Anil Chugh

ANIL CHUGH
Residence: + 91 11 45595757 ~ Mobile: + 91 9810184495
E-Mail: anilchugh1@yahoo.co.in

SENIOR FINANCE / COMMERCIAL PROFESSIONAL

A highly-energetic Chartered Accountant and Six Sigma certified from Honeywell Inc. with 25 years working experience in US/ UK Multinationals and large Indian companies having rich and quality experience in leading and managing the Finance, Accounts, Commercial, Supply Chain and Customer Support functions, currently working under the Chairmanship of Mr. Narayana Murthy (IT industrialist and the co-founder of Infosys) as Vice President (Finance & Resources) with Public Health Foundation of India.

Work Experiences
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Public Health Foundation of India Vice President Jan 2015 Onwards
(Chairman Mr. Narayana Murthy) (Finance and Resources)
(IT industrialist and the co-founder of Infosys) (Acting CFO)

Public Health Foundation of India (PHFI) is into Medical Research and Education (Rs. ~ 200 Crs pa), working with Govt. of India in Medical policy formation and implementation, imparting education in Public Health domain under the Chairmanship of Mr. Narayana Murthy (IT industrialist and the co-founder of Infosys). One of the largest organisation in India in public health domain having employee strength of about 1000 personnel spread all over India (Ahmedabad, Hyderabad, Bangalore, Bhubaneswar, Gurgaon, Shillong).

Job Responsibilities
 Member of Senior Management Team, assisting on policy formation
 Conduct of General Body, Executive Council Meeting, Finance Committee and Audit Committee meetings
 Assisting in new Donor large value proposals
 Performance review of six IIPH Centres (Divisions of PHFI) (Ahmedabad, Hyderabad, Bangalore, Bhubaneswar, Gurgaon, Shillong)
 Legal Compliances FCRA, Service Tax and Direct Taxes
 Finalisation of Balance Sheet for PHFI and IIPHG
 Statutory and Internal Audit function strengthening
 ERP implementation
 Budgeting, Forecasting and Cash flow monitoring
 Project Financing and recovery of costs from projects and Donor Reporting.
 Treasury and investment functions



Achievements
 Implemented ERP- ORACLE
 From Very difficult cash flow situation to reasonable cash Flow situation.
 Improved recoveries from project saved Rs 15 Crs and Rs 3 Crs by claiming service tax credit.
 Significant improvements in all key matrix of the organisation (Deficit reduction 5 times from earlier years, improvement in cost recovery, SLA)
 Monitoring of KPI on monthly basis.
 Closed three years Balance Sheets in 1 ½ years.

Great Eastern Energy Corporation Assistant Vice President Apr 2013 to Jan 2015
(Finance and Accounts)
Great Eastern Energy Corporation Ltd is into Oil and Gas Business in India, fist private company awarded contract by GOI to extract CBM Gas from 210 SQ KM area in West Bengal having assets over Rs. 1000 Crs for West Bengal coal block and its stocks are listed in London Stock Exchange. After the success of West Bengal, GOI has awarded a contract for 667 SQ KM area in Tamil Nadu also; investment for this project is under evaluation.

Job Responsibilities
 Arranging/ managing fund and non-fund based facilities from Bank (Rs, 800 + crs)
 Detailed Business case preparation for New Projects, with various scenarios and options.
 Finalisation of Balance Sheet as per IGAAP and IFRS
 Budgeting and Forecasting
 Rigorous MIS control on profitability, direct and indirect expenses, and key indicators.
 Legal and Company Secretarial Compliances
 Direct and Indirect Taxation.

Achievements
 Cleared SAP - back orders lying in the system from many years.
 Implemented minimum level stock and re-order level in SAP
 Arranging new lines of financing – Non Fund based and working capital
 Savings in Interest Cost.
 Healthy relation with 10 consortium bankers.

