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Dilip Kumar Ghorawat

Chartered Accountant

Holder of H1B Visa

Chief Financial Officer

E-Mail: ad1upz@r.postjobfree.com /

LinkedIn:www.linkedin.com/in/dilip-kumar-ghorawat-9891689/ Contact No.: +1-551-***-****/ +919*********

SUMMARY

A Dynamic and Result Oriented Chartered Accountant (Equivalent to CPA, USA) with more than 25 years of rich experience in Relationship Banking, Forecasting and Budgeting, Analytical, Merger and Acquisitions, Business Strategy and Business Management functions.

Proficiency and Experienced of Finance & Accounts activities encompassing dealing with Big 4 Audit Firms, Mobilization of Resources, Upgrade in Credit Ratings, Finalization of Accounts, Cash Flow Management, Direct and Indirect Taxation, MIS, Reporting and Team Management, and Statutory Compliance in various sectors namely Steel, FMCG, Sugar, Textile, Manufacturing and EPC Solar Industry.

Proven ability to build profitable relationships with internal and external stakeholders, investor relationship, Possess multitasking skills, experienced in financial management/analysis, working capital / cash management, cost control, setting up processes, financial and enterprise risk management, banking & treasury.

Relation with various Banks, Financial Institutions, NBFC, PE Funds, Mutual Funds and raised around USD 1 Bn of Long Term Debts, Working Capital Facilities, Unsecured Finances, Commercial Papers. Restructured successfully debts of USD 1 Bn under Corporate Debt Restructuring (CDR) and secured additional debts of around USD 150 Mn under CDR. KEY EXPERTISE

Financial Forecasting & Budgeting Accounts Payable & Receivables Direct & Indirect Taxation Financial Operations & Relationship Banking Investor Relationship Risk & Statutory Compliance Variance Analysis Supply Chain Management Stakeholder relationships Financial Statement Analysis Merger & Acquisition Financial Modelling Dealing with Big4 Audit Firms Controllership & Multitasking Strategic Planning Accounting and Audit Cost Control & Optimization Initial Public Offering (IPO) EDUCATION

Chartered Accountant ICAI, New Delhi 1989

Bachelor of Commerce (B.COM) – 1st Class Mumbai University 1985 ACHIEVEMENTS

Selected in CFO India's 8th Annual CFO100 Roll of Honour in category Raising Short Term Funds.

Shortlisted for the YES BANK BW Business World Best CFO Awards 2018.

Enacted strategies for Financial Planning, Fund Management, Project Finance, Financial Analysis, Business Plans and Modelling, Mergers & Acquisitions, Budgeting, Forecasting, Costing, MIS and narratives to support capital raising efforts.

Raised more than USD 500 Mn working capital facilities and reduced rate of interest for WC facilities in India and overseas thereby saving interest and other costs of around USD 2 Mn in one year.

Augmented Long Term debts (inclusive of Acquisition Project) of more than USD 750 Mn in India and overseas for long term tenure at a historic low rate of interest from various banks including HDFC Bank. Participated in Roadshows in London for mobilising debt of USD 500 Mn for acquisition and working capital funds of a Bulgarian Steel Company.

Finalized term sheet of USD 1.3 Bn with a leading Bank in London to refinance debt.

Interacted with Credit Rating Agencies like ICRA (a Moody’s Investor Service Company), India Ratings (a Fitch Company), CARE Ratings, and successfully obtained upgrade in Credit Ratings to AA (Double AA) from BBB. 2

Enlarged the visibility of Companies in the Investor fraternity with focussed interface with mutual funds like DSP Blackrock, HDFC Mutual Funds, BNP Paribas, Motilal Oswal etc.

Devised Acquisition Strategy including Financing to acquire Steel Mills in Bulgaria, Nigeria, Serbia, Philippines etc of approx. USD 800 Mn.

Executed processes in Supply Chain Management including Imports/Exports, Commercials of procurement etc.

