Ca Amit Choudhary

Ca Amit Choudhary Email and Phone Number

Senior Vice President Finance @ Orbicular Pharmaceutical Technologies
Hyderabad, IN
Ca Amit Choudhary's Location
Mumbai, Maharashtra, India, India
About Ca Amit Choudhary

Career Snapshot•A finance professional having over 20 years of experience in accounting, budgeting, fund planning & forecasting, taxation, capital investment management, controls, statutory compliance and receivable & payable management, Experience of working in Sales Control function, Start-up, Green Field & Brown Field Project-Capex Management, R&D function, Factory, Logistics  Experience in M&A deals, Divestment deals, Demergers and Brand acquisition Entity Valuations, intangible valuations, subsidiary valuations Experience in obtaining Export Oriented Unit (EOU) license Availing incentives for a factory in a Special Economic Zone (SEZ) Managing Capital Investment of more than INR 3000 million in a Green Field Project and INR 1000 million in Brown Field ProjectSpecialities:Co-piloting, Business Decision Support, Operation, management and support, Process design & improvement, Governance and Internal Control,

Ca Amit Choudhary's Current Company Details
Orbicular Pharmaceutical Technologies

Orbicular Pharmaceutical Technologies

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Senior Vice President Finance
Hyderabad, IN
Employees:
11169
Ca Amit Choudhary Work Experience Details
  • Orbicular Pharmaceutical Technologies
    Senior Vice President Finance
    Orbicular Pharmaceutical Technologies
    Hyderabad, In
  • Glenmark Pharmaceuticals
    Vice President Finance
    Glenmark Pharmaceuticals Jul 2021 - Present
    India
    • Lead Finance in various out licensing & in licensing deals of various generic & New Chemical Entity molecules for Global marketso Financial evaluation of deals from tax, cash flow, profitability, and risk perspectiveo Scenarios modelling for identifying the optimum price to be quoted for a potential new deal in Out-licensing or In-licensing of molecules• Identifying & suggesting sale of molecules within the entity from high tax jurisdiction to low tax jurisdictiono Identifying the molecules which can be transferredo Valuation of moleculeso Payback period of additional tax on the Transfer value of moleculeso Preparing business case for transfer of molecules• Valuation of intangibles & subsidiaries from impairment perspectiveo o Valuation of subsidiary to evaluate impairment of investment in subsidiary.• Business Finance Partner for Global R&D Operations & Business Development (BD)-Out-licensing & In-licensing collaborations• Partnering R&D finance for NME, Biosimilars, Generic business, Specialty portfolio, Pharmacovigilance, Regulatory operations, Business Development• Consolidation of budgets & financials of the above business verticals• Monthly reviews with each vertical head, CFO & CMD. Presenting overall cash flow situation, forecasts, LE’s & timelines, budgets & variances• CRO Management & Negotiation. Finalizing the milestone payments for all clinical studies through CRO• • Accounting: Finalization of books (P&L) for 2 Swiss entities (Holding company with 18 subsidiaries)Special Projects:• Finance Lead for Brand Divestment in cross border deals.o Brand valuationo Evaluating tax implication on the deal and suggesting the best option to reduce the ETRo In depth evaluation of the agreement between the parties• Demerger of "New Biological Entity (NBE) Business" into a separate entityo Finalizing the funding proposal for the Demerged entity through the Parent entityo Creating documents for substantiating Form over Substance
  • Glenmark Pharmaceuticals
    Gm Finance
    Glenmark Pharmaceuticals Aug 2014 - Present
    Mumbai Area, India
    Business Finance lead for Global R&D Operations, partnering NME,NBE & Generic business, Speciality portfolio, Pharmacovigilance, Regulatory operations, Consolidation of budgets & financials of the above business verticalsManaging individuals business cash flows & consolidated cash flowsMonthly reviews with each vertical head, CFO & CMD. Presenting overall cash flow situation, forecasts, LE’s & timelines, budgets & variancesProviding business level, country level MIS clearly highlighting performance level, latest estimates, rolling forecast, excesses against budgetsOptimum tax planning to ensure tax efficient structure for R&D spends, IP ownership & cross chargesMonitoring governance & improving internal controls, process improvementFinancial management of capex involving expansion of existing R&D unit in a brown filed project, capitalisation of assets of over Rs 100 croreCRO Management & Negotiation. Finalizing the milestone payments for all clinical studies through CRODriving reduction or optimization of overheads across all verticalsStatutory & Commercial Compliance, Internal Controls, Financial validation of all contracts & optimum tax planningDecision support to operations teamImplementing of Project System through SAP in NME & NBE
  • Glenmark Pharmaceuticals
    Senior General Manager & Head Business Finance
    Glenmark Pharmaceuticals Jan 2017 - Oct 2021
    Mumbai, Maharashtra, India
    Finance lead to business development-In-licensing & Out-licensing of molecules
  • Nestle
    Controller-Nestle R&D Centre India
    Nestle Sep 2011 - May 2014
