Sumit Jain

Sumit Jain Email and Phone Number

President Finance Compliance & Legal and Supply chain & IT at Parag Milk Foods || Fellow Chartered Accountant || Fellow Company Secretary || Fellow Cost Accountant || @ Parag Milk Foods
pune, maharashtra, india
Sumit Jain's Location
Mumbai, Maharashtra, India, India
About Sumit Jain

Parag Milk Foods Limited• Gross Margin and profitability improvisation by 220 bps• Successful restructuring for debt • Secured institutional business for worth of INR 325 Crs• Additional Fund raising for INR 156 Crores on off Balance sheet basis.• Driving project for cost saving with target of INR 100 crs.• Secured benefits of INR 33.1 crores under PLI and PSI scheme.• B2C business redesigning ( last 2 Quarters growth is average 22% on QoQ basis).• Successful deal closure for setting up joint ventures in two overseas country.Reliance Brand Limited • Ramped up the business from Business size of INR 1200 crs to INR 1800 Crs.• Delivered all time high business performance luxury business portfolio. (125%+ AOP)• Project for Business Valuation and Target pricing for stake acquisition in Manish Malhotra, Circle E and Omania Toys)• Successful implementation of Algorithm based Budgeting tool for entire RBL.• Successful implementation of Inventory liquidation plan bringing inventory DOH down by 18.5%.• Successful acquisition of Luxury business franchisee rights of CHARLES TRYWHITT and BALENCIAGA.• Successful acquisition of IP rights for Baby care international luxury brand Mothercare and Brooks Brothers.• Led Finance reimagine committee formed of Young finance leader of the organization for two years.• Effective front end dealing with Luxury Brands HQ and Investors• Due Diligence for acquisition of international business for worth of INR2500 Crs (NY Stock Exchange Listed Company).• Revamped Hamleys international business to 97% topline achievement of 2019-20 with Improved delivered margin.Britannia Industries Ltd.• Complete “Procure to Pay” management for procurement of Raw Material/Packaging Material PAN India all plants for worth of 7500 Crores.• Implementation of 5+ Fintech app.procurement and distribution of Key Commodities.• Project ownership and implementation for project Milaap ( ASN based Gate Entry System)• Member of SAP S4 HANA core committee• Leadership and controlling on financial aspect for “Project Wheat Buying” ( Size of Operations ~Rs. 800 Crores.• Fund plan and management for almost ~Rs. 1300 crores for on strategic • Key Leadership in initiating hedging model for Oil Sourcing on BMD ( Bursa Malaysia Derivative – Malasiya) Expected Quantum of INR 500 Crores.• Highest KRA score achievement for 2019-20 and taken charge of 4 different profile with in 3 months of joining.• Highest CEP ( Cost Efficiency Program) contribution to organization goals ~42% of total organizational • Secured Fiscal Benefits for expansion

Sumit Jain's Current Company Details
Parag Milk Foods

Parag Milk Foods

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President Finance Compliance & Legal and Supply chain & IT at Parag Milk Foods || Fellow Chartered Accountant || Fellow Company Secretary || Fellow Cost Accountant ||
pune, maharashtra, india
Employees:
974
Sumit Jain Work Experience Details
  • Parag Milk Foods
    President - Finance Compliance Legal And Supply Chain
    Parag Milk Foods Jan 2024 - Present
    Mumbai, Maharashtra, India
    Heading Finance Operations and Strategic Planning, steering the finance team in critical commercial decisions, budget approvals, and crafting the AOP for FY 24-25, with a bold 5-year vision. Chairing board meetings, ensuring rigorous SEBI and statutory compliance while driving strategic growth through high-impact acquisitions and overseas expansion. Orchestrating investor relations, credit rating management, and stakeholder engagement, alongside leading the SAP S4 HANA implementation and key process alignment projects. Also holding dual roles as Head of HR and IT, while providing strategic mentorship to the supply chain team.

Sumit Jain Education Details

Frequently Asked Questions about Sumit Jain

What company does Sumit Jain work for?

Sumit Jain works for Parag Milk Foods

What is Sumit Jain's role at the current company?

Sumit Jain's current role is President Finance Compliance & Legal and Supply chain & IT at Parag Milk Foods || Fellow Chartered Accountant || Fellow Company Secretary || Fellow Cost Accountant ||.

What schools did Sumit Jain attend?

Sumit Jain attended The Institute Of Chartered Accountants Of India (Icai), Ipa (The Institute Of Professional Accountants), The Institute Of Cost Accountants Of India, The Institute Of Company Secretaries Of India (Icsi).

Who are Sumit Jain's colleagues?

Sumit Jain's colleagues are Ashfaq Ahamed, Manjunath Bn, Pradnya Pokale, Pushpalatha K, Kaustubh Waghmare, Shital Kate, Mohammed Mansoor Khan.

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