AJAY MAHAJAN, CS, CMA, LLB. Home: 011-
25985031/25989302
B-34, Vishnu Graden, New Delhi-110018 Cell: 09810273650
e-mail: ajaygunit@yahoo.co.in
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CHIEF FINANCIAL OFFICE
A highly accomplished, result- driven senior finance and accounting professional with more than 22 years of
experience in finance, accounts, secretarial, taxation and operations management within Retail, Pharmaceutical,
Electrical, Automobile and Engineering Industry, with Strong Analytical ability with proven skills of making
venture a successful Venture. Worked with listed company having market capitalization of INR 30,000 million.
Possesses solid leadership, with a record of leading, motivating and inspiring large and diverse team of more
than 100 people in number including professionals to operate as cohesive units to achieve the timely completion
of strategic projects. Demonstrated the ability to streamline business operations that drive growth, increases
operational efficiency and bottom line margins. Instrumental in developing and implementing financial controls,
processes and systems in addition to productivity improvements. Effective communicator and possesses strong
interpersonal skills to establish rapport with all levels of staff and management. Proficient at maintaining cordial
business relationship with various Government bodies and external agencies.
CORE QUALIFICATIONS
Accounting & Financial Management Controllership & Decision Support New business Development, Planning
Working Capital Management Business Valuation/ Due Diligence Global Operations Efficiency
Financial Analysis & Reporting IPO, M & A and Investors Relations Restructuring & Financial Modelling
Treasury Management/ Banking Internal Control & Audit Sales Management
IFRS/ US GAAP/ Indian GAAP Sarbanes- Oxley Act ERP/SAP
Taxation/ Transfer Pricing Risk Management/Variance Analysis Corporate Governance
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PROFESSIONAL EXPERIENCE
CHIEF FINANCIAL OFFICER, (May,2014 to till date):
KR PULP &PAPERS LTD :
A 500 Crore Company engaged in Manufacturing of Writing Paper, Craft Paper, Absorbent craft paper,
having 15 MW Power Plant .
Energetic lighting India Pvt Ltd., Gurgaon
A Joint Venture between Indian & Chinese Company. The Partner Company being one of the largest manufacturer of
lighting products, listed on Shaghai Stock Exchange, having market cap of 60,000 million in INR. Energetic Lighting
having presence in Indian Retail market under Energetic Brand. Last year company attained 2000 million INR and
poised to be 5000 million by 2015.
CHIEF FINANCIAL OFFICER, Energetic India, CFO (Feb.2011 toApril,2014 )
Directing and Controlling finance & accounts team, Business Operations, Budgets and Budgetary Controls for Indian
Joint Venture, Analysis of Variances, Presentation of MIS reports to Directors and coordinating with foreign Partner
Company. Raising funds from Banks, Refinancing, Finalization of Accounts of the Company and Group Companies
under Indian/ US GAAP and IFRS. Controlling the Legal and secretarial department of Indian and Group
Companies. Leading the team of Taxation Dept., supervising Income Tax Assessment, complying with all the
regulatory and statutory requirements relating to Excise, Service Tax, Sales Tax and VAT. Actively involved in the

Transfer Pricing Assessment of the Company. Responsible for Formulation of Business Strategy for faster Growth of
Business, and expanding the line of Business to increase bottom line of Company, Effective resource management.
AJAY.MAHAJAN,CS,CMA,LLB.
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Selected Achievements:
• Setting up systems for Procurement, Manufacturing, Distribution and selling through SOPs and INTEGRATED
these SOPs with SAP to strengthen the Company’s Internal Control Systems.
• Reducing and Controlling the Interest cost using other means of financing
• Preparing for Company’s 1st
Private Equity in 2014 and followed by Public Issue in 2015.
Koutons Retail India Ltd., Gurgaon (KRIL)
Listed on NSE and BSE, Koutons Retail India Ltd. was one of the leading men’s wear readymade garments
manufacturing company. The Company had 32 manufacturing units and 1200 Retail outlets operating under the
“Koutons and Charlie Outlaw”, having pan India presence, achieved turnover of INR 12,000 million in 2009-10.
CHIEF FINANCIAL OFFICER, KRIL, (Oct, 2005 – Jan, 2011)
Headed and directed entire accounting and financial operations, with a large taskforce of more than 100 people,
developed the operational systems through SOPs for Internal Control of operations. Broadly responsible for Fund
Planning, raising fund by various instruments as Equity, Bank Loans, Corporate Term Loan, Private Equity,
Commercial Papers, NCD’s. Preparing and giving Company Presentation for raising funds. Managing the
maintenance of Accounts at different offices, financial closure, monitoring and analyzing Profitabilty statements, cash
flows and key financial parameters and reports, updating the Investors and Capital market with quarterly and yearly
reports. Responsible for supervising overall taxation matters, secretarial and legal matters end to end, formulation of
various committees under the Corporate Governance Regulations. Acted as Compliance Officer of the Company,
addressed investors complaints and complaints from Govt. Authorities, Involved with administration of
Employee Stock Option Plan (ESOP), allotment of shares to employees, Structured Rights and Public Issues in
coordination with Merchant Bankers, Lead Managers, Registrars to the issue, SEBI and RBI for Handling
transfers, allotment, transmission and transposition of shares. Advising Board on recent Govt. Policies/
procedures, conducting AGMs, EGM,s Board Meetings, Committee Meetings and other regular secretarial
functions, ensuring compliance of Company Law, Listing agreements and other statutory requirements.
Experience in Dealing with TOP Legal and Accounting Firm in INDIA.
Selected Achievements:
• Raised INR 7,500 million of Working Capital Loan under Consortium arrangement. Achieved 25 times jump
in the total facilities enjoyed by Company, from the time started my tenor with this company. Funds raised
from 10 PSU and Private sector Banks.
• Raised INR 1500 million, from Domestic Financial Institutions via Commercial papers and Non Convertible
Debentures (NCD’s)
• Raised INR 1830 million, by way of Private Equity Investment from 4 National and International
Institutional Private Equity Investors.
• Lead and co-ordinated with team of BLRM for raising INR 1,500 million, by way of Initial Public Offer (IPO),
from primary capital market, actively participated in pre and post IPO Road Shows.
• Successfully mobilized the Funds through other financial tools such as, Factoring, Buyer’s Credit, LC/FLC, and
Bill Discounting.
• Raised funds from Private Lenders against Pledging of Shares (LAS)

