Nirmal Gangwal is the Founder of Brescon Corporate Advisors, one of India’s leading institutional player in stressed assets advisory business for almost two decades. As a specialist in financial turnaround, he has guided more than 100 corporates across diverse sectors in resolving liabilities of more than USD 15 bn, in both their stress as well as growth phases. Known for his ideation of innovative resolution strategies and creating value propositions for the corporates as well as the creditors, he has established himself as an acclaimed expert on stressed asset resolution. Nirmal has many firsts to his credit including first successful entry & exit under the Corporate Debt Restructuring Mechanism of RBI and conceptualising the development of the “Risk Return Matrix” to demonstrate varying perspectives of risk and rewards in special situations.
Prior to starting Brescon, in the capacity of the Managing Partner of a CA firm, he drove the practices of Audit, Taxation, Company Law and Project Finance for about 15 years. He has served as a director on the boards of several reputed corporates.
Nirmal is a Chartered Accountant and a Company Secretary with an LLB degree.
N. S. Rao
Mr. N.S.Rao has 30 years of commercial banking, venture capital, merchant banking, investment banking, financial restructuring and turnaround consulting experience both in India and abroad.
Mr. Rao worked with Canara Bank, CanBank Financial Services, CanBank Venture Capital Fund in India, and was Senior Intern of World Bank at Top Technologies LLC, London, UK and was Country Head (Managing Director) India, for a Florida (USA) based IT Services Company, Pardeshi.com. He led several VC investments in diverse sectors few which have recorded highest growth rates in Indian Venture Capital sector.
Mr. Rao, has been with Brescon over 15 years and has led several large projects debt syndication advisory, lead managed public issues and had undertaken few of the earliest stressed assets restructuring in the country. Currently, overseeing Stressed Assets Resolution, Restructuring and Recapitalization and had carried out transactions worth over INR 350 bn and large projects Syndication, over INR 50bn.
Mr. Rao has Masters in Economics (MS) and Post Graduate Diploma (PGDIM) from International Management Institute, India, with an outstanding academic record and several scholastic awards throughout including being GSE International Scholar as an Outstanding Young Professional.
Amit Shah has 20+ years of Core experience in Investment Banking, Corporate Finance, Restructuring & Consulting. He has Successfully originated and executed a number of transactions across products (PE/ Debt / Restructuring / Mezz and early stages), sectors (including Hospitality, Real Estate, Pharma, Telecom, Media and Entertainment amongst others) and geographies (including Japan, HK, Singapore and Vietnam) besides significant number of closed transactions within India.
Amit has led and executed some of the marquee structured finance deals in PE and Debt including one of the largest Pharma PE transaction in Vietnam and one of the largest secondary PE transaction in India over this period. He has developed strong relationships with PE investors, Local and International Debt / Mezz providers, Special Situation Funds and Corporates across the region.
Before joining Brescon, he worked with Waterfield Advisors as Director – Head of IB and before that with Avista Houlihan Lokey (Asian JV partner of Houlihan Lokey) as Senior Director – Investment Banking and was a founding member of the JV with Houlihan Lokey
Amit is a MBA (Finance) and CPA (USA). He is also an Avid Technology enthusiast and a Mensan.
Kalpesh Pathak has over 20 years of versatile experience covering the entire gamut of infrastructure project development and investments, including project finance, private equity, structured finance, due diligence, policy reforms as well as contracts & project execution.
His previous experiences in lending as part of IDFC & Piramal Group and in project development with Gammon Infrastructure Projects Limited, provided him deep insights in understanding the challenges faced by lenders as well as developers. In addition, his consulting experience at PricewaterhouseCoopers, private equity experience at Lehman Brothers and experience in policy related matters at Gujarat Infrastructure Development Board, provide him well rounded perspective in devising tailor made solutions for Brescon’s Clients.
At Brescon, Mr. Pathak focusses on providing Special Situation Advisory Services (structured finance, recapitalization, divestments, etc.) to clients in Infrastructure and Real Estate space
Mr. Pathak is an Electrical Engineer with MBA in Finance. He also holds a Diploma in Rail Transport and Economics.
Sandeep Desai has over two decades of experience spread over in corporate finance, structured products, debt resolution and recapitalization. He has been with Brescon for a decade – in two stints, with focus on special situation advisory.
Sandeep has been instrumental in strategizing debt resolution of over 50 corporate, passing through financial challenges, with INR 350 bn of institutional debt.
Sandeep has also been part of the Kotak Investment Banking, where he was responsible for debt resolution and recapitalization practice. Earlier, he has been part of a financial institution and as a banker has transacted over INR 100 bn of debt – involved in project appraisals, lending and recovery functions.
Sandeep holds a Masters Degree in Financial Management from Narsee Monjee Institute of Management Studies, Mumbai and is a Mechanical Engineering graduate from Sardar Patel College of Engineering, Mumbai.