
MADHUSUDHAN
Operations Head / CFO-on-Deputation
Male47 y/oFinancial Manager/SupervisorLive in IndiaNationality India
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Work experience
Operations Head / CFO-on-Deputation
R.Rajagopal & Co., Chartered Accountants
2007.03-Current(18 years)
R.Rajagopal & Co., is a Boutique Management Consulting and Professional Firm of Chartered Accountants in Practice since 1969. They have their client base from various Industry Verticals in India and Overseas for whom various functions are performed including, but not limited to, Financial and Statutory Audits, Internal Audits, Book-Keeping, Statutory & Tax Compliances, Preparation of Feasibility Reports for Project Finance, Syndication of Loans and the like. Their boutique management consulting division is also engaged in deputation of capable finance professionals, as Employer on Record,(EOR) to their overseas clientele as Chief Finance Officer / Senior Finance Manager.
· Have served as CFO / FM and was on overseas deputation for the under-mentioned entities during my association with the firm :
group head - finance
Elektro Genesis Middle East LLC
2024.03-2025.02(a year)
Elektro Genesis is into Imports and Exports of Medical Equipment with operations spread across the West and East African Continent through their Group Entities in Ghana, Liberia, Uganda, Kenya and Zambia, with Trading and Controlling Entities in Dubai, UAE
· Over-all Monitoring and Control over Mid-East and African Group entities' Finances and Group-level Consolidation of Accounting
· Analysed, Reviewed and Set-up of robust Internal Controls for East & West African Operations to control and plug systemic frauds
· Established SOPs for Sales, Marketing and Supply Chain to increase Opex efficiency and stringent control of delinquent A/Rs
Chief Finance Officer
Ruishi Group
2022.08-2024.02(2 years)
Ruishi Group is a Hong Kong based Manufacturer and Exporter of Apparels. Ruishi Far East Limited, is engaged in Export of Apparel to Europe to such major brands as NewYorker, LPP of Poland, Inditex S.A., of Spain to name a few. It has contract manufacturing capacities in Cambodia, Myanmar and Madagascar. Ruishi Holdings Limited is the Investment Arm with Interests in Real Estate in Hong Kong. Partnered with executive leadership to lead annual operating and capital budgeting plans with direct reporting to Group CEO. Lead Finance Team of 15, with 5 direct reports, spanning accounting, finance, annual audits and, tax functions. Oversaw strategic initiatives that achieved EBIDTA growth of 0.35% + till date, ensuring all financial frameworks are aligned with Group’s overall mission and corporate strategy.
· Spearheaded Migration to in-house Accounting Function from Outsourced Model and Implementation of Cloud-based ERP with Customizations for Apparels and Parallel Accounting for Tax Reporting in Tally Prime
· Renegotiated Credit Limits Structuring and obtained preferential Pricing on Export & Import Limits which resulted in a positive impact on Nett Operating Margins to the tune of 0.10%
· Improved Cash Flow and Working Capital Management processes; raised debt and financing as needed
· Managed financing and control of Opex for contracted production operations spanning Mainland China, Cambodia, Myanmar & Madagascar
Renegotiated Vendor Payment Terms resulting in indirect cost savings to the tune of 0.07%
Finance Head
Mandela Millers Ltd.
2021.04-2021.11(8 months)
Mandela Millers Ltd., is one of the largest Grain Milling Units in East Africa with a Milling Capacity of 324 Mt/Day and a capacity expansion program to 774 Mt/Day and diversification to Cattle & Aqua Feeds with a subsidiary Company Cranes Africa Trucking Ltd., which has a Fleet strength of 96 Multi Axle Mercedes Benz Actros Long Haul Trailer Trucks for transporting Import Wheat consignments from Mombasa, Kenya to the Factory. Mandela Millers’ is a part of The Mandela Group of Companies Ltd., of Uganda with diverse interests in Automotive Spares, Tyre Distribution, Aggregates Manufacturing and Chain Service Restaurants, and its products are marketed under the Brand “Supreme” .
