Raj Kumar

Raj Kumar Email and Phone Number

Regional CFO, India @ IDEMIA
Delhi, India
Raj Kumar's Location
Delhi, India, India
About Raj Kumar

A highly experienced finance professional with + 20-year track record of success in multinational corporations spanning India, United States, Europe, and Japan.Led diverse finance functions (Plant, corporate, regional, central) across multiple locations, subsidiaries, and legal entities globally.Presently serving as the India Regional CFO driving ~ $300M Revenue. Key member of Senior Management, reporting to the Group CFO and India Regional President.KEY AREAS:Strategy:1) Led Successful $21M acquisition of ASSAG, Europe for Avtec.2) Established EV JV for $120M Equity at Musashi3) Secured $14M Investment in EV startup for Musashi.4) Led discussions for a potential $18 Million JV at Jonson Control.5) Facilitated PE Partner exit via 30% stake sale to new Investor at Avtec.Business Growth & Margin Improvements: 1) Margin Improvements from 2.2% to 7.3% at Musashi.2) Led Senior Regional Controller Role for Asia & achieved $11 M Regional profit at Adient (JC).3) Setting up Key Financial performance levers & critically evaluated Business units Risk Management & Governance:1) Risk Assessment & Mitigation Plans including SOX testing, Internal Controls at Adient & Musashi.2) Led Executive meetings to Board – Board Meeting, AGM, CSR, J-SOX, Audit Committee3) Led Asia Compliance Leader role and ensured timely governance at MusashiControllership: 1) Handled Multiple Audits (Stat, Internal, Sox-Controls) with Big 4 Firms at Musashi, JCI, Avtec, etc.2) Led Treasury function: optimized cash flow, mitigated FX risk, secured INR 450M funding at Avtec.3) Optimized Working Capital through Inventory controls, supplier negotiation & efficient collections4) Led Direct & Indirect Tax on Assessment, Appeals, Transfer Pricing for INR 550M.Digital Transformation:1) Led SAP Implementation & customization for Musashi, Adient (JC).2) Deployment of Power BI & Automation for data-driven decisions to support Business at Musashi, JC.Education:1) CA (Chartered Accountant) in July 2004 (Both Groups in One Attempt)2) CS (Company Secretary) in Jan 2011 (All India 6th Rank in Final Exams)3) CPA (Certified Public Accountant) from AICPA, USA in 2021 (Secured 82%)4) Executive MBA/Senior Management Program (SMP) from IIM Ahmedabad (2021-22)5) B. Com from MD University in 2000 (21st Rank in State)Certifications:1) Dip IFR (Diploma in IFRS) | ACCA, UK |20212) Goods & Service Tax Certification | Institute of chartered Accountants of India | 2022

