Key Result

Profit Centre Operations

  • Managing overall business operations with focus on top-line & bottom-line performance.
  • Establishing corporate goals, short term / long term budgets and designing business plans / strategies for maximizing profitability & revenue generation & realise corporate goals.
  • Participating in business decisions in coordination with the profit centre heads of the group.

Finance & Accounts

  • Heading finance functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial and process controls.
  • Implementing systems, procedures & manuals for preparation & maintenance of statutory books of accounts & financial statements, ensuring compliance.
  • Managing planning activities for ensuring completion of various audits within time & cost parameters.
  • Dealing with principles on all financial matters like payments, claims, warranty, etc.
  • Understanding the financial considerations of key suppliers and ensuring Creditors' payments are made as per agreed norms.

Budgeting & MIS

  • Formulating annual budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions.
  • Overseeing preparation of MIS reports and reconciliation statements as well as undertaking analysis to assist top management.

Fund Management

  • Monitoring inflow / outflow of funds; taking adequate measures to ensure optimum utilisation of available funds towards the accomplishment of objectives.
  • Liaising with banks and financial institutions for raising funds to meet Working Capital and effective utilisation of the funds.

Notable Highlights :

  • Involved in implementation of IT policies of the Govt. of West Bengal, WEBEL being its nodal implementing organization. Instrumental in restructuring / divestment / closure of Webel Group Companies.
  • Successfully handled rights issue and restructuring of the USA Company by inducting Investment Banker from the Middle East as a partner at Nicco Corporation Ltd.
  • Worked as the CEO of Steel Division (Rolling & Galvanising Mills) of Nicco Corporation Ltd. having a turnover of Rs. 75 Crores for a span of 18 months.
  • Led a team of around 40 Chartered Accountants, Cost Accountants, MBAs (Finance) and Computer Professionals located in head office/various units in India & abroad at Balmer Lawire & Co. Ltd.
  • Balmer Lawiie is the first company in the country to issue Commercial Paper in January 1989. Played a leading role in organising for issues of Commercial Paper at very attractive rates. Arranged for funds, both short term / long term, and other facilities from Indian / Foreign banks and financial institutions in India and abroad.
  • Visited Middle East, Europe, Russia, Far East and USA for negotiations with foreign parties in respect of joint ventures / contracts / opportunities / setting up branch / arranging fund, etc.
  • Deftly developed, implemented financial plans of the new upcoming projects besides raising of funds in India and abroad including public issue of shares/debentures for Balmer Lawiie & 3 JVs. Issued shares with differential pricing in 1994, Major role in floatation of first operating leasing company in India.
  • Started online accounting at Balmer Lawrie & NICCO.