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Management

Chairman of RBSA Advisors Business Valuation Services India
R. B. Shah | Chairman
rbshah@rbsa.in

R. B. Shah is the Chairman and Founder of RBSA Advisors. Mr. Shah’s vision and entrepreneurial spirit led to the establishment of RBShah and Associates 4 decades back, which has been rechristened as RBSA Advisors subsequently. Ever since, he has been persistently guiding, leading and moulding the Group into a world class company as seen today.

Mr. Shah specializes in Valuation Advisory, Infrastructure related Advisory, and Technical Advisory & Assurance.

Mr. Shah is an Eminent Fellow of Royal Institution of Chartered Surveyors (FRICS), UK. He has also been involved with major Disinvestment and Privatization assignments on behalf of Government of India. He is actively involved with many professional bodies and societies. He is a Civil Engineer as well as Mechanical Engineer. He is also qualified in Law.

Ahmedabad Office:

912, Venus Atlantis Corporate Park, Anand Nagar Road, Prahladnagar, Ahmedabad – 380 015 INDIA

Tel: +91 79 4050 6000

Managing Director and CEO of RBSA Advisors ESOP Valuation
Rajeev R. Shah | Managing Director & CEO
rajeev@rbsa.in

Rajeev is the Managing Director & CEO of RBSA Advisors.

Rajeev leads the teams involved in Investment Banking, Transaction Advisory, Financial Valuations, Business Development and spearheads the major client interactions. His role spans across various verticals ranging from managing the overall development & operations of the company with leadership roles across Business Strategy, Business Development, and Management of various Advisory Practices of RBSA.

Rajeev specializes in Mergers & Acquisitions, Financial Valuations, Due Diligence, Fund Raising Advisory etc.He has also been involved with some of the major Mergers & Acquisition engagements in India, as well as the major Disinvestment and Privatization assignments on behalf of Government of India.

He has also specialized further in Valuation and accredited himself as a Master of Valuation in Real Estate (Gold Medalist) and Master of Valuation in Plant & Machinery (Gold Medalist). Rajeev is also an Eminent Member of Royal Institution of Chartered Surveyors (MRICS), UK.

He has also undertaken executive Management Program from Harvard Business School.

Rajeev is an active speaker at various national & international forums and conferences on Valuation and Mergers & Acquisitions.

He is an Insolvency Professional registered with the Insolvency and Bankruptcy Board of India.

He is empanelled with various banks and Financial Institutions as an Insolvency Professional.

Mumbai Office:

1121, Building No. 11, 2nd Floor, Solitaire Corporate Park, Chakala, Andheri Kurla Road, Andheri (E), Mumbai - 400 093, INDIA

Tel: +91 22 6130 6000

Ahmedabad Office:

912, Venus Atlantis Corporate Park, Anand Nagar Road, Prahladnagar, Ahmedabad – 380 015 INDIA

Tel: +91 79 4050 6000

Director of RBSA Advisors Brands Valuation
Manish Kaneria | Managing Director & COO
manish@rbsa.in

Manish is the Managing Director & COO and co-manages the Valuation Advisory practice of RBSA.

He specializes in Valuation of Real Estate, Valuation of Industrial Assets, Plant & Machinery for Mergers & Acquisitions, Financial Reporting etc. He is also actively involved in Real Estate Advisory and Technical Assurance practices.

Manish is one of the prime movers for RBSA’s growth and actively manages the overall Firm Operations.

He is from Science Faculty and further specialized in Asset Valuation and accredited himself Master of Valuation in Real Estate and Master of Valuation in Plant & Machinery.

Manish is also a Member of Royal Institution of Chartered Surveyors (MRICS), UK.

He is an Insolvency Professional registered with the Insolvency and Bankruptcy Board of India.

Ahmedabad Office:

912, Venus Atlantis Corporate Park, Anand Nagar Road, Prahladnagar, Ahmedabad – 380 015 INDIA

Tel: +91 79 4050 6000

Dubai Office:

2001-01, Level 20, 48 Burj Gate Tower, Downtown, Sheikh Zayed Road, PO Box 29734, Dubai, UAE

Tel : +971 4518 2608
Tel : +971 52 617 3699
Tel : +971 52 382 2367

Director of RBSA Advisors Valuation of ESOP
Mitali Shah | Managing Director & Head (Banking Advisory Services)
mitali@rbsa.in

Mitali is a Managing Director & Head (Banking Advisory Services) and manages the Valuation Advisory and Technical Assurance practice.

