Nimesh Joshi
Deputy CFO | Finance Controller | CMA | FP&A | Strategic Finance | P&L Management
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About
Senior Finance Leader with 30 years of progressive experience in Financial Planning & Analysis (FP&A), P&L Management, Cost Accounting, and Strategic Finance across India and East Africa. Proven track record managing Rs. 1,200 Crore turnover operations, leading teams of 109+ finance professionals, and delivering measurable cost savings from Day 1. Deep expertise in automobile dealerships and manufacturing industries.
CMA-qualified with international exposure across Ghana, Tanzania, and Kenya. Immediate joiner available for senior finance leadership roles.
Experience
Finance Consultant (Freelance) at Sancheti Hospital, Pune; Anant Toyota -- Shaw Motors – Tata Commercial Dealerships (Mumbai/Pune) (2024-01 – Present)
Providing interim finance leadership and internal audit services to automobile dealerships and healthcare clients
- Conducting process reviews, MIS design, and statutory compliance advisory
Deputy CFO at Sai Service Pvt Ltd (2022-11 – 2024-11)
Multi-brand automobile dealership group
- Led Finance & Accounts function for one of Maharashtra's largest automobile dealership groups
- Oversaw financial reporting, working capital management, banking relationships, and statutory compliance
- Implemented process improvements reducing monthly close cycle time and improving reporting accuracy
- Managed GST filings, tax audits, and liaised with SBI, ICICI, HDFC, and Yes Bank for credit facilities
Vice President – Finance & Accounts at Chowgule Industries Pvt Ltd (2008-02 – 2022-03)
Maruti/Swaraj Mazda & Eicher/MAN automobile dealership and construction business | 60 locations across Maharashtra & Goa | Turnover: Rs. 1,200 Crore
- Led Finance & Accounts function across 60 locations, managing a team of 109 accounts professionals
- Drove elimination of Rs. 125 Crore bank finance — made all company properties mortgage/collateral-free and removed corporate and personal director guarantees
- Achieved VAT savings of Rs. 15 Lakh per month through strategic structuring of customer discounts
- Delivered 15 consecutive years of 31st March accounts finalized and audited, signoff by 30th April (Deloitte & CNK)
- Represented the company in land acquisition and lease negotiations across multiple locations
- Managed banking relationships with SBI, ICICI, HDFC, Yes Bank, Federal Bank, IDBI, HSBC, and ABN Amro
Finance Manager at Primefuels (T) Ltd (2004-12 – 2008-01)
Fuel transport network – Rail & Road operations across East Africa
- Managed full Finance & Accounts function including monthly management accounts and cash flow reporting
- Prepared truck-wise profitability reports, cash flow statements, and pricing/tender submissions
- Controlled supplier payments, inventory and cost analysis for multi-country operations
Department Head – Finance & Accounts at M-Tech Industries (2001-03 – 2004-12)
Plastic mould manufacturer supplying Nilkamal Plastics, Electrolux, TVS, Telco | Turnover: Rs. 5 Crore
- Managed accounts through finalization; handled Excise (RT-12, TR-6), Modvat, Sales Tax, and Service Tax returns
- Represented company at Income Tax, Sales Tax, and Excise department hearings independently
Financial Controller at TOP Industries Ltd (1999-09 – 2001-02)
Plastic products manufacturer (chairs, buckets, water tanks, PVC items) | 400+ employees | Turnover: Rs. 30 Crore
- Full charge of Finance & Accounts for a multi-shift manufacturing operation with 400+ workers
- Managed LC openings, IDF approvals, VAT returns, IRS returns and statutory compliance
- Led computerisation of accounts from manual systems to Tally — reduced reporting lag significantly
Assistant Manager – Finance at KEC International Ltd (RPG Enterprise) (1996-04 – 1999-08)
Power Transmission Tower manufacturer | Overseas projects: Middle East, Africa, Brazil | Turnover: Rs. 1,000 Crore
- Compiled and analysed MIS profitability reports for overseas projects, reporting variance with reasons to management
- Prepared monthly budgets and tower costing for all international projects; managed export documentation and LC negotiations (including third-party and back-to-back LCs)
Accounts Officer at Dalal Consultants & Engineers Pvt Ltd (1993-08 – 1996-03)
Civil & industrial project design and construction consultancy | Turnover: Rs. 30 Crore
Education
CMA / AICWA in Cost & Management Accountant – Institute of Cost Accountants of India (1995-12)
B.Com in Commerce – Narsee Monjee (N.M.) College, Mumbai University (1993-04)
Diploma in Tax Management – Wellingkar's Institute of Management, Mumbai
CA Entrance – Passed (First Attempt) in Chartered Accountancy – ICAI (1990-11)