Gautam Saran

Gautam Saran is a Partner in the Cyril Amarchand Mangaldas’ Mumbai office. With over 12 years of experience, Gautam is a part of the firm’s Projects & Project Finance team based out of our Mumbai office.

Gautam has extensive experience in project financing, banking and has advised banks and financial institutions in India and overseas on a broad range of financing transactions including project financing, EV, lease rental discounting, co-lending, construction financing across various sectors including solar, wind, roads, warehousing, malls etc. He joined Cyril Amarchand Mangaldas in 2019.

Relevant Experience:

A consortium of lenders comprising Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, Axis Bank Limited and International Finance Corporation in relation to financial assistance availed by 3 (three) special purpose vehicles incorporated by Greencell Mobility Private Limited, for the operation of intra-city electric buses, related charging infrastructure and depots across various cities in the States of Madhya Pradesh, Bihar and Puducherry, under the PM E-Bus Sewa scheme. The transaction was recognised as the Asset Triple A Sustainable Infrastructure Finance’s Transport Deal of the Year (E-Mobility) – 2026.
Sumitomo Mitsui Banking Corporation in relation to financial assistance aggregating to INR 96,00,00,000 availed by Tirthankar City Bus Operations Private Limited (a Greencell group entity) for operation and maintenance of 175 intra-city electric buses, related charging infrastructure and depots across various cities in the State of Uttar Pradesh.
Sumitomo Mitsui Banking Corporation as lender’s counsel in relation to financial assistance aggregating to INR 149,91,00,000 availed by Shyama Shyam P1 City Bus Operations Private Limited and VSK City Bus Operations Private Limited (both Greencell group entities) for operation and maintenance of 350 intra-city electric buses, related charging infrastructure and depots by the borrowers across various cities in the State of Uttar Pradesh.
Advised a broad syndicate of lenders on the USD 730 million green refinancing of a 320MW “Round the Clock” hybrid renewable energy project developed by Renew Surya Roshni Private Limited (a Renew group entity), located across Rajasthan, Maharashtra and Karnataka, the project combines wind, solar and battery storage to deliver reliable, dispatchable renewable power. The financing was led by Standard Chartered Bank, Société Générale (GIFT City), Sumitomo Mitsui Banking Corporation (Singapore) and Bank of America.
Standard Chartered Bank in relation to financial assistance aggregating to INR 57,60,00,000 availed by GreenCell Surat Private Limited (a Greencell group entity) for operation and maintenance of 150 intra-city electric buses, related charging infrastructure and depots by the Borrower in the State of Gujarat.
Aseem Infrastructure Finance Limited and Bank of Maharashtra (Lenders) in relation to the financial assistance extended by the Lenders to Blackstone SPVs inter alia for the purposes of construction and re-development of government-owned facilities into Grade-A warehousing facilities pursuant to the terms of a 45-year long concession arrangement with Central Warehousing Corporation. This deal is one of the first concession-based financings availed by the Blackstone group. The deal won Asset Triple A Sustainable Infrastructure Finance‘s PPP Deal of the Year – 2026.
Acted as legal counsel in relation to the financing availed by Renew Hans Urja Private Limited, by way of a yen-denominated external commercial borrowing, in relation to the development, operation and maintenance of 600 MW (AC) capacity solar photo voltaic generation facility in Jaisalmer, Rajasthan. The deal won the PFI’s India Deal of the Year 2024.
Acted as Borrower’s counsel in relation to the availing of a term loan facility for an aggregate principal amount of up to Rs. 3400,00,00,000 by Sustainable Energy Infra Trust, India’s largest renewable energy trust sponsored by 2726522 Ontario Limited and Mahindra Susten Private Limited, from Axis Bank Limited, Kotak Mahindra Bank Limited and India Infrastructure Finance Company Limited.
A consortium of lenders comprising of State Bank of India, NIIF Infrastructure Finance Limited and Credit Agricole Corporate and Investment Bank in relation to financial assistance aggregating to INR 1285,00,00,000 availed by ABC Renewable Energy (RJ-01) Private Limited (a Brookfield group entity).