1. MMMAAAHHHEEENNNDDDRRRAAA CCCHHHAAAUUUDDDHHHAAARRRIII,,, CCCPPPAAA,,, CCCMMMAAA
E-Mail: mkcha@rediffmail.com Contact: +971-566001525
+971-561755662
SSEENNIIOORR MMAANNAAGGEEMMEENNTT PPRROOFFEESSSSIIOONNAALL
With over 14 years of experience across a Aviation & EPC spectrum of functions in India & Middle East
Results-oriented, international finance and accounting executive with more than 14 years of experience
spanning the energy and aviation industries for public and privately-held, multi-national
companies
A proven track record of operations and project experience leading people, solving challenging business
problems, and delivering large-scale process improvements
Proven ability to establish and manage global finance organizations, particularly in cross-cultural
financial environment.
Proven successes in cash-flow optimisation as organizations navigate complex periods of change, from
exponential expansion and to downsizing and consolidations.
ACADEMIA
 Certified Public Accountant (CPA) from American Institute of Certified Public Accountants (AICPA) since 2015
with Score of 81%
 Cost and Management Accountant (CMA) from Institute of Cost Accountants of India (ICAI) since 2001 with
Score of 70%
 Master of Commerce (Business Administration) from M.S. University, Baroda, India since 1998 with
Score of 60%
OCCUPATIONAL CONTOUR: More than 14 years of Post Qualification experience consists:
22nd July 11 – Till Date with GMMOS Dubai LLC, a part of Multi-national VASUDA Group
as Finance & Accounts Controller
Company Profile: Gulf Marine Maintenance & Offshore Service Dubai LLC (GMMOS), a part of VASUDA® Group engaged
in the business of highly sophisticated Offshore and Onshore fabrication Solutions provider (EPC) and achieved
turnover of USD 25 million during the year 2014-15 with dedicated Manpower Strength of 500 employees. The
VASUDA® Group worldwide engaged in the Shipping and Fabrication businesses with total turnover USD 50 million for
the year 2014-15 with Manpower strength over 1000 employees.
The GMMOS, Finance & Accounts Controller role includes but not limited to the following areas:
Reporting to : Chairman & CEO
 As a member of the management teams’ ‘Inner circle’, involved in the shaping of policies for the overall
management of the company;
 Recruited to manage corporate-wide general accounting, risk management, insurance, financial analysis, budgeting,
forecasting, reporting & treasury functions in compliant with IFRS & US GAAP Principles.
 Accountable for managing all areas of finance, accounting, investment and treasury functions on behalf of the
company, its subsidiaries and affiliated businesses.
 Direct responsibility for accounting, finance, forecasting, strategic and financial planning, negotiations and
institutional financing includes Developing financial strategies by forecasting capital, facilities and staff
requirements, identifying monetary resources, developing action plans, and cash-flow strategies;
 Responsible for develop and manage budget in line of long term objectives of the organization through vigilant
control and participation in continual improvement in budgeting process through education of business leaders on
financial issues impacting their budgets;
 Dealing with banks for procuring funded as well as non-funded lines in order to facilitate business requirements
and managed facilities of USD 21mn;
 Responsible for directing and overseeing all financial management and policy matters in the corporate level current
and future business growth;
 Responsible for development and optimisation of project wise profitability, pricing and variance analysis.
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 Ensure that the complete, accurate and reliable information presented to senior management for timely strategic
decision making and cost cutting; and
 Maintain a constant, in-depth working relationship with CEO and other senior executive, regularly communicating
financial and operational strategy; participate in key decisions as a member of the executive team.
 Oversee, direct and ensure the integrity, preparation, review, analysis and timely submission of all financial reports
including profit and loss statements, cash flow statements, balance sheet, financial budget and financial forecast.
Achievements:
 Implemented operational metrics for performance and cost effectiveness, ensuring ongoing project profitability and
cost containment, reduced firm’s overall overhead cost by 10%
 Created risk management program to include bid reviews, commercial training, benchmarks and revision in the
corporate policies to mitigate risks
 Successfully achieved bank loans for $30M with effective coordination with various bank and providing timely
accurate information to get credit approvals and disbursements schedules with timely reporting to bank on project
progress..
 Successfully developed Fund Requirement and Forward Planning System & Task Management System for Cash
Flow Management and to control avoidable expenses by way of departmental profitability concept.
Jul’06 – Jul’11 with Hindustan Aeronautics Limited (HAL) & Affiliates as a Head of Finance
Company Profile: HAL is leading defence Aircraft Manufacturer Public Sector in India and acquired prestigious Nav-
Ratna status in the year 2007. HAL has achieved turnover of Rs. 14,000/- Crore during the year 2010-11 with a
Manpower Strength of 30,000 employees.
