Buy-Side M&A
Comprehensive acquisition advisory covering target mapping, outreach, valuation, diligence, negotiation support, and closing preparation for insurance and financial services businesses pursuing inorganic growth.
Transjovan Capital provides partner-led Insurance M&A Advisory Services for insurers, brokers, and financial services businesses pursuing growth, acquisitions, divestitures, and integration. Backed by senior operators and M&A specialists, the team supports strategic transactions with rigorous diligence, cross-border perspective, and a strong focus on Day-1 readiness, synergy capture, and long-term value creation.

End-to-end advisory support for insurance transactions, integrations, and strategic growth initiatives.
Comprehensive acquisition advisory covering target mapping, outreach, valuation, diligence, negotiation support, and closing preparation for insurance and financial services businesses pursuing inorganic growth.
Strategic support for insurers and related businesses evaluating carve-outs, asset sales, or full divestitures, with guidance on positioning, process management, and transaction execution.
Post-merger integration and synergy governance services designed to align teams, processes, systems, and reporting so insurance transactions deliver measurable value after closing.
Advisory for insurance-related joint ventures, including strategic evaluation, structuring support, and integration planning for partnerships that expand capabilities or market reach.
Partner-led strategic board advisory on capital allocation, growth priorities, portfolio decisions, and transaction strategy for insurance businesses navigating complex market opportunities.
Embedded corporate development support that combines strategy, M&A execution, Day-1 readiness, and synergy tracking into a continuous model for acquisitive insurance platforms.

We begin by aligning transaction goals with your growth thesis, portfolio priorities, capability gaps, and capital allocation strategy so every insurance deal supports a clear business outcome.
Enterprises rely on us for senior-led advice, strategic rigor, and execution discipline.
Every mandate is led by senior advisors with deep M&A and operating experience.
We support complex transactions across the US, Europe, India, and APAC markets.
Our financial services leadership brings practical insight into insurance strategy, governance, and transactions.
We emphasize Day-1 readiness, integration discipline, and synergy capture beyond deal completion.
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

Insurance M&A advisory typically includes acquisition strategy, target screening, market mapping, valuation support, diligence coordination, negotiation support, transaction structuring, and closing preparation. It can also extend into divestitures, joint ventures, Day-1 readiness, post-merger integration, and synergy governance. The goal is to help insurance businesses execute transactions with stronger strategic fit, lower execution risk, and clearer value realization after closing.
Speak with our advisors about strategy, diligence, and integration planning.
Recognized in India for 2024 excellence.
Established advisory platform since 2011.
Active across leading business chambers.
Share your acquisition, divestiture, or integration goals and our team will outline how we can support your 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.