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Vishnu Upadhyay Head/VP/GM-Project Finance, Topworth Group of Companies
 
Vishnu Upadhyay's Profile
Vishnu Upadhyay
Head/VP/GM-Project Finance, Topworth Group of Companies
Topworth Group of Companies
confidential
confidential
Mumbai, India
Toostep 
Professional summary
                                                
Vishnu Upadhyay's Experience
Current :

Head/VP/GM-Project Finance, Topworth Group of Companies
Steel

Working from 2008

Brief summary :

Corpaorte Finance, Project Financing-Green Field and Expansion, Fund Management Long Term and Working Capital at Multi Units. PE, M & A.

Current :

Head/VP/GM-Project Finance, Topworth Group of Companies
Steel

Working from 2008

Brief summary :

Corpaorte Finance, Project Financing-Green Field and Expansion, Fund Management Long Term and Working Capital at Multi Units. PE, M & A.

Current :

Topworth Group Of Companies , Ceejay House , Worli ,
Mumbai, MUMBAI

Working from 18

Brief summary :

Topworth Group of Companies, Ceejay House, Worli, Mumbai 400 018. Finance Controller August 2008 to till date. Responsible for all the financial and commercial activities Financial Planning and Budgetary Control . Determining financial objectives, designing and implementing systems, policies and procedures in consultation with top management to facilitate internal financial control. . Designing business plans / strategies for maximizing profitability and revenue generation and realise corporate goals; spearheading business process re-engineering initiatives. . Formulating budgets and conducting variance analysis to determine difference between projected and actual results and implementing corrective actions. Accounts, Costing and Statutory Compliance . Designing and implementing accounting systems and procedures; supervising the timely preparation of statutory books of accounts and finalisation of group accounts. . Establishing strategic cost management systems / techniques for determining product costs; monitoring various overheads and achieving maximum cost control in operations. . Compliance with the relevant provisions of Income Tax and Company Law matters. . Ensuring Statutory Compliance, Taxation etc. Fund Raising, Disbursement and Management .Co-ordination for Banking and Credit Monitoring Arrangements (CMA) data. .Co-ordination for Detailed Project Report for an Expansion and Green Field Project till Financial Closure. .Proposal with the banks for Fund Raising and co-ordinating for disbursement. . Liaising and negotiating with banks for raising fund and non-fund based facilities at favourable terms to meet working capital and project requirements. . Monitoring the inflow and outflow of funds and ensure optimum utilisation of available funds towards the accomplishment of organisational goals. . CAPEX and OPEX monitoring, variance and corrective actions. MIS . Evaluating and adapting systems and procedures with a view to ensure smooth functioning of finance and accounting operations across the organisation. . Supervising the preparation of MIS reports to provide feedback to top management on financial performance viz, fund management, cost control, credit control, profitability, etc. . Handling imports and exports documentation. Ad hoc assignments of the top management. Reporting MD/CMD. Zoom Developers (P) Limited (Metals and Minerals), Gurgaon, Delhi/NCR.

Previous :

Group CEO, Zoom Developers P Limited
Gurgaon

Worked from 2009 to 2011

Brief summary :

