CHANDRA VIKRAM PRAHLADKA
Gurgaon/ India, MOBILE NO: +91-844*******; EMAIL: adl8a4@r.postjobfree.com
PROFILE SUMMARY
• CFO, formulating & implementing financial strategy, handling treasury & accounts, fund raising, planning and controlling functions
• Exp. covering capital raising, M&A, debt restructuring and implementing processes/ controls across Asia, Middle East, Africa, Europe & USA
• Exposure spans several sectors including Financial Services, Cement, Fiberglass, Real estate, F&B, Fintech, Co-Living KEY SKILLS
ACADEMIC QUALIFICATIONS
• MBA (Finance) from T. A. Pai Management Institute, INDIA, 1998-2000 – Ranked 3rd overall
• Bachelor of Technology (Civil) from National Institute of Tech., Calicut, INDIA, 1994-1998 – top 10% of the batch PROFESSIONAL EXPERIENCE
CONSULTING ASSIGNMENTS APR 2019 TO DATE
• Acting as a De-facto CFO for a mid-size real estate family run company with focus on developing processes/controls/ systems & fund raising
• Acted as De-facto CFO for an insurance fintech startup with focus on setting up the company & fund raising. Raised US$ 0.53 Mn as Pre- Series A from Angel Investors. Set up the entire finance and compliance departments
• Assisted one of the top VC firm with their co-living portfolio company to optimize costs and reduce cash burn
• Awarded as Top 100 CFO in whole of India for years 2021 & 2020 by CFO India and CFO of Year for 2020 by Indian Achievers Forum DEVYANI INTERNATIONAL LTD (DIL) NOV 2017 TO APR 2019
$ 1.5 billion F&B company of RJ Corp with 500+ outlets of Pizza Hut, KFC, Costa Coffee, Food Courts, Airports across Indian, Nepal and Nigeria. CFO, Airport & Food Courts Vertical Gurgaon, India Reporting to the President & CEO
• Responsible for Finance, M&A, implementation of new projects for Airport & Food Courts vertical & bidding for F&B outlets for Airports
• Responsible for budgeting, MIS, financial planning & analysis cycle, taxation matters, working capital management, banking relations
• Headed the licensing department and was representing DIL in centralized procurement team at RJ Corp
• Set up the complete F&B outlets (14) for Trichy International Airport in record 3 months duration with investment of $ 0.6 Million
• Prepared the company for IPO
SOBHA GROUP MAR 2016 TO AUG 2017
$ 1.5 billion backward integrated conglomerate with presence in Real Estate, Contracting and Architecture studio. Chief Financial Officer Dubai, UAE
Reported to the Group Chairman
• Managed finance, fund raising initiatives (incl. corporate & project debt), treasury and accounts with a team of 15 professionals
• Proactively managed cash flow/liquidity to meet ongoing operational and investment requirements. Developed cash flow monitoring system through quarterly rolling yearly cash flow and daily cash flow for next 60 days
• Implemented MIS/ budgeting/ reporting structure, project wise
• Set up the internal audit department for the whole Group
• Evaluated all proposals related to capital or operational investment proposals and assessed financial / business viability of the same. Carried out cost savings of c. $ 0.8 million per month
• Developed, implemented and managed investor relations programs. Ensured that the right company information is released in a fair and trustworthy manner to the current & prospective Investors and other stakeholders of the company
• Led $ 500 million Sukuk (Islamic Bond) program and prepared the company for listing on Stock Exchange
• Successfully implemented ERP
BINANI INDUSTRIES LIMITED JAN 2013 TO MAR 2016
$ 2 billion conglomerate with presence in Cement, Fibreglass, Zinc, etc. across India, Europe, USA, China, UAE and Africa. Executive Vice President INDIA, UAE
Reported to the Group Chairman
• Director, CPI Binani Inc., USA – As Board nominee, managed and prepared the company for an asset sale transaction for $ 15 million
• Head of Corporate Finance department and was managing divestments, acquisitions, fund raising, debt restructuring/ refinancing initiatives
• Carried out all the roles and responsibilities of a CFO (except for accounting)
• Prepared the global cement and fiberglass expansion strategy (either through brownfield/ greenfield or tie-ups)
• Negotiated & executed global cooperation agreements like CITIC HIC (part of $50Bn Chinese MNC) and Sinoma China (world’s largest cement equipment supplier) for projects worth $ 1 billion
• Prepared the cement and fiberglass verticals to be listed separately DUBAI GROUP (PE ARM OF DUBAI HOLDINGS, owned by H.H.SHEIKH MOHAMMED, RULER OF DUBAI) MAR 2008 TO JAN 2013 Assistant Vice President Dubai, UAE
• Evaluated more than 150 opportunities & deployed $ 0.5 billion in Islamic bank/ reinsurance companies
• Successful exit for 2 of the above investments ~ $ 550 million (purchase price of $ 225 million) & $ 160 million (purchase price of $ 90 million)
• Restructured $ 10 billion debt (mix of bilateral & syndicated) involving 45 banks (Middle Eastern/ Indian/Global banks) EMIRATES NBD (ENBD) JUL 2005 TO MAR 2008
