Mukthar

About Mukthar

With over 15 years of expertise in finance and contract management at Bharat Heavy Electricals Ltd.(BHEL), I have successfully driven financial excellence, strategic decision-making, and operational efficiency in large-scale infrastructure projects. My role extends beyond financial oversight to cash flow optimization, contract negotiations, compliance, and cost control, ensuring long-term financial sustainability.Currently, I lead financial operations for the 2x660 MW Ennore SEZ Project (₹2,771 Cr.), managing financial strategy, risk assessment, contract administration, and liquidity management. Over the years, I have contributed to multiple high-value EPC and BTG projects, aligning financial strategies with execution timelines. My expertise in financial planning, vendor negotiations, and strategic cost optimization has consistently added value, ensuring smooth project execution.A key strength lies in contract negotiations and vendor management, securing GST amendments that led to substantial cost reductions. I have successfully handled arbitration and financial dispute resolution, safeguarding organizational interests while ensuring compliance.Beyond financial management, I have a strong foundation in International Taxation and Transfer Pricing, backed by my Advanced Diploma in International Taxation (ADIT). Having completed modules in Principles of International Taxation and Transfer Pricing, I possess expertise in OECD Model Tax Convention, BEPS projects, and Double Taxation Avoidance Agreements (DTAAs). This enables me to optimize cross-border transactions, ensure compliance with international tax laws, and manage global tax structures effectively.I have deep expertise in IFRS, indirect taxation, corporate finance, and financial analysis. Leading high-performing teams, I have successfully driven revenue and profitability targets while ensuring financial governance and compliance. My skills in working capital management, financial risk assessment, and Management Information Reports (MIR) have enhanced financial transparency and decision-making.In today’s financial landscape, digital transformation and automation are key drivers of efficiency. I am keen on leveraging AI-driven financial analytics, predictive modeling, and automation to enhance financial strategies and cost optimization.Looking ahead, I aspire to contribute to multinational organizations, leveraging my expertise in global finance, taxation, and strategic management to optimize financial performance and drive long-term sustainability.

Experience

1. Senior Finance Manager

   Bharat Heavy Electricals Limited

   Jun 2025 — Present

   Represented the organisation in GST demand proceedings, successfully defending the entity’s position before authorities and resolving the matter in favour of the company, resulting in potential cash savings of approximately ₹178 Crores.• Handling major arbitration and dispute resolution matters, assessing financial implications and claims with an aggregate exposure of around ₹675 Crores.• Responsible for financial vetting and approval of erection and supply contracts within the delegated authority limit of ₹25 Crores per contract, overseeing contracts with a total awarded value of approximately ₹545 Crores.• Managing working capital planning and monitoring, ensuring optimal cash flow management and financial discipline for large-scale project execution.• Preparing project budgets, financial forecasts, and cost assessments at various stages of project execution to support strategic decision-making.• Member of the Provident Fund (PF) Committee, participating in decisions relating to PF investment strategy and fund management.• Leading initiatives in system development and process automation to enhance efficiency and strengthen internal financial controls.• Overseeing consolidation of divisional accounts and preparation of financial reports, ensuring compliance with applicable accounting standards and financial reporting requirements.

Education

• ACCA

  Diploma in International Financial Reporting Standards, Accounting and Finance

• The Institute of Company Secretaries of India

  CS, Corporate Secretaryship

• Periyar University

  Bachelor of Commerce - BCom, Finance & Taxation

• Chartered Institute of Taxation (CIOT)

  ADIT, International taxation

• Institute of Cost Accountants of India

  CMA, Accounting and Finance