SPEC Finance
SPEC Finance is a dynamic Non-Banking Financial Company (NBFC) strategically located at GIFT City, Gujarat, India. We are committed to fostering inclusive growth by providing innovative and accessible financial solutions to businesses across diverse sectors.
SPEC Finance has been established with the objective of focusing on financing and investing in the emerging markets with special focus in BRICS countries.
Tailored financing solutions for business growth and expansion
Global trade solutions and international banking services
Empowering the EV Ecosystem Cultivating a Sustainable Future
Comprehensive Investment Banker and advisory services
SPEC Finance, a leading Non-Banking Financial Company (NBFC) strategically located at GIFT City, India, empowers businesses across the BRICS nations and beyond with innovative and customized lending solutions. We leverage our robust balance sheet to provide both secured and unsecured loans, catering to the diverse needs of corporate clients.
Sectoral Expertise: While we are sector-agnostic, we hold a keen interest in propelling growth in high-potential sectors:
Manufacturing: We recognize the critical role manufacturing plays in economic development. We offer tailored loan products to support expansion, modernization, and acquisition of advanced technologies within the manufacturing sector.
Electric Vehicles (EV): As the world transitions towards sustainable mobility, we are committed to financing the future of transportation. Our EV-focused lending solutions empower businesses involved in EV manufacturing, battery technology, and charging infrastructure.
Beyond the Sectors:
Our expertise extends beyond these focus areas. We are open to exploring opportunities across various sectors, provided they present a compelling business proposition.
Leveraged Buyout (LBO) Expertise:
For qualified corporate clients, we offer expertise in structuring complex financing solutions like Leveraged Buyouts (LBOs). LBOs allow businesses to acquire target companies by utilizing a combination of debt and equity financing. This approach can be a powerful tool for strategic acquisitions and growth.
Advantages of Partnering with SPEC Finance:
Unlocking Your Growth Potential:
SPEC Finance is your trusted partner for achieving your business goals. Our comprehensive lending solutions, combined with our industry expertise and commitment to client service, make us the ideal choice for companies seeking to accelerate their growth trajectory.
The global trade landscape is undergoing a dynamic transformation. Disruptions in traditional supply chains necessitate innovative solutions. At SPEC Finance, a leading Non-Banking Financial Company (NBFC) based in GIFT City, India, we stand poised to become a key player in facilitating seamless international trade, with a focus on the BRICS nations.
Factoring: A Cornerstone of Our Strategy
Factoring serves as a cornerstone of our approach, providing businesses with immediate liquidity by purchasing their accounts receivable. This empowers them to manage cash flow effectively, invest in growth, and navigate disruptions with greater resilience.
Local Currency Focus for Efficiency and Speed
Recognizing the importance of efficiency and speed in today’s globalized world, we prioritize working in local currencies within the BRICS region (Brazil, Russia, India, China, South Africa). This streamlined approach eliminates the need for foreign exchange conversions, reducing transaction costs and delays.
Building Capital Reserves in BRICS Countries
To further strengthen our presence within the BRICS region, we are actively pursuing strategies to raise capital reserves:
By pursuing these initiatives, we aim to:
Partnering for Global Trade Success
At SPEC Finance, we believe in forging strong partnerships that empower businesses to thrive in the evolving global marketplace. Our commitment to BRICS economies, coupled with our focus on innovative solutions like factoring and local currency transactions, positions us as your ideal partner for facilitating successful international trade.
At SPEC Finance, we are committed to advancing Green Finance Solutions that foster inclusive, environmentally responsible growth across the globe, with a focused approach toward BRICS+ countries. Our sustainable finance offerings are designed to support projects and enterprises that drive clean energy, climate resilience, low-carbon infrastructure, and socially impactful development. By aligning our lending practices with international ESG standards and climate goals, we empower governments, institutions, and businesses in emerging markets to access tailored financial solutions that not only fuel economic growth but also ensure long-term environmental sustainability.
At SPEC Finance, a leading Non-Banking Financial Company (NBFC) strategically located at GIFT City, India, we recognize the vital role innovative financial solutions play in fueling entrepreneurial dreams and business growth. Our dedicated Investment Banker team is here to bridge the capital gap for promising businesses across diverse sectors.
