Praveen Jain

A wholly owned subsidiary of Reliance Industries Ltd, manufacturing (with 28 operating plants at 2 locations)and marketing of Polyester and Textile products with a turnover of $ 1 billion &90% exports(more than 50 countries). Director Commercial ( CFO ) Heading a 95 member commercial team covering Financial and Management Accounts, Banking, Insurance, Taxation and Compliance.On the Board and the Corporate Apex Committee. Key Achievements; > Arranged working capital from Local banks of US$ 40 Mn > Arranged financial facility for project imports of US$ 25 Mn. > Got an insurance claim of ~ US$ 30 Mn in a record time of 8 months of a fire incident > Unlocking of value by sale of idle assets worth US$ 25 Mn > Zero bad debts till date.

Commercial Head - Mergers& Amalgamation in Polyester Division. Due Diligence on 6 bids across 4 countries- covering consultant appointments, analysis of financial statements,examining tax implications /incentives,bidding documents &draft agreements and site visits. Key Achievements > Successful bidding till the final round for buying of Wellman, USA , a chapter 11 company, > Played a lead Commercial role in the buying of the distressed assets of Hualon Corporation, Malaysia,through R&M (Receivers & Managers), including completing the initial formalities& transition.

Commercial Head - ( Apr’ 2002 to May’ 2006 ) Besides the commercial function, led 3 Brown field Expansions,encompassing Government approvals, Project Financing, Technology agreements extension, procurement & Contracting. Key Achievements; > Arranged Expansion Financing with 100% Debts around US$ 40 Mn from International and Local Financial institutions > Advance planning and quick decision making for fast and cost efficient project implementation. > Member of implementation team of TPM and TQM, Japanese quality management Technique. > Active involvement in Business and Marketing plans and Future Strategy documents. > Led the initiative of decanting station for carbon black distribution at 2 European locations

Relocated from Mumbai, India to Egypt to work as Lead in project division.Visited Carbon Black customers to enhance market share.Did due diligence of 3 competitors who were targets for acquisition.Worked on implementation of Acrylic Fiber project. Key Achievements; >Successful Bidder for takeover of Portugal Carbon Black plant. > Arranging of Approvals, Financing arrangement including Shareholders agreement, Technology and DEC agreements for Acrylic Fiber project.

General Manager , Fast track rise to General Manager in 3 years.Leader for Egypt Carbon black Project- covering Central Bank approval, Negotiating and finalising orders for equipment's from India, Co-ordinating with Detailed Engineering firm, requirements of staffs for the overseas assignment. Key Achievements; > Handing of Multiple tasks for Project at a time with a small project team > Timely dispatch of long delivery equipment's

identification of location, project report preparation, Government approvals for a new Textile manufacturing company.

Accounts Manager Maintaining and finalising books of accounts, Bank coordination for limits,filing of returns ETC