Sreekant Gavankar

Mumbai, Maharashtra

About Sreekant Gavankar:

MBA/ PGDM – Finance, M.Com., qualified professional with over 2 decades of rich experience in managing the entire gamut of Corporate and Managerial Finance.
Presently, working with Arshiya Limited (a Public Listed Company), Mumbai as General Manager – Finance
Proficient in improving the financial health of the Company by establishing a working relationship with Banking fraternity/ FI’s/ NBFC’s & negotiating the best terms
Skilled in supporting the management system with financial analysis and revenue metrics required to drive short to long term capital budgetary and operating decisions
Expertise in developing and implementing policies, procedures and guidelines concerning the departments’ financial planning and variance monitoring activities
Possess excellent interpersonal, analytical and negotiation skills with knowledge of Debt and Equity Capital markets.
Varied experience in the field of Finance, Costing and Accounting in different sectors – Pharmaceuticals, FMCG, Manufacturing, Metals, Plastics, Infrastructure & Real Estate, Financial Services, Merchant Banking, Logistics & Warehousing
A focused, result-driven, detail-oriented and self-motivated Senior Finance professional with proven record of establishing cross-functional partnerships to deliver stellar results with 2 decades of rich, varied and progressive experience in across sectors.
A seasoned professional with a track record of producing, presenting, managing and delivering innovative finance solutions in the Corporate sector.
Has proven ability to develop people and commercialize all elements of a business.
Experienced in converting opportunities into success and driving profit and growth across large scale business enterprises.
Well networked both in India and Globally.
A proven performer in implementing business process improvements, defining company direction, setting and achieving goals and managing complex interfaces in corporate finance.

Fostering new opportunities and productive partnerships resulting in the attainment of corporate goals and opportunities to build business to be next level

As per skill set below -

Corporate & Managerial Finance

Fund Raising (Debt & Equity Capital)

Infrastructure & Project Finance

Working Capital & Risk management

Financial Analysis & modelling

Mergers & amalgamation

Corporate Debt restructuring

Capital Budgeting & Cost control

Treasury & Banking operations

Investment Banking

Experience

Arshiya Limited, Mumbai as General Manager – Finance July ’14 – till date

Key Result Areas:

Expertise in Fund Raising, managing Working Capital requirements on day-to-day basis and liaison with consortium of various bankers (both Private & PSUs) for managing the funding requirements
Raising various long & term resources at the most optimal cost; assuring timely servicing and compliances of the lenders
Co-ordination with bankers from the proposalfiling stage includingalignment of terms and conditions of sanction and to ensure the entire deal is closed successfully
Preparing Information Memorandums, Financial Models,CMA data, ProjectReports, Revenue Projections & Sensitivity Analysis
Evaluation of loan agreements, structuring the transactions, presentations to financial institutions, liaison with bankers and overall business advisory
Managing the treasury function with responsibilities including long & short-term funding, foreign exchange management, business MIS and reviews, strategic & annual planning
Interfacing with credit rating agencies for managing the external credit rating of the company
Generating financial analysis reports that provides senior management with accurate, on-time information to effectively manage current and future obligation

Highlights:

Successfully closed the Private Equity Funding deal with Strategic Investor worth Rs.534 crore
Successful completion of Financial, Business and Commercial due diligence supported by participation in Technical, Legal and Land diligence
Executed Restructuring Agreement with Asset Reconstruction Company, restructuring the entire debt of the Group by resizing and re-alignment of debt to sustainable levels
Arranged growth and operational capital from NBFC’s for 1000 INR crore
Formulation of Annual Business Plans/ Budgets – segment wise revenue and expense tracking schedule

A K Capital Services Limited as an Associate Vice President - Finance May ’11 – Sep ‘12

Key Result Areas:

Mobilization of funds/ advances for Corporates through Debt-instruments
Corporate Bond building and Fixed Income products
Placement of Commercial paper
Assessment of quantum and timing for raising funds including evaluation of possible fund-raising options
Credit appraisal & placement of debt funds involving financial, technical, economic & risk analysis and evaluation of proposals
Entire gamut of pre and post debt sanction activities including project evaluation, structuring of transaction and overall relationship management

Portfolio Financial Services Limited as a Vice President – Corporate Finance Aug ’08 – Apr ‘11

Key Result Areas:

Business development identifying and closing potential borrowers meeting credit requirements of lenders
End-to-end Debt syndication for Corporates through Project finance, Long-term and Corporate Loans
Tying-up of Fund & non-fund based Working Capital requirements
Private placement of Non-convertible debentures & Commercial papers
Foreign currency funding - ECB & FCNRB loans, Buyers & Suppliers credit
Credit appraisal of proposals, risk analysis & placement involving preparation of term sheets, Financial modelling and information memorandum
Appraisal of project costs, lender query resolution
Vetting & execution of loan documentation, monitoring security creation, loan disbursement, drawdown requests
Overseeing and tracking of loan portfolio for timely principal and interest payments ensuring good credit
Liaison with Banks, FI’s, NBFC’s

