ALVAREZ & MARSAL EXPANDS ITS INFRASTRUCTURE & CAPITAL PROJECTS GROUP TO INDIA; PANKAJ BHAGAT APPOINTED AS MANAGING DIRECTOR

Aligning with A&M India’s capabilities growth strategy, Mr. Bhagat brings more than 25 years of experience transforming large and complex capital projects.

MUMBAI, INDIA, March 20, 2024 — Leading global professional services firm Alvarez & Marsal (A&M) announced the appointment of Managing Director Pankaj Bhagat to spearhead its infrastructure & capital projects INFRA sector expertise/capabilities expansion in India. A&M India’s INFRA offering will address market needs arising from continued Indian Government infrastructure spending and private capital investments expanding manufacturing capabilities across multiple sectors including steel, mining, clean energy and energy transition.

The strategic augmentation of A&M’s INFRA offering and geographic footprint builds on the firm’s recent expansion in Canada, Australia, and Europe alongside its increasing capabilities in the US. Additionally, A&M India’s INFRA line of service signals the firm’s continued market commitment as demonstrated by the recent naming of Himanshu Bajaj as Managing Director and India Co-Country leader.

Mr. Bhagat specializes in advising clients on infrastructure, engineering and construction, real estate, oil & gas, metals, power and industrial equipment sector matters. His notable assignments include mega capital project management programs for leading owners, developers and engineering, procurement & construction (EPC) contractors across various industries. He has also advised leadership teams and the Boards of India’s top three EPC and construction sector organizations.

Marcos Ganut, Managing Director and Global Head of the firm’s Infrastructure & Capital Projects practice, noted, “Our comprehensive INFRA practice expansion delivers on our strategic commitment to provide clients with strong regional capabilities rooted in a global approach. A&M has more than 700 INFRA focused professionals world-wide. Pankaj’s hire expands our INFRA global reach and enhances our ability to advise clients across the project life cycle, from the strategic investment decision-making stage, through optimization and structure design, procurement strategy, execution, and performance oversight for transitioning operations.”

Mr. Bajaj welcomed his new colleague, “Adding Pankaj to our team strengthens our global network of boots-on-the-ground professionals to drive growth for clients. The firm’s integrated platform and India’s extensive infrastructure push, positions the market as a key expansion route for A&M’s INFRA service offering. As government, corporates and investors drive large scale and complex infrastructure development across sectors, A&M India is perfectly poised to help them achieve their goals.”

Prior to joining A&M, Mr. Bhagat spent over 12 years with Accenture Strategy & Consulting in India, most recently serving as Managing Director. As part of that firm’s Supply Chain & Operations practice, he advised clients on mandates, including cost and productivity improvement, digital strategy and implementation, operating model design and change management.

Mr. Bhagat, said, “A&M’s operational heritage and results-driven mindset aligns with my professional experience and approach to long-term client relationships. Across the region, clients are asking for oil & gas, transportation and EPC capital investment solutions and cost controls. A&M’s global platform and mission to solve for complex problems helps clients maximize value through growth and transformation.”

Mr. Bhagat earned a bachelor’s degree in civil engineering from Nagpur University, a post graduate qualification in general management from IIM Kozhikode and a post graduate qualification in artificial intelligence from McCombs School of Business, University of Texas.

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