Balaprakash Avnd

Chartered Accountant, Company Secretary 20+years of rich experience in finance and accounts, Taxation, Treasury, Secretarial, Audit & Compliance, MIS, Budgeting, with strong analytical thinking and a key performer in the top management. Strong interest in core finance, tax and MIS “I am a successful finance professional with a proven track record of business growth and restructuring of multinational companies, my 20+ years of varied experience in finance & accounts, dedication to the work, strategic, forward-thinking initiatives, entrepreneurial spirit, adaptability and strong subject knowledge help the organization in achieving their goals”. Key Skills and Areas of Expertise Consolidation & Audit Closure Indian GAAP & International GAAP FP&A & Cost Control Investors & Private funding reporting Exports & FEMA Compliance AR / AP & RtoR for Shared Services Listed & Private Entities and MNC’s Tax Compliance ( DT & IDT ) Treasury & Working Capital Internal Control & Compliance Secretarial Compliance Mergers & Acquisitions Manufacturing & Service Industry Guest faculty in Symbiosis BSchool, Hyderabad Delivered lectures to young Grads on various topics relating to finance, Union Budget, Group seminar etc. * Technical Skills • Oracle Cloud / 11i & R12 - Implemented Oracle from Tally • SAP – Have working knowledge with all the modules of ERP • Workday Finance ERP Unique talent in analysis • Tally ERP – Worked extensively in Tally ERP I have good analytical thinking and good at analysis • Got the working knowledge in Excel, Word & PPT Telugu English Proficient Hindi Advanced Qualifications & Certifications 1. 2. 3. 4. 5. 6. Chartered Accountant from ICAI during 2005 Company Secretary from the ICSI during 2012 Pursuing ACCA Masters in commerce during 2006 from Acharya Nagarjuna University Bachelors degree in commerce during 2002 from Acharya Nagarguna University. Hindi Basha Praveen from Dakshin Bharat Hindi Prachara Sabha EXPERIENCE Finance Controller (Designated Director Finance) Ryan India Tax Services Private Limited 2024 - Present Hyderabad Ryan is a global tax services firm, headquartered in Dallas, Texas, Ryan provides an integrated suite federal, state, local, and international tax services on a multi jurisdictional basis. Responsibilities include: As the India Finance Controller, I lead a team of 35 professionals in Shared Services for Accounts Receivable (AR), Accounts Payable (AP), and Record to Report (RTR), supporting our Group entities from India. My key responsibilities include: Financial Statements: Preparing and reviewing periodic financial statements in Tally and Workday under both US GAAP and Indian GAAP for Ryan India. Statutory Compliance & Tax management: Ensuring all statutory compliance for Ryan India, including handling statutory audits, tax audits, transfer pricing audits, and GST audits. Managing direct and indirect tax issues for Ryan India Internal Controls: Framing Internal Controls and ensure compliance of those controls in HR, Finance, IT, Administration departments. Team Leadership: Overseeing a team of 35 members who handle global shared services in AR, AP, and RTR. This includes reviewing contracts, recording customer invoices, updating customers, managing collections, and clearing collections for the entire group from India. Additionally, we record supplier invoices for our group entities in Workday and process payments from India, managing the entire AR and AP functions for the group from India. Key challenges: Reconcile old pending Unreconciled ledgers and migrated the Indian GAAP financials from Tally to Workday financials. Streamline the accounting process and redesign the ERP to suit the Indian statutory requirement. Finance Controller 2020 - 2024 Belcan India Private Limited Hyderabad Belcan is one of the Leading Engineering Services providers in Aerospace industry, provides solutions and support in Product Engineering, Software and Digital Engineering, Workforce solution, Manufacturing & Supply chain. Spearheaded Belcan India, collaborating closely with and advising MD through in business growth Notable achievements: • Successfully completed merger of a legal entity • Successfully Migrated to Oracle from tally in a record time. • Got old pending export Incentives and improved the cashflow • Achieved huge cost savings through negotiations and process improvements • Developed Power BI reports for a detailed analytical view of Business • Streamlined the accounting and finance reporting and increased the pace in month closing and year closing and audits • Supported other functions like HR / Admin & Operations in improving their process • Implemented paperless office and Zero errors in compliance Responsibilities include: End to End finance & Accounts like preparation and presentation of financial statements in Oracle on monthly basis, maintaining separate set of books for SEZ and DTA, maintain financials under IGAAP & USGAAP, Monthly books closure includes Revenue recognition, provisioning, cost segregation for DTA & SEZ and Fixed asset capitalization, revaluation of closing balances and AP/AR reco and closing periods. • • • • • • Preparation of cashflow on a weekly basis, customer & supplier aging, Handled Statutory audit, tax audit, Transfer pricing audit & GST audit, preparation of annual financial statements and present it to the board Secretarial compliance, annual filings, Quarterly filings & XBRL financials Preparation of periodical budgets, Reports in Power BI tool for better data analysis Handled Direct & Indirect tax and completed the pending assessments, Received pending export incentives. Handled HR & Admin department as a part of additional portfolio which includes setting up HR Policies and procedures, Payroll processing and Admin support for maintenance of the facility Sr DGM finance and accounts 2017 - 2020 DQ Entertainment Limited Hyderabad DQ Entertainment (DQE) is an animation, gaming, live action entertainment - production and distribution company Spearheaded DQ Entertainment by closely working with CFO & Director Finance Notable achievements: • Implemented IFRS, INDAS and USGAAP for the company, with Multi currency, Multi GAAP consolidation • Have got good exposure in Working with Indian Listed company and London Listed company • Resolved all the old pending tax litigations and obtained huge tax savings • Have obtained huge Export incentives like SEIS and GST refunds • Closely worked with Director finance in providing the MIS to Investor and obtaining funds to the company • Streamlined the financial reporting and improved the Statutory compliance • Implemented GST first time adoption to the company Responsibilities include • • • • • • Preparation of financial statements for the Group company & subsidiaries and submission of Quarterly and Annual results to NSE & BSE Spearheading the Board meetings by presenting the financials and strategies to improve the business growth, to the board Preparation of Cash flow projections for investors and valuation of Intellectual Property. Handling banks towards obtaining short term and long-term loans and preparation of Stock statements / CMA data for renewal of existing loans. Also have experience in submitting application for restructuring of existing facilities Implemented Internal Control framework for finance reporting (ICOFR) Handled Statutory audit & Tax audit of Group company and subsidiaries which are spread across the globe. DGM Finance Tecumseh Products India Pvt Limited 2013 - 2017 Hyderabad Tecumseh Products India (P) Limited is the wholly owned Subsidiary of Tecumseh US, which is the leading manufacturer of Hermetically sealed Compressors Notable achievements: • • • • • Successfully completed tax assessments for continuous 5 years without any adjustments Obtained huge Export incentives like FPS, Duty drawback and VAT refunds and helped for the cashflow of the company Effectively managed the company cashflows by utilizing the fund-based limits like CC/Short term loan and through various non-fund-based limits like Bill discounting / Packing credit / LC & BG etc. from banks Implemented Internal controls towards SOX compliance Taken many Cost Control measures in the operations Responsibilities include • • • Monthly preparation of financial statements both in USGAAP & IGAAP, MIS reports Detailed account analysis, GL recos, AR / AP management Worked extensively in Oracle and have good exposure in product costing & Inventory valuation Have good exposure in preparing Capital Expenditure proposals, Preparation of Budgets & close monitoring the variances against budget, Close follow-up with customers and timely realization of debtors. On time payment of PF/ TDS / Income tax and filing all the statutory returns and statutory compliances Handled Statutory audit, Internal audit & Cost audit comfortably as we have systematic approach of bookkeeping. Preparation and implementation of DOA, Policies & Procedures. Periodical Secretarial compliance towards board meetings / AGM / EGM etc and filing XBRL and AOC forms. • • • • • • Senior finance Manager VST Industries Limited 2008 - 2013 Hyderabad VST Industries Limited is one of the Subsidiary of British American Tobacco with a broad portfolio of manufacturing Cigarettes Notable Achievements: • • • • • • • Implemented SAP for the manufacturing setup Setup Khaini production unit after doing a thorough feasibility study of complex Excise laws and Statutory permissions Have played crucial role in improving the Tobacco exports and getting realization of export debtors Got huge Export Incentives like MEIS, FPS etc Handled Transfer pricing study for the intercompany transactions Good exposure on Cigarette costing and Brand Profitability Responsibilities include • • • • • Preparation of financial statements & MIS, maintaining G/L accounting in SAP, compliance with IGAAP and preparation of Brand wise costing & profitability and Tobacco wastage report and process losses Monthly G/L recos, bank reconciliations, AR/AP aging and ensuring on time settlements. Export billing and complying FEMA guidelines in terms of documentation, realisation of export proceeds and clearing the pending EDPMS, Compliance with statutory requirements like NSSO, RBI & Tobacco board Handling Statutory audit, TP audit and Statutory compliance. Deputy manager finance EID Parry (I) Limited 2006 - 2008 Chennai / Trichy EID Parry (I) Limited is one of the Flagship companies of the Murugappa with a broad portfolio of manufacturing Sugar & Bio Division. Notable Achievements: • Handled 20MW power project and Sugar plant modernization which include preparation of feasibility study, Capital expenditure proposals, project funding, Supplier payments and reconciliation, have made detailed project reports and capitalization of assets procured for sugar factory, has participated in procurement negotiations and bids • Handled Complete factory finance and accounts at a very beginning of my career • Resolved many old pending tax litigations and property litigations for the company • Got Duty drawback and tax refunds for the company Responsibilities include • • • • • • • Monthly preparation of financial statements, Capitalization of assets, AP/AR management Working Capital management Cost Centre wise & GL code wise budgetary planning Good exposure in Statutory Audit, Tax audit, Cost audit, Good experience in Statutory compliance like TDS, VAT & CST, PF etc Attended Excise / TDS hearings, Compliance in Personnel & Operational laws. Article Assistant Y Tirumala Rao & Co • • • • 2000 - 2003 Vijayawada Handled Stock audits in Hindustan Level Limited, stock taking for Steel Pipe dealers. Vouching and verification of books of account prepared manually and system generated records. APSPDCL (Andhra Pradesh Power distribution company Limited) bills verification and vouching Computation of tax statement for Individuals, HUF's and companies Awards & Recognition • • • • • Has always been topper in studies and obtained prestigious Parvatenini Brahmayya Memorial Gold medal for securing highest marks in Humanities Obtained National Merit Scholarship from Ministry of HRD, govt of India for outstanding performance in studies Received best accountant award in EID Parry Received appreciation from CEO for having done the financial transformation in DQ Entertainment Limited. Secured Bronze medal for participating in Janma Bhoomi Program