Reported to Group CFO with Dotted Line to Finance Director and Group Tax Head.
· Controlled Capex for expansion and diversification Project and Control of Total Project Cost Variance within budgeted levels
· Implemented Systematic Product Costing System to review and keep at check the Input Costs and pass on the effects of inflationary pressures on Grain Prices to end products by revision to Retail Sale Prices
· Arranged Import LCs for Bulk Wheat Imports from Russia, Ukraine, Argentina, Australia and the United States(under CRS Food for Peace Program) and for Capital Equipment for Project Imports
· Prepared Duty Draw Back Claims and liaised with URA for expediting of Drawback Claims and Import VAT refunds
· Oversight of VAT, PAYE, NSSF, WHT, AEO and Corp. Tax Filings, Cash Flow Management & Reporting, Internal MIS Reporting, Control over Import & Export Documentation, Duty Paid & Bonded Stock Accounting, Approval and Payment of LPO & FPO, AR Ageing and follow-up of Past Due Items, Credit Hold/Release Authorization
· Handled URA Audits (Customs, VAT and Corporate Tax), external audit (PKF) with minimal observations / corrections
Finance Head
cafe javas ltd.
2021.04-2021.11(8 months)
Spearheaded Finance functions of Café Javas Ltd., a Chain of full service, quick & Casual restaurant with 12 Outlets in Uganda and 3 in Kenya, forming part of the Mandela Group of Companies Ltd.
· Maintained Cost leadership by identifying and minimizing controllable Costs
· Had Oversight of Food Products & Kitchen Equipment Imports, Documentation and Claiming of VAT Refund on Imports
· Ensured Vendor Payments on due dates, Daily POS Reconciliation and Reporting of branch-wise Sales
· Daily Reconciliation of MoMo & Credit/Debit Card Sales and Monthly MIS Reporting for the Chain as a whole
Senior Finance Manager
PT Classic ExportIndo Jaya
2018.05-2020.02(2 years)
PT Classic ExportIndo Jaya is an Import and Export Company specializing in FMCG having direct accounts with Unilever, P&G, R&B, PZ Cussons and Colgate-Palmolive Ltd., and several other leading brands, with group companies in Singapore and Ras-Al-Khaima Free Zone, forming part of the KNS Group, an Indonesian conglomerate with interests in Mining, Real Estate, Banking, Entertainment, Textiles, Exim, Hotels and Co-working Space with business units and offices in Indonesia, Singapore, Nigeria, UAE, UK & India. Reported to SBU CEO, Group CFO with dotted line to Group General Director & President
· Managed a Team of 12 Direct Reports and Oversaw Reporting & Compliance for Indonesian & UAE VAT, Singapore GST, WHT & Corp. Income-tax for Indonesia & Singapore, Preparation & follow-up of AOP with Variance analysis
· Closed Period & Year-end GL Closing Cycle in Acumatica® Cloud ERP, AR & Inventory Ageing analysis, control & monitoring, Minimized positive corrections during VAT Refund and CIT Audits and tax gaps/exposure on TPR,
· Obtained best-in-class Pricing (Spot minus 5 basis points) for Forex Spot OTC Contracts from DBS Indonesia
· Obtained preferential pricing on Trade Products from Emirates NBD, Mashreq & RAK Bank
Head of Operations & Finance
Focus Translogistics (P) Ltd.
2001.10-2006.12(5 years)
A Logistics Company with a Fleet of Heavy Vehicles
Educational experience
PE-II, The Institute of Chartered Accountants of India, New Delhi
Accountancy & Tax
2001.05-2003.05(2 years)
Chartered Accountant
Bharathiar University, Coimbatore
Bachelor of Commerce (B.Com)
1995.04-1998.04(3 years)
B.Com
Languages
Hindi
Proficient
English
Native
Chinese (Mandarin)
Do not know
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