Radhey Shyam Jhanwer

RADHEY SHYAM JHANWER Tel- (M): -, E-Mail:- PROFESSIONAL SNAPSHOT A qualified ICAI,CS, MBA [F] and LL.B. with over 25+ years’ experience in managing the overall finance function with strategic planning, budgeting, secretarial functions and statutory compliance across the tenure. Extensive experience in conceptualizing,implementing financial procedures and actively involved in finalization of accounts, Audits (dealt with Big audit firms EY, KPMG, PwC),Working Capital Management, Profit Monitoring, Tax planning,Transfer Pricing, Restructuring including M&A, SAP implementation, IFRS,IND AS, US GAAP etc PROFILE Highly accomplished, result-driven finance professional with over 25 years of progressive experience in devising business strategies, accounting and financial management. Possess positive attitude, entrepreneurial, multi-tasking skills, analytical flexibility to adopt different work environments, ability to lead a professional team and ambition to succeed. SKILLS Technically proficient: Fund raising (debts & capital), treasury management, budgets, MIS, Systems and Operating procedures, corporate & financial restructuring, project management, mergers and acquisitions, extensive network, business relationship, financial analysis, accounting and financial operations, taxation, legal & statutory compliance, IFRS, IND AS, US GAAP, corporate governance, insurance, commercial matters, negotiations, computer software SAP working knowledge, dynamism in initiating changes, generating & synchronizing ideas to execute plans effectively. Broad Industry knowledge:Multi-product /multi-location manufacturingas well as Service sector. Strategic perspective: Devise and implement financial strategies & business plans in sync with the financial environment to accelerate growth and make global competitive organization. Leadership: Out-of-the-box approach to problem solving and consistently drive bottom-line performance by team Building, motivation, vision and long term goals. MAJOR ACCOMPLISHMENTS At KLJ Group:[From July. 2017 to December, 2017] - the Largest Manufacturer and Market Leader in Plasticizers & Polymer Compounds in South Asia with ultramodern manufacturing facilities at Silvassa & Bharuch in India and at Rayong in Thailand are equipped with state-of-the-art-technology, producing a wide range of products besides trading of Petrochemical Products&Real Estate Development.[Group Turnover INR 40000 Million] Working as“Chief Financial Officer [CFO]”and heading Commercial functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control besides accounts, finance, audit, taxation, statutory compliance & secretarial function. At ACTION CONSTRUCTION EQUIPMENT LIMITED (ACE)[From Dec. ‘14 to June, 17] Leading material handling &construction equipment manufacturing company listed at NSE & BSE, presence in major Infrastructure, Construction, Heavy Engineering and Industrial Projects. [Turnover INR 7500 Million] Joined as “Head - Corporate Affairs & Company Secretary”, responsible for MIS, Finance & Accounts, Secretarial Compliance, Corporate Restructuring, Legal matters, Budgeting and Systems & Policies. At GROUP MEGA [From Nov., 2011 to Dec. 2014] Interest in manufacturing of auto meters, service, banking, technology, aviation, radio taxi, advertising&entertainment industry [turnover INR 10000 million] Joined as “Group CFO”to execute the set plans effectively with a process-driven approach, financial structuring, monitoring project cost & timeline, accounts, taxation, statutory, secretarial and treasury management of the Group. At A INFRASTRUCTURE LIMITED [from Dec’ 06 to Nov.,11] [Kanoria Group with turnover INR 7500 Million involves in manufacturing of AC Pressure Pipes and AC Sheets besides Construction Contracts] Designated as “Sr. Vice President & CFO”and heading Commercial functions involving determining financial objectives, designing & implementing systems, policies & procedures to facilitate internal financial control besides accounts, taxation, statutory compliance & secretarial function. At SICPA INDIA LTD. [fromSept’ 05 to Dec’ 06] (MNC with presence over 38 countries