G.M. Finance Lilliput Kidswear

Summary

Desired Candidate Profile

Candidate should be from C.A. or ICWA Back ground with rich Experience in finance.

Job Description

 

 

 Expertise in financial planning, fund procurement & management, adhering to best accounting practices, statutory compliances (planning & management), cash flow / fund flow management, designing & implementing internal control systems towards the accomplishment of corporate business goals.

 Good understanding of budget formulation & implementation, systems/ procedures, preparing key reports to exercise financial control and enhancing overall efficiency of the organisation.

 Extensive experience in conceptualizing and implementing financial procedures for facilitating internal financial control; business plans / strategies for maximising profitability & revenue generation.

 Negotiating with banks and financial institutions for raising fund and non-fund based facilities at favourable terms to meet working capital and project requirements.

 Managing the functioning of ERP System for smooth functioning of various operations across the organisation.

 Demonstrated communication and relationship management skills coupled with excellent team handling abilities.

 Operations Finance – Financial Planning of Proto type & site specific store P&L, monitoring store performances, Setup store financial structure and store finance process

 IT Systems and Processes - Development of Business Requirements Documents (BRDs) for IT system implementation - Operation, Merchandising, Supply chain, Membership and Finance.

 Treasury Management – Dealing with Banks, Working Capital and Long term funding Development and implementation of project plan for the startup of business in India

 Managing Investor Relation & I.P.O process.

 

Company Profile

Lilliput Kidswear Ltd. was founded by Sanjeev Narula a first generation entrepreneur in 1991. The company originally manufactured & exported world class Women & children wear. Today Lilliput has a strong presence in both domestic and international markets in Kids wear. The brand Lilliput enjoys an enviable reputation in the kids wear market of India with a prominent market share. Lilliput entered domestic retail with the launch of the 1st Lilliput store in Delhi in August 2002. Since then there has been no looking back for Lilliput. The number of brand outlets has rapidly grown and currently stands at 206 exclusive brand outlets, 150 key multi brand outlets like Shopper's Stop, Lifestyle, Pantaloon, Reliance Trends, Pyramids and more and 450 point of sales. Lilliput has its presence in Bahrain and China and will expand by opening 25 stores in the Middle East by 2010-11 and 6 stores in China by June 2008. Lilliput Kidswear Ltd. had an annual turnover of Rs 182 crores in FY 06-07. Lilliput is currently growing @ 88.5% YOY. In FY 06-07 the revenue generated from exports was Rs 111 crores and from retail it was Rs 71 crores. Lilliput's vision is based on strong partnerships and rewarding associations with Private equity fund INDIVISION, a financial arm of Future group. This reflects the company's commitments towards growth and expansion. There is a large set up of 8 manufacturing units in New Delhi & NCR with 3,000 machines producing 6,00,000 units per month. According to a recent study conducted, out of the total Indian population, 30% are under the age of 12. The market for Kids apparel in India exceeds Rs. 14,000 crore, of which Rs. 3,000 crore is constituted by branded kids wear. It's growing @ 20% Per Annum which makes it one of the fastest growing markets. Lilliput exports to some of the world's best retailer's fastest growing & largest children's wear chains like Gap, Wrangler, Mothercare, The Children Place. Gap is one of their key customers contributing a large chunk to their export revenues. The product range consists of kids wear (for infants, toddlers, boys and girls), footwear, innerwear, nightwear, accessories, and ethnic wear for children under the age of 12. All of which have been launched after considerable market research and insight so as to suit the sensitivities of the customers.Lilliput was recently awarded the 'Brand of the Year '2007 Award in the Kidswear category by Clothing Manufactures Association of India (CMAI) and earlier the Pinnacle Award from Shoppers Stop for the best brand in the kids segment. The company believes that children are the future of the society and their well being is of prime importance to them, for which they have developed a phenomenon that concisely caters to the needs of the children and weaves not just clothes but optimum care, keeping in mind the sensibilities of the modern-day parents. In brief About Lilliput: Lilliput Kidswear Ltd. was incorporated in 1991 by the visionary Sanjeev Narula and is one of the largest kidswear groups in India. It has its presence in China & Middle East besides India and a turnover of Rs 182 crores. Throughout the range of their products, the quality is maintained at a consistent level to ensure optimum care for their sensitive customers. Lilliput has a strong workforce of 4,000 people in more than 65 cities through out the country. In Exports, Lilliput is very active in Europe; The USA, and other countries. Lilliput partnered with private equity firm INDIVISION in October of 2006. INDIVISION is the financial arm of Future group.

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