Ca Prashant Bhattad Email & Phone Number

Hyderabad Area, India

Management Consultancy, Project Financing, Statutory Audit, Internal Audit, Tax Consultancy, GST, Income Tax Matters

Hyderabad Area, India

Leading a team of 20, heading the Insurance and financial products distribution network with a finance budget of INR 75 Crores Heading the Insurance and financial products distribution division of the group  Involved in building the complete Branch network for the insurance and financial products and setting up more than 100 branches in 9 months  Ensured proper process being implemented for reporting from the branches and involved in designing the software  See that the IRDA guidelines are being followed up in the branches and do the regulatory reporting as per the IRDA guidelines  Negotiating with the vendors and the partners and entering into agreements Accounts and Reports Provided management and Board with MIS, balance sheet and various monthly reports for all strategic decisions  Approved the Branch setup and other infrastructure requirements and see that the same is within the Budgets and as per the standards.  Oversee statutory compliance related to income and service tax, deliver online authorizations for e-TDS, advance and tax after studying the weekly fund flow statements Supervised TDS, Service Tax, ESI, PF, PT payments and return filing by giving timely MIS with product-wise breakdown and company wise to management to change product focus if required and developing incentive programs for the sales team for generating maximum revenue. Ensuring the invoices being raised on various companies are as per agreed rates and timely collection of the same.

Hyderabad Area, India

Leading a team of 25, handling 7 branches with a finance budget of INR 80 crores  Networked with investment bankers and venture capitalists to prepare financial documents for raising funds worth USD 7 million from private equity investors towards business expansion  Increased the working capital from banks from INR 4.40 cores to INR 7.50 crores and prepared all required financial documents  Ensured daily and standardized stock reports from all stores, for purchases worth INR 40 crore from 150 vendors and centralized their payments for uniformity and improved control  Implemented regular debtors reconciliation worth INR 60 crores by listing outstanding issues according to branches and due date thus helping to track the same  Was involved in the demerger of an line of activity into another subsidiary  Computed the difference of 20% between projected and actual sales results and tied up with a Hong Kong manufacturer for exclusive sales partnerships Accounts and Reports Provided management and investors with MIS, balance sheet and various monthly reports for all strategic decisions  Approved the ERP transactions after scrutinizing the tax calculations and SAP reports to ensure the proper processes are followed  Oversee statutory compliance related to income and sales tax, deliver online authorizations for e-TDS, advance, service and sales tax after studying the weekly fund flow statements  Supervised monthly VAT, TDS, ESI, PF, PT payments and return filing by giving timely MIS with product-wise breakdown sales to management to change product focus if required

Hyderabad Area, India

Was the Head of Finance and was handling the completing accounting and Finance of the Company,Handled the Branches and the Franchise for the retail stores

Pune Area, India

 Preparing the financial statements as per the IFRS accounting policies for the consolidation purpose of the parent company Preparing the MIS and various monthly reports as per the parent company requirements. Preparation of Transfer pricing report and attending the transfer pricing assessment. Budgetary controls, laying down targets to be achieved and monitoring the expenses as per the budgets and reducing the cost, giving an complete comparison of Budget with the monthly MIS to the group management in Switzerland. Dealing with Banks for the purpose of appraisal, assessment and preparation of working capital requirements. To look after all statutory compliance relating to TDS, Advance Tax, Sales Tax and other statutory obligations. Liasioning with Sales Tax & Income Tax authorities.  Handling the Branch transactions and controlling from Head Office.

Chartered Accountancy, Accounting And Finance

Got the second highest marks in Advanced Accountancy in Hyderabad Chapter

Bachelor Of Commerce (B.Com.), Accounting And Business/Management, 90%

Toped in Stastics and Income Tax