Empowering Entrepreneurs and Businesses:
Whether you’re a dynamic startup seeking seed funding or an established company aiming for strategic expansion, our Investment Banker services are designed to empower your growth journey. We act as a trusted partner, offering comprehensive solutions to meet your specific capital needs:
Debt & Equity Syndication:
We leverage our extensive network of investors to syndicate debt financing and equity placements through private placements. This allows you to raise the required capital efficiently, without diluting ownership excessively.
Strategic Deal Making:
We serve as your “deal maker,” identifying and connecting you with the right strategic partners who can contribute not just capital, but also valuable expertise and market access.
Sector-Agnostic Approach:
We understand that groundbreaking ideas can emerge from any sector. Our team possesses the expertise to evaluate opportunities across diverse industries, ensuring no promising ventures are left behind.
Comprehensive Advisory Services:
We go beyond simply facilitating capital access. We offer strategic advisory services, including capital restructuring and M&A facilitation, to help you navigate complex financial decisions and achieve your long-term goals.
Unlocking Your Growth Potential:
At SPEC Finance, we are passionate about connecting exceptional businesses with the resources they need to thrive. Our Investment Banker services bridge the gap between ambition and achievement, empowering you to unlock your full growth potential.
Mr. Umang serves as a System Administrator at SPEC Finance (IFSC) Pvt. Ltd.,, where he supports the organization’s technology infrastructure.
Driven by a strong educational background (BCA) and continued interest in cybersecurity, networking, and system administration, he remains focused on building a specialized and future-ready career in technology.
He is passionate about optimizing IT operations, improving system security, and ensuring reliable infrastructure performance across the organization. With a proactive learning mindset, he continuously explores emerging technologies and industry best practices to enhance his technical expertise and contribute effectively to organizational growth.
Mr. Eeshwar serves as a IT Engineer at SPEC Finance (IFSC) Pvt. Ltd.,, where he supports technology-driven projects with a learning-oriented and disciplined approach.
He is currently pursuing his Bachelor’s degree in Computer Science and Engineering with specialization in Cyber Security from SRM Institute of Science and Technology. Driven by a strong interest in software development and cybersecurity, he remains committed to continuous learning and professional growth.
He is always up for the practical exposure the organization provides. Very well-versed in the IT ecosystem of the company, he values the opportunities to learn, develop new skills, and gain hands-on experience in a professional environment.
Ms. Sonam Sharma serves as a Document Executive at SPEC Finance (IFSC) Pvt. Ltd.,, where she supports documentation functions with dedication and a professional approach.
She holds a B.Com (Honours). Driven by the aspiration to achieve higher levels in the corporate sector, she remains committed to continuous learning and professional growth.
Her association with SPEC Finance reflects her appreciation for the valuable learning environment the organization provides. She values the opportunities to strengthen her corporate knowledge and gain practical business exposure. Working at SPEC Finance also supports her continuous growth within a dynamic and professional setting.
Mr. Arjun serves as Executive Assistant to the Principal Officer at SPEC Finance (IFSC) Pvt. Ltd.,, where he supports effective communication between the team while maintaining the hierachy.
He completed his Bachelor of Commerce and developed a sound understanding of finance, business operations, and administrative coordination through his academic background and professional exposure.
It helps SPEC Finance by ensuring smooth coordination of key executive, administrative, and operational matters. His role supports timely follow-ups and organized execution of important tasks hand in hand with the top management, which strengthens internal efficiency and decision-making. With a disciplined and growth-oriented approach, he contributes to the company’s day-to-day effectiveness and overall business support functions.
Mr. Bhaskar Chaugule serves as the Director and Chief Technology Officer of SPEC Finance (IFSC) Pvt. Ltd., where he provides strategic leadership in shaping the Company’s technology vision.
He has completed advanced studies in Artificial Intelligence from The University of Texas and further pursued technical and analytical learning at IIT Roorkee. He holds formal education in International Business from NMIMS, Mumbai, building a strong foundation in global business strategy and market dynamics. He has also studied Cyber Law at Government Law College, Mumbai, strengthening his understanding of regulatory frameworks and governance in the digital and financial ecosystem.
He is a seasoned technology and business leader with extensive experience in digital transformation, enterprise solutions, and strategic business development. As Founder & Director of Navsya Technologies Pvt. Ltd., he has led business expansion across India and multiple international markets. His expertise in technology, partnerships, and innovation-driven solutions brings strong strategic value and supports sustainable business growth.
