Urveshkumar Mehta
Tangible asset valuation
Mumbai
Summary
Chartered Engineer and Member of the Royal Institute of Chartered Surveyors (RICS) with over 18 years of experience in Tangible Fixed Asset Valuation. Successfully managed 200+ valuation assignments across diverse business functions, consistently delivering efficiency and quality. Strong background in operation management on the shop floor, providing valuable skills in effective process and people management. Proven track record of initiating and developing revenue streams for tangible asset valuation, including financial reporting, insurance valuation, liquidation purposes, and insolvency cases.
Overview
21
21
years of professional experience
2021
2021
years of post-secondary education
1
1
Certification
3
3
Languages
Work History
Director
PwC Business Consulting Services LLP
05.2024 - Current
- Developed high-performing teams by providing mentorship, guidance, and opportunities for professional growth.
- Cultivated a positive work environment that fostered employee engagement, increased retention rates, and boosted overall team morale.
- Improved project efficiency with strategic planning, resource allocation, and time management practices.
- Enhanced team collaboration through regular communication, goal setting, and performance evaluations.
- Implemented innovative solutions to solve complex problems, resulting in increased productivity and streamlined operations.
- Optimized staff performance by designing comprehensive training programs tailored to individual needs.
- Evaluated employee performance objectively using established metrics, leading to fair compensation adjustments based on meritocracy principles.
- Boosted client satisfaction rates through exceptional relationship management and prompt resolution of issues.
- Increased company revenue by streamlining processes and implementing cost-saving measures.
Associate Director
PwC Business Consulting Services LLP
07.2023 - 04.2024
- Led teams of up to 5 personnel, supervising daily performance as well as training and improvement plans.
- Established strong relationships with key industry partners, creating mutually beneficial opportunities for growth and collaboration.
- Mentored junior staff members, providing guidance on professional development opportunities and career progression paths within the company.
- Maintained compliance with industry regulations while adapting to changes in legislation or best practices as needed.
- Reduced operational costs by identifying inefficiencies and implementing cost-saving measures in various departments.
- Oversaw annual budget planning processes, ensuring financial goals were met while maintaining optimal resource allocation across departments.
- Managed cross-functional teams for multiple large-scale projects, successfully completing each on time and within budget constraints.
- Improved overall team efficiency by streamlining project management processes and implementing new collaboration tools.
- Implemented data-driven decision-making strategies, leading to more informed business choices and positive outcomes.
Associate Director
Deloitte Touche Tohmatsu India LLP
06.2021 - 06.2023
- Managing 6 members team to handle valuation engagements for purpose of Purchase Price Allocation, IFRS first time adoption, Merger and acquisition, Management information, Test of Asset impairment, Realizable Value estimation, liquidation and many others for local and international clients as well;
- Though entire team has been joined during COVID time but effectively manage and guide them to get pre-COVID revenue;
- Helped DHS audit teams for timely review of valuation analysis prepared by individual valuer for audit assistance by performing procedures of an Auditor's Expert;
- Working with audit team of overseas member firm for providing support on review of valuation of assets prepared by external valuer;
- As a team leader helped team members to groom their technical and management skills while working on an engagement;
- Interviewed potential candidates for expansion of team;
- Regularly tracking Net service revenue for invoice generation and follow up with client for timely payment;
- Tracking MIS report for performance evaluation of self and team;
- Guiding team members for appropriate and timely documentation from risk perspective;
- Troubleshoot and resolved analytical issues during replacement cost estimation for business possessing unique assets;
- Reaching out to current and previously served clients for pitching in new service offerings
- Developing service offering profile including core valuation product offerings and updated team CV;
- Developed new valuation product offering which is valuation for insurance reporting;
- With help of team member, developed a valuation model for valuation of different types of buildings and civil works;
Associate Director
KPMG India Private Limited
05.2018 - 06.2021
- Managing 7 members team to handle valuation engagements for purpose of Purchase Price Allocation, IFRS adoption, Merger and acquisition, Management information, Test of Asset impairment, Realizable Value estimation, liquidation and many others for local and international clients as well;
- Advised a telecom company in Africa for first time IFRS implementation where assets spread across the country
- The engagement was spread over six months and the client was provided with intime and appropriate valuation advise with regard to different non-current asset categories in line with applicable accounting guidelines;
- Helped Audit teams for timely review closure of valuation analysis prepared by individual valuer for audit assistance by performing procedure of an Auditor's Expert;
- Mentored team members to groom their technical and management skills;
- Conducted interviews for expansion of team;
- Regularly tracking engagement revenue, invoice generation and follow up with client for timely payment;
- Guided team members for appropriate and timely documentation from risk perspective;
- Engaged external subject matter experts to help analysis and understand cost parameters of different types of assets;
