Deepak Desai
Mutual Funds, Accounting & CFO Services
AMFI-registered Mutual Fund Distributor (ARN-14641) with his own practice for more than 35 years. Leads accounting and CFO services, and is an Associate Certified Pranic Healer.
Global Capability Centre · Mumbai
Your financial modelling and finance team in India.
A Global Capability Centre for international investors and companies: financial models, reporting and finance operations, plus support setting up in India. Led by a Chartered Accountant and CFA charterholder, backed by 35+ years of practice.
Serving offices across Canada, Europe and Australia, including private equity firms, law firms and family offices.
Project finance model
Equity IRR14%
Min DSCR1.35x
EBITDA margin22%
Scenario Lender case · Illustrative figures
35+Years of independent practice
CA · CFASenior review on every deliverable
4.5+ yrsDeloitte Financial Advisory experience
For global clients
Two ways we work with global clients.
Use us as your capability centre in India, your partner for setting up here, or both: senior-led work in your formats, without building a team from scratch.
Capability centre
Your modelling and analysis team in India
An extension of your team for modelling, analysis and reporting, without the cost and time of setting up your own centre.
- Dedicated analysts working to your templates and standards
- Project finance, three-statement and valuation models
- Monthly and quarterly reporting packs and Power BI dashboards
- Model updates, reviews and lender or investor data requests
India footprint
Setting up and operating in India
Practical, on-the-ground finance support for global companies establishing and running an Indian presence.
- Accounting setup and chart of accounts aligned to group reporting
- Monthly close and reporting to headquarters in your format
- Fractional CFO for your India entity
- Compliance coordination with tax and secretarial advisers
Engagement models
Dedicated teamNamed analysts working on your mandates, on a monthly retainer.
Project-basedA defined scope and fee for a specific model or deliverable.
On demandFlexible hours for reviews, updates and peak periods.
Financial modelling
Models built for lenders, investors and boards.
Integrated, audit-friendly Excel models with clear inputs, transparent calculations and decision-ready outputs.
Integrated three-statement models
Fully linked income statement, balance sheet and cash flow: the foundation for budgeting, fundraising, lender reporting and strategic decisions.
MonthlyQuarterlyAnnualMulti-entity & consolidation
What the model covers
- Revenue drivers by product, customer or region
- Working capital and cash conversion
- Debt, interest and covenant tests
- Balance and error checks
- Scenario switches and sensitivities
- Budget vs actual tracking
Valuation and transaction support
The analysis behind investment decisions, fundraises and M&A, prepared to the standard expected by investment committees.
DCFTrading comparablesPrecedent transactionsLBO
What we deliver
- DCF with WACC build-up
- Comparable companies and transactions
- LBO and returns analysis
- Sum-of-the-parts valuation
- Model reviews and audits
- Data-room and Q&A support
Pharmaceutical and life sciences models
Valuation and business models for drug pipelines, generics portfolios and manufacturing businesses, built around the milestones and risks specific to the sector.
Pipeline & rNPVGenericsAPI manufacturingLicensing deals
What the model covers
- Product portfolio revenue and margin build
- Risk-adjusted NPV (rNPV)
- Peak sales and launch uptake curves
- Patent expiry and generic erosion
- Licensing milestones and royalties
- API capacity and utilisation
Mining project and company models
Life-of-mine models for development and producing assets, built around the mine plan and linked through to valuation, funding and returns.
Open-pitUndergroundDevelopment projectsProducing assets
What the model covers
- Reserves, resources and mine schedule
- Production, strip ratio and grade
- Commodity price decks and FX
- Opex per tonne and sustaining capex
- Closure and rehabilitation provisions
- NPV, IRR and payback by scenario
Power BI dashboards and reporting
Turn models, ledgers and portfolio data into interactive dashboards that update automatically, so management sees the numbers without waiting for spreadsheets.
Management MISBoard packsPortfolio dashboardsProject monitoring
What we deliver
- Data models linked to accounts and spreadsheets
- Automated monthly MIS
- KPI and covenant tracking
- Budget vs actual and variance analysis
- Drill-down by entity, region or asset
- Handover and training for your team
Renewable energy project finance
Models for solar, wind, hybrid and battery storage projects, from early feasibility through financial close and into operations, structured the way lenders and equity investors expect.
Solar PVWindHybridBattery storagePortfolio models
What the model covers
- P50 / P90 generation cases
- PPA, merchant and tariff structures
- Capex, construction schedule and drawdowns
- Debt sizing and sculpting to target DSCR
- DSRA, maintenance reserves and cash waterfall
- Project and equity IRR, NPV and payback
Sample outputs
What our work looks like
Screens from the kind of models and dashboards we deliver. Client files are confidential, so the figures shown are illustrative.
