Infrastructure Advisory
- NHAI, MSRDC and government project bidding
- Joint venture structuring
- Financial closure for contractors
For contractors with turnover of ₹50 Cr+
Advisor & Management Consultant
Infrastructure, surety and global real estate. One advisory desk.
VKA Strategic Partners helps contractors, developers and investors win projects, free up bank limits and invest abroad, without collateral getting in the way.
RoadTech Awards 2026
Builder of Institutions Award for Transformational Leadership in Infrastructure
Presence
- NCR
- Mumbai
- Jaipur
- Dubai
Career built at
Nearly four decades of finance and commercial leadership at India's leading corporations.
- Reliance Industries10 yrs · GM Finance & Accounts
- IPCL12 yrs · Joint Financial Controller
- Kalpataru GroupAVP & Commercial Head
- H.G. Infra EngineeringHead, Commercial and F&A
- GA InfraExecutive Director
- AQUACO GroupDirector, Commercial
Our four verticals
Projects, finance, cross-border accounting and global wealth, handled together
Surety Bonds & BG Advisory
- 100% collateral-free surety bonds, insurance backed
- Bank guarantee replacement
- Through IRDAI-approved insurers
Save your BG limit and your cash flow
Dubai Real Estate Capital Bridge
- Investment advisory for Indian HNIs
- Off-plan and ready properties
- Direct developer tie-ups
Rental yield 7–9% · Golden Visa eligible
US Accounting, International Tax & Hedge Accounting
- US GAAP accounting and reporting
- India–US cross-border taxation
- Investment and hedge accounting (ASC 815)
For US–India groups, GCCs and treasury teams
Recognition
RoadTech Builder of Institutions Award for Transformational Leadership in Infrastructure
Conferred on CMA Vinod Kumar Agrawal, Advisers & Management Consultants, at the RoadTech Awards 2026, held alongside the Roads & Highways Forum 2026.
Why VKA
Advisory first. No brokers.
A single window for four needs
Projects, finance, cross-border accounting and global wealth sit with one adviser, so your bidding strategy, bonding capacity, reporting and investments are planned together.
Direct access
We work directly with insurers, banks and Dubai developers. You deal with decision makers, not intermediaries.
Advice before transactions
We start with what your business or portfolio needs, then bring in IRDAI-approved and RERA-registered partners to execute.
Bidding for a project or tied up in bank guarantees?
Talk to CMA Vinod Kumar Agrawal about your next tender, your BG limits or a Dubai investment.
About us
Nearly four decades of finance and commercial leadership, now on your side of the table
VKA Strategic Partners connects Indian infrastructure players with the capital, bonding and global investment routes they need to grow.
Who we are
VKA Strategic Partners
VKA Strategic Partners is an advisory practice for Indian infrastructure, led by CMA Vinod Kumar Agrawal. We help contractors, developers and investors unlock growth without collateral barriers.
Our work sits where projects meet money. A contractor preparing an NHAI or MSRDC bid needs the right structure, the right partners and the security instruments to back the bid. A growing firm needs bank limits kept free for working capital. A successful promoter often wants to put wealth to work outside India. A group with US operations or investors needs accounts, tax and hedges that stand up on both sides of the border. We advise on all four.
The founder
CMA Vinod Kumar Agrawal is a rank holder Cost & Management Accountant and a Fellow Member of the Institute of Cost Accountants of India. Since 1988 he has worked across finance, operations, EPC and project management with leading corporations in petrochemicals, oil & gas, railways and infrastructure.
He began his career at IPCL, a Navratna PSU, joining as one of its youngest officers at 21, and went on to lead finance and commercials for its regions and later for the Vadodara petrochemicals complex. At Reliance Industries he led project accounts for India's largest refinery at Jamnagar. At Kalpataru he managed finance and commercials for the Railway and Sub Station divisions across projects in India and Bangladesh. At H.G. Infra Engineering he was instrumental in streamlining finance, commercials and operations in the run-up to its IPO, and he later served as Executive Director of GA Infra, managing its businesses and operations across India.
Today he is Chief Executive Officer of Tradesphere Enterprises Private Limited and advises clients as an independent advisor and management consultant. He also mentors the next generation of CMAs, and served on the Professional Development & CPE Committee of ICMAI's Northern India Regional Council.
