Financial Controller

Position Title: Financial Controller

Company: DRPL – Dholakia Retail Pvt. Ltd. (Subsidiary of DLGD – Dholakia Lab Grown Diamonds Pvt. Ltd.)

Location: Surat / Mumbai (or as applicable)

Reporting To: Chief Financial Officer

Team Size: 3–4 members

About the Company

DRPL – Dholakia Retail Pvt. Ltd. is the retail arm of DLGD, entering the Indian retail market with a combination of company owned and franchise operated lab grown diamond jewellery stores. The business is focused on scalable, profitable, and compliant retail expansion across India.

Role Overview

The Retail Head – Finance / Financial Controller will be responsible for end-to-end financial management of the retail business, including owned stores and franchise operations. This role will play a critical part in setting up retail finance systems, controls, reporting, and governance, while partnering closely with business, operations, and franchise teams.

Key Responsibilities

Retail Financial Planning & Control

• Own P&L management for company-owned retail stores and franchise operations
• Prepare and monitor store-wise budgets, forecasts, and variance analysis
• Track and improve key retail KPIs: gross margin, store EBITDA, inventory turns, ROCE, and working capital

Franchise Finance Management

• Design and manage franchise financial models, royalty structures, and revenue recognition
• Monitor franchise performance, receivables, security deposits, and compliance
• Support franchise onboarding from a finance and commercial perspective

Accounting, Compliance & Controls

• Ensure accurate and timely accounting for retail operations (Ind AS compliant)
• Oversee GST, income tax, TDS, and statutory compliances related to retail and franchise business
• Set up strong internal controls, SOPs, and audit frameworks for multi-store operations
• Conduct the Audit / Internal audit in timely manner

Inventory & Cash Management

• Establish controls for high-value diamond and jewelry inventory
• Monitor stock reconciliation, shrinkage, and valuation across stores
• Manage cash flows, store cash handling processes, and POS reconciliations

Systems & Process Setup

• Lead implementation and integration of ERP/POS systems for retail and franchise business
• Define reporting dashboards for management and board review
• Drive automation and process efficiency as the retail network scales

Team Leadership & Stakeholder Management

• Build, mentor, and manage a retail finance team of 3–4 members
• Work closely with retail operations, merchandising, supply chain, and legal teams
• Act as the finance business partner to the retail leadership team

Qualifications & Experience

• Chartered Accountant (CA) mandatory
• 10–15 years of experience, with significant exposure to retail finance
• Prior experience in jewellery, luxury retail, fashion, FMCG retail, or QSR preferred
• Hands-on experience with multi-store operations and/or franchise models
• Strong understanding of GST and inventory-intensive businesses

Key Skills & Competencies

• Strong commercial and analytical mindset
• Experience building systems and processes from ground up
• Ability to operate in a fast-scaling, entrepreneurial environment
• High integrity and strong control orientation
• Excellent communication and stakeholder management skills

Why Join Us

• Opportunity to build the retail finance function from scratch
• Be part of a fast-growing lab-grown diamond and jewelry brand
• High visibility role with direct interaction with Group CFO and leadership team