Rohit Rungta

  Bengaluru, Karnataka, India

Result-oriented Finance Professional with 12 years of experience in creating Annual Operating Plans (AOP), Finance Planning and Analysis, Entity Controller, Automation, Fraud Investigation and Business Divestiture. Demonstrated a track record of building good corporate governance, completing projects on time and building compliant processes.

   Phone - 9831510030

Email - [email protected]

Cue Learn (Cue Math) Pvt. Ltd. (December'22 to Present)

Senior Director - FP&A Head

  • Setting up FP&A function & processes for the company - hiring and nurturing new team members
  • Collaborating with the Strategy team to create Board Presentations and regular updates to the investor group
  • Co-owning delivery of controlled cash burn for the organization (realized cost optimization of INR 65 Lacs in 30 days)
Vedantu Innovations Pvt Ltd, Bangalore - India (December'21 to December'22)

Director - Head FP&A & Corporate Biz Fin

  • Lead a project to detail a report for the Tech team listing S3, RDS and E2 instance optimization opportunities and in parallel negotiate higher discounts on EDP commitments. This resulted in optimizing cloud spending by Rs. 50L p.m.
  • Controlled budgeted spend on various projects including SEO, Branding and other corporate spend. In reviewing the vendor contracts and project spending, we observed a lapse in adherence to the vendor on-boarding process. Identified and ensured recovery of Rs. 2.5Cr from vendors and employees engaged in misappropriation of allocated funds. Assisted external lawyers and PR team to manage the social media escalation on this matter.
  • Established a SaaS consumption policy for the company, identified process gaps and POC for all SaaS consumption centrally. Helped the tech team to track redundant, duplicate and unutilized tools, leading to a cost reduction of Rs. 60L p.m.
  • Lead a project to consolidate multiple small vendors and onboard a new vendor to provide 600+ laptop replacements at 20% lesser cost, resulting in cost reduction of Rs. 8L per month & better employee experience in terms of newer systems.
Wipro Limited, Bangalore - India (April'11 to November'21)
Manufacturing Sector BFM, Bangalore - India (July'21 to November'21)
  • Worked on multiple large customer deals of size $100Mn+ ranging from DAAS to Auto Engineering - closed a large DAAS deal worth $100Mn over 5 years with an Aerospace Tech giant by participating in a reverse auction.
  • Working capital management for the unit - improved DSO by 7 days in 3 months by liquidating old dues from the customers
  • Developed KPIs to  assess positive and negative trends to support business decisions - farming and hunting revenue mix by count of sales team, contribution by new hires, etc.


Senior Techno Finance Manager, Bangalore - India (November'19 to June'21)
  • Identified dual cost during WFX situation – implemented controls at request initiation stage and monitoring post allocation to avoid both dongle facility and corporate re-imbursement to employees – saved INR 10 lacs per month
  • Negotiated contracts with multiple Telecom and Software vendors to help avoid cost and get better contractual rates – total savings resulted from better negotiation ~INR 1.2 Crores per month
  • Assisted business teams in moving from Cisco Webex to MS Teams and helped save INR 1.1 Crores on monthly usage
Entity Finance Head, New Jersey - USA (November'15 to October'19)
  • Partnered with the business team to enable variable pricing models for Cloud and Mainframe offerings and enabled expedited submission of proposals to clients. Clocked 10+ deals of size $15Mn+ in a span of 10 months and at an operating margin of 20%.

  • Identified and eliminated redundant costs from P&L and reached out to existing customers to ramp up Mainframe consumption – proposed consolidation of Mainframe capacity for different subsidiaries of Wipro in the US and hence drive IBM, CA, BMC and other software costs down. Helped consolidate 5000 MIPS capacity at Wipro level under one roof, leading to a 2% improvement in profitability for the DC business.

  • Making the business profitable by adding a sustainable top-line at controlled cost, transformed the P&L from -9% OM in Q3'15 to +8% OM by Q2'16. Carried out due diligence with 5+ buyers, facilitated the closure of a Special Purpose Audit for carved out Financials and concluded at a run-rate EBIDTA of $50.5Mn p.a. Ensured realization of $44Mn profit over book value

FP&A Lead for Revenue, Bangalore - India (April'11 to October'15)
  • Implemented revenue recognition tool for covering all types of contracts in Wipro and helped eliminate manual push to ERP - a new tool was launched to cover automated revenue computation and eliminate manual inputs
  • Worked closely with the CFO's Office on unit performance on various financial parameters such as Billing, Collection, Revenue, Margins and DSO

Education

Chartered Account - qualified from ICAI in Nov'2010 - Secured AIR 28th In CA CPT Exams
Company Secretary - qualified from ICSI in Dec'2009 - Secured AIR 4th In CS Foundation Exams
B. Com (Hons) - qualified from St.  Xavier's College (Autonomous under CU) in June 2009 - passed with distinction and ranked as Top 20 Students of the 1st Autonomous batch

Skills

  • Working Capital Management
  • Financial and Business Analytics
  • Strategic Planning & Investor Relations
  • Preparation of MIS & Other Management Reports
  • Procurement Management
  • Divestiture


Tools Used

  • SAP FICO
  • Tableau
  • Oracle BI
  • Redshift Data Query





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