Divestiture Advisory
End-to-end support for companies selling business units or assets, including transaction strategy, positioning, buyer coordination, and execution oversight to help preserve value and reduce disruption.
Navigate complex separations with strategic carve-out and divestiture services designed for large enterprises seeking value preservation, clean transitions, and execution confidence. Transjovan Capital supports leadership teams through transaction planning, buyer readiness, separation strategy, and post-close coordination to reduce disruption, protect business continuity, and maximize deal outcomes.
Focused advisory support for complex business separations, portfolio optimization, and transaction execution.
End-to-end support for companies selling business units or assets, including transaction strategy, positioning, buyer coordination, and execution oversight to help preserve value and reduce disruption.
Operational readiness planning for the first day after separation or transaction close, helping leadership teams maintain continuity across people, systems, governance, and reporting.
Structured integration and synergy management support for retained and acquired entities, with workstream coordination, dashboard tracking, and board-ready reporting after complex transactions.
Portfolio and corporate development support for enterprises managing multiple strategic initiatives, including annual reviews, JV evaluations, and transaction pipeline prioritization.
Advisory for evaluating, structuring, and integrating joint ventures when a carve-out, partnership, or shared ownership model offers stronger strategic value than a full sale.
Independent strategic and M&A support for enterprises pursuing divestitures, acquisitions, integrations, and broader portfolio transformation with experienced partner-led execution.
We begin by evaluating the business unit, strategic rationale, value drivers, and separation perimeter. This includes identifying operational dependencies, standalone requirements, and transaction priorities so leadership has a clear roadmap before going to market.
Clients rely on us for senior-led judgment, transaction depth, and practical execution support.
Every mandate is led by senior advisors with deep M&A and operating experience.
We support complex transactions across the United States, Europe, India, and APAC markets.
Our approach emphasizes Day-1 readiness, integration discipline, and synergy capture after close.
Since 2011, the firm has advised 250+ clients on transactions exceeding USD 15 billion.
Experienced leaders guiding high-stakes strategic transactions.
Managing Partner
Gaurav Asthana is the Managing Partner at Transjovan Capital and brings more than 21 years of experience in mergers and acquisitions and private equity. An ex-Ernst & Young and KPMG professional, he is widely recognized for cross-border M&A execution across four continents. He has advised Fortune 500 corporations, large conglomerates, and private equity funds on cumulative transactions worth USD 15 billion. His experience includes retained buy-side mandates for globally recognized enterprises such as Blackstone, Mahindra, Legrand, Altana, Sumitomo, and Cummins. Under his leadership, the firm earned recognition as the Best M&A Advisory Firm in India. He also serves in prominent industry bodies including the Indo-American, Indo-French, and Indo-German Chambers of Commerce, reflecting his strong global business network.
Head - Consumer
Deoki Muchhal is a strategist and advisor with extensive leadership experience across large multinational organizations. Having served as MD and CFO at Cargill India, he has led acquisitions, divestitures, joint ventures, and technology transformation initiatives designed to unlock long-term enterprise value. His background includes board-level exposure, corporate restructuring, turnaround strategy, and successful merger integration. Deoki brings a practical operator's perspective to strategic advisory, helping clients align financial, operational, and transformation priorities. He also has a strong interest in ventures that improve competitiveness through digital technologies. A meritorious Chartered Accountant and alumnus of a Fortune 50 high-performance leadership academy, he adds seasoned financial and strategic judgment to complex growth and transaction mandates.
Head – Financial Services
Rajesh Relan brings 37 years of experience, including 25 years in senior leadership roles across the insurance industry in India and the Asia Pacific region. He previously served as Managing Director of PNB MetLife India Insurance and has deep expertise in strategy, governance, financial planning, business transformation, and M&A. His career includes launching and scaling businesses, leading turnarounds, and executing acquisitions, including the purchase of an insurance broking company. Rajesh also serves as an independent director on boards of publicly listed companies, including Singer India Ltd. and Jaykay Enterprises. His involvement with industry bodies such as CII, FICCI, Amcham, and USIBC reflects broad market engagement. He contributes seasoned boardroom insight to strategic growth and transaction advisory assignments.
Head – IT Services
Anuraag Guptaa has 27 years of experience in IT services spanning BFSI, consulting, professional services, and BPO. He has held CEO and board-level roles at organizations including First Meridian, Quess Corp, Capgemini, and Gulf Bank. At Quess Corp, he helped build India's largest technology staffing firm, culminating in a 2016 IPO at a valuation of USD 2 billion. His strengths include operational transformation, P&L leadership, greenfield venture incubation, organizational restructuring, and navigating complex M&A environments. Anuraag also mentors and invests in niche startups, bringing a growth-oriented perspective to advisory work. He is an alumnus of Harvard Business School and holds an MBA from LSE, NYU Stern, and HEC Paris, along with Six Sigma Master Black Belt certification from GE.
Senior Advisor
Chetan Tolia brings more than 30 years of leadership experience across major industrial organizations. He has served as a director on the boards of 10 Tata companies and was CEO and Executive Director of WREPL, a Tata Power company in the renewables business. His background also includes serving as Chief HR Officer of Tata Power, CEO of Tata BlueScope Steel Limited, and head of Strategy & Planning at Tata Steel. He played a key role in forming the BlueScope Steel and Tata Steel joint venture and in shaping growth strategy for large industrial businesses. With deep exposure to strategy, joint ventures, board governance, and industrial operations, Chetan adds valuable manufacturing and infrastructure insight to enterprise advisory engagements.
Senior Advisor
Carve-out and divestiture services help companies separate and sell a business unit, subsidiary, product line, or non-core asset in a structured way. The work typically includes separation planning, buyer positioning, diligence support, Day-1 readiness, transition planning, and post-close coordination. The objective is to preserve value, reduce disruption, and execute the transaction with clear governance and operational control.
Speak with senior advisors about your carve-out or divestiture priorities.
Recognized in India for 2024 excellence.
Connected to global entrepreneurship networks.
Active across major international business chambers.
Share your transaction goals, separation challenges, or portfolio priorities, and our team will outline how we can support the mandate.
For immediate assistance, feel free to give us a direct call at 1800 102 5700. You can also send us a quick email at info@transjovancap.com.
For immediate assistance, feel free to give us a direct call at 1800 102 5700. You can also send us a quick email at info@transjovancap.com.