Hrudhyam Varma

• Valued a $1.9 billion real estate loan portfolio for a leading PE fund and assisted senior officers to create a report which was accepted by the Financial Review Committee • Assisted alternative asset managers (VC, PE, HF and BDC) to determine valuations for over $3.0 billion worth of investments held in complex equity and debt instruments, ADRs, bankrupt entities and high growth startups • Valued ADRs and external & local sovereign debt of countries facing default or conflict by incorporating distressed debt analysis, scenario modeling while accounting for liquidity constraints and credit risk • Executed OPM back-solve valuations for diverse range of equity investments by reviewing client investment memoranda, share purchase agreements, articles of association, certificate of incorporation, and complex capitalization tables • Managed up to 10 analysts and valued more than 70 investments every financial quarter focusing mainly on global illiquid debt, growth equity investments, sovereign bonds, and litigation claims

Arrived at a valuation of $45 Million for a private financial services firm by utilizing Discounted Cash-Flow Analysis (DCF) and Comparable Company Analysis (CCA). Advised the client on appropriate spinoff opportunities

Worked as a Equity Research Associate handling research so as to give buy/sell recommendations for client portfolios. Activities that I performed while working there: 1. Evaluated 75 companies in 11 sectors including steel, real estate, financial services, textiles, construction, chemicals and auto ancillary; performing financial valuations, monitoring corporate governance and generating investment advisory reports 2.Worked with the trade desk to ensure smooth trade execution and transaction value maximization for clients. 3. In-charge of training and mentoring interns. Developing an online subscription-based model that provides easy access to financial advisory services 4. 17 investment ideas have been accepted by Fund Manager/Clients which has led to an investment of $ 1.5mn. 5. Expanded fund exposure to four new sectors despite the conservative structure of the fund’s circle of competence.

Reading annual reports, tracking company events, studying the financials and giving an opinion(buy side)

1. Handling stock 2. Keeping a record of daily transactions and constant review of cash flows 3. Researching sales of various outlets and forecasting demand for the same 4. Studying trends of demand related to various products and accordingly drafting the sales budget 5. Monitoring and controlling the company expenses. Analyzing the difference between budgeted and actual spend and reviewing store efficiency 6. Calculation of margin payments of each brand 7. Rotating the capital in and out of the business as and when necessary to maintain good ROIC

. Intern - Kiran K. Shah, a sole-proprietor firm (2011-2014) Accounts & Auditing • Handling day-to-day accounting • Managing vouchers/sales & purchase entries • Updating bank accounts & reconciliation • Compiling requisite documents from completion of audit • Preparing annual accounts (accounts finalization of individuals) & audit of the same • Preparation of audit report Tax audit • Ledger scrutiny • Obtaining relevant and necessary information from management with regards to tax audit • Compliances with income tax act • Preparation of audit report and filling the same with respective authorities Tax returns • Preparation of return of income as per necessity - individual, HUF, partnership etc. • Online filing of returns • Preparation of TDS returns including online filling of the same

Graduated in B.Com from Veer Narmad South Gujarat University, majoring in Auditing and Accounting. Also completed CA from Institute of Chartered Accountants of India in May 2016 and CFA(USA) Level 1 in June 2013.