Nat Vora
Chief Financial Officer at SOLAR WADI- Claim this Profile
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Bio
Experience
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SOLAR WADI
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Renewable Energy Semiconductor Manufacturing
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1 - 100 Employee
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Chief Financial Officer
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Oct 2021 - Present
First Independent Omani Company that invests in, builds and operates Renewable Energy Power Plants. First Independent Omani Company that invests in, builds and operates Renewable Energy Power Plants.
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Chief Financial Officer
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Jul 2019 - Oct 2021
Report to the CEO and Board of Directors • Within two months of taking over, the economy was hit by the dual issues of Covid-19 Pandemic and a drastic drop in the oil price. Initiated a cost rationalization measures achieving a saving of RO3.5 Million. (April 2019) • Restructured the MIS reporting to provide greater visibility for the Management. • Promoted and improved inter-company collaboration to promote Business and reduce internal costs. • Successfully raised an amount of RO35 Million for the company for refinancing of existing debt and for future investments from an Local Bank. (November 2019) Show less
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Chief Financial Officer
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Nov 2006 - Oct 2018
Report to the CEO • Managed the process of listing the company on NASDAQ and completed within a record time of 6 months (January 2018) • As a start-up raised capital financing for USD 20 Million to enable Mobilization for the first PDO contract (February 2007) • Completing the first MBO for the company to increasing management stake from 40% to 62% (July 2009) • Raised USD 50 Million for refinancing existing facilities and future financing for new projects, allowing the company to escalate its progress towards higher revenues and profitability (June 2010). • Raised USD 70 Million (March 2012) for a second MBO increasing management stake 100% and onboarded National Bank of Oman as 5% stakeholder allowing the company to grow rapidly to a USD200M company. • Raised USD 80 Million (June 2016) to refinance existing facility and raise funds for further expansion. • Successfully divested 26% stake to USD based private equity fund SCF Partners benchmarking a valuation of USD 300 Million for the company (September 2017) Show less
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Oman Methanol Company LLC
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Oman
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Chemical Manufacturing
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1 - 100 Employee
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Director Of Finance And Administration
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Feb 2005 - Nov 2006
Report to the CEO • Worked with KfW Bank to successfully close the financing facility for building Oman’s first Methanol plant for USD525Million. • Worked with lawyers, accountants and European based shareholders to complete all CPs. • Worked with MOCI and local banks to successfully register capital increase in various stages and amend the constitutive contract Accordingly. Report to the CEO • Worked with KfW Bank to successfully close the financing facility for building Oman’s first Methanol plant for USD525Million. • Worked with lawyers, accountants and European based shareholders to complete all CPs. • Worked with MOCI and local banks to successfully register capital increase in various stages and amend the constitutive contract Accordingly.
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Director Of Finance And Administration
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Apr 2001 - Aug 2004
Reported to the President and Regional CEO Reported to the President and Regional CEO
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Walmart
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United States
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Retail
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700 & Above Employee
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Director – Operations Accounting & Reporting
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Mar 1998 - Apr 2001
Reported to the Sr. Director – Operations Accounting & Reporting Reported to the Sr. Director – Operations Accounting & Reporting
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PAR-Med Property Services Inc.
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Canada
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Real Estate
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1 - 100 Employee
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Financial Controller
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Mar 1997 - Mar 1998
Reported to Partner & CEO Reported to Partner & CEO
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General Manager – Accounting & Business Development
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Mar 1991 - Feb 1997
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Manager Accounting Administration
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Sep 1988 - Mar 1991
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Citibank N.A
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Argentina
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Banking
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1 - 100 Employee
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Management Trainee
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Mar 1987 - Sep 1988
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Education
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Chartered Professional Accountants of Canada (CPA Canada)
CPA - Chartered Professional Accountant, Banking, Corporate, Finance, and Securities Law -
American Institute of Certified Public Accountants
CPA - Certified Public Accountant, Banking, Corporate, Finance, and Securities Law -
The Institute of Chartered Accountants of India
Chartered Accountant, Finance, Accounting & Startegy -
The Institute of Chartered Accountants of India
ACA, Accounting and Finance -
The Institute of Chartered Accountants of India
ACA, Accounting and Finance