Ritesh Joharapurkar
Kuwait
Summary
Finance professional with strong expertise in business partnering, working capital management, and financial planning and analysis. Skilled in financial reporting and tax compliance, with extensive experience using ERP systems such as SUN, Oracle, and SAP. Proven ability to implement internal controls and manage risks while engaging stakeholders to achieve organizational goals. Focused on leveraging financial insights to improve strategic decision-making and enhance business performance.
Overview
21
21
years of professional experience
15
15
years of post-secondary education
Work history
Group Finance Manager
Kharafi Global General Trading
Kuwait
2023.04 - 2026.02
- Oversaw finance operations for homegrown and franchise F&B brands in Kuwait, Qatar, Bahrain, and KSA.
- Streamlined working capital management to enhance cash flow efficiency.
- Contributed to regional strategy formulation to support business objectives.
- Cultivated a competent team focused on timely delivery and accuracy of MIS.
Finance Controller/Engagement Leader
MyCFO (Practus Advisors Pvt Ltd)
Mumbai, India
2021.06 - 2022.12
- Directed CFO mandates to establish Finance functions for various clients.
- Developed SAP training programme, enhancing overall SAP utilisation.
- Implemented physical stock take for steel inventory, ensuring accurate inventory reconciliation.
- Prepared reports compliant with Abu Dhabi Global Market requirements for SPV.
- Facilitated Finance function to enable monthly P&L, Balance Sheet, and MIS reporting.
- Established investor reporting preparation processes and templates for tracking working capital.
- Initiated consolidation of financials across multiple countries.
Head of Finance - Kuwait & Qatar
Landmark Group
Kuwait
2014.02 - 2019.12
- Directed team of 14 across two countries, overseeing Controllership, Purchasing, and IT for seven legal entities with 37 outlets in diverse sectors generating $70 million annually.
- Established HR and Admin support functions for Kuwait from scratch, enhancing operational support and corporate reporting.
- Completed overdue accounting, complex inventory, and intercompany reconciliations for Qatar within three months of assuming responsibility.
- Ensured timely submission of clean annual and internal audit reports for seven legal entities since date of hire.
- Monitored capital expenditure projects worth $35 million, focusing on vendor selection, budget tracking, cash flow management, and capitalisation control.
- Restructured support functions to consolidate responsibilities and streamline systems, achieving over 15% savings in staff costs, amounting to $100,000 annually.
- Negotiated commercial contracts leading to savings exceeding 1 million AED in cash handling, leases, IT support, and delivery operations with no disruption to services.
- Reduced time for filing annual tax returns and submitting audited statements from 20 days to 15 days.
Manager – Operational Planning & Controlling
BASF India Ltd
Mumbai, India
2012.02 - 2013.04
- Led business controlling for Crop Protection division in South Asia, generating over $100 million annually.
- Coached and provided thought leadership to over 10 team members across various business units.
- Collaborated with Singapore regional team on consolidated MIS, budgets, and forecasting for management reporting.
- Developed credit control policies and incentive calculation templates for over 5000 channel partners, reducing defaults and improving DSO.
- Optimised variable payment terms with sales team, decreasing payout days from 65 to 45.
- Delivered financial consultation for make/buy decisions and product pricing strategies.
- Maintained strict control over regional budget, ensuring margin compliance with transfer pricing guidelines.
- Achieved finalist status for Global Business Partnering Award in 2013.
Manager – Corporate Accounts
Mahindra & Mahindra Ltd
Mumbai, India
2009.12 - 2012.01
- Finalised quarterly and yearly consolidated accounts for over 130 subsidiaries.
- Prepared presentations for Board meetings, tracking CSR expenditure across group companies.
- Compiled board-level MIS for key operating subsidiaries to enhance decision-making.
- Developed FFC template to implement IFRS/Ind-AS, expediting new GAAP integration.
- Collaborated with Group Controller to establish CSR spend targets for over 80 Indian subsidiaries.
