MUMBAI, INDIA, 6 November, 2024 – Leading global professional services firm Alvarez & Marsal (A&M) India, has announced the appointment of Jugnu Sakuja and Shubhra Goel as Managing Directors. These strategic appointments are a key part of A&M’s plans to strengthen its leadership bench and expand footprint in India, supporting the firm’s goal to achieve 5x growth over the next five years.
Based in New Delhi, Mr. Sakuja, brings over 18 years of consulting experience. He specializes in driving large-scale business transformation programs with a focus on margin expansion, growth, and cost optimization. Mr. Sakuja partners with diverse clients, ranging from large multi-billion-dollar enterprises to medium and small promoter-run enterprises across sectors like automobile manufacturing, infrastructure, and retail. Prior to joining A&M, he spent seven years with Accenture Strategy, where he was responsible for several transformational initiatives, including a large-scale cost optimization program for one of India’s largest passenger vehicle players, and helping a leading two-wheeler player optimize its logistics and packaging operations. Mr. Sakuja is an alumnus of IIM Calcutta.
Ms. Goel has over 20 years of experience in financial services, including 15+ years in consulting. Her expertise lies in analytics- and technology-led sales improvement, digital strategy formulation, entry strategy, operating model redesign, and program management of large, complex projects. With a deep understanding of insurance, banking, and capital markets sectors, Ms. Goel previously served as the Consulting Lead for Financial Services for India clients at Accenture Strategy. Based in Mumbai, she will focus on further expanding A&M India’s capabilities in helping financial services clients navigate their digital transformation journeys. Ms. Goel holds an MBA in Finance and Strategy from the Indian School of Business, Hyderabad.
Himanshu Bajaj, Managing Director and India Co-Country Leader at A&M, said “We are excited to welcome Jugnu and Shubhra to our team. Their deep industry knowledge, consulting experience, and proven track record of driving impactful transformation initiatives will play a pivotal role in advancing our growth story across key sectors such as financial services, automobile, and infrastructure, among others. Together, their appointments reinforce A&M’s strategic focus on helping businesses in India unlock value through innovative and results-oriented transformation strategies.”
Mr. Sakuja, said, “A&M’s reputation for driving meaningful change and delivering tangible results has been a major draw for me. I’m excited to join a team that emphasizes deep operational expertise and is truly committed to helping clients achieve their strategic goals. India is rapidly evolving into a global economic powerhouse, with sectors like automotive, industrials and other manufacturing-oriented sectors leading the way. At Alvarez & Marsal, I am keen to help businesses navigate this landscape, ensuring that they achieve sustainable growth while maintaining profitability and operational agility. This is especially crucial in today’s VUCA world, where market dynamics can shift quickly, and companies need to be agile and adaptable.”
Ms. Goel, said, “India’s growth story is deeply intertwined with its digital transformation. With a young, tech-savvy population and increasing digital penetration, India is uniquely positioned to harness the power of technology to drive economic progress. The financial services sector, in particular, has witnessed significant transformation, with digital banking, fintech, and insurtech creating new opportunities for inclusion and innovation.” She added, “I am thrilled to join Alvarez & Marsal at such an exciting time in its growth journey in India.”
