Apr 2024 – Jan 2025 · 9 mos

Apr 2022 – Mar 2024 · 1 yr 11 mos

• One of the earliest members of the solar manufacturing strategy team responsible for setting up 6.4 GW of solar module and 2.5 GW of solar cell manufacturing facilities with investment size of USD 450 Mn
• Played a key role in the commissioning of a 4 GW solar module facility in the state of Rajasthan, another 2.4 GW solar module and 2.5 GW solar cell in the final stages of commissioning in the state of Gujarat
• Financial Modelling/Strategy
• Developed state specific detailed financial model for solar manufacturing business with detailed computations of IDC, book and tax depreciation, debt and working capital schedule and corporate tax
• Carried out projections of financial statements and computation of project IRR, equity IRR, DSRA requirement, payback period, DSCR and other debt servicing ratios
• Prepared the end-to-end business plan for setting up 10 GW polysilicon, ingot-wafer, cell and module manufacturing businesses in India with investment size of USD 3.2 Bn
• Formulated bidding strategy for Production Linked Incentive scheme of Government of India and successfully bid in the scheme to secure USD 180 Mn incentive for setting up solar manufacturing facilities
• Fund raising
• Engaged with internal & external stakeholders for securing debt financing for solar manufacturing business
• Collaborated with internal M&A team for carrying out financial due diligence and internal valuation for fund raising towards the solar manufacturing business
• Evaluated a co-investment opportunity with one of the top solar glass manufacturers of India
• State and site selection
• Performed in-depth analysis of several qualitative and quantitative parameters to identify the optimal state within India for setting up solar manufacturing units with total capacity of 10 GW worth $ 3.2 Bn
• Evaluated industrial policies and incentive packages across 8 states, namely Rajasthan, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Madhya Pradesh

Jul 2021 – Mar 2022 · 8 mos

• Technology Evaluation
• Evaluated solar technologies like MonoPERC and TopCon and prepared Cost of Ownership models with detailed inputs and estimations based on industry best practices, quotations and market knowledge
• Market Research
• Spearheaded market research activities of the solar manufacturing division and carried out detailed analysis of the trends in solar supply chain by collaborating with different research organizations, industry experts, material suppliers and consultants for getting latest data and industry insights.
• Module Supply Agreement
• Worked with business CEO’s and executed module supply agreement with ReNew’s internal IPP business for supply for module till FY26
• Annual Operating Plans
• Worked with FP&A team for preparation of AOPs, coordinated with site CEO’s; topline of $ 1 Bn+
• Formulated data-driven solutions to address business problems with focus on optimizing the ramp-up cost for newly commissioned manufacturing facilities
• Regulatory incentive policies
• Worked with consultants to secure probable incentive of ₹100 Cr under GoI MEITY-SPECS policy and state schemes like Gujarat Electronics Policy and Rajasthan Investment Promotion Scheme

Jul 2020 – Jul 2021 · 1 yr

• Regulatory, Bidding, Project Monitoring - Solar Ground Mounted
• Evaluated various tender documents and prepared financial models for solar ground mounted projects
• Formulated the business plan to implement 7.2 MW solar rooftop facility to provide power to operational manufacturing units to facilitate production of green solar panels

Apr 2019 – May 2019 · 1 mo · Mumbai Metropolitan Region

• Financial Modelling
• Calculated Vanilla option prices under Black-Scholes model and Local Volatility framework
• Assessed the impact of price jumps on exotic options using Merton’s Jump-diffusion model
• Performed Monte-Carlo simulations in Python to price options under the Local Volatility framework
• Implemented volatility target mechanism by incorporating volatility sampling period, lag and leverage ratio

Jul 2015 – Sep 2017 · 2 yrs 2 mos · Greater Kolkata Area

• Worked in the Technology consulting practice, mainly in SAP ERP practice of PwC India. In my tenure, worked with various clients and implemented ERP solutions to improve business efficiency and operations
• ERP Implementation
• Pitched ERP solutions to leading domestic & international clients after analyzing current IT landscape
• Improved operational efficiency by implementing in-house Incident Management ERP solutions
• Spearheaded team of 4; collaborated with SAP India to resolve tech issues for international client
• Designed and implemented strategy of 100 hours training program for 500+ end users of the client
• Project Management/GST Migration
• Developed a systematic approach to analyze, evaluate, overcome risks and perform tax structure migration for multiple clients from different industries
• Spearheaded team of 5; successfully migrated ERP systems from old to new tax regime for multiple clients
• Created Standard of Procedure and advised on cost savings for repair and maintenance of ERP servers

May 2013 – Jul 2013 · 2 mos · Bangalore Area, India

• Airbus Innovation Cell
• Worked on novel Fly-by-Wireless technology, potentially reducing costs throughout aircraft’s life cycle
• Achieved 2% reduction in wiring weight of experimental setup of temperature sensors using laser power