Divestiture Advisory
End-to-end advisory for companies selling business units or assets, with support across strategic positioning, transaction planning, stakeholder alignment, and execution oversight.
Transjovan Capital helps enterprises plan and execute divestitures with strategic clarity, disciplined process management, and value-focused advisory. From portfolio reviews and carve-out planning to buyer positioning and transition readiness, our team supports leaders seeking cleaner exits, sharper capital allocation, and stronger post-transaction outcomes.
Strategic advisory for portfolio exits, carve-outs, transaction planning, and value realization across complex enterprise divestitures.
End-to-end advisory for companies selling business units or assets, with support across strategic positioning, transaction planning, stakeholder alignment, and execution oversight.
Portfolio-focused advisory covering annual reviews, multi-deal pipeline management, and restructuring priorities to help leadership teams evaluate divestiture pathways alongside broader capital allocation goals.
Strategic board-level guidance on capital allocation, growth priorities, and portfolio decisions, helping companies assess when divestitures can unlock focus, liquidity, and long-term enterprise value.
We begin by evaluating the business unit, strategic fit, value drivers, and separation thesis. This helps leadership define why the divestiture is being pursued and what outcome the transaction should achieve.
Clients rely on our senior-led approach for complex strategic and transaction decisions.
Every mandate is guided by senior advisors with deep M&A, board, and operating experience.
We support cross-border strategic decisions across the US, Europe, India, and APAC markets.
Our team brings domain expertise across industrials, consumer, B2B services, and emerging technology.
We emphasize strategic outcomes, synergy realization, and capital allocation discipline over transaction volume.
Experienced leaders guiding complex 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
The four common types of divestitures are asset sales, carve-outs, spin-offs, and split-offs. An asset sale transfers a business or asset directly to a buyer. A carve-out sells a minority stake through a public offering. A spin-off creates an independent company for existing shareholders. A split-off exchanges parent shares for shares in the separated entity.
Speak with our advisors about strategy, timing, and execution.
Recognized in India for 2024.
Active across leading global business chambers.
Senior execution by experienced transaction leaders.
Share your portfolio, transaction goals, or separation challenges, and our team will outline how we can support your divestiture strategy.
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.