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Hitesh is a seasoned business and commercial leader with over 22 years of extensive experience across multiple geographies having held diverse roles with enhancing responsibility over time. As CEO of Fluence India, Hitesh is driving Fluence India’s growth and financial strategy, ensuring robust financial governance, efficiency and continues to drive product pricing / optimization. Hitesh brings a global perspective complemented by a deep understanding of the Indian business environment including an understanding of clean energy/stationary storage sector. In his earlier roles, Hitesh has worked in sectors like Renewables, Oil & Gas, Manufacturing, Engineering and Power. He joined Fluence India (Joint venture between Fluence Energy & Renew to address the India market) as part of the founding team and has worked on establishing the organization in India with focus on building a robust team, setting up of the business as well as establishing a product fit for the significant storage opportunity presented by the India market.
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Chief Executive OfficerFluence India Mar 2024 - PresentGurugram, Haryana, In -
Interim Ceo & CfoFluence India Nov 2023 - Mar 2024Gurugram, Haryana, In
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Chief Financial OfficerFluence India Nov 2022 - Nov 2023Gurugram, Haryana, InPart of India Leadership team of the organisation focusing on:- Setting up the organisation in India- Driving strategy and execution to ensure delivery of long term business plan objectives- Co-own P&L delivery for India Business- Drive profitable growth through cost and product optimisationLeading / driving finance, treasury, tax, legal, secretarial and procurement functions directly.
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Vice President, Head-Business Finance & Financial ControlRenew Power Mar 2020 - Nov 2022Gurugram, Haryana, InPart of Finance Leadership team, Heading the finance teams of all business units within ReNew - 5 distinct business units with embedded finance teams having independent finance leaders (Wind, Solar, B2B, Transmission and O&M businesses).Role focused on Controllership, Business Decision Support, Business Planning & Forecasting, Opportunity& Risk Analysis, P&L delivery, Process Improvement, Strategic Initiatives, Cost optimisation etc. In addition, driving multiple finance transformation initiatives under digital strategy e.g. Conceptualised and executed an Azure based data lake enhancing the management reporting through dashboards integrated to the source systems like SAP / BPC. Leading a team of 30 professionals - Reporting to the Group CFO with very strong working relationship with Business Heads. -
Head - Finance, Fp&A, Jv Management & Regulatory ReportingCairn Oil And Gas Feb 2018 - Mar 2020Gurugram, Haryana, InHeading finance function for all the Onshore and Offshore Business Units of the Oil & Gas Business.Responsible for managing annual Opex of ~ USD 500 Mn and Capex of ~ USD 1 Bn. Revenues of the blocks are in excess of ~ USD 4 Bn.Responsibilitues include Controllership, FP&A, Business Decision Support & Partnering, Financial Reporting and Joint Venture Management. Key member of Procurement and Capex appraisal committees.Reporting to the CFO and leading a team of 40 high performing finance professionals spread across the following verticals: - 2 Development SBUs - 3 Operating SBUs - Regulatory Reporting & JV Management - FP & A and ReportingEach of the SBU finance team's are lead by Finance leaders who functionally report into me. -
General Manager - Finance, Accounting & ControlCairn Oil And Gas Jul 2016 - Feb 2018Gurugram, Haryana, InHeading finance function for the largest onshore producing asset in India which contributes ~ 22% of Country's Crude Oil Production. Revenue of the block is in excess of USD 2.5 bn. Functional responsibilities include Financial Controllership, Business Planning & Budgeting, Joint Venture Management, Regulatory Reporting and Fund Management. Leading a team of 18 Finance professionals.
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Dy. General Manager - Internal AuditCairn Oil And Gas Jun 2013 - Jun 2016Gurugram, Haryana, InLead and drive risk based Internal Audit in the organisation and support the Ethics committee in Investigation of whistle blower complaints. Responsibilities included developing a comprehensive risk based audit plan and ensuring timely execution of the same with the help of inhouse audit managers supported by teams from Big 4 consulting firms. Key focus areas of the function included driving internal control improvements, policy / process changes and identifying cost optimisation opportunities.Also lead proactive and preventive control improvement initiatives around Fraud Risk Assessment and Continuous Control Monitoring apart from driving Internal Audit.
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General Manager & Head - Controls & Risk Management, Solar BusinessLanco Jun 2011 - Jun 2013Part of CEOs Office as Head of Internal Controls and Risk Management. Operations of the company included 5 distinct business segments i.e. EPC, Manufacturing, Solar Power Generating Plants, Operation & Maintenance and Roof Top Solutions.Key Responsibilities inlcuded:• Driving Policy / Process Formulation & Implementation for high risk areas (e.g. procurement, bidding for new business, Project execution and handover etc.)• Partner with Business Heads to Institutionalize operational and financial controls in respective business units with an overall objective of developing a process / system driven organization • Develop and Roll out Enterprise Wide Risk Management (ERM) Framework• Drive and Manage SAP implementation Projects across different business entities of SolarThe role involved high level of interaction with Business and Functional Leaders in all business segments of the organisation. -
Associate Director - Governance, Risk And Compliance ServicesKpmg Jul 2010 - Jun 2011Toronto, On, CaPart of the Risk Advisory Practice in Delhi. Responsible for managing and driving Risk Management & Internal audit / Control Review engagements to help clients in Power, Oil & Gas and Manufacturing Sectors improve Controls, build & implement Risk Management Frameworks. -
Controller - Engineering BusinessAlghanim Industries Aug 2008 - Jul 2010Sharq, Kuwait, KwLead the Control, Compliance and Financial Reporting Vertical as BU Financial Controller for Engineering Business Unit of a Multi Billion Dollar Conglomerate having diverse business interestsLead a team of 18, Functionally reported to the Corporate Controller of the Group and administratively to the Business Head of Business Unit -
ManagerKpmg Mar 2006 - Aug 2008Toronto, On, CaPart of the Risk Advisory. Responsible for managing and driving audit, risk management & internal control review engagements for clients in Power, Oil & Gas and Manufacturing Sectors
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Asst ManagerBharat Petroleum Corporation Limited 2002 - 2006Mumbai, InPart of the Group Internal Audit Team. Worked as a team member and team leader on post implementation reviews of SAP and control assurance reviews under SAP environment
Hitesh Kumar Skills
Hitesh Kumar Education Details
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The Institute Of Chartered Accountants Of IndiaChartered Accountant -
Institute Of Company Secretaries Of IndiaCompany Secretary
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Punjabi UniversityCommerce
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Indian School Of BusinessStepping Into Leadership
Frequently Asked Questions about Hitesh Kumar
What company does Hitesh Kumar work for?
Hitesh Kumar works for Fluence India
What is Hitesh Kumar's role at the current company?
Hitesh Kumar's current role is Chief Executive Officer, Fluence India.
What is Hitesh Kumar's email address?
Hitesh Kumar's email address is hi****@****ail.com
What schools did Hitesh Kumar attend?
Hitesh Kumar attended The Institute Of Chartered Accountants Of India, Institute Of Company Secretaries Of India, Punjabi University, Indian School Of Business.
What are some of Hitesh Kumar's interests?
Hitesh Kumar has interest in Science And Technology, Environment, Economic Empowerment.
What skills is Hitesh Kumar known for?
Hitesh Kumar has skills like Linux, Ccna, Red Hat Linux, Linux System Administration, Operating Systems, Servers, System Administration, Inventory Management, Service Level Agreements, Technical Support, It Service Management, Printer Support.
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