Accomplished finance leader with a proven track record at various PSUs, driving strategic financial management and securing over Rs. 3,000+ crore in loans. Expert in project financing and risk management, I excel in team leadership and delivering impactful business models that enhance profitability and operational efficiency.
Overview
38
38
years of professional experience
Work History
Director (Finance)
Brahmaputra Cracker and Polymer Limited
Dibrugarh
07.2013 - 06.2018
Company Overview: A central PSU (turnover ~4,000 Cr) under the Ministry of Petroleum and Natural Gas.
Head of Finance & Marketing Department.
Costing and Budgetary Control.
Liaising with the Ministry for activities like MoU, IEBR, Vote on Accounts, Outcome Budgets, project approvals, etc.
Debt arrangement and its servicing.
Finalization of Annual Accounts.
Taxation and compliance.
Audits.
Product Pricing.
Systems and Controls.
Led the teams created for developing a revised business model for a project worth Rs. 9,965 crore, which got the approval of the government.
Obtaining sanction of a Rupee Term Loan of around Rs. 3,000 crore for the project.
Completing the exercise successfully for rephrasing, interest reduction, and change of CoD.
Obtaining the sanction of a Working Capital Loan of Rs. 350 crore.
Ensuring effective fund management and the arrangement of additional funds during the crucial periods of start-up, stabilization, and augmentation of production.
Arranging short-term unsecured loans for the company.
Key role in the execution of loan agreements with the Bank, OIL, and OIDB for the Rupee term loan.
Effectively managed the preparation of FIM, syndication of loans, agreement documentations, etc. and got the same approved by the relevant authorities for the sanction of term loans and working capital loans.
Deftly supervised the investment of surplus funds and invested around Rs. 1,500 crores acquired from various sources by adhering to the DPE guidelines.
I worked out the revised cost estimate for the project, along with the financial appraisal.
I have presented to various levels of authorities in the Government of India, including Secretaries and Ministers.
The Annual Accounts were finalized on time for consecutive years and presented to the Board without any adverse comments from the CAG.
Director (Finance)
Burn Standard Co. Ltd
03.2010 - 06.2013
Company Overview: A central PSU under the Ministry of Railways.
Transfer of the company from the Department of Heavy Industries to the Ministry of Railways.
Remarkable 25% increase in turnover in my tenure.
Ad hoc and package sanction for the company from the Ministry of Railways.
Managing Director
Assam Petrochemicals Ltd
08.2004 - 03.2010
Company Overview: A Government of Assam Enterprise.
Overall, the head of the company.
Outstanding performance in production and profitability (2004-2010).
First State PSU's MoU was signed by me with the State Government.
Implementation of cost-cutting measures, prepayment of costlier loans.
Production decisions.
Marketing decisions.
Capacity Expansion of the Formaldehyde Plant.
Coordination with the government. of Assam.
The pendency of five years' accounts was cleared after joining, and thereafter, they were made regular.
Short-term and long-term capital plans.
Best PSU Award by the Government of Assam.
Significant improvement in production.
Computerization of systems and processes.
Turnaround of a loss-making unit to a profit-making unit.
Approval of expansion plans.
Director (Finance)
Assam Petrochemicals Ltd
06.2000 - 07.2004
Company Overview: A Government of Assam Enterprise
A Government of Assam Enterprise
General Manager (Finance)
Assam Petrochemicals Ltd
03.1998 - 05.2000
Company Overview: A Government of Assam Enterprise
A Government of Assam Enterprise
Various Positions
NEPA LTD
01.1986 - 01.1998
Company Overview: An undertaking of the government. of India
Significant work experiences in finance and accounts.
Experiences include the PIB clearance process for expansion, attending various meetings in the Central Government, enhancement of fund and non-fund-based bank limits when the company was under turnaround processes and critical circumstances, accounts finalization, budgeting, costing, and auditing.
Various Positions
Om Structural (P) Ltd.
Kota
01.1984 - 01.1986
Various Positions
Precision Electronics (P) Ltd.
Faridabad
01.1981 - 01.1984
Education
Chartered Accountancy -
01.1985
Skills
Business decisions
Financial analytics
Collating and interpreting financial data for determining financial performance
Conducting due diligence and preparation of project reports
Budgets and management accounting
Financial management
Systems, costings, and controls
Project financing and project evaluation techniques
Petrochemical business and marketing
Capital structure and financial performance
Cost and budgetary control in various processes of a plant
Senior Manager -Production and Operation at Brahmaputra Cracker and Polymer Limited (A Govt of India Enterprises)Senior Manager -Production and Operation at Brahmaputra Cracker and Polymer Limited (A Govt of India Enterprises)
Associate General Manager – Procurement at AMPIN Energy Transition Pvt. Ltd.Associate General Manager – Procurement at AMPIN Energy Transition Pvt. Ltd.