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To achieve professional excellence in the field of finance while contributing to the best of my capabilities to the growth and success of the organisation.
PROFESSIONAL QUALIFICATIONS
Nov 2006 - Passed C.A. Final Examination in first attempt. June 2005 - Post Graduate Diploma in Business Management (PGDBM) from Suryadutta
Institute of Management Pune (affiliated to Pune University) June 2002 - Passed B. Com. from M.D.S. University, Ajmer (Rajasthan)
WORK EXPERIENCE
Vedanta Resources Plc– Apri’07 -till dateBusiness Controller
I explored myself as a controller in the following areas & locations of Group:
A. Vedanta Limited , Tuticorin (Copper Unit) (Mar’14- till date)Business Controller- ACID Business/Refinery/CCRo Preparation of MIS (Financial Statements) of respective Business Unit. o Prepare the Cost of Production (COP) at Unit level and evaluate and analyze the cost
per unit and circulate to senior Management o Capex Controller & Preparation of Annual Business Plan.o Preparation of Business performance reports/Executive committee’s reports along with
waterfall analysis and forecast for further months.o Active Participation in policy/SOP preparation.o Part of all negotiation for long term contracts and spot contract and tolling model
contracts.o Part of all pricing review committee and key management review committee.o Metal Balance Control MIS to senior Management. o SOX Controller /Risk Management Controller for Copper Business.o Audit Coordinator for Internal & Statutory Audit at Unit Level.
Apart from this, I have explored myself in Treasury functions as well:o Daily/ Weekly/Monthly Cash Flow Planning.o Make the Investment and optimize the returns as per company policy.o Ensure all Investment and cash flow related accounting made on a timely basis and
Investment MIS has been prepared and circulate the same within the time as per company guidelines.
o Handled and managed $2.5 Bio borrowings p.a. with reduction in interest cost.o Availing buyers credit/ suppliers credit/RA financing to make the import payments at
the competitive rates and makes the comparison analysis.o Preparation of borrowing MIS and ensure all FEMA related compliance has been
adhered and provide all documents to banks.
A. Copper Mines Pty Limited, Australia (Nov’11-Feb’14)
Financial Accountant o Cost Controller for Mining, Safety, Environment & Underground Maintenance.o Preparation of MIS (Financial Statements) as per IFRS and IGAAP & Australian
GAAP.o Excellent Knowledge of Hyperion (HFM Module/IGAAP Module/Hyperion MIS)o Evaluation & Analysis of Mining Cost of Production & Underground Maintenance.o Capex & Fixed Assets Controller.o Effective participation in Annual Business Planning Process. o Effective Management of Accounts Receivables, Payable and Clearing operations.o Effective Management of Payroll Operation.o Banking & Treasury Operations (Forex, Investments and online Banking) o Statutory Compliance (Income Tax, FBT, GST, R&D etc.)o Audit Coordinator for Internal & Statutory Audit.
B. Vedanta Limited, Silvassa (Dec’09- Oct’11) Finance Controller
o Preparation of MIS (Financial Statements) as per IFRS and IGAAP.o Effective Management of Payable operations and ensuring all activities are carried out
as per best practices and ensure there is no delay in paymentso Effective Management of Payroll operation and prepare the Finance input related to
Payroll and also account the same. Ensuring at the month end all accounting related to payroll is passed and all entries related to that is also cleared.
o Active Participation in Policy Making related to Scrap, By products and also ensure that all Financial arrangements are available before dispatch of materials.
o Management and Preparation of Daily Activity Report of product and ensuring that all Sales, Production is accounted on time in the system.
C. Vedanta Limited, Mumbai (April’07 – Nov’09)
Hedging Controller of Commodity & Forex Hedge Management:o Effective Management of Hedging operations and ensuring hedging activities are
carried out as per organization policieso Metal Pricing control for Domestic Sales as well as Exportso Credit evaluation of the customers. o Ensuring adequacy of Financial Arrangements prior to pricingo Effective Management of Price in and Price out and Hedging Reconciliation activitieso Preparation of Hedge Balance Sheet at the end of every month
o Active participation with IT in up gradation of Price Risk Management in SAP and different option establishment to easy the process and got awarded from management.
Trade office activities, which includes:o Trading through different brokers located in London Metal Exchange (LME)o Reconciliation of hedge desk transaction carried out with physical trades.o Broker credit management – Initial Margin and Variation Margino Prompt settlement with LME / LBMA Brokers on the due date and ensure cash
inflow/outflow.o Accounting for Hedges as per IGAAP and IFRS.o Knowledge sharing and making people aware of risk and risk management within the
organization
Forex Hedging Control activities, which includes:o Ensure forex transactions have been carried out on back to back basis.o Calculate MTM of RM, capex, loan at the month end of hedge amount.o Internal Audit of Forex hedging related transaction.
ARTICLE SHIP & TRAINING EXPERIENCE
A. HSBC Limited, Mumbai (Jan’06–Feb’07) - Industrial Trainee, Corporate BankingB. RSM & Co., Chartered Accountants (Feb’04- Jan’06)Articled Trainee
ACHIEVEMENTS AND EXTRA CURRICULAR ACTIVITIES
Awarded “Star of Business 2010” from Sterlite Industries. Cleared CA examination throughout in first attempt. Represented team at state level in Inter State Basket Ball tournament and won the trophy. Awarded with “SIIL CEO kitty 2009,2011,2015” award.
COMPUTER PROFICIENCY
Successfully completed ‘Diploma in Computer Application’ from Rashtriya Computer Saksharta Mission.
Successfully completed Professional ‘C’ Language from Tata InfoTech Pvt. Ltd. Completed 250 Hrs computer training from Aptech Computers. Hands on with Windows, MS Office - Excel, Word & Power point, SAP, Pronto and
Hyperion.
PERSONAL INFORMATION
Date of Birth : Dec 24, 1981Passport No. : F3218265Languages Known : English and Hindi Hobbies : Basket Ball, Music & Travelling. Contact Details : +91-9952200261
Permanent Address : Vinit GargS/o Shyam Sunder GargBazaaar NO 2, Near Vijay HotelBhilwara (Raj) - 311001
