About the client:

Our client is a leading health and wellness services company in India focused on helping customers achieve sound health, fitness and a sense of inner and outer well-being. An early mover in holistic well-being, the client has grown into a leading health service provider with approximately 400 Cr in revenue and a presence across major metros and key cities, largely in South India.

The company has niche expertise in diagnosing and treating obesity, skin and hair concerns, which often stem from lifestyle, medication side effects or hormonal changes.

Core Offerings:

- Weight Loss & Body Shaping: Instant Inch Loss, customised slimming programs and body toning using non-surgical technology.

- Skin Care: Microdermabrasion, stretch mark removal, under-eye darkness removal, glycolic peels, and treatments for acne, ageing and pigmentation.

- Hair Care: Hair loss control and repair, hair regrowth, anti-dandruff solutions and hair transplantation.

- Salon Services: Parlour and salon services for men and women.

- Holistic Approach: Advanced equipment combined with nutritional counselling, physical therapy and lifestyle modification, with a focus on relaxation and revitalisation.

Organisation & Network:

- Expert Team: Doctors, physiotherapists, cosmetologists, trichologists and nutritionists.

- Presence: 50+ branches across southern and western India, including Telangana, Andhra Pradesh, Tamil Nadu, Karnataka and Maharashtra.

About the role:

- Position: Finance Controller

- Location: Hyderabad, Telangana (base location)

- Reporting To: Managing Director / Promoters

- Function: Finance, Accounting, Internal Controls & Treasury

- Industry: Slimming, Wellness & Aesthetic Clinic Services

- Revenue: ~400 Cr

The client is building a professionally governed finance function to support its next phase of growth and a targeted IPO within the next 2 - 3 years. They are looking for a Finance Controller based in Hyderabad whose core mandate is to bring structure and discipline to the finance function: standardizing accounting, building strict internal controls, and designing the processes and systems the company currently lacks. This is fundamentally a process and controls building role - someone who can take a growing, multi-location business and put in place the accounting rigor, control environment, and reporting discipline expected of an institutional, listing-ready company.

Key Responsibilities:

- Process & Systems Design: Design and document standard operating procedures for the entire finance function - accounting close, procure-to-pay, order-to-cash, treasury, and expense management.

- Build a proper chart of accounts, accounting manual, and delegation-of-authority framework, and drive consistent adoption across the organization.

- Own end-to-end process ownership: identify gaps in current workflows, redesign them, and institutionalize them so outcomes no longer depend on individual effort.

- Select, implement, and/or optimize accounting and ERP systems to support standardized, auditable processes at scale.

- Drive a zero-tolerance culture on financial discipline: documented SOPs, surprise audits, and escalation protocols for control lapses across branches.

- Partner with operations and regional teams to close the gap between field-level financial behaviour and centralized MIS/reporting.

- Standard Accounting & Financial Reporting: Own timely, accurate monthly, quarterly, and annual financial closes in line with Ind-AS and standard accounting practice.

- Ensure accurate books of accounts, reconciliations, and reporting across all entities and cost centres.

- Lead statutory and internal audits; ensure clean, on-time closure of audit observations.

- Deliver reliable MIS, budgeting, and variance analysis to management and the board.

- Internal Controls: Design and enforce a strict internal control framework across accounting, cash management, procurement, and expense approvals.

- Establish internal financial controls (IFC) aligned with the Companies Act and standards expected of a listed entity.

- Set up a structured internal audit function with clear escalation protocols for control gaps or exceptions.

- Periodically visit branches/locations as part of the control-assurance process, to validate that processes designed at the corporate level are actually being followed on the ground.

- Treasury & Corporate Finance: Manage corporate treasury: working capital, banking relationships, debt/credit facilities, and cash flow planning.

- Deliver monthly/quarterly MIS with branch-level and cohort-level KPIs (revenue per sq. ft., footfall conversion, package realization, franchise profitability).

- Own store/clinic-level unit economics - store P&L, break-even, rentals and occupancy cost, staffing cost, consumables, and new-store payback - and use them to guide expansion and closure decisions.

- Own budgeting, forecasting, and financial modeling (P&L, cash flow, balance sheet) for the business.

- Ensure statutory compliance - direct/indirect tax, RoC filings, labour law, and other regulatory obligations.

- IPO Readiness: Own the finance workstream of the company's IPO-readiness roadmap, targeted for execution within the next 2 - 3 years.

- Build IPO-grade financial reporting, governance, and disclosure practices well ahead of the listing process.

- Coordinate with merchant bankers, legal counsel, and statutory auditors as the process advances.

- Team & Stakeholder Leadership: Build and lead a finance team covering accounting, FP&A, treasury, and internal audit.

- Act as a key advisor to the MD/promoter on financial discipline, capital allocation, and risk.

- Represent the company with banks, auditors, and regulatory authorities.

Candidate Profile:

- CA with 12 - 20+ years of progressive finance leadership experience in financial reporting/financial controllership.

- Proven track record of building or overhauling accounting processes, SOPs, and internal control frameworks from the ground up.

- Strong grounding in standard accounting practice, Ind-AS, and statutory/regulatory compliance.

- Retail experience is important: a strong understanding of store economics and how a store operates day to day (store P&L, footfall and conversion, inventory, cash handling, rentals and staffing costs), ideally from a multi-location retail, QSR or consumer services business.

- High personal integrity and a demonstrated bias for structure, discipline, and process over ad-hoc, informal ways of working.

- Based in, or willing to relocate to, Hyderabad.