Manish Gupta is a Managing Director with Ankura Consulting, currently working out of Gurgaon, Haryana, India and heads Ankura India TAS operations. Manish has over 18 years of experience in valuation services with strong concentration for the U.S. regulatory and tax purposes including valuation of various financial instruments for 409a, ASC 718, ASC 805, ASC 815, ASC 820, and ASC 350. Manish has performed valuation of various financial instruments and complex securities for both private and public companies, including intangible assets, debt, hybrid instruments, warrants, performance stock, preferred stock, ESOPs, embedded derivatives, and contingent considerations. His scope of work included variety of industries, including consumer products, computer hardware/software, technology, telecommunications, energy (oil and gas), retail, healthcare, consulting, financial services, and general manufacturing.
Manish’s specializes in valuation review including purchase price allocation, impairment testing, and investment reviews held by hedge funds, private equity firms, and venture capital firms under ASC 820. In addition, he has extensive experience in the use of option pricing models and Monte Carlo simulation to value options, warrants, management compensation, preferred and common stock, performance based contingent consideration and callable and convertible debt in privately-held companies with complex capital structure.
At Ankura, Manish has extensively worked on ASC 820 valuation for certain hedge funds, including two large funds, covering around 80 investments recurring monthly/quarterly. In addition, he has performed various valuation analysis for regulatory and tax reporting, including, purchase price allocation, impairment testing, and 409a. He has also performed various loan portfolio valuations for ASU 2016-01.
Manish has experience in valuing a broad range of assets and liabilities including, trade names and trademarks; patented and unpatented technology; domain names; in-process research & development; customer
relationships/backlog; non-compete agreements; assembled workforce; Inventory; and deferred revenue.
Examples of his professional experience include:
- Performed monthly recurring valuation for over $1 billion investment done by a hedge fund in various private companies covering industries including technology, commercial and residential real estate, hospitality, travel and tourism, clean energy, telecommunication, data center colocation, retail, satellite and spacecraft, financial services, and manufacturing, for ASC 820 purpose.
- Performed quarterly recurring valuation for approximately $1 billion investment done by a hedge fund in various private companies for IFRS 9 purpose.
- Valued profit interest of a limited liability company worth $300 million using binomial option pricing method.
- Performed BEV of a company worth $1.5 billion in the hospitality industry and allocated the value using option pricing method. Separately valued the profit interest based on performance vesting using Monte Carlo simulation.
In addition, Manish has performed numerous business enterprise valuation and common stock valuation for privately held venture backed companies.