Shri siddharth Mishra -Chairman and Managing DirectorCommodore Siddharth Mishra (Retd) has productive admonish today, as the Chairman and Managing Director of Bharat Dynamics Limited (BDL), a Miniratna Category – 1 PSU lower the Ministry of Defence, Govt. of India. He succeeds Shri V. Udaya Bhaskar who has sequestered on 28 Feb 2019, on attaining superannuation. Commodore Mishra was commissioned in the Electrical Branch of Indian Navy in the year 1985. Post-retirement from Navy in Sep 2016, Commodore Mishra ministerd ECIL, a Schedule A Central Public Sector Enterprise.
Prior to combination BDL, he was General Manager (Defence) at ECIL, Hyderabad.—Џ Shri V Gurudatta Prasad – Director (Production)He afunroving the table on 10th September 2015. Prior to his ordinance as Director(Production), he ministerd as General Manager at BDL Bhanur in the competency of Unit Head. An M.Tech in Industrial Engineering & Administration from JNTU, Hyderabad, he did his BE in Mechanical Engineering from Bangalore University.—Џ Shri. Ashwani Kumar Mahajan -Government Director.He afunroving the table on 8th january,2016. He belongs to the devise of 1988 IRS.
He is besides MBBS, LLB, LLM (International Taxation). He was appointed as Addi.FA &JS in the Ministry of Defence (Fin) on 8 Jan 2016. Shri Ashwani Kumar Mahajan is appointed as Government Nominee Director on the Table of BDL w.e.f. 9 March 2016.—Џ Shri N P Divakar -Director (Technical) N P Diwakar, is the Director (Technical) of Bharat Dynamics Limited, a Miniratna Category – 1 Public Sector Undertaking lower the Ministry of Defence, Govt. of India. A Mechanical Engineer from Osmania University, Shri Diwakar holds a bright knowledge, spanning counteract 28 years, in several areas of Missile Production. Prior to his new ordinance, Shri Diwakar has ministerd as Executive Director in Bhanur Unit of BDL where he has played a key role in establishing standards set for the formation of Konkurs ” M & Invar Anti -Tank Guided Missiles and Unified Launchers ensuring sure operations after a while an extrinsic of reaching set targets—Џ Shri S Piramanayagam -Director (Finance) & CFO He afunroving the table on 1st January 2015. He is a Science Graduate and an Associate Part of the Institute of Chartered Accountants of India. Prior to combination BDL as Director (Finance), he toiled as General Manager handling finance functions of Rail & Metro Business upright of M/s. BEML Limited.—Џ Smt Sushama V Dabak – Independent DirectorShe afunroving the table on 1st December, 2015. She Afunroving Indian Audit & Accounts Service (IA&AS) in 1981 and held several posts including Principal Accountant General, Haryana, Accountant General, Rajasthan and Maharashtra. She did her MA in Economics, LLB and Diploma in Financial Administration from University of Mumbai. She has Audit knowledge of all three tiers of Government viz Central, State and Local and contrariant forms of Government organisations viz GovernmentCompanies, Autonomous Bodies and Local Bodies crust several sectors of the arrangement. —Џ Prof. Ajay Pandey -Independent DirectorHe afunroving the table on 1st December,2015. He is ordinaryly after a while IIM, Ahmedabad as Professor of Finance& Accounting. He graduated as an Industrial Engineer from University of Roorkee. He has been a consultant to the Government, Regulators and PSUs on infrastructure connected issues. He has besides been compromised in academic government as Chair, Post-Graduate Program (PGP), Dean [Faculty), Dean [Programs) and Director-inadmonish at IIM, Ahmedabad.—Џ Shri. Ajay Nath -Independent DirectorHe afunroving the table on 13th September,2017. He is a part of the Indian Administrative Service (IAS) of the 1982 devise accompanying to the Madhya Pradesh Cadre. He holds a bachelor and masters’ grade in Economics from the University of Delhi. He has toiled as Principal Secretary and posterior as Additional Chief Secretary in the Finance Department of the Government of Madhya Pradesh from September 2011 to September 2015.—Џ Shri K S Sampath -Independent DirectorHe afunroving the table on 13th September, 2017. He is a Chartered Accountant in deed, having 32 years of professional scylla in Income Tax, Corporate Laws, Banking (Treasury, Forex including Due Diligence of Foreign Banks), Insurance and specialisation in improving Corporate Governance.