NEW DELHI, India (December 20 2023) – Bringing with him more than 20 years of financial due diligence expertise across a variety of sectors, Ashish Bansal takes on the role of MD and co-leader of India Transaction Advisory Group (TAG), as announced by management consultancy firm Alvarez & Marsal. His appointment begins with immediate effect.
Bansal will work closely with Bhavik Hathi, MD and A&M, overseeing TAG expansions across the Asian region, and they will both work alongside senior leaders based in Australia and China.
Welcoming Ashish to the leadership board, Paul Aversano, MD and global practice leader of A&M’s Global TAG, said: “In another strategic move, we have augmented our capabilities geographically and extended our global network of boots-on-the-ground transaction professionals for helping private equity (PE) and corporate clients become successful investors. Ashish’s appointment demonstrates Global TAG’s continued commitment to elevating capabilities in India in anticipation of growing market demand and doubling our business over the next two years.”
Vikram Utamsingh, country leader and MD for A&M India added: “The PE market in India is currently outperforming all of Asia and was the only country in the region that returned more PE distributions in 2023 than in 2022. Ashish, together with Bhavik, strengthens our ability to help clients capitalise on these market conditions.”
Hathi and Bansal added further: “With the recognition of India as the fastest-growing large economy, we see significant transaction advisory opportunities for private equity and corporate clients. As co-leaders, we will leverage A&M’s trusted advisor position to continue Global TAG’s strategic growth plan in India. We see an increased focus by investors on the evaluation of value-creation opportunities in addition to dealing with risks. A&M’s operator mindset and integrated delivery approach are better placed to help clients maximise value and drive change.”
Bansal brings around 23 years of expertise into his new role at Global TAG, from across the healthcare, life sciences, auto components, diversified industrials, consumer and retail sectors. In his previous role as partner at KPMG India where he worked since 2004, he held several leadership roles including director and associate director. Prior to that, he was an assistant manager at Bennett Coleman & Co. Ltd. and an associate at Ernst & Young.