Amit Khandelia Email & Phone Number

Mumbai, Maharashtra, India

Mumbai, Maharashtra, India

Mumbai, Maharashtra, India

Mumbai Area, India

> Managing investment book of ₹3000Crs with the objective to maximize return, maintain liquidity and minimize risk.> Hedging of Forex exposure of USD 150MM by using PCFC instrument and negotiated better Spread with bank that led to annualized saving of ₹6Crs.> Made representation to the board for changes in treasury policy from time to time that led to inclusion of new investment avenues (AAA) and maximization of ROI. > Initiated routing of entire export collection [250MM USD] through EEFC account that led to savings because of zero conversion cost/margin and also minimized currency risk.> Interaction and negotiation with banks to arrange bank financing [USD 60MM] for credit lines in US, Chile, and Australia.> Implemented H2H integration that helped secure payments and increased operational efficiency.> Approached AD Bank and export freight forwarders to make payment of export freight in $ which led to annual savings of ₹3Crs. First in industry to adopt this after RBI released SOP in Sep 2019.> Working on PLI scheme for pharma companies that can lead to incentive of ₹1200Crs in 6 years.> Execution of restructuring of US subsidiaries that will lead to working capital release of ₹115Crs on account of utilisation of carried forward tax losses. Sought approval from RBI for the transaction and filed compounding application with RBI.> Automated GST2A reconciliation with purchase register that led to better compliance and weeding out of non-compliant vendors.> Reduced accumulated GST credit by ₹52Crs by running simulation on stock transfer value.> Automated TCS and TDS compliances. Also responsible for RBI filing and FEMA Compliance. > Filed writ petition with high court to avail Tran 1 credit refund of ₹7Crs for Maharashtra.> Liaise with FEMA counsel, legal counsel, tax counsel and consultants to seek opinion to finalize tax positions and represent the company before various tax authorities and enforcement agency.

Mumbai Area, India

Extensive business experience in multi-location operating in different time zone with cross cultural colleagues comprising more than $350+ Mn revenue line.Responsible for Financial Control, Merger and Acquisitions, International Taxation, Transfer Pricing, global compliance and Business Partnering for all the international locations spread across North America, Latin America, Europe, Australia, Philippines and Kazakhstan.> Implemented the guidelines of POEM (Place of Effective Management) and aligned board structure across geographies accordingly.> Led the project for first time implementation of Country-by-Country reporting and furnishing of master file identified under the OECD Base Erosion and Profit Shifting (BEPS) Project in India.> Implemented the first time Transfer Pricing documentation for all the international subsidiaries of Alkem.> Led the Transfer Pricing audit for Alkem India with minimum observations consecutively for two year.> Preparation of Board presentation every quarter for the MD of the company and long-term strategy budget for plant located in US.> Valuation exercise for funding of equity and loan in international subsidiaries.> Monitoring and management of working capital at all the international locations and ensuring optimum cash at the subsidiaries location.> Supported business teams through pricing of new products and monitoring transfer price of products as per the guidelines and benchmark of Transfer Pricing.

Mumbai Area, India

Heading a team of 4 people of commercial function comprising ~ INR 4000 crores of revenue with ~ 10,000 employees and 34 depots.Responsible for credit control, depot controls, inventory management, internal control, audit, Capex proposal on Depot infrastructure and C&F appointment proposal, payments, Working capital management, MIS, Cost optimization and sales tax assessments.>Finance partnering with business head and Depot team for complete financial and operational evaluation of opening first C&F of CIPLA in Gorakhpur (Monthly business of INR 5 Crores) to improve reach.>Lead a project of COGS optimization which was applauded by core leadership team. Analyzed 30 low margin SKUs (Annual Sales of ~400 crores) which led to savings of ~10 crores in raw material and packing material cost resulting in margin expansion of ~2.5% for these products.>Set up call center structure for discounted rate supplies to hospitals and nursing homes to strengthen the control.>Working on new supply chain structure to reap the benefits of GST by pooling of warehouse.>Actively involved in designing Internal Financial controls for the company in light of Companies Act 2013.>Set up Internal control and processes on various S&D process Eg: Credit policy, Discount Management, depot Manual etc. Implementation and discussion of monthly operations report with the depot managers to reduce the expiry, repetitive stock transfers and better statutory compliance.>VAT Compliances – Ensure 100% VAT compliance for 6 state within the Zone, Timely and Accurate VAT calculation and filling return, Completing VAT & CST Assessment, liaising with VAT consultant and advocates on filling and attending appeals at different level.