Mahindra & Mahindra Group Company - Defence Land Systems India

Chief Financial Officer 2009 to 2013
(Finance and Commercial functions)

Mahindra & Mahindra Group Company - Defense land System India Pvt Ltd which was a Joint venture between Mahindra & Mahindra and BAE Systems UK which is into manufacturing / development of high technology vehicles for Ministry of Defence. Now it is 100% subsidiary of Mahindra & Mahindra - Mahindra & Mahindra is an Indian multinational company and is a world Leader in Automobiles, it has a turnover of $ 16 billion having branches in more than 100 countries and having staff of more than 155000 people.

Job Responsibilities
 Finalisation of Audited Balance Sheet within 15 days from 31st March.
 Commercial - Involved in all vendor negotiations and core member of the procurement committee.
 Work with other M&M plants for buying the components at minimum mark-up and agree on long term agreements/ commitments.
 New project site and building construction.
 Detailed Business case preparation for large Projects, with various scenarios and options.
 Working Capital Management and Control
 Assisting CEO in all major decision. Member of the core management teams
 Conduct of Board Meeting (chaired by Mr. Anand Mahindra) with the JV partners (BAE Systems)
 Monthly Financial reporting to the Management and Board
 Budgeting and Forecasting
 Rigorous MIS control on profitability, direct and indirect expenses, Inventory turns and other key indicators.
 Direct and Indirect Taxation.

Achievements
 Long term Binding contract executed with other M&M plants and other vendors, which has given savings of average 20% to the Direct Cost.
 Implementation three modules of SAP- PP, QA and Costing
 Successful business conduct and healthy relations with Joint Venture partners - M&M and BAE Systems UK
 Arranged Term Loan and working capital loan from banks at competitive rate without any collateral security.
 Submission and winning of Commercial Bid for $ 12 billion opportunity- FICV.
 Sorted out old Excise Duty litigation issues and presented the case to the excise department to charge excise duty at reduced rate and got the order passed, lead to saving of 15%..
 Significant savings in Service Tax by rationalisation of contracts and arrangements.


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Penguin Books India Vice President Finance 2007 to 2009

Penguin Books is a UK based multinational company, this is a world Leader in Publishing, , this is a part of Pearson Group having a turnover of $ 8 billion having branches in more than 60 countries with staff strength of more than 30000 people, In India Penguin has joint Venture with Anand Bazar Patrika (ABP)


Job Responsibilities
 Finalisation of Balance Sheet
 Budgeting and Forecasting
 Working Capital Management and Control
 Treasury and Forex Management
 Credit Control
 Assisting CEO in all major decision. Member of the core management teams
 Conduct of Board Meeting with the JV partners
 Monthly Financial reporting to the Management and Board
 Rigorous MIS control mechanism on profitability, direct and indirect expenses, Inventory turns and other key indicators.
 Legal Compliances and Company Secretarial Compliances
 Direct Taxation.
 Strengthening of Internal Control System and processes

Achievements
 Recovered 40 million INR from customers by sorting out old reconciliation issues which were pending from more than five years.
 Implemented lot of process improvements and automated the same.
 Instrumental in resolving old major legal/ secretarial issues which was going on in the company from decades with the concurrence of existing employees.
 Enriched the jobs of the Finance Team, improved the morale and atmosphere in the department which improved the department productivity.
 Spearheaded the process of the Banking and Payment, Employee Reimbursement Process which saved the company with one headcount


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Honeywell International India Finance Controller 2001 to 2007

Honeywell International is a US based multinational company which ranks in the top 200 companies of the world which has turnover of $ 39 billion having branches in 86 countries and having 120000 employees. I had worked as Financial Controller for life Safety Business of Honeywell International India

Job Responsibilities
 Budgetary/ Cost Control and MIS
 Plant Accounting and Control
 Preparation and Finalisation of Final Accounts
 Additional Responsibilities of Commercial, Supply Chain, Customer Support, General Administration, Information Technology and Human Resource for System Sensor, Morley IAS and Notifier.
 Monthly reporting in HFM and Compliance to US GAAP and Sarbanes Oxley
 Monthly Review with India Office, Asia Pacific and US offices - Matix Reporting
 Banking & Funds Management
 Foreign Exchange & Imports
 Credit Control
 Customs & Excise and Service Tax
 VAT Compliance of three states ( Sales Tax)
 All Legal Compliance.

