Vineet Davis
Mumbai
Summary
Seasoned CXO Leader with P&L responsibility and around 30 years of expertise in driving Organizational Growth- Inorganic & Organic. Operations Excellence, Turnaround business and Delivering large scale projects- c2c in Fertilizer/Petroleum/Renewable Industry.
Overview
33
33
years of professional experience
Work History
Chief Operating Officer
Welspun New Energy
12.2024 - Current
- Setting up organizational targets for 5 MW of renewable platforms and 2.0 MMT of green hydrogen by 2030.
- Strategizing organizational growth through operational excellence
- Formulation for scaling up operations to build 5 GW of renewable energy and 2.0 MMT of green H2 by 2030.
- Developed 3.0 GW of land and connectivity in 4 months.
- Technology finalization for RETRC, FDRE, and Hybrid Green Energy Projects.
- C2C project execution of wind, solar, energy storage, green hydrogen, and its derivatives.
- WBS, budget, and operational process for renewable business.
- EPC contracts and strategizing sourcing of capital items.
- Project execution and project monitoring of 1.0 GW of hybrid, stand-alone, RERTC renewable projects under execution.
Business Head Operations
JSW Energy Ltd
12.2022 - 12.2024
- P&L Head for JSW Renewable Operation handling 5.0 GW with 4000Crs of Revenue and 3200 Crs of EBITDA
- Enhanced Operational EBIDTA by 25% of JSW-Mytra portfolio by increasing MA and GA from 89% to 98%
- Build JSW operations from Stretch to 5.0 GW of renewables operations
- Instrumental in M&A of O2 Power 1250 MW, Mytra 1750Mw, Reliance Vaspet 45MW, Hetro 125MW of the Renewable Portfolio
- Digitization of JSW Renewable assets with advanced analytics
- Ensured all Regulatory and Statutory Compliances
- Enhanced Cash flows by Reducing Receivables from Customers/Discoms to less than 60 days from 180 Days and collection overdue payments of more than 800 crs
- Technology selection, Engineering, Procurement for Wind Turbines, Solar Modules, BESS, EPC Agencies, Vendors
Whole Time Director
Inox Wind Ltd
Noida
01.2012 - 12.2022
- First Employee to Join Inox group as Head Projects and built Renewable Portfolio from Stretch to 3.5 MW
- EtE execution of Wind Farms- Site Selection, Statutory Approvals-Handling all Regulatory-MOP, MNRE, CERC, State government, Discoms, CERC/STU/CTU/NLDC ETC
- Elevated to Whole time director in 2019
- Operations Head, drive Projects, Supply Chain, Plant Manufacturing for Inox wind
- Revenue, P&L and Cash flow for the Wind Business
- Set up, AOP, Budget
- Headed Supply chain encompassing Procurement of material, Finalization of EPC Agencies
- Manufacturing optimization of Nacelle Hub, Tower and Blade Plants
- Interface with the external and internal stakeholders
- Developed and executed over 5000 mw and commissioned around 3000MW of renewable energy Projects on Pan India.
- Built Power Evacuation of over 5000 MW with 15-20 Main and ancillary subs-stations
- Built Transmission network of over 5000 Kms on Pan India
- Set up of New Blade, Tower and Nacelle Plants to the capacity of 1600MW
- Supply Chain and Value Engineering and alternate domestic and global sources of Vendors, optimizing cost and delivering cost effective Renewable power to customers with best investment on return
Vice President
JITF/JWIL LTD
New Delhi
01.2011 - 01.2012
- P&L accountability of the operations and management of Water and Waste to Energy Projects
- Client relationships, regulatory compliance, risk assessment/control and Safety, Health, & Environment activities
- Bid and won water (EPC+O&M and BOOT) and Executed EPC and BOOT Projects across India
- Turnaround business thru process re-engineering
- Established India first Waste to energy projects-16MW in Okhla
General Manager
M/s Essar Mahalaxmi
Mumbai
01.2008 - 01.2011
- Project Manager for Matix Fertilizer Plant
- Project Development Matix Fertilizer Projects-2200MPD Ammonia and 3850MPD Urea
- Project Development and Project Engineering-site selection, detailed feasibility report, banking DPR
- Basic and -Detailed engineering
- Getting statutory clearances -Forest, CPCP, AAI, Irrigation, land acquisition, water allocation.
General Manager- Engineering Services
Reliance Industries Limited
01.2005 - 01.2008
- Headed Project and engineering as State Head Engineering for UPE
- Later Moved Regional Head Maintenance
- Project development and execution of 457 Petroleum Retail outlets in Reliance Industries- Petroleum Division
- Moved to Regional Head from State Head within a year
- Commissioned first aviation fueling station for RIL
- Asset Management of over 500 Retail Outlets
Chief Engineer Electrical Fertilizer & Power
MS Shriram Fertilizers & Chemicals Ltd
Kota
01.2004 - 01.2005
- 100 MW Coal Based Power Plant Operations and Maintenance
- Project Execution of Brown Feed 40MW Power Plan
- Lead British Safety Council implantation and got awarded with “Sword of Honor”
- Operation and Maintenance- Ammonia Urea and Bagging Plant
Assistant Manager Electrical
MS Chambal Fertilizers and Chemicals Limited
01.1996 - 01.2004
- Project Execution of 1x1350 MPD of Ammonia and 2x1125 MPD of Urea Fertilizer plant
- Operation and Maintenance- Power Plant and Offsite, Urea- ammonia
- Commissioned 1x1350 MPD of Ammonia and 2x1125 MPD of Urea Fertilizer plant in 26 months on time and cost
- Zero downtime for 30 months of Gas based Power Plant
Engineer
M/s Camphor & Allied Ltd
Bareilly
01.1992 - 01.1996
- Commenced Professional Career as “Management Trainee”
- Project Execution Camphor & menthol plants (Continuous process organic chemical plant
- Successfully commissioned 60MW Combined Cycle Power Plant
Education
COO MDP -
IIM Lucknow
01.2023
BE - Electrical with distinction
NIT Jamshedpur
01.1991
Skills
- Leadership & Strategy
- Driving business growth
- Revenue-EBITDA-P&L
- Cash Flows management
- Capex allocation
- Fund Raising
- Operational excellence
- Annual operating plans
- EPC Leadership
- Quality & HSE Control
- Manufacturing & Supply Chain
- Inventory turnaround
- Asset Management
- Digitization-Advanced analytics
- Engineering and Technology
- Green H2/NH3
- Fertilizer
- Wind and Solar
- BESS technology selection
- External interface
- Regulatory
- Govt Nodal agencies
- Lenders
- Equity Partners
- DECs-Contractors
- Board Member/Internal Stakeholder
- People Management
- Team Building
Timeline
Chief Operating Officer
Welspun New Energy
12.2024 - Current
Business Head Operations
JSW Energy Ltd
12.2022 - 12.2024
Whole Time Director
Inox Wind Ltd
01.2012 - 12.2022
Vice President
JITF/JWIL LTD
01.2011 - 01.2012
General Manager
M/s Essar Mahalaxmi
01.2008 - 01.2011
General Manager- Engineering Services
Reliance Industries Limited
01.2005 - 01.2008
Chief Engineer Electrical Fertilizer & Power
MS Shriram Fertilizers & Chemicals Ltd
01.2004 - 01.2005
Assistant Manager Electrical
MS Chambal Fertilizers and Chemicals Limited
01.1996 - 01.2004
Engineer
M/s Camphor & Allied Ltd
01.1992 - 01.1996
COO MDP -
IIM Lucknow
BE - Electrical with distinction
NIT Jamshedpur