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    Vikas Chawda

    Founder, Sr. Director Media, Director Finance, HR And Administration at XQube Media

    Professional Background

    Vikas Chawda is a seasoned finance and accounting professional with over 15 years of extensive experience in diverse roles within the finance sector. His career has been marked by a strong commitment to operational excellence and financial integrity across multiple organizations. Vikas is widely recognized for his expertise in audit, banking, accounting, reconciliations, payroll, and human resources operations. He has successfully handled a variety of responsibilities including monthly closing processes, ESOP documentation and coordination, ROC fillings, and company secretarial duties. Notably, he specializes in setting up internal processes and controls for startup companies, making him a valuable asset in the entrepreneurial ecosystem.

    Throughout his remarkable career, Vikas has held several key positions including Founder and Senior Director at XQube Media where he not only led the financial and administrative segments but also paved the way for organizational growth and successful operations. His previous roles included Head of Finance and Administration at Sutra Services Pvt. Ltd. and Senior Manager Finance & Accounts at renowned firms such as Komli Media and PubMatic. Vikas's ability to navigate complex financial landscapes has established him as a leading authority within the finance sector.

    Education and Achievements

    Vikas holds a Diploma in Business Management from the Dhanukar Institute of Management and a Bachelor of Commerce (B.Com) degree from Mumbai University, which has provided him with a solid academic foundation in business administration and commerce. His early education was completed at M.A. High School with a Secondary School Certificate.

    Throughout his career, Vikas has garnered numerous accolades for his outstanding contributions. He has successfully dealt with prestigious audit firms such as KPMG, showcasing his ability to manage external relationships while ensuring compliance with all financial regulations. One of his notable achievements includes conducting a thorough analysis that led to a reduction and refund of interest costs and bank charges, ultimately enhancing the financial health of the organizations he served.

    Additionally, he played a pivotal role in enhancing interest income on investments amounting to $3.8 million by strategically managing working capital, resulting in an impressive growth of $0.1 million in just 10 months at a competitive interest rate of 3.76%.

    Vikas is also recognized for streamlining government registrations which include ROC, PAN card, TAN, PF, PT, Shop & Establishments, among others. Moreover, his efforts to improve profit and loss scenarios through the implementation of financial and operational controls, as well as designing comprehensive MIS reports, have been instrumental for the organizations he has worked with. His exceptional performance has earned him multiple ‘Shining Star of the Quarter’ awards during his tenure at Komli Media India Pvt. Ltd. in 2008, 2009, and 2011.

    One of his significant contributions includes the successful launch of the Payroll module in Sutra Services Pvt Ltd’s “sumHR” product in September 2014. Within just one year, this module became a key revenue generator for the company, achieving a remarkable revenue increase of 71.4%. This exemplifies Vikas's hands-on approach and his commitment towards driving financial success and innovation within his organizations.

    Achievements

    Vikas’s career has been punctuated with an impressive list of achievements that underline his expertise and effectiveness in finance and accounts management. He has demonstrated a consistent ability to improve financial outcomes through diligent audits, strategic financial planning, and resource management. His reputation for working effectively with both internal teams and external partners is a testament to his collaborative and results-oriented approach.

    • Audit and Compliance: Successfully managed relationships with leading audit firms such as KPMG, handled income tax assessments, and facilitated trade union inspections which reflects his extensive knowledge of compliance requirements and regulatory frameworks in the finance sector.
    • Interest Cost Management: Achieved a reduction and refund of interest costs leading to significant financial savings, showcasing his adeptness in financial management and negotiation skills.
    • Investment Growth: Improved interest income on a substantial investment by leveraging strategic working capital management, demonstrating both foresight and financial acumen.
    • Government Compliance: Effectively facilitated all necessary registrations with government authorities, ensuring smooth operational functionality aligned with regulatory requirements.
    • Operational Improvement: Enhanced profit and loss scenarios through the development of financial and operational controls, which have driven business success and optimized resource allocation.
    • Recognition Awards: Received multiple accolades during tenures at Komli Media for outstanding performance, bringing distinction to both himself and the organizations he served.
    • Product Development: Launched an innovative Payroll module at Sutra Services which significantly contributed to revenue growth, indicating his ability to merge finance with technology for enhanced company performance.

    In conclusion, Vikas Chawda has built a robust career characterized by strategic foresight, operational excellence, and a dedication to financial integrity. His extensive experience and notable achievements make him a highly sought-after professional in the fields of finance, accounting, and human resources operations. Vikas continues to lead with passion and commitment at XQube Media, shaping the next generation of financial practices and operational strategies within the startup domain.

    Related Questions

    How did Vikas Chawda cultivate his expertise in financial operations and accounting over his 15-year career?
    What specific strategies did Vikas Chawda implement to achieve a 71.4% revenue increase from the Payroll module at Sutra Services?
    How does Vikas Chawda approach the development and establishment of internal controls for startup companies?
    What lessons did Vikas Chawda learn from his experience with prestigious audit firms like KPMG?
    How can Vikas Chawda's experience in finance and administration inform future strategies for innovative startups?
    Vikas Chawda
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    Location

    Mumbai, Maharashtra, India