Shri Vinay Kumar assumes charge as Director (Finance) at RINL

Shri Vinay Kumar assumed charge as Director (Finance) at RINL, today. Shri Vinay Kumar is a Finance professional par excellence with experience of more than two and a half decades in various fields of Finance. He holds a BA (Hons.) in Economics (1995) and is a Chartered Accountant (1999). He joined SAIL’s (Steel Authority of India Limited) Central Marketing Organisation (CMO) in 2001 and has since contributed significantly to various financial and taxation reforms.

During his career, Shri Vinay Kumar played a key role in implementation of VAT, A4-size invoicing and several financial control systems. He has handled diverse assignments including taxation, MIS development, ERP implementation, credit rating monitoring and central accounts ensuring clean audit performance. He also introduced innovative LC discounting strategies and facilitated smooth implementation of GST, e-invoicing and e-way bill systems across CMO.

As Head of the Market Analyst Group at SAIL, Shri Vinay Kumar served as the CMO’s Single Point of Contact for the Annual Business Perspective and the Modernization & Expansion Plan. He also acted as a resource person for taxation and financial matters in the CMO and across various SAIL units.

Shri Kumar has pioneered use of steel intensity with GVA Construction along with Steel Intensity with GDP growth for accurate steel demand forecast in CMO. He has played a key role in forecast of Country’s Steel Consumption as Member of Economics Committee of Indian Steel Association. He was also SAIL’s Single Point of Contact for Joint Plant Committee, Ministry of Steel.

Before joining RINL, he was responsible for indirect taxation for all SAIL plants and units at the Corporate Office, contributing significantly to maximizing SAIL’s top line.