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KMK Prasad, MBA, M COM,
Summary
A qualified business management and corporate finance professional with over 5 decades of experience as a Deputy General Manager (DGM) role in the Andhra Pradesh State Financial Corporation (APSFC) in India. The APSFC is a government-owned financial institution that provides various types of loans, financial assistance, and other related services to businesses and entrepreneurs in the state of Andhra Pradesh.
As a DGM, KMK managed and supervised the day-to-day operations of the APSFC branch, ensuring that the organization’s objectives and targets are met. KMK supervised a team of executives, establishing and maintaining relationships with clients, and implementing strategies to improve the overall performance of the organization.
As a DGM, KMK gained extensive experience in the financial services industry, with a deep understanding of the lending and investment landscape in India. They should have excellent leadership and communication skills, be able to manage and motivate a team, and possess a strong sense of business acumen.
As a Deputy General Manager of the Andhra Pradesh State Financial Corporation KMK played a critical role in driving the organization’s growth and success, with a focus on delivering high-quality financial services and support to businesses and entrepreneurs in Andhra Pradesh.
Professional Experience
Head of Operations
Westall Financial Services.
Melbourne, Australia
2022 - Present
Tasks and Achievements:
Developing and implementing operational strategies: The Head of Operations is responsible for developing and implementing strategies to ensure that the business is operating efficiently and effectively.
Managing loan processing and administration: The Head of Operations oversees loan processing and administration to ensure that loan applications are processed efficiently, compliance requirements are met, and settlements are timely.
Managing customer service: The Head of Operations ensures that the customer service team is providing excellent service to customers, responding to queries and issues, and managing customer relationships.
Managing compliance and risk: The Head of Operations is responsible for ensuring that the business is complying with all relevant regulations and standards, managing risks associated with lending, and implementing processes to mitigate those risks.
Managing budgets and financial performance: The Head of Operations is responsible for managing budgets, monitoring spending, and ensuring that the business is operating within budget.
Developing and managing staff: The Head of Operations manages the operational staff, ensuring that they are working productively, efficiently, and effectively, and developing staff through training and professional development programs.
Developing and implementing operational policies and procedures: The Head of Operations develops and implements policies and procedures to ensure that the business is operating efficiently, effectively, and in compliance with applicable laws and regulations.
Collaborating with other business units: The Head of Operations collaborates with other business units, such as sales and marketing, finance, and IT, to ensure that the business is operating cohesively and effectively.
Deputy General Manager,
Andhra Pradesh State Financial Corporation (APSFC)
Hyderabad, India
May 1983 - Oct 2017
Tasks and Achievements:
Joined Andhra Pradesh State Financial Corporation in 1983 as Asst Manager (F), soon after I have finished my PG from University College of Commerce and Business Management, OU, Hyderabad.
Worked in Adilabad, Nizamabad, Branches up to 1991 looking after SME credit appraisal, monitoring and recovery.
Worked in HO Monitoring and Recovery department looking after recovery aspects of Hyderabad and Sangareddy districts, above INR 3.0 million cases. Up to 1993.
Worked in HO Rehabilitation department up to 1996, looking after preparation of rehabilitation packages, putting up to the competent authority for sanction, and taking it to Board for Industrial and Financial Reconstruction (BIFR) for approval attending consortium meetings, BIFR hearings, monitoring the implementation of BIFR packages approved and attending review meetings at BIFR.
Worked as Financial appraisal officer (1996-2004), in Head Office (HO) Projects appraisal team, and presented several sanction proposals to the board covering various Small and Medium Enterprises (SME) units throughout combined AP.
• 2004 -2008 worked in Hyderabad District Branch as Dy. Manager and looked after overall aspects of SME CREDIT.
• Got promoted as Manager (2008) and appointed as Branch Manager for the District Branch of Mancherial.
• Got promoted as Senior Manager (In 2010) and Headed R.C. Puram Branch of Sangareddy District, Andhra Pradesh.
• Got promoted as Assistance General Manager (AGM) heading the Head Officer (HO) Projects Department in 2014.
• Got promoted as Deputy General Manager (DGM) in 2016 and headed Internal Audit, F&A, and Operations and retired in October 2017,
Professional Associations
Indian Institute of Corporate Affairs.
Independent Director
Hyderabad, India
April 2022
Insolvecncy and Bankruptcy Board of India
Certified Insolvency Professional
Hyderabad, India
December 2017
Qualified as Insolvency professional (IP) in December 2017, and serving the Indian community members and industry, Insolvency Practitioner in February 2018 on wards.
Education
Osmania University
MBA
Hyderabad, India
1996
Thesis: Dyadic wavelet and its application in edge detection
Osmania University
M COM
Hyderabad, India
1982
Osmania University
B COM
Khammam, India
1980