Debendra Kumar Panda Email & Phone Number

Mumbai, Maharashtra, India

 Spearheading the Group Finance Function (CFO) having 4 Plants in India and one in UK as per defined policies and SOPs Managing Monthly Closing, Balance Sheet, P&L Analysis, Variance Analysis, identifying inefficiencies and taking corrective actions Formulating Annual Budget (Business Plan) and developing a strict review mechanism to control all expenses within the budget Steering the Monthly MIS Reporting of all financial results and working on improvement of profitability Developing presentation for Investor Relations, Other SEBI and ROCE compliance of Listed Companies Working closely with promoters for strategic business supports with relevant analytics and future strategy planning  Actively reviewing the plant’s performance on a weekly basis and providing recommendations on improvements  Effectively liaising with banks for Working Capital Limits, Fund Raising, Term Loans and Timely Compliance (SBI & Stand Chart) Managing Foreign Currency Loan, Hedging and clearing of EDPMS/IDPMS as per norms  Finalising and publishing financial results and dealing with Statutory Auditors, Tax Auditors and other stakeholders Conducting Board Meeting and presenting all financials to Board Members  Facilitating Physical Inventory, Assets Monitoring, Benchmarking of AR, AP and Inventory Days with Weekly Analysis Conducting Periodic Bank / Debtor-Creditor / Inventory Reconciliations and ensuring Physical Matching of Fixed Assets & Inventory Improving EBITDA and reducing Break-Even Points by reducing fixed cost Overseeing EX-IM Function and Compliance with RBI, DGFT. Monitoring Exports Benefits (MEIS, RoDTEP) Ensuring Direct/Indirect Taxation Compliance, handling notices from department and liaison with Consultants & Govt. Agencies Working on acquisition of plants in India & Abroad, entailing Due diligence & Valuation of Companies

Gurugram, Haryana, India

 Led the Financial Analysis & Due Diligence of Projects (Automobile, Renewable Energy) taken for acquisition in India & Asia Developed Financial Model, Investment Proposal and Project Report covering all parameters and presentations Drove capital investment analysis & calculation of IRR, Pay-Back, NPV and worked on Valuation of Companies Worked as a CFO of an Automobile Company in Thailand having an annual turnover of 1200 Cr. Steered complete restructuring of Finance function to increase efficiency, ensure timely closing of books and release of MIS to UK Effectively managed cash flow and restructuring of a long term debt of Rs.800 Cr with Bangkok Bank and other financial creditors with lower rate of interest and deferring repayment periods Identified Cost Reduction in RM, Labour and Overheads (Rs. 50 Cr. annually) and worked on its implementation Worked on complete turn-around of the company in terms of remodeling of cost & operational structure.  Liaised with Govt. Departments and Banks for taking refund of court fees and other refundable

Gurgaon, India

 Led the Consolidation, Analysis & Interpretation of Financial MIS of the Group and presented to management with KPIs  Administered the Finalization of Balance Sheet and handled Annual Audit, Cost Audit and Tax Audit with KPMG Drove the Annual Budget Exercise for all the Plants, consolidated, finalised, and presented it to management for approval Worked in close coordination with CFO/CEO to provide financial analytics and business supports for key decisions Monitored Physical Verification of Inventory, Fixed Assets, reconciling and correcting entries in SAP Played a key role in implementation of IFC, SOPs, DOAs and Other Internal Controls in SAP Led efforts for EBITDA improvement, reducing Fixed Cost to reset the Break-Even Points Performed Analysis of Debtors & Creditors and review of Collection against Plan, reduced the Working Capital Cycle Significantly contributed as a Key Member of the Turn-Around Team across India Operations. Successfully implemented:  Product Costing in all 22 Plants and monthly analysis of customer’s profitability, with correction of loss making parts FICO Module in SAP in 2012 and centrally managed the Costing Module of all the Plants  Closely monitored the Pricing Settlement of customer’s like MSIL, TML, Honda, Nissan, VECV, Ashok Leyland, Escorts etc. Provided inputs for New Product Pricing, RFQ Validation and Periodical Settlement with customers for price difference Identified opportunities for reducing cost within the business, accomplish savings in RM, Labour and Overheads and followed-up with different department to meet cost saving plan Conducted Financial Validation (IRR/NPV/PBP) of all Investment Proposals; prepared the Project Report for approval from Chairman in UK Executed the Price Revision Exercise from customers like TML, MSIL, NISAN, VECV, JCB, Escorts and Others. (Volume Based & ROE based costing for TML & VECV-benefiting the company with 10 Cr. Per Annum)

Gajroula-Up

 Led the Plant finance with timely and accurate completion of financial statements  Finalization of Balance Sheet and handled Annual Audit, Cost Audit and Tax Audit with PwC. Drove the Annual Budget Exercise (AOP) for all the Plants, consolidated, finalised, and presented it to management for approval Worked in close coordination with CFO/CEO to provide financial analytics and business supports for key decisions Monitored Physical Verification of Inventory, Fixed Assets, reconciling and correcting entries in SAP Product Costing and monthly analysis of customer’s profitability, with correction of loss making parts

Gurgaon, Haryana, India

 Product Costing in all 22 Plants and monthly analysis of customer’s profitability, with correction of loss making parts FICO Module in SAP in 2012 and centrally managed the Costing Module of all the Plants Closely monitored the Pricing Settlement of customer’s like MSIL, TML, Honda, Nissan, VECV, Ashok Leyland, Escorts etc. Provided inputs for New Product Pricing, RFQ Validation and Periodical Settlement with customers for price difference Identified opportunities for reducing cost within the business, accomplish savings in RM, Labour and Overheads and followed-up with different department to meet cost saving plan

Greater Noida

Manesar

Gurgaon, Haryana, India

Asansol Area, India

Fcma, Financial & Cost Management

Bachelor Of Commerce - Bcom, Accounting And Finance