Rakesh Sud 7373+contacts sud.rakesh at g mail

Current

Consultancy/Teaching at Confidential Orrganisation

Past

Chief Group Financial Officer at Africa Logistics
Chief Financial Officer at Nagode Industries Limited
Chief Accountant at GMT Limited

DGM-Internal Audit at Ispat Industries Ltd
Director at Shellya Group
Project Accountant at Reckitt & Colman of India Ltd
Consultant at A F Ferguson & Co

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Education

St Columbas High School
Institute of Chartered Accountants of India
Institute of Cost and Work Accountants of India

St. Stephen's College
Saint Mary's School Byculla, Mumbai (Blue Tie)
Bangalore
Indian University

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4 more...

Recommended

6 people have recommended Rakesh

Connections

500+ connections

Industry

Education Management

Rakesh Sud 7373+contacts sud.rakesh at g mail’s Summary

Over 25 years of hands-on experience in all aspects of Finance and Accounts, IT, Cost, Internal & Operational Audit, Cost and Financial Accounting, Management Consultancy including implementation of strategies, Project Appraisal, developing optimal strategies and modifying considering soft issues, Auditing concurrently and post-facto, Internal Control, Treasury Management, Corporate Group Reporting, Financial Management. Business Continuity Planning and Corporate Governance including 3.5 years in Nigeria.
Ensuring all internal control systems are reliable, relevant, adequate and effective and identify areas of revenue leaks and sub-optimal work. Suggest and implement changes in procedures and practices and ensure process adherence.
Proficient in planning and budgeting cost analysis, working capital monitoring & management, profit monitoring and building internal financial controls relevant to business objectives, which safeguard assets without stifling initiative.
Special skills in development of MIS from Accounting, operational and service data and deciding reporting and ensuring it happens in a timely manner for enabling strategic and operational management decisions.
Identify potential Business risks and ensure minimum exposure, highlighting unprotected risks leading to exposure, revenue leakage areas and suggest fixes. Prepare exposure document highlighting uncovered potential risks.
Conducted business analysis of two corporate acquisitions, resulting in substantial savings and strategic advantage.
Reengineered staff functions resulting in enhanced productivity and quality control.
Create and maintained Fiduciary Policies and Procedures Manual, which provided operational guidelines for company-wide institutional staff.
Develop & implemented Risk Analysis Policies & Procedures to mitigate business risks.
Created comprehensive and effective EDP, Internal Audit and Self-Inspection Programs.

Rakesh Sud 7373+contacts sud.rakesh at g mail’s Specialties:

Passed CISA,CISSP and DISA Exams.Experienced internal auditor, cost reduction and loss control professional with excellent communication, analytical, people management, crisis management and decision-making skills. Financial Management. Business Continuity Planning and Corporate Governance including 4 years in Nigeria.
Proven leader with hands on experience and success in development, implementation and monitoring of loss prevention, productivity improvement & risk management programs.

Rakesh Sud 7373+contacts sud.rakesh at g mail’s Experience

Consultancy/Teaching

Confidential Orrganisation

(Consumer Services industry)

August 2009 — Present (5 months)
Chief Group Financial Officer

Africa Logistics

(Logistics and Supply Chain industry)

April 2009 — July 2009 (4 months)

Based in East Africa
Chief Financial Officer

Nagode Industries Limited

(Chemicals industry)

June 2008 — April 2009 (11 months)
Chief Accountant

GMT Limited

(Logistics and Supply Chain industry)

June 2006 — May 2008 (2 years )

Looked after banking and accounting for a logistics company with US$1.5 million per day turnover
DGM-Internal Audit

Ispat Industries Ltd

(Public Company; 10,001 or more employees; Mining & Metals industry)

August 2004 — June 2006 (1 year 11 months)

•Worked in Internal Audit Function of Company in Iron and Steel Industry. Posted to International location in Africa and absorbed to first work in and then to head Internal Audit & Risk Management Function at Ajaokuta and subsequently head Internal Audit & Risk Management Function for all locations at Africa based at Delta Steel Company.
•Managed accounts, cash and bank handling, takeover, fund raising, government dealing, crisis management, cost reduction, operational issues, development of vendors and labour contractors, negotiation, employee dealing etc.
•Brought about very substantial change in Government Internal Audit Department into an effective Department taking the high moral ground, reducing fraud and effectively bringing cost reduction and improving systems and procedures
•Managed logistics, import and export documentation and clearing operation including despatch from own jetty. Fund planning & prioritisation in face of funds crunch and huge backlogs..
Director

Shellya Group

(Privately Held; 201-500 employees; Packaging and Containers industry)

February 1989 — July 2004 (15 years 6 months)

Set up the financial, costing and management accounting systems and steered it through horizontal / vertical growth, using the available management talent. Successfully managed the operations, finance and accounts of the company
Induction of public limited Company, Mysore Chemical Manufactures Ltd into the group.
Controls -use of power, wastage reprocessing, variation in denier resulting in quality improvement & cost reduction.
Effective use of tax planning including but not confined to using multiple entities kept separate in running and management to enjoy benefits of tax regime within the legal limits.
Enhancement of the available resources was achieved by arranging financial facilities of over Rs. 5 crores with banks / financial institutions in form of term loan / working capital funds / hp / lease / ncd issue.
Annual turnover of the group during my tenure grew from a Rs.1.1 crore to Rs.18.5 crore ((US$4.2 million)
Project Accountant

Reckitt & Colman of India Ltd

(Pharmaceuticals industry)

March 1987 — January 1989 (1 year 11 months)

• Instrumental in setting up/improving internal processes for existing R&D set- up and plant for aromatics and bulk -drugs
• Played a key role in setting up the Mysore Factory including identification of location, feasibility, planning, licenses, procurement, installation, setting up procedures, recruitment and starting up operations
• Managing day-to-day commercial functions of Multi-purpose Chemical Plant including administration, finance, taxation, purchases and sales, exports, imports and administration/personnel.
Consultant

A F Ferguson & Co

(Partnership; 501-1000 employees; Management Consulting industry)

July 1983 — February 1987 (3 years 8 months)

Joined as an Assistant Consultant directly after passing CA. Promoted as a Consultant.
• Marketing study regarding feasibility of a project for bicycle engines.
• Study of a water supply and drainage State Government Board and improvements in procedure.
• Costing system in a Shipyard- design and implementation
• Purchase, payment & accounting systems in State Government Undertaking buyer of rice crop and vice-versa in sale
• Teaching and implemented double entry accounting in electricity boards throughout India.
• Helped provide cost-effective solutions to help customers to meet their strategic business needs.

Rakesh Sud 7373+contacts sud.rakesh at g mail’s Education

St Columbas High School

ISC , Science , 1964 — 1990
Institute of Chartered Accountants of India

CA , Chartered Accountancy , 1979 — 1982
Institute of Cost and Work Accountants of India

Grad CWA , Costing , 1979 — 1982
St. Stephen's College

1976 — 1979
Saint Mary's School Byculla, Mumbai (Blue Tie)

ISC , Science , 1965 — 1970
Bangalore
Indian University

Additional Information

Rakesh Sud 7373+contacts sud.rakesh at g mail’s Groups:

Bangalore Club, Nigeria Circle, Job seeker, Sud Biradiri, Chartered Accountant, India friends, Nigeria Stocks, Certified Information Systems Auditor, CISSP, UK Immigration, Importing into Nigeria, Blade, Open networker, Finance Professional, Delhi University, Indian

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