From Rajasthan's lanes to India's future: building businesses, building lives.CMA Vinod Kumar Agrawal, in The Inspired 100
QualificationCMA, Fellow Member ICMAI (rank holder)
ExperienceSince 1988, nearly four decades
Current roleCEO, Tradesphere Enterprises Pvt Ltd
Based inJaipur · NCR · Mumbai · Dubai
Career
Experience
| Years | Organisation | Role | Location |
|---|---|---|---|
| 2026 – now | Tradesphere Enterprises Pvt Ltd | Chief Executive Officer | Jaipur |
| 2023 – now | Independent practice | Advisor and Management Consultant | Jaipur |
| 2024 – 2026 | AQUACO Group | Director, Commercial | Jaipur, Jodhpur, Kanpur, Delhi |
| 2024 – 2025 | ICMAI, NIRC | Member, Professional Development & CPE Committee | New Delhi |
| 2023 – 2024 | B2B e-commerce platform | Chief Financial Officer and Head, Business Development | Jaipur |
| 2022 – 2023 | GA Infra | Executive Director; earlier Chief Operating Officer | Jaipur |
| 2016 – 2022 | H.G. Infra Engineering Ltd | Head, Commercial and F&A | Jaipur |
| 2012 – 2016 | Kalpataru Group | AVP & Commercial Head, Railway and Sub Station divisions | India & Bangladesh projects |
| 2010 – 2012 | Phoenix | Chief Financial Officer | Hyderabad |
| 2006 – 2010 | Reliance Industries Ltd | General Manager (F&A), project accounts for Jamnagar refinery (J-ERP-2) | Jamnagar / Rajkot |
| 2003 – 2006 | Reliance Industries Ltd | General Manager (F&A), Vadodara Petrochemicals Complex | Vadodara |
| 2000 – 2003 | Reliance Industries Ltd | Regional Finance Head, Gujarat, MP and Rajasthan | Ahmedabad |
| 1996 – 2000 | IPCL | Joint Financial Controller, Regional Finance | Delhi |
| 1993 – 1996 | IPCL | Deputy Financial Controller, CATAD Division | Thane, Mumbai |
| 1988 – 1993 | IPCL | Senior Finance Officer, Nagothane Petrochemicals Complex | Mumbai |
Education
- Fellow Member, Cost and Management AccountancyInstitute of Cost Accountants of India · 1987
- M.ComUniversity of Rajasthan · 1987
- B.ComUniversity of Rajasthan · 1985
Core expertise
- Financial managementF&A, project accounts, short-term finance
- Corporate strategyCommercials, JV structuring, IPO readiness
- Project managementEPC, railways, highways, refineries
Languages
EnglishHindiGujaratiPunjabiMarathiBanglaTelugu
How we work
What guides every engagement
Advisory first
We understand your project pipeline, balance sheet and goals before recommending any instrument or investment.
Regulated partners only
Surety bonds are placed with IRDAI-approved insurers. Dubai properties come from RERA-registered developers.
No brokers
We work directly with insurers, banks and developers, so terms are clear and nothing is lost in the chain.
Consulting services
Four verticals, one adviser
Each service stands on its own, and they work best together: win the project, secure it without locking up capital, report and hedge to international standards, and grow your wealth beyond India.
Vertical 01
Infrastructure Advisory
Support for contractors bidding on national and state infrastructure, from choosing the right projects to reaching financial closure.
Who it's forRoad, highway and infrastructure contractors with turnover of ₹50 Cr or more who bid on government projects.
What we do
- Bidding advisory for NHAI, MSRDC and other government projects
- Joint venture structuring to meet technical and financial qualification
- Financial closure planning and lender coordination
- Bid security and performance security planning, including surety bonds in place of bank guarantees
How an engagement runs
- Pipeline review. We look at the tenders you are targeting and your current qualification.
- Structure. We recommend the bidding entity, JV partners and security instruments.
- Bid support. We work with your team through submission.
- Closure. After award, we help you reach financial closure.
Vertical 02
Surety Bonds & BG Advisory
Insurance surety bonds can replace bank guarantees as bid and performance security. They are issued by insurers and do not require collateral or margin money, so your bank limits stay free for working capital.
