Arpan Ghosh
Senior General Manager
Pune,MH
Summary
Experienced professional in the Renewables sector with a comprehensive understanding of the value chain, from solar wafer manufacturing to mixed wind/solar platforms and Green Hydrogen/Ammonia. Worked closely with promoters and CXOs in roles at Suzlon, ReNew, and Skeiron, gaining valuable insights. Expertise in financial modeling, corporate finance, and legal aspects of deal execution. 7 years of core IB experience in domestic and cross-border transactions, along with 5+ years evaluating buyside deals/projects across multiple sectors. Proven track record in developing go-to-market strategies and facilitating new market entries in EVs, Offshore Wind, and Hybrid wind-solar projects (including RTC and Peak Power).
Overview
15
15
years of professional experience
2
2
years of post-secondary education
Work History
Senior General Manager – Strategy and Investments
Skeiron Group
06.2022 - Current
- Responsible for building up Green Hydrogen and Green Ammonia vertical as part of a 2-member team.
- Built from scratch complex financial models (with 15 min VBA driven simulated calculations) for a multiple hydrogen train integrated Green Ammonia facility connected to IPP.
- Complete ownership of business models and cases for Green Hydrogen and Green Ammonia production, Electrolyser manufacturing, Hybrid IPP (for Green Fuels production).
- Driving financial evaluation of new hydrogen production technologies such as waste gasification etc.
Vice President – Infrastructure Investment Banking
Ambit Capital Private Limited
04.2022 - 06.2022
- Responsible for client coverage across all infrastructure subsectors in India.
- Led a team of 2 analysts and 2 associates in a pension fund’s USD 1 Bn+ (EV) deal involving a mix of transmission and renewables assets being flipped into an Infrastructure Trust Vehicle (InVIT).
Deputy General Manager – Investment Committee Cell
ReNew Power Private Limited
11.2020 - 11.2021
- Responsible for building and presenting final business cases to IC for all bidding and M&A activities.
- Built tariff/valuation scenario analyses, drove asset portfolio actualisation exercises, and wrote market intelligence reports for CXOs.
- Reviewed business proposals and guided business teams on creating IC ready deliverables, undertaking detailed DD and running risk evaluations.
- Led establishment of a digital financial modelling platform to replace Excel and oversaw porting of all legacy models to this platform.
Deputy General Manager (Chairman’s Office and Promoter Family Office)
Suzlon Energy Limited
12.2016 - 10.2020
- Executed Promoter family’s USD 10.75 Mn cross border acquisition of a US semiconductor wafer startup.
- Chief of Staff for President of acquired startup – drove business scenario building, operational and market entry strategy, recruitment support, monthly Board Reviews etc.
- Closed equity investments of c.USD 500K for promoter family in US technology sector pre-IPO opportunities via partner VC firms – led end to end financial modelling, valuation and documentation.
- Sourced investment opportunities by driving VC and Angel funds networking in both US and India.
- Responsible for diversification of Suzlon’s portfolio - built from scratch and owned comprehensive financial models for Suzlon’s foray into Hybrid Generation, Offshore Wind Technology and EVs.
- SPOC for Suzlon’s projects with the World Economic Forum and promoted to be the youngest DGM in the history of Suzlon.
Senior Associate, Transaction Advisory Services (Infrastructure)
Ernst & Young LLP
03.2014 - 11.2016
- Managed complete sell side execution for a European infrastructure player’s divestment of an USD 1.1 Bn transmission asset – investor reach out, financial modelling, deal structuring exercises and Share Purchase Agreement drafting & closure.
- Advised an Indian IPP in its sale process for a thermal power asset with a total project cost of ~USD 1 Bn.
- Built investment model and managed negotiations for an USD 1 Bn capital raise for one of India’s largest greenfield port projects.
- Mandated by one of India’s largest solar power producers for a USD 200 Mn+ equity and mezzanine fund raise exercise.
- Worked with ADB on tranche structuring for its Partial Guarantee bond product for a top-five Indian wind power producer.
Senior Analyst, Strategic Transaction Group
HSBC Ltd.
04.2010 - 03.2014
- Prepared industry analysis and investor presentation for Westports’ USD 624 Mn IPO on the Hang Seng.
- Created IC presentations and operating model for Goodman Group’s USD 463 Mn takeover of HK port assets from DP World, world’s 4th largest container terminal operator.
- Wrote the investment case for Samsonite, winning its US$1.3Bn IPO mandate from amongst 8 banks and prepared comprehensive financial benchmarks to support valuation during IPO execution.
- Wrote the IM & built the operating model for Cinema City (CEE’s largest Cinema Operator) for its EUR 535 Mn sale process.
- Performed industry analysis and prepared operational benchmarks to help BC Partners reach final round of a EUR 400 Mn auction for Zabka, the largest Polish convenience store chain.
Education
MBA -
Indian Institute of Management
07.2008 - 03.2010
Skills
Quantitative financial modeling
Timeline
Senior General Manager – Strategy and Investments
Skeiron Group
06.2022 - Current
Vice President – Infrastructure Investment Banking
Ambit Capital Private Limited
04.2022 - 06.2022
Deputy General Manager – Investment Committee Cell
ReNew Power Private Limited
11.2020 - 11.2021
Deputy General Manager (Chairman’s Office and Promoter Family Office)
Suzlon Energy Limited
12.2016 - 10.2020
Senior Associate, Transaction Advisory Services (Infrastructure)
Ernst & Young LLP
03.2014 - 11.2016
Senior Analyst, Strategic Transaction Group
HSBC Ltd.
04.2010 - 03.2014
MBA -
Indian Institute of Management
07.2008 - 03.2010
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