"You are the maker of your own destiny" Swami VivekanandaThis has been the guiding principle for me throughout my career of 30+ years in search for continuous improvement.My leadership philosophy centers around mentoring, building trust, embracing change and nudging my team towards continuous improvement.I enjoy leading and mentoring teams to achieve success.My key achievements so far have been (hope to achieve many more)• Successfully managed team of 22 in treasury and tax.• Designed, implemented and managed global treasury center for treasury activities for Global entities. Handled Treasury transitions for several foreign entities.• Streamlined Treasury compliance activities and setup systems to reduce non compliance treasury transactions.• Improved the Peakon score from 7.6 to 9.1 by successfully recruiting right talent, mentoring the team and transform it to a performing Treasury and Tax team• Designed global tax excellence center for Tax activities for the group.• Reduced cycle by 3 working days and improved efficiency & timelines of accounts by introducing controls in the form of checklists and monthly timetables• Executed SAP Implementation Project based out of Singapore for 13 months as India Key User for implementation of SAP FICO, Credit Management and Collabera Optisuite modules• Augmented the revenues of US$ 11 Million by designing system for Export Incentive schemes (SBR, MEIS & SEIS)• Led the saving of 1 FTE and substantial process improvement with automation of ‘Free Trade Agreement’ evaluation for template for Finished Products, with just 30 minutes process time• Designed & implemented compliance tracking & monitoring system involving collection of data and effectively monitoring all statutory compliances covering direct and indirect tax laws, labour laws, FEMA, Factories Act, PF,ESI and other labour laws• Prepared and presented Budget to Board of Directors to achieve sales growth of CAGR20%, EBITDA of 20% of sales and Free Cash Flow of 15%
Flsmidth Private Limited
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Head Tax, Treasury And Risk ManagementFlsmidth Private LimitedBengaluru, Ka, In
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Head Tax, Treasury & Risk ManagementFlsmidth Private Limited Apr 2021 - PresentChennai, Tamil Nadu, IndiaFLSmidth is a Danish multinational technology company based in Copenhagen, Denmark. With almost 11,000 employees worldwide, It provides the global mining and cement industries with equipment and services having a turnover of DKK 34Billion.• Trusted business partner for the Regional CEO, CFO, India Management Team and our business leaders• Designed global tax excellence center for Tax activities for the group.• Designed, implemented and managed global treasury center for treasury activities..• Designed and implemented actionable monthly MIS for Treasury and Tax• Improved the Peakon score from 7.6 to 9.1 by successfully recruiting right talent, mentoring the team and transform it to a performing Treasury and Tax team.• Improved tax systems to take Tax reporting DIFOT from 80% to 100% (nil default/delay).• Significantly improved collaboration with business for both Treasury & Tax by regular interaction, improving time and quality of treasury and tax advise.• Set up systems, and guided team to complete tax reconciliations for Foreign Tax of Inr 800m.• Improved indirect tax systems to achieve Significant receipts through export incentives (MEIS 7M DKK & SEIS 4.5M DKK• 21% reduction on professional fees payable to consultants and also increased the scope through better structuring with PWC (for GST Compliance and audit - Inr 3m from Inr 3.8m).• Guided team to close 6 tax cases under VSV Scheme bringing a tax saving of Inr 53m (DKK 5 m)• Instrumental in achieving reconciliation of tax provision between group vs stat.• Guided team to close one major tax case of 100 million DKK through Writ Petition and earned appreciation from group tax.• Be an integral part of group tax and group treasury teams to implement group policies.• Successfully managed tax cost and cash flows for Inr 2000 crores (DKK 1.8 Billion)
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Senior Manager Taxation Treasury Trade Affairs & Company SecretaryGivaudan (India) Private Limited Oct 1997 - Mar 2021BangaloreGivaudan is the global leader in the fragrance and flavour industry having turnover of US 6 billion (market share of 25%) and has over 13000 employees world wide.• Designed and implemented internal systems to enable FTA evaluation of new products and advised management on competitive pricing with savings of 1MUsd over last 4 years• Successfully designed and implemented system for Export incentive schemes (Special Brand rate, MEIS & SEIS) resulting in revenues of US$ 11m over last 4 years• Appointed as Key User in SAP implementation based out of Singapore in Givaudan Asia Pacific during October 2009 to March 2011. Responsible for successful implementation of Finance and taxation. • Acquisition and Integration - After being appointed as Director of a subsidiary company acquired, Leading and successfully managing all legal, funding requirements in acquisition of a competitor company; and overseeing integration in India; Training & Mentoring Finance Staff.• Prepared and presented Budget to Board of Directors to achieve sales growth of CAGR20%, EBITDA of 20% of sales and Free Cash Flow of 15% of Sales & Formulating revenue budget of 24MUsd and capital budgets 0f 65MUsd ; • Arranging funding through ECB route for green field project for factory project 65MUsd.• Responsible for the complete planning & management of activities for ensuring completion of internal, statutory and Tax audits within time.• Managed Treasury,Direct and Indirect tax compliances• Conceptualised and implemented systems to effectively manage Forward Contracts to hedge Imports of 500MUsd and Exports of 50MUsd.
