Kapil Maheshwari

MFC NYU (Stern) IFQ

Director

IBBI Registered Valuer
(Securities/Financial Assets)

Kapil has nearly 16 years of experience in the field of M&A, Insolvency Law, Business Valuations & Asset Sale in India. He is a Registered Valuer and has been involved in various matters including valuation opinion for the first financial services company (Assets worth over USD 5 Billion) referred to IBC by the Reserve Bank of India.
Apart from this he has advised on start up fund raise, DRT auctions and non core asset divestments by large corporates. Kapil has also been involved in valuation of various financial services company for various provisions of the companies act and SEBI. He has also valued various Intangibles and Brands and also have valued Arbitration claims for a leading EPC company under IBC. He has worked at senior roles in companies like RBSA, JLL, ICRA and Assets in his professional career and has been involved across practices like valuation, restructuring, corporate finance, M&A and disinvestments.
Kapil is also a valuation faculty with ICMARVO and member of the Peer Review Board for the RVO. Kapil is a commerce graduate from Shri Ram College of Commerce, has a degree in Law and a post graduate degree in Finance from DU. Kapil is certified with High Honors in Advanced Valuation from NYU Stern University and also has FSA level 1 from Sustainability Accounting Standard Board (SASB).
He holds a diploma in Islamic Finance Qualification from SII (UK) and certification in International Trade Law & Alternate Dispute Resolution from Indian Law Institute. He is a lifetime member with Independent Director Databank providing his services to promote sustainability and ESG compliances in Indian Corporates.

Sachin Gulaty

MRICS FIV FIIA

Director

IBBI Registered Valuer
(Land & Building)

Sachin is a leading authority in real estate asset valuations in India with over 24 years’ experience ranging from real estate valuations and finance, valuations sector policy and regulatory guidelines, urban sector policy and regulatory framework analyses, city planning, and building architecture. Sachin, in his last role, was Senior Director and Head of Valuations, JLL India.
In this tenure with JLL that lasted for 16 years, Sachin oversaw valuations of more than 1,500 large-scale properties (+ >19,500 strata properties), including portfolio valuations and stand-alone real estate asset valuations, best use option studies, feasibility studies, and location consulting. His extensive experience in property valuations covers most asset classes, namely residential, commercial office, retail developments, hotels, hospitals, educational institutions, and industrial properties, among others at varying stages of development ranging from vacant lands, projects under construction, to developed and operational properties.
All of these valuations were based on varying techniques, while adopting the International Valuation Standards (IVS) and Royal Institution of Chartered Surveyors (RICS) Valuation Standards and Guidelines. He features in the global list of RICS Trained Assessors. Sachin has a Post-graduate Diploma in Banking and Financial Management from Narsee Monjee Institute of Management Sciences (India), Masters Degree in Urban Planning from School of Planning and Architecture (India), and Bachelors Degree in Architecture from School of Planning and Architecture (India).
Sachin has also recently successfully passed the required assessments of the RICS Arbitration Programme for India jointly organized by RICS and Link Legal.

Mangesh Shinde

CEngg MIE

Director

IBBI Registered Valuer
(Plant & Machinery)

Mangesh has nearly 10 years of experience in the field of Valuation, Insolvency, Sarfaesi, CEng Services, Auctions Valuations & Asset Sale in India. He is a Registered Valuer and has been involved in various matters including valuation opinion for the IBC, Customs, Banks and Private Lenders.
Apart from this he has conducted due diligence for various IPO’s, Asset Valuation for GST and Income Tax Purpose Under IBC, Mangesh has executed more than 15 Individual Assignments for asset class P&M. Sectors Values include “Solar, Textile, Plastic, Aluminium, Chemical, Sugar, Pharmaceutical, Mining, OEM, Real Estate, Agricultural, Hospital, Hospitality, Electronic Media etc” Along with IBC, many Valuation Advisory Services for Import/Export Goods, Company Annual Audit, M&A, Tax and Audit Purpose and SEBI.
Mangesh has also good experience in various LIE Projects for NHAI, PWD and Banks and Private Lenders. He also has good experience in TEV Study Report in almost all Sectors. Mangesh has also worked in collaboration with UK Firms for valuation of assets for various Auction. He is well versed with the Procedure and execution of Aucton in UK and Canada.
Mangesh is a Engineering graduate from Singhad College of Engineering, is Chartered Engineer from Institute of Engineers and is Registered Valuer with the Insolvency and Bankruptcy Board of India.