Supported project team in putting up a green field project of 3500 TCD sugar plant with 20 MW power Generation within DPR and on schedule time with no cost overrun. Saved in project cost of around USD 2 Mn through negotiations with machinery suppliers like ABB etc and planned capacity enhanced to 5000 TCD of sugar plant within the existing budgeted cost.

Implemented cash flow projection process and reporting mechanism to ensure a minimum cash threshold for meeting operating needs. Designed & authored processes, controls, and risk management activities.

Cultivated external relationships such as audit, regulatory, legal and investors. Dealt with Law & Solicitors Firms like Khaitan

& Co, AZB Partners, Linklaters- UK etc and Big 4 consultants like Ernst & Young (E&Y), KPMG, PwC etc. for various Agreements of M & A, Sale of Shares, GST implementation etc.

Supported the integrity of the governance framework for efficient administration of the company, compliance with statutory and regulatory requirements and implementing decisions made by the Board of Directors.

Restructured Debt of approx. USD 1 Bn and secured additional Debt of USD 150 Mn Crores from several banks. EMPLOYMENT

Sep’18 to till date - Sterling & Wilson International Solar FZCO (SWISFZCO) Chief Financial Officer (CFO) Description: SWISFZCO is one of the world’s largest Solar EPC Company wherein the Company has installed and commissioned more than 16GW of Solar Farms in 29 countries. Responsible for raising resources from Banks for execution of EPC Solar projects, Financial Forecasting and Budgeting, managing all financial reporting and analysis, Financial Analysis, cash management, Risk Compliance and Management, Controllership and Multitasking, Cost Control & Optimization. Role:

Secured Working Capital Facilities of approx. USD 500 Mn from banks and insurance relationship with COFACE, Euler Hermes for various project under execution across countries in UAE, Australia, USA, Oman etc.

Obtained sanction of back-to-back structure financing with HSBC and other banks for more than USD 200 Mn for various Solar Projects.

Evaluated budget plans and current costs to project trends and recommended risk mitigation.

Oversee the operations of the monthly accounts and end-year process, accounts payable/receivable, Scrutiny of general ledger, payrolls, treasury, budgeting, cash forecasting, revenue and expenditure, variance analysis, reconciliations etc. Designed & implemented processes controls to ensure proper accounting for each project and improved tracking of leading indicators of business results.

Prepared operations and risk reports detailing financial metrics to facilitate management decisions and optimize project management and improve project margins.

Implemented a monthly financial and management reporting process for a more timely, accurate and detailed reporting package for use by executive management and board of directors in the strategic management of the organization.

Successfully closed out some projects over 4 months collecting open Accounts Receivable on final billings and/or closing out open Accounts Payable disputes.

Engaged end to end with banking, treasury, and operating cash flow activities for effective financial planning.

Collaborated with stakeholders for finalization of the accounts and presentation to Board of Directors on quarterly basis performance of the Company.

Sep’16 to Sep’18: Indo Count Industries Ltd Chief Financial Officer (CFO) Description: Indo Count Industries Ltd is into business of Manufacturing Home Textiles sector with exports to WalMart, Target, Cosco, etc. Primarily responsible for augmenting Term Loans and Working Capital facilities from banks, Devise Strategy for Organic and Inorganic growth by way of Mergers & Acquisition, Interaction with Credit Rating Agencies, Investor interface and all Commercial functions like GST, Finalizations of Accounts, Auditing, Taxation, Forex Transaction and strategy etc. Role:

Negotiated and secured Long Term loan and Working Capital facilities of over USD 150 Mn Crores from Banks.

Submitted Financial analysis to Credit Rating Agencies and successfully attained upgrade in Credit Rating to AA – ( Double AA minus) from BBB with stable outlook for Bank Facilities.

Developed Hedging Strategy of Forex thereby gained around USD 200 Mn for the Company.

Authored with Suppliers and Logistics team to reduce cost with least Turnaround time (TAT).

Built & maintained financial accounting systems for cash management, accounts payable, Export receivable, credit control. 3

Supervision of overall gamut of Commercial Functions, Quarterly results, Finalization of accounts, Audit of books of accounts, Implementation of GST with support of KPMG, MIS, IT functions.

