1. MANISH NAYYAR
Contact: 09970050132 ~ 02194668744 | E-Mail: manishnayyar67@gmail.com
SNAPSHOT
• A result-oriented professional offering 22+ years of a successful career with diverse
roles distinguished by commended performance in:
o Spearheading the organization with turnover of approx. 3500 Crores,
supervising 30 executives including day to day commercial & accounting
functions in the organization and making the balance sheet for sister concerns
o Finalization of trial balance and balance sheet, coordinating with head office,
managing the entire finance & accounts of sister concern with turnover of 1
to 2 Crores including commercial operations
o Supervising the financial cash & funds flow management for optimum,
utilization of the funds, fund requirement projections and arranging funds
from HO
o Directing general ledger accounting activities of the site, additional
capitalization, recapitalizations, retrials, transfers, creditors & debtors and
internal controls
o Devising policy to maximize revenue with exploring revenue sources
o Commercial activities like floating of RFQs, finalization of vendor and
commercial terms, vendor negotiations, preparing annual & monthly
operational plans (budgets) for various departments;
• Proven track record of excellence in SAP (FICO & MM module) implementation at
IPCL in 2003 and received recognition from the senior management in the
organization;
• Expert in ensuring system effectiveness for business solutions for both existing
and new set-ups;
• Excellence in establishing strategic financial management systems to determine
product prices, monitoring various overheads and achieving maximum cost
control;
• A strategist cum implementer with recognized proficiency in directing organization
objectives in liquidity segments with an aim to accomplish corporate plans
ORGANISATIONAL EXPERIENCE
Reliance Industries Limited (Formerly Indian Petrochemicals Corporation Limited), Raigad (Mah) Since May’93
Reliance Industries Ltd acquired equity stake and management Control of M/S Indian Petrochemicals Corp Ltd (IPCL) as part of
government PSU disinvestment through cash offer in the year 2002 and subsequently merged M/S Indian Petrochemicals Corp
Ltd (IPCL) with Reliance Industries Limited in 2007.
Growth Path:
May’93 – May’97 Finance Officer
May’97 – Jun’03 Senior Officer
Jun’03 – Dec’03 Deputy Manager
Dec’03 – Oct’07 Senior Manager
Since Oct’07 General Manager - Finance
Key Result Areas:
Commercial Operations:
• Functioning as member commercial and providing commercial support to buyers for inventory control,selection of vendors,
negotiation of Procurements & Service contracts, Checking Comparative Statements, Tax vetting of Draft orders etc;
Finance & Accounts (Manufacturing) | Procurement, Contracts & Inventory Management | AP & AR | Budgeting &
Annual Operations Plans | Plant, Services & Projects Accounting | Corporate Social Responsibility Accounting | Funds
Flow, Cash Flow & Treasury Management | Risk Management |
An accomplished professional with solid contribution in effectuating commercial operations & accounting while formulating
and implementing strategic financial plans while handling turnover of 3500 Crores
Location Preference: Northern India preferred but open for other locations | Industry Preference: Any
Finance & Accounts (Manufacturing) | Procurement, Contracts & Inventory Management | AP & AR | Budgeting &
Annual Operations Plans | Plant, Services & Projects Accounting | Corporate Social Responsibility Accounting | Funds
Flow, Cash Flow & Treasury Management | Risk Management |
An accomplished professional with solid contribution in effectuating commercial operations & accounting while formulating
and implementing strategic financial plans while handling turnover of 3500 Crores
Location Preference: Northern India preferred but open for other locations | Industry Preference: Any
CORE COMPETENCIES
Commercial Accounting
Budgeting & Forecasting
General Ledger Accounting
Cash/Fund Flow Management
Projects & Asset Accounting
Procurement, Contracts &
Inventory Management
SAP Implementation
Internal Checks & Controls
Cost Management
Vendors & Customer
Management
Corporate Social Responsibility
Reporting
Risk management for Site
Experience of working in Tally &
SAP-R/3
Working knowledge of Direct &
Indirect Taxation

2. • Delegating the responsibility of team leader-Shared services for budgeting, PR concurrences, General Ledger accounting,
CSR accounting, imports accounting, accounts payable & accounts receivable;
• Managing the capitalizations & Capex accounting, asset accounting, insurance requirements of site, cash & funds flow
management, finalization of accounts in SAP up to Trial Balance;
• Preparing Notes & Schedules, MIS reports and sending the same to consolidation section;
• Attending the auditors & resolving audit queries;
• Managing a team of 30 members;
• Leading all commercial activities except Secretariat & Taxation for a non-listed agriculture based private limited group
company i.e. procurements, contracts, stores & inventory management; reporting to the board of directors.
