VIRAL BHATT : +91-9769415354 ~ : viral1000@gmail.

com

ACCOMPLISHED PROFESSIONAL – FINANCIAL CONTROLLERSHIP

~ BUSINESS PARTNERING ~ BUDGETING & FORECASTING ~ PROCESS TRANSFORMATION /AUTOMATION ~
CA OFFERING 15+ YEARS OF RICH EXPERIENCE IN ACCOUNTING & FINANCIAL REPORTING, BUDGETING & FORECASTING, CONSOLIDATION, BUSINESS
FINANCE, that enhances internal controls, ensures statutory compliances, accelerates business growth/profitability and meets stakeholders’
expectations
F&A STRATEGIST: Highly-skilled in leading all aspects of FINANCE & ACCOUNTS like financial planning, budgeting, variance analysis,
accounts payable/receivable, audits, taxation, MIS reporting, month-end closing, review & preparation of Standalone and Consolidated
Financials as per Ind AS/ IFRS of large scale listed entities. Monitored BU wise performance and tracked inflow & outflow of cash to ensure
optimum utilization of available funds for accomplishment of corporate goals.

VALUED BUSINESS PARTNER: stellar in working with Business Heads on new business plans, strategic initiatives, analysing financial
impact of proposed transactions. Provided key insights on Financial Performance, Expenses, Operating Margins, IPOs, JVs/ Contracts,
M&A related Due Diligence with key focus on P&L/ Risk Mitigation and ROI. Led preparation of MIS Reports, Balance Sheets, P&L
Statements to assist Sr. leadership in critical decision-making.

CHANGE & TURNAROUND AGENT: Big 4 Consulting Experience, working with clients across the industry on high-impact special Finance
& Accounting Projects such as Ind AS/IFRS implementation, SOP preparation. Implemented IT Reporting Tools (SAP BPC/SAP
BCS/Hyperion), imparting training on Ind AS/IFRS, IPO Financials, implementation of budgeting/planning best practices while engaging
with stakeholders across Auditors, Tax Consultants, Independent CA, Bankers and Lawyers.

RESULTS-DRIVEN LEADER: Recognized for building high-performance teams, monitoring KPIs and executing Process Automation/
Transformation, Cost Optimization, SAP and Oracle Implementation Initiatives, for streamlined financial processes, enhanced efficiency
and making the organization future-ready in rapid-change global environments.

CAREER TIMELINE
Oct’08 – Jun’10: Oct’16 – Feb’19: Since July'22: Sterlite
PwC India, as Gunnebo India as Senior Technologies Limited, as Head
Consultant Manager - Finance FRC & Automation - ONB Division

Jul’10 – Sep’16: KPMG Since Mar’19: Metro Brands

India as Manager - Limited, as DGM – Finance &
Accounting Advisory Accounts
Services

