DEVENDRA KUMAR GUPTA

1702, Vasundhara Heights, Sector-11, Sanpada, Navi-Mumbai 400 705, India. Skype – devendragupta3

Ph: +91 9987047830/9004037830 Email: devendraguptadkg@gmail.com

CHIEF FINANCE OFFICER Fund Raising Business Strategies Commercial Controls Business Operations

Dynamic and multi-skilled finance professional and a visionary finance leader with over 24 years experience across finance, accounts, commercial, taxation and business operations in manufacturing and service sectors. A Chartered Accountant (CA) and Company Secretary (CS) having comprehensive Domestic and International exposure. Currently spearheading as Chief Finance Officer of Lake Group - Middle East with multiple deliverable. Though my current designation is Chief Finance Officer, I am associated with all aspects of business and project management and looking for challenging assignment in the area of business strategy and execution. Have worked in leadership roles in Indian MNCs and reputed organizations.

KEY ATTRIBUTES

Excellent team manager having ability to maximize operational efficiency Keen understanding of the subject and business Proactive decision maker and strategist Diligent, organized and efficient with capability to excel in any environment Energetic and self-motivated team player / builder, spearheading cost reduction initiatives Result Oriented and Solution focused with strong analytical skills Sound and clear communicator and leading by example Innovative and ready to accept challenges Strong people & customer orientation and man management skills

CORE COMPETENCIES:

Accounting, Finance & Costing Fund Raising & Banking Direct & Indirect Tax Matters Sales & Collection IPO Documentation & Compliance Private Equity Profit & Loss and Risk Management Business Valuations & Acquisitions Strategic Planning & Execution Project Management and M&A Budget, Projections & MIS Reporting SAP & other ERP Management Pricing & supply chain management Due-diligence & Capex evaluations Loan Restructuring & TEV Reports Procurement and HR Excellent Systems & IT understanding Commercial Acumen & Negotiations Turnaround and Perf. Enhancement Business Strategy & Operations Costing & Anti-dumping

PROFESSIONAL EXPERIENCE

Highlights

Business Set-up and Performance Management of Ready Mix Concrete Business Funds Raising of USD 7 Million in Dubai for Lake Group Actively participated in Business Set-up and Project Management of a startup Taxicab

Business Raised INR 170 crores finance from banks and financial institutions in India. Instrumental in valuing and executing the acquisition of Petroleum Marketing Infrastructure in

East Africa. Involved in Business Strategy, Merger & acquisition and new business initiatives Handled the Due diligence of PET plant in USA and done the business valuation considering the

synergies with existing business. Played a Key role in contributing to Marketing strategy of Petroleum Products in East Africa.

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Developed Systems and Procedures for Accounts and Credit Control in LPG Retail Business. Managed the Pricing of the product based on International Prices and Local Market Conditions. Profit and Loss management of various businesses of a large petrochemical company. Hands on experience in the field of Finance, Accounts, Commercial and Taxation. Turn-around & Performance Enhancement of LPG Retail business in India and Petroleum Retail

business in Africa Successfully handled HR and Procurement functions Successfully handled Supply Chain Management and Logistics Commercial evaluations

Career History___________________________________________________________________________________________

Lake Group – Middle East, UAE It’s having the Ready Mix Concrete and Oil Tankage in UAE

(December 2015 onward)Chief Finance Officer

Key Responsibilities:

Sales and Collections from Customers Raising funds from various Banks and Financial Institutions Funds Planning and Banking with multiple Banks Raising Funds from PE Investor Decisions on Business Strategy and Policy matters Monitoring business performance and driving growth plans & profitability Insurance & Pricing Decisions and Financial Projections Policy formulation and implementation for Sales, Production & commercial controls Business processes mapping, Reengineering and Cost Control Devising and strengthening Internal Control systems and measures Devising MIS for various business operations Monitoring day to day accounts and finalisation of financial statements Quarterly & yearly Accounts and Financial Reporting Procurement, IT and HR function Fixing KRAs and formulating performance management system (PMS) Vetting Agreements with vendors, service providers and customers

Key Achievements:

Successfully Increased Sales by 50% in Six months Raised AED 20 Million from Banks and Financial Institutions Successfully set-up Sales Team for effective Sales and customer service Applauded for achieving a substantial savings in Capex & operating costs

SMS Taxicabs Private Limited It’s a part of SMS Infrastructure Group in the business of Phone Fleet Taxi Operations in Mumbai

(October 2011 to December 2015)Chief Finance Officer

Key Responsibilities:

Raising funds for Taxicab Business from various Banks and Financial Institutions Funds Planning and Banking with multiple Banks Maintaining relationship with Banks and Financial Institutions Managing Investor relations and providing information to rating agencies and Private Equity Investor Supervising Investments and Funds Management Overseeing setting up of Business and Project Management for INR 400 Crore Business Company secretary functions and legal agreements & compliances Decisions on Business Strategy and Policy matters Monitoring business performance and driving growth plans & profitability Insurance & Pricing Decisions and Financial Projections

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Policy formulation and implementation for finance, accounts & commercial controls, direct & indirect tax planning

Business processes mapping, Reengineering and Cost Control Devising and strengthening Internal Control systems and measures Service Tax and Income Tax Returns and Assessments Devising MIS for various business operations and Providing informative MIS to Board & Investors Monitoring day to day accounts and finalisation of financial statements Quarterly & yearly Indian GAAP Accounts and Financial Reporting to FIs and Investors Implementation of Oracle ERP Package and MSCRM for business information and controls Overseeing Procurement, IT and HR function Fixing KRAs and formulating performance management system (PMS) Vetting Agreements with vendors, service providers and project consultants

Key Achievements:

Successfully raised INR 170 crores without any collateral Successfully handled startup activities for Taxicab Business Successfully set-up team & SOPs for highly effective accounting for huge customer base Commended for business understanding and providing strategic directions to taxicab business Applauded for achieving a substantial savings in Capex & operating costs for the startup Restructuring of loans to manage the cash crunch

Reliance Industries Limited, Mumbai, Feb 2002 – Sep 2011India’s largest company in the private sector and a fortune 500 company. Market Leader in PET,

Polymers, Polyester and other Petrochemicals. Its PET Business having turnover of USD 500 millions

Asst. Vice President (Commercial & Accounts) - PET Business - Aug.09 to Sep.11

Key Responsibilities:

Handling Accounts and Commercial function of PET Business in India and abroad. Funds raising for channel financing requirement of Distributors Finalizing accounting statement of Profit Center. Developing forward looking and predictive models Financial Analysis, Business Planning and Forecasting Developing systems and procedures for Accounts and Credit Control. Putting Banking function in place to handle day to day banking. Pricing of Products based on International Prices and competitors’ pricing. Entering into spot and term contract for sale of PET. Implementation and optimization of SAP Costing & Cost audit, MIS and Budgeting. Cost sheet for Antidumping Investigations and EXIM documentation. Implementation of shared services across various functions Providing support for Sales tax & Income tax assessments and Excise & Service Tax Audit. Getting accounts audited with statutory auditors and cost auditor. Implementation & Compliance of Statutory and internal requirements for business governance. Implementation of cost control measures. Supply chain management and commercials of logistics operations

Key Achievements:

Evaluated a business opportunity of acquisition of PET Plant in US and highlighted hidden factors Successfully handled Antidumping Duty and CVD revision application with European Union Commended by management for business acumen and sharp business focus Commended by management for major saving in discounts to contract customers Achieved higher contribution by effective pricing and strategic decisions

Chief Finance Officer (Gapco Group), Aug.07 to Jul.09 (within Reliance)3

Gapco Group, a part of Petroleum downstream business of RIL in Five countries in East and North Africa

Key Responsibilities:

Finance and Commercial function of Petroleum Marketing Business of the Group in East and North Africa.

Raising finance thru. working capital limits and term loans from banks and FIs. Finalization of Accounts as per International Accounting Standards and Consolidation Developing systems and procedures for Accounts and Credit Control. Putting Banking and treasury function in place to handle forex contracts. Pricing of Petroleum Products based on International Prices and competitors pricing. Entering into spot and term contract for purchase and sales of Petroleum Products. Business Strategy for marketing of products in retail and bulk segments. Finalization of price for the Bidding in Tenders and Tender Documentation Implementation of SAP for Petroleum Marketing Business in Africa. Company Law and secretarial compliances

Key Achievements:

Revival of Accounts, Treasury and Commercial Operations at Gapco within 3 months Improvements in MIS to support Business Decisions Business started generating cash within 6 months from acquisition Commended by management for timely and effective pricing decisions

Head – Commercial & Accounts (LPG & Cracker Chemical Business), Feb.02 to Jul.07LPG and Cracker Chemicals Business of Reliance Industries Limited having a turnover of USD 250mn

Key Responsibilities:

Finance, Accounts and Commercial functions of LPG and Cracker Chemical Business. Fund raising for financing the infrastructure and bottling plants. Preparation of Annual Financial Statements and audit details. Managing working capital limits, overdraft facilities and CMS arrangements. Handling FI/CO & AR module of SAP and vendor payment processing. Managing complete accounts in Tally of a subsidiary engaged in LPG retail business. Product Costing, Cost audit, MIS and Budgeting. Cost sheet for Antidumping Investigations. Providing support for Sales tax & Income tax assessments and Excise Audit. On commercial side Vetting of Contracts with customers and Pricing of products. Analysis and decision on commercial and capex proposals New projects evaluation, Due diligence for takeover, Credit evaluation of customers. Supply chain management and optimization of logistics cost.