Mitali also heads the banking relationships pan India for the firm and actively involved with lenders to understand their business needs, develop solutions and lead projects from inception to final completion.

She is a Civil Engineer and further specialized in Asset Valuation and accredited herself as a Master of Valuation in Plant & Machinery. Mitali specializes in Real Estate and Mortgage Valuation, Portfolio Valuation etc.

Mitali is also a Member of Royal Institution of Chartered Surveyors (MRICS), UK.

She is an Insolvency Professional registered with the Insolvency and Bankruptcy Board of India.

Ahmedabad Office:

912, Venus Atlantis Corporate Park, Anand Nagar Road, Prahladnagar, Ahmedabad – 380 015 INDIA

Tel: +91 79 4050 6000

Delhi Office:

2nd Floor, IAPL House, 23 South Patel Nagar, New Delhi – 110 008, INDIA

Tel: +91 11 2580 2300

Director of RBSA Advisors Investment Banking
Gautam Mirchandani | Managing Director & Head (Business Initiatives)
gautam.mirchandani@rbsa.in

Gautam is the Managing Director (Business Initiatives) and manages the business development activities and new initiatives at RBSA. He brings with him a fresh perspective and global cross-functional expertise. Gautam currently manages and nurtures RBSA’s major client relationships.

A Mechanical Engineer with more than 29 years of management and consulting experience, Gautam has global experience having worked in diverse sector of Industry. His portfolio includes planning, implementation, execution and consulting of various projects.

As Head - Business Initiatives, Gautam is instrumental in business development for the firm. He directly interfaces with clients to understand their business needs, develop solutions and leads projects from inception to final completion.

Gautam along with other Institution Accreditation, he is also a Member of Royal Institution of Chartered Surveyors (MRICS), UK.

Mumbai Office:

1121, Building No. 11, 2nd Floor, Solitaire Corporate Park, Chakala, Andheri Kurla Road, Andheri (E), Mumbai - 400 093, INDIA

Tel: +91 22 6130 6000

Dubai Office:

2001-01, Level 20, 48 Burj Gate Tower, Downtown, Sheikh Zayed Road, PO Box 29734, Dubai, UAE

Tel : +971 4518 2608
Tel : +971 52 617 3699
Tel : +971 52 382 2367

Director of RBSA Advisors Investment Banking
Ajay Malik | Managing Director & Head (Investment Banking Advisory)
ajay.malik@rbsa.in

Ajay leads the Investment Banking Advisory for RBSA Advisors, which has a principal focus on advising clients on equity and debt fund raising and providing advice on their mergers, acquisitions and divestiture needs.

Ajay has over 23 years of experience in Principal Investing, Corporate & Project Lending, Corporate Finance Advisory and Management Consulting. Ajay’s industry exposure spans across a number of sectors including Healthcare, Education, Infrastructure, Manufacturing, Consumer, ITES, BFSI, Real Estate & Hospitality. He has worked with leading Global Financial Institutions and Advisory Firms including IFC - World Bank Group, Standard Chartered Bank, Nomura Research Institute, KPMG and Ernst & Young, working with clients across Middle East, North Africa and Asia.

Ajay is a Chartered Financial Analyst from United States, an MBA in Finance and a Bachelor of Electrical Engineering from India.

Mumbai Office:

1121, Building No. 11, 2nd Floor, Solitaire Corporate Park, Chakala, Andheri Kurla Road, Andheri (E), Mumbai - 400 093, INDIA

Tel: +91 22 6130 6000

Dubai Office:

2001-01, Level 20, 48 Burj Gate Tower, Downtown, Sheikh Zayed Road, PO Box 29734, Dubai, UAE

Tel: +971 4518 2608
Tel: +971 52 617 3699
Tel: +971 52 382 2367

Director of RBSA Advisors Investment Banking
Suchismith Ghosh | Managing Director (Investment Banking Advisory)
suchismit.ghosh@rbsa-advisors.com

Suchismit co-leads the Investment Banking practice at RBSA. and has over 24 years of rich experience in areas including Investment Banking, M&A, Acquisition Financing, Corporate Finance, and Business Development.

