Buy-Side M&A
End-to-end acquisition advisory covering strategy, target sourcing, valuation, diligence, negotiation support, and closing execution for enterprises expanding capabilities in payor and employer services.
Transjovan Capital advises enterprises pursuing acquisitions, partnerships, and integration strategies in payor and employer services. From target screening and diligence to Day-1 readiness and synergy capture, the team helps leadership move with greater clarity, speed, and execution discipline in complex healthcare and benefits-related transactions.
Focused advisory support for transactions, integration, and long-term corporate development in payor and employer services.
End-to-end acquisition advisory covering strategy, target sourcing, valuation, diligence, negotiation support, and closing execution for enterprises expanding capabilities in payor and employer services.
Operational transition planning designed to help acquired businesses launch smoothly from day one, with clear accountability, governance, and execution priorities.
Post-merger integration and synergy governance support that aligns teams, tracks value capture, and helps leadership convert transaction rationale into measurable outcomes.
Advisory for multi-deal pipelines, portfolio reviews, and transaction-linked strategic initiatives that support sustained inorganic growth in evolving service markets.
Evaluation and structuring support for joint ventures that help organizations enter adjacent markets, share capabilities, and build scalable strategic partnerships.
Embedded corporate development support for acquisitive enterprises seeking ongoing M&A, integration, and strategic advisory beyond a single transaction.
Payor and employer services transactions demand more than deal sourcing alone. Transjovan Capital combines strategic framing, buy-side execution, integration planning, and synergy governance to help enterprises evaluate opportunities with rigor and act with confidence. The firm's partner-led model is designed for leadership teams that need thoughtful transaction support, sharper prioritization, and measurable post-close value creation.
Clients rely on a senior-led team built for strategic, high-stakes transactions.
Every mandate is led by senior advisors with deep M&A and operating experience.
Cross-border execution support spans the US, Europe, India, and APAC markets.
CDaaS provides ongoing corporate development support beyond one-off transaction assignments.
The team emphasizes synergy capture and post-close outcomes, not just 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
Payor services generally refer to business functions, platforms, or solutions that support health insurers, managed care organizations, TPAs, or related reimbursement ecosystems. In an M&A context, this can include claims operations, care management, analytics, member engagement, provider network support, and technology-enabled administrative capabilities that strengthen scale, efficiency, or market reach.
Speak with senior advisors about strategy, diligence, and integration planning.
Recognized in India for 2024 excellence.
Connected to global entrepreneurship networks.
Active across leading international chambers.
Share your acquisition, partnership, or integration goals and a senior advisor will review the opportunity with you.
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.