    Manesar
    Nestle R&D Centre India Private Limited: This is a Green Field Project with investment of over INR 3000 millionCurrent Designation: ControllerLocation: Gurgaon Duration: September 2011 to May 2014Job Responsibilities>S• Being a startup, built the organization from scratch. Hired talent to fit the role. Handled multimillion dollar CAPEX• Capital Investment Management of over INR 3000 million in a Green Field Project• Setting up of the Finance & Control structure at the Centre- resource & workflow• Identifying critical business activities and putting in place controls to ensure business continuity• Optimum Tax Planning of the Centre & getting EOU license for the company• Responsible for monthly, quarterly, yearly financial closing – Balance sheet, Profit and Loss Account and Cash Flows. Ensuring the financial results are prepared in accordance with the general accepted accounting principles (GAAP)• Identifying scalable business processes and transition of activities & processes to shared service structure• Responsible for audits viz. Statutory Audit, Internal Audit, Tax Audit, VAT Audit, compliance• Capitalization & Management of Fixed Assets of over INR 3 billion in line with the requirement under IAS & NAS
  • Nestlé India
    Assistant Controller
    Nestlé India Jul 2007 - Aug 2011
    Kolkata
    Sales Control Function>Claim management & control function of 400+ distributors spread across the region>Control over bad good destruction>Checks and control over display claims>Managing price changes of products including improvement of controls on issue of credit notes for price changes to distributors.>Implementing various kinds of control mechanism to check the operation & roll out of various sales promotion activities. >Stock Control & Management>Compliance>Team Management>Managing a team of 9 people. It included a system of regular feedback & performance evaluation, identifying the training requirements and arranging for the same etc.>Spend & Payable Management>Receivable & Credit Management
  • Roche Diagnostics
    Regional Commercial Manager
    Roche Diagnostics Oct 2005 - Jun 2007
    Chennai Area, India
    •Commercial Functions – managing the sales indents; monitoring the credit limit of the distributors on a regular basis ; monitoring of special discounts extended to customers; monitoring the division expenses•Controlling CFA Operations – management of the regional C&F agent, namely ensuring delivery within 24 hrs, POD reports, monthly stock taking, stock audit, ensuring proper storage of materials, ensuring stocking is adequate in the region•Financial Functions – ensuring proper control over the debtors ;supervising and maintenance of accounts of the region, processing all the claims of the stockiest towards credit notes; Making budgets relating to the regional expenses; processing of expenses of all the employees of the region; Financial Analysis of sales, collections, profitability, special contracts, etc.•Statutory Functions – ensuring all sales tax related payments are made on time and filing of sales tax returns;
  • Gati Limited (Gati Coast To Coast)
    Finance Manager At Their Shipping Division
    Gati Limited (Gati Coast To Coast) Apr 2005 - Sep 2005
    Chennai Area, India
    •Financial Functions – working capital management, receivable and payable management, cash flow monitoring, cash and capital budgeting, variance analysis of revenues, expense and collection. •Accounting Functions – supervising proper maintenance of accounts of all branches (Port Blair, Singapore and Rangoon) and HO at Chennai; preparation of monthly Profit/Loss statements and Balance Sheet; determination of consolidated profits; guiding employees for tax planning
  • Manaksia Limited
    Manager Accounts At Guwahati Factory
    Manaksia Limited Jul 2003 - Mar 2005
    Guwahati Area, India
    •Overall responsibility for Financial Accounting, Statutory (Commercial) Compliances, and Financial Commitments at the Factory. To act as a custodian of all the Factory Assets•Instituting internal financial controls and SOPs in all the areas and ensuring their continued existence; by doing periodic checks & process audits.•Planning funds requirements, and ensuring that sufficient excise balances and cash/bank funds are available on a day-to-day basis, keeping tight control over these balances. •Ensuring that the records/returns required under various commercial laws are kept/submitted properly and up-to-date, and also ensuring that various commercial laws (eg: Excise, Sales Tax, VAT, TDS, Service Tax, etc) are complied with.

Ca Amit Choudhary Education Details

Frequently Asked Questions about Ca Amit Choudhary

What company does Ca Amit Choudhary work for?

Ca Amit Choudhary works for Orbicular Pharmaceutical Technologies

What is Ca Amit Choudhary's role at the current company?

Ca Amit Choudhary's current role is Senior Vice President Finance.

What schools did Ca Amit Choudhary attend?

Ca Amit Choudhary attended The Institute Of Chartered Accountants Of India, St Xaviers College Kolkata, St Augustines Day School,kolkata.

Who are Ca Amit Choudhary's colleagues?

Ca Amit Choudhary's colleagues are Ajit Jagadale, Pankaj Sharma, Ganesh Kangane, Ayan Ghoshal, Souvik Maity, Prajakta Mengade Lohote, Ravi Gangad.

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