My Role at leading Nav-Ratna HAL and Its Joint Venture IRAL includes but not limited to the following areas:
Reporting to : General Manager (Finance)
 Developed inventory monitoring and co-ordination system with stores for acceptance of items and settlement of
claims relating to quality and quantity.
 Served as the Material Control In-charge during the IFS ERP system implementation including the regularisation of
receipts & issues and generated MIS reports for day to day decision making as well as annual closing.
 Responsible for enhancing and monitoring the system of inventory valuation for strategic business locations and
managing statutory compliances
 Proactively identified and implemented internal improvements and process changes in order to improve the quality
of reporting and gain efficiencies in work methodology.
 Accountable for managing all areas of finance, accounting, tax, investment, corporate secretary and treasury
functions on behalf of the Joint Venture IRAL and affiliated businesses.
 Responsible for develop and manage budget in line of long term objectives of the organization through vigilant
control and participation in continual improvement in budgeting process through education of business leaders on
financial issues impacting their budgets;
 Maintain a constant, in-depth working relationship with CEO and other senior executive, regularly communicating
financial and operational strategy; participate in key decisions as a member of the executive team.
 Oversee, direct and ensure the integrity, preparation, review, analysis and timely submission of all financial reports
including profit and loss statements, cash flow statements, balance sheet, financial budget and financial forecast.
Achievements:
 Functioned as a member of the prestigious SU - 30 Overhaul Project team; this team successfully completed the
ground work from estimation of activities till allocation of pricings in the pre-set timelines.
 The effective exchange rate negotiations on foreign payments lead to saving of Rs. 5 Cr. during the year 2007 &
2008.
 The tax exemption received by tactfully handling the departmental appeal on Warranty Provision & Liquidated
Damages which leads to tax saving by Rs. 250 Cr. to the company.
Oct’01 – Jun’06 with Inox Air Products Limited, Baroda, Gujarat, India as Sr. Accounts Officer
Company Profile: Inox is leading Manufacturer of Industrial & Medical Gas in Liquid and Gas form affiliated with Air
Products and Chemicals Inc, USA. The Group involves many diversified business including Inox Leisure, Inox
Accessories etc., on more than 25 locations in India. The Baroda Unit has achieved Average turnover of Rs. 100/- Crs.
during my tenure with approx 200 employees. Inox Air Products Limited is part of worldwide group of INOX PLC., USA.
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My role at INOX includes but not limited to the following areas:
Reporting to: Regional Finance Manager
 Overall In charge of entire accounting functions at plant level including timely closing of monthly Accounts, MIS/
Variance Analysis and Compliance with Accounting Standards.
 Maintaining vendor wise Payment Cycles and ensuring timely payments matching with Company Fund Positions so
that the company meets its obligations as they fall due and complies with its payment policies.
 Developed Product wise Costing and Cost Allocation Systems to identify Product wise Costing for profitability
analysis, Pricing, Monthly Reporting and Tax Compliances.
 Maintenance of Cenvat Records and Compliance with Export formalities pertaining to Excise Rules providing timely
reports to HO relating to Duty free Material Procurement and various Licence Positions.
 Developed cost Accounting records especially for the transfer pricing & finished goods valuation and thereby
reduced overall Indirect tax liabilities and resolved many litigation issues.
 Oversee, RG-1, RG-23 excise records and maintain liaison with authorities including appearing for hearings before
the tribunal.
Achievements:
 Efficiently maintained effective communication and follow-up with excise authorities leads to resolve many
pending SCN and appeals with excise department.
 Successfully implemented SAP System along with SAP Consultant team in Finance, Accounting, Inventory
Management and dispatch functions.ade costing records especially for the transfer pricing & finished goods
valuation.
IT DOSSIER
Accounting Software : Quick Book, Tally ERP 9.1, IFS ERP, Real World & SAP FICO.
Reporting Software : MS-Excel, MS-Word, Power Point,
Other Software : Foxpro, Autocad, Outlook express, MS-Dynamics
PERSONAL DOSSIER
Present Address : Building No. 53, Flat – 03, Discovery Garden, Ibn Battuta, Dubai.
Date of Birth : 27th November, 1975
Nationality : Indian
Current Location : Dubai
Religion : Hindu
Marital Status : Married
Languages Known : English, Hindi, Marathi & Gujarati
Driving Licence : UAE & INDIA
Notice Period : One Month
(Mahendra Chaudhari)