Summary
Overview
Work History
Education
Skills
Websites
Extra-Curricular Activities
Personal Information
Timeline
Generic

Ronak Patel

Associate at PwC India - Valuation
Mumbai

Summary

5+ Years in Valuation Chartered Accountant ('CA') CFA Level 2 cleared

Pursuing full-time role that presents professional challenges and leverages interpersonal skills, effective time management, and problem-solving expertise.

Overview

6
6
years of professional experience
10080
10080
years of post-secondary education
3
3
Languages

Work History

Associate - Valuation, Deals

PwC Business Consultancy Services LLP
Mumbai
02.2023 - Current
  • Led Valuation Projects: Prepared comprehensive valuation reports and working papers for a major agrochemical manufacturing company in India, with an estimated value of INR 19,000 Cr (US$ 2.26B), for financial reporting and internal investor management purposes.
  • Renewable Energy Sector: Part of the valuation team analyzing portfolio companies of a fund investing in the renewable energy sector, ensuring accurate valuation for financial reporting.
  • Special Real Estate Valuation: Conducted valuations for portfolio companies with a focus on special real estate properties, providing detailed financial reporting support.
  • Infrastructure Sector: Conducted valuation of portfolio company with a focus on Freight/cargo terminals, Inland Container Depots, Rail and road transportation for financial reporting.
  • Mobile Manufacturing Valuation: Executed detailed valuation analyses and reports for a leading mobile manufacturing company in India, ensuring compliance with financial reporting standards.
  • Merger Analysis: Contributed to the valuation team responsible for calculating the swap ratio for the merger of two major steel manufacturing companies, forming part of one of India's largest conglomerates.
  • Paint Manufacturing Valuation: Developed valuation reports and working papers for a new paint manufacturing company within one of India's largest conglomerates, focused on financial reporting.
  • Pension manager valuation: Contributed to the valuation of one of India's largest pension fund managers, responsible for managing the pension funds of central and state government employees, as well as common citizens.
  • Audit Support: Assisted PriceWaterhouseCooper affiliate audit teams by sharing Base WACC calculations for companies in Japan and Singapore and supporting audit procedures through competitor analysis and terminal value rate determination.

Assistant Manager - Startup & Transaction Advisory

Banshi Jain & Associates
Mumbai
04.2019 - 02.2023
  • Due Diligence: Conducted thorough due diligence on over 35 companies, including startups in various sectors such as new-age cosmetics, two-wheeler EV manufacturing, battery management systems, digital marketing, financial technology, and online chit fund platforms.
  • Company Valuations: Performed valuations for more than 100 companies with values ranging from INR 25 Cr to INR 830 Cr (US$ 3 million to US$ 98 million), adhering to various regulatory frameworks, including the Companies Act, Foreign Exchange Management Act, and Income Tax Act.
  • Fund-Raising and Investment Management: Managed end-to-end fund-raising processes and investments for startup companies, liaising with investors for amounts ranging from INR 8.4 Cr to INR 52 Cr (US$ 1 million to US$ 6 million).
  • Client Advisory: Provided advisory services on future organizational structures based on business nature and operational needs. Prepared detailed notes on tax implications and FEMA regulations, and assisted clients in enhancing operational efficiency.
  • Financial Modeling and Forecasting: Developed financial models and forecasts for business presentations and funding efforts in sectors such as hair transplantation and skin treatments, healthy snacks, and offline coaching classes. Actively participated in business strategy discussions and contributed insights based on model findings.
  • Statutory Audits: Conducted statutory audits for a diverse range of companies, including a popular gifting platform, a leading P2P lending platform, a foreign stock investment platform, an online ticketing platform, and various Ind AS-compliant public companies.
  • Tax Audits: Executed tax audits for several companies, including a major online furniture retailer and an online travel booking website.
  • Ind AS Financial Statements: Prepared financial statements in accordance with Ind AS, including first-time adoption and compliance.

Education

CFA Level 2 -

CFA Institute
USA
08.2023

CA Final - Financial Accounting, Valuation, Tax

Institute of Chartered Accountants of India
Mumbai
11.2018

B.Com -

SIES College of Commerce & Economics
Mumbai University, Mumbai India
04.2015

Junior College - XII - Accounting

SIES College of Commerce & Economics
Mumbai
04.2012

Class X - School

S.K. Somaiya
Mumbai
03.2010

Skills

  • Strong Technical Knowledge in Valuation Methods

  • IPEV Guidelines

  • Team Collaboration and Leadership

  • Microsoft Office

  • Tally Accounting software

  • Winman Taxation software

S&P Capital IQ

Friendly, positive attitude

Teamwork and collaboration

Flexible and adaptable

Extra-Curricular Activities

Helped partner of the firm to prepare detailed presentation on startup registration as well as valuation of startup companies seminar organized by WIRC-ICAI. Airplane Spotting near Mumbai Airport Attended Mahim beach cleaning drive

Personal Information

  • Date of Birth: 04/16/95
  • Nationality: Indian

Timeline

Associate - Valuation, Deals

PwC Business Consultancy Services LLP
02.2023 - Current

Assistant Manager - Startup & Transaction Advisory

Banshi Jain & Associates
04.2019 - 02.2023

CFA Level 2 -

CFA Institute

CA Final - Financial Accounting, Valuation, Tax

Institute of Chartered Accountants of India

B.Com -

SIES College of Commerce & Economics

Junior College - XII - Accounting

SIES College of Commerce & Economics

Class X - School

S.K. Somaiya

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Ronak PatelAssociate at PwC India - Valuation