Finance and Investment Advisor
Special Economic Zone Authority Duqm
Total years of experience :27 years, 3 Months
Responsible for Finance, Risk Management, Strategic Support and New Investments.
Lading investments through co-investment route- due diligence, investment, monitoring and exit
Successfully established four joint ventures in four years with one successful exit
Strategic support to CEO office. Developing Facilities function with commercial perspective.
Compliance for AIIB loans
Risk management and insurance claims management
Head of Finance and Accounts for conglomerate of 10 construction companies. Responsible for turn around of ailing companies, bringing in systems, processes from risk handling perspective, streamlining procurement processes across the companies
MBA Finance and Engineer with experience of 19 years in managing Finance, Accounts and Commercial affairs of large size corporate. Has been working for Strategic Planning and Implementation for overall Financial Control, Project Finance, Contracts and Risk Management.
Industries worked for: Oil and Gas, Power, Infrastructure, Renewables, Investment Banking, Research and Education
Disciplines covered: Financial Planning and Controlling, Project Structuring, Project Finance - Debt and Equity, Corporate Finance, Commercial Affairs, Contracts Management, Accounts, Audits, Taxation, Compliance, Treasury, Insurance, Foreign Exchange Management
Currently acting as CFO for GSPC LNG Ltd (since June 2009), a GSPC group company, to lead its Finance, Accounts and Commercial functions
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FUNDS RAISING: Exhibited abilities to achieve Financial Closure in innovative ways. Successfully completed Debt Closure, Equity Closure for green field projects. Raised funds from Financial Institutions, Banks, and through Bonds.
Preparation of Business Plan, Financial Model, and Due Diligence with leading Financial Institutions and Banks until disbursement of funds. Successfully completed Debt Restructuring
CONTRACTS - PROJECT AGREEMENTS: Responsible for negotiation and finalization of Concession Agreement, Lease, Water, Power supply agreements. Negotiated and executed Fuel Supply Agreement, Fuel Transportation Agreement, Power Purchase Agreement, and Share Holders’ Agreement. Filing and defending tariff petitions before the regulator
Worked for Public Private Partnership (PPP) projects. Structured innovative commercial structure for rooftop solar project in association with International Finance Corporation. Also worked for several Solar projects for selection of contractors and execution of contracts
LNG SOURCING AND CAPACITY TOLLING: Established presence of the Company in International LNG industry for obtaining supplies from reputed suppliers. Discussion and finalization of Term Sheet followed by long term Sale and Purchase Agreement
Responsible for marketing of gas and terminal capacities. Preparation and finalization of Term Sheet with users. Fixation of Tariff and Tariff structure and other commercial aspects
CONTRACTS (EPC WORKS): Finalisation of large value Project Contracts through International Competitive Bidding route. Running the Bid process, preparation of Bid documents, clarification, evaluation and award of contracts. Negotiation and Finalization considering Commercial, Tax and Legal aspects. Pre-award and post-award execution of large size contracts and other small works and services contracts
ACCOUNTS and FINANCIAL CONTROL: Establishing internal control systems to ensure compliance. Financial health reports for top management, Regulatory and Tax compliance
Day to day accounting, timely preparation of books of accounts. Internal, external, tax and statutory Audits. Preparation of Budgets, Cash Flow management, Treasury functions
INVESTMENT BANKING: Worked for a KPO to support world renowned Private Equity funds / Hedge funds / Investment Banks. Worked directly with the US/EU based investment bankers to support them on live deals including financial modeling, documentation till closure of the deal
INSURANCE and OTHERS: Handled asset and liability insurances for the project. Successfully handled major insurance claims worth more than Rs. 1bn (USD 16m). Foreign currency liabilities management through appropriate strategies including usage of forward, options and derivatives
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- Part of GSPC Group, the Company is set up for development of LNG receiving and regassification terminal at the coast of Gujarat.
Responsible for Financial Accounts, Project Structuring, Funds Raising, Taxation, Insurance, Foreign exchange, Treasury, Project Finance, Audits, Contracts Management
- A leading multinational KPO company, serving large and prominent investment bankers, venture capital funds and hedge funds across the US and European countries
- To undertake complete valuation exercises - building financial models including DCF valuations, comparable company analysis, precedent transaction analysis and merger consequences analysis
- Worked on credit rating models, LBO models and various other investment banking projects
- Extending back office support to various buy side and sell side investment bankers / advisors to support them on all fronts of deal execution including, idea generation, industry analysis, company analysis, pitch book preparation, investment thesis, company valuation through various valuation exercises
- Lead and managed, small and big teams of total 20 analysts to execute the projects to exceed the expectation of the clients
- A leading Financial Rating and Advisory company, part of Standard and Poor, USA.
- Served utility clients and large scale private sector companies for their needs in Power sector
- Prepared complete tariff petition for generation, transmission and distribution companies after building financial model for capturing operational and financial performance for each of the utility assets.
- Worked for a green field power generation project since conceptualization and worked through the construction and post-commissioning phase. Responsible for Project Finance, Corporate Finance, Commerce, Contracting, Treasury and Insurance portfolio
- Raised debt and equity for the green field gas based power generation project. Prepared Financial Model and Information Memorandum for the project and completed Due-Diligence exercise with leading financial institutions (e.g. IDBI, PFC, LIC, ICICI and Banks) and equity investors (e.g. KRIBHCO and GAIL) - the result was financial closure for the project
- Raised funds through maiden bond issue after obtaining credit rating for the project before commencement of construction
- Responsible for day to day accounting, periodic books closure and accounts preparation
- Complying for Internal, External, Statutory audits, Tax management. Budget, MIS and treasury functions and cash flow management
- Completed International Competitive Bidding process to select EPC and O&M contractor for the project
- Negotiated and finalized key commercial agreements including Power Purchase Agreement (PPA), Fuel Supply Agreement, EPC contracts, O&M Agreement and Share Holders’ Agreement
- Negotiated and re-negotiated PPA and O&M contracts to achieve techno-commercial project efficiencies and improve project cash flows
- Initiated and completed several loan restructuring exercises by negotiating loan agreements and through adopting alternate financing options. Carried out bond buy back program to redeem high cost bonds and replace with low cost funding
- Inception of assets and liabilities insurance policies during construction and operations phase
- Entered into various foreign exchange derivatives transactions including forward, options and swaps as per the underlying contract obligations and prevailing currency exchange rate scenario
- Involved in financing of Ghogha Pit Head Lignite Mining project
- Involved in maintenance of 150 T DC Furnace and ancillary equipment
