|Vishist Seva Medal|
|Wg Cdr||Kukunoor Uday Kumar Reddy 16462 ACCT||Unit : CSD||Award Date 26 Jan 05||Announced 26 Jan 05|
|Details :|| |
Wing Commander Kukunoor Uday Kumar Reddy (16462) Accounts was commissioned on 11 Jun 1981 in the Accounts branch of the IAF. He has been commended by the Chief of Air Staff and Vice Chief of Air Staff. Presently he is Deputy General Manager (Finance & Accounts) at Canteen Stores Department, Mumbai.
As DGM (F & A), Wg Cdr Reddy has displayed extraordinary commitment and skill in functioning of the Branch. He identified the weakness in the system and introduced several new procedures to improve profitability, efficiency and ensured smooth cash flows to the Department. His professional skill and financial management has resulted in highly efficient operating cost of the Department which has reduced from 1.37 to 1.13 on the total turnover and has resulted in increased sales turnover form Rs. 3742 crores in Mar 02 to Rs. 4539.50 crores as on Mar 03. He has carried out an in-depth analysis and review of the freight reimbursement policy to supplies resulting in saving of Rs. 27 crore (approx) to the department in the F Y 2003-04.
As a result of initiatives taken by this officer in the area of Inventory Management, inventory level has come down from 33 to 26 days which has resulted in substantial savings. As a member of the Price Revision and price Negotiation Committees, he has been instrumental in achieving substantial cost savings. With his incisive analysis, he succeeded in laying down the policy of taking highest sales tax in price negotiation which has resulted in reduction of cost of all products by about 6%, leading to substantial savings for the CSD consumers. Due to his sincerity and devotion to duty, the compilation and rendering of the Accounts has been timely and of exceptional quality resulting in very efficient and dynamic functioning of the Finance and Accounts branch.
Wg Cdr Reddy has effectively monitored the recovery of Debit notes, processing of bills and payment procedure which has led to widespread satisfaction amongst all suppliers and Depots.
For his distinguished service of high order, the Hon'ble President is pleased to award 'Vishisht Seva Medal' to Wing Commander Kukunoor Uday Kumar Reddy.
|Reference:||Gazette of India Notification Dated : 26 Jan 2005 Number:|