ROLE OVERVIEW:

The role is the relocation of its Auto Components and Aerospace manufacturing facilities from Bangalore to Andhra Pradesh, alongside concurrent Capex deployment across both businesses. This role has been created to embed a dedicated finance and controls professional at the heart of this initiative. The Project Controller will serve as the single point of financial accountability for all Capex sanctioned and incurred across the company - from project initiation through facility commissioning in Andhra Pradesh. The role demands an individual who can function independently, engage directly with project teams and vendors, and provide the CFO with accurate, real-time financial oversight.

KEY RESPONSIBILITIES:

A. Capex Planning & Control:

- Own the consolidated Capex budget across both the Bangalore operations and the new Andhra Pradesh facilities

- Track and reconcile all Capex commitments, purchase orders, invoices, and actual spend on a real-time basis

- Build and maintain a Capex tracker (by project, asset category, vendor, and geography) with variance analysis against approved budgets

- Review all Capex requisitions and purchase approvals - flag over-runs, unapproved deviations, or split purchases to circumvent approval thresholds

- Prepare monthly Capex MIS for the CFO, including project-wise spend, committed vs. incurred, completion %, and revised cost-to-complete

- Ensure capitalisation of assets is done in a timely and accurate manner; coordinate with the accounts team for accounting entries under Ind AS

B. Facility Relocation - Financial Management:

- Maintain a comprehensive cost register for the entire Bangalore-to-Andhra Pradesh relocation - covering dismantling, logistics, reinstallation, civil works, and new utility infrastructure

- Coordinate with project engineers, PMC (if engaged), and vendors to validate cost estimates and milestone-based payment schedules

- Review and clear all vendor invoices related to relocation - ensure work completion verification, contractual linkage, and approvals are in order before payment

- Monitor advances paid, retention amounts, and warranty obligations under each relocation contract

- Track GST implications on inter-state movement of machinery and capital goods; liaise with the indirect tax team for credit availability and compliance

- Prepare a final cost reconciliation report for each phase of the relocation

C. Project Governance & Compliance:

- Establish and enforce financial controls specific to the project - PO discipline, three-way matching, approval hierarchies, and payment controls

- Review project contracts from a financial risk perspective; flag payment milestones, liquidated damages, and escalation clauses

- Maintain a vendor-wise ledger and ageing analysis; ensure no vendor is overpaid or carries an unreconciled balance

- Coordinate with statutory and internal auditors on Capex-related audit requirements; ensure documentation is audit-ready at all times

- Ensure compliance with Companies Act requirements for capitalization, asset register maintenance, and depreciation computation

D. MIS, Reporting & Stakeholder Management:

- Prepare weekly / fortnightly project financial dashboards for review by the CFO and CMD

- Present monthly Capex reviews to senior management - with narrative on key developments, risks, and recommended actions

- Liaise with bankers/lenders where Capex is funded by term loans or facilities - ensure drawdown requests are aligned with actual spend and documentation is in order

- Coordinate with the Andhra Pradesh facility team on ground-level financial processes - petty cash controls, site advance management, and local vendor payments