Ajinkya Sawrikar

Joined as an Investment Analyst and promoted to Senior Investment Analyst in a span of 1 year. I'm a member of the investment team on the venture debt side responsible for credit underwriting. I've had the chance to contribute to exciting deals across both financial and non-financial sectors, totaling INR 225 Cr (approximately USD 27 mn) in closed deals. Here are the sectors I've been involved in:

• Manufacturing - Multiple companies involved in manufacturing of a) Electronic gadgets b) Smart water meters c) Pharma and food preservatives
• MRO services - Maintenance, Repairs and Overhaul services to Airlines
• Stock Broking - One of India's largest stock broking platform
• Financial inclusion - Gold finance, Fintech, MSME lending
• Hospitality - QSR chain with reputable brands established by a renowned chef and a Tea Cafe chain

My roles and responsibilities include:

• Engaging in deal sourcing and execution entails various tasks such as networking with founders, leveraging credit platforms and investment bankers and collaborating with VC/PE firms for synergistic opportunities.
• Analyzing the company's business model in detail and identifying the key drivers of the business, risks and mitigants, etc.
• Conducting comprehensive research on market, industry, and economic trends.
• Using diverse tools and methods to assess financial statements.
• Performing comprehensive on-site due diligence of borrower companies, including visits to corporate and branch offices, discussions with founders and department heads, analysis of bank statements and GST records, conducting Probe42/Corpository checks, validating collateral, gathering customer feedback, and consulting with other lenders for credit opinions.
• Preparing credit memos for presentation to an independent credit committee, drafting sanction letters, negotiating terms, and offering assistance to the legal team for documentation purposes.
• Analyzing and monitoring portfolio companies' performance and comparing it with peers and industry benchmarks.

I am a part of the business development team that does the credit underwriting. I had an opportunity to work on some exciting deals in both financial and non-financial sector. Cumulatively I've closed deals worth INR 71.00 Cr (or approximately USD 8.70 mn). The following are the sectors I had exposure to so far:

• Financial Inclusion - micro finance, vehicle finance, MSME finance, Fintech and gold finance.
• Cleantech - EV battery manufacturing
• Logistics - last mile logistics
• Agritech - IOT devices, agri marketplace
• Others - tech enabled interior designing, E-commerce, supply chain finance, aftersales auto spare parts market place and refurbished mobile market place

• Carried out several statutory company audits.
• Used accounting software to issue tax returns and prepare consolidated reports.
• Maintained up-to-date knowledge of tax codes, legislation and tax programs.
• Computed taxes owed by applying prescribed rates, laws and regulations.
• Provided assistance in solving various matters relating to GST & VAT.
• Prepared reports on feasibility of projects.

• Carried out statutory audits for NBFCs & Banks including Can Fin Homes Ltd, State Bank of India.
• Conducted statutory audits for several charitable organizations.
• Conducted an internal audit of one of the biggest state project named "Mission Bhagiratha" on behalf of the state government.
• Identified management control weaknesses for "Hyderabad Agricultural Cooperative Association" and provided value added suggestions for remediation.
• Well versed with the provisions of Companies Act, SEBI LODR Regulations, FEMA & SARFAESI.