Pradeep Mestry Email & Phone Number

Mumbai, Nasik

A former JV between Mahindra Group and Sona Group. A manufacturer of Automotive Componentslike Propeller Shafts / Cardan Shafts, UJ Components and Automotive Clutches. It has 2manufacturing locations and a team of 1000 employees and has a turnover of around Rs 850 crores.Sr Vice President and Chief Financial Officer (managing the position since joined thecompany)Lead the finance, accounts, and tax function of the company.Major activities and responsibilities… Show more A former JV between Mahindra Group and Sona Group. A manufacturer of Automotive Componentslike Propeller Shafts / Cardan Shafts, UJ Components and Automotive Clutches. It has 2manufacturing locations and a team of 1000 employees and has a turnover of around Rs 850 crores.Sr Vice President and Chief Financial Officer (managing the position since joined thecompany)Lead the finance, accounts, and tax function of the company.Major activities and responsibilities Ensuring the financial health and financial records of the Company are in order. Spearheaded various cost optimisation programs and coached the non-finance teams on thefinancial aspects of the organisation. Implemented various internal controls and policies for risk mitigation and enhancing the financialintegrity and accuracy. Managing the cashflows and liaison with bankers to get the best solutions at best prices forfunding the working capital and capital expenditure programs. Mentored the finance and accounts team for the transformation and accepting the newchallenges such as introduction of GST and transition to IndAS. Communicating with key stakeholders including the Board, investors, banks and ratingagencies.Key Achievements Participated in the fund raising of Rs 115 crores for promoter funding. The stake of one JVpartner was acquired by the other JV partner. Secured total long-term borrowings of INR 30 crores at very viable rates and terms andconditions for CAPEX. Conceptualized and established R & D center to improve product quality and at the same timecapitalize on Income Tax benefits received on R&D costs Acquired an Octroi refund of INR 15.5 crores by applying for eligibility under PSI 2007 schemeof Government of Maharashtra, which gave a major boost to the bottom line in a period of fouryears. Enabled the company to achieve Star Export House status to derive export benefits availablefor star exporters Show less

Mumbai Area, India

 Analysis of MIS Assistance in Budget preparation process. Coordination for finalisation of annual accounts. Participation in a due diligence process. Assistance to the Group CFO in various initiatives.

Mumbai Area, India

 Setting up of internal control process – implementation and monitoring. Finalisation of annual accounts/monthly accounts. Liaison with auditors – external & internal. Liaison with operations team for various issues. Setting up a process of for annual budgets and monitoring performance vis-à-vis budget. Preparation and updation of business plan. Material accounting, inventory accounting. Development & monitoring of management reporting system. Involvement in… Show more  Setting up of internal control process – implementation and monitoring. Finalisation of annual accounts/monthly accounts. Liaison with auditors – external & internal. Liaison with operations team for various issues. Setting up a process of for annual budgets and monitoring performance vis-à-vis budget. Preparation and updation of business plan. Material accounting, inventory accounting. Development & monitoring of management reporting system. Involvement in taxation matters of the company. Management accounting. Show less

Mumbai Area, India

Departments worked: - Internal Audit, Head Office Accounts, Corporate Accounts and Corporate TaxationMajor activities/responsibilities: - Involvement in finalisation of annual accounts. Active involvement in Consolidation of accounts (subsidiaries, joint ventures & associates) and preparation of Segment Report based on it. Compilation of Tax Audit Report and getting it audited. Preparation of Return of Income as per provisions of Income Tax Act. Attending… Show more Departments worked: - Internal Audit, Head Office Accounts, Corporate Accounts and Corporate TaxationMajor activities/responsibilities: - Involvement in finalisation of annual accounts. Active involvement in Consolidation of accounts (subsidiaries, joint ventures & associates) and preparation of Segment Report based on it. Compilation of Tax Audit Report and getting it audited. Preparation of Return of Income as per provisions of Income Tax Act. Attending regular Income Tax Assessment and compilations of details to be furnished before the Income Tax Authorities. Consolidation and analysis of monthly accounts and regular MIS. Detailed analysis of financial data including ratio analysis, variation analysis and sensitivity analysis. Consolidation and analysis of monthly cash flow statement. Consolidation and analysis of annual budget and revisions thereto. Preparation, consolidation and analysis of MIS reports. Analysis and preparation of presentations to be made by the EVP Finance in various professional meetings within and external to the organization. Preparation of presentation and coordination with the Executive Director Finance for the presentation for the approval of Quarterly Accounts in the Board Meeting. General assistance to the EVP Finance and Controller of Accounts in analysis of financial data. Liaison with the Auditors for the statutory audit and certification work. Brief exposure to the Internal Audit Department and Head office Accounts Department. Involved in preparation of annual budget of the Head Office Division. Exposure in various Cross Functional Teams.Performance graded as Superior throughout eight years.Working in SAP R/4.6, Front-end user of FI Module. Show less

Accounts & TaxationMajor activities/responsibilities: -Finalisation of annual accounts.Scrutiny of ledgers, maintenance of ledgers.Preparation, analysis of financial statements to be filed with the Bankers and Financial InstitutionsAttending Income Tax matters.Preparation, consolidation and analysis of MIS reports.Liaison with the Auditors for the statutory audit and certification work.

Diploma In Ifrs, Ifrs, Diploma In Ifrs

Ctm, Treasury And Forex Management, Forex Management, Certified Treasury Manager

Activities and Societies: Specialisation in treasury management and forex management.

Cost Accountant, Costing

Chartered Accountant, Accounts & Finance

B Com, Commerece

Ssc