Umesh Dave Email & Phone Number

India

Responsibilities Handled: Revenue Cycle Optimization: Streamlined billing and collection processes, enhancing revenue cycle efficiency. Investment Management: Oversaw the hospital's investment portfolio, ensuring optimal returns on investments. Strategic Financial Planning: Led the development of long-term financial strategies to ensure the hospital's financial health. Financial Analysis: Conducted comprehensive financial analysis to guide strategic decisions. Budget Management: Oversaw budget preparation and monitored financial performance against set budgets. Regulatory Compliance: Ensured compliance with financial regulations and standards. Advisory Role: Provided strategic financial advice to the hospital's executive team. Key Achievements: Cost Optimization: Implemented cost-saving measures that reduced operational expenses by 15%. Project Cost Reduction: Achieved a 10% reduction in project costs through hard negotiation with vendors. Improved Financial Reporting: Enhanced the accuracy and timeliness of financial reporting, facilitating better decision-making. Financial Stability: Successfully maintained the hospital's financial stability during challenging times.

Uae

Responsibilities Handled: Strategic Partnerships: Established and managed strategic financial partnerships with global, GCC, and Indian banks. Capital Structure Management: Optimized the company’s capital structure to balance debt and equity financing effectively. Fund Raising: Spearheaded fundraising efforts for CAPEX, vessel financing, and working capital from financial institutions, GCC banks, and private investors. Treasury Management: Managed treasury operations, ensuring optimal fund allocation and liquidity management. Financial Forecasting: Directed financial forecasting and analysis to support strategic planning. Financial Planning: Developed and implemented short-term and long-term financial plans. Legal: Led the vetting, finalization, and execution of legal documents with lawyers and the legal team, ensuring completion of all registration formalities. Executive Committee: Actively participated as a member of the executive committee, providing independent insights on investments, new projects, diversification plans, and new product lines. Globalization: Assisted management in expanding into new markets by establishing subsidiaries in Singapore, Europe, and Africa. Stakeholder and Investor Relations: Cultivated and maintained strong relationships with stakeholders and investors, fostering trust and collaboration. Regulatory Oversight: Conducted due diligence and vetted legal documents for banking limits.Key Achievements: Raised Capital: Increased working capital from USD 10 million to USD 1.8 billion, collaborating with over thirty global and GCC banks. Cost Reduction: Negotiated a 2% reduction in term loan costs and a 1.5% reduction in working capital limits, saving USD 20 million annually. Debt Finance: Secured USD 220 million for oil storage projects and USD 45 million for vessel financing at competitive rates. Rating Success: Completed rating exercises with S&P Global, Moody’s, and Fitch,

India

Responsibilities Handled: Risk Assessment: Conducted risk assessments to identify and mitigate financial risks. Cost-Benefit Analysis: Performed cost-benefit analysis for major financial decisions to ensure optimal resource allocation. Department Leadership: Led the Finance & Accounts department, overseeing two professionals and six executives. MIS Development: Developed and implemented Management Information Systems (MIS) for better financial oversight. Regulatory Liaison: Liaised with bankers for working capital facilities and managed tax matters. Key Achievements: Resource Mobilization: Successfully mobilized resources, improving the company’s liquidity position. Cost Management: Implemented effective cost management strategies, reducing financial waste.

Ahmedabad, Gujarat, India

Responsibilities Handled: Financial Policy Development: Developed and implemented financial policies to improve financial governance. Joint Venture Management: Played a key role in establishing a joint venture for watch manufacturing worth Rs. 104 million. Financial Systems Implementation: Implemented financial accounting, MIS, and costing systems for new divisions. Key Achievements: Secured Funding: Secured Rs. 220 million in term loans for new packaging projects. System Implementation: Implemented robust financial systems, improving financial control and reporting. Public Issue: Successfully raised Rs. 80 Million through a public issue listed on the BSE for a watch manufacturing project.

Chartered Accountants, Accounts, Finance And Audit

Ll.B., Indian Constitution, Law Of Tort, Indian Penal Code, Hindu Law, Hindu Sucession Act, Taxation Etc., Graduate

B.Com., Accountancy, Finnacial Management, Taxation, Graduate

Inter C.S., Secretarial