PRAVIN B. SHETTY
Mobile: Oman 968 99332017 Indian 0091 8796570771 ~ E-Mail: shetty_prav@yahoo.com
CHIEF FINANCIAL OFFICER & PROCUREMENT ADMIN & HR-HEAD
SYSTEMS DEVELOPMENT / PROJECT PLANNING / FINANCIAL ANALYSIS
Senior Level Executives with extensive hands on experience in management, business leadership and
working with Board of Directors, Banks & Attorneys, MBA’s with an established record of success in
significantly growing enterprise value. Strong in Budgets, Cash Forecasts, Business Valuations, Acquisitions,
Statutory and Internal audits. Areas of Expertise in:
Financial & Strategic Planning Business Expansions & Startups
Complex Business & Tax Issues Crisis Management
Budget Development & Management Enterprise Resource Planning
Accounting & Financial Operations Merger & Acquisition Negotiations
Procurement Human Resource Manangement
Competencies Overview
 Heading finance functions involving
determining financial objectives,
designing & implementing systems,
policies & procedures to facilitate
internal financial and process
controls.
 Implementing systems, procedures &
manuals for preparation &
maintenance of statutory books of
accounts & financial statements,
ensuring compliance.
 Managing planning activities for
ensuring completion of various types
of audits within the time and cost
parameters.
 Formulating annual budgets and
conducting variance analysis to
determine difference between
projected & actual results and
implementing corrective actions.
 Overseeing preparation of MIS
reports and reconciliation statements
as well as undertaking analysis to
assist top management.
 Responsible for managing all
personnel activities which include
recruiting, hiring, reclassifications/
promotions and salary management.
Preparation of HR manual.
 Monitoring inflow / outflow of funds;
taking adequate measures to ensure
optimum utilisation of available funds
towards the accomplishment of
organisational objectives.
 Evaluating internal control systems /
procedures, preparing audit reports
with a view to highlight the
shortcomings and implementing
necessary recommendations.
 Conducting audits; evaluating the
internal control systems with a view
to highlight shortcomings &
implementing recommendations
made by Internal Auditors.
 Implementing stringent systems /
measures to establish and maintain
high security standards in compliance
with prescribed statutory norms.
 Computing & arranging for deposit of
taxes and filing of returns for timely
completion of assessment and
ensuring statutory compliance.
 Demonstrated organizational and
negotiation skills and the ability to
priortise multiple and complex tasks,
often with conflicting deadlines.
Exercising a high degree of discretion,
mature judgement and tact in
handling issues of a sensitive nature.
Employment Scan

Since September 11: Working with one of the top most group in Oman (Omzest Group)
Oman Formaldehyde Chemical Company LLC (OFCC) as Chief Financial Officer & Admin &
Head-HR . Located in Sohar Oman. (Worked as an interim CEO from October 2014 to
December 2014)
Responsible for the integrity of financial information and systems for this manufacturing
company. Recruited and trained local staff and upgraded financial and admninistrative
infrastructure to meet the company needs. Company experiencing 30% Annual revenue
growth and currently the plant is running at its maximum capacity. Responsibilities include
budgeting, forecasting, financial planning and analysis, financial accounting, procurement,
Hr management, compliance, management and business metrics reporting, tax, treasury
and all general accounting functions and overall administration in charge of the company.
Key Accomplishments In Finance were :
 Orchestrated budget process with all departments and senior management concluding
in the presentation of a final budget approved by the Board of Directors, Implemented
Cash Flow planning of the Approved Budget Stores & Capital item and introduced the
concept of Expenditure Approval Memorandum in the Company.
 Tracking of profitability on a daily basis and keeping a close eye on the sales, production
& logistics on a daily basis. Started a cordination team and morning meeting of senior
personnel from Operations, Sales & Finance to identify bottlenecks and taking
corrective action.
 Achievement of highest sales for the month in OFCC History in December 2014 as an
Interim CEO.
 Made a separate procurement department which resulted in savings in cost in 3 months
in 2015 to the tune of 102,000 USD.
 Introduced a system of taking 3 quotes for all procurement activities and making a qcs
system to record the same.
 Reducing the Debtors days from 170 days to 55 days with no NPAs till date thereby
improving the cash flow cycle from 54 days to 15 days of the company.
 Got In principle approval from banks to fund the expansion project cost 100% on the
basis of the projections sent to them.
 Successfully Negotiated with Banks for an Increase in the working capital facilities at a
lower interest rate and reducing the processing fees for the same.
 Cleared all pending backlog agreements and entering into new agreements with
vendors at a reduced rate than the existing contract.
 Putting a Tracker for payments to vendors in time.
 Introduced a Tracker for tracking the date on which important agreements, permits &
insurance ends so that the same can be renewed in time.
 Dividend distribution to shareholders was increased from 16% to 50% in 4 Years.
 Completion of Statutory Audit of Financial year ended Dec 2014 by first week of Jan
2014.
Key Accomplishment in HR & Admin Functions
 Preparation of the revised HR Manual and getting it approved from Ministry of
Manpower and putting the HR system in place and training of the local Hr personnel.
 Recruiting quality local & expatriate staff in Operation, Finance & Administration
 Introduced the Performance Appraisal system in the organisation and making KPI”S for
every Employees.
 Introduced the system of Applying Annual Leave at the start of the year to ensure
smooth work flow in the plant.

