CANDIDATE PROFILE

PREPARED FOR
Senior Vice President- Subsidiaries
Operations & new Business Acquisition

13th April 2023

This Candidate Profile & Assessment is the sole property of Sapphire Human Solutions Pvt Ltd and has been prepared exclusively for the client. No Part of it may
be circulated, quoted, or reproduced for distribution outside the client company without prior approval from Sapphire Human Solutions Pvt. Ltd.
 mentation

CAREER SUMMARY

of CO Module during
Company Designation Tenure

KIRAN MENON JSW Ispat Special

Products Limited
Chief Financial Officer
October 2019
- Present

Sep 2015 -
Mahindra Susten Finance Controller
Oct 2019
Chief Financial Officer
ESSAR Shipping Aug 2009 –
JSW Ispat Special Products Limited
Finance Controller
Aug 2015
Limited
Reliance
Jan 2003 –
Communications Deputy General Manager
July 2009
Limited

OTHER DETAILS EDUCATIONAL SUMMARY

Age | 51 years Education | M.com
1996
Total Experience | 25 years University | Pune University
Location | Mumbai | B. Com
Education
Current CTC | INR 95 Lakhs (Fixed- 76L,
Variable – 19L, ESOPS- 1992 University | Pune University
1,000 shares vesting after |
3 years) |
Expected CTC | 20% Hike
Official Notice Period | 3 Months
Can join in | 3 Months KEY SKILLS
ATTITUDE Strategic Thinking Project Management
« Takes Ownership « Collaborative Adaptability Deadline Orientation
« Positive « Open to Learn Stakeholder Mgt Conflict Resolution
« Self-Aware « Decisive Change Mgt Inter-Personal

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Strictly Private & Confidential

FAMILY DETAILS
CAREER HIGHLIGHTS
Married

JSW Ispat Special Products Chief Financial Officer Sept 2020 – Till date
Limited AVP Finance & Accounts Oct 2019 – Sept 2020
 Wife is a
homemaker.
 Daughter is in 1st
Year College  Kiran joined as an AVP Finance and was responsible for managing the entire financial
 Son is in 9th grade.
operations of the Company and its subsidiaries.
 In this role he is responsible for:
o Controllership of the company with revenue of INR 6000 crores
o Financial reporting
o Variance Analysis, Business Plans and MIS
o Managing working capital limits of over 1500 Cr. for the Company across various
banks.
o Creating the annual business plan by collaborating with the marketing and
operations teams, building a strategy, and presenting it to the Board.
 As a CFO he manages the below additional responsibilities
o Treasury
o Taxation
o F&A
o Reporting quarterly to the Board and Audit Committee
 He reports to the Group CFO and the entire finance team reports to him including the
Plant Finance.

Mahindra Susten Financial Controller Sep 2015 - Oct 2019

 Mahindra Susten is 100% subsidiary of Mahindra and Mahindra.

 Kiran was responsible for the financial statements of Mahindra Susten Private Limited
and its subsidiaries.
 Implemented controls based on the annual budgets and identified risks in the annual
business plan.
 Set up overseas operations and studied tax implications of different countries.
 Managed working capital and partnered with SBU head in discussions with prospective
clients.
 Implemented SAP including integration of all modules, building in system controls and
helped in developing different management reports.
 Managed working capital facilities of over INR 4000 Crores from more than 6 banks.

Strictly Private & Confidential

ESSAR Shipping Limited Finance Controller Aug 2009 – Aug 2015

 Joined as a Finance controller for Essar Services, a subsidiary of the shipping business
and later moved to Mauritius where he worked for 3 years.
 Built team from scratch for implementing IFRS for 300 subsidiaries.
 Ensured proper internal controls are in place in the shipping sector.
 Responsible for the financial statements of Essar Shipping Limited under IGAAP and
consolidated financial statements of shipping sector under IFRS.
 Prepared annual business plan and implemented controls based on the same.
 Responsible for group financial reporting of the shipping sector.
 Headed the team for Consolidation of Accounts of Essar Group under IFRS, responsible
for consolidation of accounts under IFRS of more than 240 entities.
 Implemented Hyperion tool for consolidation of accounts.
 Later the entire function moved to Mauritius which was the hub for managing foreign
entities.
 Managed Africa and UK subsidiaries as well.
 Reported to the Group controller.

Reliance Communications January 2003 – July 2009

Deputy General Manager
Limited

 Headed the Accounts team at their corporate office for preparation of accounts under
IGAAP.
 Responsible for financial reporting of the listed entity under IGAAP.
 Commercial Lead of their Goa Region responsible for financial reporting, inventory
management, and collections of Goa Region.
 Prepared budgets and implemented controls, reported financial numbers of the region,
and managed inventory and credit risk for the whole region.

Strictly Private & Confidential

ASSESSMENT
Kiran comes with 25 years of experience and has hands-on experience in managing end to end finance function
of an organization.
His promotion to CFO in JSW Ispat demonstrates a strong track record of success and trust from the company.
He carries domain expertise in managing and leading business finance, strategy, operations management,
planning, bottom-up and annual budgeting, taxation, bank funding, working capital management, accounting,
consolidation, reporting, audits, compliance, etc.