Topworth Group of Companies, (RS 4,500 CR Turnover) Finance Controller July, 2009 to November, 2011. Responsible for all the Management and Financial activitiess Corporate Finance and Control Financial model for Brown and Green Field Projects. Analysis for viability of projects and recommendations. Arranging funds (equity/ debt) for operating companies as well as new projects. . Credit Monitoring Arrangements (CMA) data. . Detailed Project Report for Brown Field and Green Field Project. . Co-ordination with the credit rating agencies. Manage all activities pre-post financial closure. Prepare, Monitor and ensure cash flows, fund flows, profitability statements. Monitor multiple projects with respect to cost and time parameters; review deviations and indicate the critical path risk and impact to the company; decide and advise on the possibility and methodology of risk coverage for the deviations. Conduct financial analysis of similar companies and / or projects for benchmarking Ratios and performance tracking. Screening new projects to determine the financial viability of new ventures projecting cash flow and growth opportunities . Liaising and negotiating with banks and FIs for raising fund and non-fund based facilities at favourable terms to meet working capital and project requirements. . CAPEX and OPEX monitoring, variance and corrective actions. Strategic Planning and Control . Determining financial objectives, designing and implementing systems, policies and procedures in consultation with top management to facilitate internal financial control. . Designing business plans / strategies for maximizing profitability and revenue generation and realise corporate goals; spearheading business process re-engineering initiatives. . Formulating budgets and conducting variance analysis to determine difference between projected and actual results and implementing corrective actions. Drawing up annual budgets and monitoring the costs incurred vis a vis budgets Ad hoc assignments of the top management. Reporting MD Zoom Developers (P) Limited (Metals and Minerals), Gurgaon, Delhi/NCR. Deputy General Manager (Finance and Accounts) October 2006 to 30 June, 2009. Reporting to Group CEO. Corporate Finance and Control. Strategic Planning and Control. Accounts, Costing and Statutory Compliances. MIS. 3. Global Steel Holdings Limited, Lagos Nigeria

Previous :

Group CEO, Zoom Developers P Limited
Gurgaon

Worked from 2009 to 2011

Brief summary :

Topworth Group of Companies, (RS 4,500 CR Turnover) Finance Controller July, 2009 to November, 2011. Responsible for all the Management and Financial activitiess Corporate Finance and Control Financial model for Brown and Green Field Projects. Analysis for viability of projects and recommendations. Arranging funds (equity/ debt) for operating companies as well as new projects. . Credit Monitoring Arrangements (CMA) data. . Detailed Project Report for Brown Field and Green Field Project. . Co-ordination with the credit rating agencies. Manage all activities pre-post financial closure. Prepare, Monitor and ensure cash flows, fund flows, profitability statements. Monitor multiple projects with respect to cost and time parameters; review deviations and indicate the critical path risk and impact to the company; decide and advise on the possibility and methodology of risk coverage for the deviations. Conduct financial analysis of similar companies and / or projects for benchmarking Ratios and performance tracking. Screening new projects to determine the financial viability of new ventures projecting cash flow and growth opportunities . Liaising and negotiating with banks and FIs for raising fund and non-fund based facilities at favourable terms to meet working capital and project requirements. . CAPEX and OPEX monitoring, variance and corrective actions. Strategic Planning and Control . Determining financial objectives, designing and implementing systems, policies and procedures in consultation with top management to facilitate internal financial control. . Designing business plans / strategies for maximizing profitability and revenue generation and realise corporate goals; spearheading business process re-engineering initiatives. . Formulating budgets and conducting variance analysis to determine difference between projected and actual results and implementing corrective actions. Drawing up annual budgets and monitoring the costs incurred vis a vis budgets Ad hoc assignments of the top management. Reporting MD Zoom Developers (P) Limited (Metals and Minerals), Gurgaon, Delhi/NCR. Deputy General Manager (Finance and Accounts) October 2006 to 30 June, 2009. Reporting to Group CEO. Corporate Finance and Control. Strategic Planning and Control. Accounts, Costing and Statutory Compliances. MIS. 3. Global Steel Holdings Limited, Lagos Nigeria

Previous :

Deputy General Manager, Finance and Accounts

Worked from 2006 to 2008

Brief summary :

Deputy General Manager (Finance and Accounts) October 2006 to July 2008. Based at Corporate Office responsible for the following: Finance Management and Control activities for the four green field and running steel and aluminium projects at various locations includes: Steel at Jamshedpur and UAE Billets Manufacturing Extrusion Products Alloy Wheels and Automotive Products and Rolling Mill (Hot, Cold and Foil Mill). Construction and Infrastructure development. Business planning and analysis, Business plan modelling. Estimation and Budgeting for various activities of the projects. Negotiation and finalisation of contracts and purchase/sales orders. Collection and Analysis of data for making decision in regards of location of these projects. Site Development for starting green field projects. Infrastructure development at various locations. Team member of project financing from Exim Bank. Develops, reviews, documents and updates financial policies and procedures. Cost reduction initiatives and benchmarking. Analyses existing financial Policies, procedures and their improvements. Compiles of Company policies and procedures Provide proper guidance, and advice on the frequent received enquiries Design forms in support of methods and procedures and advises on their use. Maintains up-to-date knowledge of IAS, IFRS etc. Liaising with Auditors, Banks and Other Govt Authorities. Ad hoc assignments of the top management. Reporting to Group CEO. 3. Global Steel Holdings Limited, Lagos Nigeria