 Introduced training of the employees so as to increase their productivity and identifying
and retaining quality employees.
 Introduced behaviourial training for personality development of the employees.
 Introduced the system of issuing requisition slip to the Administation department for
supply of stationery ,letter heads to all the department.
 Making custom payments, certificate of origin for Export, renewal of the Company
Registration & Chamber of Commerce, Environmental permits , ROP permits.
Mar’10 to August 2011: ISS HiCare Pvt Ltd, 2nd
largest Company in Pest Control Business
in India (Formerly known as Godrej HiCare Pvt Ltd) Mumbai, as DGM Finance/ Treasurer
(Chief Financial Officer)
Worked as an DGM Finance. Responsibilities included all aspects of financial reporting,
human resources & payroll, taxes , cash & banking, accounts payable, accounts recevables,
billing, risk management & insurance, strategic planning and capital markets. Managed the
accounting & finance department, tax & audit consultants. HFM Reporting to Denmark and
presentation of monthly MIS to the management. Budget Planning .
Key Accomplishments included:
 Implemented the system of capturing the progress of new branches and successfully
reduced the Branches reaching breakeven from 14 months to 7 months by proper
monitoring and corrective decision.
 Collected Rs 51.22 mn of old outstanding from clients.
 Reducing the Drs days from 180 days to 72 days.
 Liasoned and entered into contracts with banks for collecting cash from branch offices
on a daily basis.
 Implementation of New Office Express System Package for Accounting Income based on
Service Value.
 Stock Valuation working system developed manually.
 Completion of Statutory Audit of March 2010 by June 2010.
 Clearing Vat Assessment of Assessment Year 2005-06, 2006-07 and 2007-08.
 Clearing Service tax Assessment for the Assessment Year 2005-06, 2006-07 and 2007-
08.
Oct’03 to Feb’10: ORIX Auto Infrastructure Services Ltd, a 10000 Mn Company (subsidiary
50% stake of Orix Japan & IL&FS Ltd) Andheri, Mumbai, as
Senior Officer (2003-2004)
Assistant Manager (2004-2006)
Finance Manager (2006-2008)
Senior Finance Manager (2008-2010)
Responsibilities included implementation & integration of axapta system, IFRS Team
Leader, Consolidation for group companies, preparation of ALCO reports, managing audits,
debtors management, lease accounting, portfolio & securitization management,
preparation of budgets & businesss plan and handling tax matters.
Key Accomplishments included:
 Implementation of the ERP Package Axapta as a System Analyst for Lease, Rent A Car,
General Accounting, BTS Business, Radio taxi & Logistics Business in the group.

