A highly accomplished finance & business management professional, a visionary, energetic, lifelong learner, hands on, down to earth, non-egoistic, supportive, team builder with strategic mindset, analytical thinking, quality conscious, eye for details, focused, determined, decisive and led by examples. Acted as a co-pilot, business navigator, growth catalyst, technology enabler & change agent with 25+ years of experience in manufacturing & service sectors with Indian & MNC corporation- listed & unlisted across Healthcare, Nonferrous Metals, Construction & Engineering, Telecommunication, Pharma Ancillary & Paper. Possess demonstrated capabilities in managing rapid growth, P&L as well as turnaround, while keeping a close eye on governance & organizational development. Recognised for bringing significant value through superior governance, focused commercial guidance and strategic business decision support. Apt in establishing business partnership, influencing decisions & developing actionable insights to deliver stellar results with outstanding leadership skills in strengthening stakeholder relations, people & organisation development, capability building, technology up-gradation, processes digitization & Improvements. Champion in driving revenue growth, improve profitability, leading growth initiatives, participating in business planning & strategic decision making with CEO & the Board. Beside my career in finance, I am extremely passionate about sports & athletics that keep me fit & energetic. I am an avid reader with an interest in the SDGs, ESG, Tree Plantation, Water Conservation, Animal Welfare, Healthcare, Education, Economics, Tax & Fiscal Laws & Technology Innovation.

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CA SANJAY BOKADIA
Kandivali - East, Mumbai - India
Mobile: +91 9867374066 | Email: sanjaybokadia@yahoo.co.in
CFO | VP- FINANCE | FINANCE DIRECTOR
A highly accomplished finance & business management professional, a visionary, energetic, lifelong learner,
hands on, down to earth, non-egoistic, supportive, team builder with strategic mindset, analytical thinking,
quality conscious, eye for details, focused, determined, decisive and led by examples. Acted as a co-pilot,
business navigator, growth catalyst, technology enabler & change agent with 25+ years of experience in
manufacturing & service sectors with Indian & MNC corporation- listed & unlisted across Healthcare,
Nonferrous Metals, Construction & Engineering, Telecommunication, Pharma Ancillary & Paper.
Possess demonstrated capabilities in managing rapid growth, P&L as well as turnaround, while keeping a
close eye on governance & organizational development. Recognised for bringing significant value through
superior governance, focused commercial guidance and strategic business decision support.
Apt in establishing business partnership, influencing decisions & developing actionable insights to deliver
stellar results with outstanding leadership skills in strengthening stakeholder relations, people &
organisation development, capability building, technology up-gradation, processes digitization &
Improvements. Champion in driving revenue growth, improve profitability, leading growth initiatives,
participating in business planning & strategic decision making with CEO & the Board.
Beside my career in finance, I am extremely passionate about sports & athletics that keep me fit & energetic. I am
an avid reader with an interest in the SDGs, ESG, Tree Plantation, Water Conservation, Animal Welfare,
Healthcare, Education, Economics, Tax & Fiscal Laws & Technology Innovation.
CORE QUALIFICATIONS
Director-Audit, Assurance, Tax & Risk Advisory | Finance & Business Consultant | Mumbai July, 2021 – Till Date
• Director - Audit, Assurance, Tax & Risk Advisory with Mayur R Shah & Co, a Chartered Accountant firm,
established in 2003. Leading team in statutory and tax audit, internal audit, Tax & GST advisory.
• Working as part time/virtual CFO for SMEs & Start-ups- IT managed services, nonferrous metals trading,
industrial engineering, medical/ortho aid products, renewal energy, marble stones & handicraft products.
• Managing projects of fundraising, debt refinancing, PE/VC funding, SME IPO & business growth & profitability
improvements advisory projects, including investment management advisory to few HNIs.
Surya Hospitals Group | Mumbai July, 2020 – June, 2021
Group CFO
Leading chain of hospitals (Mumbai, Pune & Jaipur- 4 SBUs), providing healthcare services since last 35 years.