SIGNIFICANT HIGHLIGHTS
 Heading Financial Controlling, Finance Transformation/Automation for Sterlite Technologies Limited – ONB Division (more than INR
5,000 Crore business). Leading streamlining of financial reporting processes, consolidation (16 subsidiaries), post-merger integration of
financial processes for USA, Italy, China operations. Ensuring closure of Statutory audit/internal audit with Big 4 auditors.
 Overviewing entire US plant capitalistaion, MIS preparation, budgeting & forecasting, taxation & transfer pricing and got the entire
financial statement audited successfully without any negative observations.
 Successfully reorganised entire Finance & Accounts Team as per the functions, to streamline processes and improve efficiency at Metro
Brands. Improved the process of closing quarter end accounts (45 days to 10 days).
 Worked as a SPOC from Finance Team on IPO assignment. Led the preparation of financial statements, other finance data required for
Due Diligence, independent CA Certifications for DRHP/RHP/Prospectus filing for IPO at Metro Brands.
 Spearheaded the In-house implementation of Ind AS 116 New Accounting Standards with designing of Excel Templates, preparation of
accounting memo, discussion with Auditors and finalizing the accounting impact at Metro Brands.
 Front-led the assignment of preparation of SOP/Accounting Manual for Finance & Accounts Dept., design and implementation of
various policies/automation - expense reimbursement process, physical asset verification process, reduction of cash usage, etc.
 Managed the implementation of GST (with Big 4 Consultant) by analysing impact on various aspects of business at Gunnebo India
 Received Letter of Appreciation on successful completion of the Project by the Group Financial Controller of one of the largest Indian
conglomerate at KPMG India
 Recognized with Kudos Award for successful implementation of Revised Schedule VI, doing consolidation of INR 6,000 Cr. company
through system for the first time and getting the same audited.
 CORPORATE SUCCESS
Sin ce Ju ly’ 22: Ste rli te T e ch n ol o gie s Li mi te d (B SE -N SE Lis te d Co m pa ny ) , Mu mb ai a s He ad – F R C &
Au t om ati on
ONB D iv isi on (5 , 00 0 Cr . Busine ss )
 Heading Financial Reporting, Compliance/Controlling, Automation for Sterlite Technologies Limited – ONB Division (more than 5,000
Crore) business. Leading streamlining of financial reporting processes, finance transformation, setting up Internal Financial Control
(IFC), taking necessary actions based on internal audit reports, Consolidation of accounts, post-merger integration of financial processes
of USA, Italy, China operations. Ensuring closure of Statutory audit/internal audit with Big 4 auditors.
 Review of various trial balances/financials, policies, procedures for all manufacturing plants spread across various geographies within
India and outside India (USA, China, Italy).
 Successfully lead the entire US Plant capitalisaiton activity (56 M USD). Involved in setting up all finance related processes (O2C, P2P,
R2R etc.) for US operations along with Finance Head in the USA.
 Helping in preparation of budgets of subsidiary companies and review of the same.
 Working closely with Tax team, secretarial team, consultants, financial controller of outside India operations on finalizing cross border
transactions/transfer pricing, filing their tax returns, liquidation of subsidiaries etc.
 Core team member/Lead of various projects such as Accounting manual, Finance Transformation, SAP S4 HANA implementation, Cost
reduction program, balance sheet integrity.
 Leading various automation projects for ONB division such as cash flow report, debtors aging, performance dashboard etc. with IT
team/Tableu team.
 Contributed significantly in improving various F&A processes as a result ONB Finance team received STLer Award (Annual Team Award)
in FY’23
Sin c e M ar’ 19 : Me tr o B r an d s Li mi te d ( B SE - N SE Lis te d C om p any ) , Mu m bai as D GM – Fina nce & A cc ou nts
Leading Business Partnering roles, assisting sr. management in formulating financial strategies and providing overall direction for financial
growth, contributing in review of financial plans/budget for the year based on discussion with business heads and other stakeholders.