- Contributed to preparation of first consolidated accounts post-Mahindra takeover of Satyam Computer Systems, earning Certificate of Appreciation.
- Created consolidated budgets at group level, incorporating minority interest and deemed divestitures.
Assistant Manager - Commercial
Saint Gobain Gyproc India Ltd
Mumbai, India
2007.05 - 2009.11
- Led commercial department for Plasters product division, driving profitability through strategic partnerships with VP, Finance Director, and MD.
- Conducted raw material sourcing, cost analysis, and negotiations with suppliers, enhancing gross profit by approximately 5%.
- Identified revenue leakage due to excess octroi payments, saving $10,000 annually by rectifying internal order types in ERP.
- Established credit control systems for unorganised sector customers, reducing DSO from 90 days to 60 days within one year.
- Championed compliance with The Standards of Weights & Measures Act to uphold legal standards in operations.
- Negotiated advantageous rate contracts with key customers and vendors to optimise costs.
- Developed financial model to inform make/buy decisions and plant operational strategies.
- Collaborated with Finance Director and EY on Clean Development Mechanism project to explore carbon credit savings.
Finance Controller
ABB Ltd
Nasik, India
2005.08 - 2007.05
- Confirmed as Controller for Outdoor Circuit Breaker Business after management trainee role.
- Independently consolidated plant-level MIS for five SBUs across regional, national, and global levels.
- Oversaw MIS consolidation and variance analysis for Global Outdoor Circuit Breaker business across five countries.
- Facilitated sharing and implementation of best practices among all business units.
- Controlled DSO within acceptable parameters to maintain positive operating cash flow.
- Participated in SOX implementation to enhance compliance frameworks.
- Reconciled monthly intercompany balances with over 30 countries, achieving zero discrepancies.
Education
Certificate Course - GST
Institute of Chartered Accountants of India (ICAI)
New Delhi, India 2021.11 - 2021.12
Company Secretary - Corporate Law
Institute of Company Secretaries of India (ICSI)
New Delhi, India 2004.12 - 2010.12
Chartered Accountant - Finance & Accounting
Institute of Chartered Accountants of India (ICAI)
New Delhi, India 1999.05 - 2004.11
B.Com - Accounting
University of Pune
Pune, India 1999.04 - 2002.03
Skills
- Business partnering
- Working capital management
- Financial reporting
- Tax compliance
- Financial planning and analysis
- ERP systems: SUN, Micros, MC, Oracle, SAP, Xero
- Internal controls and risk management
- Stakeholder engagement
Accomplishments
- 39th in the merit list in SSC examination
- 15th in the merit list of High School Scholarship Examination
Languages
English
Native
Hindi
Native
Marathi
Native
Affiliations
- Reading poems
- Cooking
Personal Details
Month/Year of Birth : January 1982
Marital Status : Married
Current Location : Kuwait
Timeline
Group Finance Manager
Kharafi Global General Trading
2023.04 - 2026.02
Certificate Course - GST
Institute of Chartered Accountants of India (ICAI)
2021.11 - 2021.12
Finance Controller/Engagement Leader
MyCFO (Practus Advisors Pvt Ltd)
2021.06 - 2022.12
Head of Finance - Kuwait & Qatar
Landmark Group
2014.02 - 2019.12
Manager – Operational Planning & Controlling
BASF India Ltd
2012.02 - 2013.04
Manager – Corporate Accounts
Mahindra & Mahindra Ltd
2009.12 - 2012.01
Assistant Manager - Commercial
Saint Gobain Gyproc India Ltd
2007.05 - 2009.11
Finance Controller
ABB Ltd
2005.08 - 2007.05
Company Secretary - Corporate Law
Institute of Company Secretaries of India (ICSI)
2004.12 - 2010.12
Chartered Accountant - Finance & Accounting
Institute of Chartered Accountants of India (ICAI)
1999.05 - 2004.11
B.Com - Accounting
University of Pune
1999.04 - 2002.03