Sanjay Rustagi Email & Phone Number

New Delhi Area, India

New Delhi Area, India

• Heading Finance function (Accounting, Taxation, Treasury and Internal controls) – Implemented SAP, Transition to Ind AS, building of ECL (expected credit loss model), Supervising Audits – Statutory, Limited Review, Tax and Regulatory RBI, Closure of audit observation (Internal, Statutory & Regulatory, RBI) in a timely manner. • Actively involved in raising of debt fund (LT Debt raised close to Rs 2,500 crores), negotiation with lenders, and continuously maintained lowest cost of borrowing among peers. • Prepare and give presentations in audit committee meetings and board meetings for finance matters.• Maintaining day-to-day operations with credit rating agencies, Investors (HNIs & fund managers), Bankers and regulator (RBI), experience in handling investor queries on finance/ business matters during quarterly investor call & AGM. • Build business plan and get it approved by Audit Committee and Board of Directors. • Overseeing:o Periodic evaluation of internal control systems with a view to highlight gaps, shortcomings in the system & ensure implementation of recommendations of auditors. o Payroll, intercompany billing, fixed asset, foreign pay out, customer reconciliation, buy-to-pay process, account reconciliation and tax computation & payment. • Headed Monitoring function for two years. Responsivities - monitoring of project progress, ensure security and financial convents compliance and resolution of adverse observation on above and take it to logical conclusion. Built operational database of project financed, which facilitate identification of key concern area and enable timely corrective action.• Responsible for identifying early stress for loan accounts and implemented plan/ strategy in the interest of lenders. Identified and managed to prepay the likely stressed loan accounts amounting to Rs. 500+ crores. • Build operational risk framework/ risk control matrix for the entity in consultation with CRISIL.

New Delhi Area, India

Gurgaon

Role – Reporting to CFO • Spearheading a gamut of tasks pertaining to maintenance and closing of books of accounts as per US GAAP and IGAAP. Received GE India Award in June 2014 – Clear Thinker for completion of statutory audit within two weeks’ time. • Supervising Statutory Audit, Tax Audit and CAS Audit (Corporate Audit Staff. • GE Capital International HQ Award – Learn and Adopt to Win in Jan’15 for implementation of new process with respect to change in reporting timelines in coordination with other functions.• Instrumental in preparing the process for high risk payments (3PR), adhered to FCPA compliance, setup of the approval hierarchy and other control processes on B2P (Buy to Pay). Distinction of implementing B2P process for capital India on SSS (Shared Sourcing Services); honoured with GE Capital Asia Pacific Region Award – Expertise in Sep’12.• Earned GE India Award in Jan’14 – Clear Thinker for automating various processes in co-ordination with IT Team. • Conceptualising the process / work flow for key business process (approval process, disbursement, collection, closure of loan process, cash controls, AP process and various reserve models). Drafting and implementing SOP for finance process• Overseeing:o Periodic evaluation of internal control systems with a view to highlight gaps, shortcomings in the system & implementing recommendations of auditorso Payroll, intercompany billing, fixed asset, foreign pay out, customer reconciliation, petty cash, buy-to- pay process, account reconciliation, tax payment and reserving models o Preparation of MIS reports, cash & fund flow statement and other financial reports• Successfully executed reconciliation of TDS receivable account for last 12 years outstanding as on Mar’13 amounting to Rs. 200 Crores• Realigned the work between team and automation of few processes, thereby saving of 20% headcount and 30% cost with increased accuracy.

Delhi

Role: Reporting to CFOHighlights:• Steered finance operations of 18 branches - three business units, maintained statutory books of accounts, statutory and tax compliance, formulated budgets and conducting variance analysis to verify difference between projected & actual results and implementing corrective measures. • Supervised the execution of deals for sale of loan portfolio to private banks closed to Rs 500+ Crore. • Merit of implementing ERP accounting software, AXAPTA, without hampering business operations, thus improving the process efficiency by 40%. and subsequent modification due to regulatory changes• Performed detailed study and analysis to implement changes in the control process for 3 business units, successfully converted operations from silos to systems to register improved efficiencies and effective decision-making• Successfully restructured and categorised job responsibilities, thus saving manpower by 10% and manpower cost by 20%• Efficiently circulated department wise expenses to every department for controlling the expenses by 15% • Effectively reconciled accounts with client and vendors and improved the receivables and payables from 20% to above 90%• Recognised for developing simplified tools on spreadsheets for complex calculations for marketing team to reduce lead time by 60%

• Responsible for reporting to holding company at Sweden and periodic reconciliation of reported figures with books• Consolidation of annual accounts as per Electrolux Accounting Manual (International accounting standard), Indian GAAP and Unaudited Quarterly Results as per listing agreement. Keeping track of reconciliation items between Indian GAAP and International accounting standard • Planning and coordination with auditors (PWC) and finance controllers for timely completion of audits at all locations and disposal of pending audit queries at head office• Preparation of final entries such as warranty provision, guarantee reserve, royalty expense• Annual Budget preparation for the organization in coordination with other departments/locations• Issuing instructions and clarification to departments/locations to ensure correct projections for annual budget• Incorporating approved annual budget in the system (JDE Edwards), which includes coordination with IT department and locations• Periodic review & analysis of actual Vs. budgets and controlling expenses to ensure adherence to budgeted figures• Bridge analysis (Budgeted Vs Actual performance)Highlights:• Efficiently resolved the issue of reconciliation between accounts as per IGAAP and IAS• Successfully standardized accounting code and report formats, thus resulting in timely and accurately consolidation of accounts• Represented the Commercial Team in Branch Operation Manual• Participated in cost reduction program with Renior Consultants (UK based consultant)

New Delhi Area, India

• Audit - Independently handled Statutory Audit, Tax Audit, Limited Review Audit and internal Audit of companies: Cement : Ambuja Cement Eastern Limited, Vikram Cement (Unit of Grasim) Textile : OCM Textile (Unit of Birla VXL Limited), Bhiwani Textile (Unit of Grasim) Financial Institution : IFCI Limited  Telecommunication : Modi Korea Telecommunication Limited Media : Times of India Metal : Jindal Strip Limited, Vikram Ispat (Unit of Grasim Limited)• Revaluation of Fixed Assets (JK Paper and JK industries Limited) • Due Diligence Review (INDOMAG Steel Technology Limited)

Education record

Accounts Audit

Icwai, Commerce

B.Com(Hons), Commerce, 1St Division And 3Rd Position In College

12, Commerce