Ensured proper accounting of fixed assets, stock verification, internal control systems, and compliance of valuation and standard consumption norms. Generated periodical MIS on monthly performance of business, comparisons of budget with actuals and variance analysis

Interaction with Textile Ministry for TUFS, TEXPROCIL for suggestion of policies for Textile sector like Duty Draw back, MEIS, Refund of Embedded Taxes etc.

Increased Visibility of Company on interaction with Mutual Funds, PE Funds etc.

Supervise financial strategies and activities of the Company along with prudent Cash flow planning. Sep’13 to Sep’16: Sutlej Textiles and Industries Ltd (KK Birla Group) Chief Financial Officer (CFO) Description: Sutlej Textiles and Industries Ltd (a KK Birla Group Company) is into manufacture of Yarn and Home Textiles sector with turnover of around USD 300 Mn. Primary KRA was fund raising from banks, organic/inorganic growth and acquisitions, upgrade of credit rating, vision-setting, investor interface and all Commercial functions into finalization of accounts, audit, taxation. Role:

Improvised the Working Capital Facilities and debts worth over Rs 700 Crores and reduced ROI on all existing TL / WC thereby saving interest cost of approx. USD 2 Mn.

Upgraded credit rating AA (Double AA) from BBB for Long Term and Short-Term Banking Facility.

Organized Commercial Paper of USD 150 Mn from mutual funds at low-cost interest rates.

Arranged Loan Against Shares (LAS) of around USD 100 Mn from NBFCs like Tata Capital, Aditya Birla Capital, Bajaj Finance etc. at attractive rate of interest for promoter funding.

Interfaced with Mutual Funds / Insurance Companies and Analyst meet for increasing the visibility of the Company. The Market Capitalization of the Company increased to USD 200 Mn from USD 15 Mn.

Devised short term/ long term business plan/ Financial Plans of the Company and monitored the implementation.

Responsible for all financial reporting, budget, capital spending, variance analysis, strategic planning, audit, and tax. Finalized monthly financial reports (P&L, BS, and CF), MIS for presentation to Board of Directors.

Attended Board of Directors Meeting, Audit Committee meetings and submitted replies to queries of the Board of Directors.

Finalizations of Accounts for submission of Auditors and presentation to Board of Directors.

Interacted with Big 4 Audit Firms, Axis Capital/ Khaitan & Co for finalizing Memorandum for QIP and conducted Roadshows with Mutual Funds, PE Funds etc.

Dec’09 to Sep’13: Sujana Group of Companies Sr. Vice President (Finance) Description: Sujana Group of Companies, having diversified business into Steel industry, Power Transmission, Real Estate, Solar/LED, Hospital Sector with an annualized turnover of around USD 1.2 Bn. Primarily responsible at Group Level for fund raising from local banks & international including debt and equity, acquisitions, credit rating, vision-setting. Role:

Raised Working Capital Facilities worth over USD 500 Mn including unsecured loan of USD 50 Mn from Banks.

Rescheduled Debt of approx. USD 1 Bn and secured additional Debt of USD 150 Mn from several banks.

Finalized Project Information Memorandum of the projects in assistance of technical and marketing team and Developing Financial Model.

Preparation and Submission of CMA data (Credit Monitoring Arrangement) for Working Capital Arrangement & coordinating with various Banks and MD/ED from appraisal to sanction of long term and short-term finances.

Conducted Consortium meetings of WC bankers and TL Bankers, Attended Stock Audits, and Arranged TEV report from Lender Engineers for Term Loan Lenders.

PREVIOUS EXPERIENCE

Mar’05 to Nov’09: ISPAT INDUSTRIES LTD Vice President – (F & A) Jun’04 to Feb’05: GEEP BATTERIES PVT LTD (FMGC Sector) General Manager (Commercial) Nov’02 to May’04: BALRAMPUR CHINI MILLS LTD Deputy General Manager (Commercial) Nov’89 to Oct’02: ORIENTAL CONTAINERS LTD General Manager (Commercial)

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