Mr. Bhaskar Chaugule plays a key role in driving SPEC Finance’s innovation-led growth by integrating advanced technologies to build scalable, efficient, and future-ready financial solutions. He is committed to leveraging Artificial Intelligence and blockchain to develop inclusive and impactful solutions that advance financial innovation.
Mr. Hartej Singh serves as the Trade Finance Manager at SPEC Finance (IFSC) Pvt. Ltd., where he plays an important role in strengthening the Company’s trade finance capabilities and supporting its growth within the evolving global financial landscape.
He holds a B.Tech degree from I.P. University. His academic and professional background reflects a strong blend of technical understanding, financial acumen, and practical experience in managing complex trade finance structures and cross-border financial operations.
With over ten years of experience in commodity trade finance, he brings strong expertise in executing end-to-end trade finance transactions, managing global banking relationships, overseeing cash flow strategies, and handling foreign exchange hedging.
At SPEC Finance, Mr.Hartej Singh adds strategic value through his deep expertise in trade finance, disciplined execution, and strong commercial insight. His experience strengthens the Company’s ability to deliver responsive and well-structured financial solutions across markets. His association with GIFT City further aligns with SPEC Finance’s global outlook and long-term growth ambitions.
Mr. Dheeraj Baghel serves as the Chief Compliance Officer at SPEC Finance (IFSC) Pvt. Ltd., where he plays a vital role in strengthening the Company’s compliance framework and supporting sound regulatory governance. He contributes to upholding the Company’s commitment to integrity, accountability, and adherence to regulatory standards within a dynamic and evolving financial environment.
At SPEC Finance, his role is integral to fostering a culture of compliance, supporting institutional discipline, and reinforcing the regulatory foundation essential for sustainable growth.
Mr. Dheeraj Baghel values his association with GIFT City for the new exposure and unique challenges it brings to the Indian financial sector. He views its globally aligned and progressive environment as an important platform for expanding professional perspectives and contributing to a more future-ready financial landscape.
Mr. Zaid Boghra serves as an Accountant at SPEC Finance (IFSC) Pvt. Ltd., where he supports the Company’s accounting and financial operations.
He has a Bachelor’s of Commerce from Gujarat Commerce College With a long-term aspiration to become an entrepreneur and create meaningful social impact through charity, education, and value creation, he brings both purpose and ambition to his professional journey. His association with GIFT City further reflects his interest in exploring opportunities in compliance and law while benefiting from its dynamic, growth-oriented, and intellectually enriching environment.
At SPEC Finance, Mr. Zaid Boghra adds value through his practical accounting experience, disciplined approach, and commitment to continuous learning. His academic background in commerce and strong interest in compliance and law support his professional growth within the organization.
Mr. Atul Limbad serves as the Vice President, Banking at SPEC Finance (IFSC) Pvt. Ltd. and brings over 22 years of professional experience, including 16 years in the banking sector. With his extensive banking expertise, industry knowledge, and strong understanding of financial markets, he plays an important role in strengthening the Company’s banking capabilities.
He holds a Bachelor’s Degree in Business Administration with specialization in Marketing His academic background, combined with his broad professional experience, reflects a strong foundation in business development, client relationship management, and financial services.
At SPEC Finance, Mr. Atul Limbad adds significant value through his strong banking experience, market understanding, and ability to support relationship-led business growth. His commercial insight and banking-focused approach contribute to the Company’s credible and forward-looking growth journey.
Mr. Jignesh Nimbark serves as General Manager at SPEC Finance (IFSC) Pvt. Ltd. and is a results-driven management professional with over 19 years of extensive experience in marketing, business development, channel management, and financial services.
He holds a degree in Business Administration from NIM Bombay. His professional journey reflects a deep understanding of market dynamics, relationship management, and business expansion.
At SPEC Finance, Mr. Jignesh Nimbark adds significant value through his extensive experience in driving business growth, strengthening capital market presence, and supporting strategic development initiatives. His commercial insight and business-focused approach contribute to the Company’s dynamic and forward-looking growth journey.
Ms. Rinku Chauhan works as a Document Executive at SPEC Finance (IFSC) Pvt. Ltd., where she efficiently handles client coordination and documentation tasks with a dedicated and growth-focused mindset.
