CA Mitul Sanghani

Thought leadership.

• Crafted and maintained a performance-driven culture, recognising and rewarding top talent.
• Directed cross-functional teams to deliver projects on time, within budget, and to specification.
• Collaborated with senior management to understand needs, successes and failures of existing strategies.
• Implemented the culture of proactive risk management, early warning systems, to minimise operational blockers, and ensuring best governance practices for all stakeholders.
• 360-degree stakeholder management by aligning their respective interests.

Financial Operations and Reporting.

• P&L rolling forecast modelling and management, with 90% accuracy.
• Implementing financial policies and improvements in DSO, DPO management.
• Benchmarking key financial policies against industry standards for efficient and strong governance management.
• Commercial finance, pricing, building up commercial structures, and deals for business growth.

Business Operations and Strategy.

• Business planning and strategy development for the launch and growth of the business.
• Annual operating plan, budget management and control, and direction to business for investment strategy.
• Implementation of ERP, CRM, analytics systems, and automations for efficiency and decision-making.
• Monitored and reported on key performance indicators, providing actionable insights for continuous improvement.
• Analysed market trends to identify new business opportunities and areas for innovation.
• Oversaw product development lifecycle from concept through to launch, ensuring competitive edge.
• Designed and executed strategies to improve current policies and regulations.
• Evaluated financial proposals to determine required resources and allocations for projects.
• Managed annual budgets exceeding £5 million, optimising resource allocation across departments.
• Analysed market trends to inform strategic planning and maintain competitive edge. Set up the framework for the Total Addressable Market and long-term goals for business growth.

Financial Reporting and Compliance.

• Planning and implementing Ind AS conversion from I GAAP and US GAAP. Build the consolidation model for stakeholders' reporting. Implemented the monthly closing process, aligned with RIL group reporting practices. Aligned policies and reporting practices with the parent company's policies.
• Planning the budgeting process, the mechanism for the monthly budget vs actual model, and addressing key variances to the relevant stakeholders. SPOC for various decision-making roles, along with organisational transformation.
• Business and commercial planning, including content, hosting, and other platforms. Dealing with the business and commercial teams for finalising the ROI, spending budget, and forecasting.
• Benchmarking financial reporting practices across the industry and presenting the best governance standards in investors' reports.
• Implementation of key matrix, business plan, and MIS for business and management reporting. Driving a team for the new initiatives in learning and development to enhance efficiency and automation.

Managing and executing the corporate reorganisation.

• Key member of the transition team in planning, implementing, and executing the Jio Music acquisition and integration of transaction valuing $ 1 Bn. Understanding and analysing stakeholder mapping to smooth the transformation.
• Reorganise the structure from the US holding to the India holding. This ensures seamless implementation and integration with the parent entity in India.
• Leading and building the tax strategy, planning, compliance, and cross-border transaction management for tax efficiency.

• Monthly and Annual closing of Financials statement for India and US GAAP compliance

• Ind AS implementation – Independently driven the project of I GAAP to Ind AS convergence, first time adoption and impact analysis of FS. Front end discussion and co-ordination Ind AS project with Auditor
• Significant customer contract analysis for revenue recognition and cost accrual
• Impact analysis and planning of GST implementation to optimize the compliance and changed process of invoicing, Input Tax Credit etc.
• Vendor management, negotiation and commercials closure to optimize the cost and improve profitability
• SPOC for the tax authorities. Assessments, hearing, representation, follow up for refund and other compliance
• Build and established the management reporting function which includes the Monthly and quarterly MIS with comprehensive analysis of key revenue drivers, overall profitability, cash-flow, working capital.
• Rolling forecast and budgeting viz a viz actual vs budget tracking, performance evaluation on business drivers
• Commercials discussion and pitch to the prospective clients along with the overall models, projection and cost benefit analysis for deploying the loyalty program which includes negotiation on pricing and commercials.

• Managing the private equity fund of $ 300 Mn for India investments
• Designed and implemented the IFRS reporting packs and tools for SPV’s for investor reporting
• Impact analysis of new IFRS standards on SPV’s business for disclosure, recognition and measurement
• Preparation of SOP’s, Manuals and reviews for the individual process for ERP implementation
• Preparation of rolling budgets for 8 Quarters, actual vs variance analysis and review of business plan.
• Fund raising for the project loans, LRD renegotiation proposals and group company fund management
• Budgeting, project & investment valuations, forecasting, and other financial analysis.
• End to end revenue and receivable cycle, Revenue MIS, collection, DSO, and ageing analysis.
• Vendor and payables management along with the cash flow planning for the holding company (for IPF & TCGUIH)

• Statutory Audits, Limited Reviews and US GAAP of Tata Communication Ltd.
• Voice segment- Review of Revenue, Receivable & payable, provisioning, analytical.
• Treasury – Review and audit of Finance Cost, Interest Income, Hedge, Borrowings, Investments
• Fixed Assets – Testing of Fixed Assets, Capitalization, CWIP, Depreciation & Disposals
• Certification of Derivatives exposure for RBI regulation compliance and DOT Compliance certification