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Daanish Varma

Daanish Varma

Director, Yes Bank

Daanish is a Director in the Sustainable Investment Banking (SIB) team at YES Securities, a 100% subsidiary of YES Bank.

YES Bank is India’s 5th largest private sector bank with a balance sheet size of USD 20 Bn and a listed market capitalization of USD 5 Bn. Since its founding in 2004, YES Bank has had a very strong commitment towards sustainability and have taken a leadership role in financing renewable energy in India. So far we have funded over 3,500 MW of renewable energy capacity in India (1800+ MW Wind, 1500+MW Solar).  YES Bank was the only Indian bank to receive the Karlsruhe Sustainable Finance Award for “Outstanding Sustainable Project Financing”, second year in a row, in June 2014 and have also received the prestigious “Best Wind Power Project Financier” award from World Institute of Sustainable Energy (WISE) in 2011. YES Bank also raised USD 165 Mn in India’s First ever Green Bond Offering in March 2015. In August 2015, YES Bank also raised India’s first ever “Masala” Green Bond on the London Stock exchange in partnership with IFC. At the COP21 climate summit in Paris in December 2015, YES Bank has committed to raise USD 5 Bn towards climate finance in India by 2020.

Sustainable Investment Banking (SIB) practice is a knowledge focused initiative of YES Bank which focuses on providing Investment Banking & advisory services to businesses operating in the area of renewable energy, environmental services and social & financial inclusion. As part of the investment banking team, we offer the full bouquet of corporate finance services including M&As (Domestic & Cross Border), private equity fund syndication, joint venture advisory, equity capital markets (IPOs, follow on fund raising), technology transfer and commercialization advisory. SIB has successfully concluded more than 32 transactions in the sustainability space cumulating to a transaction value of over USD 7 Bn.

Daanish has over 12 years of experience in business consulting & corporate finance in renewable energy, power, & infrastructure sectors. In his current role as a renewable energy specialist with SIB, Daanish has been involved in multiple transactions including successful for sale of two operational wind assets, IPO for a wind turbine company and a successful green bond raise. Daanish has been a frequent speaker at various renewable energy conferences and was part of the core team at YES Bank in its role as a knowledge partner for RE-INVEST 2015, the first renewable energy global investor meet organized by the Ministry of New & Renewable Energy (MNRE), Government of India.

 

 

 

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  • eee
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  • ecowaste