Dhruv's worked on successful M&A and fundraises worth $500+ million with a focus on clean energy, infra, F&B and healthcare projects across India, the Middle East, and Africa. He is an IIM Ahmedabad alumnus with more than nine years of experience in corporate and project finance, project development, bid advisory, and startup consulting. Dhruv enjoys the exposure and sheer variety of assignments that come with freelancing.
Led the end-to-end project development for a $3 million solar power project. Was responsible for all activities right 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, documentation) for a $15 million wind power project in Karnataka. Phase 1 ($3 million) was successfully commissioned and the balance is under implementation.
Provided project financing support (contract analysis, financial analysis, modeling, documentation) for a $50 million solar power project in Nigeria. The agreement was signed with the government and the project is now under implementation.
Performed due diligence, contract drafting, and negotiation for M&A of a coal power project in India, advising on the sell-side. The transaction was completed successfully (the approximate deal size was $15 million).
Built financial model and analyzed contract for client's tariff dispute with the state electricity board. The claim was settled in favor of the client (the approximate deal size was $3 million).
Carried out financial feasibility and detailed costing of real estate investments (residential/commercial/mixed use) for submission to investors.
Performed financial modeling and debt structuring for a client participating in a competitive bid for Dubai’s first IPP (Independent Power Project) with a project cost of $500 million.
Built a detailed financial model and performed contract review 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, term sheet drafting and financial modeling for sale of a coal power project in India (sell side) with a project cost of $50 million.
Handled the contractual and financial analysis for the extension of a concession agreement for IWPP (independent water and power project) in Qatar.
Analyzed the contract structure and financial projections of IPP with a methane extraction plant as part of the Rwandan government's private-public partnership (PPP) initiative.
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.
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
NSE Certification in Financial Markets (NCFM) | Derivatives