Reported to the Group CEO, worked with the MD & the board and directed a team of 10 (Direct Reports).
• Hired to lead growth, business restructuring & turnaround, improve cost & processes, implement governance
standards, strengthen decision-making process & streamlined finance, procurement, legal & IT functions.
• Supervised a team of 50+ person in finance & accounting, MIS & board reporting, financial planning, business
analysis, treasury, capex, taxation, procurement, supply chain, internal audit, RCM, legal, compliance & IT.
• Built a strong 2nd line in finance, treasury, procurement & revenue assurance. Implemented risk & governance
framework, cost accounting framework, standardized & re-engineered financial policies, processes & controls.
• Formulated business and financial strategies. Executed business recovery plan, impacted by covid, resulted
in recovery of revenue and EBITDA to pre-pandemic levels within 9 months.
 P&L Ownership, Cost & Profitability Management
 Fundraising, Investment & Cashflow Management
 Budgeting, Financial Planning & Forecasting
 Controlling, Accounting & Financial Reporting
 Internal Audit, Systems, Processes & Policies
 Fiscal & Productivity Tool Design & Execution
 Organisation & Process Re-engineering
 Growth, M&A, Strategy Development & Execution
 Governance, Compliance & Risk Management
 Domestic & International Taxation / Compliances
 MIS, KPIs Tracking & Performance Monitoring
 Business & Commercial Operation Management
 INDAS, IFRS, USGAAP, SOX, IFC & SEC Reporting
 Talent Selection, Retention & Development

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• Managed annual budget and quarterly forecasts. Performed value added analysis on risk and opportunities
and presented options to the CEO & Sales team to make informed decisions, that delivered revenues & profits.
• Initiated & developed a detailed 3 years strategic business plan with setting targeted KPIs and goals for each
speciality/SBUs to double the revenue and EBITDA margin of 21% (FY22-24).
• Achieved cost savings: procurement US$615K, doctor fee US$370K & SG&A cost US$430K. Reduced rev
leakages: 0.3% (1.5), TPA disallowance: 1% (2.5), DSO 30 days (60) & inventory holding to18 days (35).
• Evaluated 2 O&M opportunities (Mumbai & Nasik), including high level business due diligence, market
feasibility & built detailed business models/plan to assess capital investment, growth and EBITDA earnings.
• Developed risk based internal audit plan & programs, including finalisation of audit tools & methodologies.
Monitored audit quality & process effectiveness & achieved GRC score >85% for FY 20 internal audit review.
• Developed robust MIS & KPI tracking system. Standardized doctor’s engagement contracts, outsourced
medical record management and put in place legal process framework to mitigate risk of medico litigation.
• Streamlined accounting, reconciliation, FP&A, procurement, SCM, billing, credit & collection, IT & business
analytics, resulted in improved data accuracy, reliability, resource productivity & process controls.
DPR Capital Advisors Pvt Ltd | Mumbai July, 2017 – June, 2020
Director & Managing Partner
Corporate finance advisory firm, serving clients in the areas of project funding, debt restructuring, M&A, DD, start -
up incubation, investment management, tax & outsourced CFO advisory. Led a team of 5 partners.
• Worked with start-ups & SMEs as finance advisor & consulting CFO in IT Product, IT Managed Services,
Food-Tech, Health-Tech, Nonferrous Metals, Marble Stone, Real Estate, Engineering & Handicraft, etc.
• Delivered debt funding projects worth US$100MM. Led 2 SME IPO readiness projects. Developed 14 project
reports and detailed business models for start-ups clients. Developed financial & valuation models.
• Delivered 50+ tax planning, structuring & advisory projects-Domestic & International Tax. Developed tax
efficient business model for an IT MNC, resulted in US$500K tax savings in withholding taxes.
