NISHANT CHUGH Gurugram, India

Male, Married, Indian +91-98109 48237

Chartered Accountant, LL.B, B.Com (Hons.) nishantchugh1@gmail.com

WORK EXPERIENCE

Summary: Overall 20+ years of progressive experience across consulting and industry in varied roles including CFO –
India Operations at Colt Technology Services India Private Limited, Head of Tax, Treasury & Labour Cost at Colt
Technology Services India Private Limited and Direct Tax professional at S.R. Batliboi & Co. (EY member firm). For
detailed LinkedIn profile, please visit: www.linkedin.com/in/nishant-chugh-6007139

Why I am a good fit for the role? As a Chief Financial Officer for the India legal entity, I have experience in leading /
managing various finance functions including strategy decision support, budgeting & reporting, business finance &
reporting, controllership, audit, tax, regulatory compliance and treasury. Led Bilateral APA & MAP program, complex
tax structuring & litigation, STPI/ SEZ unit approvals and other major initiatives for the company. In addition, I have
been involved in general management of the company in India including corporate services, legal, enterprise risk,
business continuity planning, crisis management team and management of board. Have rich experience of
collaborating with business heads/ investor groups & government departments/industry bodies on varied matters. I am
passionate about and have established credentials in (i) increasing the value delivered out of operations (finance) to the
global units (ii) bringing the business closer to operations (iii) establishing and improving operating model (iv) increasing
stakeholder confidence and (v) talent management & development.

Organization Duration Designation

Colt Technology Services India December 2010 – Present CFO – India
Private Limited
S.R. Batliboi & Co. January 2004 – December 2010 Manager
(EY member firm)
RSM & Co. June 2000 – January 2004 Qualified Assistant
(Combined with PWC in 2007)

Colt Technology Services India Private Limited

 Chief Financial Officer - Colt India Operations June 2019 to Present
 Head – Tax, Treasury & Labour Cost February 2018 to May 2019
 Senior Manager – Tax & Treasury April 2015 to January 2018
 Associate Senior Manager – Tax & Treasury December 2010 to March 2015

Colt (Fidelity Group company) is Europe’s leading information delivery platform provider operating in more than 30
countries with annual turnover of approx. € 1.4 billion. It provides network, voice, data center and managed services to
its customers globally. Colt has IT/ ITES units in India engaged in providing support to Colt Group. Colt DCS is a market
leader currently building one of India's largest hyperscale data centers.

Role:
 Strategic Advisory: Advising senior management and business teams on structuring transactions, new investments
or initiatives, benefits under different incentives schemes introduced by Government
 Internal and External Stakeholder Management: Across hierarchy in finance, business, group companies, investor
groups, solicitors, banks & regulatory authorities (income tax, service tax, GST, STPI, SEZ, DoT etc.)
 Business Transformation: Lead multiple transformation initiatives yielding positive EBITA contribution via
incremental revenue generation or cost saves
 Maintained average employee cost while absorbing the pay-hikes (8% to 10%)
 Enhancing insurance coverage benefits for employees while maintaining cost by negotiating pricing
 Slashed employees benefit cost by 10% by negotiating pricing and fees, while ensuring the continuation and
enhancements of services (vendor contracts, transport, insurance, catering)
 Risk and Controls: Set-up internal control systems, strong compliance framework and drive risk mitigation actions
to ensure no surprise environment
 Review and Finalization of Financial Statements, Closure of Statutory and Tax Audit
 Tax Planning and Compliance (Direct and Indirect taxes): Minimize tax exposure by efficient tax structuring,
designing and monitoring compliance processes, tax provisioning and related computations, seamless transition to
Goods and Service Tax (GST) environment
 Tax efficient contract structuring: of high value (> INR 2 billion) vendor & customer contracts
  Litigation Management: Managing tax assessments, audits, litigation (including discussions with tax
authorities/ external consultants/ statutory auditors), appointment/ briefing of tax consultants or counsels
 Tax Centre of Excellence: Lead team managing tax compliances for Asia Pacific, Europe and America
 Project Management: New SEZ office set up, finalization of property leases & facilities contracts
 People Management & Development: Providing leadership and mentoring guidance to team and mentees
 Other Key Responsibility Areas: Treasury Operations, Overseeing Anti Bribery Policy compliance, Business
Continuity Planning Corporate Social Responsibility (CSR) initiatives

