Ajit Banerjee Email and Phone Number

K.P.I. includes Investment Portfolio Management , Investment Portfolio Risk Assessment and Mitigation Planning, ALM optimisation, Share Holders and Stake Holders management , Brand Building , Team Management and leading change management projects.

Financial Controller, Reporting & Treasury function:Ensuring effective financial control across a business, compliant with relevant law, regulation and accounting standards. Responsible for managing cash flow of the business through receivables and payments management as per the internal framework within the defined SLAs and targets.Lead a team responsible for developing, promoting and managing an effective and proportionate financial control frameworkDeveloping, embedding and operating a financial control framework for the business that will:- facilitate consistent high standards of financial good practice - enable the early identification and effective management of potential issues/risks- meet relevant legal/Regulatory requirements while also being proportionate and ‘fit for commercial purpose’ in RSA- be aligned to overarching regional/Group frameworks and principlesRisk and Control Ensure Financial control in the Organisation and prevent material misstatement of financial numbersDeveloping and implementing annual monitoring plans and review cycles to ensure compliance, deliver effective control and oversight, and spot risks, issues or opportunities for improvementManage secretarial responsibilities for shareholders meeting for conducting AGM / EGM Projects I.P.O. Project : Member of Project Gloria formed to handle the Initial Public Offering made by the company in the Muscat Securities Market. The company’s issue was oversubscribed by 2.5 times in this period of economic slowdown. Project Jupiter: ME Regional Financial lead for the project, aimed at transitioning the existing IT application on to a new platform with increased user friendly menus and MIS reports

Key Responsibility Areas:Chief Investment OfficerManage the Investment portfolio of INR 40 Billion with a team of 6 members Defining the Investment Strategy of the company and realignment of the Investment Policy aimed towards achieving the strategic goalsEnsure ALM compliant portfolioExplore new Investment options available in the market through active involvement and networking with market participants Ensure optimum capitalisation of the company to maintain desired solvency levelsRepresent the industry in the Investment Cell of GIC, on multiple issues related to investments & complianceFinancial Controller Deliver in time accurate financial statements and reports in line with relevant accounting standard, regulations and accounting policies of the company.Ensure timely completion of statutory audit without adverse qualifications and commentsDefine the accounting infrastructure, monitor its accuracy and drive changes with IT as requiredManage Taxation functionRepresent the company to the I.R.D.A. and GIC Council and lead discussions with peer companies on upcoming regulatory and statutory changes

Joined the company at the inception stage in May 2008 as the National Head Investments and Treasury. Was assigned the responsibility to set up the Investment and treasury functions of the Company from investing the seed capital of the promoters , setting up the Investment policy, preparing employee dealing guidelines, Investments related standard operating procedures and selection of Investment software.

Managed the Investment portfolio of INR 5 bln .Ensured optimization of portfolio income within acceptable risk frame work while complying with the Investment regulations at all points of timeHandled entire banking operations of the company, partnering with Banks for offering new banking options aimed at customer convenience and enhancing business opportunitiesCoinsurance Accounting& preparation of Related Party Disclosures & Financial Conglomerate Reporting to HDFC Group

Managed the treasury operations of the company to ensure steady cash flow and availability of working capitalNegotiated with bankers for lowering cost of capital and explored alternate source of funding for CapexAdvised the Management on optimal product mix aimed at maximising the net realized value

Debtors Administration, Cash inflow planning, pricing of products and supply chain management for domestic segment customers of the company. Member of Project Indra Dhanush formed for Business Process Re Engineering

Controlling Financial Operation of Franchisee centers, preparation of Regional Profit and Loss accounts