Who it's forContractors and developers whose bank guarantee limits or margin money are holding back new bids.
100%collateral-free
0BG limit consumed
IRDAIapproved insurers
Bank guarantee vs insurance surety bond
| Bank guarantee | Insurance surety bond | |
|---|---|---|
| Issued by | Bank | IRDAI-approved insurer |
| Collateral / margin | Usually required | Not required |
| Bank limits | Consumes your BG limit | Leaves bank limits free |
| Cash flow | Margin money is blocked | Working capital stays in the business |
Bonds we advise on
Bid bondBid security for tender submissions
Performance bondSecurity for contract performance after award
Advance payment bondSecurity against mobilisation advances
Retention money bondReleases retention amounts held by the employer
What we do
- Assess your eligibility and the bonding capacity you can expect
- Prepare the proposal and place it with IRDAI-approved insurers
- Plan bank guarantee replacement to release existing limits
Vertical 03
Dubai Real Estate Capital Bridge
Investment advisory for Indian HNIs looking at Dubai property for rental income, capital growth and residency.
Who it's forIndian promoters, business owners and HNI families diversifying into Dubai real estate.
7–9%rental yield
GoldenVisa eligible
Directdeveloper tie-ups
What we do
- Shortlist off-plan and ready properties that fit your goals
- Introduce you directly to RERA-registered developers
- Advise on Golden Visa eligible investments
- Guide you through the purchase, from booking to handover
How an engagement runs
- Goals. Rental income, capital growth, residency, or a mix.
- Shortlist. Off-plan and ready options from our developer partners.
- Due diligence. Developer track record, payment plan and expected yield.
- Purchase. Booking, documentation and handover support.
Rental yields vary by property, location and market conditions and are not guaranteed. Resident Indians invest abroad under the RBI's Liberalised Remittance Scheme; please consult your chartered accountant on tax and compliance.
Vertical 04
US Accounting, International Taxation & US Investment Hedge Accounting
Finance and accounting support for groups that operate across India and the United States: US GAAP books and reporting, cross-border tax, and accounting for investments, derivatives and hedges.
Who it's forUS companies with Indian subsidiaries or global capability centres, Indian companies with US entities or US investors, treasury teams running FX and interest-rate hedges, and NRI or HNI families with cross-border income.
US GAAPbooks & reporting
DTAAIndia–US treaty
ASC 815hedge accounting
US accounting (US GAAP)
- Bookkeeping, month-end close and account reconciliations under US GAAP
- Financial statements and reporting packs for US parent companies and lenders
- Ind AS / IFRS to US GAAP conversion and GAAP difference reconciliations
- Revenue recognition (ASC 606) and lease accounting (ASC 842)
- Audit-ready schedules and audit support
International taxation
- India–US tax treaty (DTAA) advisory and withholding tax on cross-border payments
- Form 15CA / 15CB coordination for foreign remittances
- Transfer pricing documentation support for related-party transactions
- Permanent establishment risk review for cross-border operations
- Foreign tax credit planning and FEMA / ODI compliance for overseas investments
- Workpapers and tax data for US federal and state returns
US investment & hedge accounting
- Accounting for debt securities (ASC 320), equity investments (ASC 321) and equity-method investees (ASC 323)
- Fair value measurement and fair value hierarchy disclosures (ASC 820)
- Derivatives and hedge accounting under ASC 815: fair value, cash flow and net investment hedges
- Hedge designation documentation and effectiveness testing
- FX and interest-rate hedge programmes, including Ind AS 109 hedge accounting for Indian groups
How an engagement runs
- Scoping. Entities, reporting deadlines, tax footprint and hedge positions.
- Diagnostic. Review of current books, GAAP gaps, tax exposures and hedge documentation.
- Set-up. Accounting policies, chart of accounts mapping, hedge documentation and close calendar.
- Ongoing support. Monthly close, quarterly reporting, tax compliance and audit support.
Filings that require the signature of a US CPA or Enrolled Agent are completed with licensed professionals. Tax positions depend on each client's facts and current law.
Common questions
Frequently asked
Is VKA Strategic Partners an insurance company or a property broker?
