Summary
Overview
Work History
Education
Skills
Languages
Timeline
Shashanka Wasti

Shashanka Wasti

Chartered Accountant
Gurgaon

Summary

Dynamic Associate Vice President at Ernst & Young with a proven track record in financial due diligence, particularly with marquee private equity clients including The Carlyle Group, EQT Partners, Tiger Global, and Sequoia, on deals ranging from $50M to $1B. Recognized with the "I am Exceptional" award for innovative thinking and exceptional ownership on a high profile deal, and rated "Gold Standard" (5/5) for FY24 performance. Expertise spans IT, BPO, Consumer, and Health-tech sectors.

Overview

8
8
years of professional experience
6
6
years of post-secondary education

Work History

Associate Vice President

Ernst & Young India
04.2024 - Current

Responsible for managing the client expectations, project management including the quality and timelines of the deliverables and grooming of team members.

  • Independently managed client expectations and a team consisting of three (3) members on a buy-side deal on behalf of a strategic buyer in its acquisition of a telecom focused British BPO | Deal size - GBP 120mn.
  • Led the project from execution until client readouts, including maintaining client relationships on a buy-side deal on behalf of a strategic buyer in its acquisition of a US based IT company | Deal size – USD$ 145mn.
  • Prepared a proposal to provide services to a private equity client regarding its potential acquisition of a domestic logistics company with a topline of USD$ 200m.

Senior Associate

Ernst & Young LLP
04.2022 - 03.2024

Responsible for executing end-to-end financial diligence assignments along with preparation of reports, liaising with the Target and aligning internal expectations.

  • Delivered a red-flag report with buy-side quality of earnings view within a strict timeline of 14 days on behalf of BPEAEQT in its acquisition of a US based healthcare RCM company | Deal size – USD$ 180m.
  • Conducted a standalone cost analysis for separation of 22 business segments spread across 9 entities, on behalf of KMS, a TVS Motors (publicly traded) backed entity, for its strategic fund raising from Castrol.
  • Determined normalized carved-out working capitalof OLX in India (a Prosus owned entity), engaged in reselling of used cars and online classifieds, on behalf of CarTrade (publicly traded) | Deal size – USD$ 65m.

Associate

Ernst & Young
05.2021 - 03.2022

Responsible for analyzing key financial areas such as revenue, direct costs and cash flows in silos, including preparation of their report sections.

  • Analyzed customer cohorts, price volume, and margin drivers of Healthians, a tech-enabled at-home diagnostics platform with 100k+ monthly bookings with an AOV of ~$15 on behalf of HealthQuad PE.
  • Benchmarked KPIs such as hourly bill rates, utilization rates and bench levels for an IT company, based out of Bulgaria and with a turnover of $50m, with its close peers on behalf of a strategic buyer.

Associate

BDO India
10.2019 - 04.2021

Responsible for analyzing areas of the financial statement, providing concise observations and outcomes as part of the diligence team.

  • Analysis of GMV to NMV bridge, wastages, customer acquisition costs and customer stickiness of Otipy, an agri-tech ecommerce startup fulfilling 500k orders per month, on behalf of SIG Venture Capital
  • Reading of power purchase agreements and analyzing revenue and accounts receivables of a 310MW solar power project in Madhya Pradesh, with a topline of ~$180m, on behalf of Al-Jomaih Holding Group

Apprentice

Mazars Advisory
07.2016 - 09.2019

Responsible for building financial models, conducting diligence on debt-funding assignments, conducting financial audits and performing intangible valuations.

  • Prepared the Toll-Operate-Transfer (ToT) financial model on behalf of National Highways Authority of India (NHAI) | Deal size ~$449m

Education

Chartered Accountancy -

The Institute of Chartered Accountants of India, New Delhi
07.2016 - 08.2019
  • First attempt, 58%

BBA - Finance And Accounts

Hansraj College, Delhi University, New Delhi
06.2013 - 05.2016
  • Graduation with Distinction, 87%

Skills

Project management

Team management

Leadership

Critical thinking

Microsoft office suite, incl Power BI

Languages

English
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Nepali
Bilingual or Proficient (C2)

Timeline

Associate Vice President - Ernst & Young India
04.2024 - Current
Senior Associate - Ernst & Young LLP
04.2022 - 03.2024
Associate - Ernst & Young
05.2021 - 03.2022
Associate - BDO India
10.2019 - 04.2021
Apprentice - Mazars Advisory
07.2016 - 09.2019
The Institute of Chartered Accountants of India - Chartered Accountancy,
07.2016 - 08.2019
Hansraj College, Delhi University - BBA, Finance And Accounts
06.2013 - 05.2016
Shashanka WastiChartered Accountant