Komal Sevak
Dubai
Summary
Chartered accountant with more than 15 years of experience in the fields of Financial Management, Corporate Tax, VAT, Transfer Pricing, FEMA Regulations, M&A Activities, External Audit of listed and non-listed companies, LLP, Bank Audit, Internal Audit, Accounting, Consultancy, Business Advisory, Due Diligence, and Certification Services. Having industrial experience in AV Industries, manufacturing, retail, construction, real estate, media, power transmission, pharmaceuticals, health care, hospitality, software services, and BPO/KPO.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Head of Finance and Tax
Mindstec Distribution FZCO
Dubai
12.2023 - Current
- Leading the finance and tax function for a diversified group of companies with operations in Dubai, Egypt, South Africa, India, and KSA. Trusted advisor to the board on M&A opportunities, risk, and investment planning.
- Analysis of various monthly and yearly reports of the group companies. Verifying the details, and advising on the improvement of books, financials, and reports.
- Preparation of the valuation report. Making due diligence for deal structuring and negotiation, and advising on investment plans.
- Oversee the company’s tax strategy, and ensure compliance with UAE tax laws, international taxation standards, and corporate governance regulations.
- Develop and implement tax-efficient structures to minimize tax liabilities while optimizing financial performance across different regions.
- Collaborate with external auditors, legal advisors, and tax consultants to ensure regulatory compliance, and smooth financial operations.
- Coordinate with internal departments to assess and improve operational efficiencies, and streamline financial processes.
- Managed all aspects of financial operations, including financial reporting, cash flow management, capital expenditure, and internal controls.
- Closely assessing the receivables and payables, improving the cash flow, and allocating the funds for short-term and long-term needs of the business.
- Leading negotiations, optimizing relations, and handling the requirements of the banks.
- Handling the customers and suppliers, and negotiating the contracting terms, credit tenure, payment modes, and closing the projects.
- Ensuring statutory compliance with regulatory requirements. Handling external auditors for finalizing the books of accounts and presenting the same to the stakeholders.
- Reduced annual business expenditure through careful expense monitoring.
Managing Partner
R.M. Ajgaonkar & Associates (CA Firm)
Mumbai
10.2013 - 10.2023
- Lead the Indirect Tax, Direct Tax and Corporate Tax Department.
- Managed the work relating to Litigations, Tax planning, Tax Advisory and strategies for various Corporate and HNIs Clients.
- Represented before tax authorities for litigation audit, scrutiny and assessments.
- Ensured timely filing of Income Tax, Transfer Pricing, TDS, VAT, GST and other statutorily required returns and forms.
- Provided effective support during tax audits, entailing for developing audit strategy.
- Advised clients relating to financial planning, optimising the resources and increasing the revenue.
- Handled work relating to External and Internal Audit of Listed Companies, Public Limited Companies, Private Limited Companies and LLPs'.
- Ensured the regulations relating to Companies Act, FEMA, RBI, SEBI, RERA and other compliance has been complied.
- Managed Bank branch concurrent and statutory audits.
- Handled business advisory, consultancy and due diligence.
- Designed the various solutions on improving internal control systems to maintain integrity & accuracy of reports for corporate clients.
- Handled assignments of accounting for various entities.
- Based on the requirement of the clients issued various certificates to comply with RBI, Companies Act, Income Tax, Due Diligence and other statutory requirements.
- Directed the team of 30 members, conducting their tannings on various topics;
Head of Tax
R.M. Ajgaonkar & Co. CA Firm
Mumbai
06.2011 - 09.2023
- Leading the team for Accounting and Tax compliances for clients.
- Managed timely completion of statutory due dates.
- Tax advisory and Tax planning for Corporate and High Net- Worth Individual Clients for Direct and Indirect Tax.
- Income Tax return preparation and return filing for corporate entity and Individual Clients.
- Handled scrutiny matters for Direct and Indirect taxes for all entities.
- Managed workload for portfolio of more than 150 clients.
- Managed team of 7 members.
- Acted as point of contact for tax-related queries, disseminating expert knowledge to clients.
Articled Assistant
Gandhi & Parekh
Mumbai
02.2007 - 02.2011
- Accounting for Group Companies.
- Statutory audit of Listed and Private Limited Companies.
- Concurrent Audit of Bank and Statutory Audit of Bank Branch.
- Handled Documentation for audit papers.
- Handled team of 4 peoples.
Education
Chartered Accountant -
Bachelor of Commerce -
Skills
- Business development
- Financial strategy and planning
- Tax strategy implementation
- System automation
- Corporate governance and internal controls
- Negotiation and deal structuring
- Leadership and team development
- Effective communication
Accomplishments
1. Automated system implementation: successfully led the customization and implementation of an automated system within the company’s legacy accounting software, streamlining financial reporting processes, and reducing manual data entry
2. Enhanced financial reporting: improved the accuracy and presentation of the company’s financial books by revising and updating historical entries, resulting in better alignment with the standards and enhanced clarity for stakeholders
3. Cost reduction and profit optimization: identified and executed strategic cost-saving measures, resulting in a reduction in expenses and a 1% increase in net profit, contributing directly to the company’s bottom line
Certification
- Certificate of Company Secretary of India
Languages
Gujarati
First Language
Hindi
Proficient (C2)
C2
English
Proficient (C2)
C2
Marathi
Intermediate (B1)
B1
References
References available upon request.
Timeline
Head of Finance and Tax
Mindstec Distribution FZCO
12.2023 - Current
Managing Partner
R.M. Ajgaonkar & Associates (CA Firm)
10.2013 - 10.2023
Head of Tax
R.M. Ajgaonkar & Co. CA Firm
06.2011 - 09.2023
Articled Assistant
Gandhi & Parekh
02.2007 - 02.2011
Chartered Accountant -
Bachelor of Commerce -
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