Kalpesh Soni is a Deputy Director @ Myntra | Ex-Pidilite | Chartered Accountant | Ex-Magicrete - a funded start-up. He is proficient in Gujarati, Hindi and English.
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Senior Manager - Controllership & FinanceMyntra Jan 2022 - May 2023Bengaluru, Karnataka, IndiaI joined IKS and was given responsibility to lead the Myntra group revenue within 6 months.I have led a team of 18 people, including 13 CAs for the revenue and receivable accounting.I have been part of delivering various initiatives as:a) Liquidity support to business through automation of nodal withdrawal process and increasing of frequency - saving of ~10-12 Mn. p.a.b) I have been part of the working capital drive and implemented and achieved the target of boost by… Show more I joined IKS and was given responsibility to lead the Myntra group revenue within 6 months.I have led a team of 18 people, including 13 CAs for the revenue and receivable accounting.I have been part of delivering various initiatives as:a) Liquidity support to business through automation of nodal withdrawal process and increasing of frequency - saving of ~10-12 Mn. p.a.b) I have been part of the working capital drive and implemented and achieved the target of boost by more than ~120 cr.c) I had a great team to ensure 100% compliances and book closures on time - within 1 day of month-closed) I have worked with senior leadership to transform & automate the monthly review process for the FK group shared servicese) I have worked on automation projects to boost productivity, cost saving, working capital improvement, interest saving, improvement in NPSf) Timely audit close, 100% compliances under SOX, ICFRThe team has been setting examples at group level on various parameters. Show less -
Section Head - Margin And Process ImprovementNina Percept Pvt. Ltd. (A Subsidiary Of Pidilite Industries Ltd.) Sep 2019 - Jan 2022Mumbai Area, IndiaI have worked closely with senior leadership team at NP and some highlights as follows:a) Ideation to implementation of an app which gave over 60X ROI during pandemic, managing over 20% of the company's cost - it's integration into various processes, systemsb) Implementation of reviews and dashboard at regional, zonal, project level and automated reporting from systemc) Reduction in time processing and getting the reports on a daily basis, which were on a monthly basisd)… Show more I have worked closely with senior leadership team at NP and some highlights as follows:a) Ideation to implementation of an app which gave over 60X ROI during pandemic, managing over 20% of the company's cost - it's integration into various processes, systemsb) Implementation of reviews and dashboard at regional, zonal, project level and automated reporting from systemc) Reduction in time processing and getting the reports on a daily basis, which were on a monthly basisd) Incorporated RACI with system identification, negotiation, procurement in alignment with CBO, MD, VP and SLT memberse) I have been part of monthly & weekly variance analysis meetings to ensure meeting of outlook and compliance with budget allocatedf) We have analyzed parameters to identify cost, efficiency and automation areas - efficiency in manpower utilization, machinery utilization, product utilizationg) I managed the IT G&A cost, where we reduced cost by more than 50% in 3 months' timeh) I have also managed to help procurement team reduce the sourcing cost by ~30% in building materials and ~50% in finishing works by thorough research of the products, identification of suppliers, lab testing (2-7-14-28-60 day tests)i) I have also worked on improving of various monthly compliances, making it part of monthly reviews and leading to closure of the recommendation from management. Show less
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Deputy Manager FinanceMagicrete Building Solutions Pvt. Ltd. Jul 2018 - Sep 2019I have been part of the project for switching of banking partner for the total borrowings, stock audits by bank auditors, investor presentations including subsidiary company book management, at project level, being into construction industry.I have also managed insurance claims of more than 4 cr., including all documentation and trail from proforma invoice to payments.I have handled 100% compliances and audits of the company. -
Assistant Manager FinanceMagicrete Building Solutions Pvt. Ltd. Jun 2017 - Jul 2018I have managed a team of more than 6 people during this role.We built the cost, MIS & accounting at cost center level to report component level MIS, into multiple locations, multiple vertical.I drove large automation projects which helped organize accounts payable, provisioning and invoice processing time.I lead the discussion with leadership team on various GST circulars, impact on business, inverted duty structure, and presentation to the investors on selling price impact due to… Show more I have managed a team of more than 6 people during this role.We built the cost, MIS & accounting at cost center level to report component level MIS, into multiple locations, multiple vertical.I drove large automation projects which helped organize accounts payable, provisioning and invoice processing time.I lead the discussion with leadership team on various GST circulars, impact on business, inverted duty structure, and presentation to the investors on selling price impact due to the government policies, thus, ensuring business understanding and stakeholder management. Show less -
Sr. Executive FinanceMagicrete Building Solutions Pvt. Ltd. May 2016 - Sep 2017I lead following projects during the role:a) Managed excise audit, IT scrutiny, VAT appeals, ST appeals involving ~20 cr. in valueb) Successfully closed excise & service tax audit without any material observationc) Lead the migration & adoption to GST, including processes and system upgradation - was one of the companies in the building material industry in South Gujarat generating invoices from Jul 1, 2017 12am.d) Lead the MIS automation projects and delivery of book… Show more I lead following projects during the role:a) Managed excise audit, IT scrutiny, VAT appeals, ST appeals involving ~20 cr. in valueb) Successfully closed excise & service tax audit without any material observationc) Lead the migration & adoption to GST, including processes and system upgradation - was one of the companies in the building material industry in South Gujarat generating invoices from Jul 1, 2017 12am.d) Lead the MIS automation projects and delivery of book closure on Day 2. Show less -
Chartered AccountantM M S & Associates Aug 2011 - Aug 2014Surat Area, IndiaI was Article Assistant under guidance of Chartered Accountants and handled various professional work
Kalpesh Soni Skills
Kalpesh Soni Education Details
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Accounting And Finance -
Veer Narmad South Gujarat UniversityAccounting And Finance -
Riverdale Academy, SuratBusiness/Commerce, General -
Vidhya Bharti Hindi VidhyalayaPrimary & Secondary School
Frequently Asked Questions about Kalpesh Soni
What is Kalpesh Soni's role at the current company?
Kalpesh Soni's current role is Deputy Director @ Myntra | Ex-Pidilite | Chartered Accountant | Ex-Magicrete - a funded start-up.
What schools did Kalpesh Soni attend?
Kalpesh Soni attended The Institute Of Chartered Accountants Of India, Veer Narmad South Gujarat University, Riverdale Academy, Surat, Vidhya Bharti Hindi Vidhyalaya.
What are some of Kalpesh Soni's interests?
Kalpesh Soni has interest in Etc, Management Training, New (Useful) Things, New Technologies, Music, Digital Photography.
What skills is Kalpesh Soni known for?
Kalpesh Soni has skills like Financial Reporting, Business Planning, Accounting, Auditing, Strategic Planning, Tax, Mis, Powerpoint, Team Management, English, Management Information Systems, Data Analysis.
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Kalpesh Soni
Assistant Vice President- Payments @ Paytm | Fintech, Telecom | Ex Phone Pe, Idea, Vodafone | Acquisition And Growth Specialist |Jaipur -
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