Raj Kumar's Current Company Details
IDEMIA

Idemia

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Regional CFO, India
Delhi, India
Website:
idemia.com
Employees:
10948
Raj Kumar Work Experience Details
  • Idemia
    Regional Cfo, India
    Idemia
    Delhi, India
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  • Idemia
    India Regional Cfo
    Idemia Oct 2024 - Present
    Delhi, Ncr
    Idemia India (100% subsidiary of Idemia, France) is a global leader in innovative identity solutions, advanced card manufacturing, and cutting-edge software development with dedicated workforce of over 5,000 professionals.Presently serving as the India Regional CFO driving ~ $300M Revenue. Key member of Senior Management, reporting to the Group CFO and India Regional President.
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  • Musashi Auto Parts India Pvt Ltd
    Cfo India
    Musashi Auto Parts India Pvt Ltd Aug 2022 - Sep 2024
    Gurugram (Delhi-Ncr)
    Musashi India (100% subsidiary of MSI Japan) having Revenue of ~$200M present over 5 locations in India.Role: Responsible as the CFO for India Location driving and delivering the financial management and strategy. Acting as a strong business partner to the CEO and Board of Directors.Strategic Leadership1) Established EV JV/Subsidiary for $120M Equity.2) Secured $14M Investment in EV Start up including due Diligence, Valuation and Stake acquisition. Focus on Growth & Margin Improvements:1) Improved Musashi’ s EBIT from 2.2% to 7.3% - Setting up KPI & monitoring on weekly/Monthly basis.2) Led Weekly P&L/KPI reviews & collaborated with cross functional leaders to drive Profitability.Risk Management & Governance:1) Risk Assessment & Mitigation Plans including SOX testing, BS & Internal Audits, DOA, Compliance Software. 2) Led Executive Meetings to Board – Board Meeting, AGM, CSR, J-SOX, Risk Committee Meeting, etc.3) Streamlined critical business processes and updated company Policies & SOPs.Controlling: 1) Led multiple Audits with Big 4- Statutory (EY), Internal (KPMG) & J-SOX Audit (EY) 2) Led Direct & Indirect Tax on Assessment, Appeals, Transfer Pricing for INR 550M.3) Led PLI Scheme for INR 3.9 billion and Interaction with KPMG, Government to achieve milestones.Digital Transformation:1) SAP Implementation & Customization as per business needs.2) Deployment of Power BI & other Automation Tool for real-time analytics & data-driven decisions.3) Implemented DMS for Workflow Automation & paperless environment at Musashi.
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  • Johnson Controls
    Asia Pacific - Central Finance Leader
    Johnson Controls 2020 - 2022
    Pune
    Role : Promoted to Lead Central Finance for Asia & China Region (This role was earlier at country level, which was moved to regional role as part of re-organization):1) Managed External Audit Relationship for accurate & timely Financial Reporting for region.2) Ensured financial activities comply with Global policies & procedures in the region.3) Led Technical accounting, Regulatory reporting, financial reporting risk & control for region.4) Assessed & analyzed new Accounting guidance & standards for regional application.
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  • Johnson Controls
    Asia Pacific - Senior Regional Finance Controller
    Johnson Controls 2015 - 2020
    Gurgaon, Shanghai
    Johnson Controls produces HVAC and security equipment for buildings. In 2016, automotive division was spun off to Adient ($13B). Accordingly, Raj also moved to Adient.Roles:1) 2013 –2014, Gurgaon : Head Finance India2) 2015-2017, Gurgaon : Asia Regional Finance Controller3) 2017-2019, Shanghai : Asia Senior Regional Finance Controller (Expat Assignment)4) 2020-2022, Pune : Asia Central Finance Leader# Asia Senior Regional Finance Controller, Automotive Seating: (Reporting: Asia CFO)1) 2015-17, Gurgaon: Promoted to Regional Finance Controller for Asia Region: PL Responsibility of $300 M 2) 2017-19, Shanghai: Promoted to Senior Regional Finance Controller for Asia Region ($1.9Bn)Financial Performance & Reporting:1) Led Monthly closing, consolidation, Analysis and & review with Management.2) Led Development & Implementation of Regional Short Term & Long-Term Plans.3) Optimized Working Capital through Inventory controls, supplier negotiation & efficient collections. Strategic Partner & Advisor:1) Analyzed Key Performance levers & critically evaluated BU Performance. 2) Provided Strategic Financials Insights to Key stakeholders and drive Improvements.3) Implemented Best Business Practice & drove synergies across business units.4) Built strong communication & collaboration channels with cross-functional teams & CFOs.Risk Management & Compliance:1) Led Asia compliance & ensuring timely communication and resolution of Governance issues.2) Managed Financial, Operational, regulatory Risks via effective mitigation Plans.3) Led SOX testing, BS & Internal Audits, and Internal Controls self-assessments across region.Automation & Process Improvements:1) Implemented SAP & established Shared Service Centre to streamline back-office operations.2) Automated and Standardized Asia-wide financial reporting by implementing a unified Chart of Accounts
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  • Johnson Controls
    Head Finance - India
    Johnson Controls Feb 2013 - Jan 2015
    Gurgaon, India
    Head Finance India, Automotive Interior: (Reporting to India CEO)2013-14, Gurgaon: Recruited to Lead Commercial Finance Leader & Promoted to Controller responsible for month-end close, Annual Plan, JV formation, business expansions & Margin Improvements.Achievements:1) Participated in $18 Million potential JV Formation in India.2) Demerger of Adient Interior, integration with Adient Seating and transfer to (Visteon)3) Secured 2 new businesses worth $75 Million & Identification of businesses through innovation
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  • Avtec Limited
    Corporate Controller
    Avtec Limited Mar 2010 - Feb 2013
    New Delhi
    Company Brief: Avtec Limited is an INR 700 Crore ($90 M) company and 100 % subsidiary of CK Birla Group ($3B). Avtec is India's Largest Independent manufacturers of powertrain & Transmission.Strategic Leadership/In-organic Growth:1) Successful closing of ASSAG Acquisition, Europe for $20.5M2) Led discussion with McKinsey team on execution of long-term strategy for Organic & Inorganic Growth3) Aided the senior Management on exit of existing Private Equity Partner with new investor for 30% stake.Controllership:1) Implemented and automated Monthly Financial Reporting System2) Solicited Funding of INR350 M for Business Expansion3) Increased productivity through Cost improvement initiatives by achieving savings of INR1 M annually.
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  • Motherson Group
    Finance Head- India
    Motherson Group 2009 - 2010
    Noida Area, India
    Visiocorp Motherson was an INR 400 Crore ($55M) JV between Motherson ($10B) and Visiocorp. Motherson has acquired Visiocorp Group in 2019 for $30M. Visiocorp was leading Global supplier of Automotive Mirrors. JV was headquartered in Noida and Multiple presence across India.
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  • Maruti Suzuki India Limited
    Finance Manager
    Maruti Suzuki India Limited 2006 - 2007
    Delhi Area, India
    Maruti Suzuki India Limited ($15B) is the Indian subsidiary of Japanese automaker Suzuki Motor Corporation. Company has a leading market share of 42 % in the Indian passenger car market.
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  • Bony Polymers (P) Ltd.
    Head Of Finance And Accounting
    Bony Polymers (P) Ltd. 2004 - 2006
    Faridabad Area, India
    Bony polymers is a world class engineering company producing wide range of rubber components for automotive OEM across the globe having 12 plants across India.
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Raj Kumar Education Details

Frequently Asked Questions about Raj Kumar

What company does Raj Kumar work for?

Raj Kumar works for Idemia

What is Raj Kumar's role at the current company?

Raj Kumar's current role is Regional CFO, India.

What schools did Raj Kumar attend?

Raj Kumar attended The Institute Of Chartered Accountants Of India, The Institute Of Company Secretaries Of India, Certified Public Accountant (Cpa), Indian Institute Of Management Ahmedabad, Maharshi Dayanand University.

Who are Raj Kumar's colleagues?

Raj Kumar's colleagues are Laura Cautis, Kristine Korp, Benjamin Sudi, Prisnelle Moukila M'pele, Andrea Moreno, Rishabh Chauhan, Chitra Kumari.

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