Menara Kondiminum, Tower A 1205, Kelapa Gading, Jakarta Uttara 12450

E-mail: atulm135@yahoo.com, Mobile: +62818660988

PROFILE - ATUL MITTAL

Executive Summary

A Senior professional in Corporate Finance, Strategy and Structuring, serving the

manufacturing industry for more than a quarter century.

A Fellow Chartered Accountant (FCA) and Fellow Company Secretary (FCS) from India.

Effective leader with integrity, good governance, culture of learning and sharing, creating

and protecting value for the stake holders, implementing strategies for the organisation.

I had been part of the leadership team(s), to achieve turnaround for the company(s) (in

Auto and Packaging), to implement strategies for sustained growth (Metal and Packaging)

and to sail through adverse business cycles (Metal, Garments and Auto). Been part of core

team to acquire and amalgamate businesses (Packaging).

Funding and Financing solutions for Organic and Inorganic growth opportunities for

Manufacturing companies. Exposure to Financial Markets, Banks and Financial Instituti

support the Business Leader(s) in the journey of value creation ons in India and Indonesia,

and multinational financing agencies like IFC Washington

Designed, developed and implemented systems for Internal Controls, MIS, Costing and

Cost Control, Cash flow management Systems, ERP structures (SAP & Oracle).

Implemented management tools such as Theory of Constraints (TOC) and Management for

Objectives (MFO). Have exposure to Quality tools - TQM, TPM and ISO certification.

Lead Finance function, including Risk Management, Statutory Compliance and Corporate

governance Auditing, Taxation and Accounting. And Commercial functions, including

Projects execution (aggregating to more than USD 200 million), Production Planning and

Control (PPC), Logistics and Supply chain management.

Experience of Operating from Corporate office as well as from manufacturing locations. I

addition to India, have about 6 years working experience in Indonesia, with exposure to

multi culture and multi linguistic work environment. I am conversant and comfortable to

adapt to the local work culture, social culture, language and food.

Atul Mittal

PROFILE - ATUL MITTAL

My SPECIALISATION

Business Strategy and execution, Corporate restructuring and risk management, Commercial and

Business Expansions, M&A, Project Execution, Capital and Financial Markets, IT Systems, Internal

controls and MIS, International Trade and General Management

Passionate with financial structures in solving business problems, decision making, out of the box

solutions, identification of key issues and management by exception. Well networked in financial and

banking industry.

Rich experience with medium and large operations. Experience of reporting to board of directors

constituted with accomplished and eminent personalities. Hands on in corporate governance, with

clear understanding of inter play in financial markets, market cap and investor returns.

Some MAJOR CONTRIBUTIONS:

At MIG GROUP (Designation: Group CFO; Reporting to: CMD and Executive Director)

MIG group businesses consist of Garments manufacturing (as an OEM). A sustainable business

model with ambitious and steep growth plans. Established in 2004, its two manufacturing facilities

are located in Central Java and reputed customers accross US and Europe.

1. Sustained and protect the interest of stakeholders in adverse conditions, including the

employment of 5000+ workmen.

AT SONA GROUP (Designation: Group CFO; Reporting to: Chairman and Vice Chairman)

Sona group is a manufacturing conglomerate in auto sector with 3 business verticals comprising of

‘Precision forgings businesses’, ‘Steering systems and axle assembly businesses’, and ‘Propeller shaft

business’. The group turnover for F 14 aggregated at USD 800 million, with about 50% from

overseas operations.

1. Revived the Sheet metal business for the group, of strategic importance. Lead the initiative

as a corporate resource and later as the Chairman of the board. Prepared a growth strategy

for the business with a cross functional team.

2. Planned and executed prepayment of expensive debt. Negotiated and made the existing

lender accept prepayment and cedes pari passu charge to new lender, the asset cover being

<1. The fresh borrowing negotiated at attractive terms and a very competitive rate.

3. Remodeled Euro 100 million debt portfolio for a business vertical, contracted at India,

Germany and the US, overcoming the challenges of security sharing, financial covenants,

cash flow and repayment obligation among institutions. This lead to cost reduction, release

of shareholders guarantees to the banks and avoid conversion clauses of the existing debt.

4. Ensure availability of optimum working capital facility from banks at all time and anticipate

change in business requirement for a year in advance. Continuously explore opportunities for

cost reduction and funding with existing and new bankers.

5. Planned and implemented strategic exit from a non-core business. The business was a drag

on the finances and continously accruing liability. Explored all possible exit options, including

revival and sell off for the business, before structuring a clear exit from the business.

AT PT JINDAL STAINLESS INDONESIA (Designation: GM Finance; Reporting to: President

Director)

Subsidiary of Jindal Stainless Limited a USD 2 billion company for Stainless steel manufacturing,

part of leading Steel conglomerate – Jindal Group from India. Facility for cold rolling of stainless

steel at Gresik, East Java (Near Surabaya). Established by takeover of loss making facility from

Maspion Group in 2005

1. Financial closure of expansion project to double the capacity of Stainless Steel cold rolling

mill to 150,000 MT per annum at Indonesia

2. Lead the introduction and smooth switch over to SAP ERP in the organization in 5 months,

and established an all-inclusive MIS system.

3. Trained, guided and motivated team of 35 to achieve excellence, in Finance, PPIC, Finished

Goods Store, Dispatch, Stores and Purchase.

AT COSMO FILMS LIMITED (Designation: DGM; Reporting to: CEO)

A packaging and lamination solutions company with multi national operations. Large manufacturer of

oriented and thermal films with a turnover of over USD 200 million

1. Acquisition and amalgamation of the operations of the closest competitor into the company.

2. Part of management team to turn around the company.

3. Funding from International Finance Corporation, Washington for the expansion project.

Headed the Corporate finance and Corporate affairs function for the public listed company

Specialised Training

Theory of Constraints (TOC) Concepts and Practices

Bulletproof manager conducted by Crestcom.

Strategic planning at Tata Institute Pune by Cosmo Films

Summer school on Valuation at Institute of Financial Management and Research at Chennai

by ICICI bank.

Drivers of Tomorrow (DOT) – a leadership development program by Sona Group