Dhruv Tandan, Finance Expert in Hyderabad, Telangana, India
Dhruv Tandan

Finance Expert in Hyderabad, Telangana, India

Member since May 31, 2018
Dhruv has worked on successful fundraises and consulting projects worth $1+ billion, with a focus on energy, tech, food, and life science projects across Asia, the US, and Africa. He is a partner at a consulting firm and has more than a decade of experience in fundraising, startup consulting, process improvement, M&A, and project finance. An MBA in finance, Dhruv enjoys the exposure and sheer variety of assignments that come with freelancing.
Dhruv is now available for hire

Career Highlights

Education

Select Certifications

Case studies

Industry Expertise

Other Expertise

Employment

  • Finance Expert

    2018 - PRESENT
    Toptal Projects
    • Built detailed financial models for both the holding and project companies for a $5 million pre-series A funding. The client (Genh.co) is an innovative modular hydropower generation company in the United States.
    • Prepared the financial model for a US-based B2B SaaS company (Refactr.it) for a $5 million a Pre-series A fundraise.
    • Built the financial model and valuation for a US-based medical device company with $500,000 in annual revenue in preparation for a Series A fundraise.
    • Prepared the financial model and strategy for an eCommerce company/freelance community in SE Asia (Gigworks.co), targeting a $1 million seed fundraise.
    • Prepared the consolidated and standalone model for four business units of an American nutrition company experiencing hyper-growth. The financial model included customer funnels, CAC, LTV, three statements, sensitivities, and variance analyses.
    Focus areas: eCommerce, Health & Wellness, Energy, Software as a Service (SaaS), Venture Capital, Business Planning, Three Statement Operating Model, Revenue & Expense Projections, Early-stage Startups, Valuation, Startups, Financial Modeling, Startup Consultation, Financial Planning & Analysis (FP&A), Pitch Decks, Fundraising
  • Partner

    2017 - PRESENT
    AND Business Consulting
    • Prepared the detailed three-statement financial model, valuation and LTV and CAC calculations for an electric vehicle corporation's $21 million series A round and upcoming $65 million series B round.
    • Secured term sheet for $750,000 of angel funding for the master franchisor of F45 Training, a leading international fitness chain, by preparing the information memorandum, pitch deck, financial model, and reviewing investor term sheets.
    • Carried out market research on the life sciences, education and industrial infra sectors for Cerestra, a leading private equity firm, raising a $300 million fund and seeking to list it as a REIT/InvIT.
    • Secured $4 million working capital financing for a construction company in the railway sector by preparing the project report and negotiating terms of sanction with lenders.
    • Secured $1 million of angel and venture capital funding for Our Food (ourfood.co.in), an agri-tech startup, for expansion of its domestic operations by preparing the business plan, pitch deck, financial model, and term sheets.
    • Built detailed financial models for the World Bank to help monitor the performance of select power distribution companies in India with revenues over $5 billion.
    • Prepared an investor presentation, business plan, and information memorandum for a US-based drug delivery company for a pre-series A funding round of $5 million.
    • Assisted Deccan Healthcare (Deccan.healthcare), a wellness product company, to raise $6 million from its 2018 IPO by preparing the company information memorandum and financial model.
    • Optimized processes across production, inventory, dispatch, manpower, and support functions for Almond House (Almondhouse.com), a leading bakery and confectionary with revenue of $15 million.
    • Drafted the term sheet, shareholders agreement, and share purchase agreement for the master franchisor of Gelatissimo (Gelatissimo.in), a renowned Australian gelato chain that had raised $200,000 of angel funding.
    • Secured $100,000 in debt financing for SolarBull (Solarbull.in), a clean energy startup, by preparing the project report, financial model, and other loan documentation.
    • Drafted the information memorandum and financial model for Husys Consulting (Husys.com), a $10 million HR services company that was approaching investors for pre-series A funding.
    • Prepared the pitch deck, financial model, and expansion strategy for a brewpub (Ironhill.in) with over $5 million in revenue seeking strategic partners.
    • Implemented an intangible asset valuation for a group of K-12 schools (Vikasconcept.com) as part of their successful debt financing process worth $2 million.
    • Performed financial modelling, cost benchmarking, returns analysis, and scenario testing for a client (Parkdb.com) evaluating a new theme park/amusement park project.
    • Carried out market research and feasibility study for entry into the senior living real estate market for a real estate developer.
    • Prepared the financial model and pitch documents for a $20 million fund in the agricultural, food, and logistics sector, floated by Springforth investment managers.
    • Prepared the three-statement financial model and returns analysis for an integrated $5 million health and wellness project consisting of a mini-hotel, spa, and yoga center.
    • Developed the business model, strategy plan, and financial model for an API CRAMS project. The client was a $20 million private equity-funded Indian pharma/CRAMS company (Aizant.com).
    • Acting as an ongoing fractional CFO for a US financial services and consulting firm with a projected annual income of $300,000.
    • Built a detailed financial model for the World Bank to help them monitor the performance of power sector recovery measures in a sub-Saharan nation, including hydropower project construction, reduction of losses, and demand-side management.
    • Prepared the information memorandum, pitch deck, and financial model for a $3 million fundraise for an Indian nutraceutical MNC (Zystusnutraceuticals.com).
    • Prepared the business plan, market entry strategy and financial model for a leading hotel chain seeking to diversify into D2C food products (sauces/condiments) - online and offline distribution models. Product in pilot launch stage.
    Focus areas: Financial Modeling, Finance Process Improvement, Process Improvement, Corporate Finance, Mergers & Acquisitions (M&A), Transaction Structuring, Angel/Seed Funding, Fundraising, Investor Presentations, Business Planning, Finance Strategy, Virtual CFO, CFO
  • Senior Manager

