1. M V SUDARSHAN
UTSAV, #984/13, 8th
Main Road, Girinagar II Phase, Bangalore - 560085
Contact: +91-80-2642 6870 & +91 96203 00691 / Email: cma.sudarshanmv@gmail.com
VP-Finance, Director-Finance, Chief Financial Officer (CFO)
Seeking assignments in Accounts & Finance / Auditing / Taxation with a high growth oriented organization
PROFESSIONAL SUMMARY
 A Fellow member of Institute of Cost Accountant of India –FCMA with total experience of nearly 24 years
including nearly 4 years of consulting experience in the areas of Finance, Accounts, Taxation, Auditing, Cost
Accounting, Consolidation, Budgeting & MIS.
 Presently proprietor of an Audit Firm of Bangalore, Sudarshan & Co., completed Diploma in International
Finance Reporting-Dip-IFR in 2014, from ACCA_UK.
 A strategic planner with proficiency in monitoring & implementing internal control systems for all financial and
statutory matters. Undertaken various cost control measures to improve the profitability of the finance operations.
 Expertise in US-GAAP audit and reporting of revenues, Management Assurance, SAP Migration, Hard Core Finance
Operation and Business Finance (SBU Management). Conversant with IFRS / Ind-AS.
 Holds the merit of successfully sourcing funds more than 500 crores (Aricent)
 Possesses significant leadership experience resulting in better financial performance and enhanced systems for higher
performance of the team.
 Strong analytical & organizational abilities with adeptness in formulating accounting systems, preparing accounting
records and financial statements.
 An effective communicator with excellent relationship building & interpersonal skills with proficiency in explaining
complex financial data.
KEY SKILLS
Financial Planning & Control / Reporting Budgetary Control / Treasury Management
Finalisation of Accounts Taxation/Compliance
Team Management Planning and Management
Relationship Management/ Liaison Work Auditing & Internal Control
Secretarial Matters Business Consolidation / Business Finance Function
Management Assurance US-GAAP
Compliance Management Capital Restructuring Strategy
IFRS / IND-AS compliance Treasury Management
Corporate Governance
ENTREPRENEUR EXPERIENCE
Since Nov’13 Proprietor of a Cost Audit Firm of Bangalore
Jul’11-Nov’13 PSV & Associates (Erstwhile Prabhakar & Co.) Bangalore
Partner (Firm of Cost Accountants and Management Consultants)
Significant Highlights:
 Effectively devised Costing System for a company in the field of Fabrication & Erection of Industrial Sheds, Power
Generating Equipment Manufacturing, Plantation, etc. (Rs.100 Crore turnover p.a.)
 Instrumental in carrying out an exercise to validate the level of compliance achieved by the newly introduced ERP system by
one of the units of a PSU w.r.t. applicable Cost Accounting Rules.
 Demonstrated excellence in handling the:
o Verification & certification regarding maintenance of cost records as required under Sec. 209(1) (d) of
Companies Act.
o Installation of costing system in an Engineering/ Manufacturing company (Rs. 200 Crores Turnover) Energy
Server Manufacturing (Rs. 150 Crores) CNC Machine Manufacturing (Rs. 500 Cores) and Electronic
Connectors Manufacturing (Rs. 100 Crores) and in an Advertising Company (Rs.50 Crores), etc.
o Installation of costing system for plantation divisions of a state Government PSU and issuance of compliance
certificate under CARR 2011.
 Served as an Auditor for Service Tax with the Service Tax Department for conducting audit of books of accounts of Service
Tax assesses.
 Actively carried out Cost Analysis and Performance Evaluation for a project of National importance under execution by a
unit of Defence Ministry.
Key Assignments Handled:

2.  Audit of stocks & receivables for working capital financing (Rs. 2 Crores to Rs.120 Crores) on behalf of large Banks like
Canara Bank, Syndicate Bank, Corporation Bank, UCO Bank, etc,
 As a Cost Auditors for an MNC & an Indian Company, in Pharma Industry and also for an Engineering manufacturing
company with a Turnover of Rs. 300 Crores p.a.
 Visiting faculty in Bangalore Chapter of ICWA and other Business Schools in Bangalore, conducted training sessions on
various management topics.
 Cost Study/Implementation of Costing System, the process followed is:
o General study of organization & accounts structure.
o Identification of total expenditure to the cost centers / processes.
o Classification of expenses into functional OHs & computation of absorption rates.
o Calculation of machine hour rate / labour hour rate.
o Determination of cost of each process.
o Preparation of cost statement for the selected products
o Break even analysis of products.
 Statutory Works
o Cost Audit - U/s 148 of the Companies Act, 2013.
o Verification & reporting of maintenance of Cost Accounting Records under CARR,2014.
o Cost Certifications under CAS 4 – Captive Consumption.
o Determination of Capacity Utilization for different processes as per the provisions of CAS – 2.
 Consultancy Assignments
o General Cost Study.
o Implementation of costing system.
o Stock and book debts audit on behalf of Banks.
o Pricing and cost evaluation for products.
o Review, preparation and analysis of various MIS reports.
o Determination of profit margins for products manufactured by the company.
o Valuation (as per AS-2) of RM. WIP & FG Stocks
o Management/monitoring of book debts.
 Handled a project of a large automobile manufacturing company having a turnover of Rs. 1500 Cr., scope of the
consultancy work is to help the unit for ERP migration from present one to their legacy system through preparation of
“AS IS” and “TO BE" documentations keeping in view of India Legal requirements, Internal Control points and
industry best practices.
PROFESSIONAL EXPERIENCE
Jan’08-Jan’11 Aricent Technologies Ltd., Bangalore
Senior Manager – Finance and Head Finance Operations/Business Finance & Internal
Audit
Aricent is a KKR’s (Kohlberg Kravis Roberts & Co.) Holding Company
Role:
 Administered the hard core finance operations comprises of different verticals AR, AP, Payroll, Travel Accounts, Business
Finance, Compliance, Taxation, Fixed Asset, Audit - Statutory & Internal, Financial Reporting & Reviews, etc.
 Monitored a team of 22 members, many of them were qualified professionals with a revenue size of $400 mil.
 Responsible for managing:
o Finance functions of SBUs through Business Financial Analysts. Major functions in this area are project
budgeting, revenue forecasting, profitability analysis, revenue recognition as per US-GAAP norms, BU
reporting, etc.
o Final review and finalizing RFPs from the commercial terms perspective.
o Finalization of accounts under IGAAP, in compliance with all statutory requirements.
o Treasury related activities like managing cash through five weeks weekly rolling cash flows, etc.
 Participated in EBITA improvement plan mainly concerned with cost reduction and efficiency improvement plans.
 Conducted Audit Committee Meetings and ensured IA recommendations are properly tracked and implemented.
 Formalized and strengthen the risk mitigating processes in reporting and recording through Risk Control Matrix with its
periodical review. Involved in indentifying enterprise level risk factors through voting and drawing mitigating plan for
the same.
 Managed and initiated training needs, formulated the same and conducted training to the mid & junior staff.
 Handled annual budgeting & periodical review of business management units, controlled Capex through capital budget
and periodical review.
 Supervised all secretarial matters of a subsidiary based at Bangalore – Aricent Communication Pvt. Ltd.,
Significant Highlights:

