ANKIT BHATIA

+91 9711300803| caankit.bhatia90@gmail.com|

DOB: November 12, 1990

PROFESSIONAL EXPERIENCE
Dabur India Ltd | Commercial Manager MT & E-com Feb’22- Present
 Managing the business P&L for Modern Trade and Ecommerce channel with topline of ~1700cr
 Led preparation of bottom’s up channel level annual budgets with a higher bottom line growth vs topline
 Anchored preparation of credit policy and ensured compliance of DSO with the agreed policy, managed
relations with platforms and helped the business in reducing DSO by 8 days
 Led the team in closing all commercial open points and reconciliation till March’23 with a success rate of 97%
 Built a program to drive insights to Sales team on back of consumer promo efficiency which led to saving of
100bps saving in one quarter
Business Finance/  Negotiated TOT’s with platforms and distributors leading to savings of 50 bps and also standardized older TOT’s
Commercial to ensure consistency in channel
 Streamlined claims payments process and reduced the payout days by 3days leading to better relations with
customers
 Helped the business in improving efficiency of BTL spends done in MT by collaborating with different teams and
getting FOC assets from platforms
 Responsible for creating for the first time Chain x brand x SKU level detailed P&L for both channels leading to
better visibility and ability to take guided decisions
 Created multiple SOP’s of claim management, reconciliations, credit control, CP contols and new vendor
onboarding which helped in streamlining the various process
Flipkart | S. Manager FP&A July’21- Feb’22
 Prepared monthly/ quarterly forecasts and provided recommended actions to manage cost
FP&A  Tracked, analyzed and interpreted trends in Business Analytics and Performance Dashboard Data
 Prepared weekly monthly KPI’s, executive financial package and Board presentations
Udaan | FP&A FMCG East Lead June’20- June’ 21
 Preparation and implementation of strategies and business insights
 Improved business margins and working capital requirement
 Planned expansion strategy and improved business efficiency
Business  Created AOP, Budget, MIS, Dashboards and Rolling forecasts for better business visibility and support
Finance/FP&A  Identified and evaluated the Financial and Operational KPI’s for improved performance
 Insights and variance analysis for each month and quarter
 Internal and External stakeholder management
 Business modelling of new initiatives and performance evaluation
OYO Hotels and Homes | Manager Dec’18- June’20
 Assisted the company to venture into a new vertical and headed the vertical independently for 6 months
 Owner of business P&L and instrumental in driving the contribution margin
 Improvised the business model and conducted customer behavior analysis and cost benefit analysis
 Creation of Business model, Budgets, AOP and MIS reports for Management and investor relations
 Prepared insights, presentation and documentations for investors to source funding
Business  Development and measurement of both Financial and Operational KPI’s.
Finance/FP&A  Automation of processes and dashboards to improve efficiency
 Responsible for ensuring adherence with tax compliances and other statutory regulations
 Spearheaded in identification of tech partners for online sales
 Streamlined the payout process to ensure timely and correct vendor payments
 Achieved higher growth in revenue by identifying and renegotiating in properties with zero Oyo take rate
 Responsible for setting up numerous business processes, SOPs and controls
ITC Limited | Unit Finance Head Jun’17-Nov’18
 Creation of Business model, Budgets, AOP and MIS reports
 Developed financial strategies and business controls contributing to overall environment.
 Development and measurement of both Financial and Operational KPI’s
 Facilitate reviews with leaders and identification of action points to improve business metrics
 Managed both internal and external stakeholders and aligned business with company goals
 Responsible for variance analysis and providing insightful commentary for management
Controllership /  Preparation and review of Financial Statements as per Ind As and IFRS standards.
FP&A  Responsible for monthly and quarterly closure of books of accounts along with variance analysis.
 Responsible for conducting and implementing ICFR audits and findings.
 Management of AP and AR departments for ensuring timely payments and receipts
 Ensured hygiene and accuracy of financials and process improvement through various GL reviews,
profitability analysis, PO validation, preparation of dashboards, compliance tracker balance sheet
schedule review.
 Responsible for ensuring adherence with tax compliances and other government regulations
 Organized training courses for new recruits and refresher courses for existing team members
ITC Limited | Head Divisional Treasury May’16-May’17
 Adherence with banking laws in India in accordance with RBI regulations
Divisional
 Hedging of divisional foreign risk through liaisoning with Corporate Department
Banking and
 Determination of taxability of forex transactions as per tax laws of India
Forex/
 Reviewed and advised on investments in coordination with Corporate Treasury
Shared
 Analyzed and implemented impact of new taxes and legislations such as Equalization Levy
Service
ITC Limited | Assistant Unit Financial Controller May’13-Apr’16
 Preparation of Annual Budgets and SOPs to streamline business processes
 Variance analysis and providing insightful commentary for management
 Managing both internal and external stakeholders and aligning business with company goals
Controllership/  Preparation of periodical schedules for financial reporting, and reconciliation of control accounts
FP&A  Assisting in Designing & implementing systems, policies & procedures to facilitate Internal Financial
Controls
 Management of AP and AR Departments for ensuring timely payments and receipts.
 Coordination with Statutory, Corporate and internal auditors for conducting timely audits.
 Identified cost saving avenues through negotiation with vendors

EDUCATION
Institute of Chartered Accountants of India CA 51% 2012
University of Delhi B. Com 60% 2011
Greenfield Public School CBSE XII 84% 2008
Greenfield Public School CBSE X 83% 2006

ACHIEVEMENTS
 Awarded with the CEO Excellence award for the top contribution in business P&L in Dabur
 Helped Udaan to expand from 2 cities to 8 cities within a span of 6 months
Key Recognitions
 Recognized as Best Performer for Q1 2019-20 for significant contributions in set up of OYO Cloud Kitchen
 Implemented Equalisation levy across PAN India ITC Ltd.
 Helped in reducing PBT Loss by 29% in a span of 1 year in ITC Ltd