Industry Experience
21 years

Shubhomoy Ray

Managing Director and CEO

Shubhomoy Ray has over two decades of experience in investment banking and project financing in the infrastructure and energy sector. He has cumulative experience of having worked on financing transactions of coal, gas and hydro power projects exceeding several thousands of megawatt in capacity in several countries in Asia and Africa. Prior to co-founding Finnacle, Shubhomoy worked with in Fieldstone Capital Services, India for five years during which period he was involved in various IPP financing assignments in South Asia, including advising US Exim Bank on debt underwriting in a 1,500 MW transactions in Gujarat and administering the Power Development Fund of the World Bank in Nepal, jointly with a leading Nepalese bank. In the World Bank assignment, he was responsible for developing, in consultation with the Government of Nepal and the World Bank, the management guidelines, investment policies, due diligence benchmarks and reporting system for the US$30 million Power Development Fund, as well as leading the due diligence on the projects considered for sanction of credit. Before joining Fieldstone, Shubhomoy worked with ABB Financial Services and Fitch Ratings (India) Private Ltd, where he was involved in structuring and rating of several structured solutions in South Asia. Shubhomoy graduated with Honors in Physics from Presidency College, University of Calcutta and has a PGDM from International Management Institute, New Delhi, under academic affiliation with IMD International, Lausanne, Switzerland. He is a frequent speaker at various industry forum and contributor to several published research and articles.

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