R K Singal

IP CA LLB

Advisor

Corporate Governance, Tax, Audits

Mr. Singal has over 35 years of experience in taxation, corporate law, business strategy and accountancy. He acts as a financial and legal advisor to corporates and high net worth individuals in the NBFC, manufacturing, consumer retail sectors in India and abroad and charitable societies. He specializes in tax planning, tax and legal due diligence, litigation management, transactional advisory, succession planning, strategy formation and inbound and outbound structuring. Mr. Singal has successfully represents clients across a breadth of industries before the CIT (A), ITAT and NCLT. As a trusted adviser for many organisations across generations, clients are at the heart of his thinking with focus on adding value to the client’s business.
Expertise

• Taxation law
• Corporate and commercial law
• Succession planning and trust structing for HNIs
• Tax litigation

Key Representations

• Advisor to Indian and foreign clients on business restructuring including due diligence
• Representing various notable business entities in litigation matters before CIT(A) and ITAT
• Successfully represented a NBFC listed on BSE before NCLT in a petition filed by the ROC for winding up
• Appointed as a mediator by the Arbitral Tribunal in a matter involving Food Corporation of India.

Anurag Munshi

MRICS UKGBC(Member)

Advisor

Sustainability, PropTech, Investment Management

Anurag is an established leader in the Real Estate sector with over 25 years of wide ranging experience in South-Asia and UK, in the field of real estate finance, deal advisory, M&A and corporate finance. Anurag has previously led private equity investment and debt at Citigroup, Alpha Real Capital and JLL, with a focus on value-add and core assets. He has proven track record of providing specific innovations and insight to critical aspects of investments and asset management, He has a history of success in planning and executing profit-increasing investment strategies, identifying high quality investment opportunities, creating innovative financial structures, mobilizing capital, mitigating financial risks, and building and maintaining strategic relationships with clients to achieve shared vision and goals. In his early career he led the valuation and advisory team at JLL and expanded the business to cover clients in the public sector, state and local government agencies, multinational corporations and foreign institutional investors. More recently he has advised clients on regulatory aspects of real estate investment, tax, corporate finance, and spearheaded institutional fund raise and leverage for real estate platforms investing in data center infrastructure, social housing and renewable energy assets. He is an investor in prop-tech and sustainability focused businesses. Anurag has a Masters degree from the London Business School, and Bachelors Degree from the School of Planning and Architecture.
Activities & Affiliations
MRICS
Member of UKGBC.

Akshi Singal

CA MS(International Tax)

Advisor

Mergers & Acquisitions, International Tax

Akshi Singal is a partner at Rajender Kumar Singal & Associates LLP, a member firm of KZEN Valtech Private Limited and has more than 7 years of experience in the field of tax due diligence and advisory, inbound and outbound structuring, merger and acquisition, demerger and international tax. She also has knowledge of Indian foreign exchange regulations and has advised on FEMA matters.
Earlier Akshi has worked with global consulting firms like Deloitte, PwC, BMR (merged with KPMG) in M&A Tax, handling tax due diligence, jurisdiction analysis, PE investment advisory and group restructuring. She has been involved in internal group structuring of one of the largest infrastructure developers of North India. She has also worked on succession planning and assisted in trust structuring of promoter shareholding of a large FMCG manufacturing listed entity with market cap of INR 450 Billion.
Akshi is presently heading the Mumbai office of the firm and focusing on developing an M&A practice of the firm. She also has been assisting start-ups and investor networks in advisory, documentation and compliances during fund raise.
Akshi is a Qualified Chartered Accountant and holds a Masters degree in International tax from Leiden University, The Netherlands.

