Kolkata, West Bengal, India
Shivam Kayal is a Chartered Accountant (CA) who has also completed all levels of the CFA and FRM programs, bringing strong analytical and financial modeling skills. His professional experience spans financial due diligence, valuation, and audit engagements across sectors such as manufacturing, healthcare, and packaging during his time at BDO India and R.K. Gadhwala & Co. He is deeply passionate about the fields of Investment Banking, Equity Research, Venture Capital, and Startups — with a keen interest in understanding how businesses are valued, capital is raised, and strategies are executed to create long-term value. Shivam aims to build his career in front-end, research-driven roles where he can evaluate companies, track market trends, and contribute to investment decisions or business growth. He aspires to work in a fast-paced, intellectually stimulating environment that combines finance, strategy, and innovation, while learning from visionary founders, investors, and industry leaders shaping the future of India’s startup ecosystem.
Statutory Audit • Led engagement teams for statutory audits of private companies and LLPs in aluminium, cement and food processing sectors, analysing financials for entities with turnover exceeding ₹50 crore. • Performed in-depth analysis of financial statements, evaluating expense viability, variance trends, and underlying business rationale to ensure accuracy and compliance. • Tested design and effectiveness of 20+ internal controls, including SOD and approval workflows, identified 5+ material weaknesses and contributed to audit reporting and recommendations. • Managed physical asset counts for 5 clients and reconciled asset registers for 7 statutory audit engagements, ensuring accuracy, completeness, and reliability of fixed asset reporting
Financial Due Diligence • Part of the team supporting buy-side and sell-side transactions for multiple marquee venture capital firms with AUMs ranging from $150M to $500M+, delivering investor-grade diligence reports. • Authored detailed reports summarizing financial analysis, including payroll reviews, fixed asset assessments, ageing analysis of trade receivables/payables and related party transactions. • Worked on 4+ due diligence deals across manufacturing, healthcare, and packaging, preparing databooks, analyzing historical financials, reviewing key contracts, and assessing operational metrics. • Key deals worked on include due diligence for a $10 million fundraise by a sustainable packaging startup and the acquisition of a textile company by a ₹1000+ crore revenue listed entity.