PROSANTA KUMAR RAY
Founder & Strategic Advisor | GRPVS
Business Leader | Finance, Investment, Valuation, Governance & Sustainability
EXECUTIVE PROFILE
Senior finance and business leader with more than four decades of experience across manufacturing,
fertilisers, mining, steel, IT/ITES, consulting and professional services. Career experience spans
financial management, project finance, strategic planning, business transformation, valuation,
governance and senior executive leadership, including roles as Executive Director (Finance),
Managing Director — India Operations, Group Chief Financial Officer and Founder & Director.
His experience combines financial depth with strategic and business perspective, particularly in
situations requiring the integration of finance, investment, operations, governance and
sustainability.
PROFESSIONAL EXPERIENCE
- Grand Ray Consultancy & Professional Services — Founder &
Director | 2022–Present
- MAS Tech Consulting DMCC — Group Chief Financial Officer |
2022–2023
- Catalyst Business Solutions Pvt. Ltd. — Managing Director — India
Operations / VP Finance, Global Operations | 2005–2015
- Pyrites, Phosphates & Chemicals Ltd. (PPCL) — Executive Director
(Finance) | 1998–2005; Dy. General Manager (Finance) | 1987–1995
- Indian Farmers Fertilizer Cooperative Ltd. (IFFCO) — Senior Manager
— Project Finance; Assistant Manager — Accounts
- Earlier career — Bharat Wagon & Engineering Co. Ltd.; SAIL, Durgapur;
Tata Iron & Steel Company Ltd. (TISCO)
SELECTED PROFESSIONAL CONTRIBUTIONS
- Project Finance & Implementation — Worked on major fertiliser projects including the
₹1,190 crore IFFCO Phulpur Expansion Project, comprising 2,200 TPD urea, 1,350 TPD ammonia and
an 18 MW coal-based power plant.
- International Financing — Worked on financing involving IDBI, OECF/Japan and World Bank,
including involvement in finalisation of a US$152 million World Bank loan agreement.
- Corporate Transformation — Developed corporate restructuring and long-term viability
initiatives at PPCL, linking production, budgets, cash flows, working capital and credit
management.
- Project Development — Worked on the Amjhore pyrite-based sulphuric acid project using
Lurgi GmbH technology, with FEDO and PDIL consultancy support.
- International Business & Transformation — At Catalyst, worked across strategic
planning, alliances, project closure, contract evaluation, project financing, transfer pricing
and international operations.
- Business Model Innovation — Developed a Data Centre Services Pricing Model integrating
financial and commercial considerations.
QUALIFICATIONS
Professional: FCMA — India | FCMA — UK | CGMA
Academic: M.Sc. Environmental Change & Sustainability — O.P. Jindal Global University | MBA
— Valuation — University of Ljubljana, Slovenia (UNDP Fellowship) | M.Com. | B.Com.
(Hons.) — University of Calcutta
SELECTED EXECUTIVE EDUCATION & CERTIFICATIONS
CFO Programme — IIM Calcutta | Financial Modelling & Valuation — ICMAI | Valuation
& Corporate Governance — IICA | Climate Risk, Valuation & Investing — CFA
Institute | Net Zero Strategist — IICSR | Carbon Blockchain & Markets — IICSR | ESG
& Enterprise Valuation — ICMAI | Carbon Accounting, MRV & Trading — CSE |
FinTech and AI & Analytics in Valuation — ICMAI / ICMAI RVO | Business & Biodiversity
Conservation — IICA
PROFESSIONAL POSITIONING
Finance professional evolved into a business leader, project-finance practitioner and strategic
advisor, integrating finance, sustainability and climate perspectives into long-term value creation.
PERSONAL & CONTACT Nationality: Indian | Based: Kolkata,
India | Engagement: India & International | Languages: English, Hindi,
Bengali