CFO Finance - Bangalore Group (VSMF Group, Royal Durga Logistics Pvt Ltd) - Bangalore
(2024-11)
- Develop and execute the financial strategy to support growth in school transport and cab services.
- Provide financial insights and recommendations to the CEO and board of directors.
- Align financial goals with operational, safety, and service delivery priorities
- Create detailed annual budgets for different revenue streams (school contracts, daily hires, corporate clients).
- Forecast income and expenses based on route planning, school schedules, and cab demand.
- Design pricing models for school contracts, cab bookings, and long-term hiring deals.
- Monitor and control key cost areas: fuel, driver wages, maintenance, insurance, tolls.
- Implement route optimization and preventive maintenance strategies to reduce expenses
- Track vehicle utilization, idle time, and service downtime to improve efficiency
- Ensure consistent cash flow to cover fuel, driver salaries, vehicle servicing, and insurance.
- Manage receivables from schools, corporates, and government clients.
- Maintain adequate liquidity for fleet repairs, tax payments, and emergencies.
- Prepare monthly and annual financial statements in accordance with accounting standards.
- Ensure compliance with tax laws, transport regulations, insurance, and licensing requirements.
- Coordinate with auditors and prepare for internal and external audits.
- Lead finance and accounting staff (bookkeepers, billing team, analysts).
- Collaborate with operations, HR, and fleet teams to align financial goals with day-to-day execution.
- Promote a culture of accountability, transparency, and cost awareness across the organization.
- Mitigate financial risks, including fuel price volatility and credit defaults.
- Ensure the business is properly insured (fleet, liability, passenger safety).
- Develop contingency financial plans for emergencies (accidents, breakdowns, strikes).
- Review school transport contracts to ensure financial viability and proper billing terms.
- Negotiate favourable terms with vendors (fuel, parts, vehicle servicing).
- Oversee invoicing and ensure timely collections.
Manager – Finance - STUTI Enterprise Group - Bangalore
(2019-06 - 2024-11)
Overall supervision of accounts.
- Responsible for preparation of budgets and forecasts on annual, quarterly, and monthly basis and monitoring the same.
- Creating operational and tactical business plans with detailed action plans, delegating responsibilities, and timelines for achieving the strategic goals.
- Responsible for closing of Monthly, Quarterly, Half-yearly & Annual Account
- Handling taxation activities of sites such as Service Tax, VAT
- Reviewing regional and local programs, ensuring all details have been taken and updated properly into master trackers.
- Performing booking of journals for month end close, and quarter end close and reporting variance, if any.
- Preparing MIS Report, annual budgeting and other monthly reports.
- Supervising in maintenance of Statutory records like TDS salary and TDS Contract, Rent, Professional charges, Brokerage & Commission, Advertisement etc.
Manager – Finance & Audit - M/s Sindhu Cargo Services Pvt Ltd.
(2010-01 - 2019-06)
Freight forwarding and customs Agent
- Overall in-charge of Finance, Accounts Audit, Credit Control
- GST Reconciliation, GSTR1 GSTR3b o/s amt review and making payment
- TDS Reconciliation with Customer books and collecting refund from Dept
- Overdue o/s amt following with Customers, Team member as per time line
- Arranging statutory fund to HR team
- Receiving collections projections from branches As per terms Daily, Weekly, Monthly expected collections projection preparation
- Preparation of CMA Reports as per bank documentation
- Collecting of Various MIS reports of Branches of cash certificate, bank certificate, customer balance confirmation, Vendor closing balance report
- structure and daily\weekly \Monthly reports to update management on daily Weekly monthly reports
- Preparation of monthly indirect expense reports and P & L Reports
- Assisting to preparation of Annual Reports to Company Secretary and CFO
- Preparation of Budgets and monitoring of Budgetary controls
- Interacting and reporting to CFO, CMO, CEO and Board of directors on financial performances and preparation and submission of business plans
- Arranging deficit funds to Branches
- Monthly Ledger Scrutiny
- Verification of Debtors and Creditors Reconciliation
- Various branches Airlines Current a/c Reconciliation
- Have a good knowledge of IT Systems with Implementation of oracle ERP, EMS, Navision Finance module and integration of finance module with store module being involved in project in the capacity as Business Analyst.
- Presenting monthly Audit reports at dash board meeting
Sr. Accountant - M/s UNITED RESTAURANTS Ltd. - Bangalore
(2008-06 - 2009-12)
Pizza service Center
- Preparation of Monthly Corporate P & L A/c
- Preparation of Fund inflow and outflow statements
- Preparation of Bank reconciliation statements
- Verifying Corporate salary statement
- preparation of MIS REPORTS (Royalty collection statements
- Co-ordinating with Bank relationship manager and passing message to dept head, submitting relevant loan documents to concerned bank branch depts..
