1. ‘GAJANAN NIRMITY’
58, BHANGE VIHAR,
TRIMURTY NAGAR,
NAGPUR.
Phone No. 91-712-235819
(M) 08087753015
Email: deepakashtikar@yahoo.co.in
DEEPAK WAMANRAO ASHTIKAR
Education
• B.Sc. - 1983 - Nagpur University - 2nd Class.
• DMM - 1987 - Nagpur University - 1st Class.
• MBA - 1990 - Nagpur University - 1st Class.
(Finance & Marketing)
Professional Experience
A) BUSINESSMAN :- Since FACOR STEELS LIMITED went under lockout in Jan 13, I
decided to quit the company and stared my own trading firm in the Name of Shri
Ramkrishna Enterprises in Jan- 2013. Since then I am doing my own trading in metals viz.
Titanium, Tungsten and some of alloy steels.
B)GENERAL MANAGER(MATERIALS):- FACOR STEELS LIMITED – From 2nd
may 2012
to 1st
Jan 2013.
Recalled by my old organization and since then played a very vital role in cost reduction by
process improvement for energy optimization and reducing waste.
C)VICE PRESIDENT( COMMERCIAL):- ABCOM Trading Pvt. Limited . From 16th
May,
2011.till 29th
Feb. 2012
Abcom trading is a in the business of Import/Export of metals in all forms. They started
their India office after successful operation of their Singapore Yard for export of special
alloys and rare metals. They have office and Special steel yard at Indore.
I have been instrumental in establishing their business in India for special alloy steel.
D) GENERAL MANAGER(SUPPLY CHAIN):- REMI METAL GUJRAT LIMITED
FROM – 12TH
APRIL 2010 TO 5TH
MAY 2011
Remi metal Gujrat Limited is a reputed alloy steel manufacturing company and is a group
company of Welspun. The company has SAP system recently organized and progressing
very rapidly.
Achievements
In first two month, I could assess and establish plan to achieve saving of 5 crores. These
savings have already started coming.

2. I have been since then giving continues benefit of cost reduction by adopting use of new
materials and changing the sources. At REMI, we have been successful to start e-
auctions and got substantial reduction in prices of raw material.
As per the planning we have achieved the total savings of Rs 5 Crore in the financial year
2011.
D) Dy. Gen. Manager (Purchase & Stores) – FACOR STEELS
LIMITED Nagpur, working since 1 Dec. 1989 – TO 12TH
APRIL 2010.
Facor Steels Limited is a reputed alloys steel and stainless steel manufacturing
organization ,having existence of more than 35 years, situated in MIDC industrial
area,Hingana Road, Nagpur.
The company have achieved about 470 cores of turnover in the year 2007-2008 and has
acquired a prestigious TS 16949 certificate very recently. They have also established ERP
system of ORACLE and have gone live very recently. The company is in the process of
establishing Forging Unit in the same premises with a forging press of 2000 MT capacity.
Management of Facor Steel is known for their ethical business practices and are very
professional in their approach in business. People working in Facor Steel are subjected to
continuous development plan by various training programs.
Authorities & Responsibilities :
Responsibilities :
• Administratively in charge of procurement and stores department &
responsible for effective functioning these department.
• Maintaining of procedures as per ISO standard.
• Vendor Assessment & Audit.
• Inventory manangement.
• To ensure continual improvement in functioning of stores and purchase.
• To ensure prevent defects and to reduce wasteful expeces.
• To ensure effective and efficient working and value addition.
• To train people working under me as per gap analysis.
• Planning monthly requirements of Raw materials, Refractories & Imports.
• Planning financial requirements of department & ensuring adequate availability of
finance.
• Management of funds so as to maintain smooth continuity of materials
• To inform all concerned about the changes due to change in Government
Policies, Procedures & its impact on cost of materials.
• To ensure availability of right quality & quantity of materials from right
source at right price & right delivery terms.
• Cost control by hard negotiation, innovation & studying application.
• Arrangement of clearing of materials from Customs.

3. Authorities :
• To draft training program for subordinates.
• To conduct review meetings on inventory, cost reductions, departmental
performance,
order status etc.
• To finalise purchase plan and allocate letter of credits.
• To negotiate & finalise purchases.
• To sign Purchase Orders jointly with D(T) OR MD.
• To sign cheques towards payment of creditors.
• To organise Vendor Audit Plans & deputing Auditors.
• To sign all custom related papers.
• To maintain discipline & order in the department.
• To recommend increments, promotions .
Achievements :
• Reduction in the cost of Refractories by 20% over the period of 3 years by
studying the application & selection of appropriate refractores.
• Reduction in the cost of imported Raw Materials by changing the
destination of clearance from Mumbai Port to ICD Nagpur & by proper
negotiation with clearing agents & shipping lines.
• Substantial reduction in the cost of Raw materials by procurements of
unconventional materials on the basis of melting process & requirements.
• Maintaining high moral standards within the department by continues
interaction & personal involvement.
• Helped and assisted to develop systems for ERP .
• Have been key person in locating vendor, finalizing , and procurement of
machineries/engineering good/hydraulics for forging project, 2000 MT press,
commissioned in June 2009.
• Successfully imported second hand machinery for Forging/Peeling under EPCG
scheme.
• Developed reliable overseas suppliers for stainless steel scrap to ensure quality and
cheaper availability of stainless steel scrap.
D) Sr. Purchase Officer in Shri Hariganga Cement Ltd., Nagpur.
( 1983 to 1989).
Shri Hariganga Cement Ltd., was a mini cement plant located at Chunala,Teh.
Rajura,Dist Chandrapur with a capacity to produce 400 TPD .
I had joined them soon after the completion of my graduation as purchase assistant and
when left in 1989 was Sr Purchase officer. During my tenure of working with Shri
Hariganga , I gained a very rich experience as I joined them at project stage and was with
them till actual production and supply.

4. I assisted GM(Project) to procure heavy machinery like rotary kiln, grinding mills, ESP, dust
collectors, crushers, and heavy electricals.
After completion of the project made incharge of purchase and was responsible for
procurement of raw material, engineering stores and spares.
Was instrumental in developing new vendors for machining and fabrication jobs at much
lower cost.
WORKSHOPS AND SEMINARS:
1. Commodity Trading and Hedging presented by Mr. Vikram Dhawan in
association with Mineral and Metals Review,Mumbai.
2. Toyota Production System presented by Mr. Arvind Navadikar in association
with Indian Academy of Management, Mumbai.
3. Various programs in house by agencies like CHR Global, Hewitt on new
management techniques like 5 S, Working out OEE, production based
incentive schemes,FMEA etc.
Personal : * Date of birth : 6th October, 1961.
Information * Marital Status : Married
* Offspring : One (Son)
* Valid Passport No. F3574262
Languages : English, Hindi & Marathi.
Objectives : To obtain peace of mind by continues working with Honesty &
sincerity.
Extracurricular : Helping people in the tedious Import & Export procedures.
activities
Hobbies : Reading Spiritual Books, Singing, Exercising & Watching Cricket
Match.
Other Experiences : * Traveled a lot internationally to places like Singapore, Malaysia,
Thailand, Korea, Taiwan, Dubai, Turkey ,Chona for exploring the
possibilities of procurement of Stainless Steel Scrap, Raw
Materials ..
* Learned to read & write German language for one year.
* Visited a lot of industries to understand their manufacturing
process & systems.
( DEEPAK W. ASHTIKAR )