- Reaching out to current and previously served clients for pitching in new service offerings
Associate Vice President
Duff And Phelps India Limited
03.2015 - 06.2021
- Served as an associate vice president with Tangible asset valuation team;
- Handled various valuation engagements for purpose of Purchase Price Allocation, Merger and acquisition, Management information, Asset impairment test, Realizable Value estimation, liquidation and many others for clients in India as well as Overseas;
- Have performed lead role in execution of valuation assignments of companies with large asset base like Essar Steel, Alok Industries, Bharti Shipyard etc
- During their submission for insolvency under Insolvency and Bankruptcy Code 2016;
- Managed team of 4 team members for valuation of various companies across sectors like steel, pharma, hospital, residential, chemical, ship building yard etc.;
- Tracked MIS report for timely submission of invoice to the client and follow up for the payment;
- Presented a paper on the IFRS implementation in a seminar attended by auditors of big 4 Tax and Accounting firm;
- Led valuation practice for insurance valuation reporting, worked with ICICI Lombard and Aditya Birla General Insurance company limited
- Under this practice, successfully managed valuation of industrial facilities for the reporting of Reinstatement cost new for estimation of insurance premium;
Senior Associate
Ernst & Young India Private Limited
03.2010 - 01.2015
- Joined as an executive and been promoted to senior associate level;
- Built and maintained relationships with new and existing clients while providing high level of expertise;
- Delivered superior client services, fostering strong rapport, retention and satisfaction;
- Helped Audit teams for review of valuation analysis for audit assistance and performed procedure of an Auditor's Expert;
- Researched issues and took appropriate action to achieve speedy resolution;
- Promptly addressed concerns, complaints and inquiries to meet client satisfaction during execution of assignment;
- Approached each problem with fresh mind and analytical strategies to quickly resolve concerns;
- Supported exchange of feedback and communication between team and seniors;
- Developed junior team members and cultivated collaborative culture
Valuation Manager
RBSA LLP
06.2008 - 02.2010
- Joined in Ahmedabad as Valuation executive performing valuation analysis for various retail (finance for home loan purpose) clients like bank and financial institutions;
- Learned new skills to manage valuation analysis for corporate clients;
- Evaluated price trends and made proactive strategy adjustments to maintain alignment between performance and objectives;
- Collaborated with team to maximize client satisfaction, streamline procedures and improve bottom-line execution efficiency;
- Promoted as Valuation Manager and shifted to Bangalore to start new office in South India;
- Managed office setup operations and managing routine office duties;
- Recruited and hired qualified candidates to fill open positions;
- Carried out cold calls to generate inquiries, followed up for meetings;
- Conducted meetings with prospective clients to generate inquiries
Textile Engineer
Textile companies
06.2004 - 05.2007
- Served as production supervisor in companies;
- Prepared and reviewed internal documentation for management and production staff;
- Drafted and distributed weekly production schedule to upper management and production staff;
- Utilized technical skills and understanding of process principles to develop new products;
- Completed comprehensive code compliance evaluations for various projects;
- Guide staff for increased use of machines to gain maximum efficiency;
- Maintained process records and documentation;
- Developed team, provided technical guidance to staff for better productivity
Education
Master of Science - Real Estate Valuation
Annamalai University
Machinery Valuation - Machinery And Equipment Valuation
Insolvency And Bankruptcy Board Of India
MBA - Operation Management
Symbiosis Center Of Distance Learning
Bachelor of Textile - Textile Technology
Maharaja Sayajirao University Of Vadodara
Skills
- Strategic Leadership
- Database Development
- Process Improvement
- New business development
- Operations oversight
Certification
Chartered Engineer
Accomplishments
- Won EY - Accelerator award for two periods October-December 2013 and October- December 2014 for timely closing of the engagement and satisfactory client service
- Winner of the first prize at the 'Tech Fest' held at L.D. College of Engineering and Technology, Ahmedabad during graduation
- Won District level quiz at Surat during school
- Won first prize in National Cadet Corps training camp
Affiliations
- Member of Royal Institute of Chartered Surveyors, UK
- Fellow Member of Institute of Valuers, Delhi
- Member of Institute of Engineers, Kolkata
- Chartered Engineer certification from Institute of Engineers, Kolkata
Handphone
992 052 2127
Additionalinformation
Holding B-1 work visa for USA valid till June 2025, Germany, UK, Ethiopia, Bangladesh, Renault Nissan Automotive India Private Limited, Diageo, Adani Port and SEZ, AP Moller Maersk, General Motors, Bilteek Fashions, GSPC Limited, Hindustan Coca-cola, H One India, Intercos India
Timeline
Director
PwC Business Consulting Services LLP
05.2024 - Current
Associate Director
PwC Business Consulting Services LLP
07.2023 - 04.2024
Associate Director
Deloitte Touche Tohmatsu India LLP
06.2021 - 06.2023
Associate Director
KPMG India Private Limited
05.2018 - 06.2021
Associate Vice President
Duff And Phelps India Limited
03.2015 - 06.2021
Senior Associate
Ernst & Young India Private Limited
03.2010 - 01.2015
Valuation Manager
RBSA LLP
06.2008 - 02.2010
Textile Engineer
Textile companies
06.2004 - 05.2007
Machinery Valuation - Machinery And Equipment Valuation
Insolvency And Bankruptcy Board Of India
MBA - Operation Management
Symbiosis Center Of Distance Learning
Bachelor of Textile - Textile Technology
Maharaja Sayajirao University Of Vadodara
Chartered Engineer
Master of Science - Real Estate Valuation
Annamalai University
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