Sanket Shah
Chief Financial Officer @Eskay Speciality Chemicals
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WORK HISTORY
Chief Financial Officer @Eskay Speciality Chemicals
Mumbai, Maharashtra, India
• Heading an 8 member team responsible for Finance, Banking and Accounts. • Financial planning, cashflow management and budgeting (with growth focus) for companies with annual revenue of Rs. 375 crore+ • Preparing monthly cashflow projections and daily financial position reports for Management review • Reviewing and presenting Monthly MIS, quarterly financial review and Annual Financials to the Management • Treasury Management for generating optimum risk adjusted returns • Financial Risk Management by continuous liquidity monitoring, ensuring timely collections & payments, ensuring adequate insurance to cover all types of risk involved in daily operations • Forex Risk Management by creating & executing forex hedging strategy • Handle Banking relationships and FEMA related compliance for Exports and Imports. • Negotiating with bank on working capital limits, charges and borrowing cost to ensure maximum saving on finance costs • Exploring and implementing a variety of funding structures for optimizing borrowing cost • Part of the Management team responsible for regularly reviewing company performance and defining the company strategy. • Drive multiple strategic initiatives like Acquisitions, Fund Raising, Strategic Partnerships and related Legal Documentation • Implemented cost-saving initiatives and productivity tools, including streamlining of internal audit procedures and maintain financials control to grow business operations and boost profits • Created common operating metrics for both plants of the company that led to improved accountability for operations and cost saving. Projects Undertaken: • Acquisition of Samrat Remedies Limited and Chaitanya Life Sciences: Played key role in Financial Due Diligence of the companies, preparing valuation analysis of the companies acquired, Finalization of Agreements and on structuring of the acquisition. • Planning and implementation of ERP: Played key role in planning, requirement gathering and implementation of ERP
Deputy General Manager @EMC Ltd.
Mumbai Area, India
Role: • Part of the Strategy & Corporate Affairs Group of the Company, • Prepare Financial Analysis –financial model, NPV and IRR analysis, Valuation analysis for Acquisitions & Fund Raising activities • Handle Relationship with EXIM Bank & ECGC • Handled Project Finance under BCNEIA and Line of credit from EXIM Bank and other financial institution for Mali and Laos Bids • Handled Commercial insurance backed project finance for issuing Performance and Advance Bank Guarantee from banks for Tanzania and Mali Project • Key member in setting up working capital financing for joint ventures and overseas projects of the company • Drive multiple strategic initiatives like Acquisitions, Raising Funds, Setting up Overseas Subsidiaries, New Business setup, Investor Relations, preparing and vetting agreements, MOU's • Team member, Strategic positioning team responsible for revamping website, conceptualizing the Annual Reports& Marketing Material • Handle Banking relationships and FEMA related compliance regards to Exports and FDI • Team Member responsible for setting up & execution of International business for the company Projects Undertaken: • Delisting of Company from Calcutta Stock Exchange: Played vital role in understanding the delisting process, assisting in strategy preparation, compliance and galvanizing shareholder support across India. • Setting up EMC WEST ASIA DMCC (subsidiary company) in Dubai: Primarily responsible in setting up the subsidiary and deputed there for business setup from December 2013-Feb 2014.
Research Associate @Sushil Financial Services Private Ltd.
• Assisted Equity Analysts tracking Midcaps& Power ancillary • Prepared, maintained and updated financial models for the companies in sectors under coverage • Assisted in conducting research, meeting senior management executives, making financial projections, preparing initiating coverage reports and updating results & events. • Analyzed companies with upcoming IPO’s & prepared IPO Note stating the recommendation
Management Trainee @FinGyan Services
Conducted Market Analysis of Financial Education and Investment Advisory businesses Recommended location and target audience for the venture Designed curriculum of various courses on Finance Conducted sessions on topics like, equity valuations, derivative basics etc Designed and conducted financial planning workshop for IT professionals
Summer Project @HU Consultancy Pvt. Ltd., Pune, INDIA
Analysis on corporate restructuring Studied corporate restructuring, its reasons, methods and procedures followed in India Analyzed Ballarpur Ind. Ltd's restructuring process from Promoter's & Share Holder's perspective
Concurrent Project @Pidilite Industries Ltd.
In collaboration with students from Johnson School Of Management, Cornell University, USA analyzed diversification opportunities for continued growth and made recommendations
Business/System Analyst @Reliance Communication Ltd.
Role: • Responsible for proposing solutions to suit business requirements and prepared high level design documents, Architecture documents& SRS (System Requirement Specification) • Responsible for Identifying and Defining Business Processes for Service Delivery Planning, Sales, Customer Care, Billing and Collections Projects Undertaken: • Payment Service Gateway: Automating payments received through various payment modes • Internet Protocol Television: Analyzing Middleware and Content Management System (CMS) and preparing RFP (request for proposal) for Middleware & CMS
EDUCATION
K. J. Somaiya Institute of Management Studies & Research
PGDM · Finance
KC Law College
Bachelor of Laws (LL.B.) · Law
SKILLS
ABOUT SANKET SHAH
• Detail-oriented professional with 15+ years of combined experience in Telecommunications, Financial Service, Power, Specialty Chemical and Pharma sectors. • Presently associated with Eskay Group, Mumbai as Financial Controller working on Financial Management & Strategic Initiatives of the company. • Highly regarded for leadership and specialized excellence in all areas of Finance with the ability to examine and understand business needs and deliver comprehensive results while exceeding stringent expectations. • Dynamic & proactive approach in successful organizational development initiatives that delivers consistent & sustainable revenue & profitability while enhancing overall efficiency of the organization. • Accustomed to managing multiple projects simultaneously in fast-paced, deadline-driven environments. Strong collaborative skills with experience working in a team environment, able to work effectively alongside individuals from diverse backgrounds. • CORE COMPETENCIES : Corporate finance, Financial Analysis, Banking Relationships, Treasury Management, Project Finance, Business Analysis, Budgeting, Internal Control Management, Variance Analysis, Cash Flow Projections & Management and Strategic Initiatives
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