, profit & loss, cash flow, balance sheet, Capex, forecasting and project cost analysis, fund management working capital management and investments Possess sound comprehensive commercial acumen & strong analytical skills for successfully managing set-up of new business with excellent persuasive communication and analytical skills Expertise in analyzing business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice and report the outcome as part of monthly MIS Track record in guiding the preparation of overall accounting records, financial statements and other financial reports and assessing conformance to reporting and procedural standards Proficiency in formulating business plans / strategies for maximizing the profitability & revenue generation and realizing corporate goals Supervised all Indian tax compliance and submissions covering corporate tax, service tax and withholding taxes including tax returns, internal reporting and tax accounting Achievement-oriented professional with excellent people management skills and expertise in managing change Soft Skills Education C.A. from The Institute of Chartered Accountants in May’00 B.Com. from South Gujarat University, Surat in Apr’98 Career Timeline MANGAT BAFNA Top Level Assignments: Chief Financial Officer “A dynamic change agent with a track record of working in diverse work domains and various aspects of finance with recognized proficiency in spearheading business to accomplish corporate plans and goals successfully” Location Preference: Mumbai/ Delhi ~ Industry Preference: FMCG/ Manufacturing 09833987945 / 09323238887 Communicator Innovator Thinker Collaborative Intuitive Team Player Dhanuka Agri Tech Limited, Bangalore Olam Agro (India) Ltd., Mumbai Siva Group, Mumbai Mahalaxmi Infracon Pvt. Ltd., Surat VVF Ltd., Mumbai Chipita India Pvt. Ltd., Powai 2003-2008 2010-2011 2013 till date 2000-2003 2008-2010 2011-2013
  2. 2. Work Experience Since Apr’13 with Chipita India Pvt. Ltd., Mumbai as Chief Financial Officer Start-up Company Key Result Areas: Setting and streamlining the finance, HR, administration, purchase, tax, logistics functions within the organization Spearheading the entire Accounts & Finance of the company in compliance with INDAS and policies, quarterly and Annual Financials of the Company Managing: Direct, indirect taxation, international taxation and annual audit by Excise Department Treasury operations, controlled cash flow for the operations and statutory and internal audits Factory operations and driving cost reduction initiatives on production and overheads VAT, LBT, Income Tax Assessments Working with the Expats Directors and guiding them the Indian statutory requirement Interfacing with: Banks for booking of forex at best rates and government authorities for incentives, EPCG & Advance License Insurance Companies and Brokers for various risk covers RBI Compliances for FDI, and Secretarial Issues, Various Certificate as required from time to time Creating efficient infrastructure in terms of warehousing and logistics and initiating cost control mechanism Developing the commercial function and due diligence process for negotiating and finalizing contracts Significant Achievements: Created Finance and Commercial team and trained the unit on functional and developmental matters Implemented the strong ERP Tally system in the company Managed the company funds for Capex and Opex purpose Initiated and introduced timely and accurate monthly closing of books of accounts and reconciliations Implemented measures for increasing payable cycles Spearheaded Pricing for designing and implementing fast recovery from Customers Led the design of optimum capital structure and financial strategy for the company keeping in mind capital expansion for existing business, investment in Project expansion, and short-term cash optimization Jul’11-Mar’13 with Siva Group, Mumbai as Accounts & Finance Key Result Areas: Prepared Yearly and Quarterly Financials of Group Companies as per revised schedule VI format Managed accounting and MIS for commodity trading business; monthly closing of accounts and statutory compliances relating to direct tax Interfaced with: o Banks for booking of forex and government authorities for incentives o Auditors for certification matters and audit related issues Facilitated preparation and vetting of agreements with CHAs and other service providers Created weekly, monthly and ad-hoc management reports for the Group Jun’10-Jul’11 with VVF Ltd., Mumbai as Sr. Manager Finance & Accounts Key Result Areas: Monitored overall accounts on SAP & MIS at factory level Formulated Annual Business Plan, OH Variance Analysis, & other factory related compliances Previous Work Experience Aug’08-Jun’10 with Olam Agro (India) Ltd., Mumbai as Manager (Finance) Key Result Areas: Successfully re-organised the work within the organization and reduced extra working time Managed Cash flow for Indian as well as indent operations in Singapore Finalized and handled statutory audit of BU handled (done by Ernt & Young) Monitored the exposure by Traders in trade, preparing M2M and other reports including booking of forex Prepared Annual Operating Plan for products handled and controlling the variance on regular basis Submitted regular MIS reports to the management on weekly and monthly basis to take corrective steps in the volatile commodity market
  3. 3. May’03- Aug’08 with Mahalaxmi Infracon Pvt. Ltd., Surat as Assistant Manager (Finance & Accounts) Key Result Areas: Managed and established Accounts and other systems set up for a new project of Textiles worth INR 50 Crores Finalized Accounts, Tax Audit, Vat Return filling, Excise and other Statutory Compliance for the factory Facilitated the import documentation for imports, booking of forex Aug’00- Apr’03 with Dhanuka Agri Tech Limited, Bangalore as Assistant Manager (Finance & Accounts) Key Result Areas: Managed the receivables for Karnataka & Tamil Nadu Prepared Credit Notes and Debit notes for Customers Facilitated Professional Tax, Sales Tax (including assessments) and pesticide License Prepared the import documentation for imports, booking of forex Certifications Certificate Course in Forex & Treasury Management by ICAI in 2010 Certificate Course in International Taxation by ICAI in 2015 IT Skills Personal Details Date of Birth : 1st September 1977 Present Address : E-3, Flat No.404, Moraj Residency, Sanpada, Navi Mumbai Languages Known : English, Hindi & Gujarati