Ritik Bansal
Chartered Accountant
Bengaluru,KA
Overview
7
7
years of professional experience
Work History
Senior Associate - Financial Due Diligence
Ernst & Young LLP
03.2022 - Current
- 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
Timeline
Senior Associate - Financial Due Diligence
Ernst & Young LLP
03.2022 - Current
Article Assistant - Statutory Audit
Haribhakti and Co LLP
03.2019 - 03.2022
Chartered Accountant -
ICAI
04.2001 -
B.Com -
Gujarat University