Ajay Singhal (CV)_14022016_updated

AJAY SINGHAL

ATC Telecom Tower Corporation Pvt Ltd (Indian subsidiary of American Tower Corporation)

[email protected] +91 9836599229 (mobile)

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Summary

Consistent performer and a key player in implementation of financial control in circles. Strong

background in Accounts receivables, Accounts payables, Revenue assurance, Business planning analysis

and Fixed asset analysis.

Over 10+ years of success in meeting business requirement, Finance objectives and managing circle

operations.

Current assignment is with ATC Telecom Tower Corporation Pvt Ltd, in the capacity of revenue

assurance, billing and revenue accounting head. Also handled Circle Finance head role of West Bengal

and Kolkata to enhance the business profitability.

Before joining ATC, I was associated with Indus Towers Limited handled circle revenue assurance,

accounts receivable, Accounts payable in a different span of time for West Bengal circle, based at

Kolkata.

Also enjoyed working with companies like Tata Teleservices Limited, Bharti Airtel Limited & Ultratech

Cement Limited in various capacities previously.

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Experience

ATC Telecom Tower Corporation Pvt Ltd

Jul 2013 – Present (2+ years)

Telecommunications Industry

Revenue reporting, Billing and Revenue assurance Manager

Currently hold this position, based at Gurgaon

Played a key role in billing control function which includes resource hiring, training and to perform all

assurance activities. Started Revenue assurance awareness workshop to all non-finance functions in

circles. Successfully migrated the billing for the acquisition of the new towers of KEC international.

Highlighted the areas of improvement in dispute monitoring and implemented the monthly MIS on

dispute resolution. Handled the team size of 13 people and plan the growth path of individuals.

Other Responsibilities and essential duties:

Analysis the profitability of the during contract extension with customers and comparing the same

with industry norms

Meeting with customers in respect to dispute and BCC closure

To ensure completeness and error free IP billing

To initiate analysis which enable to identify Revenue leakages and cost optimisation, if any

To review Circle Revenue assurance report and drive with Circle management team to close loop of

all actionable items

Timely provisions in books for all disputes to ensure correct revenue reporting

Closely monitoring aged Debtors and ensure corrective action taken against the PBDD

Monitoring high DSO circles and ensure corrective action taken by the stakeholders

Monitoring the customer reconciliation and corrective action against the disputes

Preparing the growth plan for the team members

Circle Finance Head

Earlier held this position, based at Kolkata

Highlighted the key business parameters for meeting up the AOP targets assigned to Kolkata and West

Bengal circles. Responsible for the compliance of all finance related process, delegation of Authority

and timely closure of monthly books of accounts for the assigned geographic area (Kolkata & West

Bengal circles). Also responsible for minimisation of revenue leakage, timely closure of vendor &

customer dispute, Tax compliances.

Other Responsibilities and essential duties:

Improved process & people efficiency & business profitability of Kolkata & West Bengal Circles.

Studying revenue and the cost aspects of the business in West Bengal and suggested ways of

improvement

Monitor profitability in all Energy Initiatives and also suggest circle management team for initiatives

based upon the profitability

Improved ageing of provisions for operating & capital expenditures, Creditors, other accruals and

Advances.

Kept a track of DSO & doubt full debts and highlighted the focus area to business for timely closure

of dispute with customers.

Kept a track of ARO liabilities for non-live sites and expenditure made on hold sites. Highlighted

the issues to management for reduction in future liabilities/losses.

Analysed capital expenditure usage and report incremental revenue against each type of

expenditure. Ensured capital productivity ratio maintained within prescribed limit.

Consistently improved Vendor satisfaction score card, customer satisfaction score card and

employee satisfaction score card.

Prepared the growth plan for the team members

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Finance Manager at Indus Towers Limited


Jun 2010 – Jul 2013 (3 years and 1 month)

Indus Towers Limited, incorporated in 2007, has been promoted under joint venture between Airtel,

Vodafone & Idea, to render passive infrastructure services to telecom service providers. Served the

capacity of finance manager for west Bengal circle. Joined circle at the time of separation of West Bengal

circle and Kolkata circle. Took challenge in closure of old reconciliations issues pending since 2008.

Revenue reporting & Revenue assurance:-

Lower revenue leakage

Diesel pilferage control with CPH model

Highlight the tenancies, frequently outages penalty raised by customer

Highlight the low EBIDTA sites

Reconciliation of unbilled revenue

Timely & accurate billing to customer

Preparation of monthly Revenue Bridge

Closure of dispute with customer

Account Payables and Financial reporting:-

Vendor reconciliation

Daily Cash flow forecasting

Accurate booking and timely payments to vendors

Timely closure of monthly books of accounts

Analyse month on month expense variance and comparison with AOP

Handling Statutory & Internal auditors and ensure open observations closed within prescribed

timeline

Adequate ARO provisions

Preparation of circle AOP

Analyse the inventory ageing, CWIP ageing and SRN pendency

Analyse site wise Power & Fuel profitability

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Business Co-ordinator at TATA Teleservices Limited


Nov 2009 – Jun 2010 (8 months)

TATA Teleservices Limited (DOCOMO) spearheads the TATA group’s presence in the telephony sector.

Joined Rajasthan circle during pre-launch period of DOCOMO in circle.

Implementation of new processes related to payables for the upcoming GSM business

Bridge the gap between the circle business team and corporate finance team

Co-ordination with corporate finance team for closure of open PR’s and with circle operation team

for aged open PO’s

Review open GR & SR with circle operation team and follow up with SCM team for closure with

vendors

Make a methodology for the allocation of common expenses for the CDMA & GSM business to

ensure the correct EBIDTA reported for the GSM business

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Asst. Manager at Bharti Airtel Limited


Apr 2007 – Oct 2009 (2 years 6 months)

Bharti Airtel Limited, leading global telecommunications company with operations in across Asia and

Africa. Bharti becomes 4th largest mobile operator in the world.

