
Madhurita
MBA (Finance & Strategy) | Business Development and Commercial Lead | Renewable Energy | 10+ Years
Hire this person
Send a job offer directly to this candidate
About
10+ years of progressive experience across the renewable energy IPP & EPC value chain. Proactively managed >1 GW of utilityscale solar portfolios, driving business development and project acquisition through techno-commercial evaluation, due diligence, financial modeling, bidding strategy, and contract management. Seamlessly combines engineering credibility with financial rigor to identify viable opportunities, de-risk pricing, and deliver sharp, winning project proposals.
Experience
ib Vogt Solar India Pvt. Ltd. Gurgaon, India
PV Engineer Feb 2024 – Aug 2025
- Secured a bid of €110 million for a 150 MWp Irish Project leading a team of three; successfully negotiated RFPs and technical deviations directly with clients to secure commercial alignment.
- Led techno-commercial strategy for 65 MWp South African project; analysed RFPs, conducted due diligence focusing on land constraints and grid-connection viability to maximise bidding competitiveness and bankability.
- Ensured the integrity of financial models by meticulously validating key assumptions and reviewing project valuations based on DCF as well as multiples analysis.
- Tracked supply chain and balance-of-system (BOS) pricing trends to deliver high-accuracy financial modeling inputs and significantly reducing project development risks.
- Developed an intelligent database evaluating real-world market data and competitor bidding behaviors.
RWE Solar India Pvt. Ltd. (Formerly Belectric Photovoltaic India Pvt. Ltd.) Mumbai, India
Manager Jan 2019 – Dec 2023
- Managed high-value project portfolios >900 MWp, optimizing working capital efficiency by structuring billing schedules,
accelerating account receivables, and aligning supplier payables.
- Developed and controlled multi-million-dollar project budgets within SAP; administered cost controls and variance analysis to prevent overruns, delivering monthly financial performance and cashflow forecasts directly to C-suite executives.
- Partnered with top global banks (like HSBC and Commerzbank) to secure bank guarantees.
- Led successful project audits collaborating with PwC and KPMG to execute rigorous project financial audits, ensuring full transparency in financial reporting, working capital management, cash flow and regulatory compliance.
- Originated project pipeline of > 500 MWp by executing rigorous due diligence, financial feasibility models, precise cost estimations and analyzing tariff sensitivity to win highly competitive bids.
- Facilitated the alignment of operational and financial synergies collaborating with the corporate M&A team during Belectric's post-acquisition integration into RWE.
Vikram Solar Ltd. Kolkata, India
Senior Associate Jan 2017 – Dec 2018
- Managed end-to-end tender preparation and bid operations, deconstructing complex RFPs to build compliance matrices and ensure 100% on-time submission.
- Coordinated across engineering, legal, and procurement teams to gather technical specs, build accurate cost estimates, and assemble highly competitive final bids.
- Reviewed tender documents to flag commercial risks, drafting formal pre-bid clarifications to protect project profit margins before executive sign-off.
- Supported major utility-scale project acquisitions for key public accounts like SECI, ONGC, APGENCO, NHPC, and BEL by delivering optimized BOQs and evaluating techno-commercial offers.
- Cultivated long-term client relationships to secure repeat business, build account trust, and strengthen the future project pipeline.
Sterling & Wilson Renewable Energy Ltd. Bangalore, India
Engineer Jul 2015 – Dec 2016
- Supported Business Development team through site assessments, proposal development, pre-bid engineering drawings, and
BOQ preparation, contributing to the successful winning of rooftop C&I project bids.
- Served as single point of contact for client and Owner's Engineer for First Solar project (~200 MW), conducting SLD and layout design, electrical calculations (AC & DC side), and vendor drawing reviews to ensure technical alignment and execution readiness.
- Standardized engineering processes across the organization, streamlining technical specifications and supplier evaluation report.
Education
Master of Business Administration - Full-time (Finance & Strategy) Sept 2025 – Aug 2026
Frankfurt School of Finance and Management Frankfurt am Main, Germany
(Top 1% among Global Business Schools)
Grade: 90%
Leading Digitalization and Business Innovation Feb 2026 – Mar 2026
SDA Bocconi School of Management (Exchange Semester) Milan, Italy
Grade: 95%
Bachelor of Technology in Electrical Engineering Jul 2011 – Jun 2015
Kalinga Institute of Industrial Technology Bhubaneswar, India
