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: 34 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 34 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
- 1015 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
