About
An independent practice built around analytical rigour.
Volaxi exists to give advisory teams and transaction principals access to senior analytical execution without adding permanent headcount.
Firm Philosophy
Transactions fail on assumptions, not spreadsheets. The value of analysis lies in how clearly it exposes what a decision depends on.
Volaxi builds analysis that can be interrogated: structured for review, documented for defence, and specific enough to act on. The output is deliberately plain — legible models, stated assumptions, and conclusions that do not overreach the evidence.
Point of View
Financial analysis should do more than satisfy a process. It should improve the quality of decisions.
Most transaction analysis is produced to complete a checklist. Volaxi treats the analysis as the deliverable and the checklist as a by-product.
Founder
CA Pranay Bhansali
CA Pranay Bhansali is the Founder & Principal of Volaxi.
Chartered Accountant (ICAI, 2021). Before establishing Volaxi, he spent four years as a Senior Research Analyst within a family office investment team at Elkin Capital, supporting investment decisions through financial modelling, business valuation, financial analysis and investment underwriting. His work focused on evaluating listed and private businesses through integrated financial analysis, accounting quality assessment, capital allocation, cash flow analysis and commercial due diligence.
At Volaxi, he applies the same analytical discipline to support boutique investment banks, transaction advisory firms, corporate finance advisors and founder-led businesses on transaction-related engagements. Analysis is written for a reader who will challenge it, and structured so that challenge is easy to answer.
Core areas: financial modelling, business valuation (DCF, trading comparables, transaction comparables) and financial due diligence support — earnings quality, working capital and cash flow analysis. Based in Bengaluru, India.
Professional Values
Evidence before conclusion
Every number is traceable to a source. Where evidence is thin, the limitation is stated rather than smoothed over.
Independence
No product to sell alongside the analysis. The engagement is the work, and the conclusion follows the data.
Confidentiality
Deal information is handled under strict confidentiality, with segregated files and controlled distribution.
Senior execution
The person scoping the engagement is the person building the model. Work is not delegated down a pyramid.
Timeline
2017 – 2020
Articled Assistant, Sharma & Pagaria, Chartered Accountants
Three years of audit, accounting and statutory work forming the technical grounding in financial statement analysis.
2021
Qualified as a Chartered Accountant
Admitted to The Institute of Chartered Accountants of India. B.Com, Sri Bhagawan Mahaveer Jain College, Bengaluru.
2021 – 2025
Senior Research Analyst, Elkin Capital (Family Office)
Four years of buy-side research across technology, semiconductors, healthcare, industrials and Indian consumer businesses, together with financial analysis on lower middle-market acquisition opportunities.
December 2025
Volaxi established
Independent practice formed to provide transaction-grade financial analysis to advisory firms and transaction principals, based in Bengaluru.
Discuss an Engagement
If you require support with financial modelling, business valuation or financial due diligence for a live transaction or strategic engagement, we'd be pleased to discuss your requirements.