Amit Shah

About Amit Shah

I am a Chartered Accountant with experience in group governance, intercompany finance and board-level reporting within large listed organisations.At Asian Paints, I lead a 5-member team managing intercompany accounting, eliminations and balance reconciliations across group entities. My role includes ownership of financial statements for a wholly owned subsidiary and close coordination with statutory auditors.I manage end-to-end Related Party Transaction (RPT) compliance, including detailed workings, regulatory disclosures and Audit Committee documentation. Beyond compliance, I conduct structured analytical reviews of procurement transactions involving related parties - benchmarking vendor pricing, analysing allocation patterns, evaluating premium payments and monitoring exposure thresholds to ensure arm’s length governance.I also drive intercompany recoveries (services, manpower, royalty), monitor overdue balances with provisioning assessments, and guide business units on financial discipline.In addition, I led the financial impact assessment of the new Labour Codes across the group, coordinated actuarial evaluations and presented the quantified impact to senior finance leadership.Beyond core responsibilities, I have contributed to executive remuneration benchmarking across peer companies, TSR analysis against market indices and long-term capital efficiency analysis to support performance discussions.Earlier at Reliance Industries, I managed large-scale RPT governance involving 1,500+ annual approvals and arm’s length certifications, working closely with business heads, auditors and Audit Committee stakeholders.I am particularly interested in roles at the intersection of governance, financial analysis and strategic decision support, with long-term aspirations in FP & A and strategic finance.Core Areas: Governance & RPT | Audit Committee Reporting | Intercompany & Consolidation | Financial Analysis | Regulatory Implementation | Stakeholder Management

Experience

1. Manager - Corporate Finance

   Asian Paints

   Sep 2025 — Present · Mumbai, IN

   Manage end-to-end Related Party Transaction (RPT) compliance including preparation of detailed RPT workings, SEBI LODR disclosures, Audit Committee notes and monitoring of materiality thresholds in line with Companies Act 2013 and Ind AS 24• Lead a 5-member team overseeing intercompany accounting, cost recoveries (manpower, services, royalty), elimination entries and period-end reconciliations across group entities• Perform analytical review of procurement transactions involving related parties by benchmarking order-level price quotes (related vs unrelated vendors), analysing L1/L2 allocation patterns, premium payments (>1%) and single-source dependencies to assess arm’s length compliance• Monitor concentration risk by tracking percentage exposure of procurement value to related parties against internally defined thresholds and escalate deviations• Prepare intercompany service and royalty agreements; coordinate with arm’s length pricing auditors for quarterly certification• Oversee end-to-end financial statement preparation of a subsidiary including deferred tax computation, MSME disclosures and statutory audit coordination• Execute intercompany balance confirmation, ageing analysis and Expected Credit Loss / PBDD assessment for overdue exposures• Led financial impact assessment of new Labour Codes, analysing revised wage definitions for gratuity and leave encashment obligations; coordinated actuarial valuations and quantified incremental liability impact• Conducted 10-year ROIC trend analysis through component-level capital employed; performed TSR benchmarking against Nifty index for executive compensation evaluation• Executed peer benchmarking of MD/CEO remuneration across ~20 listed companies, analysing ESOP structures, deferred compensation mechanisms and performance-linked pay metrics• Conducted plant-level review (Ankleshwar) to evaluate process controls and identifed cost optimisation opportunities within contractual arrangements

Education

• D.A.V Public School, Chiria

  All India Secondary School Examination(AISSE), GENERAL

  2011 — 2016

• St. Xavier's College (Autonomous), Kolkata

  Bachelor of Commerce - BCom, Accounting and Finance

  2018 — 2021

• The Institute of Chartered Accountants of India

  Chartered Accountant, Business/Commerce, General

  2018 — 2023

• Institute of Cost Accountants of India

  Cost and Management Accountant, Commerce

• Vikash Residential School, Bargarh

  All India Senior Secondary Certificate Examination(AISSCE), Business/Commerce, General

  2016 — 2018

• The Institute of Company Secretaries of India

  Company Secretary, Company Law