Subash Chandra Das

Seasoned Board-level Finance Executive and Fellow Cost &

• Management Accountant (FCMA) and alumnus of the Indian Institute of Management (IIM Ranchi) with over 27 years of leadership experience in Finance and Corporate management across the Steel, Mining, Aluminium, Chemical Fertilizer and Manufacturing sectors in leading Central Public Sector Enterprises viz. SAIL, NALCO and BVFCL. Extensive expertise in Corporate Finance, Financial Planning &

• Analysis, Budgeting &

• Financial control, Financial Reporting, Taxation, Corporate Governance, Treasury, Funding, Risk Management, Investment Appraisal &

• Project Finance, CAPEX and OPEX monitoring, and Enterprise Performance Management. Served as Director (Finance) and Board Member of Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), a Government of India Enterprise under the Department of Fertilizers, Ministry of Chemicals &

• Fertilizers, which is the sole urea manufacturing CPSE serving India's North-Eastern Region. Recognized for leading organizational turnaround, revenue diversification and profitability improvement through strategic business initiatives, disciplined financial stewardship, high-value commercial negotiations, governance reforms and team oriented leadership.

Director (Finance) & Board Member - Brahmaputra Valley Fertilizer Corporation Limited (BVFCL) - Assam, India

(2020-12 - 2025-12)

A Government of India Enterprise under the Department of Fertilizers, Ministry of Chemicals & Fertilizers and the only Urea Manufacturing CPSE in North-Eastern India. Led the Finance & Accounts division of the company as Functional Director on the Board.

Directed Corporate

Finance, Financial planning & Analysis, Budgeting and Forecasting, Working capital management, monitoring Annual Business Plan and driving business performance; ensured timely Financial Reporting, Tax Compliance and Regulatory Adherence; Audit management and Corporate governance compliances.

Managed

Treasury, Fund Management & Risk Management operations. Oversaw FICC Operation, Costing & MIS, implementation of financial control, managing credit and receivable operation of trading business. Participated in negotiations and finalization of various contracts, formulated and managed various SOPs with an objective of financial control of various projects; collaborated with cross functional teams and worked closely with Production, MM & Marketing.

Managed Board

Matters, Finance Transformation and Governance. Engaged regularly with Government Ministries, regulators, auditors and financial institutions.

Secured

Governmen

• Spearheaded BVFCL's financial turnaround, delivering growth in operating revenue and profitability through business diversification, fertilizer trading expansion and operational optimization.
• Secured and executed the Department of Fertilizers' Imported Bulk Urea Handling & Marketing at Paradip (PICT) Port, creating a significant new revenue stream and expanding the dealership network across 13 states.
• Successfully concluded long-pending negotiations on Gas Transportation Charges with Assam Gas Company Limited, resulting in direct financial benefits exceeding ₹100 Crore, including savings of approximately ₹52 crore and acceptance of claims amounting to ₹57 Crore through Government AMRCD dispute resolution mechanisms.
• Obtained regulatory exemption for Renewable Purchase Obligation (RPO) liabilities from Assam Electricity Regulatory Commission, Assam, resulting in financial savings of approximately ₹10 crore.
• Facilitated early utilization of ₹100 crore Grant in Aid Fund received from Govt of India.
• Achieved four consecutive years of Nil C&AG Audit Comments on Annual Financial Statements, reflecting robust financial governance and compliance standards.
• Led modernization of governance systems through implementation of a new Integrated Procurement Manual fully aligned with generic procurement manual issued by PPD division of Dept. of Expenditure, Finalization & adoption of revised Delegation of Powers, various digital finance initiatives, implementation of e-Office Systems, VAN Dealer Collection Platforms, Vendor Bill Tracking System, Online Estate collection, implementation & stabilization of Tally Prime Accounting Software and steps taken for
• Strengthened financial flexibility through arrangement of fund based and non fund-based banking facilities while supporting strategic expansion projects including fertilizer and biofertilizer capacity enhancement.
• Ensured effective implementation of flagship Government initiatives including PM-PRANAM, PMKSK and Namo Drone Didi programmes through coordinated organizational support, stakeholder engagement and monitoring of dealers/retailers & farmer outreach activities.

Deputy General Manager (Finance) in Corporate Office - National Aluminium Company Limited (NALCO) - Corporate Office, India

(2017-12 - 2020-12)

Navratna CPSE – Integrated Aluminium & Mining Company. Served as Finance Head for Green Energy Projects, Business Development, R&D Cell, EPF and Gratuity Trust and CSR Trust of NALCO. Directed investment of Superannuation Benefit Funds and co-ordinated NPS operations.

Oversaw

Accounting, Audit, Regulatory Compliance and Establishment Matters.

• Managed superannuation benefit funds exceeding ₹3,500 crore, optimizing risk-adjusted investment returns, liquidity and fund performance while ensuring regulatory compliance.
• Directed financial oversight of NALCO's Green Energy Projects, comprising five Wind Power Plants across different states and Roof Top Solar Power Installation, project evaluation and capital investment monitoring of RE projects, power purchase agreement with state DISCOMs, sales revenue recognition, regulatory compliance, providing financial concurrence for various Business Development Initiatives, Research & Development Programmes of NALCO.
• Served as Treasurer of NALCO CSR Foundation and Senior Executive Officer for NALCO Employees Provident Fund Trust, Gratuity Trust and NPS operations.

Junior Manager to Senior Manager (Finance & Accounts) - Steel Authority of India Limited (SAIL) – Rourkela Steel Plant - Rourkela, Odisha

(2001-06 - 2017-12)

Maharatna CPSE and India's largest state owned steel producer. Progressed through leadership roles from Junior Manager to Senior Manager during a distinguished 17-year tenure at SAIL-Rourkela Steel Plant, building comprehensive experience across commercial and procurement matters, import operations of SAIL-RSP, suppliers payment & accounting, monitoring inland & foreign LCs & CPBG, indirect taxation, finalization of plant level accounts, audit management, investment of employee superannuation benefit fund and financial governance, thereby developing a strong foundation in large-scale industrial finance and business operations.

• Contributed to implementation of SAP ECC 6.0 ERP solutions (FI module), Ind-AS Financial Reporting Framework, GST transition and modernization of finance processes.
• Supported ISO 9000 Certification of Finance Department and strengthened governance, financial controls and operational efficiency.
• Managed investment operations of Employee Superannuation Benefit Funds with corpus size of more than ₹3,000 crore and contributed to improved risk-adjusted returns, liquidity and fund governance and regulatory compliance.

Accounts Officer - B.P.

Packagings

Pvt. Ltd.

• Shikohabad, U.P.

(1999-06 - 2001-03)

Built strong foundational experience in financial accounting, taxation, audit, commercial operations and corporate compliance.

Executive PGDM - Finance - Indian Institute of Management (IIM), Ranchi (2013)

ICWA - Cost Accountancy - Institute of Cost Accountants of India (1998)

B.Com - Commerce - Utkal University (1990)