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I am

Chetan Mathur

Profile

Finance professional having over 30 years of post-qualification global experience with more than 23 years in Foods & Beverages industry with prior exposure to Automobiles & Fertilizers.

Currently Managing Partner at 2nd Innings Advisory where I advise companies on Finance and Governance and am a Hony Director at Global Risk Management Institute. I am an Independent Director on Mahindra HZPC Private Limited (a JV in the potato seed business) and Prataap Snacks Ltd. a publicly listed FMCG company. I am also a member at Inflection Point Ventures an Angel investor network besides being on Board young companies.

Led Operating Finance and Control agenda in the fastest growing geography/Sector (Asia, Middle East and Africa) in PepsiCo. Recognised for Finance & Control excellence by winning many PepsiCo CFO awards. Expert in control mechanisms leading to process improvement, M & A process management, business integration and productivity enhancement. Nominated as PepsiCo representative Director on Board of Directors in NourishCo Beverages Pvt Ltd (a JV with Tata Global Beverages).

Experience

  • Present

    Position

    Director on the Board & Academic Council

    Company Name

    Global Risk Management Institute

    Role Description

    As the Hony. Director of the Institute, I am helping the Core Team to build content, conduct programmes, connect with corporates and find students for one-year postgraduate diploma program and executive program. I am also conducting classes in Internal Controls Over Financial Reporting (ICOFR) and Industry sessions in Enterprise Risk Management & Process Risk Management.

  • Present

    Position

    Managing Partner

    Company Name

    Company - 2nd Innings Advisory (RJC 2nd Innings Advisory P Ltd)

    About Company

    Experts on one platform. 2nd Innings Advisory is a platform for successful leaders from the Corporate world to discover ways to give back to the new and young Corporate India and the World. Our partners invest their time to help Companies become new Fortune 500 company! They have experience ranging from 15 years to 35 years and beyond. They were Leaders or CXOs or SME in super successful companies (including Fortune 500).

  • Present

    Position

    Independent NED and Member of Audit Committee

    Company Name

    Mahindra HZPC Pvt Ltd (a JV with HZPC SBDA BV)

  • Present

    Position

    Member of the Board and Chairman of Audit Committee and Risk Committee

    Company Name

    Prataap Snacks Ltd/ Yellow Diamond

  • Present

    Position

    Member

    Company Name

    Inflection Point Ventures

    About Company

    We at Inflection Point Ventures aim to leverage the distributed knowledge of over 500 CXOs spread across industries, and expertise to help start-ups scale new heights and grow into transformational companies. We also allow a new investor to start with a small investment while still making a meaningful value proposition for the startup with combined funding from various members. IPV is industry agnostic, our focus is dealing with committed and competent founders.

  • Present

    Position

    Board Director, Investor & Advisor

    Company Name

    Traktion Solutions P Ltd (Traktion Solutions P Ltd offers telemedicine application Doctor 24x7)

  • Present

    Position

    Advisor

    Company Name

    Professional Accounting & Consulting Companies

    Role Description

    Advise and participate in assignments at mid-sized Accounting and Consultancy companies. Helping the Directors and Partners of these companies to create a world class organization

  • March 19 to June 20

    Position

    Lead Finance PMO

    Company Name

    PepsiCo GBS (Global Business Service)

    Role Description

    Helped the Company set up Financial infrastructure at 3 GBS centres which were located at Hyderabad India, Cairo Egypt and Krakow Poland

  • Present

    Position

    Chairman of the BOD and Advisor

    Company Name

    Rumi’s Kitchen Management P Ltd

    Role Description

    Rumi’s Kitchen Management P Ltd (a kitchen in Gurgaon) - Working with the Founders on raising capital, building a team and advising them on building a scalable business.

  • Dec 18 to March 19

    Position

    Short assignment as Financial Controller

    Company Name

    The Smiths Snackfoods Pty Ltd Sydney AUS

  • Dec 17 to Feb 18

    Position

    Finance Consultant (Interim CFO)

    Company Name

    Jubliant Foods Ltd. (Franchise for Dominos) (turnover of $360 million)

  • 2015 to 2018

    Position

    Member of FRRG (Financial Reporting Review Group New Delhi)

