Prakash Sridharan

Prakash Sridharan Email and Phone Number

Chief Financial Officer @ Beurer India Private Limited
Chennai, TN, IN
Prakash Sridharan's Location
Greater Chennai Area, India
Prakash Sridharan's Contact Details

Prakash Sridharan personal email

About Prakash Sridharan

 A Chartered and Cost Accountant with over 20 years of experience in the areas of Business Finance, Financial Reporting, FP&A, financial modelling, Working capital management, Fund raising, Accounts, Taxation, M&A, Project Evaluation, Budgeting, Investor Management and MIS  Presently associated with Eywa Pharma Private Limited, Chennai, an US based generic pharma company as GM – Finance looking after finance operations for ~ 6 years Deft in handling investors and have successfully concluded deals including preparation & evaluation of information memorandum, financial projections, due-diligence, valuation, term sheets, discussion with bankers / Investors and legal documentation. An effective communicator with excellent relationship building, analytical and negotiation skills with experience in liaising with Banks, Financial Institutions, Investors and regulatory authorities

Prakash Sridharan's Current Company Details
Beurer India Private Limited

Beurer India Private Limited

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Chief Financial Officer
Chennai, TN, IN
Website:
beurerindia.com
Employees:
77
Prakash Sridharan Work Experience Details
  • Beurer India Private Limited
    Chief Financial Officer
    Beurer India Private Limited
    Chennai, Tn, In
  • Eywa Pharma Private Limited
    General Manager Finance
    Eywa Pharma Private Limited Jul 2018 - Present
    Chennai, Tamil Nadu, India
    Eywa Pharma is a global generic pharmaceuticals company with with a turnover of ~ $ 50 Mn. It has front end sales in USA and UK with a US FDA approved manufacturing plant at Cranbury, New Jersey and a R&D Centre at Chennai.Accomplishments:  Lead a team of 8 people and responsible for Finance & Accounts function of USA, UK and Indiao Revenue recognition: Finalization of Gross to Net Workings on a monthly working for recognising sales including chargebacks, fees, prompt pay discount and sales returno Handled costing for various products being manufactured out of the manufacturing planto Prepare and work on margin analysis for pricing bids submitted to customerso Built internal process controls across sales and finance function to ensure pricing and deductions are accurateo Manage working capital to ensure adequate cash to support business o Reconciliation of A/R, A/P and 3PL inventory on a periodical basis – Successful in recovering ~ US$ 1.50 mn on account of wrong deductions by wholesalerso Timely closure of monthly, quarterly, and annual accounts o Audits & special assignments: Handled statutory audits (BDO, RSM) for US, UK and India under IFRS, Internal audits (Grant Thronton), Group consolidation and working capital audits o Regulatory:  India: Ensure the company is in compliant with GST and Income Tax in accordance with Indian Laws o ERP: Implementation of Oracle Netsuite ERP across various entitieso Preparation of Operating budgets and long-term forecasts for all the entities MIS and Costing: o Responsible for reporting on financial performance, co-ordinating detailed analysis and review.o Analysing Plant Variance analysis, Returns Analysis, Budgets Vs Actuals, Customer wise and SKU level margin analysis. Strategic Initiatives: Co-ordination with internal and external parties with respect parties for the following :o Fund raising of ~ $ 20 Mn during Q1 2023o Divesture of Cranbury Facility to Biocon for $ 7.7 Mn in Sep 2023
  • Indo National Ltd
    Dgm Finance
    Indo National Ltd Jul 2016 - Jun 2018
    Chennai Area, India
    Indo National Limited, a BSE and NSE listed company, is into manufacture of dry cell batteries, flashlights, mosquito bats under the brand name of “Nippo Batteries”, 2nd largest selling batteries in India.Accomplishments:  Identification of next area of growth for the company and evaluation of such opportunities  Co-ordinate with internal stakeholders and preparation of long term forecasts and Annual Operating budgets for the company for the battery business Kineco Limited, Aerospace and Railway vertical of INL, a company wherein INL holds 51% engaged in the manufacture & supply of parts to Railways, Defence and Aerospace with a turnover of Rs. 120 Crs o Monitoring the investments on a fortnightly basis to understand any bottlenecks and ensure performance of the companyo Working with the company for preparation of bids with Railway Organisations Involve in various strategic activities such as acquisition opportunities, new business ideas, JVs etc Working with agencies on utilisation of promoter land banks and identified corporate farming as a mechanism.
  • Svl Limited (Under Deputation With Shriram Sepl Composites Private Limited)
    Senior Manager - Finance
    Svl Limited (Under Deputation With Shriram Sepl Composites Private Limited) Sep 2012 - Jul 2016
    Chennai Area, India
