Costing you can’t trust
No real cost sheet — material, labour and overhead absorption guessed at. A vCFO builds true product and job costing that exposes loss-making SKUs.
Costing, cash and credit — under control.
Virtual CFO for Manufacturing Companies
Senior CA / ex-banker–led fractional CFO support for Indian manufacturers — product costing, working-capital limits, CMA data, inventory control, GST and capex finance, at a fraction of a full-time CFO’s cost. A vCFO who reads your numbers the way your bank’s credit committee will — and fixes them first. ₹4,250 Cr+ mobilised across 100+ mandates since 2011.
CA / ex-banker led Costing & working capital Lender-ready
A track record since 2011, in numbers
₹4,250 Cr+
Group capital facilitated since 2011₹550 Cr
Largest single facility structured100+
Deals advised end to end20–40 hrs
Structured bandwidth per monthSince 2011
CA / ex-banker, senior on every fileA Virtual CFO for a manufacturer is a senior finance leader embedded part-time with operating accountability — built for ₹25–500 Cr promoter-led manufacturers that need real product costing, a tight working-capital cycle and lender-ready numbers, but don’t yet justify a full-time ₹50 L–1.5 Cr CFO hire. Unlike an external advisor, the vCFO owns the numbers month on month.
Where manufacturers lose money
The finance gaps that quietly erode a factory’s margins
For a manufacturer, the leaks are rarely in the P&L headline — they hide in costing, inventory and the working-capital cycle. These are the gaps a virtual CFO closes.
Cash trapped in working capital
Receivables, inventory and creditor terms out of balance — cash locked on the shop floor. We tighten the cycle and free it up.
Bank limits that don’t keep up
Drawing power and CMA data filed late or wrong, limits stuck below need. Our ex-bankers prepare the file and negotiate the enhancement.
GST & e-invoicing complexity
Multi-state GST, e-invoicing, e-way bills and ITC reconciliation eating time and risking notices — handled on a managed calendar.
Capex decided on gut feel
Plant expansion and machinery bought without proper appraisal or the right term-loan structure. We model the return and structure the debt.
MIS that arrives too late
Numbers a month behind, no plant- or SKU-level view. A clean monthly MIS with the metrics that actually run a factory.
Three ways to engage
Three engagement models — fitted to your stage
From full-stack monthly bandwidth to a capex-linked sprint. Fees are indicative and scoped case-by-case on turnover, plant footprint and cadence.
Model Scope Duration Fees range Best for
RetainerMost popular ScopeFull-stack CFO bandwidth — costing, working capital, MIS, lender mgmt. Duration12+ months Fees range₹75k–2.5 L / month Best for₹25–500 Cr revenue manufacturers
Project-Based ScopeDefined deliverable — costing system, ERP rollout, CMA & limit enhancement Duration2–4 months Fees range₹2 L–10 L / project Best forOne-time finance-function fix
Fundraise-Linked ScopeCapex term loan, project finance, pitch pack, DD support Duration3–6 months Fees rangeRetainer + success fee Best forPlant expansion or capex raise
Indicative — scoped case-by-case based on turnover, plant footprint and cadence. Every model is led by a senior CA or ex-banker, with a support resource executing under partner oversight. For the full breakdown, see our full Virtual CFO service, or how virtual CFO pricing works.
What we own month on month
The manufacturing finance function, owned — not advised on
From the cost sheet to the CMA statement, we run the finance function end to end so the numbers are clean, current and lender-ready every month.
01
Product & job costing
True cost sheets — material, labour and overhead absorption — with SKU-, job- and customer-level profitability that exposes where you actually make money.
02
Working capital & inventory
Receivables, payables and inventory cycles tightened, a 13-week cash forecast, and the working-capital discipline that frees cash off the shop floor.
03
Lender & CMA management
CMA data, drawing-power and limit reviews, stock and book-debt statements (QIS/FFR), covenant compliance and limit enhancements — prepared by people who have sat on the lender’s side. See how banks read a CMA report.
04
Capex & project finance
Capex appraisal, term-loan structuring and project finance for plant expansion — modelled for return and structured for repayment capacity. We syndicate it via corporate finance.
05
GST & compliance calendar
Multi-state GST, e-invoicing, e-way bills, ITC reconciliation, TDS and ROC — tracked on a managed calendar. We work on your stack — Tally, SAP, or our group’s GST-ready TatvaBooks.
06
MIS & board reporting
A monthly MIS pack with plant- and SKU-level profitability, KPI dashboards and a board-ready narrative — clean commentary, not raw Tally dumps.
Why a vCFO earns its keep
The corporate-finance edge a generic vCFO can’t give a factory
Most virtual CFOs can run a P&L. Few can read a CMA statement the way a credit committee does, or structure a capex term loan. That difference is where a manufacturer’s money is.
