Exide Energy Solutions Limited is a wholly owned Subsidiary of Exide Industries Limited, leading battery manufacturing and distribution company in India with annual revenues of $1.8+ Bn. Exide Energy Solutions Limited is investing $500+ Mn dollars to setup Indias first Giga plant to manufacture Lithium-Ion Cells at Devanahalli Industrial Area in Bengaluru. Exide Energy designs, develops, and manufactures Lithium Ion Cells and Battery Pack solutions for various energy storage. Exide Energy is a leading player in the market with OEM customers across key market applications – 2W, 3W, 4W, CV and industrial applications. Exide is also deeply invested in further developing li-ion technology with significant R&D; investments including setup of in-house team as well as necessary lab infrastructure to support development activities.
Roles and Responsibility:
1. Identification and Capitalization of Assets:
- Identify assets that need to be capitalized based on organizational guidelines and accounting policies.
- Ensure proper classification and capitalization of assets according to Ind-AS and Income Tax requirements.
2. Asset Register Management in SAP:
- Maintain the Fixed Assets Register in SAP, ensuring all asset data is accurate, complete, and up-to-date.
- Align the asset register with operational teams to ensure the accurate representation of assets.
- Ensure seamless integration of SAP asset records with business operations for real-time asset tracking and reporting.
3. Recording of Fixed Assets (Additions and Deletions):
- Record the addition of recent fixed assets and update asset information in SAP, ensuring alignment with Ind-AS guidelines.
- Process asset disposals and deletions in accordance with financial and tax regulations, ensuring accurate write-offs in the system.
4. Depreciation Calculation:
- Run depreciation calculations for fixed assets as per Ind-AS and Income Tax guidelines, ensuring accuracy and consistency.
- Monitor depreciation schedules and ensure ti