Mumbai: Alvarez & Marsal (A&M), a global professional services firm, has appointed Jugnu Sakuja and Shubhra Goel as Managing Directors in India. These strategic hires are part of A&M’s broader efforts to strengthen its leadership team and expand its footprint in India, supporting the firm’s ambitious goal to achieve 5x growth over the next five years.
The appointments are set to significantly enhance A&M’s ability to deliver impactful solutions to clients across various sectors, including automotive, financial services, infrastructure, and retail.
Jugnu Sakuja brings over 18 years of consulting experience, with a proven track record in driving large-scale business transformation programs. Specializing in margin expansion, growth strategy, and cost optimization, Mr. Sakuja has worked with a diverse range of clients, from multi-billion-dollar enterprises to medium-sized promoter-run companies. His experience spans industries such as automobile manufacturing, infrastructure, and retail.
Prior to joining A&M, Sakuja spent seven years at Accenture Strategy, where he led several transformational initiatives, including a large-scale cost optimization program for one of India’s largest passenger vehicle manufacturers and helped a leading two-wheeler company optimize its logistics and packaging operations. Sakuja is an alumnus of IIM Calcutta.
Shubhra Goel, with over 20 years of experience in financial services and more than 15 years in consulting, joins A&M with expertise in analytics-driven sales improvement, digital strategy, and complex program management. She has extensive knowledge of the insurance, banking, and capital markets sectors.
Goel previously served as the Consulting Lead for Financial Services for India at Accenture Strategy, where she worked on digital transformation projects for key financial institutions. Based in Mumbai, she will focus on expanding A&M India’s capabilities to help financial services clients navigate digital transformation, particularly in areas like digital banking, fintech, and insurtech. Goel holds an MBA in Finance and Strategy from the Indian School of Business.
Himanshu Bajaj, Managing Director and India Co-Country Leader at A&M, expressed enthusiasm about the new appointments: “We are thrilled to welcome Jugnu and Shubhra to our team. Their industry expertise, deep consulting experience, and proven success in driving transformation initiatives will be invaluable as we expand our reach across key sectors such as financial services, automobile, and infrastructure. Their leadership will play a pivotal role in helping businesses in India unlock value through innovative, results-oriented transformation strategies.”
Commenting on his new role, Jugnu Sakuja said, “A&M’s reputation for driving meaningful change and delivering tangible results is a key reason I joined. India is evolving rapidly, and sectors like automotive and manufacturing are at the forefront. I look forward to helping businesses navigate this dynamic landscape, ensuring they achieve sustainable growth while maintaining operational agility in today’s fast-changing market.”
Shubhra Goel added, “India’s digital transformation is one of the most exciting stories in the global economy. With its young, tech-savvy population and growing digital infrastructure, India is well-positioned to lead in areas such as digital banking and fintech. I am excited to join A&M at this pivotal moment, and I look forward to working with our clients to unlock new opportunities and drive growth in the financial services sector.”
Alvarez & Marsal is a global firm known for transforming businesses, improving performance, and providing turnaround services. Operating in 20+ countries, A&M partners with companies worldwide for strategic solutions.
