Ajay Patel

Finance Manager @Sunanda Solar Energy Pvt Ltd

Mumbai, IN

Strategic Financial Planning & Analysis: Spearheaded budgeting and long-term financial forecasting across rooftop and ground-mounted solar projects worth ₹50 Cr+, aligning with PPA revenue and RECs monetization goals. Delivered monthly MIS reports on project ROI, CAPEX/OPEX, and cash flows, improving executive decision-making speed by 30%. Project Finance & Capital Raising: Raised ₹3 Crores in project funding from private investors through equity negotiations and strategic profiling. Resolved a major ₹11 Crores loan disbursement issue with SBI Chhatarpur Regional Office, ensuring the timely release of EPC project funding critical to completion. Developed CMA data, financial models, and loan packages for 5+ solar projects; ensured regulatory compliance with SEBI, MCA, and MNRE.Cash Flow & Cost Optimization: Managed ₹4+ Cr in monthly cash flow, reducing working capital strain and ensuring liquidity across 4 locations. Implemented cost control systems across material and service vendors, achieving a 12% cost savings across installation and O&M phases.Recruitment & Team Leadership: Conducted 10+ interviews and successfully recruited accounting personnel tailored to project finance needs. Provided training on financial systems, tax norms, and bank documentation standards to new finance team members. Stakeholder Reporting & Communication: Enhanced stakeholder communication and reporting processes, delivering accurate financial updates to 15+ key investors and partners. Implemented currency-hedging strategies on solar panel imports from China, reducing forex exposure by 18% and safeguarding project margins worth ₹5.4 crore+ annually.

Bhavans College

Bachelor's degree