Mumbai Area, India

Heading a team of 8 category Finance Manager of MIS function for India business comprising ~ INR 4000 crores of revenue with 10000 employees.Responsible for financial business partnering, budgeting, profitability and productivity measurement, business finance, and formation of category finance team, setting up robust MIS structure for performance monitoring,successful implementation of Analytical tool like Qlikview & One Key, supporting business teams through insights on growth drivers, product mix, ROI of marketing expense, productivity of manpower, market share, and performance of new product, tail products, and stockiest.>Set up the process for pricing and product rationalization decision making process. The process helped in addition of ~ INR 90 crores to the top line and bottom line.>First time budget implementation for India business (revenue of ~INR 4000 crores) and also prepared the long term strategy plan which received accolades from top management.>Analyzed the portfolio of India business and created the Business model for evaluation of New Product development and In-licensing products.>Monthly reviews with in-depth discussion to improve profitability and improve business performance across geography and category (Therapeutic areas).Awards :Received CFO Award 2013 for being the best performer in commercial finance function of Cipla for Setting up a robust MIS structure for performance monitoringImprovement in Product Pricing and rationalization decision making process which contributed ~INR 90 Crores to the top line and bottom line.

Mumbai Area, India

>Ensuring closing of Accounts in Revised Schedule VI (first time implementation) and completeness of monthly financials. Overall Consolidation of Accounts on PAN India basis for 18 circles comprising revenue of ~ INR 10000 crores. >Preparation and audit of Consolidated Financials under US-GAAP for reporting to NTT DOCOMO on quarterly basis. Preparation and audit of quarterly and annual financials in Revised Schedule VI format.>Coordinating for Audits both Statutory and Internal and resolution of issues highlighted by the Auditor. Conducting Pre-audit reviews at the regional SSCs>Obtaining information and compiling the data for Annual Report, proof checking, ensuring completion of print and dispatch within the time limit.>Issuing and regular monitoring of Accounting policies and processes through-out the company. Also ensuring adherence by way of regular reviews, checks and TB Review

Mumbai Area, India

• Actively involved in feasibility study and modelling of roll out of HSIA across India. Worked with business team for bidding in tenders like LBS, Automated Meter Reading, & Passport SEVA. • Negotiation of ICR (Intra Circle Roaming) deal with MTS and negotiation of ILD and NLD rates from operators like Tata Communications.• Set up the process for reporting key industry benchmarks such as industry operational performance indicators, market share, new launches, and industry developments.• Evaluated financial feasibility of new product (including: Pay per call & Pay per Sec) suites and tariff plans proposed to be set at the company.• Automated profitability statement in FI Cognos which helped in reducing the turnaround time for P&L preparation.• Involved in month on month regulatory reporting under various Indian regulatory frameworks on various metrics to Telecom Regulatory Authority of India (TRAI), Department of Telecommunication (DoT) and for various other shareholders.• Implementation of circle scorecard and preparation of Circle wise Long term Business Plan (LTBP), Annual Operating Plan (AOP) and monthly forecast.

Leadership Excellence And Advancement Program

ALEAP is a multi- modular Leadership Excellence and Advancement Program including Workshops, 360 feedback and Coaching intervention.

Management And Finance

This modular program spread across five months comprising Case sessions, lectures, workshops, tutorials, speaker sessions from Industry.

Ca, Management And Financial Analysis, Corporate Law, Taxation & Audit

Cs, Compliance, Law & Regulations

B.Com

Post Graduate Diploma In Accounting Standard And Usgaap, Accounting And Finance

Education record