Ajay Ranade

About Ajay Ranade

Finance professional with 19+ years of experience with last 12 years in leadership role- Exposure to working with diverse companies - multinational giants as well as domestic quasi start ups with founder driven/PE owned set up- Exposure to working in diverse service industries such as Logistics, Media, Real Estate PE, Telecom shared services, IT services & consultancy firms- Exposure to manage internal & external stakeholders across departments / hierarchies within the organization & customers, vendors, government authorities, auditors, consultants, PE investors, Global HQ- Exposure to manage large & diverse teams for Asia Pacific region (India,Singapore,Korea,Australia)- Partnering with CEOs for evaluating business strategies on international launch, M&A, investment deals, business relocation etc- Complete responsibility of financial accounting with AR / AP/ Asset accounting / Inventory, monthly book closure, group reporting & handling the auditors- Compliance with Indian GAAP & translation of financial statements as per IFRS in couple of stints- Ownership of formulating organizational targets & quarterly re-forecasts by liaising with Business & other heads & subsequent monitoring- Driving monthly business review meetings with HQ / PE Investor/ Board with management presentations on operational / financial performance metric, business trends- Monitoring of risks operational, financial, business, tax, economy - devising risk mitigation strategies- Income tax compliance & quarterly TDS returns, annual tax returns, tax audit, tax notices, handling tax assessments & appeals- Implementation of GST in current organization & monthly GSTR 1 & 3B returns filling for 5 state registrations & annual return GSTR 9. Continuously reviewing GST tax positions & ensure compliance- Formulating Group Transfer Pricing policy, determination of arm’s length price & subsequent compliance in couple of stints- Working capital management,managing DSO (collections) & DPO (payments), monitoring cash generation & investing surplus funds- Liaised with bankers for raising long term bank finance with ticket size of INR 100 mn - Experience of managing employee payroll includes processing salary, payslips, devising tax efficient salary structure, quarterly TDS returns, issuing annual Form 16- Implementation of SOX in current organization- Driving ERP & automation initiatives (Sage X3, Oracle, SAP), implementation of CRM system- Handled risk-based audits of listed corporate clients in audit stints in initial career span

Experience

1. Chief Finance Officer - Asia Pacific

   CRYOPDP

   Mar 2015 — Present · Mumbai, IN

   Finance Leadership role APAC (India, Singapore, Korea, Australia, Japan, Philippines)- Financial reporting as per the group calendar for APAC- Lead role in organizing con calls & conducting monthly business review presentations with group CEO- Partnering with Ops team on improving the gross margins through different initiatives- Worked on Acquisition of a target company (TCV (Temperature Controlled Vehicles) business) in 2021- Worked on increasing geographical footprint in India by setting up new offices - Liaised with tax & government authorities on multiple initiatives in different countries: a) Korean tax consultant – dividend of 200k Euros b) Singapore tax consultant - SG$ 2.7 mn & tax benefit of SG$ 450k overall tax loss carry forwardc) HSBC Regulatory team & RBI officers - GBP 1 mn Interco transaction regularization d) GST consultant in India – transition to Freight Forwarding model for tax optimization strategy e) Tax litigation in India for 3 AYs – Appeals in company s favourf) Japan tax authorities – VAT refund – US$ 350k for 3 yearsg)Philippines - for structuring a legal entity structure for entity rep office / branch / subsidiary h) Collaborated with group HQ & Ernst & Young for formulating a Group Transfer Pricing Policy - Worked on a forex hedging strategy for remitting GBP 960k to the UK & achieved savings of INR 6 mn- Managed treasury activities & generating incremental interest revenue of INR 5 mn annually- Managed the collection calls with credit control teams & achieved Average Collection Days (DSO) of 90 days as against previously 130 days thereby improving the overall working capital & cash generation by INR 60 mn annually- Pivotal role in managing due diligence audits conducted by Deloitte, Ernst & Young during M&A deals- Liaised with Deloitte (Internal Auditor) & Ernst & Young (External Auditor) for implementation of SOX controls- Worked as SPOC for driving annual target & monthly forecast exercise for 8 APAC entities

Education

• EY Academy of Business Polska

  Certificate in IND AS, Accounting and Finance

• University of Mumbai

  Bachelor of Commerce - BCom

• EY Academy of Business Polska

  Diploma in IFRS, Accounting and Finance

• EY Academy of Business Polska

  Certificate in US GAAP, Financial Reporting

• Institute of Chartered Accountants of India

  Chartered Accountant, Chartered Accountant

  1996 — 2000

• IATA Training

  Cargo Introductory Course

• Institute of Chartered Accountants of India

  Diploma in Information System Audit

  2003 — 2003

Skills

• Mis
• Auditing
• Business Strategy
• Management
• Financial Analysis
• Forecasting
• Budgets
• Finance
• Analysis
• Financial Modeling
• Ifrs
• Financial Accounting
• Erp
• Risk Management
• Team Management
• Direct Taxation
• Internal Controls
• Business Planning
• Transfer Pricing
• Indirect Taxation