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

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