and manufacturer of Printing Inks in India - turnover INR 6500 Million) Designated as “GM [Finance & Accounts] cum Company Secretary”and heading finance & accounts functions besides Secretarial compliance under Companies Act. At JAIPRAKASH ASSOCIATES LTD [March’03-Aug’ 05] (JAYPEE Group diversified infrastructure conglomerate with business interests in Engineering & Construction, Cement, Power, Real Estate, Expressways, Fertilizer, Hospitality, Healthcare, Sports, IT and Education (not-for-profit) with Group turnover of INR 20000 Crores) – Listed at NSE & BSE Designated as “GM [Finance & Accounts]”and heading finance & accounts functions besides project complianceof Taj / Yamuna Expressway Project under a Concession Agreement on BOOT basis. At CLUTCH AUTO LIMITED[July ’90 – March’03] (Manufacturer of Clutches – a Auto ancillary unit - market leader and suppliers to OEM in India and overseas with turnover INR 5000 Million) [LISTED at NSE, BSE].Joined as “Joint Company Secretary” and risen to “CFO & Company Secretary”. Had gained rich experience in the field of commercial, costing, finance & accounts functions besides Secretarial compliance under Listing agreement and Companies Act, 1956 At M/s. PRADESHIK CO-OPERATIVE DAIRY FEDERATION Ltd.[July’ 87 –June’ 90] [Co-operative sector manufacturing of Dairy products in the state of Uttar Pradesh on ANAND Pattern] - Designated as “Manager [Accounts & Finance]” to look after accounts & finance function. LAURELS / HONOURS / SCHOLARSHIP:- Awarded ‘National Scholarship’ from Ministry of Education, Govt of India for meritorious record. Placed at 9th position in order of merit for B.Com in University of Rajasthan. IT SKILLS: Conversant with MS Office (Word/Excel/ PowerPoint) and Internet Applications ACADEMIC CREDENTIALS Company Secretary [CS] from Institute of Company Secretaries of India (ICSI) in 1988. Cost Accountant [CMA] from Institute of Cost Accountants of India (ICAI) in 1986. Graduate Member of All India Management Association [AIMA] in 1994. Master of Commerce [ABST] from University of Rajasthan, Jaipur in 1986. Bachelor of Law & Legislation [LL.B.] from University of Rajasthan, Jaipur in 1988. Bachelor of Commerce [B.Com] from University of Rajasthan, Jaipur in 1984. PERSONAL Date of birth : 31st August, 1964 Address: House No. 1311, Sector – 37, FARIDABAD, Haryana – 121003 Marital Status : Married Annexure : 1 – Details of past experience -RADHEY SHYAM JHANWER At ACTION CONSTRUCTION EQUIPMENT LIMITED (ACE) [From Dec. 2014 to June, 2017] Leading material handling & construction equipment manufacturing company listed at NSE & BSE, presence in major Infrastructure, Construction, Heavy Engineering and Industrial Projects. [Turnover INR 7500 Million]Working as “Head - Corporate Affairs & Company Secretary” Accomplishments: Budgeting & MIS : Instituted internal control systems viz. debtors management, stock monitoring as well as keeping a constant vigil over overhead expenses by MIS, Budgeting and regular follow up. Finance & Accounts: Dealing with banks and NBFCs for financing besides accounts finalisation. Business Strategies: Formulate need-based business strategies for maximizing profitability & revenue generation by cost reduction, optimum use of facilities and profitability optimization. Systems and policies: Develop / implement systems & policies based on findings of Internal Audit. Corporate restructuring:Scheme of Amalgamation / Merger of ACE TC Rental Ltd with the Company. Secretarial Compliance:Secretarial Compliances under listing agreement and Companies Act, Handling Board Meeting, Committee Meetings, Shareholders Meetings. Trade Mark & Patents: Defending for infringement of Design patent by Competitors. Legal & Arbitration: Successfully handing legal matters including civil, criminal, consumer cases and arbitration cases - from appointment of arbitrator, participation in Proceedings, Settlement & Award. At GROUP MEGA[From Nov., 2011to Dec. 2014]Interest in manufacturing automobile meters, service, banking, technology, aviation, radio taxi, advertising&entertainment industry[turnover INR 10000 million] working as“Group