Om Prakash Lohia

About Om Prakash Lohia

Member of the Institute of Chartered Accountants of India (ICAI) My capabilities and…

Experience

1. Head - Finance & Accounts

   Crescent Foundry

   Aug 2015 — Present · Kolkata, IN

   Fostered multiple cross-functional collaborations across Finance & Accounts, Exports Documentation team, Logistics, Sales and Marketing, etc. to drive significant improvements in all Receivables like Debtors and Export Incentives - duty drawback, licenses, and IGST refunds. The result is debtors days sharply reduced by 21 days.• Successfully represented the organization with the European Commission for Anti-dumping investigation initiated on Indian and Chinese entities, Awarded zero Anti-Dumping duty, against 42% on China, resulting in a 30%+ increase in Sales.• Proven track record of successfully recovered old over-dues and written-off bad debts. Played a key role in negotiations of Ocean Freight, clearing and forwarding charges, and cost of transportation and achieved significant savings of more than ₹1 crore annually.• Fostered collection of incentives within record time without support of any agency enabling company to save of ₹2+ crores annually. Charted two share buybacks and distribution of annual dividends.•Spearheaded coordination with Banks, Insurance, Customs, tax authorities, Auditors, ECGC and Trade bodies. Played a pivotal role for Working Capital and Term Loans of ₹300 crores from banks without collateral security.•Conceptualized robust MIS mechanism and Governance including Sales Analysis, Product and Activity costing across plants. Order and invoice-wise profitability and quarterly in depth review of financials to facilitate critical decision-making processes of the company.•Finalized reports on annual and periodical budgets, variance analysis of operating and capex budgets, Costs, and Profitability. Played a central role in monitoring divisional Cash Flow, Balance Sheet, and Profitability Projections.•Successfully supported due diligence, feasibility study, cost-benefit analysis and compliance requirements to establish a wholly-owned foreign subsidiary in Singapore and initiated another WOS in the USA.•Managed team size of 50+.

Education

• Institute of Chartered Accountants of India

  Chartered Accountant