SANJAY KULKARNI EMP-72/402, Sector I, Evershine Millennium Paradise,

Thakur Village, Kandivali (East), Mumbai – 400 101 Tel (R) 022-6576 8254 Mobile: 9819801640

(Off): 022 – 6775 1716 Email: Sanjay.kulkarni@emerson.com

Profile Snapshot

Finance Professional with extensive experience in accounting, internal and external financial reporting, integrated systems, tax planning and transfer pricing, insurance and risk management, budgeting and control, financial planning and analysis, and assisting business leaders to achieve their financial goals.

Committed to enterprise value creation through strong internal controls, timely business analysis, and accurate and insightful financial reporting

Handling the finance & tax function for the business unit and Corporate

Key performance areas- Accounting & Financial Operations- Strategic Planning, Budgeting and Forecasting- Financial & Cost Reporting- Cost Reduction & Process Improvement- Corporate and International Taxation- Legal and Secretarial compliance, Corporate Governance- Review of existing internal controls and ensuring strict compliance- Audits and due diligence- Compliance with SOX 404 requirements - Advanced computer skills, incl. ERPs (MFG/Pro, ACCPAC, JDE, Oracle R12)- Indian and US GAAP experience- Managing and developing team members successfully to achieve individual and company goals

Core competencies

AnalysisPlanningLeadershipProcess improvementsFunctional expertise for ERP projectsBusiness AcumenRisk managementProject ManagementEthics and compliance

Career Sketch

1. Currently working at Emerson Electric Co India Pvr Ld – Corporate entity for Emerson in India as Director Finance & Tax since Sep 2013 till date.

Responsible for India , MEA Corporate and Sri Lanka legal entity

Work Areas: -

- Corporate Finance function oversight over management reporting to Parent co Accounting team for all shared service centers in India, Sri Lanka and the MEA Corporate office

- Budgetary Planning for all India units per Corporate guidelines- Corporate Treasury and funding management for all Indian entities to ensure

optimal cash management- Cash pool arrangement for various divisions and surplus funds investments in

maximum return deposits- Work with relationship banks in India and develop the same and highlight

issues faced by business and work on process improvements and new controls

- Managing Statutory and all audits for entity including Sri Lanka region entity as well

- Company law matters and secretarial compliances on time- Attending Corporate Governance meetings for all business units in India- Part of the Oracle IT Board to represent as the Finance stakeholder on various

implementation decisions- Lead implementation of IT systems for various units of the company –

successfully implemented Oracle OIB and HFM systems and e-banking platforms for company units

- Global shared service centre/Corporate office standardization- Risk Management function for Corporate and all entities – insurance policies

renewals and also work on Risk mitigation recommendations of global insurance partner

- Coordination of finance issues impacting the country as a whole ; viz. Group policies and procedures , Local regulatory requirements, new regulations preparedness (INDAS/GST)

- Organization of annual India Controller’s Conference and topic specific training sessions.

- Assist new business units of Company setting up in India to help them set up their operations and provide finance support

- Corporate Tax matters - involving managing routine direct and indirect tax issues for legal entity and also special attention to developing strategy to manage potential overseas tax liabilities of Indian entities and overseas entities in India.

- Analyze tax efficient restructuring of the Indian entities and working on advisory matters on valuation and tax structuring for new acquisitions and divestitures in India

2. Emerson Process Management India Pvt. Ltd. (September 2005 till June 2013)

Designation - Asst. Finance Director (since April 2011)Joined as - Finance Controller Subsidiary of Emerson Electric Co., USA engaged in the manufacture of process

instrumentation and distributed control systems having a turnover of Rs. 600 crores.

Work Areas: -

- Responsible for overseeing the general accounting and internal and external reporting by managing a team of 10 persons (3 Direct reports and their team)

- Credit Exposure management by designing a credit evaluation technique for all customers and implementing a credit limits tracking system

- Managing Tax assessments and transfer pricing assessments- Compilation of P&L budget and preparing justifications for Board approval of

the same- Monitoring the revenues and costs related to long term projects and monthly

review of project estimates for costs at completion.- Working Capital improvement plans – Monitoring Receivables and Inventory

aging and monthly review of inventory turns and DSO- Responsible for managing the various audits, such as internal audit, statutory

audit, FCPA and SOX audit- Oracle implementation Project Manager for company

- Business unit wise – financial analyst role - Advising business unit head on key financials metrics analysis, decision support for business strategies, short term and long term financial plans

- Process improvement projects adding value as key support function - Training business and sales team for financial discipline and awareness for

better compliance- Monthly Plans working and submission to Corporate

Selected contributions:

- Profit improvement actions project leader – worked with all business units to track the actions taken , highlight key issues and suggest actions and develop report for monthly review

- Designed and implemented a Credit Policy for the company by designing a template for evaluation of credit limits for customers. Created a database which enabled on-line monitoring of credit limits and outstanding of customers facilitating control and efficient collection

- Project leader for Oracle financials implementation - Capital investment decision matrix preparation and setting up process for

Capex approvals- Process improvements in vendor invoice accounting and payment processes,

shared services transition plan for routine accounting transactions – worked with AsiaPac teams

- Project leader for Past dues improvements and development of automation tool for collection organization

- Monthly forecast profitability estimation – work on sales & Operational planning exercise with business units and have good P&L estimation tool.

- Designed and implemented a template for review of Selling and general administration expenses of all common departments and trained department heads to develop and manage their operating budgets, significantly improving overhead cost ownership, visibility and control.

- Successfully standardizing the assets’ insurance covers by negotiation with various insurance companies, thereby realizing savings in premium outgo.

- Restored active communication between operations personnel and the finance department, improving efficiencies

2. Sigma Marine and Protective Coatings India P. Ltd.

Position - Senior Manager Finance & Admn. (July 2004 till September 2005)

Company is a wholly owned subsidiary of Sigmakalon BV, Holland which is one of the leading marine and decorative paints suppliers in Europe and rest of the world. The Indian company had a small presence in India through its Sales office having an annual turnover of Rs. 25 crores.

Work Areas:

Responsible for overall coordination of the below activities:

- Financial accounting and monthly reporting in Hyperion- Management Reporting to Asia Pacific Finance Controller in Hyperion

database- ROI calculations for financial viability of new factory project and submitting

the same for review of HQ. Internal discussions with business heads for review of financial data and evaluation of possible scenarios which give varying ROI results, culminating with selection of most likely case.

- Make effective and innovative use of ERP (ACCPAC) to develop new reports and provide useful information to management for decision making

- Compliance with Group Authority rules and procedures and also of Indian statutes

- Direct and Indirect Taxation- Insurance of assets- Administration responsibilities, payroll, leave management, etc.- HR function involving preliminary interviews, evaluation and hiring, issuing

appointment letters and calculation of salaries and bonuses. Active involvement in performance appraisal process annually.

- I T department responsibilities viz. server maintenance, network management, backups, user access management, program change in ERP, overall ensuring no downtime of network.

- Secretarial and legal statutes compliance- Ensure completion of statutory, tax and transfer pricing audits

3. Raychem RPG Limited

Manager- Finance & Company Secretary (Feb.2000 till June 2004)

The Company was a 50:50 joint venture between Raychem Radiation Technologies USA (later taken over by Tyco International USA) and RPG Enterprises, a leading Business house in India. The company was engaged in the manufacture and sale of power and telecommunication cables jointing accessories having one state-of-the –art manufacturing facility and an annual turnover of Rs. 100 crores.

Work Areas:

a.) FINANCE & ACCOUNTS

- Ensuring timely and correct accounting of all financial transactions.- Timely completion of internal audits, statutory audits and other audits.- Weekly monitoring of receivables position for cash planning and forecasts.

Preparation of cash flows for the week and month to ensure smooth payments of all dues.

- Liasoning with all banks & financial institutions for obtaining cheap and new sources of finance. (Viz. CP, FCNR loans, etc.)

- Monitoring both fund-based and non-fund based limits sanctioned by banks and making applications for enhancement in limits.

- Forward Covers taken to hedge the company's net forex exposure from time to time.

- Project Accounting – Accounting for composite as well as individual contracts involving supply and services to the major Pipeline projects of Oil & Gas companies all across India.

b.) MIS REPORTS

- Preparation and analysis of monthly profitability position of the Company and compiling MIS reports on monthly basis for perusal of top management.

- Separate reports of Receivables, Inventory, Divisional profitability statements, other current Assets, divisional operating expenses are prepared at monthly intervals for the top management. Comparison of actual performance as against the Budgets fixed at the beginning of the year included in these reports.

- MIS Reporting to USA Parent Company done on a monthly basis using Hyperion reporting software.

- MIS Reporting to Indian Partner in a pre-set excel reports giving all aspects of the financial performance parameters.

- Project wise profitability analysis, receivables status and comparison of Budgets with Actual – Reports for the SBU head & CEO.

c.) BUDGETS

- Sending Budget data formats to all Division heads and fixing time schedules for each of them to make their presentations.

