Sidharth Dixit

Sidharth Dixit

12 Years Overall Experience
Seasoned professional with 10 years' experience at the Income Tax Department, specializing in financial statement analysis, tax-return assessments, and fraud investigations. Recognized for consistently surpassing targets, innovative tax assessments and fraud detection in large corporate cases. Demonstrated experience of 2 years in leveraging data analytics and predictive modelling to derive actionable business insights. Adept at handling challenging and sensitive assignments with precision. Skilled at working in cross-functional environment with track record of using strong analytical, organizational, and communication skills.

Functional Areas

         

Education

Thapar University
Bachelor of Engineering (B.E.)

2007 – 2011

Indian Institute of Management, Indore
Master of Business Administration

2024-2025

Certification

Financial Modelling and Valuation Analyst
Certified Financial Modelling and Valuation Analyst by the Corporate Finance Institute

2024

Investment Banking and Research Professional
Certified Investment Banking and Research Professional by the Corporate Finance Institute

2024

Certified Scrum Product Owner
Certified Scrum Product Owner by Scrum Alliance

2024

Experience

EXL Service

2 Years 1 Month

Business Analyst

Jun'11 - Jun'13

  • Data Interpretation and data driven decision making using SAS: Demonstrated proficiency in interpreting and analysing large datasets to identify trends and patterns, providing clear and impactful business recommendations.
  • Optimized Marketing Strategies: Utilized advanced statistical analysis and linear regression techniques to predict subscription likelihood of existing customers of a leading magazine, optimizing marketing costs for a leading magazine.
  • Insurance Pricing Analysis: Delivered actionable insights for insurance pricing to a US based P&C insurer by performing comprehensive data analysis and developing linear regression models, including loss ratio, frequency, severity, and renewal probability models.
Income Tax Department, Govt. of India

10 Years

Inspector of Income Tax

Apr'14 - Mar'24

  • Tax Monitoring: Seasoned professional with 10 years of experience in tax monitoring, financial analysis, fraud investigation, compliance management, and law enforcement.
  • Financial Analysis and tax assessment: Assessed tax returns against financials and books of accounts for over 300 corporates annually, achieving a tax evasion recovery rate of 15%, surpassing the 10% benchmark.
  • Tax Recovery: Monitored annual tax collection of over Rs.1500 crore for 3 years, consistently exceeding targets by more than 8% each year.
  • Award-Winning Performance: Recognized among the top 2% of around 100 employees for exceptional performance in financial investigation tax assessment, and recovery.
  • Widening of Tax Base: Increased the tax base by adding over 100 taxpayers annually through analysis of transactional data of non-filers of tax returns.
  • Fraud Investigation: Successfully initiated and led the comprehensive investigation of 2 multi-layered and multi-entity financial fraud cases, demonstrating exceptional diligence, analytical skills, and collaboration across various stakeholders to uncover unaccounted income of Rs.300 crore.
  • Leveraged extensive expertise and strategic collaboration with global as well as domestic investigating agencies to meticulously investigate a multi-country banking fraud case, successfully tracing and uncovering Rs.7000 crore through misuse of Standby Letters of Credit (SBLCs).
  • Optimized Corporate Cash Flow: Conducted detailed financial projections and estimated applicable tax rates to issue lower withholding tax certificates for 200+ companies annually, ensuring seamless cash flow for corporates and compliance with tax regulations.
  • Financial Modelling: Developed an automated financial model to project financials and estimate tax according to case details and applicable legal provisions.
  • TDS Compliance and monitoring: Monitored TDS collections of around Rs.35000 crore annually for two years for various companies to ensure deductions were aligned with transactional data, the prevalent market trends, and applicable laws, effectively enhancing compliance and minimizing discrepancies.
  • Exceeded the TDS collection target of Rs.35,000 crore for 2 consecutive years through proactive assessment of market trends and corporate actions.
  • Landmark Legal Victory: Delivered high quality tax assessment in a case, resulting in a strategic High Court case law in favour of the organization.
  • Stakeholder Management: Liaisoned with the senior stakeholders in the state government to secure necessary approvals for the infrastructure projects of the Income Tax Department in Mumbai region.