
Shyam
Chief Financial Officer at BlackTeal Energy
New York, United States
CFO-Finance, Capital Investments, Analytics
Domain experience
Relevant Total Experience: 15 years
Seniority Level: Senior
Sector Experience:
Communication Services Consumer Discretionary Consumer Staples Energy Financials FinTech Health Care Industrials Information Technology Materials Real Estate UtilitiesSkills
Skilled in: Corporate Development, Due Diligence, Legal, Portfolio Services & Add-on M&A, Private Equity & Growth Capital, Sell-side M&A
Languages: English
Work Experience
BlackTeal Energy
Chief Financial Officer
●1/11/2023
- Now
CFO for BlackTeal Energy, a pioneer in AI-driven energy solutions, specializing in Battery Management Systems (BMS) and integrated energy systems that ensure backward and forward compatibility, resilience, and sustainability to address obsolescence in the Energy Storage Industry.
Purim Ventures
Chief Financial Officer- Portfolio and Fund services
●1/4/2022
- 31/10/2023
Purim provides Transactional advisory, Marketing Strategy as well as fractional CFO services for Venture-backed companies including Health tech and Sustainability space among others. I provide fractional CFO and strategic advisory services to Purim Ventures portfolio companies and clients of their Capital Mastermind program
TechCXO
CFO Partner
●1/3/2020
- 31/3/2022
Premier fractional CFO services company for Tech & Lifesciences companies. Fractional CFO for Venture-backed SaaS companies including Mediatech/NFT/Blockchain space, Healthcare data among others. Assisted a TechCXO client close the seed round successfully and a large Fintech client from a product development perspective.
Cubiczan
Fractional CFO
●1/6/2017
- 31/3/2022
Cubiczan is a Fractional CFO Advisory services company that has serviced over 100 companies in Cleantech, Healthtech, SAAS and data analytics space both with short term financial modeling as well as interim and fractional CFO services. In addition Cubiczan has assisted over 15 Mining and Cleantech companies raise capital within Canadian and Australian Public markets
Sproxil, Inc
Chief Financial Officer
●1/7/2017
- 31/8/2021
Sproxil is a Venture capital-backed company based in Cambridge, Massachusetts that provides a consumer SMS and App based product verification service to help consumers avoid purchasing counterfeit products. A global company with operations in 8 countries with Marquee customers like Total, Novartis and Merck among others
KICVentures
VP of Finance and Business development
●1/9/2014
- 30/6/2017
Venture-backed by KICventures, Sensedriver Technologies was in the race with Navdy as a connected automotive company developing platform technologies including voice-assisted driving assistant and a portable Heads up display. Responsible for operational restructuring both on Backend Shared services (HR, IT, Accounting, Marketing) as well as front end product development. Brought in Global onshore/offshore model to flatten the cost structure for hardware and software development as well as spearheaded engagements with Global Auto majors and Tier One Automotive technology suppliers. Manage Global vendors and partners to drive business transformation and restructuring. Also worked on other portfolio companies in healthcare and Medical devices Revenue Generation, Expense Management and Restructuring: * Operating roles across SenseDriver Technologies- Connected Car company (also responsible for software development and setting up Global supply chain). * Championed the turnaround of other KIC portfolio companies by driving down G&A by over 50% through complete revamp of backoffice Finance, HR, Accounting, Legal, IT and web development through a combination of cloud based technology and onshore/offshore delivery model. Business Model Transformation: * Developed and negotiated Onshore/offshore delivery model for product development, testing and documentation support for all portfolio companies with annual savings projected over $2 Million * Lead the development of our Sensedriver apps partnering with leading Global IT services organization * Building revenue opportunities and inventory visibility around Data by implementing a BI platform consolidating multiple data sources between ERP, CRM and other data systems supported by front end BI and analytic infrastructure.
