Praveenchandra Hegde

CEO

Bengaluru, Karnataka, India18 yrs experience
Highly Stable

Key Highlights

  • Over 16 years of experience in financial management.
  • Expert in equity and debt funding strategies.
  • Proven track record in optimizing business profitability.
Stackforce AI infers this person is a Financial Management expert with extensive experience in BPO and Corporate Finance.

Contact

Skills

Core Skills

Financial ManagementStrategic Financial Planning

Other Skills

Business PlanningProject FinanceOperations ManagementWorking Capital ManagementCorporate FinanceFinancial AnalysisCost ManagementBudgetingForecastingLoan SyndicationsFinancial ReportingMergers & Acquisitions (M&A)Private EquityWealth Management ServicesHolistic Financial Planning

About

Performance-driven professional offering over 16 years of rich experience in Financial controllership, Business finance, Reporting, Budgeting, Working capital management, Debt Syndication, Equity funding, Financial/Business Analysis, Financial Management and Team Management with key focus on profitability and optimal resource utilization Industry Experience: BPO, Renewable Energy, Aerospace and Defense manufacturing, Information Technology, Packaging, Automotive, Leveraged skills in, business planning, (fund-raising both equity & debts), bank negotiations, cost reduction, and debtors monitoring, including HR, general administration, tax, legal & secretarial affairs Highly successful and proactive in designing new process Proficient in designing, building, and rolling out sophisticated financial models and templates for budgets, long-range plans and models to evaluate potential new business initiatives Experienced in spearheading end-to-end financial reporting operations & control, providing business advisory & recommendations and transitioning the financial & regulatory reporting process

Experience

18 yrs
Total Experience
5 yrs 2 mos
Average Tenure
2 yrs 4 mos
Current Experience

Pleasure spaces (india) pvt.ltd.

Chief Financial Officer

Jan 2024Present · 2 yrs 4 mos · Bengaluru, Karnataka, India · On-site

Ruralshores business services pvt ltd

Head of Finance

Mar 2021Nov 2023 · 2 yrs 8 mos · Hybrid

Dawn consulting

2 roles

Head of Finance

Promoted

Dec 2016Nov 2023 · 6 yrs 11 mos

  • Optimize Revenue – Estimating the business revenue line and ensuring that business practices are aligned to maximize revenue.
  • Cost - Analyzing, build a tight cost control culture to allow the biz to be profitable property wise.
  • Strategic Financial Planning & Analysis: Active participation in formulating long & short-term organizational strategy & business plans.
  • Internal Control: Setting up internal financial control mechanism and ensuring adherence
  • Budgeting & Forecasting: Leading monthly, quarterly and rolling annual budgets forecasting of business performances
  • Active participation in monthly reviews with senior management, board members and various stakeholders for the performance.
  • Identifying the key drivers of revenue and costs per property and develop a set of metrics which should be viewed and managed Daily, Weekly, Monthly, quarterly etc
  • Accounts Closing: Monthly and quarterly book closures to meet statutory requirements.
  • Overseeing and preparing income statements and manage all accounting operations including Billing, Receivables, Payables, cost etc.
  • To ensure timely statutory audit and compliances of filing of GST, TDS and all other direct and indirect taxes with Internal Team
  • Statutory: Ensuring compliance to all other statutory requirements including Company Law, Labour Law for different states and other state level compliances required in the industry etc
  • Preparation of documents and application of funding requirements, if any, from Banks or financial institutions including liaison with them for availing funds for long term as well as for short-term borrowing facilities
  • Cash Flow management: Review of fund positions with forecasting to ensure optimum liquidity.
  • Investments: Investing the surplus funds within approved investments opportunities
Business PlanningProject FinanceOperations ManagementWorking Capital ManagementCorporate FinanceFinancial Management+1

Senior Manager

Aug 2012Dec 2016 · 4 yrs 4 mos

  • Reviewing Business Model, Financial Model, Business Plan and Investor Pitch
  • Financial Structuring, Financial Analysis and Planning, Budgeting, Working capital management
  • Industry research
  • Financial Due Diligence
  • Interacting with Developmental agencies, Entrepreneurs and Investors
  • Preparing Business Plans, Financial Models and Investor Pitch for raising funds through PE/VC.
  • Making Business Valuations for the purpose of ESOP, Equity Investment and impairment testing under DCF, relative multiplier methods.
  • Virtual CFO services

Private financing advisory network (pfan)

Financial Services Consultant

Jan 2013Jan 2023 · 10 yrs · Bengaluru, Karnataka, India · Remote

Gmr group

Executive (F&A)

Sep 2011Aug 2012 · 11 mos · Bangalore

  • Preparing Audit committee presentations and consolidated Annual operating plans, variance analysis and profitability analysis to Corporate CFO
  • Preparation of account reconciliation as part of quarter-end procedures & other reconciliation in the schedule VI format for clause 41 reviews and statutory audit.
  • Involved in formulating accounting policies in Group.
  • Statutory audit support by preparing respective schedules and reconciliation.
  • Liaison with subsidiary companies for obtaining financial statements for consolidation purpose.

Udaya shetty & co

Article Assistant

Mar 2007Sep 2010 · 3 yrs 6 mos · Sirsi

  • Preparation of Project Reports, Analysis of Working Capital Requirements and Liaison with Banks for preparation of documents and execution of relevant agreements.
  • Preparation of Trial Balance and of Financial Statements and Finalization of Accounts including analysis of Final Accounts.
  • Statutory & Concurrent Audit of Nationalized and Private Banks,
  • Credit analysis and appraisal, Documentation of Advances.

Education

The Institute of Chartered Accountants of India

ACA — Accounting and Finance

Jan 2007Jan 2011

Karnataka University, Dharwad

B.Com — Accounting and Finance

Jan 2006Jan 2009

National Institute of Securities Markets (NISM)

Investments and Securities

Jan 2017Jan 2017

CFA Institute

CFA Level 2

Jan 2012Jan 2013

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