Akash Daga

Akash Daga Email and Phone Number

Financial Controller @ ElasticRun
Mumbai, MH, IN
Akash Daga's Location
Mumbai, Maharashtra, India, India
About Akash Daga

I have worked in the hospitality industry for 3 years as a finance controller with core focus on MIS, internal controls, P&L, budgeting, variance analysis and cash flow. After my stint in the hospitality sector, I have joined the e commerce sector as senior finance manager where I have gained experience in business finance, working capital finance, fund raise and due diligence activities, M&A and IPO. I also have experience in wealth management and Income tax return filing and advisory through my own firm. We were also awarded as the fastest growing mutual fund distributors in the Pune region in the first year of operations by the largest AMC.

Akash Daga's Current Company Details
ElasticRun

Elasticrun

View
Financial Controller
Mumbai, MH, IN
Website:
elastic.run
Employees:
3158
Akash Daga Work Experience Details
  • Elasticrun
    Financial Controller
    Elasticrun
    Mumbai, Mh, In
  • Hygienic Research Institute (Hripl)
    Leading Finance
    Hygienic Research Institute (Hripl) Sep 2023 - Present
    Mumbai, Maharashtra, India
    • Closely working with the CEO and CFO for expansion of business in Bangladesh. Key areas included route to market overhaul, setting up manufacturing, managing imports of raw material and packing material from India, arranging short term loan financing and LC finance and streamlining financial reporting as per India business. Entire Bangladesh finance rolled up to me. • Heading treasury operations for India business along with defining investment policy statement resulting in alpha interest income generation of ~100 bps.• Leading internal audit of the group along with reporting to the Audit Committee. Played key role in designing SOPs for key areas along with implementation of the same.• Led special projects w.r.t tax saving for direct and indirect taxes, inventory optimisation and AP automation.
  • Kickstart
    Co-Founder
    Kickstart Feb 2018 - Present
    Pune Area, India
    1. Developed a unique approach of Investment Planning, Monitoring & Tracking, Re-balancing andReporting for all clients2. Developed tie-ups across the domain for automation of Mutual Fund Investments, Online KYC (Tieupwith Quantum AMC), Data Feeds (Accord Fintech Pvt. Ltd), AMFI (License to operate), 30+Mutual Funds (Empanelment), Bombay Stock Exchange BSE (Transaction Processing)3. Started active operations in June 2018, we are currently managing INR 18 crores of AUM with over300 clients including HNIs, Start Ups and retail investors across India.4. Gained significant knowledge in Capital Markets, Stocks, Mutual funds etc. over this period viacontinuously investing 3 to 4 hrs a day in terms of research & analysis.5. Delivered 50+ sessions on Investment & Tax Planning across India in multiple corporates.6. Awarded the Best performing Financial Advisor by BSE (Bombay Stock Exchange) in Pune Regionwithin 1st year of operation.7. Our Tax Filing Vertical has another 200 clients comprising of HNIs and employees of variousorganisations
  • Pharmeasy
    Assistant General Manager
    Pharmeasy Oct 2022 - Sep 2023
    Mumbai, Maharashtra, India
  • Pharmeasy
    Senior Finance Manager
    Pharmeasy Sep 2020 - Sep 2022
    Mumbai, Maharashtra, India
    1. Started with a project whose key focus was on integration of finance workstreams like reporting, MIS,audit, common contract renegotiation between Pharmeasy and Medlife2. Post completion of this project, I was part of the business finance team with key focus on solving theinventory reporting at Medlife, founders reporting of cashflow and working capital andmanaging key sections of balance sheet.3. I have also handled NCLT application for merger and internal restructuring of group companies ofPharmeasy and Medlife4. Post merger of Medlife with Pharmeasy, I was given a sole charge of subsidiary which handled newage business of Pharmeasy. During this stint, I handled quarterly audits, supported operationsas well as integrating new initiatives with the existing operations. Did entire budgeting for FY 23 - FY 28 with revenue projections, costing, benchmarking at granular level. Assisted in business modelling and identifying and implementing synergies across functions. Identified cost saving opportunities which brought overall reduction in monthly cash burn5. I was also part of the 4 person team from finance responsible for IPO (including DRHP filing,preparing answers for SEBI observations and filing of RHP). Key responsibilities includedpreparing various data points required by BRLMs, lawyers and other consultants, answering theirqueries regarding the same, preparing KPI section of DRHP, giving inputs for MD&A section andco-ordinating with BRLMs, lawyers and other consultants for other key things pertaining to DRHP6. Currently handling business finance portfolio of Pharmeasy's entire offline franchise business pan India.
  • Itc Limited
    Manager Finance
    Itc Limited Oct 2014 - Dec 2017
    Key Responsibility Areas:1. MIS: Reviewing accounting- P&L, Cash flows, ROCE calculations and performing variance analysis2. Financial Reporting: Handling Financial Reporting, Accounts Closing, Audits (Internal & External), Reportsand Compliances3. Direct & Indirect Taxes: Managing all matters related to taxes (TDS, GST, VAT & WCT, Service Tax, EntryTax & Labour Cess) such as payments, returns, audits, notices and replies thereof ensuring 100%compliance4. GST Implementation & Transition: Leading and ensuring successful transition into GST regime5. Payment Certification and Processing: Approving all payments for the unit including Forex paymentswhile adhering to laid down policies & processes and ensuring proper documentation & compliances6. Fraud detection and Zero Income Leakage: Ensuring fraud detection and zero income leakage throughvarious techniques and checks & balances7. Policies and Frameworks: Formulating Policies & Frameworks for the Unit & Central Team enablingcompliances & enhancing the robustness of existing internal control systems; Prepared IFCFR framework for the division8. Capex planning: Custodian of Capex Budget; Preparing and Reviewing Budget and Cost Control Reports such as Plans, Outlooks, Report Backs, Dashboards, etc. & tracking for major variances including overruns9. Tendering and Purchase Committee: Part of the purchase committee & tendering process- conductingpre-qualifications of tenderers, attending meetings, preparing comparatives, carrying out negotiations and finally placing orders and awarding contractsAdditional Roles:1. Tracking & renewing NOCs/ Approvals/ Licenses/ Registrations, Insurance Policies and BankGuarantees2. Leading and guiding the finance team comprising of finance executives, associates and Store keeper3. Dealing with various government and tax departments for licencing and assessment purposes
  • Baheti And Somani Chartered Accountants
    Audit Intern
    Baheti And Somani Chartered Accountants 2011 - 2014

Akash Daga Education Details

Frequently Asked Questions about Akash Daga

What company does Akash Daga work for?

Akash Daga works for Elasticrun

What is Akash Daga's role at the current company?

Akash Daga's current role is Financial Controller.

What schools did Akash Daga attend?

Akash Daga attended The Institute Of Chartered Accountants Of India, Symbiosis International University.

Who are Akash Daga's colleagues?

Akash Daga's colleagues are Vikas Shrivastav, Ashok Bhakat, Vijay Pesswani, Saumya Risaldar, Yasar Arafath, Hemraj Gochar, Parag Singh Thakur.

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