Deval Behede
Thane
Summary
Accomplished finance professional with a proven track record at Nayara Energy Limited and Topworth Group, specializing in project financing and debt syndication. Demonstrated expertise in financial modeling and working capital management, alongside exceptional negotiation skills. Successfully raised and managed significant funds, showcasing a strategic approach to achieving financial objectives and fostering stakeholder relationships.
Overview
19
19
years of professional experience
1
1
Certification
Work History
Deputy General Manager - Treasury
Nayara Energy Limited
Mumbai
07.2018 - Current
- Company Overview: Nayara Energy Limited, an integrated oil refining and marketing company, with over 4000 employees, revenue exceeding ~ USD 16.00 billion
- Steering all aspects of a treasury function coupled along with managing change, implementing and developing major funding programmes
- Raising short-term & long-term loans for in-house projects
- Liaising with Lenders, Legal Councils and other stakeholders for timely compliance of sanctioned terms
- Ensuring bank compliances in synch with internal controls, policies and procedures; developing and monitoring policies and processes for Treasury Operations
- Internal stakeholder management, interaction with senior management and coordination with secretarial, accounting & legal teams
- Administrating working capital management to ensure smooth functioning of the organization and channelizing the available resources efficiently
- Meeting lenders at all levels to ensure timely processing of loan proposals
- Managing unhedged foreign currency exposure through natural hedge to avoid the additional provisioning
- Assist external consultants to develop the programme for treasury automation
- Nayara Energy Limited, an integrated oil refining and marketing company, with over 4000 employees, revenue exceeding ~ USD 16.00 billion
- Successfully completed refinance of Long-Term Debt of USD 3.2 billion at lower interest cost and elongated maturity profile
- Reassessed & tied-up of Working capital limits of ~ USD 2 billion under the consortium arrangement
- Arranged bank sanction of INR 5000 Crore (122% of the requirement) for setting up Polypropylene Project
- Successfully raised mid-term Export Prepayment of USD 1.6 billion for a tenor of 48 months which has set a benchmark in alternative sources of long-term funds
- Synthetically converted Rupee Term Loans to USD Term Loans, leading to reduction in interest cost
- Pivotal in clearing all the redundant charges with ROC
- Developed excel templates and dashboard for Treasury to enable them to formulate the rolling business plan to arrive at the deficit/surplus of funds
- Conferred with GEM Awards several times for streamlining the process
Asst. General Manager - Finance
Topworth Group of Companies
Mumbai
02.2013 - 07.2018
- Devised bankable proposals, and developed documents for submission to banks for arranging funds for group projects
- Mentored & guided team members in preparation of Information Memorandum, Detailed Financial Model, CMA Data, Covering Letters and related documents for submission to banks
- Coordinated with TEV Consultant for executing viability report of the project
- Negotiated sanction terms, secured sanction and managed post sanction formalities with Banks & Lenders' Legal Counsel for drafting of Master Restructuring Agreement, Loan Agreement, Security Documents, and so on
- Monitored compliance with terms of sanction (including covenants) and submission of periodic financial data to the lenders
- Liaised with Stock Auditors, Rating Agencies and other stakeholders for completion of work on a timely basis
- Established robust business relations with Bankers for the smooth and timely processing of loan proposals
- Pivotal in arranging bank sanction of INR 772 Crore for Road Projects awarded by MPRDC for construction, operation and maintenance of four-laning of Road on BOT Basis
- Collaborated with lead bank in assessment for additional funding of INR 400 Crore for Pipe Manufacturing Unit
- Successfully implemented restructuring package of Group Companies for aggregate credit facilities of INR 3900 Crore under JLF System
- Played a key role in arranging consortium meeting and finalization of Corrective Action Plan
Senior Manager
Quest Profin Advisor Private Limited
Mumbai
06.2006 - 02.2013
- Performed preliminary and/or detailed evaluation of proposed project, promoters, company, its financials & its requirements to assess the feasibility of the proposal and its bankability
- Contributed in structuring the project to make it more bankable, covering issues like debt identification, equity requirement, security, measures, and use of cash flows from the project
- Prepared Information Memorandum which forms the basis for lenders to execute an appraisal for lending purpose
- Marketed project to shortlisted lenders which includes presentations, meetings & discussions with potential lenders
- Liaised with bankers, advocates for facilitating timely processing, sanction, documentation and creation of charge on assets along with other agreements
- Raised funds for Logistic, Real Estate, Healthcare, Education sector
Education
MBA - Finance
Department of Management Sciences, Pune (PUMBA)
Pune01.2006
Bachelor of Commerce -
Pune University
Pune01.2004
Chartered Financial Analyst (CFA Charter) -
123
Skills
- Project Financing
- Debt Syndication
- Financial Modelling
- Working Capital Assessment & Sanctions
Certification
Advanced - MS Excel, profound Knowledge of Advance Excel Tools
Languages
- English
- Hindi
- Marathi
Personal Information
Date of Birth: 12/12/83
Timeline
Deputy General Manager - Treasury
Nayara Energy Limited
07.2018 - Current
Asst. General Manager - Finance
Topworth Group of Companies
02.2013 - 07.2018
Senior Manager
Quest Profin Advisor Private Limited
06.2006 - 02.2013
Advanced - MS Excel, profound Knowledge of Advance Excel Tools
MBA - Finance
Department of Management Sciences, Pune (PUMBA)
Bachelor of Commerce -
Pune University
Chartered Financial Analyst (CFA Charter) -
123
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