Devendra Singh
Insolvency Professional
First Insolvency Professional registered with IBBI vide Regn. No. IBBI/IPA002/IP-N00001/2016-17/10001. Having an experience of more than three decades of working with corporates. Having expertise in Financial Restructuring proposals for revival and rehabilitation of financially stressed units. Handled multiple restructuring transactions. Experienced in handling complex IBC matters having multiple stakeholders. Successfully dealt with NCLT, local administration, various statutory authorities & conduct of large CoCs to steer the CIRP process.
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PROFESSIONAL QUALIFICATION
FELLOW MEMBER OF THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (FCS 2769)
EDUCATION BACKGROUND
B.Com (Hons) from Delhi University in 1985
CAREER HISTORY
- SHARDA UNIVERSITY: Sep, 2008 – Nov, 2016, as Finance Officer Head of Finance & Accounts Department.
- Formed ALQENA’A EXPORT & IMPORT CO. PVT. LTD: July ’05-Aug ’08 as Director and company was engaged in the business of export of metal (ferrous & non-ferrous) from Jordan, Kuwait & Kingdom of Saudi Arabia (KSA) to India and UAE to steel manufacturing companies.
- BESTAVISION ELECTRONICS LTD: May ’90-Jun ’05 (except Oct ’92-Jan ’93), as General Manager (finance) cum Company Secretary Head of Finance & Accounts and Secretarial Department.
- STERLING SECURITIES LTD: Oct ’92-Jan ’93, worked as Company Secretary and handled public issue.
- UNITED DRILLING TOOLS LTD: Jan ’89-Apr ’90, as Assistant Company Secretary and assisted in the public issue and handled secretarial department of the company independently.
- ARUN BAKSHI & ASSOCIATES: March ’87-Apr ’88, as Accountant.
- DD MAHAJAN (Practicing CS): May ’88-Dec ’88, as Management Trainee.
PROFESSIONAL EXPERIENCE
FINANCE & ACCOUNTS, BUDGETING, STRATIGIC PLANNING, ANDSECRETERIAL MATTERS:
- Worked in Statutory positions.
- Heading of finance & accounts department & finalization of annual accounts.
- Preparation of Budget and its tracking and trend analysis.
- Variance analysis, comparative analysis of actual with budgeted figures.
- Developed Effective MIS systems.
- Inventory/Asset Management.
- Lay down the accounting and MIS with checks/controls.
- Financial planning and resource allocation of the funds.
- ERP Implementation
- All Statutory Compliances & Compliances Relating To Export & Import
- Cash flow management system
- Designing the corporate financial structure, debt raising, working capital management and their documentation& disbursal thereof.
- Management of Account Receivables (debtors) and Account payables (creditors) and MIS
- Specializes in turnaround management advisory, fiduciary services, capital placement and asset divestitures.
- Has experience in substantially all phases of the corporate recovery process: DRT, SARFAESI Act, SICA and Company Law Matters.
- Preparing an information and revival package, to facilitate decision making and fruitful dissemination of information.
- Designed and implemented the strategy that fulfill the objectives, maximizes revenues, profits and market share of the company.
- Conducted a detailed financial analysis, capital structuring, documentation, distress debt/asset revival strategies and project based corporate financial structuring.
- Actively participated in board level activities of financial planning, execution strategies and
- All secretarial work & compliance relating to Board Meeting and AGM/EGM.
- Preparation of project reports relating to project financing and working capital, its tie-ups, documentation and disbursement.
- Preparation of working Capital proposals including CMA Data, it’s appraisal, Sanction &
- Formation of consortium of Bank for enhancement of working capital limits (both fund and non-fund based).
- Liasioning with various banks at various levels i.e. branch, zonal & head office for enhancement of working capital facilities and formation of consortium.
- Monitoring cash flow & banking operation.
- Liasioning for term loan, working capital term loan, lease finance & suppliers bill discounting facilities with various banks/financial institutions.
- Preparation of term loan proposals and appraisal thereof from banks for term loan financing for set-up of educational institutions and heritage hotels.