CFO” Accomplishments: Capital fund raising: PE funding -Complied with Due Diligence and Investors requirements, Preparation of financial projections, dealing with Legal Counsel, Kick-off Meeting, Analysts meeting, Treasury management: Invested surplus funds of the Group through money market, mutual funds. SAP Implementation: Successfully implemented SAP in operations besides commercial function. Corporate restructuring: Initiated consolidation of Group companies under holding company structure. Accounts, Systems & Policies: Formed a team,structured MIS systems, implemented best practices and policies, internal controls & checks, project management, ensured proper accounting, audits and statutory compliances. Business plans: Established detailed business plan models for Investors and lenders, participated in tenders for new business. Validating the commercial strategies for maximizing profits and revenue. Corporate Governance [CG]: Implemented CG viz,appointment of independent directors, forming of committees and sub committees, management audit and secretarial audit by independent CS firm etc. At A INFRASTRUCTURE LIMITED[from Dec’ 06 to Nov.,11][Kanoria Group with turnover INR 7500 Millioninvolves in manufacturing of AC Pressure Pipes and AC Sheets besides Construction Contracts] - Designated as “Sr. Vice President & CFO”. . Accomplishments: Debt fund raising: Arranged loans for projects under consortium, documentation and disbursements. Working Capital: Assessment, Appraisals, renewal of need based WC on best terms. Budgeting & MIS : Instituted internal control systems viz. debtors management, stock monitoring, as well as keeping a constant vigil over overhead expenses by MIS, Budgeting and regular follow up. Business Strategies: Strategies for cost reduction, optimum use of facility and profitability optimization. Structure Revenue Models: Structured various revenue models on Lease, Royalty and Profit sharing basis to avoid fresh capital investments in plants resulting optimize utilization of resources in the Group. Systems and policies: Developed and implemented systems andpolicies in a short span of time. Tax Planning: Major saving achieved in Excise Duty on depot despatches and commission to dealers.Also availed Sales Tax Exemption from State Govt. on AC Sheets besides VAT credit on Input. Amendment by CBDT: Representation and follow up via Industry Association resulting grant of exemption of excise duty on Couplings [small pipes] – major relief in excise SCN & litigation. At SICPA INDIA LTD. [fromSept’ 05 to Dec’ 06] (MNC with presence over 38 countries and manufacturer of Printing Inks in India- turnover INR 6500 Million)as “GM [Finance & Accounts] cum Company Secretary” Accomplishments: Treasury management:Invested surplus funds of the Group through money market, mutual funds. Working Capital: Arranged working Capital assessment, Appraisals, documentation & disbursements. Corporate restructuring:Scheme of Arrangement under Section 391 & 394 of Companies Act, 1956 for Packaging Ink Business Unit [PIBU] through Hon’ble High Court of Delhi. [De-Merger Activity]. Business Improvement: Drive business improvement by examining pricing models and segmentation accounting. Use these tools to ensure appropriate front-end margins are maintained. Develop MIS: Analyse financial results with respect to trends on revenue, profit marginand costsvis-à-vis budgets. Identify operational areas to enhance profitability. Business Planning: Assist and consult with top management in business planning and advice on key financial issues affecting the organizations’ operations and profitability. Accounting function: Ensure Financial reports are consolidated on a monthly basis according to both US GAAP and local IFRS. Ensure that corporate accounting policies and procedures are followed with the integrity of accounting records. Audits (Big audit firms EY, KPMG, PwC), Transfer Pricing etc. At JAIPRAKASH ASSOCIATES LTD [March’03-Aug’ 05](JAYPEE Groupdiversified infrastructure conglomerate with business interests in Engineering & Construction, Cement, Power, Real Estate, Expressways, Fertilizer, Hospitality, Healthcare, Sports, IT and Education (not-for-profit) with Group turnover of INR 20000 Crores) – Listed at NSE & BSE Ltd.