Pankaj has more than 13 years of experience working with Banks and NBFC. Prior to Joining Marcellus, he was working in Fullerton India Home Finance Company as Finance Head, gaining extensive experience across Indian accounting standards, regulatory reporting, financial control systems and financial statement analysis. He has also worked with ICICI Bank Limited and IDFC First Bank gaining experience in setting up financial frameworks, conceptualization of MIS dashboards cost rationalization & monitoring.
Qualification: Pankaj is a Qualified Chartered Accountant. He has completed his Bachelor’s degree in Commerce from Maharshi Dayanand University
Articles by team Marcellus
Global Compounders Portfolio: Maintaining Discipline amidst Pockets of Excess
Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-30 deeply moated global companies aligned with megatrends, fostering a consistent mid to high teens compounding of free cash flow/earnings. In this newsletter, we present our perspective on valuations in the US market given that we do see signs of excess in S&P 500 valuations. However, these […]
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Slowing Growth + Rising Risks = Quality Lenders finally Outperforming
Loan growth for the banking sector has slowed down to 12% YOY from a peak of 16% and slippages for the higher risk retail lending segments are up anywhere between 2x – 6x vs FY24 levels. The increase in NPAs is a result of: (i) oversupply of credit in the post- Covid retail lending frenzy, […]
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The Brave New World of Middle-Class ‘Gigs’ in India
It seems clear that India has a couple of painful years ahead of it as it grapples with AI reducing the demand for labour in sectors which lie at the heart of middle-class income generation e.g., Financial Services, IT Services, Media and Manufacturing. However, it is also evident that technology is creating new jobs in […]
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