Initially handled Accounts payables for Gujarat circle and successfully closed accounting reconciliations

since 2002. After initial period handled the revenue reporting of 6 circles. Also being a circle spoc during

the demerger of Bharti Infratel in 2007. Completed the green belt training and green belt project under

six sigma.

Revenue accounting:-

Ensure Correct booking of Airtime, VAS, Roaming (Subscriber), Processing Fees (Include negative

PF) and Forfeiture Revenue.

Calculation of Market stock of paper card for IN GL reconciliation.

Making IN movement on Daily basis. At the month end ensure IN Vs general Ledger difference

within the threshold.

Ensure at month end Processing Fees Liability reconciliation within the threshold limit.

Calculation of Market stock of Preloaded card (PLC) and ensure that booking of processing fees

were done only after the card gets activated.

Calculation of Airtime Liability of other circle (in case of Out-roamer Customer recharge at other

circle).

Ensure deletion of Expired SUK’s and Paper card happen as per the policy and correct booking of

the revenue under the Forfeiture Revenue.

Report Daily Decrement, Processing Fees for CWN reporting.

Calculation of bill cycle wise Postpaid bill revenue and ensure all Airtime, VAS, Roaming (Subscriber)

were properly booked in correct codes.

Review of Unbilled revenue and ensure the correctness of Rental revenue.

Ensure correct booking of Postpaid Activation revenue and Service Tax upon the Activation

Revenue.

Analyse the ageing of IUC debtors to maintain the Bad Debs within the limits as per standard

process.

Analyse the Debtors ageing of International Roaming Operator.

Accounts Payables accounting:-

Maintain Rent Equalization Schedule as per AS - 19. Ensure all Operating lease contract included in

the schedule.

Ensure timely payment of Operating & capital expenditure.

Handling the accounting of Group Company “Bharti Infratel Limited”. Prepare timely data for

demerger of Bharti Airtel Limited and Bharti Infratel Limited.

Maintain Site wise Sharing data for revenue recognition in Bharti Infartel Limited as per the

agreement signed between the Bharti Airtel Limited and Bharti Infratel Limited.

Maintain Site wise actualization impact of all Network Expenditure in Bharti Infratel Limited.

Maintain data for Security Deposits given to Landlord’s, Power Supplier and Other Operator for site

sharing. Also ensure the timely recovery of deposit.

Maintain Site wise actualization impact of all Network Expenditure in Bharti Infratel Limited.

Review billing in respect of IP fees and Power and fuel to other operators.

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Internal Auditor at Aditya Birla Corporation Limited

Audit of Ultratech Cement Limited

Internal Audit

Jul 2006 – Mar 2007 (9 Months)

Handled the management audit of 2 cement plant situated in Kutch district of Gujarat.

Production Audit:-

Comparison of input ratio of the coal with the standard / unit consumption.

Calculating of Raw Mix Variance and analyses of its impact.

Checked out the double handling contracts.

Purchase Audit:-

Analyse reason for expenditure incurred on plot rentals of port and demurrage, and steps taken by

the management to reduce the same.

Checked out that the penalty terms were taken into consideration at the time of bill passing.

Check verifying the work orders of the transporters regarding rates, shortages and overloading.

Finance Audit:-

Check the Efficiency of the Fund Planning.

Check the accuracy of premium payment.

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Professional Achievement

Consistent performer and rated exceptional contributor 4 times in last 5 appraisals while

working with ATC & INDUS towers and also being rated outstanding performer while working

with Bharti Airtel in 2008-09

Receive 3 times Star Performer Award in Airtel during the Employee contribution forum

(Event happen on Quarter Basis)

Identify the revenue leakage of Rs. 5 Cr in 15-16 and recognised the additional revenue

Completion of Green Belt Six Sigma Training and Green Belt Six Sigma Project

While working with ATC receive appreciate certificate from COO of the company for recovery of

field dues from the inactive vendor to avoid the written off of Rs 6 Mn

While working with ATC able to reduce the DSO from 60 days ageing to 32 days ageing

Receive appreciation letter from INDUS circle CEO for recovery of Rs 50 Mn after getting the sign

off from the vendors, all those payments were not recorded in books

During Internal Audit suggestion to make increase direct feeding of coal in the hopper. This would

reduce the stacking and compacting requirement of the coal. The differential cost benefit is Rs.12 Lakhs

Suggestion to reduce the Basic Fire Insurance Premium Amount by Rs. 10 Lakhs after reducing the

plinth cost from the total insured cost

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Academic Background

Chartered Accountant (CA)

Institute of Chartered Accountant of India, Kolkata, in Nov 2005.

Bachelor of Commerce (B.Com.)

Calcutta University, Kolkata, in 2003.

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Personal Information

Date of Birth : April 28, 1983

Sex / Marital Status : Male / Married

Languages Known : English, Hindi, Bengali

Hobbies

Outing with family

Listening Music

Cricket

Strengths

Hardworking, Determinant, Commitment to work

Ability to work under pressure & Analyse risks; Sense of Responsibility

Excellent interpersonal skills, Willingness to learn, Result oriented

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References Mr. Yogendra Duggar

(DGM –Circle Finance Head)

Indus Towers Limited

Kolkata, Cell No.: +91 9903708888; E-mail: [email protected]

Mr. Vivek Bagai

(COO – WB & KOL circle)



Mr. Anil Pareek

(GM – Revenue assurance & Receivable head)



Mrs. Paramita Chakrabarti

(Regional HR Head)

ATC tower corporation


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mailto:[email protected]



Ajay Singhal (CV)_14022016_updated

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