Ashish Nayak

Ashish Nayak Email and Phone Number

Chief Financial Officer @ Intech Organics Limited
Mumbai, MH, IN
Ashish Nayak's Location
Mumbai, Maharashtra, India, India
About Ashish Nayak

1. Strategic:• Interact with Promoters/Investors (Local as well as foreign - including Joint ventures)• Business Strategy (Acquisition, Franchising, mapping of opportunities, expansion plan)• Design and development of Business Plan and Vision• Business Development• Valuation/Acquisition of Companies/Stores• Setting-up of Business in other countries (feasibility study, bank tie-up for Credit facilities, set-up office/warehouse)• Franchise Model (Developed franchise model, developed selection criteria for Franchisees, negotiate deals)• Setting up Manufacturing unit (location feasibility study, commercial feasibility, negotiate commercials, licensing)2. Finance and Accounts (Operational):• Project & working capital funding – tie up with Financial Institutions• Lead for implementation of ERP software (SAP B1, PeopleSoft, ESS, etc)• FOREX matters - FIPB and RBI clearance – liaison with Reserve Bank of India (RBI – Mumbai), Foreign Investment and Promotion Board (FIPB) and Ministry of Finance (New Delhi)• Budgeting and Forecasting• Design and implementation of internal control systems and procedures• Design MIS reports• Internal Audit (presentation to Audit Committee)• Development and monitoring of credit policies and collection process• Finalization of Accounts, Tax Audits and taxation matters • Costing matters• Statutory Compliances such as Income Tax, Excise, Sales Tax, Provident Fund, etc.3. Logistics:• Warehouse management• Domestic and international movement of stock and Fixed Assets• Handling of customs related matters (for imports) 4. Legal and Company law related matters:• Review title clearance for properties• Drafting agreements (franchise agreements, license agreements, lease agreements, etc.)• Handled Company law related matters5. Administrative:• Handled Insurance matters• Handled Admin matters (setting-up/shifting of Warehouse, Corporate office)