American Academy of Physician Assistants
Chief Financial Officer and Sr. VP of IT
●1/6/2012
- 30/9/2014
Chief leadership and management of corporate Finance, IT and operations for the national Nonprofit. Responsible for executing Financial restructuring through Business Model Transformation, Turnaround and IT development and management initiatives leveraging Contract restructuring, Managing expense and revenue drivers leveraging Business analytics and predictive modeling. Revenue Generation Executed the turnaround of the organization by renegotiating $2 Mil. In outstanding Revenue royalty, IT service and real estate contracts, cutting over $1 Mil. In Operating costs, leading to a turnaround from $2.6 Mil. Negative change in net assets in prior year and Negative operating Margin in 4 prior fiscal years to a breakeven Change in Net Assets in FY2013. Implemented real-time budgeting and agile forecasting across all departments by leveraging Adaptive BI and visual discovery solutions and drill down capabilities cutting over $1 Mil. Operating expenses. Successfully sold a non-performing Real estate asset expected to deliver an additional portfolio income of $300K/year Renegotiated IT services and infrastructure around a managed service and Cloud computing based model resulting in $350K annual savings. Business Model Transformation: Successfully rebuilt our website leveraging mobile, responsive design and streamlined search and taxonomy to add significant value to members. Building revenue and royalty opportunities around Data by implementing a Big Data platform consolidating over 270 data sources supported by front end BI and analytic infrastructure. Leverage expertise in In-sourcing/Outsourcing strategies to rightsize business models at the difference service departments to drive efficiencies as well as accelerate execution of analytic projects
Volunteers of America Chesapeake
Chief Financial Officer and CIO
●1/2/2009
- 30/6/2012
Chief leadership and management of corporate & project finance operations for the 26 programs spread over 3 States. Develop and manage long-term strategic business plans as well as budgets, forecasts, expected cash flows and financial reporting methodologies. Guarantee continual adequate cash resources by coordinating lines of credit from banks. Deliver reports to lenders monitoring financial and operational performance. Leverage on Analytics and Corporate Performance management including Activity based costing to impact levers driving EBITDA. Ensure compliance with FAR regulations for our Federal contracts. Revenue Generation, Expense Management and Financing: Championed the turnaround of the organization by collecting $6 Mil. in outstanding AR, cutting over $1 Mil. in Operating costs leading to a turnaround from $1.6 Mil. negative net margin in previous 2 years to a break even in FY2012. Launched group purchasing organization driven purchases across 26 programs to cut supplies cost by $400k & re-established our Line of Credit for $1.5 Mil. Secured financing for a $11 Mil. residential re-entry center project generating $1.6 Mil. Net benefit over 7 years. Leveraged Nearsourcing and Revenue Cycle Management to drive down Days of AR to the chartering requirement of less than 50 days. Process Reengineering: Implemented financial controls, reinforced rewritten financial policies and procedures, investment management, governance, risk management and compliance policies to eliminate audit findings. Successfully migrated e-mail and Document Management to a Platform-as-a-Service IT infrastructure and established automated service desks leveraging Salesforce.com to propel customer service. Devised and launched service-lines based financial reporting and designed board-friendly dashboards to educate the Board of Directors and stakeholders on fiscal management.
Meddela Systems (Acquired by Top 3 Networking company)
Chief Operating Officer
●1/1/2008
- 31/1/2009
Chief Operating Officer Provided complete operational leadership for licensing and consultant business. Managed relationships with 5 subcontractors/consultants to enhance operational capability and client services. Delivered business and marketing plans to context-aware applications. Devised communications strategies to market capabilities and benefits to customers and business channels. Successfully managed the sale of the core IP assets related to context-aware mobile technology. Specific Accomplishments: Managed implementation of proof-of-concepts by forging relationships with 3 hospitals. Enhanced market reach by developing “Healthcare in Context” industry forum attracting 12 hospitals as well as Cisco Systems, Motion Computing and Appear Networks. Formed partnership with Cisco Systems to develop context-aware demo, leading to showcase of Appear Context-aware solution at prestigious HIMSS 2008 Conference. Produced revenue by acquiring technology licensing agreement from Cisco Systems.
NearMed, (acquired by Philips Healthcare)
Co-founder & CFO
●1/10/2005
- 30/11/2007
An end-to-end telemedicine provider that delivers a technology platform for healthcare providers to utilize telemedicine capabilities and fill provision needs in radiology and would management. Chief Financial Officer / Co-founder Collaborated with Chief Operating Officer on development of long-term strategic business plan. Analyzed and identified market requirements and crafted supporting financial model. Developed enduring technology partnerships to optimize market reach and capabilities. Crafted marketing/press kit targeting radiology and health informatics trade publications. Specific Accomplishments: Launched business by raising $1M in angel funding with backstop $1M line of credit. Acquired $1.5M teleradiology services contract by collaborating with Chief Operating Officer on effective business development strategies. Fueled revenues by co-developing partnerships with Philips Medical Systems and Johns Hopkins affiliate radiology group. Assisted with transition of customer contracts and exit strategy
Education
Indiana University - Kelley School of Business
1/7/2000
- 31/5/2002
Vishwakarma Institute Of Technology
1/1/1989
- 31/1/1993
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