Senior Manager, Strategic Development Department Dubai, UAE
• Led the M&A activity & establishment of new business/ product lines for the BANK to diversify its presence
• Key member of the team which carried out the merger between NBD & Emirates Bank with combined market cap of $ 12 billion KPMG (Kuwait), Senior Consultant, Corporate Finance JUN 2004 TO JUN 2005 ERNST & YOUNG / ARTHUR ANDERSEN (India), Senior Associate, Corporate Finance MAY 2000 TO MAY 2004
• Process and Controls • Private Equity Investments/ Exits • Fund Raising (Debt/ Equity/ Mezz)
• MIS/ Budgeting/ Reporting • Debt Restructuring/ Refinancing • Strategy and M&A CHANDRA VIKRAM PRAHLADKA
Gurgaon/ India, MOBILE NO: +91-844*******; EMAIL: adl8a4@r.postjobfree.com Key Transactions / Assignments / Initiatives
FUND RAISING INITIATIVES
Type Summary Amount Region Sector
Equity Dilution
Led strategic sale (leading global PE firm) of c.20% equity stake at holding company
$350M UAE Real Estate
Equity Dilution
Led strategic sale (leading global PE firm in Real Estate/Infrastructure) of c.50% equity stake in a real estate project
$350M UAE Real Estate
Equity Dilution Led strategic equity sale (leading global PE firms) for cement business $300M India/
China/ UAE
Cement
Equity Dilution Pre-Series A from Angel Investors $0.53M India Fintech Corporate Debt Raised corporate debt (UAE/ Indian banks) for real estate business $170M UAE/ India Real Estate Corporate Debt Raised corporate debt (UAE banks) for real estate business for purchase of land $272M UAE Real Estate Corporate Debt Raised corporate debt (Indian NBFC) for real estate business $11M India Real Estate Project Finance Raised project finance (Indian bank) for real estate projects $78M UAE Real Estate Project Finance/
Export Credit
Led project debt raising (UAE/ Indian banks) for cement/ fiberglass business $225M UAE/ Africa Cement/
Fibreglass
Debt Refinance
Refinanced (with additional top up) of debt (UAE Bank) availed for purchase of land with int. savings of more than 2.5% p.a
$450M UAE Real Estate
Debt Refinance
Acquisition debt refinancing (Indian/ Middle Eastern/ Global Banks) for European fibreglass business at all in cost of 3.25% p.a
$270M India/
Europe
Fibreglass
Debt
Restructuring
Restructured entire debt (Middle Eastern/ Indian/Global banks) of Dubai Group with 45 banks
$10B UAE Investment
Corporate Debt
Restructuring
Corporate debt restructuring (Indian Banks) for Indian cement business with 19 lenders
$500M India Cement
PRIVATE EQUITY INVESTMENTS/ EXITS
Type Summary
Invested/
Exit
Total Region Sector
Equity Islamic bank in Malaysia $225M NA Malaysia Banking Equity Greenfield Islamic reinsurance company $120M $300M UAE/ Bahrain/ Malaysia Insurance Equity Greenfield Islamic reinsurance company $100M $200M Kuwait Insurance Equity Greenfield credit card company $90M $90M UAE Credit card Equity Exit Islamic bank in Malaysia $550M NA Malaysia Banking Equity Exit Credit card company $160M NA UAE Credit card MERGERS / ACQUISITIONS / DIVESTMENTS
Type Summary Amount Region Sector
Divestment
Sale of USA based composites business through Asset Sale transaction to an NYSE listed competitor
$15M USA Composites
Merger Merger between National Bank of Dubai and Emirates Bank International - One of the biggest merger in Middle East
$12B UAE Banking
Merger Led merger of European Fibreglass business with another European competitor with significant synergy benefits
~$400M Europe Fibreglass
Divestment
Managed (end to end) number of non-core divestitures in Dubai Group to manage liquidity & service the debt
$500M USA/
Europe/ Asia
Investments
Acquisition
As a consultant, advised & completed acquisition of US based mining instrument company by an Indian company
$200M USA Mining
Divestment
As a consultant, completed divestiture of Indian mutual fund business by a Canadian based group
$100M India Mutual Fund
STRATEGY, BUSINESS DEVELOPMENT & OTHERS
Type Summary Region Sector
Project
Management
Set up the complete F&B outlets (14) for Trichy International Airport in record 3 months duration with investment of $ 0.6 Million
India F&B
Business
Strategy
Prepared global cement business strategy incorporating Brownfield & Greenfield expansions, and strategic Joint Ventures across India, China, UAE, Oman and Africa Global Cement
Corporate
Strategy
Post crisis, developed detailed corporate strategy for Dubai Group Global Investment Business
Development
Business Development & liaising for $250M cement clinkerization plant (capacity of 2.5 million tons p.a. cement) in Fujairah, UAE and for €150M fibreglass plant in Abu Dhabi, UAE UAE
Cement/
Fibreglass
Diversification
Development of business plan & setting up of Investment Banking subsidiary & Islamic Finance department for National Bank of Dubai
UAE Banking
Valuations
As a consultant, carried out valuations for companies in various sectors such as logistics, healthcare, financial services, IT, real estate
Kuwait/
India
Multi -
sector