XLRI PGDM (GM) recently hosted a Fire Chat Interview with Chandresh Ruparel, managing director & Head of India at Rothschild & Co. India Pvt Ltd. The event began with an inaugural address by Imran Farookh, XLRI Jamshedpur, who welcomed the guest speaker
Chandresh Ruparel spoke about several issues and provided a great insight into the fire chat questions posed by the audience. He began discussing the qualities required to be a successful leader in any firm.
Shivangi Sinha and Imran Farookh, the moderators of the event, queried Ruparel on how economic reforms and the debt market in India have evolved since 1991 through the establishment of the NSE and SEBI act.
He emphasized acquisition laws’ evolution in India. He threw light on different stages of mergers and acquisitions and deal-making. The speaker highlighted the importance of innovation and India’s positioning in the world market regarding governance, taxation and interest rates. He gave a gist around the Indian and global deal-making process. He spoke about the steps in the Investment banking sector during the Covid-19 period, preventing the impact on the company and sector. Talking of the market, post covid people have become more sensitive, and mental makeup has changed, which needs to be addressed through communication and an open culture.
Ruparel discussed the main components of the deal-making which are returns on investment, returns on equity, money multiple, and interest rates. The speaker spoke about funded start-ups that should be seen from a long-term perspective giving importance to efficiency and cost optimization. He spoke on how Rothschild helps maintain balance on the part of investment bankers who are expected to be a mix of hyper experts and expert generalists. He gave a birds-eye view of the typical career trajectory of a young investment banking associate at Rothschild starting from analyst level to top leadership roles.
The session ended with a few questions from the audience on the future of investment banking and the usage of technology in the deal-making process. Ruparel put forth his end notes on the growth of India’s GDP and the bright future of the economy.