Name of Candidate Mr.

Naresh Prajapati
Applied Designation: Finance Head
Date of Birth: 12 Sep 1975
Total Years of Experience 20 years

Experience Details Relevant Experience: 20 years in Accounts & Finance

Average Tenure: 3.3 years

RIVULIS IRRIGATION INDIA PVT. LTD. (RIVULIS
Current Organization:
GROUP, ISRAEL)
Current Designation: Financial controller
Organization Duration: Since June 2014
& Tenure
Previous Organization: Kemrock Industries and Exports Limited
Previous Designation Sr. Manager – Finance & Accounts
Duration: Sept 2009 – Feb- 2013
Professional Qualification: ICWA+ DTP + DIE
Qualification
Graduation: BBA
MD
Present Team Reporting To:
Structure
Team Size 10
Current Location: Baroda
Location & Family
Family Details: Married
Current CTC: Rs 24.0 lacs pa
Salary Details Increment Due/Not: NA
Expected CTC: Rs 25.0 lacs pa
Notice Period: 90 days Negotiable
Gap in Professional Career / Education NA
Company is shifting to pune is the reason
Justification/ Reasons for changes
looking for change
For Sales/Project Profiles
Achievements (if any)
Available with prior notice over telephone and
Interview Availability
personal
Communication is excellent, diversified
Specific Remarks (If any)
experience
Date Of CV sent: 19.03.2019
Sourced By: (Resource Name & Team Specifications) Shana Menghani
 N ARESH P RAJAPATI
| cma.nareshprajapati@yahoo.com / nd1may@yahoo.co.in| +91-9825894080/ 7574834886|

S TR A T E G Y & L E AD E R S H I P | F I N A N C E & A CC O U N T S | F I N A N CI A L C L O SU R E S | W O RK I N G
C A P I T AL M A N A G E M E N T & P R O JE C T F I N A N C E | S T AT U T O R Y C O M P LI A N C E | B UD G ET I N G |
T A X A T I O N | MIS & R E P O R TI N G | T E A M B UI LD I N G |P R O C E SS D EV E L O P M E NT | P E O P L E
ENGAGEMENT| MANAGEMENT
 Senior Executive, leader, start-up & strategist with over 18 years of experience in Financial Leadership
across diverse industries. Proven competence in setting up & turning around businesses into sustainable &
profitable
 Good Understanding of Finance, Process Orientation, Ability to oversee multiple engagements, Analytical
& Problem solving capability, Willingness to take responsibility, Integrity and Team building
 Designing SOPs and ensuring effective mechanism to support business & operational objectives are in
place, while at the same time maintaining high level of Compliance at all times.
 Adept in engaging with diverse stakeholders, internal as well as external including Senior Leadership,
Customers and Partners. Expertise in driving multi-cultural & cross-functional resources.
 Deft in formulating business strategies, addressing operational issues, resolving performance bottlenecks
and facilitating attainment of revenue and profitability objectives.

Brief Profile:
Education: ICWA, B.B.A, Diploma in Taxation Practice, Diploma in Import Export
Management
Objective: Achieve synergies with scale of operation, improving profitability by cost
effectiveness.
Work Experience: More than 18 years of experience in Accounts, Finance, Costing, Taxation,
Budget, MIS, & Compliance.
Industry: Worked with various small & medium sizes of private & public limited
companies.
Date of Birth: 12th September 1975

[ At present – June’14 onward]

RIVULIS IRRIGATION INDIA PVT. LTD. (RIVULIS GROUP, ISRAEL) (Jun 14 – Present), India
Rivulis Irrigation India Private Limited is world’s 2nd largest micro-irrigation company having it’s headquarter at
Israel. Worldwide Rivulis Irrigation ltd., Israel has 18 manufacturing units and presence in 15 countries. Rivulis is
into Drip Irrigation solutions for farmers..

Financial Controller: Role & Responsibility

 Heading Finance Department, Part of the core founding team for the company, while being the first
employee and having played a pivotal role in Incorporation of company, getting registrations in various
states under various laws
 Now, spearheading a team of 7 Senior professionals and shouldering end-to-end responsibility of a gamut
of critical functions including Finance, Accounts, Costing, Taxation, Compliance, Budget, MIS, Inventory &
logistic.
 Have been recognized for providing effective leadership, guidance & support to the business that has
grown from zero to > INR 160 Cr over a short span of time
 Spearheading costing & review of 1500 products, analyzes deviations between Actual and
Budget/Standard and acts proactively with business partners to take corrective action.
  Conceptualized, ideated & established the organization in India from a scratch, the role spanning across
developing the organization structure, SOPs, recruitment, operations and support. Defined process &
documentation under ICFR and implemented the same with a firm eye on adherence with internal
standards as well as regulatory compliance
 Worked closely with the stakeholders in determining the company’s values, mission, vision, and goals at a
regional level
Accounts:

