Chitvan Pande

Overview And Experience

Work experience

Chitvan joined RNR in 2002 and is responsible for the advisory arm of RNR.

Prior to joining RNR, Chitvan spent 5 years (1997-2002) in KPMG and worked in the corporate finance division. She has handled a diverse range of assignments including financial modeling, valuations, capital restructuring, business planning, strategic advisory, structuring and fund raising.


Chitvan holds a postgraduate degree in economics from the London School of Economics and bachelors from St Stephen’s college, Delhi

Selected transaction experience

  • Merger advisory to ALSTOM for consolidation of 9 entities in India
  • Assisted Invensys in acquisition of 51% stake from Crompton Greaves
  • Assisted a consortium in fund raising and business plan preparation for an FM radio business
  • Valuation of ICI’s pharmaceutical business in India for the divestiture to a strategic investor
  • Assisted a pharmaceutical company in determining the value of the semi-synthetic penicillin drug line, to assess the opportunity cost of the proposed closure of the same
  • Detailed study for a consulate on the potential of outward investment from India

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Raghu Nath Rai & Co. (“RNR”) is one of the leading firms of Chartered Accountants in Northern India. Mr. Raghu Nath Rai established the firm in 1968 after his separation as senior partner from a well-known local firm.