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satish-agrahar
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Member since August 9, 2022

Finance Controller

  • Cidade De Goa Resort (unit of M/s Fomento Resorts and Hotels Ltd. Goa)-From March’2014

till March’2019 as Financial Controller and from April’2019 till 31st August’21 as Financial Controller –Corporate (Asset Management) for Fomento Resorts and Hotels Limited, Goa.

The company owns the very famous 39-year-old 5 Star Deluxe Resort property (207 Rooms) in Goa known as Cidade De Goa and also now owns its newly constructed 5-star 299 room Resorts & Convention Hotel, situated next to the existing Cidade De Goa Resort. Both these hotels are being managed by IHCL (Taj group), with the existing resort known as “Cidade De Goa by IHCL Seleqtions”w.e.f 1st April’2019 and the new hotel, which opened on 1st March’20 is known as “Taj Resorts and Convention Centre, Goa (TRCCG).

The company (Fomento Resorts and Hotels Ltd.) has also another project in progress being a boutique resort at Aarvli, in Vengurla, Sindhdurg District Maharashtra.

 

Areas of responsibility: While holding the position of Financial Controller of the Hotel (from March’14 to March19), had a Span of control of   24 sub-ordinates (including 2 Managers and two Asst. Managers) covering the areas of Accounts, Finance and Materials Departments and 1 Manager Finance & 2 Accountants for the ongoing new hotel projects and reporting to the Managing Director of the Company. The main areas of the profile being Accounts, Finance, Banking, Projects and Business Support activities.

 

Identifiable contribution: Brought in Brand Hotel’s experience in building a strong Finance team, recognized as such throughout the hotel, by adding value to the Finance, HR as well as operational functions. Achieved cost savings through contract negotiations. Valid contribution in the process of the finalization and implementation of the “Management Operating Agreement” with IHCL (Taj) and financial closure for the new projects.

 

Areas of responsibility after Brand (IHCL) taking over Operations : While presently holding the position of Financial Controller-Corporate (Asset Management) of the owning Company-Fomento Resorts and Hotels Ltd. (from April’19 till August’21), having a Span of control of   2 sub-ordinates (1 Asst. Manager and 1 accountant) for the existing hotel-Cidade De Goa and 2 sub-ordinates (executive Accountants) for the newly opened 5 star hotel(TRCC) and ongoing projects and Renovation plans and reporting to the Managing Director of the Company.

Identifiable contribution: Actively involved in the formation and implementation of the core Asset Management Team after the Brand tie up and periodical interaction with the Brand.

 

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