Lender relationships, carried in
Active PSU, private and NBFC connects come with the mandate — so a limit enhancement, capex line or refinance starts warm, not cold.
Real costing, not guesswork
Cost sheets that hold up — so pricing, discounts and customer decisions are made on margin you can actually see.
Senior CA / ex-banker lead
No junior pass-through — partner-led, by people who read the numbers the way your bank and board will.
20–40 hours a month
Structured bandwidth across on-site plant visits, calls and reviews — senior attention, sized to your footprint.
Exit flexible
Month-to-month with 30-day notice after the minimum term — scale up for a capex raise, step back after.
Confidentiality first
NDA at kick-off; books, cost data and board papers stay ring-fenced to the named engagement team — nothing leaves the room.
Process
How an engagement runs — from scoping to monthly cadence
A clear path from first scoping call to a steady monthly cadence, with the named partner on the file at every stage.
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Scoping call
1 dayPlant footprint, pain points and target outcomes — we map where costing, working capital and lender limits stand today.
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Diligence
3–5 daysBooks, costing, inventory and lender file review, with a baseline maturity assessment of the finance function.
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Engagement design
2 daysScope, cadence, deliverables, fees and the lead partner confirmed — locked into a signed engagement letter.
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Kickoff & SOPs
week 1NDA, costing templates, SOPs and first-month deliverables scoped out — the engine starts turning.
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Monthly cadence
ongoingMonthly MIS, costing reviews and lender management — the vCFO owns the numbers month on month.
Who we work with & what we need to start
Built for promoter-led manufacturers that have outgrown the books
We work across manufacturing sub-sectors with ₹25–500 Cr revenue companies — and we know exactly what we need to get costing, cash and credit under control.
Sub-sectors we work with
CA / ex-banker–led, Mumbai & Pune-based, serving manufacturers across Maharashtra’s MIDC belts, Gujarat, the south and pan-India.
What we need to start — onboarding checklist
- Audited financials — last 3 years
- Current trial balance & existing cost sheets
- Latest CMA data & sanction letters
- Bank statements — last 12 months
- ERP / accounting software access & inventory data
- KYC of company, promoters and directors
Indicative — varies by plant footprint and scope. A mutual NDA is executed before diligence begins.
Why Finnova
Why manufacturers choose Finnova as their Virtual CFO
Four reasons promoters hand us the numbers — and keep us on file through capex and beyond.
01
Banker’s eye on your file
We prepare CMA data and lender presentations the way a credit committee reads them — so limits, capex lines and rates land in your favour.
02
Costing that drives decisions
Real product and customer costing — so pricing and discounts are based on margin you can see, not factory-floor intuition.
03
Working capital, freed
A tighter receivables-inventory-payables cycle often pays for the engagement in cash released alone.
04
Track record
₹4,250 Cr+ mobilised, ₹550 Cr largest single facility and 100+ deals since 2011 — a finance partner with real lender reach.
Consultation
Tell us where the finance function stands
One conversation tells you the right engagement model, the cadence that fits your plant footprint and how fast we can stand up real costing and a lender-ready file. No pitch — just a straight read from senior people who own numbers for a living.
Thank you — your enquiry has been submitted
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FAQ
Virtual CFO for manufacturers, answered
For a manufacturer, a virtual CFO owns product and job costing, working-capital and inventory management, the CMA data and drawing-power reviews banks require, capex evaluation and term-loan structuring, GST and e-invoicing compliance, and a monthly MIS with plant-level and SKU-level profitability — the finance leadership a growing manufacturer needs without a full-time CFO.
This is where our ex-banker background matters most. We prepare lender-ready CMA data, stock and book-debt statements (QIS/FFR), monitor drawing power, manage covenant compliance, and negotiate working-capital limit enhancements and rate reductions — reading your numbers the way a credit committee will, before the bank does.
Yes. A virtual CFO builds proper cost sheets — material, labour and overhead absorption — exposes loss-making SKUs and customers, analyses contribution margin, and tightens the working-capital cycle that ties up cash in inventory and receivables. Most manufacturers find the engagement pays for itself in working-capital savings alone.
Manufacturing retainers typically run ₹75,000 to ₹2.5 lakh per month depending on turnover, number of units and complexity, against ₹50 lakh to ₹1.5 crore a year for a full-time CFO. Fees are scoped to your plant footprint and cadence.
Every mandate is led by a senior CA or ex-banker — you deal with the named partner directly, not a rotating bench of junior staff. A second support resource handles execution under partner oversight.
Further reading
The virtual CFO question, explained in our Resources
How a vCFO runs costing, working capital and lender management for manufacturers. For the complete service, see our full Virtual CFO service.