Devinder Arora

IP FCS ACMA

Advisor

IBBI Registered Valuer
(Securities/Financial Assets)

Devinder has a total work experience of more than 30 years as a Finance Manager, General Manager (Finance), GM cum-Company Secretary, Chief Operating Executive, Executive Director, Consultant (Finance)- 27 years in manufacturing companies, 7 years with stock exchange, in practice since July 2012, including consultant finance with PHD Chamber of Commerce and Industry and in practice as Company Secretory since May 2017.
Devinder also has proficiency in handling secretarial functions such as, holding AGM/EGM/BM, etc. and ensuring compliance of applicable laws. Devinder was a insolvency resolution professional for Amira Pure Foods Pvt. Ltd. and has successfully resolved the assignment with a total exposure of INR 1,500 crore. In total, Devinder has done approximately 60 valuation assignments, 7 insolvency matters, 140 arbitration matters, and has been a consultant to various corporates.
Devinder has done his Bachelor’s of Commerce from Rajasthan University in 1972, and Master’s in Commerce from Jivaji University in 1974.
In the professional certifications, Devinder has done FCS from the Institute of Company Secretaries of India, ACMA from Institute of Cost Accountants of India, Insolvency Professional registered with IBBI and Securities & Finance Assets Registered Valuer with IBBI. The areas of expertise include Strategic Financial Planning, Fund Sourcing & Budgetary Control, Finance & Accounts, Secretarial Functions and Auditing/Taxation.

R S Yadav

IP B.Tech. Power Sector Specialist

Advisor

IBBI Registered Valuer
(Plant & Machinery)

Mr. Yadav has a total work experience of more than 35 years in the field of Infrastructure and other EPC projects.
• Executed Project Engineering of multi projects while in NTPC and in Reliance Infrastructure Ltd
• Dy General Manager (O&M) of a large super thermal station with 5x200+2x500MW units
• Director Utility Powertech Ltd (JV of NTPC & RIL with ~ Rs 800 Cr turnover).
• Technical support for Arbitration and Conciliation of multiple EPC Power projects executed by Reliance Infra (Rs 7500 Cr).
• Overall coordination for preparation of Bids for large EPC projects of NTPC and State Electricity Boards
• Carried out viability study of various stalled Thermal Power projects (NPA) as per EOI sought by SBI including Resolution Plan for Lanco Infratech under NCLT (~Rs 4000 Cr).
• Executed more than 50 valuation assignments including large & prestigious companies
• Experience of 4 CIRP/Liquidation assignments
• EPC experience includes Infrastructure projects covering Thermal/ Solar/ Gas/ Nuclear power projects along
with Roads, Housing, Rail, Metro, Airports, Sea water structures, Logistics, Water Supply, Irrigation, Cross Country Pipelines, Effluent / Sewage Treatment, Municipal Solid Waste to Energy projects, FGD & De NOx projects, Mining projects etc.

Deepak Bhavsar

Independent Consultant

Advisor

Planning | Infrastructure Advisory

Mr. Deepak Bhavsar is a brilliant visionary with astute foresightedness in the blue ocean of urban development and multi-sector real estate advisory, Mr. Bhavsar in his previous roles, has incubated verticals like Corporate Advisory, Land Agency, Industrial and Special Economic Zone (SEZ) Advisory and Agency, Education, Healthcare, Senior Living, and Infrastructure Advisory. His core area of interest is working in the convergence of real estate, planning, and sustainability in large urban projects.
With extensive project experience in India, Nepal and Sri Lanka - ranging from urban redevelopment projects, transit-oriented development (TOD) projects (including airports), townships, SEZs, retail studies, tourism studies, affordable housing, business location advisory, valuations and market research, Mr. Bhavsar has an excellent and incisive overview of the urban development dynamics in South Asia.
Mr. Bhavsar has worked as an independent consultant with NIUA working on Value Capture Financing and TOD implementation for Delhi-Meerut RRTS corridor being developed by NCRTC. He is currently working as an Advisor to ARA who is working on the Zonal Plan of Narela, which is a 75sqkm of area in north Delhi. It is being repositioned to house a population of 2 million with new economy drivers.