• Handled the Investors Relation of the Company, interacted with Fund Managers/ Mutual Funds/ Hedge Funds/
FII and successfully represented Company at Investors Conference in INDIA and ABROAD.
• Actively Involved coordinated with Research Analysts to Prepare BUY Report on Company’s Share.
• Initiated Accounting Software at All INDIA Level, connecting 25 locations from all over India, with the Head
Office at New Delhi.
AJAY.MAHAJAN,CS,CMA,LLB.
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Wings Pharmaceutical Private Ltd., Delhi
An INR 1,000 million, pharmaceutical company manufacturing generic medicines under popular brand such as
“Diclowin Plus”, “Wincold”,”Kufma”, besides other 100 generic medicines. Company also introduced “Ayurvedic”
line of Medicines, well accepted in market.
CHIEF FINANCIAL OFFICER, Wings Pharma, (Jul, 1998 – Oct, 2005)
Handled various finance, accounts and secretarial matters. Key Responsible areas covered Find raising from various
Banks, Finalization of books of accounts for company and its other Group Companies, Handling of Taxation matters
with various concerned departments, including Income Tax Assessment, Excise, Sales Tax and Service Tax. Headed
and responsible for all the functions related to Legal and Secretarial Deptt. of the Company. Actively involved with
TOP Management for updating Internal Control system through generating various SOPs.
Selected Achievements:
• Increased revenue growth 400% from INR 200 million to INR 1,000 million, during 1998 to 2005.
• Manufacturing Units increased from 2 to 10 in number by 2005.
• Achieved INR 200 million of annual Tax saving by shifting company’s plant to Tax free zone in Himachal
Pradesh(HP),
• With co-ordinate efforts, successfully, set up strong distribution system with 40,000 chemists selling the
company’s product throughout INDIA.
• Improved Sales and Liquidity position of the Company by Introducing the Cash Management System.
Previous Positions Included:
Super Seals India Ltd., Delhi
Manager-Accounts (Oct’1997-Jun’1998)
Bharat Heavy Electricals Ltd., Haridwar (B.H.E.L)
Sr. Accounts Officer (Jul’1992-Jan’1997)
At BHEL, took initiative in introducing the system for collection of Statutory Sales Tax Form.
Dhir International Ltd., delhi
Asst. Manager-Finance (Sep’1989-Jan’1992)
EDUCATION/ TRAINING
QUALIFIED COST ACCOUNTANT, (CMA), INSTITUTE OF COST ACCOUNTANTS OF INDIA, 1990
QUALIFIED COMPANY SECRETARY, (CS), INSTITUTE OF COMPANY SECRETARIES OF INDIA, 1992
BACHELOR OF LAW, (LLB), LAW CENTRE-II, DELHI UNIVERSITY, 1992

QUALIFIED CHARTERED FINANCIAL ANALYST, (CFA - INTER), INSTITUTE OF CHARTERED FINANCIAL ANALYST OF
INDIA, 1996
COMPUTER FOUNDATION COURSE, DELHI COMPUTER TRAINING CENTRE
DBASE PROGRAMMING, NIIT, DELHI.
UNIX, OPERATING SYSTEM, TATA UNISYS LTD.
PROFESSIONAL AFFILIATION
Associate Member, CMA
Associate Member, CS