Experience

Amp Energy India

• Delhi, India

• Executive Director and CFO

  • Sep 2020 - Present



Azure Power

• India
• Renewable Energy Semiconductor Manufacturing
• 500 - 600 Employee

• Head - O & M business

  • Oct 2017 - Jun 2019

  Was responsible for profitability of the division during the above period and exceeded the profit and cost targets. When I took over, the division had over 350 MW of operational projects and the number rose to 1300 + MW when I retired. Built the organizational structure to meet the steep growth in operating assets across the country at various locations, created and improved real time systems for on line monitoring of project's performance and down time, improved project performance and reduced down time of assets through regular analysis, design improvements, stocking of critical spares in regional hubs and skill development of team. key contribution was reduction in O & M cost by 50% through innovative methods, automation of cleaning process, aggressive negotiations etc. The company had one of the best plant performance in the Industry and O & M team substantially contributed towards the same. I took voluntary retirement from Azure in June, 2019.

• Cheif Financial Officer

  • May 2011 - Sep 2017

  As Group CFO of India"s fastest growing solar power company, I was deeply involved in making long term and short term Business strategies for rapid growth of the Business, building financial strategies to support it, raising Equity and Project Finance from international and domestic investors and lenders for growth needs, building strong IT-ERP based integrated business processes, strong systems for regular cost and cash management,reporting on business and project performances against plans and course correction, compliance management, legal and statutory reporting.-Closely worked with CEO and Board on management of Business.-Closely involved in Private equity deals with DEG-Germany/Proparco-France/IFC-World Bank, Piramal and other investors.-Drove listing of Company on NYC with a $135 million IPO in 2016-First international IPO from Solar and Power sector from India. Managed all SEC related listing and compliance requirements and subsequent quarterly reporting, on time and in full.._ Drove project Finance function of the Company and raised over $1 billion of project debt from International and domestic lenders like US Exim, OPIC, IFC, EDC , SBI, IREDA, PFC, PTC, IDBI, IIFCL, Yes Bank, L & T, Tata Capital, Reliance Capital etc.- Part of a team which raised India's first Green Bond of $500 million from international investors. The bond was listed on Singapore exchange. Involved in due diligence, rating, compliance, road show and final listing.-Legal and complaisance.-Involved in all key negotiations for procurement, handled land procurement.-High level net working with Govt. officials in Central and state Govts, MNRE, SECI, NTPC, -Drove projects on change management-ERP, cross functional integrations.



Al-Suwaidi Group

• Al-Khobar, KSA

• Group CFO-Al-Suwaidi Group and Business Head-Flange Manufacturing Business. ( Saudi Arabia)

  • Sep 2007 - Nov 2010

  Al_suwaidi Holding Company Ltd. was one of the fastest growing well diversified Group in KSA with presence in Oil & Gas EPC, heavy equipment, scaffolding, facility management, chemicals, trading, Realty , IT and flange manufacturing. Joined them as Group CFO and was responsible for building SBU and Group level annual business and financial strategy, getting Business budgets done, arrange project and working capital funds for growth needs( arranged over 300 million of funds for the business), manage performance management and reporting systems, risk and compliance management. Key highlight of my achievement there was that I was given additional responsibility for heading their flange manufacturing business as profit center head. The unit was in losses since inception and I turned around the business in six months only-making it profitable. Changed the marketing strategy, made it more aggressive resulting in increased volumes and customer base in and outside KSA and higher unit price realization. Closely worked on the shop floor for reduction of wastage in process and reduction in inventory to achieve results. left them of my own in Sept., 2010 due to some family reasons.



Samtel Group, Delhi-2003-06 and 1990-2001, Fenner India Ltd( J.K.Group) 2001-03, HCL Ltd. 1983-89

• Delhi, NCR and Chennai

• Head of Finance function

  • May 1983 - May 2006

  Worked as Head of Finance function and other support positions in these and some prior companies. key achievements and contributions were _ Samtel Group-Turn around of two of their sick units, project funding for growth, ERP-SAP implementation. Fenner India Ltd. Implementation of SAP ERP and recovery of ERP project implementation cost in 18 moths through cost and inventory reduction. Handled de-merger and sale of one of the divisions to a U.K Company and was involved in the legal process for the same. HCL Group- Involved in and drove the first IPO of HCL Group in 1984-85 including listing on Indian stock exchanges.