Shri S Sivamathan,
Shri S Sivamathan, Director (Finance), BMRCL is responsible for all Finance and Accounts functions of the company including Funds management, Co-ordination with Government of Karnataka, Government of India, Overseas Development Funding Agencies for ODA loan funding, Domestic Financial Institutions, etc.
He is also responsible for financial planning, follow up with funding agencies, compliance, MIS etc.
He is a B.COM Graduate, MBA (Finance) and Associate Member of the Institute of Cost and Management Accountants of India (ACMA). He has long and rich experience of more than 32 years in the areas of Finance and Accounts, HR, Administration etc., working in PSU’s of reputed and prestigious organisations.
Before joining BMRCL, he worked with Delhi Metro Rail Corporation Limited (DMRC), Maharashtra Metro Rail Corporation Limited (Maha-Metro) and National Fertilizers Limited (CPSU). During his career with DMRC, he was associated with arranging funds form JICA for their Phase-II & Phase-III projects. He visited Japan as a member GOI delegation for negotiation of terms and conditions of loan fund for Phase-II project. He was also associated with 3rd and 4th Fare Fixations Committees and the fare recommended by the 4th FFC have become bench mark fare structure for all other metro rail companies in India. He handled Financial Viability and Fare Structure Chapter of Detailed Project reports of DMRC. He has also handled PIB matters of DMRC projects and Revised Completion Cost approval by GNCTD and GOI. As part of training the trainer programme of Institute of Urban Transport (IUT), he delivered lecture on Sustainable Urban Transport programme sponsored by World Bank all over India from finance perspective covering the areas of Capex, Opex, Fare Fixation, Value Capture Financing, PPP, etc. During his distinguished career in Maha-Metro as Director Finance, he introduced SAP system for Finance and HR and all the workings of Maha-metro in these areas have been made go live in Feb-2017. Within short time of 2 months from the date of live, all the financial transaction for the year 2016-17 were successfully shifted to SAP system from the Tally system which was helped to organisation to know the total value of awarded contract cost, work done, payment made and balance payment due just by clicking mouse. He was also involved in arranging funds from AFD France, KfW Germany and EIB Luxemburg for their Nagpur and Pune Metro Rail projects. Apart from Finance & Accounts areas, he was also responsible for HR, Administration, PR, Legal and Company Secretariat of Maha-Metro.