Solar_150MW_Model.xlsx
fx
=CFADS / Target_DSCR| A | B | C | D | E | F | |
|---|---|---|---|---|---|---|
| 1 | Cash waterfall (₹ Cr) | FY28 | FY29 | FY30 | FY31 | FY32 |
| 2 | Revenue | 62.4 | 63.1 | 63.8 | 64.2 | 64.9 |
| 3 | Operating costs | (9.8) | (10.1) | (10.4) | (10.7) | (11.0) |
| 4 | Tax paid | (2.5) | (2.3) | (2.2) | (2.1) | (2.1) |
| 5 | CFADS | 50.1 | 50.7 | 51.2 | 51.4 | 51.8 |
| 6 | Senior debt service | (37.1) | (37.6) | (37.9) | (38.1) | (38.4) |
| 7 | DSCR | 1.35x | 1.35x | 1.35x | 1.35x | 1.35x |
| 8 | DSRA (top-up) / release | (1.2) | – | – | – | – |
| 9 | Cash to equity | 11.8 | 13.1 | 13.3 | 13.3 | 13.4 |
| 10 | Target DSCR | 1.35x |
InputsOperationsDebtWaterfallReturnsChecks
Solar_150MW_Model.xlsx
fx
=TABLE(Tariff_Adj, Capex_Adj)| A | B | C | D | E | F | |
|---|---|---|---|---|---|---|
| 1 | Equity IRR | Capex −10% | −5% | Base | +5% | +10% |
| 2 | Tariff −10% | 13.2% | 12.0% | 10.8% | 9.6% | 8.4% |
| 3 | Tariff −5% | 14.8% | 13.6% | 12.4% | 11.2% | 10.0% |
| 4 | Tariff base | 16.4% | 15.2% | 14.0% | 12.8% | 11.6% |
| 5 | Tariff +5% | 18.0% | 16.8% | 15.6% | 14.4% | 13.2% |
| 6 | Tariff +10% | 19.6% | 18.4% | 17.2% | 16.0% | 14.8% |
InputsOperationsDebtWaterfallSensitivitiesChecks
Company_3S_Model.xlsx
fx
=Total_Assets − Total_Liabilities_Equity| A | B | C | D | |
|---|---|---|---|---|
| 1 | Summary (USD m) | FY25A | FY26E | FY27E |
| 2 | Revenue | 420 | 498 | 586 |
| 3 | EBITDA | 76 | 94 | 115 |
| 4 | EBITDA margin | 18.1% | 18.9% | 19.6% |
| 5 | Net income | 41 | 52 | 66 |
| 6 | Closing cash | 38 | 47 | 61 |
| 7 | Total assets | 612 | 684 | 771 |
| 8 | Liabilities + equity | 612 | 684 | 771 |
| 9 | Balance check | 0.0 ✓ | 0.0 ✓ | 0.0 ✓ |
InputsP&LBalance sheetCash flowSummaryChecks
Management dashboard · Power BI
Group performanceFY27 · Month 9
Revenue YTD₹184 Cr+12% vs budget
EBITDA margin21.6%+1.4 pts
Cash₹42 Cr31 days cover
Debtor days48+3 days
Revenue vs budget (₹ Cr)
Revenue by segment
- Domestic 46%
- Export 32%
- Services 22%
Our approach
How an engagement works.
A clear, repeatable process, so you always know where things stand and what comes next.
1
Scope
We agree the mandate, deliverables, formats and timelines with your team.
2
Build
We build the model or set up the process, sharing drafts early for feedback.
3
Review
Senior review and integrity checks before anything reaches you.
4
Deliver & support
Handover, walkthrough and ongoing updates as your situation changes.
Our team
The people behind the practice.
Big-firm modelling experience combined with more than three decades of client relationships.
Rhythm Desai, CA, CFA
GCC Practice Lead · Academy
Chartered Accountant and CFA charterholder with 4.5+ years at Deloitte Financial Advisory. Leads the GCC practice, building it around client service, and heads the Academy.
LinkedInProfile (PDF)HG
Hiten Gohil
Manager
Manages day-to-day operations and serves as a secondary point of contact.
Alka Thakkar
Wellbeing
Leads the Wellbeing vertical, with expertise in astrology and more than 10 years of pranic healing practice. Your first contact for wellbeing sessions.
Also from Desai Finance
For businesses, families and learners in India.
Our practice also serves clients in India directly, through CFO services, mutual fund distribution, training and wellbeing sessions.
CFO services & mutual funds
Fractional and export CFO support, portfolio reporting, and mutual fund distribution (ARN-14641).
ExploreDesai Finance Academy
Practical courses in Excel, financial modelling and investment banking. 300+ students trained.
ExploreWellbeing
Sessions in vastu, pranic healing and astrology.
ExploreContact
Tell us about your mandate.
Whether you need a model built, a team in India, or help setting up here, tell us what you need. We reply within 24 hours and will set up an initial call with the right person.
Book a 30-minute call Download credentials (PDF)
hello@desaifinance.com
Mumbai, India · Serving Canada, Europe and Australia