Rajesh Sarraf
IICA REGISTERED INDEPENDENT DIRECTOR | GLOBAL CFO
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About
Accomplished Chartered Accountant (FCA) and Global Finance Executive with over 35 years of strategic leadership across infrastructure, power, manufacturing, mining, and telecommunications sectors. Proven track record as a Board Member and C-suite advisor driving corporate governance, risk management, capital restructuring, and multi-country expansion strategy. Registered as an Independent Director with the Indian Institute of Corporate Affairs (IICA) and an active member of the Institute of Directors (IOD).
Adept at leading organizations through complex debt syndication (deploying solutions up to NGN 31 Bn / USD 1.5 Bn scale), cross-border joint ventures, statutory compliance frameworks, and long-term enterprise growth.
Experience
Board Member & CFO – Africa Region - SkipperSeil Group - Nigeria & Ghana
(2018-09)
Turnover ~$100 Million | EPC Power Plants, Sub-stations, IPPs, Mining, Manufacturing, Infrastructure
- Serve as an active Board Member driving international market entry strategies, including the establishment of gold mining operations in Ghana. Oversee board-level governance across 10+ group entities.
- Subsidiaries Under Board Oversight: Skipper Nigeria Ltd, GTA Engineering Ltd, Skipper Eye-Q Ltd, Skipper ETS Electric Ltd, T&D West Africa Ltd, Ikorodu Power Generation Ltd, GTA Powermech FZE, Kaduna Skipper Power Ltd (84MW), Bogi Power Generation Ltd (26MW), Trombay Power Generation Ltd (10MW), Banji Power Generation Ltd (6MW), Betterland Ghana Ltd.
- Expanded Nigerian credit limits from NGN 5 Bn to NGN 31 Bn. Secured NGN 7.5 Bn Term Loan for the Kaduna 84MW Gas-Fired Power Plant JV.
- Instrumental in negotiating and signing concession agreements for 10MW and 6MW hydro power projects. Successfully closed critical long-standing taxation disputes with Federal and State authorities.
Sr. Vice President – Finance - Cargo Power & Infrastructure Pvt. Ltd. - Ahmedabad, India
(2018-03 - 2018-09)
Portfolio projects valued at ~$1.5 Billion including Glass Manufacturing, Solar Power, and Port Infrastructure
- Executed financial closure for manufacturing units and raised INR 1,200 Crores in long-term Rupee term loans from NBFCs.
- Formulated group-wide governance policies, financial controls, vendor negotiation frameworks, and project monitoring matrices.
Vice President – Finance - Godawari Green Energy Ltd. - Mumbai, India
(2011-12 - 2013-03)
Solar Power Generation
- Raised INR 569 Crores in Rupee term loans and subsequently restructured debt via External Commercial Borrowings (ECB) to significantly lower interest costs.
Chief Financial Officer - ALAF Ltd. (Safal Group) - Dar Es Salaam, Tanzania
(2009-08 - 2011-08)
Turnover > $150 Million; Steel & Building Products Manufacturing
- Secured US$ 10 Million international project debt financing from the International Finance Corporation (IFC) and EAIF.
- Enhanced banking working capital limits from US$ 30M to US$ 56M and executed interest rate swaps (fixed-to-floating) to optimize capital cost.
- Spearheaded enterprise ERP (Navision) implementation.
General Manager – Commercial - Reliance Communications Ltd. - Mumbai / Madhya Pradesh, India
(2002-06 - 2009-07)
Turnover > INR 22,000 Crores
- Led commercial operations, bid submissions for SWAN projects, and national e-governance (CSC) infrastructure rollouts across multiple states.
Manager (Commercial) - Rajasthan SPG & WVG Mills Ltd
(1989-01 - 2002-05)
Senior Manager (Finance) - Modern Syntex (I) Ltd
(1989-01 - 2002-05)
Manager (Finance) - HEG Ltd - Rishabhdev Textiles Unit
(1989-01 - 2002-05)
Education
Fellow Chartered Accountant - Accounting - The Institute of Chartered Accountants of India (ICAI) (1989-01 - 1989-12)
Bachelor of Commerce - Commerce - S. S. Jain Subodh College, University of Rajasthan (1983-01 - 1983-12)