Previous :

Head/VP/GM/Financial Controller, Zoom Developers P Limited
Steel

Worked from 2006 to 2008

Previous :

Head/VP/GM/Financial Controller, Zoom Developers P Limited
Steel

Worked from 2006 to 2008

Previous :

Head Finance and Commerce

Worked from 2005 to 2006

Brief summary :

Head Finance and Commerce. August 2005 to October 2006. DSCL, ASCL and NIOMCO (Nigerian Govt Owned) was lying idle for 8-10 years. It has taken over by GSHL (PK Mittal Group). The plants have been rehabilitated in record time of 3-9 months and are running commercially. Reporting to Director Finance (Country Head of Finance). Co-ordination of Acquisition, transition and related activities during the change of ownership from Nigerian Govt to GSHL. Part of team in Human Resource planning, retrenchment and reorganising. System Analysing, redesigning and implementation in all commercial activities and also contributed in other areas also. Annual Closure of the Final Accounts and related work like prepaid/outstanding expenses, depreciation, inventory valuation and provisions etc. Overall supervision of commercial operations - Finance, Accounts and IT, Procurement, Materials and Logistics. Financial Management - Cash Flow, Working capital, Capital Expenditure. Works Accounting - Periodical P and L, BS and other reports. Management and control over Customers and Suppliers accounts. Cost analysis and control, benchmarking and system analysis and improvement. Budgeting implementation and control. Planning and Monitoring of CAPEX and OPEX. Product Costing, Cost analysis and control. Business Planning and MIS, Business Plan Modelling and analysis. Preparation and Submission of VAT returns and annual assessment. Negotiations with Bankers, Contractors, Suppliers and Customers. Liaison with various bodies (Bankers, Govt. Officials, Tax Authorities, Auditors and Apex Committees). 4. Hero Cycles Limited, Ghaziabad, Delhi/NCR.

Previous :

Head Finance and Commerce

Worked from 2005 to 2006

Brief summary :

Head Finance and Commerce. August 2005 to October 2006. DSCL, ASCL and NIOMCO (Nigerian Govt Owned) was lying idle for 8-10 years. It has taken over by GSHL (PK Mittal Group). The plants have been rehabilitated in record time of 3-9 months and are running commercially. Reported to Director Finance (Country Head of Finance). Co-ordination of Acquisition, transition and related activities during the change of ownership from Nigerian Govt to GSHL. Part of team in Human Resource planning, retrenchment and reorganising. System Analysing, redesigning and implementation in all commercial activities and also contributed in other areas also. Annual Closure of the Final Accounts and related work like prepaid/outstanding expenses, depreciation, inventory valuation and provisions etc. Overall supervision of commercial operations - Finance, Accounts and IT, Procurement, Materials and Logistics. Financial Management - Cash Flow, Working capital, Capital Expenditure. Works Accounting - Periodical P and L, BS and other reports. Management and control over Customers and Suppliers accounts. Cost analysis and control, benchmarking and system analysis and improvement. Budgeting implementation and control. Planning and Monitoring of CAPEX and OPEX. Product Costing, Cost analysis and control. Business Planning and MIS, Business Plan Modelling and analysis. Preparation and Submission of VAT returns and annual assessment. Negotiations with Bankers, Contractors, Suppliers and Customers. Liaison with various bodies (Bankers, Govt. Officials, Tax Authorities, Auditors and Apex Committees).