Key Achievements:
 Active contribution to set-up of Colt’s Data Center Operations in India (involving capex deployment of INR 8-9
billion in Phase I) covering entity set-up, tax structuring, land acquisition, compliances & other aspects
 Led entity structure set-up and advised on regulatory aspects of B2B Telecom Operations set-up in India
 Centralization & standardization of labour cost processes across regions (Total labour cost: INR 30-35 billion,
FTE saves of 50% of team strength)
 Conclusion of Bilateral APA & MAP program resolving Colt Group’s largest risk [INR 6-7 billion exposure]
 Cash generation through GST & service tax refunds (> INR 1 billion), income tax refunds & incentives under SEIS
 Led successful settlement of past tax litigations (including favourable ruling from the Supreme Court of India)
 As part of Crisis Management Team to manage COVID 19 situation conducted BCP review, enabled remote working,
set-up vaccination drive for India center, enhanced insurance benefits, set-up employee helpdesk
 Contribution to industry wide forums on tax matters, remote working guidelines, OSP guidelines etc.

S.R. Batliboi & Co. (Member firm EY)

Manager (Tax & Regulatory Services) July 2007 to December 2010
Senior Executive (Tax & Regulatory Services) April 2005 to June 2007
Executive (Tax & Regulatory Services) January 2004 to March 2005

RSM & Co. (combined with PWC in 2007)

Qualified Assistant (Tax and Business Advisory) August 2003 to January 2004
Staff Accountant (Tax and Business Advisory) June 2000 to July 2003

The role included:

 Advising on Foreign Direct Investment (FDI) guidelines, sector specific regulations, inbound & outbound investment
strategies, acquiring businesses in India, transfer of shares, availability of tax incentives and FEMA compliances
 Advising on complex issues relating to international taxation and domestic taxation including offshore supply,
structuring of Engineering, Procurement and Construction (EPC) contracts, interplay of terms of Production Sharing
Contracts (‘PSC’), farm-in/ farm-out implications, allotment of ESOP’s, EOU/STPI/SEZ schemes including setting
up STPI/ EOU/ SEZ units and related compliances, migration strategy from STPI to SEZ, etc.
 Finalization of review applications, appeals, appeal & assessment submissions, other applications, tax returns, etc.
 Representation before the AAR, the Commissioner, the Commissioner (Appeals) & briefing Senior Counsels
 Preparation of key industry presentations, writing articles for on tax issues for various publications

Key Clients:
 Oil & Gas (Cairn Energy, Exxon, Shell), Mining (Arcelor, BHP Billiton, Rio Tinto), Technology (EXL, GlobalLogic,
Macquarie, MetLife), Media (Animal Planet, Discovery Communications, Discovery Asia, Star Den), EPC Clients
(Chiyoda Corporation, ENI, Hyundai Rotem, Hyosung Corporation, Mitsubishi Corporation), Others (Air France,
British Airways, Bacardi, Cargill, Lufthansa, Central Park Group, Cushman & Wakefield, DE Shaw, McDonalds)

EDUCATION SUMMARY

Degree Year Institute/University CGPA/%

Bachelor of Law 2013-2016 Faculty of Law, Delhi University 59.5 %
Charted Accountant 2000-2003 The Institute of Chartered Accountants of India First Attempt
(AIR 46th – CA Intermediate)
Bachelor of Commerce 2000 Hindu College, Delhi University 64.9%
(Hons)
HSC (CBSE) 1997 DAV Public School, Sector 14, Faridabad 87.4 %
SSC (CBSE) 1995 DAV Public School, Sector 14, Faridabad 81.4 %

AWARDS & RECOGNITION

 Winner of prestigious 2017 ACE Connect Award (Highest recognition at Colt Group)
 Recognized as industry expert and panelist at “India Tax Forum 2019” organized by Euro Money Media Group
 Pandemic Award Winner 2020 (Colt Group CEO Awards)