Guru Prasad Iyengar



B Com

University of Pune

Graduate Degree . Bachelors in Commerce


Institute of Cost and Work Accountants of India

1.Management Accountant (ICWA) - (Equivalent to CIMA of London) Dec 1991

Work History

Work History
Mar 2006 - Present

Chief Financial Officer

German Group (Leading 350 mio€ Automotive Supplier)

(Involved in Due Diligence, Acquisition structuring since Aug 2004, before taking charge as CFO)

Responsibility for the Group involving 5 subsidiaries in 6 countries, for all aspects of Accounting and Financial reporting of the (German GAAP and IFRS), all statutory compliance, Financial planning, taxes, cash & banking, risk management & insurance, accounts receivable & billing, accounts payable and managing setup/ development of new ventures and shared service centres. Managing a staff of 25 in the Accounting & Finance department.

The position is responsible for providing financial leadership across the group in Europe and is an integral part of the Leadership Team and Executive Committee to help facilitate the achievement of the business/ financial objectives within the bounds of the corporate policies and procedures.

Key accomplishments include:

ØAssessed and centralized finance organization to support the company’s initiatives, this included head count reductionby over 20% that were cost effective, yet increased the productivity

ØCentralisation and outsourcing ofthe Finance, Accounts and Controlling Activities and setting up of an offsite shared services centre, leading to significant cost reduction.

ØRecommended and implemented various cost effective capital structuring and financing options to enable successful debt reduction by 30 mio€

ØFinancing and controlling of 25 mio€ investment for relocation to Eastern Europe.

ØWorked with various businesses and functions to setup policies and procedures to successfully manage internal audit in the first year of the restructured organization.

ØTurned around the company from a sick company (~ Chapter 11) into a profitable company

Mar 2000 - Feb 2006

General Manager - Commercial


(Joined as Sr Manager Finance in Mar 2000 and promoted to General Manager in Sep 2003)

ØResponsible forCommercial & MISfunction of 2 bn$ operations including:

·Consolidation across 8 sites and 5 ROs and management reporting

·Profitability analysis, benchmarking and presentations

·Drive and implement cost reduction initiatives

·Lead the annual planning process and firm up Corporate Plan

·Commercial validation and approval of Capexes and key Investments

·Lead business and finance structuringinitiatives

·Implementsystem initiatives - S & D and AR module in SAP and BIW.

ØMergers & acquisitions including overseas acquisitions

·Enterprise valuation, due diligence, negotiating & Structuring the acquisition

·Execution and obtaining statutory approvals

·2 domestic and one overseas acquisitions.

  • Integrating the acquisition and responsibility for Finance and Accounting
Apr 1996 - Feb 2000

Finance and Commercial Manager

Godrej Consumer Products Ltd

Joined as Assistant Manager and promoted to Manager in Apr 1998)

Leading a team of 30 persons across 4 Regional Offices besides Headquarters

ØResponsibility for accounts finalization and audit for 100 Mio$operations

ØLead initiative in migration from day 8 accounts to day 3 accounts

ØNegotiating with Financial Institutions for funding of projects

ØSuccessfully implemented cost reduction initiatives through :

·Cash Management System and Account Pooling arrangements

·Outsourcing of payables to reduce system float and working capital limits

ØDesigned a model for updation of competitor information for benchmarking

ØLead role in due diligence, brand acquisition & Marketing JVwith Cussons

ØActive role in establishing supply chain and logistics chain for operations.

ØSuccessfully implemented the FICO & GL modules inMFGPRO

ØIntegral member of the core trainer group for training in MFGPRO and IT systems

ØConceptualised & implemented information technology audit function

ØPresentation to Top Managementon implementation of the IT initiatives & benefits

Nov 1992 - Mar 1996

Internal Auditor

Nation Centre of Cell Sciences

(Responsible for Project Management besides Internal controls and Audit)


ØDesigned and implemented a project cost accounting and reporting system.

ØDeveloped and implemented a budgetary control mechanism

ØStructured management reporting to reduce lead time and multipleinterface.

ØResponsible for review & monitoringinternal controls and management reporting.

ØImplemented review module to enable operation and management audits.

ØTrainedpersonnel in areas of :

·Review of Operating System, Network Security and Application Software.

  • Review of Software Development, Maintenance & Participation.
  • Review of operations, data integrity, contingency plan & disaster Recovery.
Aug 1990 - Oct 1992

Finance and Accounts Executive

Pepsi India

ØBuilt an operating model for accurate forecast of monthly cash requirement.

ØImplemented decision support systems - Oracle Financial & Sales Analyser

ØKey role in the defining IT policy, strategy and disaster management

ØLead initiative in developing intranet applications& updating company’s website.

ØPart of the task force inimplementation of E-commerce and SCM.

ØEvaluation & selection of hardware, OS, networking& connectivity options.

ØReduce working capitalthrough improved inventory and receivables management



Board Position Held

Ø  Director on the Board of the Subsidiary

Professional Strengths

Ø  Leadership & ability to define Core Purpose to enable result oriented environment Ø  Team Building and ability to lead the team from the front Ø  System orientation, analytical, presentation and inter-personal skills Ø  Travelled globally, understands varied cultures

IT Skills and Proficiency

Ø  Hands-on on SAP mainly FICO and MM including implementation experience Ø  Daily use of MS Word, Excel and Powerpoint Ø  MFGPRO – Finance module implementation experience Ø  Oracle analyser and SAP BIW


A senior level Executive with extensive experience in various aspects of Finance & Accounts and Corporate Restructuringwith well known companies, business leaders in their respective areas. Has consistently demonstrated the ability to lead diverse teams of professionals to new levels of success in a variety of highly competitive fast paced business environments, and cutting-edge markets. Strong technical qualifications with an impressive track record of more than 15 years of hands-on experience in strategic planning, business unit development, project management, and financial engineering strategies. Proven ability to successfully analyze an organization's critical business requirements, identify deficiencies and potential opportunities, and develop innovative and cost-effective solutions for enhancing competitiveness, increasing revenues, and improving customer service offerings. Strong Leadership, problem solving, planning, team-building and project management skills, good working knowledge of US GAAP, German GAAP, IFRS, Indian GAAP & SAP, excellent computer skills.

Key Areas of Expertise:

·Financial & Strategic Planning

·Outsourcing and Shared Services

·Budgets & Control

·Accounting & Audit of operations

·Business/ Service center expansion, Project Management and Startups

 ·Merger & Acquisition Negotiations/ Structuring and Management Integration

·People Management and Development


Desired Profile: Chief Financial Officer/ Director / Senior Management Position in Finance

Objective: To provide strategic leadership and direction to business and help the organization achieve leadership volumes, market shares and profitability in its industry while also driving to achieving the most respected company status with the highest values, thus meeting the expectation of all stakeholders.


Extra-curricular activities

ØCaptained College in Chess. Qualified for interzonal chess competition

ØParticipated and won prizes in Inter-collegiate quiz competition and elocution

Fluency inLanguages:English and understanding of German

Indian Languages - Hindi,Marathi and Tamil



Professional Courses and Seminars attended