Previous :

Head of the Department, Global Steel Holdings Limited
Steel

Worked from 2005 to 2006

Previous :

Head Finance and Commerce

Worked from 2005 to 2006

Brief summary :

Head Finance and Commerce. August 2005 to October 2006. DSCL, ASCL and NIOMCO (Nigerian Govt Owned) was lying idle for 8-10 years. It has taken over by GSHL (PK Mittal Group). The plants have been rehabilitated in record time of 3-9 months and are running commercially. Reported to Director Finance (Country Head of Finance). Co-ordination of Acquisition, transition and related activities during the change of ownership from Nigerian Govt to GSHL. Part of team in Human Resource planning, retrenchment and reorganising. System Analysing, redesigning and implementation in all commercial activities and also contributed in other areas also. Annual Closure of the Final Accounts and related work like prepaid/outstanding expenses, depreciation, inventory valuation and provisions etc. Overall supervision of commercial operations - Finance, Accounts and IT, Procurement, Materials and Logistics. Financial Management - Cash Flow, Working capital, Capital Expenditure. Works Accounting - Periodical P and L, BS and other reports. Management and control over Customers and Suppliers accounts. Cost analysis and control, benchmarking and system analysis and improvement. Budgeting implementation and control. Planning and Monitoring of CAPEX and OPEX. Product Costing, Cost analysis and control. Business Planning and MIS, Business Plan Modelling and analysis. Preparation and Submission of VAT returns and annual assessment. Negotiations with Bankers, Contractors, Suppliers and Customers. Liaison with various bodies (Bankers, Govt. Officials, Tax Authorities, Auditors and Apex Committees).

Previous :

Head of the Department, Global Steel Holdings Limited
Steel

Worked from 2005 to 2006

Previous :

Manager, - Costing

Worked from 2000 to 2005

Brief summary :

Manager - Costing June, 2000 to August, 2005.

Previous :

Manager, 4. Hero Cycles Limited
Ghaziabad

Worked from 2000 to 2005

Brief summary :

4. Hero Cycles Limited, Ghaziabad, Delhi/NCR Manager - Costing June, 2000 to August, 2005.

Previous :

Head of the Department, Hero Cycles Limited
Auto Ancillary

Worked from 2000 to 2005

Previous :

Manager, 4. Hero Cycles Limited
Ghaziabad

Worked from 2000 to 2005

Brief summary :

4. Hero Cycles Limited, Ghaziabad, Delhi/NCR Manager - Costing June, 2000 to August, 2005.

Previous :

Head of the Department, Hero Cycles Limited
Auto Ancillary

Worked from 2000 to 2005

Previous :

Officer Commercial, Flex Engineering Limited
Industrial Products/Heavy Machinery

Worked from 1998 to 2000

Previous :

Officer Commercial, Flex Engineering Limited
Industrial Products/Heavy Machinery

Worked from 1998 to 2000

Previous :

Team Member, Hero Honda Motors Ltd.
Noida

Worked from 1992 to 1997

Brief summary :

Asst Officer - Internal Audit January, 1992 to September, 1997. Have been twice with the well reputed and system oriented organisation belong to Munjals who are pioneer in the auto industry as Hero Honda Motors Ltd. Joined as management trainee in 1992 and had an immeasurable exposure of documents, reports, systems, policies and procedures in various sections being part of internal audit team. Finding of deviations from documentation, reporting, systems, policies and procedures. Reporting with the practical problems arising and suggestions on improvements on the basis of users comments. Design various reports for the different departments to gather for corrective actions. Periodical verifications of Assets, Inventory and finished goods. Liaison with Statutory Auditor, Cost Auditor and HO representatives. Reporting to Plant Head. Again joined as Asst Manager in 2000 and played a key role as Head of Costing in the plant where Cost Audit mandatory and Auditors were M/s Ramanath Iyar and Co. having the presence in all four metros. Supervision of costing section, Sales Tax, Excise, Payroll section and Debtors accounting. Product costing, process costing. Participation in negotiation and finalisation in work orders, contracts and sales prices. Valuation of Inventories and Finished Goods which is a vital part of Final Accounts. Supervision of Cost Accounting records as per prescribed record rules. Preparation of Cost Audit report as it was mandatory. Leading the team of periodical verification of stocks. MIS and other reports as per the management requirement. Reports on development and improvement in production and other processes. Designing and Implementation of MIS. Designing of Cost Audit Report in Excel. Reporting to MD. 5. Flex Engineering Limited, Noida Officer - Commercial February, 1998 to June, 2000. Supervision of the commercial activates at plant level includes: Store Accounting and Material Management. Debtors Accounting. Costing and MIS. Logistics. Co-ordination with the Corporate Accounts. Excise and other Documentation. Reporting to Plant Head. Computer Proficiency Proficient in using MS Office tools Excel, Word, Outlook and Power Point etc. Exposure in ERP and SAP. Tally. Professional Membership Associate Member of the Institute of Cost and Works Accountants of India. Trainings and Seminars IFRS Certification course from NIIT Imperia faculty from IMT Ghaziabad. Primavera P6.0 by KLG Systel Limited, Mumbai, India. Team Member during successful implementation of ERP in Hero cycles Limited.