She holds a Bachelor’s degree in Commerce and has a keen interest in expanding her skills within the finance sector. Committed to continuous learning, she actively takes on additional responsibilities to enhance her professional development. She also plays an important role in maintaining accurate and up-to-date records for all departments, which are vital for meeting regulatory requirements.
Ms. Rakshali Suhagiya serves as a Financial Analyst at SPEC Finance (IFSC) Pvt. Ltd., where she contributes through her expertise in financial modeling, forecasting, business valuation, and research analysis.
She holds a B.Com from Gujarat University and an MBA in Finance from Som Lalit Institute of Management Studies, Ahmedabad, reflecting her strong academic foundation in finance. Driven by the ambition to become a leading professional in the financial sector, she is committed to supporting sustainable financial solutions that empower businesses and communities. She values the continuous learning and growth opportunities the organization offers in the financial sector.
Mr. Tushar Rathod serves as a Document Executive in the Accounts and Banking Department at SPEC Finance (IFSC) Pvt. Ltd., where he supports the handling and coordination of financial and banking-related documentation.
He completed his graduation in Arts & Commerce, which has supported the development of his communication skills, disciplined approach, and documentation acumen.
His experience is effectively utilized in managing financial and banking documentation, maintaining accurate records, supporting internal coordination, and ensuring smooth process flow intra and inter department. His disciplined approach and focus on structured documentation also contribute to operational efficiency and compliance support at SPEC Finance.
Rajendra Patel currently works in General Administration at SPEC Finance (IFSC) Pvt. Ltd., where he is also entrusted with diverse responsibilities, including market and sector analysis.
With BBA in his pocket, he has developed a strong academic foundation in business and management, supporting his continued growth in the finance sector.
At SPEC Finance He is driven by a long-term aspiration to build a strong career in the finance sector through continuous learning, self-improvement, and meaningful contribution.
Mr. Rajeshkumar Surani is a seasoned Banking and Finance professional and serves as the Principal Officer at SPEC Finance (IFSC) Pvt. Ltd.. He brings extensive financial insight, and a governance-oriented approach that strengthens the Company’s institutional framework.
He holds an MBA in Finance, and further completed an Executive Diploma in Banking and Accounting from Nirma Institute of Management Studies in 2000. His academic and professional background reflects a strong blend of analytical discipline, financial expertise, and structured decision-making.
At SPEC Finance, Mr. Rajeshkumar Surani brings significant value through his deep understanding of banking and financial systems, his prudent approach to governance, and his commitment to building a strong and credible operational foundation. His presence contributes to the Company’s focus on responsible growth, regulatory discipline, and the development of a resilient financial institution within the evolving IFSC ecosystem. His association with GIFT City reflects his appreciation for its progressive and emerging environment, which provides a distinctive platform to contribute with vision, purpose, and institutional perspective.
Ms. Pratigya Shroff serves as the Company Secretary at SPEC Finance (IFSC) Pvt. Ltd., where she plays an important role in supporting the Company’s governance, compliance, and legal framework. With a strong academic foundation in finance and an ongoing pursuit of legal studies, she brings a disciplined and forward-looking perspective to her role within the organization.
She completed her Bachelor’s in Commerce with specialization in Finance from Ahmedabad University and is currently pursuing a Bachelor’s in Law. Her academic background reflects a thoughtful combination of financial understanding and legal orientation, enabling her to contribute effectively to corporate governance and regulatory compliance functions.
At SPEC Finance, Ms.Pratigya Shroff adds significant value through her strong foundation in finance and law. Her legal and regulatory focus contributes to the Company’s responsible and forward-looking institutional development.Her association with GIFT City reflects her alignment with its evolving international financial ecosystem, professional learning opportunities, and long-term value creation vision. She values the platform it offers to explore compliance and law in international finance while supporting the Company’s broader growth journey.
Mr. Rahulkumar Sutariya serves as the Executive Assistant to the Director at SPEC Finance (IFSC) Pvt. Ltd., where he supports executive coordination, administrative efficiency, and strategic alignment across key functions.
He holds a B.Com and is known for his quick thinking and ability to align operations with business goals. He works towards the effective and seamless communication of the management with the team.
His association with SPEC Finance reflects his appreciation for its professional environment and strong growth-oriented culture. He values the dynamic ecosystem the organization offers, along with the opportunities for continuous learning and collaboration.