- Compiling all the budget data given by each of the business heads and preparing a total company budget.

d.) TAXATION

- Preparation and filing of the income tax return, TDS returns, etc.- Advising the divisions about tax implications of their various new business

transactions.- Ensuring correct deduction of TDS and issue of TDS certificates on time.- Obtaining tax clearance certificates, NOC's etc. for various purposes.- Ensuring timely completion of all assessments and providing all data for

appeals to CIT, Tribunal. Attending the hearings along with consultants for various disputed tax matters.

- Advice to business heads on implications of Sales tax rules. Handling of sales tax returns and assessments.

- Detailed preparation and study of the implications of the VAT law to be introduced since 1.4.2003.

- Managing the Excise portfolio with responsibility for supervising monthly returns, replies to show cause notices and handling excise audits, liasoning, etc.

e.) INSURANCE & RISK MANAGEMENT

- Ensuring that all tangible assets of the Company are adequately covered against various perils.

- Submission of periodical declarations, statements and information to the insurance company.

- Ensuring that maximum possible discounts are obtained from insurance company to minimize the cost of insurance without compromising on the scope of coverage.

- Follow-up with the insurance company for getting all refunds / claims on timely basis.

f.) COMPANY SECRETARIAL MATTERS

- Compliance with Companies Act and other applicable regulations.- Preparation of agenda for Board Meeting.- Maintaining secretarial records for the company.- Submission of returns to ROC and other authorities.- Attending Board Meeting & preparation of minutes thereof.

g.) ERP EXPOSURE

- Working in MFG/Pro on Unix, Progress platform- Assist in development of inventory valuation module- Assist in development of Excise, TDS and Sales tax modules- Assist in development of project management software- Developing MIS reports from the report writer module- Assist in Costing module restructuring- Fixed Assets accounting package modification to suit accounting needs and

MIS reports.- Assist in creating several custom reports for accessing voluminous data and

structuring them into required formats- Involved in the process study and probable implementation of the PRM

Module for efficient Project Accounting and Data Management & Analysis offered by same ERP provider.

- Understanding the Business Intelligence Tools offered by Hyperion (viz. Ess Base) for creating value added and simple reports and analyses for top management review.

4. Wockhardt Limited/ Merind Limited Assistant Manager- Finance (April1996 till Jan 2000)

The company is a leader in Indian pharmaceutical and health care segment.

Work Areas:

- Payables monitoring and Cash Planning- Banking and Finance responsibilities- Direct Taxation- Insurance Cover monitoring- Preparation and audit of books of accounts - ERP systems set up

5. A.F.Ferguson & Co., Chartered Accountant Firm (April1994 till March 1996)

Work Areas:

- Specific responsibility of handling Direct Tax matters of clients such as- Advising clients on preparation of return of income.- Advance tax calculations and payments on due date.- Attending the assessment proceedings on their behalf.- Filing appeals to the higher authorities on matters of dispute, which have been

disallowed by the ITO.- Advising MNC and foreign companies on the provisions of DTA agreements

between India and other countries and the tax liabilities under these.- Filing of TDS annual returns, income tax returns on time.

6. B.K. Khare & Co., Chartered Accountant Firm (June 1990 till March 1994)

Articleship experience with the firm of CA during the periodicity of the Chartered Accountancy professional course.

Professional & Scholastic Qualifications

Examination Institute/University Year of PassingPercentage

C.A. I C A I 1993 54.63%C.S. I C S I 1999 51.00%

Chartered Secretary ICSA UK 2005 60%B.Com. Mumbai University 1990 68.50%H.S.C. Mumbai Board 1987 81.00%S.S.C Pune Board 1985 84.14%

Computer Knowledge

Hands on expertiseUse of ERP packages such as MFG/Pro, ACCPAC, JDE , Oracle R12Lotus Notes, MS Outlook used for communication.Hands on experience of working with MS-Word,Excel & Power point ApplicationsStudied for CISA exam

Other Information

Date of Birth 19-April-1970Languages known English, Marathi and Hindi, French( written)

Interests

- Reading books on efficient management principles, creativity, fiction and humor and world travel.

- Playing cricket, badminton - Listening to music.- Reading about interesting places around the world and planning for travel to

these places- Learn new foreign languages

References

1. Mr. Ketan Dalal 2. Mr. Anshuman Gupta

Regional Managing Partner PricewaterhouseCoopers India Mumbai Tel : 98200 39516

Executive DirectorJ P MORGAN Bank CoatingsMumbaiTel: 96191 44620