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Nikhil Shah is a Managing Director with Alvarez & Marsal and leads the turnaround & restructuring practice in India. He has played an integral role in several high profile turnarounds, performance improvement, distressed M&A and financial restructuring projects and brings more than 15 years serving public and privately owned companies.

He has led several complex engagements across a range of industries including steel, power, infrastructure, transportation, telecom, financial services, consumer electronics, chemicals, technology and textiles across North America and Asia. He has also authored several white papers on the stressed asset market including Outlook for Stressed Asset Market in India and Asset Reconstruction Companies: Small Steps on a Long Road Ahead. Mr. Shah has also advised the Bankruptcy Law Reform Committee and Joint Parliamentary Committee on drafting of the Indian Insolvency & Bankruptcy Act of 2016. He is currently serving the Ministry of Corporate Affairs on implementation of the new insolvency & bankruptcy code.

At A&M, Mr. Shah has led a number of notable restructuring and interim management assignments: advised Jet Airways, one of India's leading airlines on a comprehensive turnaround; served as interim CRO at Bharati Shipyard, a leader in the ship building industry in India; served as interim CEO of one of India's largest owned fleet transportation companies to improve performance of their repair and maintenance facilities; advised one of the largest mobile handset providers in India on a finance function reorganization through improvements in cash flow management, working capital, reporting and internal controls; acted as the interim CFO for OCM India, a leading fabric manufacturer in India owned by large global private equity fund; and served as interim country manager for Lehman Brothers in India and Mauritius, managing over 15 Lehman entities with investments in India totaling $1.3 billion.

Prior to A&M, Mr. Shah was a founding director of Elbee Express, an express delivery company based in Mumbai with more than 130 branches and 1,500 employees across India. He began his professional career in investment banking with Jefferies & Co. in New York, completing distressed M&A and financial restructuring transactions totaling over $5 billion.

Mr. Shah earned a bachelor's degree from the Wharton School, University of Pennsylvania and is a graduate of Phillips Exeter Academy. A U.S. and U.K. national, he is fluent in English and Hindi.

Mohit Khullar is Managing Director and Leader of Alvarez & Marsal Corporate Finance in India. He specializes in private equity, M&A, and structured finance transactions.

With over 21 years of experience, Mr. Khullar has an established track record in the transaction advisory space. He has led marquee transactions across healthcare, consumer, business services, and industrials sectors. He has developed and led high-performing teams while also cultivating strong relationships with founders, CXOs, and financial sponsors.

Prior to joining A&M, Mr. Khullar served as Managing Director at o3 Capital and worked with Equirus Capital and Standard Chartered Bank. Additionally, he cofounded a healthcare technology business, where he served as CEO, garnering multiple industry accolades.

Mr. Khullar earned a bachelor’s degree in electronics and communications from Netaji Subhas University of Technology, Delhi, and a postgraduate diploma in management from the Indian Institute of Management, Lucknow. He is an alumnus of the Rashtriya Indian Military College and has served on the Governing Council of NATHEALTH, a leading Indian healthcare industry federation.

Nandini Chopra is a Managing Director with Alvarez & Marsal Corporate Finance in Mumbai, India. She brings more than 24 years of experience in M&A, sales and divestitures, JV advisory, PE raises, IPOs, debt syndication and valuations.

Ms. Chopra has experience in various advisory sectors including sale-side advisory, financing, acquisition and merger advisory services.

Her notable experiences include the sale of a leading Indian food ingredients business to IMCD India Private Limited, a subsidiary of IMCD N.V., Netherlands; sale of Unify’s India business (enterprise communications) to Progility, UK; sale of majority stake in an Indian luxury eyewear business to Marchon US; sale of Fem Care to Dabur; sale of Parry Confectionery to Lotte, Korea; sale of Genteel and Swastik brands to Godrej Consumer.

She has showcased her expertise in fundraising from private equity funds for Prabhat Dairy and Sula Wines; ongoing fundraising for a leading poultry and feed company in India, an express logistics company, a haircare company, among others, acquisition of a shipbuilding business by the Goa-based Dempo Group; Hitachi’s acquisition of stake from Tata Motors in Telcon; advisory support work for Reckitt Benckiser on Paras Pharma; led Godrej’s acquisition of Keyline Brands UK; led Fonterra New Zealand’s acquisition of Britannia’s dairy business; advised Acraf / Angelini (Italy) on the acquisition of a stake in Elder Pharmaceuticals; and Tata Metalik’s acquisition of Usha Ispat’s distressed assets and the merger of ACC with Holcom; of Satyam Computer with Tech Mahindra.

In the space of strategic merger management, Ms. Chopra assisted the merger of Ispat with JSW; consolidation of Vedanta group companies and merger of Reliance Natural Resources with Reliance Power.

Prior to joining A&M in 2014, Ms. Chopra spent 15 years with KPMG India in the Corporate Finance practice, where she most recently served as Partner. In her tenure at KPMG, she successfully closed marquee cross border transactions, PE raises, India entry assessment and partner search assistance, and JV negotiations assistance across sectors.

Ms. Chopra also set up and led KPMG’s India Valuations practice for more than five years until 2013; and has done valuations across sectors and clients covering M&A valuations, financial reporting, litigation and dispute valuations, tax and regulatory valuations and PE portfolios.

Prior to KPMG, she spent five years with SBI Capital Markets, the investment banking arm of India’s largest commercial bank, State Bank of India. At SBI Capital Markets, she worked on large capital market raises including IPOs and rights issuances and debt syndication.

Ms. Chopra earned a bachelor’s degree in chemical engineering from BITS Pilani, India, in 1991, and earned a 1993-batch MBA from XLRI Jamshedpur, India.

Pranav Sheth is a Managing Director with Alvarez & Marsal Corporate Finance and Restructuring in Mumbai. He provides advice on mergers and acquisitions, financing, restructurings and a variety of financial transactions across a range of industries.

With more than 14 years of experience, Mr. Sheth has advised domestic and multinational corporations on marquee M&A transactions and private equity raises. At A&M, he led the buy-side advisory for GMM Pfaulder’s acquisition of Pfaudler’s global business; sale of Essar Steel to Arcelor Mittal; and Marico’s acquisition of True Elements, a digital-first healthy food brand.

Mr. Sheth has also led transactions involving Gati, Orchid Pharma, Vulcan Logistics, Ambit Corporate Finance, Smaaash, Unilever and Silbitz.

Prior to joining A&M, Mr. Sheth spent more than three years with Lincoln India Private Limited, where he specialized in consumer and technology market transactions, with a focus on cross-border deals. He also spent more than three years with KPMG India Private Limited in their corporate finance practice. 

Mr. Sheth earned a bachelor’s degree in commerce and accounting from R. A. Podar College of Commerce and Economics, Mumbai University, and an MBA from Indian School of Business, Hyderabad. He is a Chartered Account.