Achievements
 Spearheaded Honeywell International Life Safety project from the Green Field Stage.
 Successful Implementation of ERP (Baan) in the first year of operations.
 Revamped the credit policy and strengthen the credit control, was able to break the cartel of distribution network in India.
 Completion and appreciation by management for two Six Sigma projects - One in product packaging and other in opening of satellite warehouses across India, saved company $ 500 K
 Managed all Legal compliances and taken all new registration without any engagement of intermediates.
 Improved days of sales collections (DSO) by 40 days within two years and inventory turns by 400% in three years.
 Generated enough cash to support expansion projects from Internal Accruals.
 Supported System Sensor, Morley IAS, Notifier and Analytics in all respects.
 Handled additional responsibility of Customer Support, IT, Administration and HR.

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Apollo Tyres Ltd Manager Finance 1994-2001

Leading Tyres manufacturer In India having turnover of Rs.5000 Crores ($ 1 Billion)
Job Responsibilities
 Budgetary Cost Control and MIS
 Monitoring of All the Plant Accounts and consolidation at HO.
 Preparation and Finalisation of Final Accounts
 Banking & Funds Management
 Foreign Exchange & Import, LC negotiations
 Sales realisation, collections from 100 Branches and funds planning for all the plants
 In charge of Fixed Deposit Department – Dealing with public at large and Brokers
 Insurance of all properties, employees and claim settlement
Achievements
 Joined as Accounts Executive in 1994, got three promotions in 6 years
 Generation of MIS on Budget Vs Actual, always on time
 Finalisation of Audited Accounts in 45 days
 Due to implementation of good checks and controls into the system / process, not even a singly cheque had been returned by the banker due to any reason in seven years.
 Generation of Computerised Funds Position on daily basis
 Computerised Bank Reconciliation’s.
 Printing of Cheques from the Computer
 Saved Interest cost substantially by optimising the funds by Geographical/economical distribution of branches for remittance of funds to HO/ plants on the basis of their funds requirements.
 Synchronized work with more than 100 branches across country and reconciliation.
 Not even a single major query had been reported by the Statutory/ Internal Auditors.

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East India Hotels Accounts Executive 1992-1994

Leading Chain of Five Star Hotels in India and overseas - Oberoi Group
Job Responsibilities
 Review of Reports of hotels and release of exception report to management
 Maintenance of Books of Accounts for Oberoi Software (Division of East India Hotels)
 Insurances of all kinds, for all properties of Oberoi group of Hotels (world wise )
 All Employee related Insurance policy control and claim management.
Achievements
 Set up of accounts function in Oberoi Software
 Brought down the insurance premium by 25% by negotiations and claim ratio
 Streamlined the Insurance Claim procedures and process
 With regular follow up, got the claim settled for earlier years.

Article ship Training
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Organization: Sahni Natarajan and Bahl, New Delhi
Details: Statutory, internal, management and operational audits with specialisation in materials management for TATA Group of Companies
Academics
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Professional
 Chartered Accountant from the Institute of Chartered Accountant of India in 1992.
Other Academics
 B.Com. (Hons.) from Delhi University in 1986.
 Class XII- CBSE Board, Kendriya Vidyalaya, Tagore Garden, New Delhi –Year 1983
 Class X- CBSE Board, Kendriya Vidyalaya, Tagore Garden, New Delhi –Year 1981





Trainings Attended
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 Certified Six Sigma Green Belt (Honeywell Inc)
 Certificate Course in Computer Operations from the Institute of Chartered Accountant of India in 1992.

Other Programs attended
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 Program on Empowerment by Mr. Shiv Khera, Mr. Santosh Babu and Program on Leadership Skill by Mr. Anand David, Elena Agzar.
 Member of IMA and regular participant for the seminars of Assocham and FICCI.
 Attended course on IFRS from Institute of Chartered Accountants of India.

Personal Details
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Address: BF-4, Tagore Garden, New Delhi-110027
Date of Birth: 12th January 1965