I am a Techno-Finance professional.
I have done B.Sc. (Maths) from college H & HB Kotak Institute of Science, Rajkot, Gujarat, and PG Diploma in Data Processing from BHAVAN’s Institute of Communication and Management, Chaupati, Mumbai. And pursued an MBA in Finance/Marketing from SMU, DE, Manipal.
One of my favourite books is The One Minute Manager.
I am working as a Chief Operations Officer at SPEC. SPEC is an ethics and values-driven organization that aligns wholly with the great global vision of Prime Minister Modi in creating GIFT City.
I like working in GIFT City because I believe GIFT City will provide lots of opportunities for Global Business and generate numerous job opportunities for the young generation, and I would like to contribute to the development of GIFT City in the best possible manner I can.
Mr. Dhroov Chauhan serves as a Manager – Investment research and amalytics at SPEC Finance (IFSC) Pvt. Ltd., where he contributes through his expertise in strategic growth, client management, and solution selling. He brings a proactive approach to identifying business opportunities and building meaningful client relationships. With experience across diverse sectors, he supports the Company’s growth initiatives with a strong focus on collaboration, value creation, and long-term business development.
A graduate of the TERI School of Advanced Studies, New Delhi, he brings valuable experience in working with both Government and Commercial clients across India, with a strong track record of exceeding business targets and building impactful collaborations with the Government. Passionate about creating meaningful business opportunities, he remains committed to contributing to sustainable growth and long-term value creation.
His association with SPEC Finance reflects his appreciation for its dynamic and forward-looking work environment. He values the culture of ambition, innovation, and collaboration that the organization promotes.
Mr. Aryan Sharma serves as the Manager – Operations at SPEC Finance (IFSC) Pvt. Ltd, where he contributes through his strong foundation in both technical and commercial domains. He brings a dynamic approach to leadership, business development, and strategic relationship management. With diverse professional experience and a growth-oriented mindset, he plays an important role in supporting the Company’s expansion simultaneously maintaining general discipline and Culture.
He’s a graduate of Panjab University, Chandigarh, and a certified technical professional, he has worked with Government and Commercial clients across India in liaisoning, product management, business development, and customer relations. His journey reflects a passion for building strong partnerships, creating business opportunities, and contributing meaningfully to organizational growth.
His professional journey reflects a strong commitment to building lasting partnerships and driving meaningful business growth. He remains dedicated to contributing to the continued progress and success of SPEC Finance.
Mr. Het Joshi serves as a System Administrator at SPEC Finance (IFSC) Pvt. Ltd., where he contributes through his strong foundation in information technology, system support, and infrastructure management.
He has completed his Bachelor of Computer Applications (BCA), which provided him with a strong foundation in computer applications, networking, operating systems, and information technology.
He helps SPEC Finance by supporting the day-to-day stability, security, and efficiency of its IT environment, which is essential for smooth business operations in a regulated financial company. Company’s published responsibilities for IT support include IT setup, user accounts, security updates, application access, network assistance, and system maintenance, all of which directly support uninterrupted work across the organization.
Ms. Vibhuti serves as an HR professional at SPEC Finance (IFSC) Pvt. Ltd. where she contributes through her strong background in human resources and people management. She supports the organization through effective employee-focused practices and a professional approach to workplace development.
She completed her education in Management and Business Studies, which gave her a strong foundation in people management and business operations. She brings over 7 years of experience in Human Resources across areas such as HR operations, talent acquisition, employee engagement, and performance management. Her professional journey reflects a strategic, people-centric, and growth-oriented approach to effectively expand the SPEC family.
Through her people-centric and strategic approach, she can contribute to building a strong and ever-evolving organizational culture that supports the Company’s growth and long-term success.
Chief Legal Officer
Educated in law and finance, Karan Dinesh Singh Rawat holds a Bachelor of Laws, a Masters of Laws, and a degree in Finance from Harvard University.
He leads Spec Finance with a clear vision to build a next-generation financial institution out of GIFT City—redefining how capital is structured, deployed, and scaled across global markets. Operating at the center of strategy and execution, he drives high-value transactions, institutional partnerships, and long-term expansion.
His broader ambition is to position GIFT City as a global epicenter of finance—an economic nucleus for next-generation financial structures, capital innovation, and cross-border deal-making.