Ip Sundaresh

Currently as Group CFO of BDO in India and as partner at BDO in India. Having 28 years experience in Accounting, Business Advisory and in Managing Board related matters, Investors, Financial Reviews & Audits, Fund raising, Regulatory authorities, investigative agencies, private Equity partners, Mergers & Acquisitions, Delisting, IPO Preparation, Turnaround, insolvency, Business & debt restructuring, Process advisory, Valuations and Due Diligence, Multi-business corporate Controllership, Global transfer pricing & risk management - (Forex, Insurance, TP) Treasury and Forex management to meet stakeholders' expectations. Currently with BDO India since 2016.

Extensive connections / Interaction in major financial institutions, funds, investment bankers, ARC’s, big 4’s and leading lawyers of the country. Exposure as CFO for South east and ANZ regions. IFRS and German Gaap Accounting and reporting, Onsite implementation of SAP & SAP B1 and BPR in South Africa, UK, Ireland, Spain, Austria, Czech republic, Romania, Estonia, Greece, Australia, New Zealand, Indonesia, China and India.

Extensive

Global interaction and project management across geographies and time zones.

Group CFO - India; Partner Insolvency and Bankruptcy, managed services; Registered Insolvency professional at BDO India (2016-10 – Present)

Group CFO - BDO in INDIA – Feb 2026.

Partner

Insolvency and Bankruptcy, managed services – Oct 2016 to Jan 2026 at BDO India.

• Currently handling the entire Finance function for the group, with 14 entities and all the processes, fund raise and Leadership reporting and financial strategy.
• Set up & Started stress asset Practice at BDO India in 2016. Also, a Registered Insolvency professional.
• Managed more than 40 insolvency and bankruptcy cases in India including, top 3 of the dirty dozen cases initiated by banks - Bhushan steel, ABG shipyard, Jyoti structures amounting to USD 21 bn +.
• Personally Handled complex stressed asset resolutions with multiple stakeholder (PSB, funds, FCCB holders, trusts, foreign banks and investors) worth USD 12 bn in a span of 8 years and successfully resolved Marquee cases - sterling biotech (deal size – Rs.700 crs), JBF petrochemicals (resolved and Deal size Rs 2100 crs), ABG shipyard (resolved in liquidation – deal size Rs. 1250 crs – 98% of assets sold), EMCO ltd (resolved as a going concern under liquidation Deal size Rs. 170 crs). Brought back a company from NCLT under sec. 12A (Rs 1200 crs), also structured the debt Via ARC route.
• This involved extensive interaction with the Investors, large business houses, investors who were keen to invest in complex and uncertain situations. Handled effectively legal situation with interaction with leading advocates and solicitors, counsels in India.
• Process advisory to Investors in multiple asset purchase transactions (Aviation / Pharma/ hospital / EPC/ Petrochem)
• Managing / managed very large complex companies end to end Special monitoring on behalf of financial institutions. This includes one of the India's largest Infra company, a telecom company with various types of assets, a pharma company, one of the largest IMFL manufacturing company international airport, one of the India's largest NBFC, and the largest Thermal power company in India on recommendation basis by leading banks in India.
• With the above practical experiences, I have gained complete CEO expertise in managing companies.

Group CFO / Finance director at Allana group (2015-08 – 2016-09)

• As finance director, Lastly Headed finance function of RS 25000 crs Turnover business in 6 verticals. Managed multiple businesses and multi locations with a team of 160+ Finance personnel. Fund raise of about Rs 2000 crs.
• At Allana, was responsible to streamline a project acquired in Ethiopia, Africa and was travelling extensively to Ethiopia. Set up proper accounting processes and reporting structures and also completed investment of about USD300 Mn in Ethiopia for completion of a major project in Ethiopia.

CFO – India and APAC at Micro Inks Ltd - Vapi (Hubergroup - Germany) (2004-01 – 2012-11)

• As CFO at Hubergroup, reported to MD and board, also reported into Overseas HQ at Germany for 8 years. Was Responsible for the entire finance and treasury function in all companies where turnover ranged from Rs 500 crs to 2500 crs, Across geographies especially Europe (Germany and APAC, AU and ANZ), involved extensive financial planning and analysis, M&A transfer pricing issues and managing operation in diverse conditions.
• At Hubergroup As CFO, I was Responsible for the entire Board management, corporate strategies & M&A, Financial Reviews & Audits. Compliances, fund raise, Treasury and Forex, Multi-business corporate Controllership, IFRS and German Gaap Accounting and reporting for India, Indonesia and ANZ region.

Handled

Rights issue and Delisting and listing. Fund raise of about 1500 crs. Made the company debt free finally.

• Onsite implementation of SAP & SAP B1 and BPR in South Africa, UK, Ireland, Spain, Austria, Czech republic, Romania, Estonia, Greece, Australia, New Zealand, Indonesia, China and India.

Extensive

Global interaction and project management across geographies and time zones.

• At Hubergroup, I was responsible for the post acquisition integration with Germany of the company, (deal size Rs 3600 crs), with plants at 6 locations. I completely cleaned up the books, integrated systems and set up reporting systems and was also responsible for changing the organization structures to large extent. I was also made the global Sap project head and implemented SAP and did BPR in 17 countries onsite.

CFO India / APAC at VVF India LTD (2013-07 – 2016-09)

• As CFO, Streamlined entire finance processes and got the company into profitability by controlling cost and capex. Reduced debt by Rs 350 crs. And also Resolved a major Custom duty litigation of Rs 440 crs with the authorities in Gujarat. Conducted end to end sale process, including valuation, across the globe to sell investor and promoter equity twice.
• Handled many consortium of lenders and private equity during my tenure in the industry and consultancy. Raised funds about Rs 4000 crs+
• Handled Global transfer pricing & complete risk management - (TP, Forex, Insurance). There was no forex fluctuation loss during my tenor.
• At VVF, was responsible to set right the Indonesian operations at Medan. Completed the entire investments at Indonesia and started the plant operations successfully. Set up the accounting software and reporting systems (finance and ops).

CFO at Wanbury Ltd (2012-12 – 2013-06)

• Successfully handled and Completed post acquisition integration with hubergroup (deal size Rs 300 crs), IPCL acquisition by GE, Gurdian international systems integration at Gujarat guardian, post acquisition integration at UCPL between fedders and Voltas.
• Set up Ethiopian subsidiary of Rs 300 Mn USD with funding, managed Ethiopian central bank procedures. Closed a Spanish subsidiary during my pharma stint, established plant in Indonesia and set up the financial processes also (USD 50 Mn).

Various roles as Financial controller; UCPL ltd (Voltas) - CFO; General electric - FC; Gujarat guardian - FC; Coats viyella - FC at UCPL ltd (Voltas); General electric; Gujarat guardian; Coats viyella (1996 – 2003)

• Responsible for the financial planning and analysis, entire Financial Reviews & Statutory Audits, tax audits and tax Returns, Month end closing, consolidation and site working capital management and reporting to headquarters. Extensive interaction and project management across Regions.
• At UCPL, was responsible for post deal integration of Voltas and Fedders JV, for the AC manufacturing company at Silvassa. Successfully streamlined and aligned the reporting, operational needs to fedders USA formats and requirements.

Chartered Accountant (CA)

Bachelor of commerce (BCom)