Deepak MahajanDeepak MahajanPhone: +919876631304 Phone: +919876631304

E-Mail: demahajan2013@gmail.comE-Mail: demahajan2013@gmail.com

PROFESSIONAL SYNOPSIS

A Professional with over 25 years of experience in Strategic Financial Planning & Control , Project Financing, , Budgeting & Forecasting , Merger & Amalgamation , Joint Ventures , Restructuring , Business Plans & Financial Modelling , Private Equity, Treasury , Trade Finance , Working Capital Management, , Risk Management , Insurance , Transfer Pricing , Direct & Indirect Taxation , Credit Rating , Internal Controls & Audit, Commercial, Legal & Secretarial Functions in the Engineering, Automotive, Pharmaceuticals, Textiles, Poultry , Telecom & IT/ ITES Sectors.

CORE COMPETENCIES Raised Funding of $ 100 Million thru Banks / Financial Institutions. Reduction in Cost of Finance thru various financial products & initiatives. Raised Funds worth $ 17 Million thru Private Equity. Conducted Feasibility Study & negotiations to determine financial viability for new Projects . Valuations & Financial Modelling for Mergers & Demergers. Average Annual yield of more than 25% in Treasury operations by various Financial Products mix . Working Capital Management , improvement in operational margins & reduction in operational / admin costs. Pivotal in successful opening of Trading Verticals in India & Overseas. Pivotal in successful formation of Joint Ventures with Overseas & Domestic Companies. Initiated & Received $ 1 Million as Insurance Claim against damages suffered during Cyclone “Thane’’ in December 2011 at Cuddalore. Pivotal in successful setting up of Internal Audit Department in various domains..Coordinating Legal Cases for Civil , Commercial & Criminal Issues.

NOTABLE ACHIEVEMENTS

As Chief Finance Officer at IDS Infotech Limited , Chandigarh ( IT & ITES ) from Dec 2014 onwards

Raised Debt of $ 6 million & Savings of $150 k in Treasury. Successfully settled Income Tax including Transfer Pricing ,Secretarial & Legal Issues . Reduced Operative & Administrative Costs by $ 300 k p.a. thru realignment of resources . Savings of $ 100 k in Direct Taxes with Subsidiaries. Recovered $ 250 k from old Receivables . Significantly improved Risk Management. Pivotal in successful setting up of a JV at Bangladesh.

As Chief Finance Officer at Winsome Yarns Limited , Chandigarh ( Textiles & Garments) from May 2013 to Nov 2014 Initiated steps to improve Working Capital and Cash Flow of the Company with ensuring liq-

uidity for smooth Business functioning . Initiated purchase of Electricity from Open Access resulting in savings of $ 60 k per month. Visited West Africa ( Ghana ) for 4 months for initiating Trading vertical in Africa. Proactive approach for better Product & Location Mix to get higher Contribution & early Col-

lections . Successfully initiated procurement of Raw Material at much improved Terms by increasing ac-

tive Suppliers from 2 to 8 .

As Chief Financial Officer at Vardhman Chemtech Limited , Chandigarh ( Bulk Drugs, Intermediaries & Fine Chemicals ) Jan 2009 to April 2013

Mobilisation of increase in Total Credit Lines from $ 6.5 Million to more than $ 90 Million. Conducted Feasibility Study to determine the Financial Viability of a new Project for purchasing a Pharma Unit (SPIC) at Cuddalore (TamilNadu) from ARCIL. Successful Mobilisation of Private Equity Investment of $ 12 Million from Piramal Group. Recovered more than $ 750 Thousand thru Legal initiatives & consistent follow up from very old Receivables. Initiated & Received $ 900 Thousand as Insurance Claim against damages suffered during Cyclone “Thane’’ in December 2011 at Cuddalore(Tamil Nadu ) .

As Head – Finance & Accounts at J.C.B.L. Limited , Chandigarh ( Engineering , Automotives , Auto Anciliary , Pharmaceuticals) from Nov 1999 to Dec 2008

Funds Mobilisation of more than $ 2.5 Million from Banks & significantly reduced the Cost of Finance from 15.83% in 2000 to 9.4% p.a. . Successfully reduced the Cost of Inventory & Receivables by more than 40%. Inventory Carrying Period reduced from 90 days to 40 days & Receivables Holding Period from 45 days to 25 days. Played a Pivotal role in successful start of Trading Vertical for Toyota Vehicles . Pivotal in successful formation of Joint Venture for Body of Luxury Buses with Xiamen Kinglong Automotive China , for Body of Tippers with Marrel France , for Seats with APM Malaysia and for Suspensions with Chalmers Canada . Conducted Feasibility Study & Negotiations for successful purchase of a Pharmaceutical Company at extremely attractive Terms . Successfully closed the Private Equity Investment of $ 5 Million at very Attractive Terms. Efficiently handled the Treasury Operations, which yielded an average return of 40% p.a. against the target of 15% p.a. for consecutive Seven years. Nominated as Director in 5 of the active Group Companies.

At Hutchison Max Telecom Limited , Ludhiana (Telecom Services Provider) as Manager Finance & Administration from Jan 1997 to Oct 1999

Distinctively reduced the percentage of ‘FOC’ / Complimentary Connection from 6.7% to 0.7%. Recognised for being the first Branch among Twelve other Branches to deliver positive ‘EBIDTA’ due to strong Financial discipline and Control. Efficiently reduced the Rates / Cost for Advertisement, Printing & Stationery & Rental Cost of Towers by more than 50%. Strict monitoring and implementation of the Disconnection Policy resulted in ‘NIL’ Debtors against Subscription.

As Senior Manager Finance & Internal Audit at Trident Limited , Ludhiana ( Textiles & Paper) from July 1993 to Dec 1996

Pivotal in setting up Highly Effective Internal Audit Department. Was selected to Lead Accounts Team for New Project of Terry Towel worth $ 40 Million in 1996. Actively involved in Deferment / Cancellation of Capex Plans by initiating Optimum Utilisation of Existing Production Machines & Other Fixed Assets.

As Internal Audit Officer at Venky’s India Limited , Pune (Poultry & Animal Health Products) from June 1989 to June 1993

Proved instrumental in initiating the Maintenance of Raw Material Purchase Register which resulted in Huge Savings & Financial Discipline. Strict Monitoring of Compensation Policy resulted in the Reduction of Compensation of Chicks from 13% to less than 3% .

PROFESSIONAL MEMBERSHIPS Member of the Institute of Chartered Accountants of India.

QUALIFICATION

B.Com. (Hons.) in Banking With First Division from Punjab University, Chandigarh .