• Assisted 15+ clients in streamlining accounting, financial reporting, MIS, financial planning, budgeting &
forecasting processes. Achieved annual cost savings for the clients in excess of US$ ~1.3MM.
Indigo Metals Group | Mumbai Jan, 2013 – June, 2017
Group CFO
ISO9001:2008 certified manufacturer of copper alloys products, providing metallurgical solutions to ACR, Heat
Exchanger, O&G & Ship Building sector. Reported to the MD and directed a team of 12 (Direct Reports)
• Hired to turnaround business, lead debt restructuring, increase capacity utilisation, diversification into value
added products, optimise cost, improve processes, strengthen business planning & decision-making process.
• Supervised a team of 30+ person in finance & accounting, MIS, board reporting, costing, financial planning,
business analysis, treasury, capex, taxation, SCM, import, export, internal audit, legal, compliance & IT.
• Built a strong 2nd line in finance and commercial operation. Streamlined commercial operation, procurement
& SCM. Implemented risk & governance framework & re-engineered financial processes & controls.
• Instrumental in increasing capacity utilization to 61% (FY13: 40%), improved price realization by 9% PKG by
value added products/pricing strategy. Reduced fabrication cost by 3.5% PKG (melting, extrusion & drawing).
• Partnered with MD by providing value-based consultation to achieve revenue growth of CAGR 18% for FY13-
17 to (FY13: 10%) and EBITDA margin 14% (FY13: 9%) by tapping new markets & value-added products.
• Implemented debt restructuring of US$8.5MM. Slashed SG&A cost by US$850K. Reduced working capital
cycle to 30 days from 50 days. Reduced DSO to 40 days (70) and inventory holding to 7 days (15).
• Implemented cost accounting systems (product & batch costing). Led product diversification, develop product
pricing models, introduced contract manufacturing & job works and outsourced labour to increase productivity.
• Developed a 3 years strategic business plan, strengthened MIS & KPI tracking system and institutionalized
financial planning & forecasting processes to create visibility and improve profitability.
• Successfully handled VAT & Income Tax Litigation of last 5 years & represented company with tax authorities
to resolve pending litigation. Led business partnership/JV with Mercure Metals (MTC Group)
Fortis Healthcare Ltd | Bengaluru Dec, 2009 – Jan, 2013
CFO-West, South & East
Integrated healthcare services provider, with 4K operational beds & over 400 diagnostics centres. Reported to the
CEO, worked with COO, Board & Unit leadership team and directed a team of 8 (Direct Reports).

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• Hired to lead US$160MM Wockhardt Hospitals acquisition, drive growth through M&A & expansion, improve
profitability, restructure finance operation and strengthen business planning & decision-making process.
• Supervised a team of 150+ person in finance, accounting, MIS, board reporting, financial planning, business
analysis, treasury, capex, costing, pricing, taxation, internal audit, RCM, legal, compliance & IT.
• Set-up corporate finance, controlling & FRC, FP&A, treasury & tax function from scratch, including hiring
teams, streamline systems, processes & policies and defined matrix functional reporting structures.
• Successfully integrated Wockhardt Hospitals in record 3 months’ time. Led turnaround of 4 cash loss making
50+ bed hospital to EBITDA+ within 18 months. Executed JV with Cauvery Hospitals, Mysore.
• Built a strong 2nd line in SBUs controllership, FP&A & risk management. Implemented risk & governance
framework, cost & pricing models, standardized & re-engineered financial policies, processes & controls.
• Partnered with CEO by providing value-based consultation to achieve revenue growth of CAGR 30% for FY10-
12 to (FY10:12%) & EBITDA margin 15% (FY10: 11%) by expansion, new programs & cost & process controls.
• Raised funds of US$100MM for Wockhardt Hospitals acquisition. Led 10+ fund raising projects (US$10-50
MM) for new green field projects, capacity expansion & working capital needs.
