Profile of V Vijaysai Reddy, MP
| Full Name | : | Venumbaka Vijayasai Reddy |
| Religion | : | Hindu |
| Date of Birth | : | 1st July 1957 |
| Educational Qualification | : | B.Com, FCA |
| Marital Status | : | Married |
| Family Details Spouse | : | Mrs. Sunanda |
| Daughter | : | Ms. Neha |
| Father’s Name | : | Late V Sundararami Reddy |
| Mother’s Name | : | |
| Languages Known | : | English, Telugu, Tamil & Hindi |
Hailed from a renowned family with agricultural background and have immense knowledge on Agriculture and related sector.
Present Occupation : Chartered Accountant in Practice with more than 22 years of experience Senior most Partner in M/s. V S Reddy SP & Associates
with Offices in Chennai, Bangalore, Hyderabad & other Cities of Tamilnadu with 13 full time partners & staff strength of 50 employees.
with Offices in Chennai, Bangalore, Hyderabad & other Cities of Tamilnadu with 13 full time partners & staff strength of 50 employees.
Experience
- Hailed from a renowned family with agricultural background and have immense knowledge on Agriculture and related sector.
- Have undergone various assignments in banking sector having in-depth knowledge on present banking system like core banking & Information systems Audit.
- Handled Corporate audits , Concurrent audits, Information Systems audit, Revenue audits, Review audits, Scam Audit, Inspection audits, Stock audits, Snap Audits, Services tax audit, Treasury audits etc.
- Presently empanelled with C & AG for conducting audit of PSU’s
- Practicing Chartered Accountant specialized in Direct Taxation
- Well versed in Bank Audits ( Annexure I)
- Tax representation before Income Tax Appellate Tribunal ( ITAT), on behalf of various clients
- Experience in Forex Management
- Corporate Audits
- Prolific News Article writer on topics of Direct Taxation.
- Handled IPO’s
- Professional experience in field of Derivatives & Forex consultancy etc
(Annexure II ) - Handled audits of several Public Sector Undertakings ( Annexure III)
Academic Experience
- Forex bourse ( specialized program for training forex dealers)
- Forex Management ( primer on corporate forex management)
- Fixed Income securities ( analysis of fixed –income securities investment and trading)
- Forex option book management ( comprehensive program on pricing, hedging and trading of currency options)
- Interest rate swap book management (comprehensive program on pricing, hedging and trading of currency options)
- Accounting of and disclosures on Derivatives under IAS 39 and FAS 139
- Basel II
- Published Articles contributed in a Leading Telugu Daily on diverse topics like SEZ, Investment in Real Estates, Transfer pricing, Successions, Sweat Equity, Special provisions for computing profits of civil constructions, retail business, Accounting for agricultural income, Fringe benefit tax, taxation of anonymous donations, clubbing of other person’s income, amalgamation of companies – its legal implication & procedure thereof to name a few
Professional Experience
| Business Platform creation | Capital raisings / equity advisories | Project financing |
|---|---|---|
| Global business practices | Strategic global marketing | Derivatives audit |
| Acquisition / Joint ventures | Taxation | Statutory audit |
| Management audit | Turnkey project on setting up derivative business | Treasury risk management policy, measurement, model development, calibration and implementation |
| Framing treasury management policy in writing operation and systems Manuals |
Tax Representation before ITAT | Advisors in Mergers & Amalgamations |
Other Areas handled
- Wholesale and retail banking, travel trade, export and import, teaching and training, human psychology in market perception
