Director Finance

• Apr 2016 - Present

• Working with the Board and stakeholders for formulating and driving growth strategy, management, controls and governance• Responsible for finalisation of books of accounts, deciding capital structure and augmenting shareholders’ value.• Responsible to formulate the strategy and financial planning and finding right partner for long term growth capital • Strengthening the relationships with banks, financial institutions, ECAs, PEs and other investors • Ensuring tax efficient structure for different SPVs and to meet the funding requirements for different projects to optimise the project and equity IRR. • Financial control and effective treasury management and risk analysis.• Financial closure of 400 MW (DC) of solar projects and to support through innovative financing strategies to optimise the cost. • Ensuring innovative bidding strategies and increase of market share in India Show less

Director

• Apr 2016 - Present

Managing Director ( Structured Finance & Treasury)

• Mar 2015 - Apr 2016

• Maintain the relationships with Banks, FIs, NBFCs, PEs, Credit Rating agencies, International Investors for short and long term capital solutions. • Responsible for Capital formation and managing liquidity through arranging long term non-recourse project finance for on-going 50 different projects with debt size of $ 2Bn and working capital. • Responsible for innovative financing strategy to optimise the cost of capital through ECB, Buyers Credit, LC etc. Reduced the cost of financing by 2% in last four months. • Structuring through LLP, FPI, OPCO, Holdco and other business models to reduce the project cost to have competitive advantage. • Improvising Structured Finance including mezzanine financing, construction revolver, warehouse facility, exploring private Yield co (equity vehicle).• Exploring and rising of funds through onshore and offshore INR bonds with innovative structure to attract different class of investors through private placements with credit enhancements. • Responsible for fund based and non-fund based working capital facilities with different LC backed non-recourse structure. Raised $ 500 Mn in 3 months. • Responsible for 6 quarter forecasting on cash planning/ cash allocation along with 13 weeks rolling forecast. • Supporting structuring of cash flows for cross border transactions. • Responsible for foreign exchange and risk management with different hedging strategy to mitigate currency risks at different stages of project lifecycle. • Responsible for daily operations in terms of cash management, trade finance, foreign remittance, RBI compliance, SOX audit compliance etc. Show less

Managing Director

• 2015 - 2016

Regional Treasurer - Asia Pacific

• Dec 2006 - Feb 2015

Foreign Exchange & Risk Management, Project & Export Financing, Cash Management, Trade Service & Import/Export Documentation, Complaince.  Managing very strong banking relationships and network with more than 30 local and international banks for 20 Legal Entities.  Made four successive block trades towards takeover worth $1.5 Billion.  First rupee denominate d ECB in the country has been arranged  Through debt structuring, cost of funds (working capital) have been reduced by 3% in past two years.  Raising ~$250 Million of 12 years door to door long term loan for green field projects on non recourse basis at cheapest cost within shortest possible time including syndication of loan. The same has got the “deal of the year” award in 2011. For the same, non-fund based lines of ~$ 500 Million were raised at 25 bps. Organised Forex Lines to cover the Forward covers of $ 1 Billion for Green Field project. Arranged and completed documentation and drawdown of $ 75 Million short term loan in 7 days.  With prudent and judicial investment process, loss making Provident Fund Trust has been turned into surplus.  First CNH Hedging has been done for the country through Standard Chartered Bank. Set up Front Office with web based platform and centralised Forex Deals for APAC region. Forex Lines have enhanced by 400% in three years.  Have organised 11 years bonding lines of $ 400 Million at 25 bps.  Trapped Cash has been reduced significantly and Cash optimisation has led to external borrowing at ZERO level.  Received lot of rewards. Represented ALSTOM India and made necessary presentation on Treasury Operation in Global Treasury Conference in Switzerland, China. France, Spain, Singapore.  Internal Trainer of ALSTOM for Foreign Exchange & Risk Management. Show less

Regional treasurer

• 2012 - 2014

Dy Manager (Finance & Accounts)

• Oct 1998 - Dec 2006

Portfolio Management, Risk Management, e-Banking, Management of Retirement Benefit Funds.  Managing Surplus Funds of ~ 2 BN Euro of the Company.  Gained exposure as an independent Fund Manager in maintenance of investment portfolio of retirement benefit trusts to ensure the compliance and optimum mix between risk and return through D-Mat, CSGL Account worth ~ 150 MEur to ensure healthy return, even in uncertain complex Debt Market scenario. Trusts achieved record surplus during this tenor. Loss making trusts have been converted into a profit making trusts within a span of three years.  Raised Bonds in two series of ~70 MEuro each with lowest possible costs through Private Placement.  A significant contributor in the development of: o “Centralised Payroll System”, “Centralised PF and Pension Accounting Package”. o Module process flow of electronic investment in the secondary market for different trusts and investment of Surplus Funds of the company.  Acted as a main coordinator in concept designing and implementation of e banking and made GAIL as the only Company with 100% E-banking in 2001. Show less

Management Trainee

• Aug 1997 - Sep 1998

Internal Audit, Finalisation of Accounts Internal Audit, Finalisation of Accounts

Accounts Officer

• Dec 1995 - Aug 1997

Finalisation of Accounts, Audit Finalisation of Accounts, Audit