A member of Institute of Chartered Accountants of India and an MBA from the Faculty of Management Studies, University of Delhi, Samir Ashta comes with over 26 years of rich experience in project finance, treasury, investment & risk analysis, accounting & taxation and policies & compliances. He has held several leader¡ship roles at large engineering, chemical and paint companies in India, including Escorts, ICI and Demag Cranes. Since 2007, he has been with CLP India as Director of Finance and Chief Financial Officer. In this role, Ashta is responsible for managing all aspects of company’s financial operations and commercial procurement function that supports all of CLP’s businesses in India.
He believes in guiding thoughts and discussions in a direction that aligns with the larger business goals. The most memorable and challenging assignment for Ashta has been the financing of CLP India’s latest green field 1,320 MW coal-fired power project at Jhajjar in Haryana. The financing process for this project started in September 2008, which was soon after the meltdown of the financial markets across economies that had made financial institutions averse to lending money. During this period, the Indian Rupee became volatile and added significantly to the challenges at hand then. This project eventually emerged as one of the first power projects in India to get foreign currency borrowing at very attractive rates and in a very short span of time.
He spends most of his free time with his family. He is also keen in exploring various cultures across India and overseas and manages to visit at least one new place a year.
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