Balkishan Chandak Email & Phone Number

Mumbai, Maharashtra, India

• Partnering with CEO & Board in Fund Raising including creating target valuation, selecting investment banker, satisfying buyer's due diligence, deal structuring.• Successfully completed strenous DD done by one of the Big4 Firms, extracting & putting the Cos. data in proper shape for last 5 years during tough COVID times.• Instrumental in guiding the Tax Structuring of the transaction whereby Promotor's contribution increases. • Took a hard decision to hold on all activity & focused entire finance team to starting the ERP implementation & added many features to help in day to day functioning of the Dept.• Revolutionized the FP&A function to focus on LOB profitability, generating MIS Deck from ERP & introduction of Management Note on monthly Performance.• Accountable for business risk management, financing arrangements, business insurance, supplier negotiation, advice HR policies.• Motivating the Team during tough COVID period with knowledge sharing, meeting goals, discipline in reporting, business ethics.

Mumbai

What we do......1. Shared CFO Services................Your CFO is always near you2. Business Advisory Services.......Restructuring business3. Governance...............................Process reviews and transaction checks4. Business Plan & Fund Raising ...Developing strategies for growthOur key offerings :Develop actionable business strategies Optimize & leverage existing business processes including internal controls & systems. Implement knowledge/information sharing technologies. Leverage deep understanding of Indian and Global business environment to business advantageCompetitive PricingOur approach :Quality services from CFO’s only……Partners personally lead the projectNo advice but practicable & workable alternatives and oversee timely executionsRespect Client confidentialityTried and tested solution applied onlyEmphasis on ONSITE Presence

Mumbai Area, India

As a Partner of CFO Bridge LLP, i have handled various CFO assignments ranging from :-1. 5 years Business Plan & Investor pitch deck for Alternative Credit Scoring technology Co.2. MIS Deck (Financial and non Financial), Gross Margin increase, Production planning for a Plastic Mould Manufacturing Co.3. MIS, Audit, Investor Pitch deck, Foreign Trust setup and subsidiary in Singapore for a Media Co.4. 5 years Business Plan & Investor pitch deck for NBFC Co. 5. DD for a HR Co. for acquisition6. Preparatory work for listing in London Stock Exchange and raising money from overseas investors for a mapping Co.7. Shareholders agreement, Founders Agreement etc...

Mumbai

* Handling Finance & Accounts, Procurement & Supply Chain, Legal & Secretarial, and IT* Developed and implemented a comprehensive strategic planning process by providing clear definition of target customers, target market and target services. Improved alignment of services with numerous defined markets resulting Sales at 114% of Plan. Also initiated market research study for FM capability in India in Automotive sector.* Initiated strategies to redeploy company resources resulting in improving of marginal contribution from 13% to 17% by partial withdrawal from high risk high DSO & low margin sites and thereby reducing EBIT Loss from 6.5 cr to 1.5 cr.* Reduced Receivables write-offs by Rs. 1 cr by developing credit policies, instituting aggressive collection strategies and establishing constructive dialogue with delinquent accounts.• Instrumental in the Co’s growth of 50% in 2013 by bringing a new account worth 25cr. Similarly in 2009-11 by 15% through introduction of Front Line Managers Sales Incentive programme.• Implemented Annual business plan with site level detailing. Orchestrated plan process with all department, sites and senior management concluding with the presentation of final budget approved by International COO. Just implemented quarterly forecasting of Financial Results vs Budget and annual consensus expectations.• Designed a comprehensive MIS system & an AR Dashboard for Indian operation thereby resolving long standing profit measurement problem of each sites, and created an infrastructure to support corporate growth.• Reduced Receivables write-offs by Rs. 1 cr by developing credit policies, instituting aggressive collection strategies and establishing constructive dialogue with delinquent accounts.• Bailed the Co. from a negative cash flow situation of Rs. 2.5 cr. to positive of Rs. 30 lakhs & simultaneously managed financial resources through severe cash austerity. Reduced the DSO of the Co. from 125 days to 90 days.

Mumbai Area, India

Managing all areas as a CFO of the Co. under Finance & Accounts which includes MIS, Budgeting & Forecasting, Insurance, Accounting controls, and Imports, Legal & Secretarial, IT & Admin etc.• Arranged FIPB approval for “ETAM” and “Lee Cooper” and set up JV Co. in India.• Financials remodeling by converting Consignment model to Outright billing thereby saving future Service Tax.• Arranged Bank financing of Rs. 20 crores.• Negotiated with ETAM, France on differential sourcing cost and took credit of Rs. 50 lakhs.• Reduced sourcing cost of merchandise by 20% by setting up China platform for Imports. Added further savings to the bottom-line by taking over the Imports function. • Suggested to the Board with different scenarios of the business plan, restructuring of the capital, moving out of bad location, cutting down expansion plan for a year, reducing team size thereby achieving the goal of EBIDTA.• Arranged Royalty waiver from the JV Partners thereby increasing the margins by 3%.• Implemented SAP for ETAM. Also successfully ran the pilot project of Projects, Cross Co. stock transfer & Imports module for Future Group.• Lastly was working on setting up business process blue print, designing internal controls & IT functionality for the Hidesign’s JV Co with Future Group.

-> Ensuring monthly & quarterly finalization of Corporate A/c’s as per listing requirements, MIS Reports & compliance with all the Accounting Standards.---> IPO work---> Insurance---> Project Accounting---> Corporate Tax Planning

Mumbai

Varanasi

Ca, Finance, Accounts, Costing & Taxation, Passed Inter And Final Both Groups In First Attempt And When First Due

Company Secretary, Corporate Law, Secretarial Matter

Passed Inter and Final Group I in first attempt and when first due.

Bachelor Of Commerce (B.Com.(H)), Acounts, Law Economics Maths, I

Chartered Accountant, Business/Commerce, General