Hemant Shitoley
About Hemant Shitoley
Hemant Shitoley serves as the Head of Finance at Hitachi Consulting in Thailand, where he manages the finance functions for three companies and oversees various operational aspects including audit and taxation. He has a strong background in financial management, project costing, and has successfully implemented Oracle Fusion Finance across multiple entities.
Work at Hitachi Vantara
Hemant Shitoley has served as the Head of Finance at Hitachi Consulting since 2014. In this role, he manages the finance function for three companies located in Thailand. His responsibilities include overseeing accounting, cash flow management, and acting as the primary contact for various operations such as audit, taxation, banking, and management information systems (MIS). He plays a crucial role in handling sales incentive calculations and revenue forecasting, ensuring financial stability and growth within the organization.
Education and Expertise
Hemant Shitoley completed his education at Kendriya Vidyalaya No.1 in Gwalior. He possesses extensive expertise in finance, particularly in costing, analysis, and feasibility studies for large-scale projects across South East Asia. His domain experience spans various sectors, including IT and enabled services, manned security, and hospitality, both in South East Asia and India. This diverse background equips him with the skills necessary to navigate complex financial landscapes.
Achievements in Financial Management
In his role, Hemant Shitoley successfully led the implementation of Oracle Fusion Finance across multiple business entities in Thailand. This initiative streamlined financial operations and enhanced reporting capabilities. Additionally, he achieved significant cost savings of USD 90,000 on medical insurance for employees through effective insurance management. These accomplishments reflect his commitment to optimizing financial performance and supporting organizational objectives.
Responsibilities and Operations Management
As Head of Finance, Hemant Shitoley oversees a wide range of financial operations. He manages accounting functions, cash flow, and serves as the single point of contact for audits, taxation, and banking. His role also includes managing relationships with subcontractors and ensuring compliance with financial regulations. Through these responsibilities, he contributes to the overall financial health and operational efficiency of the companies he oversees.