Varun Chhabria

Managing Director at Nirva Energy Ltd
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Location
UK
Languages
  • Hindi, Punjabi -

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Experience

    • United Kingdom
    • Oil and Gas
    • 1 - 100 Employee
    • Managing Director
      • Jul 2022 - Present
    • United Kingdom
    • Renewable Energy Semiconductor Manufacturing
    • 1 - 100 Employee
    • Managing Director
      • Mar 2022 - Present
    • France
    • Renewable Energy Semiconductor Manufacturing
    • Group Head of Marine
      • Oct 2018 - Jan 2022

      In charge of setting up and managing a physical trading desk for Marine across the UK and Europe for Marine Gas oil, VLSFO and HSFO. • Head and manage a team of traders and operators. • Accountable for growing the Marine division into a nationwide supplier with tanks spanning West, South, East coast UK and Scotland. • Currently have over 40 road tankers and 2 bunker barges delivering to ships across the UK, Irish Sea and English Channel. • Responsible for cargo procurement, sales strategies, pricing mechanisms to various clients across Europe. • Tendered and currently managing off take agreements and long-term contracts with Ferry and freight shipping companies, Such as Irish Ferries, P&O Ferries, and Stena Ferries. • Responsible for the divisions P&L, budgeting and forecasting including CAPEX and OPEX. • Leading the Bio-fuels into marine project for Greenergy, which includes blending of B20 and B40 grades of MGO and VLSFO. • In charge of blending B20 and B40 grades ensuring stability and other parameters for consistent supply. • Managing and accountable for all risk management strategies within the marine book. Show less

    • United Kingdom
    • Oil and Gas
    • 700 & Above Employee
    • Head of Risk & Marine
      • May 2016 - Jul 2018

      This Role involves facilitating the business to understand and monitor price risk exposure across both physical inventory, exchange rates and anything that is associated with optimizing assets & hedging. Working closely with the sales teams across the business, to ensure that the right tools are provided and used by setting appropriate risk appetite by evaluating the customer’s needs. Responsible for providing risk transparency & mark to market and Var across the business. The Role also involves managing a team of Marine Managers and increasing market share for Certas in the European market. Key ResponsibilitiesPurchasing and managing financial risk on physical inventoryRisk Aggregation Increasing Certas Marine presence in unexplored markets across Europe.Identifying risk exposures across various deals entered into and reporting with metrics. Managing a team of analysts working on new structures to reduce exposures Pricing & Curve ownership,setting profiles & scenario analysisWorking closely with IT to develop the existing system/ infrastructure and gear it more towards financial instruments. Show less

    • Manager Risk and Trading Marine
      • Nov 2014 - May 2016

      Inventory/Cargo Hedging Cargo Sourcing for the UKHandling forex exposureTo create new avenues to develop sales worldwide & expand the marine portfolio Introducing new Pricing structuresDeveloping strategies to mitigate riskCreating new physical positions for the marine department

    • O.W Bunker Manager UK Sourcing & Trading
      • Aug 2014 - Nov 2014

      Heading the Sourcing and Trading division for UK and Ireland. Using previous experiences to build new and maintain existing relationships to increase business. In charge of introducing new products and expanding the company's portfolio. Managing risk and structuring long term and short term contracts based on ICE and Platts. In charge of the division's benchmarks and targets & to create new avenues to feed the continuing growth at OW. Heading the Sourcing and Trading division for UK and Ireland. Using previous experiences to build new and maintain existing relationships to increase business. In charge of introducing new products and expanding the company's portfolio. Managing risk and structuring long term and short term contracts based on ICE and Platts. In charge of the division's benchmarks and targets & to create new avenues to feed the continuing growth at OW.

    • Ireland
    • Oil and Gas
    • 1 - 100 Employee
    • Commercial Sales Negotiator
      • Sep 2012 - Aug 2014

      In charge of supply and sales of DMA Marine Gas oil IS0 8217; 1000ppm Sulphur gas oil; Marine Fuel oils such as Low Sulphur 380, 180 & 120. Negotiate, initiate and agree on terms of distillate annual sale contracts. Currently handle excel based Risk sheets for Products imported and stored in the terminal and sold on Ice. Portfolio of products handled include 1. Ultra Low Sulphur Gas Oil ( ULSG ) 2. 0.1% Gas Oil ( Class D ) 3. Kerosene 4. Furnace Flame 5. Heavy Fuel Oil Dealt with most of the large bunkering companies globally and large distributors of Inland distillate fuels in the UK. Show less

    • Export Sales Manager
      • Sep 2010 - Jun 2012

      Worked as a export sales co-ordinator and was soon promoted to export sales manager. Managed a team dealing with the sale and export of recyclable commodities to the Far East and Middle East markets. Was in charge of managing risk, ocean freight and commodity pricing for a range of metal and non-metal products. Worked as a export sales co-ordinator and was soon promoted to export sales manager. Managed a team dealing with the sale and export of recyclable commodities to the Far East and Middle East markets. Was in charge of managing risk, ocean freight and commodity pricing for a range of metal and non-metal products.

Education

  • Cardiff University / Prifysgol Caerdydd
    Bachelor's Degree, Business/Managerial Economics
    2007 - 2010
  • University of Wales, Cardiff
    Associate's Degree, Business Administration and Management, General
    2006 - 2007
  • St John's College, Cardiff
    High School, Philosophy, Mathematics, Design Technology
    2004 - 2006

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