Ashish Bhagat

Ashish Bhagat Email and Phone Number

Strategic & Seasoned Finance Leader I CFO - Motherson Technology, CA - All India Rank - 14th / 24 years PQE/ Ex - Startups (Cowrks /OLA Foods), Oxford University Press / HCL Technologies / EXL Services / Coca Cola @ Motherson Technology Services
Ashish Bhagat's Location
Delhi, India, India
Ashish Bhagat's Contact Details

Ashish Bhagat work email

Ashish Bhagat personal email

About Ashish Bhagat

Ashish Bhagat is a seasoned Finance and Business Leader with more than 24 years' experience in diverse industries like Internet, Technology, FMCG, BPM, FMCD. He holds a Chartered Accountant degree and has deep knowledge of digital technologies and business models. He cleared his CA in 1999 with an AIR of 14th and CA Foundation in 1995 with AIR of 20th and has been a recipient of multiple awards.Ashish has worked in various industries including startups, Indian multinationals, foreign multinationals and has excellent Analytical, Organizational, Leadership skills and is able to blend financial nuances with practical business applications. He has exhibited strong skills in FPA, Controllership, Budgeting, Treasury, Tax, Due Diligence, Strategy over 24 years of his professional life.Ashish is currently working as a CFO for Motherson Technology Services Limited

Ashish Bhagat's Current Company Details
Motherson Technology Services

Motherson Technology Services

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Strategic & Seasoned Finance Leader I CFO - Motherson Technology, CA - All India Rank - 14th / 24 years PQE/ Ex - Startups (Cowrks /OLA Foods), Oxford University Press / HCL Technologies / EXL Services / Coca Cola
Ashish Bhagat Work Experience Details
  • Motherson Technology Services
    Chief Financial Officer
    Motherson Technology Services Mar 2021 - Present
    Noida, Uttar Pradesh, In
    Motherson Technology Services Limited (MIND/ MTSL) CFO-VP Finance – Head of Finance, Commercial, legal, Administration [ April 2023 onwards] • Working as CFO [Chief Financial officer] since April 2023 managing entire Finance function, commercial, legal and Administration.• Responsible for leading the Finance Team including accounting, finance, Annual audit [Big4], tax and treasury function, financial risk management function alongside developing financial strategies, and ensuring all financial framework align with Organisation’s overall mission and corporate strategy.• Providing recommendation for improvement and strategic initiatives to the Board of Directors.AVP – Finance – Head of FPA and Pricing Function [March 2021-March 2023] • Established Pricing and FPA Function.• Heading Pricing and Financial Planning Analysis (FPA) function for a Motherson Group Entity • Working closely with Business in driving deal closures along with vendor partners for optimising cost thereby increasing margins for the Business.• Implementing Cost control and Operational efficiencies across the Organisation• Helping CEO in setting up KPI’s for measuring Business performance.• Transition the Organisation from an indigenous ERP (Empro) to SAP
  • Start Ups ( Cowrks / Ola Food Business)
    Head Of Finance
    Start Ups ( Cowrks / Ola Food Business) Oct 2019 - Mar 2021
    Cowrks India P Limited (A Brookfield Company) May 2020- March 2021Director – Finance – Cowrks (Prior to Acquisition)On Rolls of APS (sister entity) from May 2020 till September 2020 and subsequently on Cowrks India Pvt Limited• Providing financial leadership to the Business • Responsible for managing entire Finance function including FPA, Accounting, Credit, Tax, Statutory reporting, Business planning and compliance functions• Implementing Cost optimisations through negotiations with Landlords on major component of Property rent.• Finance leadership interface with sales and customer service teams • Actively involved in Due Diligence exercise with 3P for sell transaction to BrookfieldANI Technologies Pvt. Ltd (OLA) October 2019- April 2020Director – Finance/Head of Food Business Finance • Providing financial leadership for Food Business.• Helping and setting up reporting structure for financial to be reported to Board and Investors • Worked extensively on cost optimisation to reduce the cash-burn of Business and thereby drive Organisation matrix
  • Oxford University Press
    Associate Director
    Oxford University Press Mar 2014 - Oct 2019
    Oxford, Gb
    Associate Director – Operations (October 2018 - October 2019)•Driving commercial and process efficiencies in £ 15 m spendsBranch Finance Controller (International Assignment to UK: February 2018 - September 2018)• Financial oversight for £125 m business spread across geographies in Europe and Latin America Associate Director – Finance (April 2017 - February 2018)General Manager – Finance (March 2014 - March 2017)•Headed a team of 30 across Financial Planning & Analysis, Accounting, Credit, Tax, Statutory reporting, Business planning and compliance•Set up Financial Planning and Analysis function and partnered with business for commercial aspects of new business opportunities •Successful transitioning to GST in 2017•Evaluating Cost control opportunities and implementing them
  • Hcl Technologies
    Associate Director
    Hcl Technologies Nov 2009 - Mar 2014
    Noida, Uttar Pradesh, In
    Associate Director – Finance (January 2014- March 2014)General Manager Finance (Nov 2011- December 2013)Deputy General Manager (Nov 2009- Nov 2011)•Member of CEO office (from June 2012), driving business performance including formalisation of annual Business and Board plan across various verticals & horizontals factoring leading and lagging indicators•Liaised with Business leaders for setting up KPI targets, evaluating critical deals and driving performance optimisation•Liaised with consultants for improving EBIT margins through project BOOST•Managed a team of 20 as Head - Finance (India business) - $225 m (before June 2012), responsible for: o Pricing function - System Integration deals, Total outsourcing deals, Apps related & TIS deals. o Evaluated Financing options with vendors to protect organisation cash flow mismatches due to staggered payment termso Finance Project Management: System Integration deals to ensure revenue and cost are recognised as per acceptable USGAAP norms and within budgetso MIS reporting including rolling PL forecast, DSO analysis, Management Parameter Reports, Leadership deck, Budget – annual & 5YPo Budgets- yearly & 5 year plano Devised Business strategies o Presented financials to the CEO and Board during Budget and quarterly reviewso Finance leadership interface with sales and delivery teams.
  • Exl
    Associate Vice President
    Exl Jun 2007 - Oct 2009
    New York, Ny, Us
    •Headed Finance Function for Inductis ($30 m) : Heading a team of 6 and responsible for Financial planning and Analysis, controllership, reporting of local and USGAAP among others •Revenue Controller for EXL Group: Worked with Business for effective revenue recognition as per USGAAP for service contracts including T&M, FPP, service billing•Responsible for controllership activities as Revenue Controller including: oBusiness plan, monthly P&L and variance, BS analysis, cash flowsoMonthly closing including accruals and closing oAudits – statutory IGAAP and USGAAPoTaxation – Transfer pricing , service tax and STPI requirement
  • Fidelity Investments
    Finance Manager
    Fidelity Investments Dec 2006 - Jun 2007
    Boston, Ma, Us
    •Reporting & maintenance of Group Asset Database (GAD) including reporting of assets worth $280 m along with calculation of Transfer Pricing / sub advisory fees between various FIL entities
  • Motorola India Private Limited
    Finance Analyst
    Motorola India Private Limited Aug 2005 - Dec 2006
    •Responsible for Finance Project Management for non-Government Accounts like Tata, Hutch, BPL, Reliance, Spice :oProject Accounting function for largest customer, handling accounting, budgeting, forecasting, revenue and cost recognition as per USGAAP, billing and collections among others oFinancial Reporting of respective accounts and business partneringoReview and approval of Letter of Credit (LC’s). oResponsible for indirect tax compliance of Motorola networks Division
  • Coca-Cola India Limited
    Associate Manager - Finance
    Coca-Cola India Limited Oct 2002 - Aug 2005
    Associate Manager – Treasury (Head Office)Assistant Manager- Finance (Plant)•Responsible for Cash Management activities for CCI and:oReported & budgeted for Treasury operation to US office (Atlanta) - Cash Flow Analysis, Variance between projections and actuals, Dollar Rupee Rate and hedges, Treasury P/L - actual and rolling Estimates, Capital employed, and annual reportsoCapital Budget allocation: Prepared and reviewed project feasibility reports and allocating capital budgets oInsurance Cover for all operations including transit and Fire and Burglary •Assistant Manager Finance (Plant – Bangalore) - heading a team of 15: oControllership: included Accounts Payable, Accounts ReceivableoReporting and Budgeting: Actual periodic financials including TB, BS and P/L, responsible for Business Plan and Rolling estimatesoSales and Distribution: Analysis of discounting schemes, their impact on financials; tracked and managed discount in Direct and Indirect routes. Oversaw Distributor Management, Credit Analysis, and A/R related activitiesoSAP Implementation: assisted the SAP team to implement and stabilise SAP in the unitoIGAAP/UGAAP/CAD/SOX Compliance: responsible for all audit at unit - UGAAP, IGAAP. Cleared CAD Audit without any high risk item.