Key Achievements:

Turnaround of LPG retail business in spite of Govt. subsidy on PSU LPG cylinders Achieved major cost saving by allocating LPG from various sources for internal consumption and

external sales Commended by management for complete revamp of LPG retail accounts and reconciliation of

Cylinder Inventory Re-organized the accounts team to increase the productivity and effectiveness of team members Commercial integration with IPCL plants post-merger with RIL & Restructuring of Businesses

Micro Inks Limited, Vapi, Mar 1998 - Jan 2002Indian MNC listed on BSE with a subsidiary in US, a market leader in the printing ink, having turnover of INR 540 crores with industrial undertakings at Vapi, Daman and Silvassa

Manager – Accounts & Taxation

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Key Responsibilities:

Finalisation of Corporate Balance sheet and Profit & Loss Accounts in SAP Assisting Finance Head in raising funds for expansion of capacity and new plants Preparation of product wise & location wise profitability and cost analysis & monthly financial

statement Implementation of SAP, Developing various MIS Reports. Preparing Financials as per US GAAP and Reconciliation of Net Profit and Shareholders’ Equity

between Indian GAAP & US GAAP. Quarterly and Annual Audited results and Stock Exchange Compliances Handling independently the income tax and sales tax matters of the group Being abreast of the latest amendments introduced by the finance ministry, CBDT etc. and taking

suitable action for their implementation. Preparing Data for regulatory authorities and Anti-Dumping Investigations. Preparing details of taxation and legal matters for due diligence by prospective buyers

Key Achievements:

Commended by management for timely preparation of profit and loss accounts for publication of quarterly results

Successfully prepared the costing and pricing data for transfer pricing Successfully completed the sales tax assessment of various units and group firms for last eight years Achieved major cost savings in US Subsidiary by shifting back office accounting to India

Shri Natraj Ceramic and Chemical Industries Ltd. (Dalmia Ceramics), Jamnagar, Sep 1995 – Mar 1998

A leading manufacturer of Fire Bricks and Castables and part of Dalmia Cement Group, having manufacturing facilities at Jamnagar and Dalmiapuram

Head – Plant Accounts & Commercial

Key Responsibilities:

Preparation and finalisation of Balance Sheet and Profit & Loss Accounts of the Plant. Managing working capital limits, Day to day funds planning and Credit Management. Sales Tax Assessments and TDS administration. Overseeing the Procurement process, Material accounting and Payroll. Implementation of cost control measures and preparation of MIS for Plant reporting. Preparation and finalisation of annual plant budget

Key Achievements:

Successfully streamlined the MIS preparation process to complete the set of monthly MIS in second week of the month.

Implemented the computerization of Plant Accounts and achieved complete computerization three months ahead of the target date.

Commended for establishing systems and procedures for timely preparation of monthly and annual accounts in an effortless manner.

J. K. White Cement Works, May 1993 - Sep 1995A Division of J. K. Synthetics Ltd. engaged in manufacturing and marketing of White Cement

Accounts Officer

Key Responsibilities:

Sales Accounting of depots scattered all over India, Scrutiny and processing of Credit Notes, Development and preparation of MIS,

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Depot Stock and Funds management Financial accounting at Head Office

Key Achievements:

Successfully implemented the computerization of details of accounts for consolidation Achieved major savings in post-sales discounts by way of credit notes

PREVIOUS EXPERIENCE

B. D. GUPTA & CO., Kanpur, Asst. Manager - Audit 1992 – 1993 Handled assignments for Statutory Audits, Tax Audits and Internal Audits Involved in Management Assurance Audits and Systems Audits Financial Due Diligence works Finalisation of accounts in the light of the applicable Accounting Standards

EDUCATIONAL CREDENTIALS

C A (Accounts, Finance & Taxation), The Institute of Chartered Accountants of India, 1992

Company Secretary (CS), ICSI, 2004 #### LLB, Lucknow University, 1992

B. Com (Accounts & Taxation), 1st Class, Lucknow Christian College, 1989 Throughout First Class and all CA Exams passed in first attempts

I T Skills:

Proficient with the use of MS Office, Financial packages and Internet Applications Sound knowledge of SAP ERP and Oracle Financial Working knowledge of MSCRM Dynamics and Tally ERP

PERSONAL DETAILS:

♦ Date of Birth: 4th June 1969

♦ Passport Number: G3847974

♦ References: Available on Request.

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