Driving Performance Improvement,
Operational Excellence
Helping Businesses Unlock Sustainable Growth, Profitability, and Long-Term Resilience
We partner with organisations to navigate complex change and unlock value across the business lifecycle. From growth strategy and digital transformation to post-merger integration and exit readiness, our experts bring deep operational and financial expertise to deliver measurable results. We work side by side with management teams to identify performance improvement opportunities, execute EBITDA enhancement programmes, and build future-ready organisations that can scale with confidence. With a heritage of operator-led problem solving, we don’t just advise - we transform.
Why Partner with Us
Meet Our Leaders
Amith Karan
Managing Director
Mumbai India
Amith Karan
Managing Director
Mumbai
- 19 years of performance improvement, turnaround and management experience
- Helped leading private equity funds and corporates on improving performance and achieving targets
- Expertise in operating diligence at investment stage
- Essayed interim management roles to manage companies and effect turnaround
Amith Karan leads the Private Equity Performance Improvement (PEPI) practice in India. He brings 19 years of line operations, interim management and advisory experience.
His experience includes supporting PE funds and investors on operating diligence during the investment stage and helping portfolio companies and corporates improve performance post investment. Operating diligence work involves identifying critical issues with operations and having a clear 100 Day Plan post investment to ensure a successful scale up of the business. At A&M he has successfully helped investors evaluate operations across retail, consumer, infrastructure and industrials businesses.
The performance improvement support is focused on driving a step up in EBITDA performance, improving working capital efficiency and ensuring the business capabilities are in shape to achieve business goals. He recently helped a castings business optimize EBITDA performance through an end-to-end performance improvement effort across sourcing, supply chain, lean manufacturing and sales model optimization. He also helped a retail business improve working capital efficiency and free up 'locked cash' through better demand planning and inventory management.
His turnaround and interim management experience has seen him essay COO and CRO roles across EPC, auto ancillary, manufacturing and consumer businesses. Interim management often includes stabilizing the business on a day to day basis, building a clear plan for turnaround and then leading the execution with the management team.
Amith has authored articles on performance improvement and operations and coordinates the A&M Operating Club focusing on operations improvement at PE funds.
Prior to A&M, he spent three years as part of the leadership team of Aranca, a leading outsourced research and analytics services firm. Before that, he spent six years with McKinsey & Co. in Europe across industries such as consumer, retail, industrial and private equity. He also spent four years with Asian Paints India, where he was also responsible for building operations in Africa and later leading business operations in Kerala.
Mr. Karan has an MBA from the London Business School, a Masters in International Business from NMIMS and BSC in Science.
Manish Saigal
Managing Director
Mumbai India
Manish Saigal
Managing Director
Mumbai
- India Co-lead of the Business Transformation Services practice
- Leads strategy, market entry, commercial and operational diligence, and post-merger integration offerings for A&M in India
- Deep industry experience in transport and logistics, consumer and engineering sectors
Manish Saigal is a Managing Director with Alvarez & Marsal in Mumbai and leads the firm’s Business Transformation Services practice in India. He advises on strategy, market entry, commercial and operational diligence, and post-merger integration offerings for A&M in India.
He brings more than 17 years of rich experience in strategy, operations, private equity (PE) and M&A consulting. He specializes in market entry strategy, business planning, commercial and operational diligence, integration and separation advisory and bid advisory for PPP projects.
Mr. Saigal has advised clients within leading global and Indian corporate, PE firms, government and public-sector companies on strategic, operational and policy-related matters. He also brings deep industry experience in transport and logistics, consumer and engineering sectors.
Before A&M, he spent 11 years with KPMG India, where he most recently served as Partner in their Transactions and Restructuring group. There, Mr. Saigal also led the Strategy and CDD practice. He served as the national leader for their transport and logistics sector.
Earlier, he served with KPMG’s business performance group and led some of the leading transactions and consulting assignments in India. Examples of these deals involved: a leading ethnic women's wear retail company, a diversified logistics company; an automotive company, a supply-chain integration for a pharmaceutical firm, a long-term strategy and business plan for Mumbai Port, and a balanced score-card design and implementation for a global oil and gas company.
Before that, Mr. Saigal worked with Arthur Andersen’s business consulting practice for almost four years, focusing on strategy and operations areas for clients in the auto, logistics, consumer products, power utilities and pharmaceutical sectors. He started his career with Asian Paints, a leading paint company in India as part of its supply chain and corporate planning team.
Mr. Saigal has also served on such high-profile industry committees as Dr. Rakesh Mohan’s national task force on integrated multimodal logistics framework, the steering committee for the CII National Logistics Summit, and the CII national committee for ports.
Mr. Saigal is a B.Tech and rank holder from Indian Institute of Technology – Kanpur in 1996 and completed an executive management program at IIM Ahmedabad. He has authored several thought leadership articles on emerging trends in transportation and logistics.
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