Buy-Side M&A
End-to-end acquisition advisory for industrial enterprises, covering strategy, target sourcing, valuation, diligence, negotiations, closing support, and Day-1 readiness for scalable inorganic growth.
Transjovan Capital provides partner-led industrial M&A investment banking services for enterprises pursuing acquisitions, divestitures, joint ventures, and cross-border growth. With deep experience across electricals, engineering, capital goods, chemicals, and infrastructure, the team helps clients evaluate targets, structure transactions, and capture post-deal value through disciplined integration and synergy planning.
Specialized advisory solutions for industrial companies pursuing strategic transactions, expansion, and post-deal value creation.
End-to-end acquisition advisory for industrial enterprises, covering strategy, target sourcing, valuation, diligence, negotiations, closing support, and Day-1 readiness for scalable inorganic growth.
Strategic sell-side support for industrial companies divesting business units or assets, with guidance on positioning, buyer engagement, transaction execution, and value maximization.
Advisory for international acquisitions across major markets, helping industrial clients navigate cross-border sourcing, strategic fit, transaction complexity, and execution risk.
Support for evaluating, structuring, and integrating joint ventures that help industrial businesses enter new markets, add capabilities, or accelerate strategic partnerships.
Post-merger integration and synergy governance support designed to align teams, systems, reporting, and operational priorities after industrial transactions close.
Strategic board-level guidance on capital allocation, portfolio decisions, and growth priorities for industrial companies managing complex corporate development agendas.
The engagement begins with a clear assessment of growth objectives, portfolio gaps, sector priorities, and investment criteria. This helps industrial clients focus on transactions that strengthen capabilities, expand markets, or improve manufacturing and operating leverage.
Clients rely on the firm for senior-led advice, sector depth, and disciplined execution across complex transactions.
Deep industrial expertise across electricals, engineering, capital goods, chemicals, and infrastructure transactions.
Senior partners stay involved throughout strategy, negotiations, diligence, and post-deal planning.
Cross-border execution capabilities across the US, Europe, India, and APAC for industrial buyers.
Advisory built around synergy capture and long-term value, not just deal completion.
Experienced leaders guiding complex industrial 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
Industrials in investment banking typically cover sectors such as electricals and electronics, engineering and automotive, capital goods, building materials, chemicals, and energy and infrastructure. Advisory work often includes acquisitions, divestitures, joint ventures, capital raising, and strategic reviews. Because these businesses are operationally complex, industrial M&A also requires close attention to manufacturing footprint, supply chains, and post-merger synergies.
Speak with senior advisors about your transaction goals.
Recognized in India for 2024 excellence.
Reflects active cross-border business engagement.
Signals strong enterprise and growth networks.
Share your acquisition, divestiture, or corporate development priorities, and our team will respond with the right 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.