• Slashed SG&A annual cost by US$3.5MM. Reduced doctor fee by 1.5%, revenue leakages to 0.3% (0.7%),
TPA disallowance to 1.5% (4%), Inventory holding to 21 days (40 days) and DSO to 25 days (50 days).
• Developed risk based internal audit plan & programs, including finalisation of audit tools & methodologies.
Monitored audit quality & process effectiveness & achieved GRC score >90% for audit review of 3 years (GT).
• Developed robust MIS & KPI tracking system. Standardized doctor’s engagement contracts, outsourced
medical record management and put in place legal process framework to mitigate risk of medico litigation.
• Developed a 3 years strategic business plan for all SBUs. Implemented tools/processes for financial planning
& forecasting to drive profitable growth by improving visibility, analysis of KPIs & recommended action.
• Key team lead for business re-organisation, shared services, SGX REIT listing, Oracle & HIMS integration,
pathology and support services outsourcing, leasing of property & procurement of medical equipment’s.
Al Fara’a Construction & Industrial Group | UAE Sept, 2008 – Aug, 2009
VP-Group Finance & Head- Commercial Operation
11 SBUs - EPC, Real Estate, RMC, Electromechanical, Aluminium & Glazing Structures, Glass, Precast, Interiors,
Joinery & P&M. Reported to the CMD, worked with VC & directed a team of 10 (Direct Reports).
• Hired to lead group strategy & business planning function, transform commercial operation-tendering, bidding,
BOQ, procurement & project cost management and strengthen strategic decision-making process.
• Supervised a team of 25 person in group finance, corporate strategy, business & financial planning, expansion
& diversification, project commercial operation, tendering, contract negotiation & risk Management.
• Developed a 3 years strategic business plan. Streamlined BOQ preparation & cost estimation processes,
resulted in improved cost accuracy & margin forecast. Delivered US$0.5MM SG&A cost savings.
• Instrumental in finalisation of labour contracts for 10+ large EPC projects. Implemented balance score cards
across the business functions and implemented business and process governance framework.
Vodafone India Ltd | Mumbai July, 2006 – July, 2008
Head (DGM)-Corporate Finance & Accounts
Telecom service provider with presence across 23 circles. Part of GBP 48 billion Vodafone PLC, UK. Reported to
the EVP-Corporate Finance, worked with the CFO for special projects and directed a team of 10 (HO Team).
• Acted as Group finance controller and responsible for the group finance, accounting, MIS & board reporting,
variance analysis, group consolidation & reporting (IGAAP, HKFRS & IFRS) and system, processes & policies.
• Leading special projects in the areas of M&A, PPA & business integration, capex control & reporting,
developing financial plans, product/plan pricing analysis and cost controls & optimisation projects.
• Core team member of Hutch-Voda US$20BN M&A deal. Successfully completed M&A integration in record 2
months’ time. Monitored US$50MM capex per month (cell site), including timely capitalisation & reporting.
• Delivered consolidated group MIS reports by 3rd of the month end, consolidated IFRS financial statements of
48+ legal entities - LR by the 7th of quarter end and statutory audit by 15th of FY end. (PwC & Deloitte).
• Finalized 3 years consolidated USGAAP financial statements (FY2003-06) of Hutch planned IPO (48 legal
entities). Developed 20+ technical accounting analysis notes on IFRS & USGAAP on complex transactions.
• Streamlined policies for revenue recognition, customer acquisition cost amortizations, provision for asset
retirement obligation, fair valuation of assets, impairment testing of goodwill & intangibles, etc.

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Tata Communication Ltd | Mumbai May, 2005 – July, 2006
Sr Manager-Corporate Finance & Accounts
A global communication services provider. Listed on the BSE, NSE & NYSE (ADR). Reported to the VP-Corporate
Finance, worked with CFO on special corporate projects and directed a team of 5 (HO Team)
• Responsible for controllership, financial reporting-IGAAP & USGAAP, MIS, board reporting, M&A & business
integration, SOX, SEC reporting, FA controls & capitalisation, compliances & systems, processes & policies.
