EY Turnaround

and Restructuring
Strategy
July 2022
An integrated and seamless platform to serve
stakeholders across the business lifecycle
EY Turnaround and Restructuring Strategy - comprehensive bouquet
of services
Capital Allocation and
New Debt Raising
Stress and Growth
• Financial restructuring
• One time settlements
• Debt refinancing
• Loan portfolio sale
• Debt raising under
complex structures
Pan India presence – Delhi,
Mumbai, Hyderabad,
Chennai, Kolkata, Pune
Private credit funds
Formal Crisis Stabilization Government Debt
Insolvency and Operational Raise/ Debt Raise and
Turnaround Syndication
Distress Suboptimal Stress and Growth
Performance
• Resolution Professional • Cash and Business • Project finance
services to manage monitoring services • Working capital finance
operations and facilitate Crisis management &
• • Acquisition finance
a resolution stabilization
• ECBs/Bonds
• Sell side transaction • Interim management
services services
• Post acquisition • Operational turnaround
monitoring services
• Bid advisory services
Largest restructuring Multi dimensional team with Collaborating with the
platform in the country mix of sector specialists, Government on solving their
200+ strong team / 12 subject matter experts, most critical issues
partners bankers
Multinational foreign
Asset reconstruction Banks and financial
parents and Indian
companies institutions
corporates
The Turnaround and Restructuring pendulum

Cash flow good Cash flow poor

Turnaround and
Restructuring
New Strategy
Formal
Independent
business & strategic 1 Debt raise Insolvency
review
5 Insolvency & liquidation of
operations
Debt Operational
Restructuring Turnaround
Short to medium term
2
cash flow forecasting &
management 4 Interim & crisis management;
Turnaround services

Capital reallocation and

3
financial restructuring

Success Stressed Distressed Insolvent

Supporting Turnaround Stress Indicators

1 Acquisition finance 1 Cashflow mismatch

2 Finance - working capital, project, forex 2 High finance costs/ Default in debt servicing

3 Operational turnaround 3 Key Managerial exits/ PE Exits

4 Cash for growth 4 Non core businesses and closures

5 Interim Management to provide bandwidth 5 Delay in vendor payments, statutory dues etc.

We preserve, raise, optimize your While we also clean up post disaster, we

business value take most pride in helping avert one!
 200+
Teams member
Market Diverse talent
First Leaders pool – CAs,
in Turnaround and engineers,
Movers
Restructuring management
Landscape graduates, lawyers

Panel of external experts

(CEOs/ CFOs/ ex Bankers) to draw upon

India’s largest
network on Turnaround
& Restructuring on LinkedIn -
11K+ members

Trusted Advisor Thought leaders One

to varied Stakeholders - Dedicated platform
lenders, private credit to manage crisis and create
funds and corporates growth opportunities
#CrisisManagement
#Turnaround
#Debtraise
#CashflowManagement
#InterimManagement
#IBC
#RestructuringStrategies

#DebtRestructuring
#StrategicBuyAndSell
#PostAcquisitionIntegration
We have worked on some of the most marquee
cases in recent times

1 2 3 4
Capital allocation Formal Crisis stabilization Government debt
and new debt raising insolvency and operational raise/ debt raise
Insolvency and Bankruptcy Code Debt Size : US$37 Bn + turnaround and syndication

Suboptimal
Stress Distress Growth
performance

Debt Raise and Syndication Deal Value: US$9 Bn +

Financial Restructuring Deal Value: US$50 Bn +

Kesoram Industries Limited Dewan Housing Bombay Rayon MP Government

Debt settlement Finance Limited Fashions Limited Debt raise via
First Insolvency of Operational monetization
Financial Service restructuring of cashflows
Provider (FSP) & business turnaround
Jaypee Group
Financial restructuring
Amtek Auto Bhushan Power Oriental
Limited and Steel Limited Infrastructure
One of the largest IBC Operations & Limited
Patel Engineering case in the RBI dirty Management post Debt raise
Financial restructuring dozen list insolvency under Invit structure

Ruchi Soya Café Coffee Day Alstom Transport

Shapoorji Pallonji Industries Limited Interim Limited
First one-time restructuring Largest FMCG company Management role Debt raise under
(OTR) undergoing insolvency make in India Campaign

Orchid Pharma Sintex BAPL ONGC Petro

Jain Irrigation Limited Business & Additions Limited
Financial restructuring Resolution plan cashflow monitoring Debt raise/conversion
implemented through
digital means only
during 1st nationwide
NAHI
lockdown
Debt Raise
Turnaround and Restructuring Strategy –
All India Partner Group
Abizer Diwanji
Partner, Mumbai
National Leader – Financial Services
abizer.diwanji@in.ey.com
+91 9892333370
Dinkar Venkatasubramanian
India Head, Turnaround and
Restructuring Strategy
dinkar.venkatasubramanian@in.ey.com
+91 9971794600

Nitin Jain Shailendra Ajmera

Partner, Delhi Partner, Delhi
Capital allocation & new debt raising Insolvency related services
Nitin.j@in.ey.com Shailendra.Ajmera@in.ey.com
+91 9899706167 +91 98100 58094

Bharat Gupta Ramkumar SV

Partner, Mumbai Partner, Hyderabad
Crisis stabilization & operational Government Debt Raising
turnaround
ramkumar.sv@in.ey.com
Bharat1.Gupta@in.ey.com +91 9000992270
+91 9167055555

Vishal Bansal Pulkit Gupta Suyog Karmarkar

Partner, Mumbai Partner, Delhi Partner, Mumbai
vishal.bansal@in.ey.com pulkit.gupta@in.ey.com Suyog.Karmarkar@in.ey.com
+91 9833076245 +91 9810582723 +91 9167660016

Lokesh Gupta Vishal Joishar Abhishek Dasgupta

Partner, Mumbai Partner, Mumbai Partner, Mumbai
lokesh.gupta@in.ey.com vishal.joishar@in.ey.com
abhishek.dasgupta@in.ey.com
+91 9948170614 +91 9820324432
+91 9833009523

Partha Guha Anoop Narayan

Partner, Delhi Partner, Hyderabad
partha.guha@in.ey.com anoop.narayan@in.ey.com
+91 9811708283 +91 8886599940
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A decade of market leading position in successfully
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Y e a r s restructuring and turnaround solutions.

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