05 Oct
|
FAST TRACKS CAR CARE
|
Hyderabad
05 Oct
FAST TRACKS CAR CARE
Hyderabad
About FTCC and why this role existsFast Tracks Car Care is India's largest car customization and modification business, headquartered in Jubilee Hills, Hyderabad. We sell accessories, audio, detailing, wraps, wheels and full builds across retail and service.
We are growing fast and planning a showroom expansion, a FOCO franchise model and new high-margin service lines. Our accounts have not kept pace: records across entities need reconciliation, and lenders and investors need clean, audit-ready numbers before they commit capital.
This person will turn our finance function from bookkeeping into a growth engine — clean books first, then sharper margins, then bigger, cheaper capital.
Key responsibilities1. Clean up the books
- Audit the current state of accounts across all FTCC entities and firms; produce a gap report within 30 days.
- Reconcile bank, cash, GST, TDS, vendor and customer ledgers; clear suspense and unexplained entries.
- Close pending GST returns, ITC mismatches (GSTR-2B vs books), TDS defaults and ROC filings; respond to notices.
- Separate personal and business transactions; fix related-party and inter-firm balances with proper documentation.
- Rebuild the chart of accounts, inventory valuation and fixed asset register on Tally / Zoho Books.
- Get statutory audit and tax audit completed on time with clean opinions.
2. Grow revenue and margins
- Build product-, service- and branch-level P&L; so we know exactly what makes money.
- Analyse pricing, discounts and job-card profitability; recommend price and mix changes that lift gross margin.
- Plug revenue leakage: unbilled jobs, cash-sale gaps, unauthorised discounts, stock shrinkage.
- Set up working-capital discipline: receivables follow-up, vendor credit terms, inventory turns.
- Prepare annual budgets and monthly MIS with variance analysis for the CEO.
- Model unit economics for new showrooms, franchise (FOCO)
outlets and new service lines.
3. Raise loans and investment
- Make FTCC bankable: CMA data, projected financials, project reports and DSCR-ready statements.
- Secure and enhance working capital limits (CC/OD), term loans, equipment finance and MSME/CGTMSE-backed credit.
- Negotiate rates, collateral and covenants with banks and NBFCs; maintain lender relationships and stock statements.
- Prepare investor-ready financial models, valuation inputs, data rooms and pitch-deck numbers.
- Run financial and tax due diligence readiness for investors and franchise partners.
- Advise on the right capital structure, entity setup and funding sequence (debt vs equity).
4. Controls, compliance and team
- Design approval matrices, expense policies and maker-checker controls for payments and purchases.
- Own GST, income tax, TDS, PF/ESIC payroll compliance and Telangana-specific registrations.
- Monthly close within 7 working days; quarterly reports to the CEO.
- Lead and train the accounts team; coordinate with external auditors, tax consultants and bankers.
Success measuresTimeline - What success looks like
- First 30 days
Gap report on accounts, compliance and pending liabilities; clean-up plan approved by CEO
- First 90 days
Ledgers reconciled; all GST/TDS returns current; monthly MIS live; bank-ready financials and CMA prepared
- 6 months
Audit closed with no major qualifications; first loan sanction or limit enhancement secured; branch/product P&L; in use
- 12 months
Gross margin up by an agreed target (e.g. 3–5 points); receivable days and leakage down; funding raised against an agreed target from banks and/or investors Exact revenue, margin and funding targets will be fixed with the CEO at joining.
Must-have qualifications
- Qualified Chartered Accountant (ICAI member), 7–12 years post-qualification.
- Proven track record of cleaning up messy books in a growing SME or family-run business — with examples you can walk us through.
- Personally led bank loan or working capital proposals: CMA data, project reports and lender negotiations, with sanctions of ₹5 crore or more.
- Hands-on with GST (returns, ITC reconciliation, notices), income tax, TDS and ROC compliance.
- Strong financial modelling and MIS skills in Excel; fluent in Tally Prime and/or Zoho Books.
- Experience in retail, automotive, multi-branch service or franchise businesses.
- Comfortable working directly with the founder and taking ownership end to end.
Positive to have
- Equity fundraising or investor due diligence experience (angel, PE/VC or strategic investors).
- Exposure to franchise accounting, royalty structures and multi-entity consolidation.
- Working relationships with Hyderabad-based banks, NBFCs and SIDBI/MSME schemes.
- Experience implementing ERP, POS-to-accounts integration or automated reporting.
- Additional credentials: CFA, DISA, or an MBA in Finance.
Personal attributes: high integrity and discretion; persistent with banks and vendors; explains numbers in plain language to non-finance people; prefers fixing problems over reporting them. Compensation and hiring processWhat we offer: competitive fixed pay, a performance bonus linked to funding raised and margin gains, direct access to the founder, and a seat at the table as FTCC scales into showrooms and franchises.
📌 Chartered Accountant (Finance Controller and Fundraising Lead) (Hyderabad)
🏢 FAST TRACKS CAR CARE
📍 Hyderabad