Aditya Aggarwal
Pune
Summary
Real estate professional with 11+ years of overall experience, including 9 years in the real estate sector across credit ratings, project finance, and warehousing development. Currently serving as Associate Director – Large Corporate at India Ratings and Research Pvt. Known for clear analytical work, mentoring team members, and demonstrating leadership in team development and sector initiatives.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Associate Director – Large Corporate(Real Estate Vertical)
India Ratings and Research Pvt Ltd
Pune
03.2026 - Current
- Led credit rating coverage for 25+ large real estate issuers representing over INR 12,000 crore in rated debt across residential, commercial, hospitality, and retail segments.
- Managed full-cycle rating processes: credit analysis, financial modelling, quarterly monitoring, site visits, rating notes, committee presentations, and public rationales.
- Established sector thought leadership by developing the Residential Real Estate Navigator, Commercial Real Estate Annual Outlooks, Hotel Sector reports, and multiple sectoral wires.
- Presented and conducted webinars on real estate trends to institutional investors, bankers, and issuers; independently facilitated key client events and the Feb 2025 Pune real estate conference.
- Mentored and trained new team members while standardising residential real estate rating models to boost analytical quality and productivity.
- Cultivated strong issuer relationships, receiving formal recognitions through consistent email commendations and management calls.
- Served as independent voting member on Rating Committees for mid-corporate and emerging-corporate cases, adding critical insights.
- Awarded Analytical Excellence Award (Dec 2025) for outstanding credit evaluation across residential, hospitality, retail, hostel, and commercial segments.
Senior Investment Analyst – Real Estate Project Finance
Piramal Capital & Housing Finance Ltd
Pune
08.2021 - 03.2023
- Managed relationships with multiple real estate developers to originate and structure project financing deals.
- Built financial models, conducted cash-flow analysis, and prepared credit appraisal notes & investment presentations for internal credit committee approvals.
- Performed detailed risk analysis on project funding proposals, covering implementation viability, cost assessment, and market risks.
- Prepared initial deal evaluation reports with developer due diligence and micro-market research.
- Facilitated client engagement throughout credit process, resulting in successful sanction of INR500+ crore in loans.
- Coordinated technical and legal due diligence with third-party consultants.
- Collaborated with other lenders to down-sell exposures and optimise portfolio risk.
- Gained hands-on real estate lending experience across the full credit lifecycle, strengthening project evaluation and risk underwriting skills.
General Manager – Warehousing Development & Leasing
Navyug Alloys Pvt Ltd
07.2017 - 06.2021
- Led the company’s strategic diversification from manufacturing into real estate by developing and operating warehousing facilities on a Build-and-Operate lease model.
- Oversaw end-to-end warehousing project development, managing site selection, construction oversight, vendor coordination, and operational setup to ensure timely project delivery.
- Designed and executed leasing strategy, negotiating long-term tenants while building strong relationships with brokers and logistics stakeholders.
- Managed project budgeting and cost control, ensuring financial feasibility and profitability of warehouse operations.
- Established new real estate leasing vertical within traditional manufacturing firm, building foundational expertise in project development and operations.
QA Engineer
Cybage Software Pvt Ltd
07.2012 - 05.2014
- Led testing and analysis for digital payment web applications, coordinating with stakeholders and development teams to ensure quality and functionality.
- Collaborated with business stakeholders to gather requirements, analyze processes, and resolve issues, enhancing project alignment and delivery.
Education
MBA -
SBM – NMIMS
Mumbai01-2017
B.E. - Electronics & Communication Engineering
DDIT
Nadiad01-2012
Skills
- Real estate analysis
- Credit analysis
- Financial modelling
- Risk assessment
- Project financing
- Project evaluation
- Industry analysis
- Relationship management
Certification
- CFA Level I
- FLIP Certified Professional in Treasury, Capital Markets & Banking Fundamentals
- NCFM Certified in Wealth Management, Investment Analysis & Portfolio Management
Timeline
Associate Director – Large Corporate(Real Estate Vertical)
India Ratings and Research Pvt Ltd
03.2026 - Current
Senior Investment Analyst – Real Estate Project Finance
Piramal Capital & Housing Finance Ltd
08.2021 - 03.2023
General Manager – Warehousing Development & Leasing
Navyug Alloys Pvt Ltd
07.2017 - 06.2021
QA Engineer
Cybage Software Pvt Ltd
07.2012 - 05.2014
MBA -
SBM – NMIMS
B.E. - Electronics & Communication Engineering
DDIT