3.  Proactively involved in:
o SAP migration project from 4.7 to 6.0 – both blue printing implementation.
o IT-GCC and BCC audit carried out in collaboration with E&Y audit team.
 Successfully handled service tax refund & commercial tax litigations and IT audit for a small associated Bangalore
based entity.
 Honour of being carried out the preparation of SOPs for all finance functions to comply with SOX 404.
 Instrumental in doing fraud detection and initiation action against the persons involved and recommendations for
tighten the internal systems.
Jan’92-Jan’07 Infosys Technologies Ltd., Bangalore
Controller – Finance
Role:
 Handled first public issue in 1993 & subsequent PE issue, RBI, STPI and Commercial Tax issues.
 Participated in MIS reporting and automation of finance functions through SAP ERP implementation and built various
software around SAP for analysis and reporting.
 Supervised the evaluation of financial part of RFPs and devised a tool for effective pricing tool for determining quote
the services.
 Managed the development of budges at various BU and SBU levels and consolidation of the same, determination of
standard cost for budgeting and for the pricing model.
 Overseen all audit functions – internal and statutory.
Significant Highlights:
 Actively involved in:
o Designing various reports for evaluation of project performance and indicators like bench analysis, per-
capita revenue, cost & other expenses, manpower efficiency, quality key indicators, etc.
o Carrying out due-diligence and acquisition of UK based companies Traivium and IQ Solutions, and
subsequently became part of Finacle product.
o Designing and implementing various systems to manage business from the stage of contact creation to the
final stage of receiving AR. The entire process include – Contact & Project Creation, Opportunity,
Proposal, OMAT, LOE/SOW, Project Budget, Project Management, Resource Allocation, Billing, AR
Tracking, Expenses Tracking, Reports at Project Level Budget vs. Actual, etc.
o SAP implementation and various role outs.
 Stellar in building business cases and expansion models for Finical Unit (which constitutes 15% of the total revenue -
$300 mil) for scaling up the product to fit into international market.
 Instrumental in designing and developing revenue recognition model as per US-GAAP norms for the product contracts
having multiple revenue streams recurring at different stages, by using proper VSOEs and residual methods.
 Holds the merit in implementing and putting it to use Activity Based Costing (ABC) perhaps this was first attempt to
implement ABC system in a service industry.
 Effectively worked on acquisition of an IPR from an Indian company.
 Significantly looked after the P&L management through better cost management and proper control over expenses
before they are committed for spending.
 Honour of working with business enabling centers (cost centers) and their management form business and effective
value delivery perspective.
 Successfully appeared before Advance Ruling Committee of Commercial Taxes of Karnataka personally for presenting
company’s stand on applicability of sales tax on services related to software product, it got ruled on company’s favour.
 Having credit of actively involved in acquisition (M&A activity) of two product based companies of UK.
Jan-89-Dec’91 Vishesh Technologies Ltd., Bangalore
Customer Support Executive
Significant Highlights:
 Instrumental in implementing FA, AR, AP and Payroll Packages Carona Ltd., Aurangabad, Procter & Gamble, Bhopal /
Hyderabad, GE Motors, Coimbatore and Modi Olivetti, Delhi, etc.
PROFESSIONAL AFFILIATION
 Associate Member of Institute of Internal Auditor of India
 Associate All India Management Association

4. EDUCATION
2014 Dip-IFR (Diploma in International Finance Reporting) from ACCA-UK
2013 ICSI Executive Programme
2006 CBA & P1 in Management Pillar from CIMA London, UK in 2006
1992 M.Com. from University of Mysore
1992 FCMA from Institute of Cost Accounts of India
PERSONAL DOSSIER
Date of Birth : 29th
October, 1962
Languages Known : Kannada, Hindi and English