Kiran is also an expert in automation and has experience in implementing SAP, Hyperion and other ERP modules.
He has a strong team-building capability and is an effective communicator.

He comes across as a well-spoken and strategic finance leader and is strong in managing cross-border teams.
With a proven track record of consistence performance and growth, he seems to be a good fit for this role.

Strictly Private & Confidential

Strictly Private & Confidential
Strictly Private & Confidential
Strictly Private & Confidential
Strictly Private & Confidential
Name : KIRAN A. MENON

Age : 51 Years

Date of Birth : 20th May 1971

PROFESSIONAL QUALIFICATIONS

1. Chartered Accountant – 1998

2. Cost Accountant – 1992

ACADEMIC QUALIFICATIONS

1. M. Com. – Pune University – 1996

2. B. Com. – Pune University - 1992

AWARDS

1. A.K. BISWAS FOUNDATION GOLD MEDAL for securing the highest marks in “Qnt, MIS & DP” of
December 1992 and June 1993 ICWAI final examination.
2. MERIT HOLDER in ICWAI intermediate examination.
3. CERTIFICATE OF MERIT for standing first in college for the Bachelor of Commerce examination.
4. CERTIFICATE OF MERIT for securing the highest marks in “STATISTICS” in the Bachelor of Commerce
examination.

PROFILE
- Over 25 years of experience in accounting under IGAAP and IFRS in the manufacturing and service
sector.
- Extensive experience in financial reporting
- Excellent leader, an absolute hands-on manager, and outstanding ability in building good teams.
- Have worked in both ERP and non-ERP environments and have experience in implementation.
- Strong communicator with the ability to ensure execution of the time bound deliverables.

EXPERIENCE

1. Chief Financial Officer, JSW Ispat Special Products Limited, from September 29, 2022

JSW Ispat Special Products Limited is a listed company on both the Stock Exchanges, a Joint Venture of
JSW Steel Limited and Aion Capital, with over INR 5000 Cr as revenue.

Promoted to the role of CFO and in addition to the responsibilities of the earlier role,
 Responsible for managing the entire financial operations of the Company, by building
financial and operational strategies, and developing and monitoring the existing financial
system.
 Financial planning, and managing liquidity, to ensure it is appropriate and sustainable.
Review of daily, weekly and monthly cash flows.
 Costing and analysis, helping reduce costs, and improving margins.
 Implementation of technology, bringing in automation to assist in reporting.

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  Reporting quarterly to the Board and Audit Committee
 Team management including identifying skill requirements, developing and helping them
grow along with the Company.

2. Associate Vice President Finance & Accounts at JSW Ispat Special Products Limited from October
01st 2019

 Responsible for the entire reporting of the entity and its subsidiaries.
 Getting the quarterly and annual results audited.
 Responsible for the annual business plan, including discussing with the marketing team, and
operations team, building a strategy and presenting it to the Board.
 To implement controls based on the approved budgets understanding and analyzing variances.
 Handling Tax, Cost and Internal Audit including resolution of points raised.
 Interacting with the plants to ensure all policies and controls of JSW group are being followed
and adhered to.
 Consolidation of accounts of different plants and then financial consolidation with its
subsidiaries.
 Managing working capital limits of more than 1500 Cr. for the Company with various banks
 Ensuring timely and adequate insurance of all assets of the Company

3. Finance Controller at Mahindra Susten Private Limited September 01st 2015 – September 30th 2019

 Responsible for the financial statements of Mahindra Susten Private Limited and its 7
subsidiaries.
 Responsible for identifying the GAAP differences to comply with IND AS and conversion of IGAAP
financials to IND AS.
 Responsible for the annual business plan with cross-functional discussions, identifying risks and
presenting it to the management.
 To implement controls based on the annual budgets.
 Responsible for setting up overseas operations, including studying the tax implications of various
countries, understanding banking regulations.
 Heading the Business Finance of the biggest SBU, responsible for managing the working capital by
ensuring timely collections, cost controls, ensuring budgetary controls and compliances.
Partnering with the SBU head in discussions with prospective clients, ensuring necessary clauses
in the EPC agreements and help ensure smooth operations.
 Implemented SAP including integration of all modules, building in system controls and helped in
developing different management reports.
 Managing working capital facilities of over INR4K Cr from more than 6 banks, ensuring adequate
fund and non-fund-based limits from different banks.

4. Essar Group August 15th 2009 – August 31st 2015.

a. Finance Controller of the shipping sector at Essar

 Ensuring proper internal controls are in place in the shipping sector.
 Responsible for the financial statements of Essar Shipping Limited under IGAAP
 Responsible for the consolidated financial statements of the shipping sector under IFRS
 Responsible for the annual business plan and implementing controls based on the same.
 Responsible for group financial reporting of the shipping sector

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 My team was responsible for
o Ensuring different internal policies are in place and are being followed to ensure proper
internal controls.
o Preparation of financials of Essar Shipping Limited under IGAAP quarterly as required under
the listing agreement.
o Preparation of group financial statements under IFRS
o Preparation of monthly MIS, vessel-wise, analyzing profitability voyage wise
o Analysis of accounts, which includes analysis of income and expenditures and segment
results.

b. I was working as the Joint General Manager Corporate Accounts, at the corporate office of Essar,
in Mauritius.
 Heading the team for the Consolidation of Accounts of Essar Group under IFRS
 Responsible for group financial reporting of the parent company.

