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CA SANJAY BOKADIA
SENIOR FINANCE PROFESSIONAL
20+ Years of Progressive Leadership Experience in Indian & MNC Corporation - Listed & Unlisted
A highly accomplished and action-oriented finance leader with a consistent track record of performance in the diversified
business sectors across Healthcare, Copper Alloys, EPC & Real Estate, Telecom, Pharma Ancillary & Paper & Floriculture.
Possess outstanding leadership skills in people & organization development, business collaboration & partnership, governance &
stakeholder relations. Highly analytical with outstanding commercial acumen and superior interpersonal skills, capable of resolving
complex issues in sales, marketing, procurement, supply chain, legal, human resources & information technology. Recognised for
bringing significant value through superior governance, focused commercial guidance and strategic decision support.
Proven Areas of Expertise
Notable Career Achievements
Independent Consultant-Finance, Strategy, Tax, M&A & Risk Management, Mumbai 07/2021- Present
• Virtual CFO: Providing business consulting & strategic decision support to SMEs & Start-Ups in the areas of finance, growth,
strategy, tax, risk management & financial performance improvements (Clients- Mumbai, Thane, Pune, Vadodara & Udaipur).
• Advisor-Audit, Assurance & Tax with Mayur R Shah & Co, Chartered Accountant, Mumbai, a 20 years old firm, providing
technical guidance, advisory and review projects in the areas of statutory audit, internal audit & income tax matters.
• Corporate Finance Consultant- leading fund raising, debt re-financing, balance sheet restructuring, investment and M&A
advisory projects. Currently handling 3 mandates on M&A, Strategic Investment & Capital Restructuring Projects.
Professional Work Experience
Designation Organisation Location Service Tenure
Group CFO Surya Hospitals Group (Mumbai, Pune & Jaipur - 4 Hospitals) Mumbai-India 07/2020 - 06/2021
35 years old leading chain of hospitals. Reported to the Group CEO, worked with the board and directed a team of 10, encompassing
Finance, Accounting, FP&A, Tax, Procurement, SCM, Projects, Legal, Billing, RCM, Internal Audit, Revenue Assurance & IT.
• Hired to lead growth, expansion/new specialities, M&A, financial transformation, cost optimizations, processes improvements,
implementing new HIMS systems, develop governance policies & processes & strengthen business & financial decision-making.
• Directed a team of 50 people- 4 hospitals and streamlined finance, procurement, billing, legal & IT operations. Built a strong 2nd
line team in the finance & procurement. Standardized policies and re-engineered financial processes and internal controls.
• Developed and implemented business improvement plans, resulted in quick recovery of revenue growth impacted by covid 19
to pre covid level. Performed detailed due diligence of 2 O&M opportunities. Turnaround Jaipur Hospital to EBITDA break-even.
• Re-negotiated leases- reduced rent by 10% for 2 years. Negotiated 10+ other supply & service contracts with significant saving
in operating cost. Achieved procurement savings by 18% and slashed SG&A cost by 10% through operational excellence.
• Implemented risk & governance framework, SOPs, ICFR & DOA. Formulated risk based internal audit plan & programs. Re-
designed MIS reporting & KPIs tracking systems. Implemented cost accounting system and strengthened legal processes.
• Reduced revenue leakages to 0.3% (1.5%). Saved doctor fee cost by 0.65% of revenue. Reduced ETR by 0.5%. Reduced DSO to
30 days (50), inventory holding to 15 days (30). Managed annual budget, quarterly forecasts & developed a 3 years LRPs.
• Strategic & Business Planning
• Strategy Development & Execution
• Budgeting, Forecasting & AOPs
• Domestic & International Tax
• Liquidity & Cash Flow Management
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• Financial Planning & Analysis
• Merger, Acquisition & Restructuring
• Accounting & Financial Reporting
• Internal Audit & Revenue Assurance
• Systems, Processes, Policies & SOPs
• Controllership & Business Partnering
• Fundraising, Treasury & Investment
• MIS, Business & Performance Analysis
• Governance & Risk Management
• IND AS, IFRS, USGAAP, SOX & IFC
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• Developed Strong 2nd Line Leadership Team in Finance
• Developed Data Driven Decision Making Processes
• Developed Tools & Processes for Planning & Forecasting
• Part of 10 M&A, JVs & O&M Deals ($60MM - $20BN)
• Led 3 Corporate & Legal Entity Restructuring Projects
• Led 100+ Cost Control & Process Improvement Projects
• Led IPO Readiness and Shared Service Projects
• Maintained 100% Integrity of Financial data/Reports
• Established Performance & Result Driven Culture & System
• Implemented Robust Governance & Risk Management System
• Designed MIS Reports & Real Time KPI Tracking System
• Achieved 90%+ Revenue, Profit & CF Targets (Last 10 Years)
• Led Debt Fund Raise worth $1 Billion (Project/Acquisition)
• Executed 5 Business Restructuring & Turnaround Projects
• Executed 5 Complex Tax Planning & Restructuring Projects
• Developed 500+ Financial Models, including Business Plans

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Director & Managing Partner DPR Capital Advisors Pvt Ltd Mumbai-India 07/2017 - 06/2020
Co-founded boutique investment & corporate finance advisory firm, providing advisory services in the areas of project funding,
debt restructuring, M&A, capital/balance sheet restructuring, start-up incubation, investment management & outsourced CFO.
• Led a team of 5 partners, delivered debt funding/re-financing projects worth $100MM.Advised on 2 SME IPO readiness projects.
