Overview
Work History
Education
Skills
Websites
Timeline
Generic

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
Ritik BansalChartered Accountant