Previous :

Team Member, Hero Honda Motors Ltd.
Noida

Worked from 1992 to 1997

Brief summary :

Asst Officer - Internal Audit January, 1992 to September, 1997. Have been twice with the well reputed and system oriented organisation belong to Munjals who are pioneer in the auto industry as Hero Honda Motors Ltd. Joined as management trainee in 1992 and had an immeasurable exposure of documents, reports, systems, policies and procedures in various sections being part of internal audit team. Finding of deviations from documentation, reporting, systems, policies and procedures. Reporting with the practical problems arising and suggestions on improvements on the basis of users comments. Design various reports for the different departments to gather for corrective actions. Periodical verifications of Assets, Inventory and finished goods. Liaison with Statutory Auditor, Cost Auditor and HO representatives. Reporting to Plant Head. Again joined as Asst Manager in 2000 and played a key role as Head of Costing in the plant where Cost Audit mandatory and Auditors were M/s Ramanath Iyar and Co. having the presence in all four metros. Supervision of costing section, Sales Tax, Excise, Payroll section and Debtors accounting. Product costing, process costing. Participation in negotiation and finalisation in work orders, contracts and sales prices. Valuation of Inventories and Finished Goods which is a vital part of Final Accounts. Supervision of Cost Accounting records as per prescribed record rules. Preparation of Cost Audit report as it was mandatory. Leading the team of periodical verification of stocks. MIS and other reports as per the management requirement. Reports on development and improvement in production and other processes. Designing and Implementation of MIS. Designing of Cost Audit Report in Excel. Reporting to MD. 5. Flex Engineering Limited, Noida Officer - Commercial February, 1998 to June, 2000. Supervision of the commercial activates at plant level includes: Store Accounting and Material Management. Debtors Accounting. Costing and MIS. Logistics. Co-ordination with the Corporate Accounts. Excise and other Documentation. Reporting to Plant Head. Computer Proficiency Proficient in using MS Office tools Excel, Word, Outlook and Power Point etc. Exposure in ERP and SAP. Tally. Trainings and Seminars IFRS Certification course from NIIT Imperia faculty from IMT Ghaziabad. Primavera P6.0 by KLG Systel Limited, Mumbai, India. Team Member during successful implementation of ERP in Hero cycles Limited.

Previous :

Asst Manager - Internal Audit, Hero Cycles Limited
Auto Ancillary

Worked from 1992 to 1997

Previous :

Team Member, Hero Honda Motors Ltd.
Noida

Worked from 1992 to 1997

Brief summary :