Prior to joining RBSA, he has spent more than 12 years with SBI Capital Markets Limited where he was working as Sr. Vice President and spearheaded number of deals (both domestic and cross border), across varied sectors including Telecom, Steel, Chemicals, Automotive, Engineering and a number of other sectors.

He has also spent 10 years of his initial career with Ispat Industries Ltd., where he was part of the Business Development team looking at acquisitions in Philippines, Bulgaria, Turkey, Columbia and a number of other countries.

Suchismit is a post-graduate in Economics from Kolkata University and a Masters in Finance from IISWBM, Kolkata.

Mumbai Office:

1121, Building No. 11, 2nd Floor, Solitaire Corporate Park, Chakala, Andheri Kurla Road, Andheri (E), Mumbai - 400 093, INDIA

Tel: +91 22 6130 6000

Director of RBSA Advisors Investment Banking
Ravishu Shah | Managing Director (Financial Advisory Services)
ravishu.shah@rbsa.in

Ravishu leads the Financial Advisory Services of RBSA and brings with him a rich experience of 23 years in the area of Valuation. His valuation experience encompasses Exchange ratio recommendation, Purchase Price Allocation, Valuation for Transfer Pricing, Negotiation Support, Entry/exit of joint venture partners, etc. across various industries. He is a part of Working Group of ICAI for formulation of ICAI Valuation Standards and a speaker at various forums including ICAI, WIRC, Chamber of Tax Consultants, etc.

Prior to joining RBSA Advisors, Ravishu was an Executive Director with PwC India in Valuations team. He has worked with PwC India for over 18 years and with ACC Limited (Now part of Holcim Group) for over 4 years.

Ravishu is a Chartered Accountant from Institute of Chartered Accountants of India and Master of Finance from Institute of Chartered Financial Analyst of India.

He is an Associate Member of the Institute of Chartered Accountants of India and also a member of Association of Certified International Investment Analysts and Institute of Chartered Financial Analysts of India.

Mumbai Office:

1121, Building No. 11, 2nd Floor, Solitaire Corporate Park, Chakala, Andheri Kurla Road, Andheri (E), Mumbai - 400 093, INDIA

Tel: +91 22 6130 6000

Director of RBSA Advisors Valuation of Brands
Tejal Shah | Director
tejal@rbsa.in

Tejal is a Director and manages the Financial Valuations and Advisory activities of RBSA.

She specializes in Financial Valuations, Valuation of Intangible Assets, Mergers & Acquisitions, Purchase Price Allocations under IFRS and US GAAP and other Financial Reporting matters etc.

She is an Engineer and has completed MMS in Finance. She has actively pursued Financial Valuation as a career path. She has been involved with some of the major Equity and Intangible Valuations that RBSA has performed.

Ahmedabad Office:

912, Venus Atlantis Corporate Park, Anand Nagar Road, Prahladnagar, Ahmedabad – 380 015 INDIA

Tel: +91 79 4050 6000

Director of RBSA Advisors Valuation of ESOP
Arpit Sharma | Director
arpit.sharma@rbsa.in

Arpit Sharma is a Director and manages the Valuation Business Unit Services for RBSA. He has a rich experience of more than 12 years and specializes in the Valuation of Real Estate and Lender’s Engineer Certification for Real Estate Projects. His expertise also includes Environmental, Safety and Quality Engineering.

He holds a graduate degree of Engineering in Civil.

Delhi Office:

2nd Floor, IAPL House, 23 South Patel Nagar, New Delhi – 110 008, INDIA

Tel: +91 11 2580 2300

Director of RBSA Advisors Valuation of ESOP
Sumit Kumar | Director
sumit.kumar@rbsa.in

Sumit leads the Financial Advisory initiative for entire South India and brings rich experience of around 15 Years to RBSA Advisors in the areas of valuation advisory (including valuation for reporting, regulatory and transaction purposes), transaction support, financial feasibility studies, financial modeling, fundraising, mergers & corporate restructuring. He has extensive experience in the valuation of intangibles like brand, patents, trademarks and customer relationships, etc. He has also carried out purchase price allocations (under IFRS and USGAAP) and portfolio valuations (using IPEVC Guidelines). His previous associations have been with esteemed organizations like Deloitte, KPMG, Grant Thornton, BMR Advisors. Before joining RBSA Advisors he was Associate Partner with BDO India.

