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Inder Preet Singh — Vice President - Commercial · Dalmia Group Holdings · Delhi, India.
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About
An overall experience of 20+ years with 17+ years in Real Estate Sector - Investment Analysis and Management, Project Management, Debt Restructuring, Negotiation, PE Exits, Contracts, Litigation
Experience
Vice President - CommercialCurrent
Dalmia Group Holdings · Delhi, India
Oct 2016 – Present
Working directly with the Promoter family and responsible for managing investments in Real Estate sector, across NCR / Mumbai Maintaining Promoter/CFO level relationships across borrower/investee entities. Restructuring/Exits • Secured exits for Mauritius based PE funds having equity interests across India. • Restructuring of outstanding debt to ensure upfront recovery, better commercial terms, strong documentation and perfection of security for the balance dues. • Resolution of a debt-ridden company through Corporate Insolvency Resolution Process. • Settlements with developer/borrower entities. Apart from commercial negotiation, it includes drafting/reviewing Term Sheet, Settlement Agreement, Due Diligence etc. • Partnership with NCR based developer by putting together a Joint Venture in place. • Monetization of various in-house investments through joint developments, outright sale. Investment Management • On the Investment Committee of a Category-II Alternate Investment Fund. • Review of investment proposals: Includes analyzing deal parameters such as security cover, structuring, due diligence reports (technical/financial/legal), cash flow projections etc. • Regular monitoring of assets including comparison with forecasted business plan, compliance of contracted covenants / assurances, review of budgets, ageing analysis of receivables etc. Litigation • Handled prolonged and multi-faceted litigations in Hon’ble NCLT, EOW, Hon’ble Delhi High Court, Hon’ble Supreme Court. Included being a single point in-house contact for the counsels, providing commercial inputs, review of pleadings, briefing of counsels etc. • Pursued recovery of dues through Arbitration mechanism with a NCR based Developer. • Types of litigation handled includes insolvency petitions under IBC 2016 , Arbitration and Conciliation Act, oppression and mismanagement petitions, criminal complaints for siphoning off of funds / illegal liquidation of assets / dishonor of cheques etc.
Business Coordination / Planning (DGM) at DLF
DLF Limited · New Delhi Area, India
Aug 2010 – Oct 2016
Business Planning and Co-ordination, Strategy, P&L and Cash Flow Management, Investment Analysis, Project Reviews, Budgeting, Compliance Business Planning & Monitoring - Responsible for coordinating overall Annual Business Planning for the entire geographical vertical including sales projections, pricing, cash inflows, marketing costs, construction & approval outflows, net profit etc. Conduct periodic and extensive business (sales, net cash flows, profit etc.) and project reviews to ensure team’s alignment to quarterly targets. Risk Assessment and Mitigation – Continuously monitor financial performance to unearth possible risks and derive strategies in consultation with senior management to ensure on-track performance. Ownership of Project Budgets – Creation / updation of individual project budgets incorporating overall inventory, product pricing, land & construction costs, finance & promotional costs, overheads, contingencies etc. Market Research – Get regular market research done to ensure that product offerings and pricing are in line with market and end-customer expectations and avert demand-supply mismatch. Sales and Marketing - Review of marketing collaterals such as buyer’s agreements, customer communications, pricing strategy, payment plans etc. Regular updation of payment plans throughout the project lifecycle. Compliances - Monitoring, reviewing and audit of all internal and external compliances. Ensure that conditions stipulated in statutory approvals are adhered to by functional teams. Site Reviews – Conduct regular on-site construction reviews with 3rd party project managers and contractors to prevent any cost outruns / time delays. Valuations – Work closely with finance team to project cash flows for ongoing projects / dormant assets and prepare presentations for prospective investors.
Education
Skills
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