—Џ Smt. Latha Narasimha murthy -Independent Director She afunroving the table on 13th September,2017. She is ordinaryly the Managing Partner of Melange Prime Properties and Managing Partner at Toy Patnam. She has completed the MIT Global Entrepreneurship Boot bivouac and has been awarded certification on New Ventures Leadership from the Massachusetts Institute of Technology. She holds a post-graduate grade in Public Policy from the Takshashila Institution. Sections of Finance Dispersion In BDL Finance dispersion of BDL is operated lower subjoined exceptions:® Coin Section® Payroll Section.® Books Section.® Finance Section.® Bills payable Section.® Bills receivable Section.® Interior Audit Section.® Representative Accounts and Costing Section.® Audit Section.CASH SECTION:This exception is legitimate for all avail and cancelments of coin/cheques and other instruments; it oceantains coin/bank books.PAYROLL SECTION :This exception deals after a while salaries and allowance of executives and non-executives and stipends of trainees and apprentices. This exception besides deals after a while bills of daily rated employees (occasional toilers).BILLS PAYABLE SECTION :This exception deals after a while cancelments to suppliers. This exception is legitimate for® Cancelment & propositioning of advances.® Cancelment & propositioning of terminal bills.® Adjustment & repossession of advances.® Deduction/repossession and cancelment of statutory liabilities.BILLS RECIEVABLE SECTION :This exception is legitimate for provision and meekness of invoice to customer. Also,® Scrutiny of sales indication.® Provision of invoices.® Amity of customer propositions.® Accounting for sales and avail thereon.® Accounting of numerous avail from employers, township, hostels shopping close, subservient sheds, canteen etc..,COSTING & MATERIAL ACCOUNTING SECTION :The ocean functions of this exception include:® Valuation of representative decay and all other types of issues.® Maintenance of representative affair ledger (MTL) & require ledger.® Valuation of Inhouse unnatural components.® Quantity amity of bin card counteract after a while MTL.® Segregation of require variations.® Assisting in sentence making domiciled on requires compromised.® Scrutiny of lazy, non-moving unnecessary inventories. FINANCE SECTION : The ocean functions of this exception include:® Certification of availability of funds twain for principal and income charge after a while regard to general principal budget and deed budget for year.® Fixing of laceration for antecedent dedicated to employees/others.® Fixation of repossession rates in reference of services rendered, arrangement made dispensation of congregation goods.® Generally, proposals in reference of subjoined items are unquiet in finance exceptions.® Meaning of principal items/ representatives/ stores & spares/ tools and other services. All cases relative-to to recreation of rules.® Contracts entered into after a while suppliers/collaborators/ sub-contractors.® Sale, lease (or) hallucination of congregation wealth, scheme rumor etc.INTERNAL AUDIT SECTION :The interior audit exception has been formed to minister the administration in financial and other operations the functions of interior audit are as follows:® Carry out the appoint study/ re-examination. It involves in-depth trial of several elements, sub appoints, proceedings etc.,® Compliance audit(procedure, rules & statutory regulations)® Affair audit. It involves verifying seal and attesting exactness of entries in affair/documents/ seal and checking of instance & propositioning section enjoy procollocation leader no, toil appoint no. etc.® Physical honesty of goods(unroving goods, stores, coin vehicles etc..,® Conduct pre audit checks. It includes terminal settlements of contractors, supplier, and pay fixation & pay peculiarity cases of all employees / officers.Financial Accounting appoints of BDL—Џ General Accounts—Џ Require and Representative propositioning—Џ Unroving assests and Principal toil n mode—Џ Budgeting.2. Introduction to Financial procollocation Segregation Financial procollocation segregation is the mode of analyzing a congregation’s financial propositions for sentence-making meanings and to lowerstand the counteractall heartiness of an construction. Financial propositions annals financial grounds, which must be evaluated through financial procollocation segregation to behove more beneficial to investors, shareholders, managers, and other careful parties. The meaning of financial procollocation segregation is to prove gone-by and curlaceration financial grounds so that a congregation’s deed and financial collocation can be