VIVEK PUROHIT
Chartered Accountant
Mumbai
Summary
Dedicated Real Estate professional with a history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Overview
7
7
years of professional experience
Work History
Assistant Vice President, Investments (Purva Real Estate Fund - AIF)
PURAVANKARA LIMITED
5 2023 - Current
- Managed investments, operations & investor relations for a fund with an AUM of INR 3 billion, for optimal deployment
- Liaised with the business development team to gather details of proposed deals, performing feasibility analysis and structuring deals in accordance with SEBI guidelines
- Conducted investment committee meetings to secure approvals on deal structures and commercial understandings
- Actively involved in business development and market analysis for the NCR region (Delhi & Gurgaon)
- Led commercial and legal negotiations with landowners and lawyers/consultants to close high-value land deals
- Sourced land deals, conducted market analysis and financial feasibility studies, and performed site visits while collaborating with IPCs, brokers, and architects
- Successfully executed a Term Sheet for fundraising via equity, structured as a Joint Venture Transaction with one of Asia’s largest PE Investors, for a new development in Bangalore valued at INR 7 billion.
Assistant General Manager
TATA REALTY & INFRASTRUCTURE LIMITED
03.2022 - 05.2023
- Independently prepared a long-term business plan (financial model) for commercial properties with 10 million sq. ft. leasable area, including debt management and repayment plans, for the Group Chairman of Tata Group
- Prepared annual budgets and conducted variance analysis for commercial properties totaling over 7.7 million sq. ft. leasable area, generating a yearly rental income of over INR 7 billion
- Conducted fair valuation and financial analysis for commercial assets, with gross valuations exceeding INR 100 billion
- Attended the Resurgence Program in Dubai, engaging with business leaders to discuss long-term vision strategies.
Assistant General Manager
RUNWAL DEVELOPERS PVT LTD
01.2019 - 03.2022
- Negotiated & closed a Joint Development deal for an SRA Project during COVID, with a project topline of INR 15 billion
- Successfully negotiated & closed a deal for a Society Re-Development Project, with a project topline of INR 2.7 billion
- Developed financial models for land/project acquisitions and project viability analysis
- Communicated with clients, IPCs, brokers, and financial institutions for sourcing, analyzing, and structuring new deals
- Developed financial models & reviewed documents, securing INR 2.5 billion in construction finance for an SRA Project
- Prepared detailed MIS and review reports for top management decision-making on new investments and negotiations.
Manager, Commercial & Retail
KALPATARU LIMITED
06.2018 - 01.2019
- Reviewed and negotiated lease agreements and contracts for commercial properties and malls with clients/vendors
- Prepared & analyzed annual budgets & variance analysis for commercial & retail properties, totaling 1.4 million sq. ft.
- Developed financial models for land/project acquisitions and project viability analysis
- Managed project-wise P&L statements and maintained EBITDA levels
- Successfully prepared & reviewed yearly Top Management Review Reports for significant commercial & retail projects.
Assistant Manager, Commercial, RMCC
KEC INTERNATIONAL LTD
03.2017 - 06.2018
- Ensured adherence to commercial charters, led project closures & prepared variance analysis for project budgets
- Developed project-wise reports and managed budget preparation of INR 30 billion for the International Division
- Selected for elite Team Eagle at KEC International for company-wide strategic financial analysis
- Analysed Zero Base Costing (ZBC) and Cost to Complete (CTC) reports for ongoing projects.
Education
Chartered Accountant -
INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
Company Secretary - undefined
INSTITUTE OF COMPANY SECRETARIES OF INDIA
Bachelor of Commerce (Honours) - undefined
JAI NARAIN VYAS UNIVERSITY
Skills
MS Office
SAP
Tally ERP 9
Contract Negotiation
Financial Planning & Analysis
Business Planning
Budget Preparation
Variance Analysis
Financial Modelling
Project Management
Commercial Monitoring
Presentations
Workachievements
- Awarded Star Performer for Q3 FY24 for contributions to fund operations and market research at Puravankara.
- Successfully deployed the first investment with a project topline above INR 4.5 billion at Puravankara.
- Awarded Best Squad of the Year and led the TRIL-CPPIB deal, managing cash flows and valuations at Tata.
- Received fast-track promotion per assessment by Senior Management and an external team at Kalpataru.
Hobbies
- You would often hear me singing or humming, which keeps me calm and cool in any situation
- I like playing guitar in my free time, though I am still at the beginner level
- Playing cricket
Timeline
Assistant General Manager
TATA REALTY & INFRASTRUCTURE LIMITED
03.2022 - 05.2023
Assistant General Manager
RUNWAL DEVELOPERS PVT LTD
01.2019 - 03.2022
Manager, Commercial & Retail
KALPATARU LIMITED
06.2018 - 01.2019
Assistant Manager, Commercial, RMCC
KEC INTERNATIONAL LTD
03.2017 - 06.2018
Assistant Vice President, Investments (Purva Real Estate Fund - AIF)
PURAVANKARA LIMITED
5 2023 - Current
Chartered Accountant -
INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
Company Secretary - undefined
INSTITUTE OF COMPANY SECRETARIES OF INDIA
Bachelor of Commerce (Honours) - undefined
JAI NARAIN VYAS UNIVERSITY
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