Deepankar Sanwalka

Deepankar Sanwalka
252, Veer Savarkar Marg, Shivaji Park
400 028
+91 22 6669 1281


Who's Who Legal Arbitration: Expert Witnesses

Deepankar Sanwalka leads the advisory practice of PwC in India and is also a member of the India leadership team of PwC. He is a chartered accountant with over 25 years of experience as a business leader. As part of his professional endeavours, he specialises in the field of forensic accounting, dispute resolution and providing expert witness services to diverse clients. Deepankar established the forensic profession in India in 1995 and is one of the most senior expert witnesses in India.

Deepankar has been cross-examined in several international and Indian arbitrations in complex dispute matters of varying nature. As an expert witness, his experience in disputes and litigations includes, but is not limited to, complex litigation valuations in joint venture and shareholder disputes, evaluation of share purchase methodologies, subsequent determination of valuation of shares, and critical examination of underlying business plans and projections. Deepankar is an expert in arriving at quantum of damages or claims arising from loss of business opportunity, loss of profits, losses arising from wasted expenditure, computing significant quantum of claims in disputes in mega projects or business contracts as arising from premature terminations, breach of contact situations or disagreement between stakeholders, etc. He also assesses regulatory non-compliance and provides independent opinion on accounting and related matters. He comes with extensive experience in expert witness services on behalf of claimants and respondents, preparation of independent quantum reports and rebuttal reports on valuation in dispute situations, quantum of damages or claims or counter-claims. He has experience in international arbitrations and expert witness engagements where experts from both sides have been invited for joint discussions leading to release of joint expert reports and “hot-tubbing” procedures.

Deepankar has been appointed by various national regulators, as a trusted adviser, in dealing with or conducting investigations into sensitive matters of national interest. Over the years several leading Indian businesses have been relying on Deepankar’s professional expertise and advice in dealing with some very sensitive issues, whether it relates to complex commercial disputes or issues related to crisis management involving aspects of white-collar crime, fraud and misappropriation of business assets or monies.

Prior to leading the advisory practice at PwC India, Deepankar led the risk advisory practice at PwC where he played an instrumental role in growth of this practice. Prior to joining PwC, he led the risk consulting practice of another Big Four firm in India, a role he had taken charge of subsequent to establishment of the largest forensic practice in India at that time.

Under Deepankar’s leadership, the forensic and dispute advisory teams have helped organisations worldwide navigate through the world of risk and achieve the highest level of integrity. Having worked on the most complex investigations in India, the team has experience of managing projects in 50-plus countries, with a partner group that has 100-plus years of forensic experience. The group works with businesses globally to provide forensic accounting, dispute advisory, financial analysis and regulatory knowledge to companies confronting corporate investigations, litigation and regulatory enforcement challenges. From offering guidance and assistance to effectively manage compliance with new regulations, the teams play a pivotal role in confronting complex technology challenges.

Deepankar has advised clients across sectors such as infrastructure, real estate, oil and gas, mining and power, information technology, FMCG, automobile, telecom, media and entertainment, financial services and industrial markets.

Deepankar is a past chairman of ASSOCHAM’s (a leading industry body in India) committee on corporate fraud and internal audit and a member of the international arbitration council of ICC (International Chamber of Commerce). He is also a member of the London Court of International Arbitration (LCIA) India Northern India users’ council. He is a former president of the board of the India chapter of the Association of Certified Fraud Examiners, Texas, US.

WWL says: Deepankar Sanwalka is a highly regarded expert witness with particularly deep expertise when it comes to accounting matters.

This biography is an extract from Who's Who Legal: Arbitration which can be purchased from our Shop.

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