Rakesh Pingulkar
Head Treasury and Project Finance
Mumbai
Summary
Personable and analytical, bringing deep financial acumen and strategic vision to treasury management. Well-versed in financial planning and risk assessment, with robust understanding of cash flow management and investment strategies. Committed to optimizing financial performance and driving sustainable growth.
Offering solid foundation in financial principles and keen desire to excel in treasury function. Contributes strong analytical mindset and ability to quickly grasp complex financial concepts.
Overview
20
20
years of professional experience
10
10
years of post-secondary education
3
3
Languages
Work History
Head of Treasury and Project Finance
Reliance Infrastructure
03.2025 - Current
- Monitored market trends to mitigate potential risks and capitalize on potential opportunities within the financial markets environment.
- Negotiated favorable banking terms for various credit facilities, supporting business growth initiatives.
- Spearheaded the implementation of a treasury management system, improving efficiency and reducing manual workload.
- Managed interest rate exposure, employing effective interest rate risk management techniques.
- Optimized cash management with accurate forecasting and efficient liquidity management.
- Oversaw all aspects of cash flow planning, ensuring timely availability of funds for business needs while minimizing borrowing costs.
- Improved working capital, managing accounts receivable and payable effectively.
- Strengthened internal controls to minimize operational risks and ensure regulatory compliance.
- Played an instrumental role in major M&A activities as well as divestitures, providing expert advice on transaction structuring and financing options.
- Reduced financial risk by developing and executing comprehensive hedging strategies.
- Provided strategic guidance on capital structure decisions by analyzing funding alternatives and their impact on key performance indicators.
- Established strong relationships with banking partners to facilitate seamless financial transactions and reporting requirements.
- Streamlined treasury operations by implementing efficient processes and systems.
- Implemented treasury best practices, ensuring alignment with overall corporate governance standards.
- Collaborated cross-functionally with other departments to support strategic decision-making related to corporate finance activities.
Head of Corporate Finance & Treasury
Sterling and Wilson Renewable Energy
04.2020 - 02.2025
- A result oriented professional with over 20 years of rich experience in handling the Corporate Lending & Trade Transaction Banking along with operations, Corporate Treasury & Forex Hedging, Domestic and Overseas Account Management, Rating Agency, Cash Flow Management & Budgeting.
- Recently raised long term working capital loan from IREDA a renewable energy supportive organisation INR 500 cr at 8.55 % for a period of 7 years.
- Raised a successful long term debt program of INR 1500 cr at average pricing of 8.75 %.
- Managing overall working capital limits of INR 7500 cr in India with a consortium of 15 banks.
- Enhanced assessed working capital from INR 8000 cr to INR 14000 cr in FY 23 to meet the new business working capital requirements.
- Reduced the overall pricing of working capital limits by 1% - Non fund based limits and 1.50% in Fund based limits.
- Successfully helped the company to award an 3 notch upgrade (BBB to A+) from India Ratings.
- Handled the entire cash flow data submission during the due diligence initiated by E&Y while the acquisition of 40% stake by Reliance Industries Lt.
- Achieved an income /gains of INR 85 cr on the back of structures resulting in positive gains in the year FY 23 from Hedges initiated India for Australia, Middle East and United Kingdom.
Executive Vice President
YES BANK
04.2018 - 01.2020
- Managing the P&L and its growth by providing Structured Products & Strategies in Trade for Yes Banks Corporate Clienteles specially focusing structuring trade finance deals & solution for both Domestic & International Trades with providing platforms for Cash Management, Custodial Services & Corporate Banking Services.
Assistant Vice President
Clix Capital
09.2017 - 03.2018
- In this role my responsibility were to develop and set up the basic platform for corporate lending products ranging from LAS, LAP, LRD, Structured Lending, PE Buy outs, NBFC Funding and plain vanilla corporate lending.
- Further was responsible to manage P&L for the entire lending portfolio of Western Region for CLIX Capital.
Chief Manager
Aditya Birla Group
12.2011 - 09.2017
- Reach experience in financing debt for corporates for meeting their financial requirements.
- Have successfully funded Term Loan for General corporate purposes and expansions.
- Short term loan / Working Capital loans for cash flow mismatch and day to day activities.
- PE buy backs.
- Sale and lease back.
- Promoters funding via debt.
- Real estate & SPV funding.
Relationship Manager
ICRA
04.2007 - 06.2011
Executive Business Development
CRISIL
01.2005 - 12.2007
Education
MMM - Finance & Marketing
MET
01.2009 - 12.2011
M.Com - Business Management
University of Mumbai
01.2005 - 12.2007
Bachelor Of Management Studies (B.M.S) - Finance & Treasury
University of Mumbai
01.2002 - 12.2005
Skills
- Treasury Management
- Financial Planning
- Cash Flow
- Fund Raising
- Budgeting
- Working Capital
- Forex & ODI
- SAP
- Advance Excel
- Cash management expertise
- Team leadership and motivation
- Financial policy formulation
- Bank relationship management
Timeline
Head of Treasury and Project Finance
Reliance Infrastructure
03.2025 - Current
Head of Corporate Finance & Treasury
Sterling and Wilson Renewable Energy
04.2020 - 02.2025
Executive Vice President
YES BANK
04.2018 - 01.2020
Assistant Vice President
Clix Capital
09.2017 - 03.2018
Chief Manager
Aditya Birla Group
12.2011 - 09.2017
MMM - Finance & Marketing
MET
01.2009 - 12.2011
Relationship Manager
ICRA
04.2007 - 06.2011
Executive Business Development
CRISIL
01.2005 - 12.2007
M.Com - Business Management
University of Mumbai
01.2005 - 12.2007
Bachelor Of Management Studies (B.M.S) - Finance & Treasury
University of Mumbai
01.2002 - 12.2005
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