Deepak Asher a Short Profile

DEEPAK ASHER – A SHORT PROFILE

Mr Deepak Asher graduated in Commerce and Law, and thereafter took up Chartered Accountancy and Cost Accountancy as professional qualifications. He is presently a fellow Chartered Accountant and an Associate Cost Accountant. He has been working for the Inox Group of Companies, a US $ 3 billion business group, for the past twenty five years now. He is the Director & Group Head (Corporate Finance) for the Group, and heads its growth strategy and corporate finance functions. He sits on the Boards of around 10 companies. Mr Asher’s functional area of expertise is Corporate Finance and Business Strategy. His responsibilities include identifying and implementing new business opportunities in line with the growth targets for the Group. Mr Asher has pioneered the Clean Development Mechanism (CDM) Project Development of Gujarat Fluorochemicals Limited. GFL’s CDM Project was the first in the world to seek registration under the United Nations Framework Convention of Climate Change. The Project, amongst the largest in the world, was operational for more than 6 years, and reduced more than 55 million tonnes of carbon dioxide emissions, contributing significantly to the environment, as well as earning the company carbon credits in excess of Rs 3,500 crores. Besides, Mr Asher has set up the Inox Group’s entertainment business. Operated under the Inox brand of multiplexes, this is amongst India’s largest and most premium multiplex brand. Mr Asher has grown this business organically and through acquisitions. Mr Asher is a member of the Entertainment Committee of the Federation of Indian Chambers of Commerce and Industry, and the founder President of the Multiplex Association of India. Mr Asher has been elected to this post continuously since the past 12 years. Mr Asher is now working on the Inox Group’s growth and diversification strategy in the renewable energy space, and is steering the Group’s ambition to set up India’s largest and most profitable renewable energy business. Inox Wind, has already emerged as one of the most significant players in the turnkey wind farm development business, and is expected to launch an Initial Public Offering in the next few months.