No. We are an advisory firm. We facilitate through IRDAI-approved insurers and RERA-registered developers, who issue the bonds and sell the properties.
Can a surety bond be used instead of a bank guarantee for a government tender?
Insurance surety bonds are accepted as bid and performance security by many government authorities, including NHAI. Acceptance depends on the tender terms, so we check each tender document with you.
What size of contractor do you work with?
Our infrastructure advisory is designed for contractors with turnover of ₹50 Cr or more who bid on government projects.
Do you file US tax returns?
We prepare the accounts, workpapers and tax data. Returns that need the signature of a US CPA or Enrolled Agent are completed with licensed professionals.
Can you help with hedge accounting for an existing FX hedging programme?
Yes. We review your existing hedges, prepare designation documentation and effectiveness testing under ASC 815 or Ind AS 109, and set up the monthly accounting.
Do I need to visit Dubai to buy a property?
Many purchases can be started remotely through developer booking processes. We will tell you which steps need your presence for your chosen property.
Why VKA
Advisory first. No brokers.
Most firms cover one of your needs. We cover projects, finance and global wealth, and we work directly with the institutions that deliver them.
Single window
Four needs, one adviser
Projects, finance, cross-border accounting and global wealth are planned together. Your bidding strategy shapes your bonding needs, and your growth shapes your investments.
Direct access
Insurers, banks and Dubai developers
We deal directly with the institutions, which keeps terms clear and decisions quick.
Independence
No brokers. Advisory first.
Our recommendation starts from your situation, not from a product we need to sell.
Engagement process
From first call to closure
1
Discovery call
We understand your projects, limits or investment goals.
2
Assessment
We review documents, eligibility and options.
3
Structuring
We recommend the structure, instruments or properties.
4
Execution
We coordinate with insurers, banks or developers through to closure.
Experience you can check
Recognised by the infrastructure industry
Since 1988
Finance and commercial leadership at Reliance, IPCL, Kalpataru, H.G. Infra and GA Infra, led personally by CMA Vinod Kumar Agrawal.
RoadTech Awards 2026
Builder of Institutions Award for Transformational Leadership in Infrastructure.
Four locations
NCR, Mumbai, Jaipur and Dubai, covering India's key infrastructure markets and the UAE.
Awards & recognition
Honoured for leadership in infrastructure, the profession and the community
2026New Delhi
EventRoadTech Awards 2026OrganiserEPC World Media GroupKnowledge partnerDeloitte
RoadTech Builder of Institutions Award for Transformational Leadership in Infrastructure
Conferred on Shri Vinod Kumar Agrawal, Advisers & Management Consultants, on 18 September 2026 in New Delhi, India.
The RoadTech Awards recognise achievement across India's road construction sector and were presented at the Roads & Highways Forum 2026. The certificate is signed by Tejasvi Sharma, Managing Director & Editor-in-Chief, EPC World Media Group.
FeaturedCMA profile
PublicationThe Inspired 100Page44
Profiled in The Inspired 100
"Build with purpose, solve with heart."
CMA Vinod Kumar Agrawal shares his journey from Rajasthan to nearly four decades of building infrastructure that connects India, the mentor who set him on the CMA path, and his advice to future CMAs.
2023–24Jaipur
OrganisationLions Clubs InternationalDistrict3233 E-1
Lions Club Jaipur Metro Recognition Award
Presented to Lion Vinod Agarwal for distinguished contribution in social service and club activities as a club member.
Signed by Lion Viren Koradia (President), Lion Anil Jain (Treasurer) and Lion Vimal Golcha (Secretary).
Contact us
Talk to CMA Vinod Kumar Agrawal
Tell us about your project, your bank guarantee needs or your investment plans. We usually reply within one working day.
Name
CMA Vinod Kumar Agrawal
Email
vinod@vkacapitalbridge.com
Phone / WhatsApp
+91 96182 11000
Offices
NCRDelhi region
MumbaiMaharashtra
JaipurRajasthan
DubaiUAE
Send an enquiry
Tell us what you need. Your enquiry comes straight to our team, and we reply within one working day.
Disclaimer. VKA Strategic Partners is an advisory firm. We are not an insurance company or a real estate developer or broker. We facilitate through IRDAI-approved partners and RERA-registered developers.