Summary
Overview
Work History
Education
Skills
Timeline
Generic
Rakesh Bagve

Rakesh Bagve

Treasury Professional
Mumbai

Summary

Seasoned Treasury Professional with 20+ years of extensive experience in corporate finance, cash flow management, risk mitigation, and banking operations. Holds an MBA in Finance and a Commerce Degree, combining strong academic foundations with hands-on expertise in managing treasury functions for large organizations. Proven track record in optimizing liquidity, handling foreign exchange, managing working capital, and fostering strong banking relationships. Adept at leading cross-functional teams, implementing treasury systems, and ensuring regulatory compliance. Known for strategic thinking, attention to detail, and a results-driven approach in dynamic and fast-paced environments.

Overview

24
24
years of professional experience
3
3
Languages

Work History

Treasury Head

Brainlabs Digital India Pvt Limited
05.2025 - Current
  • Manage all treasury functions, working closely with the Group Finance Controller to ensure integrity of organizational cash needs.
  • Co-ordinate closely with all regional managers to understand their monthly cash needs.
  • Control consolidated 16-week group cash forecast; improve accuracy; enable proactive decision making.
  • Approve all regional cash disbursements, ensuring cash is available for weekly payment cycles.
  • Ensure optimal use of global cash, funding between intercompany, transfer pricing dues settlements.
  • Identify and monitor foreign exchange exposures, develop hedging strategy with a goal of minimizing risks.
  • Develop strong relationships with 3rd party providers for hedging.
  • Manage line of credit with banks, ensuring these are used effectively, timely debt interest payments.
  • Manage global bank accounts, maintain strong relationships with global banking partners.
  • Comply with all company policies and procedures, to improve treasury function and simplify organizational operations.

Assistant General Manager Treasury

Dalmia Cement (Bharat) Limited
01.2020 - 04.2025
  • Managing liquidity in an optimum and efficient manner to ensure funds are readily available for ongoing operation and capital investment requirement.
  • Handling cash flow planning, related borrowing needs and deployment of surplus funds for investment across companies.
  • Monitoring working capital facilities, on time interest/instalments within group companies, Bank limit renewals, Credit ratings.
  • Board Updates, Periodic Treasury Reporting, Cash flows, Bank Recos, Investment Report, etc.
  • Overseeing Insurance Portfolio of all companies, policy renewals, claim lodgement, follow up, surveyor co-ordination, claim settlements.
  • Adhering Group Treasury guidelines, effectively co-ordinating with Group treasury functions.
  • Developing, implementing, improving, and enforcing controls to reduce risk & improve process accuracy and efficiency.
  • SPOC for Internal as well as statutory audit compliances & timely submission of all details, ATR points closure in time.
  • Nurturing strong relation with all stakeholders, business associates and other agencies.

Senior Manager Treasury

Phthalo colours and Chemicals
06.2009 - 12.2019
  • Monitoring & controlling financial operation of the organization.
  • Managing cash flow along with day to day monetary activities, handling receivables & payables.
  • Overseeing credit, liaising with Banks on regular basis for efficient credit line; ensuring complete utilization of banking limits.
  • Handling Trade Finance activity - Fund Based/Non fund Based limits - Packing Credit, Bill discounting, Export remittances, etc.
  • Monitoring Forex exposure, Exchange rate tracking, ensure effective Forex coverage and utilization of forward contracts.
  • Ensuring strict adherence of RBI, FEMA guidelines in Trade Finance, Treasury Compliances.
  • Regular reporting of financial information to Bank - Monthly stock report, DP statement, UNFC, FFR.
  • Timely follow up for Fund raising, Credit Limit sanctions, CMA Preparation, Business information, Terms sheet negotiation, Security Creation & disbursement.
  • Close co-ordination with Credit Ratings agencies to obtain better credit rating for the company.
  • Developing & maintaining a strong relationship with lenders/Financial stakeholders to achieve long-term business objectives.

Assistant Manager Finance

Simba Telecom
11.2005 - 12.2007
  • Preparation of budgeted P & L, Cash flow, Monthly collection target & comparison with actual throughout the month.
  • Manage receivables as well as payable with day to day operational activities.
  • Monitor purchase and maintain a strict inventory control to ensure the profitability of the business.
  • Preparation of various financial reports to provide business outlook to the Management.
  • Assistance to Management to develop and implement new procedure and features to strengthen the business operation.
  • Finalization of the books to provide true and fair picture of the organisational financial status.
  • Supervision on finance and Accounts department to deliver better and quality work.
  • Major Project - Played a vital role in Simba Telecoms new project called iBurst for new company - Rural Telecom Network.
  • Prepared all business feasibility plans for the project through close interaction with Business Development Team.
  • Actively involved in in-depth identification of Fixed Assets requirement and stringent analysis of admin, sales and other general overheads in respect of revenue generation Projects.

Executive Finance

Berger Paints Ltd
08.2004 - 10.2005
  • Day to day reporting to head office (Berger Paints- Tanzania) about the current position of the company related to sales, purchase, cash collection, banking, etc.
  • Analysis, verification & scrutiny of various fiscal reports, records & reconciliation of general ledgers.(Product wise sales report, Collection report, incentive report, inventory report, branch stock report)
  • Preparation of monthly M.I.S., P & L, cash flow, operation reports.
  • Behold on day-to-day batch costing, interaction with Production Manager if any variation arise.
  • Coordination with company auditors for finalization of company accounts.

Accounts Executive

Bora Industries Limited
08.2002 - 07.2004
  • Internal audit for verification of day-to-day transaction of sales, purchases, inventories and cash.
  • Monthly inventory for raw material, finished product with co-ordination of production team, branch stock take.
  • Managing bills payable, bills receivable, age balance & credit control.
  • Preparation of monthly revenue statement, cost sheet, cash flow, payroll & inventory reports.
  • Involved in the assessment with company auditors & Tanzania Revenue authority and filing all documents for statutory payments.

Account Assistant

Mercure Hotel Guest line
12.2001 - 08.2002
  • Checking & booking of day-to-day transaction of purchase, sales, cash receipts & payments.
  • Preparation of bank reconciliation statements, revenue statement, payroll, food & beverage cost report on monthly basis.
  • Monthly inventory of store, food & beverage, housekeeping.
  • Handling customer ledger accounts - forwarding bills for payments & subsequently follows up for collection.
  • Assistance in preparation of reports like M.I.S., G.O.P., Trial balance, P&L, Balance sheet.

Education

MBA -

University of Wales
01.2009

B.Com - undefined

Mumbai University
01.2001

Skills

  • Cash Flow Planning
  • Treasury Operation
  • Trade Finance
  • Liquidity Management
  • Foreign Exchange Management
  • Bank Borrowing
  • Banking Relations
  • Stakeholder Engagement
  • Treasury Compliance

Timeline

Treasury Head

Brainlabs Digital India Pvt Limited
05.2025 - Current

Assistant General Manager Treasury

Dalmia Cement (Bharat) Limited
01.2020 - 04.2025

Senior Manager Treasury

Phthalo colours and Chemicals
06.2009 - 12.2019

Assistant Manager Finance

Simba Telecom
11.2005 - 12.2007

Executive Finance

Berger Paints Ltd
08.2004 - 10.2005

Accounts Executive

Bora Industries Limited
08.2002 - 07.2004

Account Assistant

Mercure Hotel Guest line
12.2001 - 08.2002

B.Com - undefined

Mumbai University

MBA -

University of Wales

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