Alvarez & Marsal announces expansion in India with New Delhi office
Leading global professional services firm Alvarez & Marsal (A&M) today announced the firm’s expansion with the launch of its New Delhi office. To expand A&M’s business, the company has appointed Mr. Nitin Jain and Mr. Vivek Kamra as Managing Directors to lead the A&M’s performance improvement and restructuring business in the National Capital Region (NCR) and North India.
This expansion demonstrates ten years of A&M’s growth and commitment to adding value for clients. Over the last decade, A&M has exponentially expanded from a restructuring and turnaround consulting firm to five dedicated business units, including corporate and private equity performance improvement, commercial, financial and operations due diligence and disputes and investigations.
With more than 135 A&M professionals in India, the appointments of Mr. Jain and Mr. Kamra illustrate A&M’s continued commitment to provide restructuring and performance improvement expertise clients required to manage local challenges and drive value.
Commenting on the expansion, Mr. Vikram Utamsingh, Country Head of A&M India and a Managing Director with Alvarez & Marsal’s Transactions Advisory Group, India, said, “This year marks a significant milestone for A&M as we complete ten years in India. The opening of our new office in New Delhi coupled with the new leadership appointments will enable us to serve clients in NCR and North India markets. Together, Nitin and Vivek bring 46 years of deep operating and industry expertise along with the ability to lead and scale our footprint in the NCR and North India.”
Mr. Kamra brings over 25 years of experience in leadership positions across steel, automotive and construction industries in India and Southeast Asia. Mr. Kamra also served in various roles with the Tata Group for over 20 years. He headed the Tata Steel’s Supply Chain team, where he was the business head of the Tubes and Pipes Division., He also served as the President and CEO of NatSteel Holdings Singapore, a wholly owned subsidiary of Tata Steel with operations in Singapore, Australia, China, Vietnam, Thailand and Malaysia. Additionally, he also served was as President of the India operations at JK Tyre & Industries.
Commenting on his appointment, Mr. Kamra said, “A&M’s growing capability in leading change in companies through an accelerated, hands on approach is a valuable resource for companies to leverage. Asking tough questions, listening well, and taking ownership is our trademark. A&M provides a unique blend of experienced advisers and career operators that are not only fact-driven but action oriented.”
Mr. Jain brings over 19 years of experience in leadership positions in the textile retail, home furnishings, specialty chemicals and horology in the U.S., People’s Republic of China (PRC) and India. Prior to joining A&M, Mr. Jain served as the President, CEO and Managing Director of OCM Private Limited, India’s second largest men’s formal fabric apparel retailer and worked with Burlington Industries (now ITG) in the U.S. Additionally, Mr. Jain has in depth experience working with offshore buying, global technology transfer teams, global corporate strategy, divestitures, mergers and acquisitions and joint venture collaborations in Germany, Taiwan and the U.S.
Commenting on his appointment, Mr. Jain said, “I look forward to contributing to A&M’s growth and to bringing an operator’s perspective to our clients. A&M is unique, as it seamlessly links operations, performance improvement and value creation to best help companies generate results.”