Supported strategic investors and private equity firms in both buy-side and sell-side due diligence for M&A transactions across Travel, Healthcare, FMCG, and Automotive sectors.
Conducted in-depth analyses on Profit & Loss statements and Balance Sheets, identifying key business drivers and calculating KPIs such as cohort analysis, LTV to CAC ratios, budget vs. actuals, variance analysis, and other financial ratios.
Reported directly to partners on research and competition benchmarking within Healthcare, E-Commerce, and Logistics sectors, focusing on financial and operational metrics of key players to identify M&A opportunities and source investment targets.
Identified key adjustments to the quality of earnings (adjusted EBITDA, adjusted net debt, and adjusted net working capital) having a significant impact on transactions and their valuation.
Select deals
Travel: Led a team of 4 on sell-side due diligence for TBO, India's largest B2B travel tech firm, with revenues of ~INR 1,100 Cr and a GMV of INR 22,000 Cr, for General Atlantic's minority stake acquisition.
Healthcare: Conducted buy-side due diligence for Lightrock's investment in BeatO, a healthcare startup specializing in glucometers, with revenues of INR 20 Cr and $33m in funding.
FMCG: Executed sell-side due diligence to acquire majority stake by ITC Limited in D2C meat delivery startup Meatigo by Prasuma with revenues of INR 95 Cr.
Automotive: Executed buy-side due diligence for HCL Tech's 100% acquisition of ASAP Group, a German automotive engineering services provider, valued at €251m with annual revenues of €154m.
Article Assistant - Statutory Audit
Haribhakti and Co LLP
03.2019 - 03.2022
Been an integral part of various group reporting and statutory audit assignments as a parent auditor, as well as a component auditor for listed, public, and private companies.
Performed an itemized audit of incomes, expenses, assets, and liabilities.
Clientele: Sarda Metals and Alloys Limited, Reserve Bank of India, Dishman Carbogen Amics Limited, Span Divergent Limited, Air India Express Limited (aviation).
Education
Chartered Accountant -
ICAI
04.2001 -
B.Com -
Gujarat University
03-2020
Skills
Awards: Business Extraordinaire (EY) , Strategic Impact performance rating for 23-24 and 24-25
Article: Published in WICASA Magazine of ICAI on 'Credit Rating'
IT: MS Excel, MS PowerPoint, MS Word, MS Power BI, Google Sheet, Google Docs, and Tally
Database: Working knowledge of databases such as Private Circle, VCC Edge, Toflr and Mergermarket
Personality traits: Ownership, Leadership, Team Player, Problem solver, Attention to detail, and Communication & Presentation skill