Ashish Nayak's Current Company Details
Intech Organics Limited

Intech Organics Limited

View
Chief Financial Officer
Mumbai, MH, IN
Employees:
22
Ashish Nayak Work Experience Details
  • Intech Organics Limited
    Chief Financial Officer
    Intech Organics Limited
    Mumbai, Mh, In
  • Punjab Chemicals And Crop Protection Limited
    Chief Financial Officer
    Punjab Chemicals And Crop Protection Limited Mar 2023 - Present
    Chandigarh, India
  • Supriya Lifescience Limited
    Chief Financial Officer
    Supriya Lifescience Limited Aug 2019 - Feb 2023
    Mumbai, Maharashtra, India
  • Malhotra Group
    Cfo
    Malhotra Group Jul 2017 - Jul 2019
    Mumbai
    Responsibilities: Business strategy (Feasibility on expansion plan and setting of new units) Funding for projects Standardize SOP’s for all locations Standardize MIS reports Finalization of Accounts, Tax Audits and taxation for the Group  Statutory Compliances such as Income Tax, GST, etc. Handled legal mattersMajor Achievements: Restructuring of loans resulting in substantial cost savings Integration of Inventory, procurement and sales module on common ERP platform
  • Crown Healthcare
    Group Chief Financial Officer
    Crown Healthcare Aug 2015 - Jul 2017
    Kenya
    - Associated as Group CFO, with a Corporate Group based in Nairobi, Kenya which is in to Healthcare supplies and having operations in East and West Africa. Responsibilities: Business Strategy (Feasibility on new product verticals, new markets) Business Plan and Budgeting Implementation of SAP B1  Setting up of effective Business Controls and mapping same to SAP B1. Redesigned the logistics and warehousing process and Credit Control process for better efficiencies Standardize MIS reports for the Group Finalization of Accounts, Tax Audits and taxation for the Group  Statutory Compliances such as Income Tax, VAT, etc. Handled legal mattersMajor Achievements: Improved working capital cycle by:o Setting up effective credit control processo Redesigned Warehouse layout resulting in smoother dispatches.o Inventory planning resulting in better stock turnover and lower pilferage/losseso Renegotiating better credit terms with suppliers Successful implementation of SAP B1 within timeline, integrating Business controls and processes and standardized reporting Recruit, train and monitor Finance team across the group Successful in getting refund of excess Interest charged by Bank on working capital facilities – equivalent to Rs 3 cr
  • Tommy Hilfiger
    Chief Financial Officer
    Tommy Hilfiger Jan 2010 - Jul 2015
    Mumbai Area, India
    Responsibilities: Interact with promoters – presentation to the Board of Directors, participate in Board of Directors and Investors meetings Business Strategy (Franchising, mapping of opportunities for setting new stores) Business Plan and Budgeting  Valuation of rights Designed Franchise model  Working capital funding – tie up with Financial Institutions M.I.S. reports - Design Finalization of Accounts, Tax Audits and taxation matters (including appeals with Income tax department) Statutory Compliances such as Income Tax, Excise, Sales Tax, Provident Fund, etc. Handled legal and Company law related mattersMajor Achievements: Successful launch of Franchise model Successful Tie-up with Financial Institutions for processing credit facilities
  • Timezone Group International
    Chief Financial Officer
    Timezone Group International May 2003 - Jan 2010
    Mumbai Area, India
    Responsibilities: Interact with Promoters/Investors Business Strategy  Business Plan and Vision  Business Development Valuation/Acquisition of competition business Franchise model Setting up manufacturing unit  Project & working capital funding for retail stores and manufacturing unit – tie up with Financial Institutions FOREX matters Process Audit & Internal Audit Costing matters Lead for implementation of Finance, Fixed Asset, Purchase and Inventory Module on ERP software Internal control systems and procedures - developing, designing and implementation  Designed M.I.S. reports Handling of customs related matters (for imports) Finalization of Accounts, Tax Audits and taxation matters (including appeals with Income tax department) Statutory Compliances such as Income Tax, Excise, Sales Tax, Provident Fund, renewal of licenses, etc. Development of collection, banking process and control mechanism. Handled Insurance matters Handled legal and Company law related matters Corporate office Administration related matters Major Achievements: FIPB & RBI clearance for Foreign Investment – liaison with Reserve Bank of India (RBI – Mumbai), Foreign Investment and Promotion Board (FIPB) and Ministry of Finance (New Delhi) Successful launch of retail stores Successful launch of manufacturing unit which resulted in import substitution and lowering project cost (Capital investment) by 15%, on account of saving in customs and international freight Successful Tie-up with Financial Institutions for processing of term loans and credit facilities. Effective launch of Franchise model Development and Implementation of effective Internal Controls Won case with Customs Appellate Tribunal pertaining to import of secondhand refurbished games Successful implementation on Software (ERP) Shifting of Warehouse & Corporate office (as a cost control measure)
  • Kalpataru Retail Ventures Pvt. Ltd.
    Manager Finance
    Kalpataru Retail Ventures Pvt. Ltd. Jan 2002 - Apr 2003
    Mumbai Area, India
    Responsibilities: Budgets Development and generation of M.I.S. reports viz. Monthly Profit and Loss and Balance Sheet, Fund flow reports, Variance analysis, Receivables ageing reports, etc. Costing matters Liaison with Financial Institutions. Financial Lead for Implementation of Finance, Fixed Asset, Inventory Control modules on Ebizframe Erp. Internal control systems and procedures - developing, designing and implementation. Job description, staff recruitment, training, etc. Internal audit. Finalization of accounts of Group Companies. Taxation work. Keeping track of payments to various suppliers and contractors.Major Achievements: Successful implementation of ERP software Preparation of project reports resulting in increased credit facilities from Financial Institutions.
  • Excel Industries Ltd.
    Assistant Manager Finance
    Excel Industries Ltd. Apr 1996 - Dec 2001
    Mumbai Area, India
    Responsibilities: Development of budgets. Development and generation of M.I.S. reports viz. Monthly Profit and Loss and Balance Sheet, Fund flow reports, Receivables ageing reports, Finished Goods Costing, etc. Internal control systems and procedures - developing, designing and implementation. Internal audit. Finalization of accounts of Group Companies. Costing and Taxation work.Major Achievements: Computerization of Corporate office and Factory Effective Internal Control Measures. Designed and implemented cost control measures resulting into reduction of operation cost by 2%.

Ashish Nayak Skills

Business Strategy Investor Relations Fundraising Banking Relationships Business Planning Planning Budgeting And Forecasting Information Management Strategic Planning Internal Process Development Internal Controls Cost Management Working Capital Management Profit Maximization Statutory Compliances Internal Audit Erp Implementations Statutory Audit Logistics Management Government Liason Administration Team Management Management Management Information Systems Business Development

Ashish Nayak Education Details

Frequently Asked Questions about Ashish Nayak

What company does Ashish Nayak work for?

Ashish Nayak works for Intech Organics Limited

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

Ashish Nayak's current role is Chief Financial Officer.

What schools did Ashish Nayak attend?

Ashish Nayak attended The Institute Of Chartered Accountants Of India, Laxmi Education Societys Chinai College Of Commerce & Economics Dr S Radhakrishnan Marg Andheri East Mumbai 400 069.

What skills is Ashish Nayak known for?

Ashish Nayak has skills like Business Strategy, Investor Relations, Fundraising, Banking Relationships, Business Planning, Planning Budgeting And Forecasting, Information Management, Strategic Planning, Internal Process Development, Internal Controls, Cost Management, Working Capital Management.

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