Ashish Dhamija
Mumbai
Summary
Experienced Treasury professional with over 13 years of expertise in Fund Raising, Investments, and Asset Liability Management. Proven track record of effectively managing financial risks, optimizing investment strategies, and securing funding for organizational growth. Skilled in assessing market conditions, developing robust investment plans, and ensuring liquidity management. Adept at forging strong relationships with financial institutions and stakeholders to drive successful fundraising initiatives. Seeking to leverage my extensive experience and strategic acumen in treasury management to add value to a progressive organization.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Vice President Treasury
IIFL Finance
09.2025 - Current
- Leading the fund-raising via Bank Borrowings and ECB
- Managing end-to-end securitization and Direct Assignment transactions, including asset pool selection, structuring, pricing, and execution across retail loan portfolios
- Executed on-balance sheet and off-balance sheet funding transactions through DA and PTC structures to optimize liquidity, ALM, and cost of funds.
Lead Treasury , Chief Manager
PNB Housing
03.2023 - 09.2025
- Led the fund-raising via Bank Borrowings ( Short term and Long term), NHB refinance and ECB
- Raised ~ INR 15,000 Crs via Banking Borrowing and INR 5,000 Crs via NHB refinance annually
- Raised USD 350 Mn via ECB
- Drafting borrowing proposal, negotiating loan sanction terms & conditions and monitoring pre & post borrowing documentation
- Reduced the cost of borrowing by ~ 25bps on existing as well as new borrowings
- Responsible for maintaining existing banking relationships as well as onboarding new relationships
- Handled the IBOR transition for ECBs
- Managing hedging of ECB exposure via Swaps and Forwards
- Led the first OIS transaction of the company for converting Fixed rate borrowing to floating for better ALM management
DGM - Treasury
Hero Fincorp Limited
09.2021 - 03.2023
- Cash Management/Liquidity Management and Planning
- Handling Investment portfolio of ₹2000 crores in Mutual Funds (Debt), Money Market Instruments (CP, CD & T-Bills), G-Sec & Fixed Deposits
- Liquidity risk, credit risk and interest rate risk management
- Fundraising via Bank Borrowings, Commercial Paper, NCD and Direct Assignment for Hero Housing
- Led the first Direct Assignment transaction of the Company
- Preparation of ALCO presentation and ALM management
- Preparation and finalisation of Investor presentation and deck
- Finalization of monthly / quarterly / yearly Cost of Borrowing and other associated costs
- Handling auditors, RBI, internal auditors, Bank auditors in matters relating to Treasury
AVP, Lead- Treasury
Satin Creditcare Network Limited
12.2018 - 09.2021
- Cash Management/Liquidity Management and Planning
- Preparation of Monthly Cash Flow Estimates
- Analyze company cash flows forecast and make investment decisions based on findings
- Handled Investment portfolio of ₹2000 crores in Mutual Funds, Money Market Instruments (CP, CD & T-Bills) and FDs
- Pre-& Post Investment Credit Analysis of Financial Instruments
- Managing Credit Risk, Interest Rate Risk and Liquidity Risk
- Fund raising via Commercial Paper and NCD
- Preparation of necessary MIS for Top Management
- Handling all Banking and AMC relationships
- Consistently maintained ROI above benchmark
Assistant Manager, Treasury
Bajaj Auto Ltd
03.2016 - 12.2018
- Daily Fund Management and Planning
- Preparation of Daily/Monthly Cash Flows
- Managed Investment portfolio of ₹17000 crores in Liquid Funds, Income Funds and FMPs (Debt Mutual Funds)
- Hedging of Export Proceeds using Forwards and Options
- Hedge & Investment accounting as per Ind AS 109 and related notes for Balance Sheet
- Compliance with RBI Quarterly and Annual Requirements
- Preparation of necessary reports & MIS for top management.
- Implementation of Treasury Module (Investments) in SAP
- Lead inter-department (Marketing, Finance & IT) project for online booking of vehicle
- Liaison with the Banks, AMCs and auditors
Treasury Executive
Honda Motorcycle & Scooter (HMSI)
10.2013 - 03.2016
- Daily Fund Management & Planning
- Investment of Surplus Funds in FDs/MFs with portfolio size of ₹5000 crores
- Preparation of Daily Fund Position and Monthly Cash Flows Estimations & Variance Analysis and other MIS reports
- Development of Treasury Module in SAP
- Liaison with the Banks and Handling Banking Relationships
- Preparation of Bank Reconciliations
- Facilitating issuance of Bank Guarantees
- Post Shipment Export Procedure and Scrutiny of Documents (LC) as per UCP 600 and ISBP 745
- Manage Export Realizations as per FEMA Guidelines
- Track for continuous and accurate Issuance of E-Brc with 100% XOS Clearance
- Hedging of Export Proceeds & Forex Dealing using Thomson Reuter
Assistant Manager
Escorts Limited
08.2012 - 09.2013
- Monitoring day to day Fund management & Efficient Utilization of CC Limits
- Preparation and Monitoring of Cash Flows
- Facilitation of processes for amalgamation of Escorts Construction Equipment Limited with Escorts Limited
- Preparation and analysis of Treasury Related Budgets
- Preparation of MIS reports
- Facilitating issuance of LCs and BGs.
- Handling Banking Relationships and Transactions
- Bank Reconciliations and Execution of Automation of Bank Reconciliations
Education
CA -
Institute of Chartered Accountants of India
01.2012
B.Com -
University of Delhi
01.2010
12th - English
CBSE
01.2006
10th - English
CBSE
01.2004
Skills
- Fund Raising
- External Commercial Borrowings
- Bank Borrowing
- NHB Refinance
- Securitization
- Treasury - Front & Mid Office
- Asset Liability Management
- Derivatives
- Investment
- Liquidity Management
- Debt Market
Certification
Forex and Treasury Management, Institute of Chartered Accountants of India
Accomplishments
- Cleared CA Final in just 9 months without coaching
- Secured 1st position in Department for Kaizen activity and Letter of 'Exceeding Expectations' for improving yield on Investments in Honda
- Bajaj Auto Limited's youngest authorized signatory to make investments
- Rated '5' for the performance in Hero Fincorp during very first year
- 'The Stellar Performer' award for FY25 by PNB Housing
Timeline
Vice President Treasury
IIFL Finance
09.2025 - Current
Lead Treasury , Chief Manager
PNB Housing
03.2023 - 09.2025
DGM - Treasury
Hero Fincorp Limited
09.2021 - 03.2023
AVP, Lead- Treasury
Satin Creditcare Network Limited
12.2018 - 09.2021
Assistant Manager, Treasury
Bajaj Auto Ltd
03.2016 - 12.2018
Treasury Executive
Honda Motorcycle & Scooter (HMSI)
10.2013 - 03.2016
Assistant Manager
Escorts Limited
08.2012 - 09.2013
B.Com -
University of Delhi
12th - English
CBSE
10th - English
CBSE
CA -
Institute of Chartered Accountants of India