Highlights:

End-to-end (inking of business mandates and execution) Financial closures of Project loans, Corporate loans, External Commercial Borrowings, Buyers & Suppliers Credit and Rated paper funding of 5000 INR crore for Construction and real estate companies, Shipping, and offshore majors
Management Certificate of Appreciation for recognition of outstanding performance and exceptional commitment

Hindustan Construction Company Limited as a Manager – Finance Aug ’05 – Jan ‘08

Key Result Areas:

Preparing Credit Monitoring arrangement (CMA) projections
Fund-flow & working capital management, ratio analysis
Project financial closures through Project, term & capex Loans
Arranging Trade finance and Insurance backed funding
Arranging offshore funding, Suppliers/ buyers Credit, External commercial borrowings
Arranging Term funding from Money markets
Placement of Commercial Paper & Non-Convertible debentures, treasury management including Foreign exchange risk management with forward covers
Periodic reporting to Banks, Financial institutions, FEMA compliance, Withholding tax planning in accordance to DTAA

Highlights:

Arranged External Commercial Borrowings of 250 INR crore for major EPC project Capex activities
Arranged Project Funding through Structured and Rated paper funding of 500 INR crore
Major enhancement and tying up of Fund & Non-fund based Working Capital limits of 4500 INR crore from Consortium Bankers

Meta Copper and Alloys Limited as a Manager – Finance & Accounts Dec ’03 – Aug ‘05

Key Result Areas:

Preparation of CMA Data, Financial Projections
Fund flow & Working Capital management
Arrangement of Non fund based working capital, Letters of Credit, Purchase and Sales Bill discounting
Reporting to Consortium Bankers - MSOD/ QIS forms
Liaison with Consortium lenders for implementation and closure of Corporate Debt Restructuring
Liaison with potential Private Equity investors for one-time settlement of restructured debt and exit from CDR
Assisting in Finalization of Accounts, Statutory & Tax Audit

Biopac India Corporation Limited as an Accountant Nov ’01 – Nov ‘03

Key Result Areas:

Budgetary Forecasting: Preparation of Annual Production & Sales Budget
Costing: Inventory management and control, Raw Material, Work-in-Progress, Product Costing, allocation of Fixed/ variable costs, Direct/ indirect overheads; Production module wise Batch costing with downtime and wastages for ascertaining Economic Batch quantity and related MIS; Control & Variance analysis: Quantity and Value based MIS on Performance Budget analysis, control on Cost and Revenue leakage; Reporting: preparation of Proformae and Annexures to Cost Audit report, handling Cost Audits
Factory Stuffing & despatch: obtaining permissions for factory stuffing, monitoring complete process of import and domestic dispatches and liaison with Range Excise and Custom authorities
Accounts: Invoicing of Import and domestic despatches, Debtors management (Ageing analysis), Inventory management & control, Physical Stock verification, assisting in Finalization of Accounts, & Tax Audit
Excise & Customs: Maintenance of Excise registers, RG-1, Form IV, PLA, Invoice Register, Job Work Register, RG-23 A-Part I, II, RG-23C-Part I, II, Records and Challan Books under Rule 57F(4), 4(5) and 57S & Customs records
Systems: Implementation of Bar Coding and Enterprise Resource Planning

Danfoss Industries Private Limited as an Executive – Accounts & Commercial Jan ’00 – Sep ‘01

Key Result Areas:

Branch Sales & Purchase accounting
Debtors management (Ageing analysis)
Payroll, TDS returns, Cashflow management
Inventory monitoring & control
Assisting in Finalization of Accounts, Statutory & Tax Audit
Liaison with Bankers & Customers

Mirc Electronics Limited as a Sr. Asst. – Budgeting & Costing Aug ’95 – Oct ‘99

Key Result Areas:

Budgetary Forecasting: Preparation of Annual Production & Sales Budget
Costing: Inventory management and control, Overhead Costs by responsibility areas, Raw Material, Work-in-Progress, Product Costing
Control & Variance analysis: Quantity and Value based MIS on Performance Budget analysis, control on Cost and Revenue leakage
Reporting: preparation of Proformae and Annexures to Profit/ Cost centre wise Cost Audit reports, handling Cost Audits

Fermenta Biotech Limited as an Accounts Assistant Apr ’94 – Aug ‘95

Key Result Areas:

Preparation of Bank Reconciliation statements, posting of reconciliation entries through JV to ledgers
Preparation of Schedules/ annexures to Profit & Loss statement and Balance Sheet

Maintaining of Fixed Deposit accounts/ registers, calculation of interest accrued on fixed deposits and posting of receipt of fixed deposits, payment of interest entries to ledgers