    2012 - 2017
    Spark Infra Advisors (India) Pvt. Ltd.
    • Led the end-to-end project development for a $3 million solar power project. Responsible for all activities, from bid submission to financial closure to successful design and commissioning of the project. The project provides electricity to over 1,500 homes in five nearby villages.
    • Handled project financing activities (contract analysis, financial analysis, modeling, and documentation) for Sarayu Group for a $15 million wind power project. Phase 1 ($3 million) was successfully commissioned and the rest is under implementation.
    • Provided project financing support, including contract analysis, financial analysis, modeling, and documentation, for KVK Group's $50 million solar power project in Nigeria. The agreement was signed with the government, and the project is under implementation.
    • Performed due diligence, contract drafting, and negotiation for KVK Group for the sale of a coal power project in India. The transaction was completed successfully.
    • Built a financial model and analyzed contracts for a client's tariff dispute with the state electricity board. The claim was settled in favor of the client with a claim amount of ~$3 million.
    • Carried out financial feasibility and detailed costing of real estate investments in the residential, commercial, and mixed-use sectors for an HNI/angel investor. The client completed the investment of $10 million based on our assessments.
    • Provided contract drafting, negotiation, and investor documentation for Sarayu Group for sale of a wind power project in India. The transaction was completed successfully.
    Focus areas: Debt Raises, Power Purchase Agreements (PPA), Financial Planning & Analysis (FP&A), Mergers & Acquisitions (M&A), Financial Regulations, Corporate Finance, Product Bidding, Investment Monitoring, Project Finance
  • Associate

    2010 - 2012
    Synergy Consulting, Inc.
    • Performed financial modeling and debt structuring for a consortium consisting of ACWA Power's and Siemens' participation in the competitive bid for Dubai’s first independent power project (IPP) with a project cost of $500 million.
    • Built a detailed financial model and performed a contract review for Saudi Aramco for the first district cooling project financed on a non-recourse basis in the Middle East and North Africa (MENA) region, with a project cost of $160 million.
    • Carried out due diligence, valuation, and financial modeling for TAQA, Abu Dhabi's energy holding company, for acquisition (via a competitive bid) of two coal power projects (buy-side) with a project cost of $100 million.
    • Built a detailed financial model for Marafeq Qatar for the development of a district cooling project in Lusail City, the largest development in Qatar, with a project cost of $75 million.
    • Analyzed the contract structure and financial projections of an IPP with a methane extraction plant worth $200 million. The project was part of the Rwandan government's private-public partnership (PPP) initiative.
    • Carried out due diligence, valuation, term sheet drafting, and financial modeling for PPN Power for the sale of a coal power project in India (sell-side), with a project cost of $50 million.
    • Handled the contractual and financial analysis for Qatar Electricity & Water Company for extension of the concession agreement for its independent water and power project in Qatar.
    Focus areas: Financial Model Auditing, Financial Modeling, Project Finance, Structured Finance Documentation, Mergers & Acquisitions (M&A)

Other Experience

  • Caution to the Wind: Views on the Renewable Energy Growth Boom (Publication)
    Renewable energy generation, lead by solar PV and wind power, is growing at a considerable rate. Innovations are lowering the cost to generate such power to levels of traditional fossil fuels. Yet underneath the positive headlines, there are some fundamental issues that remain in the long-term sustainability of business models in the industry.

Education

  • Master of Business Administration (MBA) degree in Finance
    2008 - 2010
    Indian Institute of Management Ahmedabad - Ahmedabad, India
  • Bachelor's degree in Electrical and Electronics Engineering
    2004 - 2008
    Chaitanya Bharathi Institute of Technology - Hyderabad, India

Certifications

  • Python and Statistics for Financial Analysis
    MAY 2020 - PRESENT
    The Hong Kong University of Science and Technology
  • Tableau — Desktop I
    APRIL 2020 - PRESENT
    Tableau Software
  • SEO for WordPress (Block & Classic Editors)
    JANUARY 2020 - PRESENT
    Yoast SEO Academy
  • Certification in Financial Markets (Derivatives)
    APRIL 2008 - PRESENT
    National Stock Exchange of India

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