General Ledger Accounting
• Guiding accounting activities of the site and preparing various books & records as required by law;
• Ensuring the finalization of accounts and closing of general ledger accounting and preparing various notes/schedules;
Funds and Treasury Management
• Supervising the financial cash & funds flow for optimum utilization of the funds, fund requirement projections, arrangement
of funds from HO, signing cheques, authorizing e-payments and safe custody of PDCS/BGS;
Procurement to Pay Cycle
• Preparing annual & monthly operational plans (budgets) for various departments & sections at site, arranging management
approvals & loading budgets for use;
• Monitoring budget utilizations, activating budget alerts & monthly MIS reporting, controlling cost over-runs, conducting
budget variance report analysis, creating revised estimates, continue & quit decisions;
• Formulating policies to achieve optimum cost of goods & services and overall procurement/contracts functions within the
required time, budget and quality standards.
Procurement Control
• Contracting activities as commercial controller i.e. reviewing of PRS/SRS received with respect to inventory control, usage
pattern, EOQ and quantity finalization;
• Authorizing floating of RFQs, technical acceptability of offers received from user, opening commercial bids of technically
acceptable vendors;
• Checking comparative statements, attending vendor negotiations, finalizing vendors & commercial terms, generating draft
orders & order vetting by taxation section.
Inventory & Stores Management
• Giving inputs for inventory control during fresh procurements, quality & quantity certifications, GRN/service entries
preparation, punching of issue vouchers and tagging of non-moving inventory to stop further purchase;
• Conducting ABC analysis, safe keeping of inventory and arranging disposal of non-moving inventory & scrap sale.
Accounts Payable
• Directing the validation of procurement invoices, return of defective invoices, deposit & accounting of security deposit
received, bill processing of validated invoices, recovery of invoices and processing of payments within due dates.
Accounts Receivables
• Maximizing revenue with exploring revenue sources i.e. sale of scrap, by-products, business services, renting of immovable
properties and selecting customers;
• Opening of bids received, checking comparative statements, price negotiations & finalization of commercial terms;
Risk Management
• Monitoring insurance risk for all the activities of the site, ensuring that business activities at site are properly insured to
avoid disruption in businesses by arranging proper & adequate insurance for various types of assets & employees;
Direct & Indirect Taxation
• Functioning on direct & indirect taxation rules, TDS & TCS management, filling ITR-6 & TAR templates, finalization of various
tax liabilities & discharging the same in coordination with taxation section & controlling the accounting part of taxation;
SAP Implementation
• Working as SAP Power User & coordinating with SAP Functional Consultants during SAP implementation for MM & FICO
modules, data transfer from legacy to SAP & IPCL to RIL, data audit & arranging for end user training.
Highlights:
• Established computerized system for accounting and budgeting such as SAP-R/3;
• Generated financial forecasts, mid-quarter estimates and business plans based on analysis of industry trends; prepared
analytical interpretations such and various MIS reports;
• Enhanced manufacturing based connectivity across the all locations by harmonizing the SAP-MM platform & costs
optimization;
• Closure & Capitalisations of various projects of INR 500 Crores;
• Reduced costs by 50% through strict controls, increased efficiencies and better alternatives such SAP;
• Functioned as Head of Department for the entire function of finance and accounts for the site and supervised complex SCM
& accounting processes like Material Movement & Accounting and Joint Measurement Sheet & Service Entry accounting

3. ACADEMIC DETAILS
1996 Cost & Works Accountancy from ICWA Institute, Kolkata
1990 MBA (Finance) from Rohilkhand University, Bareilly
1987 B.Com. (Honors) from Motilal Nehru College, University of Delhi, Delhi
PERSONAL DETAILS
Date of Birth: 3rd
March 1967
Languages Known: English & Hindi
Address: BM-102, PO Petrochemicals Township, Nagothane, Raigad–402125, Maharashtra