In his professional career Sumit has worked with Clients in multiple sectors like Financial Services (including life insurance and microfinance), Manufacturing, Infrastructure, IT & ITES (incl. Ecommerce), Travel & Leisure, Luxury Products, Energy and Real Estate. Sumit has an MBA degree in Finance and is a CFA (ICFAI), he is also a cost accountant.

Bengaluru Office:

104, 1st Floor, Sufiya Elite, #18, Cunningham Road, Near Sigma Mall, Bengaluru – 560 052, INDIA

Tel: +91 80 4112 8593
Tel: +91 89685 55356.

Director of RBSA Advisors Valuation of Brands
Ashok Gulla | Partner & Insolvency Professional
ashok.gulla@rbsa.in

Ashok is a Partner & Insolvency Professional in our firm, RBSA Restructuring Advisors LLP and takes assignment as Interim Resolution Professional/ Resolution Professional under Insolvency and Bankruptcy Code, 2016. He also works on Debt Restructuring assignments.

Ashok has more than 33 years of experience in Global and Domestic Banking Industry, retired as Deputy General Manager from State Bank of India (SBI).Worked in various assignment as Branch Head, Credit Officer, Asset – Liability Management and overseas assignment as Vice- President and Head (Credit) in Chicago (USA) during his tenure with SBI.

He has acquired wide exposure in appraisal, sanction and monitoring of loan to Corporate involving understanding of Credit Risk and Financial Management. Actively involved in Resolution of Stress Assets by finalization of restructuring packages under various schemes.

He has done M.Sc., M. Phil in Physics and further acquired Professional qualifications as Cost Accountant and MBA (Finance).

He is registered as Insolvency professional(IP) with Insolvency Bankruptcy Board of India (IBBI).

He is empanelled with various banks and Financial Institutions as an Insolvency Professional.

Delhi Office:

2nd Floor, IAPL House, 23 South Patel Nagar, New Delhi – 110 008, INDIA

Tel: +91 11 2580 2300

Director of RBSA Advisors Valuation of ESOP
Pardeep Sethi | Partner & Insolvency Professional
pardeep.sethi@rbsa.in

Pardeep is a Partner & Insolvency Professional in our firm, RBSA Restructuring Advisors LLP and handle Investment Banking & Restructuring practices.

He has been a Banker with 31 years of demonstrated career success in handling the entire gamut of banking operations encompassing strategic planning, Project Appraisal, Credit Monitoring, Debt Syndication.

His immediate past profile, since the last 6 years, as Head - Investment Banking showcases his expertise in identifying, negotiating, structuring and executing Investment Banking transactions (merchant banking, debt syndication, resolution of stressed assets, corporate advisory services etc.) for emerging growth companies; managing investment banking relationships with key strategic clients, advising them on strategic initiatives and formulating business plans in addition to advising on leveraged/structured transactions.

Pardeep holds Masters in Business Administration and Chartered Financial Analyst.

He is an Insolvency Professional registered with the Insolvency and Bankruptcy Board of India.

Mumbai Office:

1121, Building No. 11, 2nd Floor, Solitaire Corporate Park, Chakala, Andheri Kurla Road, Andheri (E), Mumbai - 400 093, INDIA

Tel: +91 22 6130 6000

Director of RBSA Advisors Valuation of ESOP
Ravi Loonkar | Partner & Insolvency Professional
ravi.loonkar@rbsa-advisors.com

Ravi is an Insolvency Professional and Partner in our firm, RBSA Restructuring Advisors LLP. He offers a complete bouquet of services for companies which are under stress and is also focusing on corporate insolvency resolution including acting as Interim Resolution Professional/ Resolution Professional, transaction advisory and buy-side advisory.

Ravi has 34 years of experience in Banking & Financial Services Industry at senior management level as well as in the corporate sector. During his professional career, he had worked with IFCI as Chief General Manager heading their Delhi and Hyderabad Offices, Vice President, GE Capital, and Head- Special Situations & Stressed Assets, SBI Capital Markets Ltd.

