Interview

Abstract

Shri Amitava Sinha, had assumed the charge of Director (Finance) of The Jute Corporation of India on 10 December 2020. A B. Com from the University of Calcutta and an Associate Member of the Institute of Cost Accountants of India, started his career with MSTC Limited, a Schedule-B, Miniratna Category-1 PSU, engaged in the business of e-Commerce and trade finance business. He was posted at their Western Regional Office (WRO) at Mumbai and served there for approx. 17 years (from May 1991 to May 2008). Shri Sinha was one of the core team members of WRO during the transformation of operations from manual to computerised system. In May 2008, he was transferred to the Head Office at Kolkata. Shri Sinha lead the development of the e-commerce (Forward and Reverse e-auction) platform with assistance from the System department to cater to the requirements of MSTC’s clientele. In Trade Financing, Sri Sinha’s contribution was the implementation of the revised model of business to mitigate credit risk. His other notable expertise lies in areas like Corporate Financing, budget compilation and monitoring, drafting MoU, JV related issues, IPO etc.

Shri Sinha was appointed as the Chief Financial Officer at Mahindra MSTC Recycling Pvt Ltd at Mumbai in June 2017, which is a 50:50 JV between MSTC & Mahindra Accelo (a group company of Mahindra & Mahindra). Mahindra MSTC Recycling Pvt Ltd was incorporated to set up country’s 1st auto shredding and vehicle recycling infrastructure. Being the first such Company in the organised sector, it had no precedence on accounting matters related to this industry in India. Sri Sinha, in his capacity of CFO had played a defining role in setting up benchmarks in various accounting related issues like, Defining the Bill of Material; Assigning the aggregate cost; Allocating manufacturing overheads; Developing cost of goods sold forecast model for new business; implementing inventory management; selecting and implementing time tracking system to better accounts to enable accurate and efficient reporting. The Company commissioned its first plant in December 2018 and within November 2020 commissioned another two plants. In a short span of under two years the Company reported Profits Before Tax in October 2020, under the able financial stewardship of Shri Amitava Sinha.

 

Shri Sinha believes in hard work, sincerity, working in diverse areas, inter-personal skill, boundary management to create great place to work.