    SVL Limited, part of the Shriram Group is the holding company of the non-financial businesses of the Shriram Group which includes Shriram EPC, Shriram Properties, Orient Green Power, Shriram SEPL Composites and Hamon Shriram.Accomplishments:  Heading the entire finance operations of Shriram SEPL Composites Private Limited, a company with PE investor holding 32%, engaged in the manufacture of GRP pipes with a turnover of Rs. 50 Crs and executing Rs. 100 Crs worth of orders for NTPC; Current turnover of ~ Rs. 6.5 Crs per month;  Responsibilities: Accounting, working capital management, supply chain, banking and taxation functions of the company  Order Pricing / Costing: Part of the core team to decide of pricing of orders – Obtained orders in excess of Rs. 90 Crs for NTPC  Supply Chain and Material Procuremento Ensured reduction in raw material costs by 2%; Responsible for ensuring JIT Inventory System and ensuring smoother flow of factory operations. Working Capital Management / banking:o Negotiated additional working capital limits (fund and non-fund based) from existing bankerso Improved efficiency in Collections and resultant savings in interest costs MIS / Budgeting: Actively work with the operations time in preparation of budgets and implemented MIS reporting  Listed Companies experience:o Preferential allotment of Shriram EPC Limited and Orient Green Power Company Limitedo Open Offer of Orient Green Power Company Limited
  • Siva Industries And Holdings Limited
    Mergers & Acquisitions
    Siva Industries And Holdings Limited Dec 2009 - Aug 2012
    Siva Industries & Holdings Limited, a $ 3 bn enterprise, is the erstwhile holding company of telecom assets (“Aircel” and “Dishnet”), food & beverage assets (“Fresh & Honest” and “Barista”). Accomplishments: Responsible for Mergers & acquisitions, MIS and other key initiatives of Siva Group Forecasting and MIS: o Preparation of financial forecasts, rolling forecasts, analysis of financial statements incl. variance analysis, monitoring investments on a periodic basis and help in operational review.o Co-ordinate with various operational divisions for MIS purposes for reporting to top management. M&A Transactions: Handled M&A transactions including legal documentation in various sectors notablyo Shipping: Completed deals worth ~ US$ 300 Mn notable among those  Picking up 33% stake in heavy left Derrick Pipe laying barge for US$ 200 Mn Acquiring ~23% stake in Nordic Tankers, a listed company in Copenhagen for US$ 15 Mn Acquisition of 2 AHTS vessels worth ~ US$ 45 Mn Negotiated Letter of Intent with a Chinese shipyard for purchase of Jack Up rigs worth US$ 800 Mno Oil Palm & Agri business: Completed deals worth ~ US$ 350 Mn which included acquisition of 30% stake in Equatorial Palm Oil, an AIM listed company Fund Raising: Helped in raising debt of US$ 150 Mn for acquisition of ships and spearheaded legal documentation Group Representative activities:o Active co-ordination with shipping operations with respect to commercial negotiations – The Group shipping operations manages 32 vessels and generates revenues of over US$ 200 Mn.o Represented the board of directors in a couple of investments worth US$ 25 Mn  Taxation and Strategy: Part of Core team which will be consulted on FEMA issues, RBI regulations, SEBI Regulations & major direct tax initiatives.
  • Allied Investments & Housing Private Limited
    Finance Incharge
    Allied Investments & Housing Private Limited Feb 2009 - Dec 2009
    1. Heading the entire finance operations of the company and responsible of timely completion of audit, tax returns, utilisation of funds etc.2. Actively assisted the CEO on day to day operations as to performance monitoring as well as key decision making.3. Dealing with bankers for raising debt for the mall project at Old Mahabalipuram Road, Chennai4. Arranged Rs. 60 Crs loan from State Bank of India for the project5. Sucessfully implemented of ERP Microsoft Navision
  • Pyramid Saimira Theatre Limited
    Manager
    Pyramid Saimira Theatre Limited Feb 2008 - Jan 2009
    Part of the Project finance team which takes care of fund raising, new project initiatives, M&As and Investor relations1. Successfully arranged working capital from banks for theatrical exhibition as well as marketing divisions .2. Preparation of long term financial plans for theatrical exhibition, distribution, production and arriving at valuation of the verticals3. Successfully handled investor conferences / meetings4. Actively assisted the CEO-Exhibition on day to day operations as to performance monitoring as well as key decision making.
  • Siva Ventures Limited
    Assistant Manager
    Siva Ventures Limited Jun 2004 - Feb 2008
    1. Worked on M&A Transactions worth more than US$ 1.50 Bn (both buy side & sell side) including private equity2. Raised debt in excess of Rs. 2,000 Crs for telecom and other projects of the Group 3.Review of business plan, working preparation of MIS reports, Information Memorandum and corporate finance activities4. Part of a team which handled the finance function of an US based manufacturing company engaged in Renewable energy with project size of US$ 500 Million
  • Shreyas Advisory Services Private Limited
    Associate
    Shreyas Advisory Services Private Limited Feb 2003 - Jun 2004
    A consulting company providing consultation on Corporate finance as well as taxation matters

Prakash Sridharan Skills

Financial Analysis Financial Modeling Legal Documentation Budgeting Mis

Prakash Sridharan Education Details

Frequently Asked Questions about Prakash Sridharan

What company does Prakash Sridharan work for?

Prakash Sridharan works for Beurer India Private Limited

What is Prakash Sridharan's role at the current company?

Prakash Sridharan's current role is Chief Financial Officer.

What is Prakash Sridharan's email address?

Prakash Sridharan's email address is sr****@****ail.com

What schools did Prakash Sridharan attend?

Prakash Sridharan attended The Institute Of Chartered Accountants Of India, Institute Of Cost And Work Accountants Of India, The Institute Of Chartered Accountants Of India, Rkm Vivekananda College, The Institute Of Cost Accountants Of India.

What skills is Prakash Sridharan known for?

Prakash Sridharan has skills like Financial Analysis, Financial Modeling, Legal Documentation, Budgeting, Mis.

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