My team was responsible for

o Consolidation of accounts under IFRS of more than 240 entities.
o Consolidation of accounts under IFRS of different business sectors.
o Getting the consolidated accounts audited.
o Analysis of accounts, which includes analysis of income and expenditures and segment
results.

c. Heading the team of accountants for investment holding companies

 Responsible for all accounting aspects for investment holding companies of Essar group.

My team was responsible for

o Maintaining the books of investment entities in Mauritius under IFRS
o Getting the accounts audited and filing with the required authorities.

d. I was a part of the Due Diligence team representing the corporate accounts which successfully
bid for a Zimbabwe Steel Plant.

e. A key team member who implemented the Hyperion tool for consolidation. The tool was
successfully implemented and tested to consolidate over 240 entities.

5. I was Deputy General Manager at Reliance Communications Limited, 13th January 2003 to 31st July
2009.

a) Heading the Accounts team at their corporate office for the preparation of accounts under IGAAP

 Responsible for financial reporting of the listed entity under IGAAP.

My team was responsible for

o Preparing the accounts of the company.
o Getting the accounts audited for Indian GAAP and Tax purposes.
o Analysis of accounts, which includes analysis of income and expenditures and segment
results
o Supporting the team of consolidation for preparation and review of Consolidated Accounts of
the Company

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 b) Commercial Lead of their Goa Region, since the 13th of January 2003 to the 31st of December
2005.

 Responsible for financial reporting, inventory management, and collections of Goa Region.
 Overlooking the entire Commercial Operation in the Goa region.
 Regular Monitoring, Motivating and guiding the team

My team was responsible for

o Preparing the budgets and implementing controls.
o Reporting of financial numbers of the region including variance analysis.
o Inventory management, keeping the right quantity and safe guard of the same.
o Achieving targets and collections of outstanding.
o Credit Risk Management for the whole region.

HIGHPOINT

 I was awarded the “Certificate of Appreciation” for Excellent Performance for the period 2004-
2005.

6. I was the Manager-Finance and Accounts, at the Corporate office (Mumbai), for SHAW
th th
WALLACE AND COMPANY LTD., since the 13 of December, 2001 to the 12 of January 2003

 Responsible for the preparation and finalization of the monthly, quarterly and annual accounts
and getting the same audited.

My team was responsible for

o Preparation and finalization of the monthly, quarterly and annual accounts and getting the
same audited.
o Preparing and presenting the budgets.
o Trying to get financial limits (funded and non-funded) for the Company.

7. I was an Executive – Finance and Accounts, at the corporate office (Mumbai), of Asian
PPG Industries Limited, [A joint venture between Asian Paints India and Pittsburgh Plate Glass
(USA)] from 13th March, 2000 to 8th December, 2001.

 Responsible for the preparation and finalization of the monthly, quarterly and the annual
accounts and getting the same audited.
 Headed a team of five and reported to all India Finance Head.

My team was responsible for

o Preparing the company accounts.
o Getting the accounts audited for INDIAN GAAP and Tax purposes.
o Analysis of accounts, basically, standards to actual comparison and finding the reason for
variances if any and reporting the same to the CEO of the company.
o Interacting with the materials and the marketing departments.
o Interacting with the creditors.

8. I was the Departmental Head – Finance and Accounts, Exide Industries Limited, Ahmednagar plant,
from 15th May 1998 to 12th March 2000.

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  Responsible for the preparation and finalization of the monthly, quarterly and annual accounts
of the plant and getting the same audited.
 Had also been given an added responsibility to help the Purchase Department negotiate the
commercial terms of any purchase transaction and in turn save costs and had achieved savings
which exceeded the given targets.
 Headed a team of five and reported to the Director of Finance.

My team was responsible for

o Maintaining the cost, financial and excise-related records.
o Getting cost, statutory, internal and tax audits done smoothly.
o Maintaining funds and inventory at the optimum level.
o Sales tax returns and assessments.

HIGHPOINTS

 My team set up the whole integrated accounts and costing system, generating cost and financial
records simultaneously, every month, after Exide took over the Ahmednagar Plant from Standard
Batteries.
 Sales tax benefits were not availed by the Ahmednagar Unit from SICOM as nobody was aware of
it. I took the initiative and personally and successfully handled the whole thing without any help
from any consultant.
 I was sent to Ahmednagar on promotion in May 1998, and then received a merit award from the
Company for excellent performance during the year 1998-99, these back-to-back awards was the
first in Exide Industries Limited.

9. I was working as an Officer–Accounts, from July 1996 to May 1998 in Exide Industries Limited Pune.

LANGUAGES KNOWN: English, Hindi, Malayalam, Marathi.

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