Asst Officer - Internal Audit January, 1992 to September, 1997. Have been twice with the well reputed and system oriented organisation belong to Munjals who are pioneer in the auto industry as Hero Honda Motors Ltd. Joined as management trainee in 1992 and had an immeasurable exposure of documents, reports, systems, policies and procedures in various sections being part of internal audit team. Finding of deviations from documentation, reporting, systems, policies and procedures. Reporting with the practical problems arising and suggestions on improvements on the basis of users comments. Design various reports for the different departments to gather for corrective actions. Periodical verifications of Assets, Inventory and finished goods. Liaison with Statutory Auditor, Cost Auditor and HO representatives. Reporting to Plant Head. Again joined as Asst Manager in 2000 and played a key role as Head of Costing in the plant where Cost Audit mandatory and Auditors were M/s Ramanath Iyar and Co. having the presence in all four metros. Supervision of costing section, Sales Tax, Excise, Payroll section and Debtors accounting. Product costing, process costing. Participation in negotiation and finalisation in work orders, contracts and sales prices. Valuation of Inventories and Finished Goods which is a vital part of Final Accounts. Supervision of Cost Accounting records as per prescribed record rules. Preparation of Cost Audit report as it was mandatory. Leading the team of periodical verification of stocks. MIS and other reports as per the management requirement. Reports on development and improvement in production and other processes. Designing and Implementation of MIS. Designing of Cost Audit Report in Excel. Reporting to MD. 5. Flex Engineering Limited, Noida Officer - Commercial February, 1998 to June, 2000. Supervision of the commercial activates at plant level includes: Store Accounting and Material Management. Debtors Accounting. Costing and MIS. Logistics. Co-ordination with the Corporate Accounts. Excise and other Documentation. Reporting to Plant Head. Computer Proficiency Proficient in using MS Office tools Excel, Word, Outlook and Power Point etc. Exposure in ERP and SAP. Tally. Trainings and Seminars IFRS Certification course from NIIT Imperia faculty from IMT Ghaziabad. Primavera P6.0 by KLG Systel Limited, Mumbai, India. Team Member during successful implementation of ERP in Hero cycles Limited.

Previous :

Asst Manager - Internal Audit, Hero Cycles Limited
Auto Ancillary

Worked from 1992 to 1997

Vishnu Upadhyay's Education

Institute of Management Accountants
Certified Management Accountants
United States
From 2009 to 2010

Institute of Management Accountants
Certified Management Accountants
United States
From 2009 to 2010

MDU Rohtak (HARYANA)
MBA/PGDM
India
From 2008 to 2010

MDU Rohtak (HARYANA)
MBA/PGDM
India
From 2008 to 2010

ICWAI
ICWA
India
From 1991 to 1998
Brief summary :

ACWA, cost & managment accountacy.

ICWAI
ICWA
India
From 1991 to 1998
Brief summary :

ACWA, cost & managment accountacy.

University of Rajasthan, Jaipur
M.Com
India
From 1989 to 1991
Brief summary :

Master of Commerce in Accountacny and Business Statistics.

University of Rajasthan, Jaipur
M.Com
India
From 1989 to 1991
Brief summary :

Master of Commerce in Accountacny and Business Statistics.

University of Rajasthan, Jaipur
B.Com
India
From 1986 to 1989

University of Rajasthan, Jaipur
B.Com
India
From 1986 to 1989
 
 
 
 
Vishnu's communities
Finance & Accounts
20103 members, 151 jobs, 313 articles, 187 questions, 424 debates, 129 idea contests.
Hit The Nail On The Head!!
358 members, 5 jobs, 102 articles, 32 questions, 105 debates, 33 idea contests.
Leadership Styles
508 members, 254 jobs, 579 articles, 142 questions, 211 debates, 95 idea contests.
Vishnu's contributions
"Cash Flow Management" to manage the monthly procurement and expenditure efficiently require the effective collection from the Debtors so that cash is always available to meet the payments to the venders for good/supplies, expenditure and payrol etc.
This time finance ministry has not given sufficient time for the Budget. It is quick launch like T -20 cricket and T-20 News. Fm also covered 20 aspects in the budget.Homework is not enough on Budget 2009-10, it shows that this year Govt is taking...
In my opinion Govt should have concentrate on infrastructure developemnt in the rural areas which will help in repid growth of the country in initial few years but later will support in excellent growth. This budget is missing that. Another area of...
PM is not just managing resources required for the goal, its require the regular tracking, if ny deviation required to focus so past deviation can be managed without effect on other activities of the project to achieve the goal in time and at minimum...
By way of better management of resources, timely completion of project is a best control over cost of project.
Vishnu's  activity updates
31 May 2011
 Vishnu Upadhyay, Head/VP/GM-Project Finance, Topworth Group of Companies
  • received 1 business card
04 Oct 2010
 Vishnu Upadhyay, Head/VP/GM-Project Finance, Topworth Group of Companies
  • received 1 business card
more...  
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