 Spearheading entire Accounts & Finance function, leading a team of 40+ members, with reporting to CFO. Performing Review of:
 Monthly/Quarterly Financial Statements (and other reports such as Brand Profitability/Showroom Profitability etc.) and providing
insights to Business/Management
 Monthly MIS (such as Sales Analysis/Inventory Analysis/Investment/Compliance Reports/Insurance Details/Cash Flow, etc.)
 E-Commerce business marketplace/channel-wise profitability, reconciliation process, debtors aging as well as Subsidiary Accounts
 Administering Fund Flow/Cash Flow /Treasury Management, Accounts Receivable/Payables- Credit Control & Debtors Follow-up, Timely
Payment Processing and all queries & disputes resolution for ensuring adequate cash flow and reduced outstanding.
 Pivotal in reviewing impact of new accounting standard requirements like Ind AS 116/ESOP Scheme, setting-up process to implement
the same and arriving at accounting impact
 Coordinating with external Credit Rating Agency (CARE) for Credit Rating of the company, and providing projections for the same
 Facilitating Audits, liaising with Statutory Auditors (Big 4) and getting the accounts audited & ensuring no adverse comments
 Managing tax assessments, payment/calculation of advance tax, provision for tax, deferred tax, Liaising with external tax consultant,
 Assessing impact of new Income Tax and other regulatory requirements on the business and implementing the same
 Building and implementing control/processes to comply with various statutory (GST/TDS/MSME) and business requirements
 Driving & implementing various process improvements related to Accounts Department such as automation of reports through system
(SAP HANA/Power BI Tool/Excel), process changes to comply with statutory or business requirements
Oct ’16 – Fe b’ 19 : G un n e bo I n d ia P riva te Li mite d, Th an e a s Se ni o r M an age r - Fi nance
Managed a team of 4 members (Qualified CA/ICWA), with reporting to the CFO. Assisted in preparation of financial plan/budget for the year based
on discussion with various business heads, plant head and other stakeholders. Performed Variance Analysis of Budget/Forecast Vs Actuals and
provided commentary on the same (monthly/quarterly/yearly)
 Preparation of Budget, Forecasts, variance analysis, monthly MIS, publishing commentary on business performance based on
discussion with business heads.
 Performed Analysis of Ind AS Accounting Standard and presented the same to the MD and APAC CFO
 Worked on ad-hoc reports for business heads & other stakeholders for their decision making (competitor analysis, investment analysis,
profitability analysis). Led preparation of:
 Group Reporting Package under IFRS (Balance Sheet, Income Statement, Product Profitability Report, etc.)
 Month-end financial statements and other reports for MD (key financial summary)
 Presentations for Board Meetings, Group CEO/CFO Visits, etc.
 Capex MIS, Capex policy making and Capex IRR/payback period calculation and review
 Managed Internal Financial Control (IFC) Documentation and got the same audited from Statutory Auditors & Internal Auditors (Big 4
Audit/Consulting Firm), ensuring overall compliance
 Handled in-house tax assessments as well as assessments along with Tax Consultants. Facilitated preparation/review of Tax Audit and
Transfer Pricing requirements and got the same audited from Tax Auditors
 Drove Automation of various Reports like Inventory Report, Key Financial Data Automation through ERP/Excel in coordination with
diverse teams such as IT, Plant/Logistics
Ju l’1 0 – Se p’1 6 : K PMG I n d ia, Mu mb ai a s M anag e r - A cc o unti ng Advi s or y Se rvi ce s
Handled the preparation of standalone & consolidated Financial Statements as per IGAAP/IFRS/Ind AS and IPO Financial Statements for Listing.
Provided training to various corporates on IFRS/Ind AS. Monitored the work performed by junior team members
 Managed IFRS/Ind-AS conversion of various large corporates in India (Unlisted/Listed Companies) and largest Retail & Shipping
Company of Saudi Arabia (Listed). Performed Financial Due Diligence Assignment for M&A Deals
 Worked on acquisition accounting and financial restatement for a leading airline company on acquisition by a Dubai based airline
company.
 Administered Consolidation through various software such as SAP BCS/Hyperion
 Worked as a key part of team:
 Engaged in preparation of restated financial statements for a company after one of the largest financial scams in India
 Which Received Super Team Award 3 times while working on different assignments
Co m me nce d c are e r fr o m Oc t’ 08 – Jun ’ 10 : P w C I ndia , M um bai as C o nsu lta nt (Pe rf or ma nce I m pr ove me n t
Pra cti ce ) . Worked on a project involving implementation of Reporting System (SAP BPC), advising client on best practices on
Budgeting/Planning, designing SOPs for entire group of companies engaged in different verticals as well as to implement SAP Treasury Module.

ACADEMICS & CREDENTIALS

Pursuing CFO Program from IIM Indore
Pursuing Professional Courses on GST ( ICAI), Advanced Excel and Financial Modelling (Grant Thornton)
Chartered Accountancy (CA) from Institute of Chartered Accountants of India (ICAI) |2007
CIMA - Cleared Strategic Level - CIMA, UK | 2014
IFRS Certification of ICAI | 2011
M.Com. from MSU, Baroda |2007
B.Com. from MSU, Baroda |2002

IT Skills: SAP S4 HANA/SAP ECC 6, Microsoft Dynamics AX, SAP BPC, Hyperion, Cognos, SAP BCS, MS Office (Outlook, Excel, Word, and Power
Point)

PERSONAL SNIPPETS
Date of Birth: January, 1984~ Nationality: Indian ~ Languages: English, Hindi & Gujarati ~ Address: Mulund (W), Mumbai