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Cost & Financial AnalystTitan Industries Limited,Bangalore Apr 1995 - Jul 1997Bengaluru Area, IndiaTitan Industries Limited is engaged in manufacturing of watches/accessories, jewelry, precision engineering and Eyewear. The Company has four divisions: watches/accessories, jewellery, precision engineering and eyewear. It had a total turnover of INR 516billion (USD 6 billion).• Performed the role of Costing & Pricing for International Operations for a period of 2 years reporting to the GM – Commerce specializing in Audit, Costing & Pricing under the Finance & Accounts domain with Onsite experience in Singapore.• Handled a team of 2 members (Assistants – BCom) and mentored in the areas of Budgeting, Pricing and Accounting.• Played pivotal role in incorporation of Singapore subsidiary and handling audit in Singapore. Made significant contributions to auditing process and also deputed on site to Singapore for finalisation of accounts and audit.• Responsible for preparing a budget of US 20M along with budgeting for international operations, Accounting/auditing for Singapore subsidiary, • Assisting in pricing for international operations and preparation of cost sheets -
Junior Manager Finance & AccountsSteel Authority Of India Limited Aug 1991 - Jan 1995Bhadravati Area, IndiaSteel Authority of India Limited (SAIL) is an India-based steel making company in public sector with annual turnover of Inr1064 billion(USD 32 billion) and employees about 54k.• Performed the role of Junior Manager Finance & Accounts for a period of 3 years and 10 months reporting to the Senior Manager Finance handling a budget of INR 1530m specializing in Accounting, Costing & Budgeting under the Finance & Accounts domain in the steel manufacturing industry.• Handled and mentored a team with an overall size of 6 members consisting of Assistants (B.Com / M.Com)• Handled Operational budget and Capitalization of Factory Expansion worth INR 1530M and INR 1000M respectively and made significant contributions in budget preparation process and presented to Corporate Office in New Delhi. • Significantly contributed in improving process of preparation of cost sheets and finalisation of inventory valuation.• Computerization of depreciation calculation and asset register which reduced audit cycle from 15days to 3days.
Gururaj K Education Details
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Institute Of Certified Public Accountants AustraliaFinance & Accounts -
Institute Of Certified Public Accountants Of SingaporeAccounting And Finance
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The Chartered Institute Of Management AccountantsFinance & Management Accounting
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Company Law -
Costing, Accounting, Finance, Management
Frequently Asked Questions about Gururaj K
What company does Gururaj K work for?
Gururaj K works for Flsmidth Private Limited
What is Gururaj K's role at the current company?
Gururaj K's current role is Head Tax, Treasury and Risk Management.
What schools did Gururaj K attend?
Gururaj K attended Institute Of Certified Public Accountants Australia, Institute Of Certified Public Accountants Of Singapore, The Chartered Institute Of Management Accountants, The Institute Of Company Secretaries Of India, Institute Of Cost And Work Accountants Of India.
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Gururaj K.
Bengaluru
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