He has the core competency in stressed assets resolution, financial restructuring, structured/special situations financing, etc.

He is a Chartered Accountant and Company Secretary and also registered as Insolvency professional(IP) with Insolvency Bankruptcy Board of India (IBBI). He is empaneled with various Banks and Financial Institutions as an Insolvency Professional.

Delhi Office:

2nd Floor, IAPL House, 23 South Patel Nagar, New Delhi – 110 008, INDIA

Tel: +91 11 2580 2300

Director of RBSA Advisors Valuation of ESOP
Kumar Rajan | Partner & Insolvency Professional
kumar.rajan@rbsa-advisors.com

Rajan is a Partner and Insolvency Professional in the Firm RBSA Restructuring Advisors LLP. He has more than 35 years of experience in the Banking Industry and has recently retired as a General Manager from State Bank of India. He has worked in various verticals of the Bank, and has rich experience and expertise in Retail Banking, Corporate Credit, Debt Restructuring, Industrial Rehabilitation, Stressed Assets Management and Information Technology during his tenure in State Bank of India.

His last assignment in SBI was the Head of Stressed Assets Management and Resolution activities for large ticket NPAs for the Southern Zone of the Country, culminating a long association with the Stressed Assets Management Vertical of State Bank Group.

Rajan is a Master of Science and is a Certified Associate of the Indian Institute of Bankers.

Bengaluru Office:

104, 1st Floor, Sufiya Elite, #18, Cunningham Road, Near Sigma Mall, Bengaluru – 560 052, INDIA

Tel: +91 80 4112 8593
Tel: +91 89685 55356.

Senior Advisors of RBSA
Alok Kumar Bose | Partner & Insolvency Professional
alok.bose@rbsa-advisors.com

Alok is a Partner & Insolvency Professional in the Firm RBSA Restructuring Advisors LLP. He has more than 37 years of experience in Banking Industry, and has recently retired as a General Manager from State Bank of India. He has worked in various verticals of the Bank, and has rich experience and expertise in Retail Banking, Corporate Credit, Debt Restructuring, Industrial Rehabilitation, Stressed Assets Management, Strategic Leadership and Team Management during his tenure in State Bank of India.

His last assignment in SBI was the Head of Stressed Assets Management and Resolution activities for large ticket NPAs for the Eastern Zone of the Country, culminating a decade long continuous association with the Stressed Assets Management Vertical of State Bank Group.

Alok is a Master of Science, and is a Certified Associate of the Indian Institute of Bankers. Alok has also completed a course on High Stakes Negotiation Skills” at Harvard Business School, Boston, USA in 2016.

Kolkata Office:

9th Floor, KAHM Tower, 13, Nellie Sengupta Sarani, Kolkata, INDIA – 700 087

Tel: +91 33 4603 4731

Director of RBSA Advisors Transaction Structuring Advisory Services
Amish Patel | Senior Advisor
amish.patel@rbsa.in

Amish is the Senior Advisor and co-manages the Valuation Advisory practice of RBSA.

He specializes in Valuation of Real Estate, Valuation of Industrial Assets, Plant& Machinery for Mergers & Acquisitions, Financial Reporting etc. He is also actively involved in Infrastructure Advisory and Technical Assurance practices.

Amish is an active and eminent speaker on Valuation matters, and has been at the forefront of imparting knowledge in the Valuation profession. Previously he has worked as a Faculty at the Centre for Valuation Studies, ISTAR.

He is an Electrical Engineer and further specialized in Asset Valuation and accredited himself as a Master of Valuation in Real Estate and Master of Valuation in Plant & Machinery. Amish is also qualified in Law.

Amish is also a Member of Royal Institution of Chartered Surveyors (MRICS), UK

Ahmedabad Office:

912, Venus Atlantis Corporate Park, Anand Nagar Road, Prahladnagar, Ahmedabad – 380 015 INDIA

Tel: +91 79 4050 6000

Bengaluru Office:

104, 1st Floor, Sufiya Elite, #18, Cunningham Road, Near Sigma Mall, Bengaluru – 560 052, INDIA

Tel: +91 80 4112 8593
Tel: +91 97435 50600

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