 Effectively cleared the backlog capitalization of Rs 12 Mn and brought the lease
accounting into current mode.
 Co-ordinated with the marketing team to introduce the new maintenance linked lease
product in the market for our coroparte client, Leasee Co Leasee Lease structure and
also envisaged how the accounting flow will be which was approved by the Stautory
Auditor.
 Introducing the system of identifying the list of portential NPA clients at the start of the
accounting year and taking steps to see that the NPA’s are kept under control and
reduced by taking proper corrective actions.
 Helped in identifying and selling 16 portfolio of the company leased assets to bank and
other clients and thus make a profit of around Rs 900 Mn.
 Instrumental in providing lease analysis on a monthly basis for management review.
 16 portfolio tranche reconciliation with clients ledger and saving the company of Rs
500,000/-.
 Proper backoffice and asset management support was extended to the backup client for
16 tranches which included giving monthly accounting entries, payments to the client,
reconcilation of the portfolio clients outstanding balances and solving and handling
portfolio clients auditors.
 Successfully reconciled 700 debtors with the client balances and maintaing them in
excel.
 Reduced Drs turnover from 180 days to 75 days and collected Penal interest to the tune
of Rs 2 mn from customers.
 Compilation & identifying assets & liabilities & income & expenditure item for Finance
Lease and Operating Lease for the purpose of demerger of Finance Lease into a
separate Company as per RBI directives.
 Completion of statutory audit within one month.
 Successfully completed the back-office work for portfolio & securitization clients worth
(Rs.7000 mn).
 Was appointed the head of the team to Implement IFRS in Orix.
 Awarded the award of crisis man of Finance Team
Dec’96 – May’00: Ford Rhodes Parkes & Co, Fort , Mumbai as Senior Audit Consultant
Accountabilities:
 Conducting Internal Audits, Tax Audits, Statutory Audits for Manufacturing, Trading,
Banking, Public & Private Companies and Government Audits.
M/s N B Shetty & Co, Fort, Mumbai, Aug’93 – Aug’96 Articleship Training
 Involved in conducting Statutory Audits, Internal Audits and Tax Audits for various
clients operating in manufacturing and Trading Industry.
 Counselling & tax planning for various companies, HUF, Partnership firms & Individuals
preparation of computation of Income.
 Administrative work, related to Income Tax and sales tax Assessment proceedings,
appeals etc.
 Actively involved in book writing, consolidation of accounts and finalization of annual
accounts of manufacturing and trading companies, co-operative societies, various
trusts, partnership and proprietary concerns.
Scholastics

 Associate Member of the Institute of Chartered Accountants of India in 2000.
 Bachelor of Commerce from Mumbai University.
 Certificate Course in US GAAP Reporting.
Personal Dossier
Date of Birth : 11th
December 1972.
Address : Vasant Leela Co-operative Housing Society Phase IV, Vasant
Leela Complex,
Mridula, Building No 12, Flat No 403, Kavesar, Waghbil Naka,
Ghodbunder Road, Thane (W) Mumbai 400607.
Educational : Cleared SSC from St Ignatius High School (73%) Mumbai
University.
Cleared B Com from K.C. College Mumbai (65%) Mumbai
University.
Sports Achievement : Represented K.C. College in Senior Division University Inter
Collegiate
Football & Cricket Tournament.
Marital Status : Married

 Associate Member of the Institute of Chartered Accountants of India in 2000.
 Bachelor of Commerce from Mumbai University.
 Certificate Course in US GAAP Reporting.
Personal Dossier
Date of Birth : 11th
December 1972.
Address : Vasant Leela Co-operative Housing Society Phase IV, Vasant
Leela Complex,
Mridula, Building No 12, Flat No 403, Kavesar, Waghbil Naka,
Ghodbunder Road, Thane (W) Mumbai 400607.
Educational : Cleared SSC from St Ignatius High School (73%) Mumbai
University.
Cleared B Com from K.C. College Mumbai (65%) Mumbai
University.
Sports Achievement : Represented K.C. College in Senior Division University Inter
Collegiate
Football & Cricket Tournament.
Marital Status : Married