Siddharth Pemawat

Senior Chartered Accountant with 12+ years of post-qualification experience, specialising in financial analysis, statutory audit of large corporates and Ind AS financial reporting. Combines deep technical audit expertise — built at Kalyaniwalla & Mistry LLP and across 70+ annual statutory audit assignments — with strong Ind AS implementation knowledge (ICAI Diploma holder) covering Ind AS 115, 116, 109, and consolidation. Experienced in leading audit teams, managing client relationships, and delivering high-quality audit opinions across manufacturing, trading, and financial services sectors.

I am also contributed in building models which creates an investment portfolio meeting client goal.

Founder & Engagement Partner - Excellent Services (Financial Consulting Firm)

(2018-04)

Founded and scaled a 10+ member practice managing 70+ statutory audit and 100+ GST audit assignments annually

• Conducted statutory audits of large manufacturing and trading entities — covering plant operations, inventory valuation (Ind AS 2), fixed asset verification, cost controls, and financial reporting integrity under Ind AS / IGAAP.
• Prepared, reviewed, and finalised Ind AS-compliant financial statements for manufacturing and trading entities — ensuring accurate application of applicable standards and full compliance with Schedule III disclosure requirements.
• Executed 70+ Income Tax audit assignments (Form 3CA/3CB/3CD) annually — covering complex areas including disallowances, depreciation schedules, related-party transactions, and international taxation provisions.
• Performed Bank Audits (concurrent, stock audit, and limited review) for scheduled commercial banks — assessing credit exposure quality, NPA classification, provisioning norms, and RBI regulatory compliance.
• Managed 100+ GST audit assignments per annum — including GSTR reconciliations, scrutiny notices, demand resolutions, and appeal representations before GST authorities.
• Handled Income Tax assessments and scrutiny proceedings — drafting submissions, representing clients at departmental hearings, and securing favourable resolutions.
• Prepared CMA reports and project finance documentation enabling clients to raise bank finance for capital-intensive manufacturing projects.
• Delivered business advisory and due diligence engagements covering corporate restructuring, risk assessment, and strategic financial planning for SME and mid-market clients.

Assistant Manager – Statutory Audit - Kalyaniwalla & Mistry LLP

(2016-06 - 2018-03)

Top 10 CA Firm, PCAOB Registered

• Led end-to-end statutory audits of large corporates — from engagement planning, scoping, and risk assessment through fieldwork execution, evidence evaluation, and final audit reporting under the Companies Act 2013.
• Reviewed and evaluated compliance with Ind AS standards including Ind AS 115 (Revenue), Ind AS 116 (Leases), Ind AS 109 (Financial Instruments), and Ind AS 16 (PPE) — ensuring appropriate accounting treatments and adequate disclosures in financial statements.
• Assessed Internal Financial Controls over Financial Reporting (ICFR) as required under Section 143(3)(i) of the Companies Act — designed test plans, executed walkthroughs, and reported control deficiencies with remediation recommendations.
• Prepared and reviewed CARO 2016 reports, ensuring completeness and accuracy of all applicable clauses covering fixed assets, inventories, loans, statutory dues, and related-party transactions.
• Managed client relationships during the audit cycle — coordinating with CFOs, finance teams, and audit committees; presenting audit findings and management letter observations.
• Supervised and mentored a team of audit staff — reviewing working papers, ensuring quality standards, and providing technical guidance on complex accounting issues.

Manager – Finance & Operations - Reliance Industries Ltd.

(2014-12 - 2016-05)

Fortune 500

• Oversaw end-to-end logistics vendor payment operations — ensuring timely reconciliations, internal financial control compliance, and accurate cost accounting.
• Identified a systemic inefficiency in vendor payment workflows and submitted a structured process improvement proposal via Reliance's internal 'Kurukshetra' platform — approved and implemented company-wide.

Chartered Accountant (CA) - Accounting - ICAI

Chartered Financial Analyst (CFA) - Finance - CFA Institute, USA

Diploma in Ind AS - Ind AS Financial Reporting - ICAI

Diploma in Information Systems Audit / ISA - Information Systems Audit - ICAI