- Designated as “GM [Finance & Accounts]”. Accomplishments: Debt fund raising: Arranged loans for projects arrangement, documentation and disbursements. Project Supervision: Project compliance of Taj / Yamuna Expressway Project on BOOT basis. The Project involves preparation of TEFR/DPR, Design, Engineering, Financing, Procurement, Construction of Access Controlled 6-lane Expressway-165 K.Ms.- Noida to Agra and O&M for 36 years [Including TOLL collection] besides Development of 6250 Acres Land-having project cost over US $ 1.50 billion. Accounting and MIS: Accounting, Profitability Analysis, Revenue Cash Flow, develop MIS & reporting. Audit: Finalisation of Accounts for the Project, Interaction with Statutory Auditors and Internal Auditors. Budgets: Preparation of Capital and Operating Budget, ensuring adherence of the same. InventoryControl: Control store issues Physical & other expenses of the project with the Budgets. Co-ordination: Synergies in costs through constant interaction in the Group. Liaison with government agencies, Compliance of Legal matters - VAT, Service Tax, Excise, Customs and Insurance matters. At CLUTCH AUTO LIMITED[July ’90 – March’03] (Manufacturer of Clutches – a Auto ancillary unit - market leader and suppliers to OEMin India and overseas with turnover INR 5000 Million)[LISTED at NSE, BSE]. Joined as “Joint Company Secretary” and risen to “CFO& Company Secretary”. Accomplishments: Debt fund raising: Term Loans - Rupee & FC: Arranged loans for projects under consortium arrangement,Project Appraisals, documentation and disbursements(ICICI/IFCI/IDBI/IIBI/EXIM BANK). Working Capital (WC):Arranged WC under consortium - Appraisals, documentation &disbursements. Revival of Sick Industry: Successfully revived sick unit into profitable unit. This involves sacrifices from FIs, banks and state Government in the form of exemption of ST, concession in electricity duty, fresh loans on concessional interest rates etc.Provided exceptional level of support throughout to CEO in every area of operations and strategy to take a U turn for a BIFR Company in a record period. Rationalisation of Inventory: Reduction of inventory to one third and increase production by three times resulting increased production and operational efficiency with lower holding cost of inventory. Budgeting & MIS : Instituted internal control systems viz. debtors’ management, stock monitoring, as well as keeping a constant vigil over overhead expenses by MIS, Budgeting and follow up. Funds raised through Capital Market: Successfully handled Public Issue, Rights Issue, Warrants Issue, ZRD, NCD to raise funds for new Projects & revival of the Company. Development Grants & Soft Loans: Development Grants from World Bank - ECIP/ EXIM Bank Soft Loan obtained from IBEFT (Ministry of Commerce) for promotion of brand at international level and Soft Loan from TDB (Ministry of S&T) for Development & Commercialization of Ceramic Clutches. Negotiation with overseas JV Partner:Successfully execution of term sheet, Share valuation, handled Commercial & legal aspect to the satisfaction of JV Partner besides revaluation of fixed assets. Trade Mark & Patents: Registration & Defending for infringement of Design patent by Competitor. Legal & Arbitration: Appointment of arbitrator, Proceedings, Settlement, Award & its implementation. Secretarial Compliance:Compliances under listing agreement and Companies Act including Public Issue, Rights Issue, Warrants Issue, ZRD and NCD. At M/s. PRADESHIK CO-OPERATIVE DAIRY FEDERATION Ltd.[July’ 87 –June’ 90] [manufacturing of Dairy products in the state of Uttar Pradesh on ANAND Pattern] - Designated as “Manager [Accounts & Finance]”. Accomplishments: Working Capital: Assessment from bank - Appraisals, documentation and disbursements. Rationalisation of Inventory: Reduction of inventory to save holding cost of inventory Budgeting & MIS: Introduced tight monitoring systems through MIS & Budgeting. Computerisation: Computerised entire accounts, Instrumental in cost reductions.