Buy-Side M&A
End-to-end acquisition advisory covering strategy, target sourcing, outreach, valuation, diligence, negotiation support, and closing preparation for enterprises pursuing defense-sector growth.
Transjovan Capital advises defense-focused enterprises on acquisitions, divestitures, joint ventures, and integration strategy. With cross-border transaction experience across the US, Europe, India, and APAC, the team helps leadership evaluate targets, manage diligence, and capture post-deal value with a disciplined, partner-led approach built for complex, high-stakes transactions.

Specialized advisory support for defense-related acquisitions, partnerships, portfolio decisions, and integration planning.
End-to-end acquisition advisory covering strategy, target sourcing, outreach, valuation, diligence, negotiation support, and closing preparation for enterprises pursuing defense-sector growth.
Advisory for international acquisitions involving complex stakeholder alignment, market entry considerations, and multi-jurisdiction transaction execution across major global markets.
Post-merger integration support focused on workstream governance, synergy tracking, board-ready reporting, and operational alignment after strategic transactions.
Strategic support for selling business units or assets, helping leadership evaluate options, prepare materials, and manage transaction processes efficiently.
Advisory on evaluating, structuring, and integrating joint ventures that expand capabilities, market access, or strategic partnerships in complex sectors.
Ongoing strategic guidance for boards and leadership teams on capital allocation, inorganic growth priorities, and long-term corporate development decisions.
Defense transactions demand disciplined target screening, rigorous diligence, careful stakeholder coordination, and a clear integration thesis. Transjovan Capital supports acquisitive enterprises with senior-led advisory across the full deal lifecycle, helping clients evaluate strategic fit, navigate cross-border complexity, and focus on synergy capture rather than transaction volume alone.

Enterprises rely on us for senior-level judgment, structured execution, and measurable post-deal value creation.
Team includes ex-CEOs, CFOs, board members, and M&A specialists with deep transaction experience.
Advisory capabilities span the US, Europe, India, and APAC for multi-market transaction execution.
Senior partners stay closely involved throughout strategy, diligence, negotiation, and integration planning.
Value is measured through synergy capture and strategic outcomes, not just deal count.
Senior operators and deal advisors guiding complex mandates.

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

A consultant brings structure, speed, and independent judgment to the merger process. That can include acquisition strategy, target screening, valuation support, diligence coordination, synergy modeling, negotiation preparation, and post-merger integration planning. For complex sectors, advisors also help management teams align stakeholders, reduce execution risk, and keep leadership focused on strategic priorities rather than getting overwhelmed by transaction workstreams.
Talk with our advisors about your transaction goals and priorities.
Recognized in India for 2024 excellence.
Longstanding advisory experience since 2011.
Cross-border advisory across four continents.
Share your acquisition, divestiture, or partnership objectives and our team will follow up to discuss scope, fit, and next steps.
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.