Neeraj Mital, senior managing director of New York-based Evercore Partners Inc, has joined global advisory board of Mumbai-based renewable energy company Astonfield Renewables Resources Ltd.
Mital joins Subimal Bhattacharjee, India’s country head for General Dynamics International Corporation, Viren Doshi, senior partner and the head of global energy, chemicals and utilities at Booz & Company, Karlheinz Muhr, chairman of Cenario Capital Management, a New York-based asset and risk management firm focused on the institutional market place and Shailesh Haribhakti, chairman of BDO Consulting Pvt. Ltd., the Indian arm of the world’s fifth largest accountancy network, BDO International, on Astonfield’s global advisory board.
Mital has 23 years of experience in principal investing and mergers and acquisitions. Prior to joining Evercore in 1998, he was a MD at The Blackstone Group. From 1989 through 1991, Mital was with Salomon Brothers Inc. Prior to that , Mital, a BS in Economics with Honors from The Wharton School at the University of Pennsylvania, was a certified public accountant (CPA) with Price Waterhouse.
“Neeraj’s deep understanding of capital markets and private equity are an important addition to our financial team. His leadership will play a key role in our financial strategy and fundraising efforts as we make progress toward commissioning our first 100 MW of power in India in 2013,” said Sourabh Sen, co-chairman of Astonfield Renewables.
Established in 2005 by Ameet Shah and Sourabh Sen, Astonfield Renewable Resources provides renewable energy in emerging markets. The company develops, owns and operates utility-scale solar plants. Through strategic partnerships with global technology and finance firms, Astonfield deploys renewable energy solutions in India, Africa, and the Middle East.
The company has offices in New York in the US, apart from Mumbai, New Delhi and Kolkata.
Evercore, founded in 2005, operates as an independent investment banking advisory firm and provides advisory services on mergers, acquisitions, divestitures and other strategic corporate transactions, primarily for multinational corporations and private equity firms. It also offers restructuring advice to companies in financial transition, as well as to creditors, shareholders, and potential acquirers.