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Jamshed Jussawalla CFO, Mastek
 
Jamshed Jussawalla's Profile
Jamshed Jussawalla
CFO, Mastek
Mastek
confidential
confidential
Mumbai, India
Toostep 
Professional summary
Jamshed Jussawalla's Experience
Current :

CFO, Mastek
IT Services
India, Mumbai

Working from 1997

Brief summary :

A Finance professional with 30 years of experience in the areas of Finance, accounts, Budgeting, Taxation, M&A, Investor Relations, etc

Previous :

Chief Financial Officer, Company Organisational Facets
Mumbai

Worked from 1997 to 2012

Brief summary :

ght a disciplined approach to the Commercial function of the Company Organisational Facets From Jun `97 -till date as Chief Financial Officer with a reputed Mumbai based IT Solution Group having operations in Europe, USA and Asia Pacific Key Deliverables Strategic Financial Planning Leading finance function involving determining financial objectives, designing and implementing systems, policies and procedures to facilitate internal financial control. Formulating business plans / strategies for maximizing profitability and revenue generation and realise organizational goals. Effective utilisation of ERP and other software for enhancing operational efficiency Fund Sourcing and Budgetary Control Fund raising from Banks and Financial Institution for Working Capital, Acquisitions and Capital Expenditure requirements from time to time. Formulating budgets and conducting variance analysis to determine difference between budgeted and actual results and implementing corrective actions. Accounts and MIS Timely preparation of monthly and Annual financial statements and ensuring compliance with Indian, US and IFRS Accounting Standards. Responsible for preparation of monthly MIS reports and provide feedback to top management on financial performance, viz, fund management, cost control, credit control, profitability, etc. Auditing/ Statutory Compliance Finalising Financial Statements as per Accounting Standards of various countries and getting the same audited. Ensuring compliance with Tax laws of various countries. Commercial Functions Review of Contracts to be entered into with customers Ensuring Orders are booked as per the desired Margins Negotiating and finalizing contracts with suppliers for Capital and Revenue Expenditure projects. Secretarial Functions Managing Board Meetings as required under Companies Act involving issuance of notices, drafting agenda, recording minutes and preparing annual reports. Managing procedural formalities pertaining to amendments in Memorandum and Articles, filing of Statutory Forms/Returns with the Registrar of Companies, formation of Companies, name change etc, in compliance with various statutory obligations. Legal Affairs Appointing and maintaining sustained contact with legal professionals for initiating and follow-ups on legal procedures. Drafting and vetting legal documents including Memorandum of Understandings, Indemnity Bonds, Undertakings, Customer Contracts, Property Agreements, Power of Attorneys, etc. Advising Chairman for issues relating with trade and industry bodies concerning the Industry. Notable Accolades Led a team of 28 professionals, both in India and overseas and successfully accomplished Finance, Accounting, Taxation, Commercial, Planning, legal and secretarial functions of the Group Displayed expertise in improving Working Capital Management which resulted in transitioning the Group from a perennially cash starved position to a Cash rich position. Introduced and implemented a detailed Operational and Capital Budgeting, Quarterly forecasting and Monthly Management Reporting system. Successfully structured overseas operations to curtail Tax charges Played a key role in establishing Joint Venture with a leading Consulting firm and Partnerships with International Software Companies. Played lead role in Acquisition of Overseas software Companies, arranging funding for the Acquisitions and seamlessly integrating the same with the Acquiring Company. Independently handled major Capital Expenditure projects and ensured that their completion within budgeted costs Played key role in review of Customer Contracts and ensure the contracts were finalizes as per the desired Gross Margins Took key steps for ensuring adherence to Tax and legal compliances and completion of statutory audits as per Indian GAAP and US GAAP. Exhibited brilliance in utilising SAP ERP for Finance Function across the Group In-depth variance analysis between actual and budgeted expenses and presenting to the CEO together with suggestions Introduced and implemented Risk Management System and periodic reporting to the Board of Directors. Presentation of the Groups quarterly performance to the Audit Committee and the Board of Directors and highlight the key challenges faced by the Group Pro-active management of Forex exposures and investment of Surplus Funds Distinction of acting as Key Member of Senior Leadership Team reviewing monthly performance of Business units, formulating growth strategies, etc. Brilliantly managed Investor Relations activity by updating investors of happenings in the Group by periodic communications and individual meetings with investors in India and overseas

Previous :

General Manager-Finance, Zensar Tech
IT Services
India, Mumbai

Worked from 1987 to 1997

Brief summary :

Handled all the areas within the finance function, covering Accounting, Commercial, Taxation, etc

Previous :

Zensar Technologies Ltd

Worked from 1987 to 1997

Brief summary :

Acted as Member of team formed for discussing Governance, pricing and other financial issues with prospective customers Previous Employments Nov `87 - May `97 Zensar Technologies Ltd

Previous :

General Manager, Rallis Ltd
India

Worked from 1982 to 1987

Brief summary :

Joined as Manager - MIS, and rose to General Manager-Finance with a team of 30 Finance and Accounting professionals. Handled Fund Raising, Forex management, Working Capital Management, Budgeting, Management Accounting, Commercial, Contract vetting, Taxation and auditing.. Jun `82 - Oct `87 Rallis India Ltd

Previous :

Management Accountant, Voltas Limited

Worked from 1980 to 1982

Brief summary :

Joined as Internal Auditor. Conducted financial and operational audits at regional sales offices and factories. Later, as Management Accountant, managed the Planning, Budgeting, Monthly reporting and function of the company. Aug 80- May 82 Voltas Limited

Jamshed Jussawalla's Education

Institute of Chartered Accountants of India
CA
India
From 1976 to 1979
Brief summary :

I am a Chartered Accountant and Company Secretary by Qualification

 
 
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