• Managing financial accounting operations including Invoicing, Revenue recognition, Accounts

Receivables, Accounts Payable, Accounting of cost (cost center wise).
• Compliance under ICFR, develop business processes and accounting policies to strengthen
internal control system, review of internal controls in the operation.
• Monthly closure of Account & submission of financial statements to Group head Israel.
• Directing tasks related to financial audits.
• Finalization of Balance Sheet & Profit Loss Accounts with all schedules as per IGAAP.
• Insurance & Fixed Assets Management.
Finance:
• Monitoring cash flow & Manage Bank
• Preparation of short term and long term cash forecast in accordance with business projection.
• Bank Financing for Working Capital requirements. Deal with Banks for fund raising. Credit
Ratings etc.
• Coordinate with Bank for post approval processes including legal documentation & compliances
for execution of overall mandate and disbursement.
• To Structure and conceive variable pay program of the Company.
Costing:
• Monitoring & controlling of cost. Support to operation in improving cost efficiency.
• Product Cost and Profitability analysis, Sales Margin analysis and Pricing decision, Financial
Strategy. Provide analyses to Group & BU head as and when needed for taking decisions,
improve performance and reduction of cost.
Supervise Profit Center and Cost Center. Analyzes deviation between Actual and Budget/
Standard cost.
• State wise Costing profitability analysis. Inventory valuation.
Taxation & Other compliance:
• Direct & Indirect Taxation
• Compliance under other local legislation in various states
• Oversee & responsible for Compliance under Company law and FEMA.
• Tax audit, Transfer pricing Audit & documentation.
Budget, MIS & Compliance
• Formulating Budget and forecast (cost center wise, Sales planning and full P & L), drilldown
yearly budget into Quarterly & Monthly budget, setting up & assign targets (KPI’s) based on
Budget.
• Monthly analysis & review of Actual with Budget, variance analysis and communication on all
relevant issues to stakeholders.
• Report to Group head- Israel ( P&L, BS & Cash Flow)
• Monthly MIS report on Sales, Procurement, Inventory, COGS, State wise P & L, etc. for
Management review.
 All compliance under Company Law & FEMA

Kemrock Industries and Exports Limited (Listed Company)

[Sept 2009 – Feb- 2013]
Sr. Manager – Finance & Accounts.
I worked with Kemrock Industries and Exports Limited (Listed Company, had a turnover of Rs. 1000 cr.) as Sr.
Manager Finance & Accounts.
 Raising finance for Project, Project cost estimation, Capitalization of CAPEX, Depreciation,.
 Plan monthly requirements of cash in coordination with various departments.
 Working Capital Management, Monitor Cash Flow, Treasury management, Techno-Economic
Viability (TEV) Study, Handling of Consortium. Liaising with Bank and Financials institution
 Rating of Credit Facilities of the Company
 Bank Documentations & related matters. Facing of Stock Audit of Banks
 Product Costing & Contribution analysis, Maintenance of Cost Records and get the Certification
of Cost Records u/s 209 (1)(d) of the Companies act., Segment Accounting, (Transfer Pricing)
 Quarterly Closing, Finalization of Accounts & publication of Financial result to stock exchange.
 Annually Finalization of Annual Accounts of Holding & Subsidiary companies & Preparation of
Consolidation Statement of Accounts.
 Matters of Direct Taxes like, TDS, Assessment, Appeal, Transfer Pricing etc.
 Faced the Statutory and Internal audit of the company and Audit committee Board. Preparation of MIS,
Periodic Financial Closures and presentation for management review meeting
 Oversaw Debt Restructuring of INR 1500 Cr of the company
 Under Consortium banking, handled INR 1500 Cr finance portfolio including working Capital limit of INR
900 Cr

Abhiket Financial Services Private Limited [March 2013 to May’14] ( 1.2 years)
Consultant – Freelance.

Alferez Pvt. Ltd. [April’2006 – Sept 2009] (3.6 years)

Designated as Manager – Finance & Accounts

Comed Chemicals Limited [Sept’2000 – April 2006] (5.9 years)

Designated as - Asst. Manager – Finance

S.G. Kini –Chartered Accountant [April’1997 – Sept’ 2000] ( 3.5 years)

Designated - Executive Asst. – Audit & Accounts

Education :

ICWA - Associate Member of the Institute of Cost Accountant of India, Kolkata.(ICAI)

DTP - Diploma in Taxation Practice ( M. S. University, Vadodara)
DIE - Diploma in Export Import Management (M. S. University, Vadodara).
BBA - Bachelor of Business Administration – Junagadh (Saurastra University Rajkot)

(Naresh Prajapati)