Debal Mitra

Experience

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  Gas Authority of India Limited

  Jan 1993 - Jan 1994

  Graduate Engineer Trainee
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  ITC

  Jan 1996 - Jan 1999

  Assistant Manager - Mortgage Finance

  - Developing Operations Manual including SOPs for housing finance lending- Maintaining sector research on demographics, housing gaps and preparing detailed reports on Indian mortgage finance industry - Preparing business plans and valuation models for sale of company to prospective investors- Detailed credit appraisals of prospective borrowers- Structuring innovative financial products for ITC Real Estate Group- Acting as an Executive Assistant to the CEO engaged in preparing his presentations, articles* ITC Classic Home Finance later became Birla Home Finance Limited and then Deutsche Postbank Home Finance Limited Show less

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  ICRA

  Jan 1999 - Jan 2004

  Senior Analyst

  - Engaged in credit rating of companies in oil & gas, chemicals, metals, textiles and consumer goods - Interaction with clients and detailed analysis of the past operating and financial performance of issuers - Detailed financial projections for the company under various possible stress scenarios and sensitivities, and presenting rating reports to the Rating Committee- Liaison with CEOs, CFOs and top management of the companies- Writing Rating Rationales, press releases and Credit Perspectives on various sectors- Authored Industry Comments on steel, aluminium and Industry Watch on consumer durables Show less

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  HSBC

  May 2005 - Jun 2009

  AVP

  - Team lead for Metals & Mining in HSBC’s captive KPO at Bangalore, built up the team from scratch, including recruitment, domain training, assessment and continuous personal development for team members- Part of HSBC’s Global Natural Resources Research team; as a FSA-registered Analyst for HSBC, handled initiations/generated research/prepared financial and valuation models from scratch on global Metals & Mining majors as well as Indian equities. - Supervised and vetted research reports, valuation models and databases constructed by team - Successfully liaised with global analysts for team coordination, role allocations and other issues- Prepared thematic research products on minerals like coal, iron ore and metals like steel, copper, aluminium, zinc, notably a quarterly Metals & Mining Chartbook that included recent trends and presaged price and demand-supply movements in future Show less

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  CareEdge Group

  Jun 2009 - Oct 2011

  Deputy General Manager

  - Supervising, as a Rating Head, credit ratings and IPO gradings for Indian companies across select sectors like infrastructure, metals & mining, construction, real estate, auto ancillaries and chemicals - Managing a team of 25 analysts- Engaging in business development activities with CEOs/CFOs of prospective and existing client companies, banks and institutions for identified sectors and/or corporate groups- Writing credit perspectives/periodic industry notes on sectors - Authoring ‘Funding the Great Indian Steel Dream: A Credit Perspective’ assisted by a team; the paper was presented as a concept paper at Global Steel Summit, January 2011- Engaged in SME ratings; panel speaker at seminars organised by industry associations e.g. presented on ‘Relevance of ratings for SMEs’ at SME Chamber of Commerce Show less

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  Feedback INFRA

  Nov 2011 - Jan 2014

  Vice President - Financial Advisory

  - Transaction advisory for PPP projects in infrastructure sector of various state governments, involving engagement with senior government officials and presentations - Develop risk scoring models for power and road sectors for clients- Debt syndication, investment banking and M&A in infrastructure sector- Authoring articles on infrastructure for journals

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  Srei

  Feb 2014 - Mar 2019

  Senior VP & Head - Risk

  - Supervising detailed risk appraisal of proposed exposures in infrastructure/core sectors e.g. power (including conventional and renewable), coal, roads, ports and steel/metals; managing a book of Rs 14,000 cr (US$2 billion)- Collateral adequacy; credit review; portfolio monitoring; internal rating- Sector research and internal risk reports on various sectors - energy - generation (conventional/ renewables), transmission, distribution and power trading, roads, ports, and other infra sectors- Migration to expected credit loss (ECL) methodology- Enterprise risk management across organs/divisions - Panel speaker on "Financing Challenges in Renewable Energy" at EQ CleanTech Summit at Delhi Show less

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  CareEdge Group

  Mar 2020 - Sept 2021

  Senior Director - Corporate Ratings

  - Led Ratings (Operations) for North India covering 1,000 clients- Member of several Rating Committees- Developed concept paper and methodology note on ESG ratings

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  IIFCL Projects Ltd

  Sept 2021 - Aug 2022

  Senior Consultant

  - Creating a Vision Document for 2047 for a state in North East India, compliant with Sustainability Development Goals (SDGs) and identifying suitable projects for phased implementation- Assisting in structuring and economic and financial modelling of an integrated eco-tourism project composed of 35 sub-projects for a multilateral agency- Assisting in refinancing of existing loans on hydropower generation assets - Prefeasibility analysis of potential economic corridors in eastern South Asia- Prefeasibility analysis of renewable projects in North East India Show less

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  Climate Policy Initiative

  Aug 2022 - now

  Leading a technical assistance facility to unlock finance for clean energy enterprises, startups and projects in rooftop solar, mini-grids, micro-/pico-hydro, solar-powered EV charging, energy storage and cooling solutions Leading a technical assistance facility for unlocking finance and other enablers for enterprises and service providers engaged in productive use of renewable energy (PURE) with significant livelihood impact and mitigation potential Facilitating climate finance, energy transition and industrial decarbonisation programsManaging project preparation facilities for supporting enterprises and projects in distributed renewable energy (DRE) sector

  • Program Lead, India Clean Energy Finance (ICEF)

    Sept 2023 - now

  • Program Lead, India PURE Finance Facility (IPFF)

    Sept 2022 - now

  • Senior Program Manager

    Aug 2022 - now