Ashish Bhagat Skills

Auditing Management Computer Networking Managerial Finance Forecasting Accounting Team Management Finance Management Information Systems Vendor Management Corporate Finance Auditor Financial Analysis Analysis Budgets Internal Audit

Ashish Bhagat Education Details

  • The Institute Of Chartered Accountants Of India
    The Institute Of Chartered Accountants Of India
    Commerce
  • Chhatrapati Shahu Ji Maharaj University
    Chhatrapati Shahu Ji Maharaj University
    Finance/Commerce

Frequently Asked Questions about Ashish Bhagat

What company does Ashish Bhagat work for?

Ashish Bhagat works for Motherson Technology Services

What is Ashish Bhagat's role at the current company?

Ashish Bhagat's current role is Strategic & Seasoned Finance Leader I CFO - Motherson Technology, CA - All India Rank - 14th / 24 years PQE/ Ex - Startups (Cowrks /OLA Foods), Oxford University Press / HCL Technologies / EXL Services / Coca Cola.

What is Ashish Bhagat's email address?

Ashish Bhagat's email address is as****@****pro.com

What schools did Ashish Bhagat attend?

Ashish Bhagat attended The Institute Of Chartered Accountants Of India, Chhatrapati Shahu Ji Maharaj University.

What skills is Ashish Bhagat known for?

Ashish Bhagat has skills like Auditing, Management, Computer Networking, Managerial Finance, Forecasting, Accounting, Team Management, Finance, Management Information Systems, Vendor Management, Corporate Finance, Auditor.

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