Led 3 balance sheet restructuring projects and developed 14 project reports and strategic business plans for start-ups and SME.
• Acted as Virtual CFO & business consultant for 15+ SMEs & Start-Ups. Led 50+ tax planning, structuring & advisory projects
(domestic & international tax). Achieved cost savings in excess of $1.2MM for various clients.
• Led multiple consulting projects to identify process control gaps and instrumental in re-engineering & automation of financial
processes (P2P, R2R & O2C) including implementation support of ERP/BI/HIMS/IT systems.
Group CFO Indigo Metals Group (Non-Ferrous Metals) Mumbai-India 01/2013 - 06/2017
ISO9001:2008 certified manufacturer of copper & copper alloys products, providing metallurgical solutions to ACR, Heat
Exchanger, O&G, electric cable & Ship Building sector. Reported to the MD and directed a team of 12 (Direct Reports).
• Hired to lead business turnaround, debt restructuring, increase capacity utilisation, product diversification, job work & contract
manufacturing, improve operating & overhead cost and strengthen commercial and strategic decision-making processes.
• Directed a team of 30 people across finance, strategy, corporate development, SCM, import & export, legal & IT. Streamlined
systems, processes and policies, implemented SOPs and cost accounting systems and restructure plant commercial operation.
• Partnered with MD by providing value-based consultation to achieve revenue growth of CAGR 18% for FY13-17 to (FY13: 10%),
EBITDA margin 14% (FY13: 9%) and increased capacity utilisation to 60% (FY13: 40%) within 9 months.
• Increased price realization by 9% per kg (product mix). Reduced fabrication cost by 3.5% per KG (productivity). Slashed annual
SG&A cost by $2 MM. Negotiated $8.5MM debt restructuring. Instrumental in finalising JVs with a leading Metal Trading Group.
• Reduced working capital cycle to 30 days (50). Reduced DSO to 40 days (70) and inventory holding to 7 days (15). Successfully
handled VAT & Income Tax Litigation of last 5 years & represented company with tax authorities to resolve pending litigation.
CFO - West, South & East Fortis Healthcare Ltd Bengaluru-India 12/2009 - 01/2013
Integrated healthcareservices provider, with 4,000+ operationalbeds & over400 diagnostics centres.Reported to theCEO, worked
with the COO, Board & Unit leadership team (14 Hospitals-Mumbai, Bengaluru, Chennai & Kolkata) and directed a team of 8.
• Hired to lead Wockhardt Hospitals acquisition, drive growth- M&A, JV, O&M, capacity expansion, improve cost & profitability,
restructure accounting & finance operation and strengthen business planning & strategic decision-making process.
• Led a team of 150 people (14 Hospitals) in Finance, Strategy, Capex Procurement, Legal, Billing, RCM & IT. Set-up HO finance &
controlling function from scratch. Streamlined finance, billing, legal & IT operations. Implemented SOPs, ICFR & DOA.
• Integrated $160MM Wockhardt Hospitals acquisition. Developed & implemented business improvement plans. Achieved 30%
CAGR revenue growth (FY10: 12%) & EBITDA Margin of 15% (FY10: 11%). Turnaround 4 hospitals to EBITDA break-even.
• Led fund raising projects worth $1BN+ (expansion, new projects & acquisition). Led 5+ JV, O&M, Asset Lease Deals & Green Field
Projects. Slashed annual SG&A cost by $3MM through operational excellence. Reduced doctor fee by 1.5%, revenue leakages to
0.3% (0.7%) & TPA disallowance to 1.5% (4%). Reduced DSO to 25 days (50 days) and Inventory holding to 21 days (40 days).
• Key team member of projects - business re-organisation, corporate restructuring, shared services, RHT REIT listing-SGX, Oracle
& HIMS integration, pathology and support services outsourcing, leasing of property and procurement of medical equipment’s.
VP – Finance & Head Group Operation Al Fara’a Construction & Engineering Group UAE 09/2008 - 08/2009
Head–Corporate Finance & Accounts Vodafone India Ltd (Hutch Essar) Mumbai 07/2006 - 07/2008
Sr Manager–Corp Finance & Accounts Tata Communication Ltd (VSNL) Mumbai 05/2005 - 07/2006
Manager – Corp Finance & Accounts ACG Worldwide (Associated Capsules) Mumbai 09/2002 - 10/2004
Manager – Finance & Accounts Mahadev Paper/Deccan Flora Base Ltd Mumbai 01/1995 - 09/2002
Article/Audit Clerk (Intern) Sampati Lal Bohra & Co, CA Udaipur 10/1991 - 09/1994
Detailed Role, Responsibilities & Achievements will be available on request- Managed Diverse Portfolio
Qualification & IT Skills
▪ Chartered Accountant form the Institute of Chartered Accountants of India, New Delhi, 1997 (Final 1st Attempt)
▪ Bachelor of Commerce (B. Com) from the Mohan Lal Sukhadia University, Udaipur, Rajasthan, 1991 (Throughout 1st Class)
▪ IT Skills/Financial Systems: SAP, Oracle, MS NAV, Hyperion, Healthcare HIMS, Tally, QuickBooks & MS Office
Additional Information
Language: English & Hindi | Age: 49 | Marital Status: Married | Notice: 30 Days | Relocation: Open |Compensation: Negotiable
Contact: Mobile: +91 9867374066 | Email: sanjaybokadia@yahoo.co.in | Current Location: Mumbai
LinkedIn: https://www.linkedin.com/in/bokadiasanjay/
Professional references of repute will be available from industry CXO, ex-reporting managers & colleagues & BIG4 audit firms