- Treasury and forex risk management- presented papers and participated in various international and national conferences
- Did presentations in WWW.fxstreet.com & providing forecasts
- News Articles on Banking & Taxation in a Telugu Daily
Positions held :
- Oriental Bank of Commerce –Director by Order issued by the Deputy Secretary
- Ministry of Finance, Government of India No. 9 /30 /2004 – BO.I Dated 14.12.2006
- Member of Board of Trustees of Tirumala Tirupati Devasthanams, Tirupati 2nd consecutive Term – GO Rt No. 1221 dated 08.2006 )
Bank Audit Experience
| Type of Audits | Name of banks | Period |
| I. Concurrent Audits | Andhra Bank, Sowcarpet, Chennai | 2005-2007 |
| Syndicate Bank, Hyderabad | 2005-2007 | |
| Indian Bank, Parktown Branch, Chennai | 2005-2007 | |
| UCO Bank, Pondicherry | 2006-2007 | |
| II. Treasury Audits | Bank of Ceylon, Chennai | 1998-2001 |
| Bharath Overseas Bank, Head Office | 2002-2003 | |
| III. Scam Audit | Federal Bank Ltd | 1995-1996 |
| IV. Service Tax Audit | Karur Vysya Bank, Puducherry | 2004-2005 |
| V. Cream Audit | Bank of MaharastraNeelankarai Valmikinagar Puducherry Madurai Sivakasi |
2001-2005 |
| Punjab National BankAdyarMylaporeCP Ramaswamy Rd | 2001-2005 | |
| VI.Systems Audit | Union Bank of IndiaMount Road | 2004-2005 |
| VII.Revenue Audit | The Federal Bank Ltd, I. Mount Road II. George Town III. T Nagar IV. Asset Recovery V. Royapettah |
1999-2000 1999-2000 2000-2003 2002-2003 2003-2004 |
| Syndicate Bank I. Trichy II. Tuticorin III. Rajapalayam IV. M. Palada V. Numgambakkam VI. Egmore VII. Trichy VIII. Tuticorin IX. Cuddalore X. Pondicherry XI. Theni XII. Tirunelveli |
2000-2001 2000-2001 2001-2002 2001-2002 2002-2003 2002-2003 2003-2004 2003-2004 2004-2005 2004-2005 1994-1995 1994-1995 |
|
| State Bank of India I. Salimangalam II. Madurai III. Avanam IV. Sekkarkudi |
1993-1994 1993-1994 1993-1994 1996-1997 |
|
| VII.Revenue Audit (cont…d) | Indian Overseas Bank I. Thatchamozhi II. Trichy- Main III. Trichy – Cant |
2002-2003 2002-2003 2002-2003 |
| Allahabad Bank I. T.Nagar II. Mylapore |
1996-1997 1996-1997 |
|
| Bharat Overseas Bank LtdRajapalayam Branch | 1996-1997 | |
| Lakshmi Vilas Bank Ltd I. Virudhunagar II. Sattur III. Kovilpatti |
1996-1998 1997-1998 1998-1999 |
|
| Union Bank of India I. Vellore II. Ranipet |
1998-1999 1998-1999 |
|
| Oriental Bank of Commerce I. Ooty II. Chennai (Overseas Branch) |
2001-2002 2001-2002 |
|
| Punjab National Bank I. Dindugal Branch II. Tiruvanthapuram III. Indore -5 branches IV. Trichy -3 branches V. Patna – 4 Branches |
1997-1998 1997-1998 1998-1999 1999-2000 2000-2001 |
|
| VIII. Inspection Audit | Bharat Overseas Bank LtdTiruvanmiyur Branch | 1993-1994 |
| Benaras State Bank Ltd I. Iruppur II. Udumalpet |
1998-1999 1998-2000 |
|
| IX. Stock Audit | Indian Overseas Bank I. Mount Road Branch II. Nehru park III. C & I Branch |
1993-1994 1993-1994 2003-2004 |
| X. Expenditure Audit | Union Bank of IndiaT Nagar Branch | 1997-1998 |
| Benaras State Bank Ltd Chennai Chennai R O |
1998-1999 1.4.1999 – 31.12.1999 |
|
| XI. Asset Classification Audit | Bank of BarodaAlwarpet | 1993-1994 |
| Syndicate BankRajapalayam BranchCuddalore | 2001-2003 2002-2004 |
Public Sector Undertaking Audits undertaken
- Tamilnadu Minerals Ltd
- Tamilnadu State Marketing corporation Ltd
- Tamilnadu Medical services Corporation Ltd
- TN State Transport Corporation ( Kumbakonam) Ltd
- Metropolitan Transport Corporation ( Chennai Division) Ltd
- State Express Transport Corporation ( Tamilnadu Division ) ltd
- T N Corporation for Development of Women Ltd
- Tamilnadu small Industries Corporation Ltd
- Ircon International Ltd
- National Highways of India
- BSNL
- AP Electricity Board
- Puducherry Agro Service and Industries Corporation Ltd (PASIC) – Pondycherry