• Delivered the 50+WOS IGAAP & USGAAP consolidated financial statements, including preparation and filing
of 20F with SEC. Resolved pending SEC staff queries related to FY2004 20F submission.
• Played lead role in M&A transaction and integration of Tyco, Teleglobe & 3 other domestic acquisition. Led
the PPA & fair value accounting, including recognition & valuation of intangibles and undersea cable network.
• Team leads for planning & implementation for SOX project. Initiated and directed the activities associated with
Sarbanes-Oxley Section 404 certification of internal control environment.
ACG Worldwide (Associated Capsules Group) | Mumbai Sept, 2002 – Oct, 2004
Manager-Corporate Finance & Accounts
15 global manufacturing facilities, supplying empty gelatin capsules, films & foils, engineering & inspection systems
to pharma industry across the world. Reported to the Group CFO and directed a team of 3 (Direct Reports).
• Managed corporate finance, business planning, budgeting, forecasting, M&A, corporate restructuring, MIS &
board reporting, FX risk management, general insurance, internal audit and financial policies & processes.
• Implemented corporate restructuring (Merger & Demergers) involving 20+ legal entities. Performed detailed
due diligence for 3 potential acquisitions in gelatin capsule manufacturing.
• Led financial transition projects-sales tax to VAT, deferred tax-AS 22 and transfer pricing for custom capsules
(100% EOU). Managed deferred sales tax prepayment project for Associated Capsules & Universal Capsules.
• Developed Investment & FX risk management policies & risk based internal audit plan for all group operating
entities. Monitored implementation of the accepted audit recommendations across the group entities.
• Assumed additional responsibility as interim HOF for Custom Capsules, Tarapur for 6 months, along with
corporate finance responsibilities and strengthened financial management & controlling functions.
Mahadev Paper / Deccan Flora base Ltd | Mumbai Jan, 1995 – Sept, 2002
Manager-Finance & Accounts
Largest distributor of ITC & Century paperboard products in western India and cultivation and exporter of cut rose
flowers to 10 counties. Reported to the CFO, directed a team of 10 (Direct Reports).
• Managed finance & accounting operation, month end closing, accounts finalisation, MIS preparation, variance
analysis, banking & treasury operation, cash flow & working capital management, tax & statutory compliance.
• Supported CFO in financial & strategic planning, budgeting, forecasting, business planning and analysis and
supervised general insurance, strengthening of IT systems.
• Recovered 5 years old bill discount margin money from Tata Finance-US$100K. Saved US$500K by
controlling customer claims for return/rejections by implementing stringent controls.
• Streamlined purchase, debit and credit note reconciliation processes and settled the 5 years account
reconciliation with ITC Bhadrachallam and ITC, Tribeni Tissue Division.
Sampati Lal Bohra & Co, Chartered Accountant | Udaipur Oct, 1991 – Sept, 1994
Article Clerk
Statutory & Internal Audit of Private & Listed Companies-Hotels, Plastic Goods, Textile, Soapstone, Marbles,
Handicraft, Agriculture Machinery, Trading, Educational Institutions & Charitable Trusts.
Education Institute of Chartered Accountants of India, New Delhi 1997
Chartered Accountant (CA)
Mohan Lal Sukhadia University, Udaipur 1991
Bachelor of Commerce (B. Com)
Throughout 1st
Class, Achieved Distinctions& Participated in NCC, NSS & SUPW.
Systems/Skills Financial Systems: SAP, Oracle, MS NAV, Hyperion, HIMS, Tally, QuickBooks, MS Office
Languages English (Advanced), Hindi & Marwari (Native), Gujarati & Marathi (Basic)
Notice Period 30-45 Days (Negotiable)
Professional References Available from all ex-reporting managers, BIG4 audit partners & CXO professionals
LinkedIn Profile https://in.linkedin.com/in/cfosbokadia/