    Company Name

    Institute of Chartered Accountants of India

  • Jun 12 to Nov 16

    Position

    Senior Director & Controller, India Region Gurgaon

    Company Name

    Pepsico India

    Role Description

    • Leading a team of 60 including 9 direct reports to handle statutory reporting, internal control, direct and indirect taxation & treasury for India operations valued at USD 1+ bn
    • Operating/Strategic Initiatives: Led the Finance organization transformation project in 2014 to create a new power of one team with a goal to reduce headcount and cost by 10%. This project earned me CFO Finance award for People leadership
    • Cost Savings & Process Improvement Initiatives: Spearheaded initiative to reduce compliance risk of indirect taxes, identifying issues and forming task force to resolve the same, reducing overall risk by USD 50 mn
    • Steered initiative, 'Simplification' involving identification of opportunities to automate, simplify, standardize and outsource processes across India, achieving annual cost savings to the tune of USD 20 mn
    • Controls Improvement Initiatives; Played a key role in improving the Control Environment by converging internal audit reviews and self-testing, facilitating timely identification and remedial measures
  • Jan 09 to May12

    Position

    Senior Director Finance and Assistant Controller PepsiCo (AMEA) Dubai

    Company Name

    Pepsico

    Role Description

    • Led a team of Senior Managers to handle process & enterprise risk management, Sox, internal control, accounting & SAP across Asia, Middle East and Africa, the regional business valued at 6+Bn
    • Control Enhancement Initiatives:Led the improvement in Internal Control process in AMEA by holding training workshops, dashboarding the COSO & Sox results to CEO AMEA, and conducting short audits at troubled businesses. The work resulted in zero failed audits from 2011 onwards versus failed audits in 2009 and 2010. Supported the 5 SAP projects across Jordon, New Zealand, Dubai, Australia and Thailand to ensure appropriate & effective control measures
    • M&A and Stakeholder Management Initiatives:Played a vital role in structuring, due diligence & purchase accounting for International Dairy and Juice Company, a JV of PepsiCo and Almarai
    • Worked with Calbee team (a PepsiCo JV) in setting up reporting and JSoX processes & strengthening internal controls along with studying accounting implications of IPO in Japan
    • Played a leadership role during Thailand Beverage acquisition and Vietnam divestment, conducting due diligence and addressing related complex accounting
  • Jan 07 to May 08

    Position

    Director- International Audit New York

    Company Name

    Pepsico

    Role Description

    Led a team of 14 & conducted global reviews, identifying weaknesses in 4 PepsiCo beverage companies in China & Jordan and 1 food company in China, saving USD 150 mn cumulatively. Covered the fastest growing geography and most diverse Sector of PepsiCo whose Revenue was $6Bn

  • Feb 03 - Dec 06

    Position

    Financial Controller for India Beverages Gurgaon

    Company Name

    Pepsico

  • May 08 to Dec 08

    Position

    Director- Finance & CFO - India Foods Gurgaon

    Company Name

    Pepsico

    Role Description

    • Led a team of 40+ in the USD 300 mn India Foods business
    • Worked closely with the Foods leadership to introduce new verticals including baked variant and make structural changes for procurement of raw material ($10Mn)
    • Improved productivity significantly & saved > USD 5 mn cost along with increasing profit by 5% of net revenue in a difficult economy
    • Drove multiple projects to improve the cold store infrastructure, delivering savings of USD 3 mn per annum
    • Led implementation of SAP project, which was recognized by winning the CFO PepsiCo award
  • May 00 - Feb 03

    Position

    Director Commercial (Franchise Operations)/CFO Fobo) Gurgaon

    Company Name

    Pepsico

  • Jan 97 to Apr 00

    Position

    General Manager- Business Planning (Company owned Bottling Operations East & South Locations

    Company Name

    Pepsico

  • Apr 95 to Dec 96

    Position

    General Manager - Finance (CFO- UPCOBO) Lucknow

    Company Name

    Pepsico

  • Jan 94 to Apr 95

    Position

    Head of Finance (CFO - Nepal) Kathmandu

    Company Name

    Pepsico

  • Apr 91 to Dec 93

    Position

    Manager Finance

    Company Name

    DCM TOYOTA LTD

  • Jan 87 to Apr 91

    Position

    Asst. Manager Finance

    Company Name

    Nagarjuna Fertilizers & Chemicals Limited Hyderabad

  • Aug 82 to July 86

    Position

    Article Trainee

    Company Name

    A F Ferguson & Company (Chartered Accountants- Now part of Deloitte) Hyderabad

Awards

  • 2011 – PepsiCo CFO Finance Award for Control Excellence
  • 2012 - PepsiCo CFO Finance award Strategic Impact
  • 2013 - PepsiCo CFO Finance award Productivity
  • 2014 - PepsiCo CFO Finance award Control Excellence
  • 2015 - PepsiCo CFO Finance award People Leadership and Transformation
  • 2015 - PepsiCo India was recognized as the best FMCG company in managing enterprise risks in India by CNBC
  • 2016 - PepsiCo CFO Finance award Strategic Impact
  • 2019 - Certificate of Recognition PepsiCo GBS