PIYUSH BHANDARI

132 Vaibhav Apartments, 62 E.V.K. Sampath Road, Vepery, Chennai – 600 007, Tamilnadu, India
Phone: +91-44-26618238, 4260 1881 Hand phone: 9840302727
Email: pbhandari@eth.net
Date of Birth: 21st December 1981

CHARTERED ACCOUNTANT

PROFILE
• In depth exposure to Financial & Corporate planning, Investment Decisions, Business Process
Restructuring, Mergers & Acquisitions & Audits
• Practical application of SAP with domain expertise in Finance, Sales, Production, HR and other modules
• Hands-on experience of Audits of Public Ltd. & Private Companies across Engineering, Pharmaceuticals,
Petrochemicals, Tea, Finance, Services, Manufacturing industries
• Awarded ‘Employees of the Year’ in 2004-05 at the Sanmar Group
• Received the prestigious award for ‘Exceptional Performance’ in 2004-05
• Young Managers Award in 2005 at the Madras Management Association Young Managers’ Competition
• A team leader and a player with exceptional interpersonal skills and analytical bent of mind and a track record
of quality work and timely execution

PROFESSIONAL EXPERIENCE

 SANMAR ENGINEERING CORPORATION LTD., CHENNAI

Sanmar Group is Rs.15 billion corporation with presence in 15 businesses with units over 10 locations in India. The group
businesses are grouped in industry segments–PVC, Chlorochemicals, Specialty Chemicals, Shipping, & Engineering. Sanmar
Engineering Corporation Ltd. - a JV between Flowserve, BS&B, Emerson Group & Tyco

o Executive Assistant to CEO Mar 2004 - Jul

2005
o Finance – Executive Manager (Corporate Planning & Strategy) Aug 2005– Jun
2006
(Reporting to the CFO)

ROLES & RESPONSIBILITIES:

Analysis & Problem Solving

• Financial Restructuring: Spearheaded restructuring of the business processes and review of internal controls
resulting in improved planning and significant savings to the tune of Rs. 35 million
• AR Management: Played a vital role in significantly improving the quality of Accounts Receivables and also
reduction of overdue by nearly Rs. 50 million by developing credit policies, instituting aggressive collection
strategies and developing a reporting & tracking tool in SAP that facilitated timely collection and action
• Benchmarking: Benchmarking & analyzing Balance sheet of competitors and market leaders in the industry to
bring about improvement in financial & operational parameters
• Merger & Acquisitions: Worked on a number of M&A deals which included valuation of businesses for
acquisitions towards market consolidation and business growth challenges
• Monthly Financial Reporting

Leadership & Teamwork

• Budgeting: Spearheaded the budgeting process for 9 entities which included revenue forecasting, manpower,
evaluation of capital requirements, working capital management etc
• Recognized for ability to develop consensus for strategic planning among all stakeholders
 Strategic Initiatives
• Instrumental in developing 35 analytical tools in SAP (ERP Software) to facilitate analysis and corrective action in
financial and operational activities
• Played a key role in developing process manuals for planning, sales and quality to educate new and existing
employees
• Instituted new inventory control system and developed excess inventory reporting system that reduced the
overall inventory

 PB ASSOCIATES, CHENNAI Aug 2003 – Feb 2004

A Chartered Accountants firm

o Manager

 R. SESHAN & CO., CHENNAI Jul 2000- Jun

2003
A Chartered Accountants firm

o Audit Executive

EDUCATION AND PROFESSIONAL DEVELOPMENT

Chartered Accountant
The Institute of Chartered Accountants of India
November 2003

Masters in Commerce
Madras University
2002-2004

Bachelor of Commerce
Loyola College, Madras
1999-2002

COMPUTER SKILLS : SAP - Domain expertise in Finance, Sales, Production, HR and other modules
MS Office

LANGUAGES KNOWN : English, Hindi and Tamil

EXTRA-CURRICULAR ACTIVITIES: Yoga, Tennis, Quizzing

REFERENCES: Available on Request