At GFG Alliance, my role as GM of Finance & Accounts is the culmination of a steadfast journey in strategic finance. It's a role where analytical acumen and business analysis converge to drive organizational success. The competencies honed over the years have enabled the development of efficient systems and a keen insight into crafting business strategies alongside the Board of Directors.Leading a team of twenty-five finance professionals, we've thrived on fostering skills that support robust financial planning and meticulous execution. Our collaborative efforts have been pivotal in group restructuring and in elevating financial protocols, which have consistently fortified the company's fiscal foundation.
Gfg Alliance - Liberty Fe Trade Dmcc
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Gm - Finance & AccountsGfg Alliance - Liberty Fe Trade Dmcc Dec 2011 - PresentDubaiCrafted and executed comprehensive business strategies in collaboration with Board of Directors, leveraging insights from regional leadership teams. Oversaw key financial functions, including budgeting, forecasting, financial reporting, auditing, compliance, legal matters, and risk management. Successfully established and nurtured a proficient team of twenty-five finance experts, offering continuous mentorship and guidance to bolster their expertise and facilitate their career progression.Noteworthy Achievements:- Involved in group restructuring exercise with emphasis on commercial aspects.- Spearheaded the formulation and implementation of efficient systems and protocols, elevating operational standards and optimizing team productivity.- Held a pivotal role as a steering committee member for the ongoing implementation of Financial Consolidation and Close Cloud Services (FCCS), a transformative project nearing completion.- Demonstrated exceptional leadership by assembling a reliable and capable team from the ground up, making significant contributions since joining the group in 2011.- Orchestrated a highly successful regional fundraising campaign, securing approximately USD 200 million in working capital to fuel operational growth.- Served as the focal point for intricate audit, tax, and compliance matters across the organization, demonstrating a strong grasp of complex financial intricacies.- Played an instrumental role in the group's substantial growth through mergers and acquisitions (M&A), notably contributing to all stages, including meticulous due diligence.- Provided expert consultation to a family office, offering valuable insights on global asset taxation and compliance matters, cementing a reputation as a trusted advisor.
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Chief Executive OfficerSparkle Enterprises Jan 2006 - Nov 2011IndiaResponsible for strategic development and overall business performance of Sparkle Enterprises. Having good understanding of dynamics of rough minerals helped the venture to be successful in the Indian market. Impact: - Built business ground-up with 50+ direct/indirect employees. - Secured necessary financing for the firm to outperform target in excess of 20% by delivering revenue growth of 40% CAGR over last 5 years.- Re-focused product portfolio of gemstone minerals catalyzing 30% increase in operating margins.
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Finance ManagerDe-United Food Industries Ltd Apr 2003 - Dec 2005Lagos, NigeriaCharged with full accountability for the comprehensive finance function, with a pronounced focus on strategic planning, budgeting, process enhancement, secretarial compliance, accounting, and taxation.Tangible Contributions: - Skillfully orchestrated the procurement of banking loans totalling Naira 1 billion, facilitating consistent bottom-line growth of 50% on a year-over-year basis for the group. - Successfully introduced an ERP system across two production units and the corporate office, resulting in streamlined information flows and substantial improvements in decision-making processes. - Negotiated effectively with key raw material suppliers, reducing the cost of goods sold (COGS) as a percentage of sales from 58% to 55% in the year 2003. - Pioneered the implementation of zero-based budgeting in the Annual Operating Plan from 2003 onwards, leading to a significant reduction in variances between actual and budgeted bottom-line figures compared to the previous year, 2002. - Collaboratively crafted a comprehensive five-year projection in close consultation with the Managing Director, CEO, and other Heads of Departments. This projection document served as a pivotal benchmark for the group's strategic growth initiatives. - Strategically redefined banking relationships, aligning with institutions that shared our mission and vision, reinforcing a symbiotic partnership. - Devised an insightful insurance coverage dashboard for the entire group. Evaluated and optimized coverage for various asset classes, rated agent services, and effectively reduced insurance premiums by 20% through skillful renegotiations. - Achieved a remarkable 20% reduction in working capital requirements by strategically reducing credit periods for distributors. - Led rigorous cost and feasibility analyses for upcoming product launches, ensuring informed decision-making and maximizing the potential for successful market entry.
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Finance ExecutiveHutchison Telecom East Ltd (Htel) Aug 2001 - Mar 2003IndiaOversaw the pivotal operations of the Management Information Systems (MIS) department and financial reporting.Impact: - Spearheaded the cultivation of operational excellence and the reinforcement of internal controls spanning various functions. Provided strategic guidance for novel initiatives and empowered cross-functional teams to ensure timely project completion. - Played a central role in preparing financials for statutory and tax audit purposes for HTEL & HMPPL,collaborating seamlessly with Mumbai and Hong Kong teams for comprehensive group consolidation. - Successfully facilitated the seamless translation of Indian GAAP financials into the US GAAP format, working closely with PwC professionals to ensure accurate reporting alignment. - Served as a key member of the core team driving the implementation of Oracle 9i as part of the ERP initiative. - Led the tendering committee, contributing to substantial savings of INR 10 million by securing favorable tender rates for capital expenditures. - Assumed leadership of the commercial department, resulting in significant savings of INR 6 million through astute supplier negotiations within operational expenditures. - Conducted meticulous validation of churn and telecalling data, yielding cost savings of INR 2 million for the company. - Orchestrated a comprehensive overhaul of the asset register, including necessary updates and physical tagging of assets across 4 depots and 410 tower locations. This meticulous effort ensured accurate asset management and control.
Niraj Nahata Cfa Ca Cs Education Details
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Cfa InstituteFinance, General -
Institute Of Chartered Accountants Of IndiaAccounts, Finance, Taxation, Costing -
Accounts, Corporate Law, General Law, Taxation. -
Accountancy,Business Organisation,Economics,Resource Studies,English,Hindi. -
St. Lawrence High SchoolCommerce -
SdnvLanguages, Mathematics,Science,History, Geography.
Frequently Asked Questions about Niraj Nahata Cfa Ca Cs
What company does Niraj Nahata Cfa Ca Cs work for?
Niraj Nahata Cfa Ca Cs works for Gfg Alliance - Liberty Fe Trade Dmcc
What is Niraj Nahata Cfa Ca Cs's role at the current company?
Niraj Nahata Cfa Ca Cs's current role is GM- Finance & Accounts - GFG Alliance.
What schools did Niraj Nahata Cfa Ca Cs attend?
Niraj Nahata Cfa Ca Cs attended Cfa Institute, Institute Of Chartered Accountants Of India, Institute Of Company Secretaries Of India, St. Xavier's College, St. Lawrence High School, Sdnv.
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