- Preparation of Suppliers reconciliation statements
- Raising Royalty collection invoice to Franchises
- Aig wise Debtors and creditors statements
- In charge of project accounting, Preparation of Project Audit reports
- Collecting project BOQ and releasing fund as per BOQ
Accounts and Finance Executive - Inspiration Clothes & U - Bangalore
(2006-02 - 2008-03)
Textile Industries. Inspiration Clothes & U is one of leading Garment Manufactures is run by celebrities like Jagamohan Dalmiya and Betty Mahindra. It is world largest fashion studio our clients include S.Oliver, C & A Toddlers, C & A Mens, BRAZIL, C & A Canda, C & A Communion
- Incharge of the Purchase Accounting of Fabric, Trims (All Import, Local and Interstate)
- Verification of Purchase Bill and Preparation of Manual Voucher
- Passing the bill of Dyeing, Printing, Screen development charges and Sampling
- Reconciliation of the supplier A/c Statement as when required by the Management
- Verifying and passing the trims bills for cash payment
- Preparation of Debit note, Credit note and Journal Vouchers relating to Purchase Accounting
- Preparation of Cheques to the suppliers
- Sending fund flow statement to the head office and request the fund
- Computation and preparing Daily TDS Chalan voucher to contractors Job Workers/ Professional as per slab and making the payment
- Verification of ESI, PF, and PT as per slab
- Collection of Export Sales Invoice details Showing the monthly sales tax return to commercial VAT department
- Verification of detail of the shipment advise of the company
- Verification of the Bill of clearing agent/ Courier Service/ Logistics service and passing the bill for the same
- Verification of the Export and Import document with reference to the payment made for the courier service/ clearing agent / Logistic Service / preparing DBK voucher with reference to the Exim policy of the company Preparing M I S reports and sending to Head office
- Verification of the Payroll Statement
- Preparation of the cash book day to day in excel format
- Verification of Transportation / Home keeping and staff welfare bill and passing the same
- Preparation of purchase voucher/ Journal voucher other expenses vouchers relating to AMA Global Register and Rustic Weaves Register
- Coordinating with the auditing for filing and finalisation of accounting of AMA Global
- Inter company reconciliation with ICU, & AMA Global Register and Rustic weaves Register
ACCOUNTs Cum Administrative Officer - M/s GANESHA OFFSET PRINTERS
(2003-02 - 2006-01)
Graphic Designers & Multi Colour Printers
- Preparation and updation of Financial statement and reports on daily, weekly and monthly basis as and when required by Management and prepare various financial reports required by them.
- Delegation of voucher entries and updation in system
- Monitoring bank and cash transaction of the company.
- Preparation of salary statement and filling monthly returns and annual returns with regard to PF and PT.
- Preparation of Debtors and Creditors agewise and closely followup.
- Follow up with customers with regarding to pending payment and receivable
- Verifying and passing bill for cash and Cheque payment
- Preparation of Bank Reconciliation Statement
- Co-ordination with the bank regularly for the O D, loan passing of cheques etc. Preparation of stock statements for submitting to the bank
- Maintenance of Company Loan Account and Calculation of Interest.
- Coordinating to the internal Auditors and also with Statutory Auditors at the time of Finalisation.
- In charge of e-mail management of company and verifying inward and outward mail, Taking backup of daily transaction from the system
- Updating and downloading of antivirus files regularly
- Calculation of sales tax payable and filing the return
- Calculation and preparation of Professional tax and filing the return
- Having Control over DTP works and computer Scanning, E-mail of the computer, Coordinating with purchase department and arranging the funds
- Agreement of stationery for office at the requirement time.
- Preparation of letter for placing orders and other office requirement purpose
- Raising purchase order regarding printing material
- follow up with customers with regard to pending payment and receivable
- Preparing reconciliation of the suppliers statement
- Interviewing & Appointing of Staff and workers
Senior Auditor - M/s BHUCHAR AND CHANDAK - Bangalore – 560 003
(1998-06 - 2000-06)
CHARTERED ACOUNTANTS
- Corporate Audit
- Bank Audit- statutory, Concurrent and Revenue
- Inspection and Inventory Audits, Internal Audit
- Audit of Proprietary and Partnership concerns, Obtaining Income Tax Clearance
- Management Audit, Preparation of finalisation of Accounts of Medium size companies
- Internal Audit of manufacturing concerns
- Assistance in preparation of Audit report
- Computation of Statement of Accounts
- Preparation of Returns of Income Tax Individual firms and companies
- Preparation of Sales Tax Returns
- Assist to boss in framing legal opinion
Senior Auditor - M/s NARASIMHA PRASAD & Co. - Bangalore -560 048
(2000-06 - 2003-01)
CHARTERED ACOUNTANTS
- Corporate Audit
- Bank Audit- statutory, Concurrent and Revenue
- Inspection and Inventory Audits, Internal Audit
- Audit of Proprietary and Partnership concerns, Obtaining Income Tax Clearance
- Management Audit, Preparation of finalisation of Accounts of Medium size companies
- Internal Audit of manufacturing concerns
- Assistance in preparation of Audit report
- Computation of Statement of Accounts
- Preparation of Returns of Income Tax Individual firms and companies
- Preparation of Sales Tax Returns
- Assist to boss in framing legal opinion
