We Provide the Services of a Registered Insolvency Professional Entity (IPE), Which Targets Maximum Value Recovery for All Stakeholders
At A&M we cover more than just Insolvency. We advise clients that are stressed and distressed prior to any insolvency, as well as taking insolvency appointments:
Advisory: We help clients and their stakeholders to understand the options they have available to them in the event their Plan A does not succeed. This can often employ tactical measures to right-size a corporate or its operations. We also have a special situations M&A team that can sell businesses, parts of businesses or under-performing subsidiaries, in short timescales (often in 4-12 weeks).
Insolvency: We take insolvency professional appointments to protect stakeholder value. We work with companies of all sizes from large, listed, complex cross-border groups to promoter run businesses. Our team has a strong track record of delivering both financial and operational restructurings through insolvency processes and have been appointed to some of the largest and highest profile global & Indian insolvencies.
Our Experts
Nikhil Shah
Managing Director
Mumbai India
Nikhil Shah
Managing Director
Mumbai
- 15+ years of turnaround, restructuring and distressed M&A experience
- Introduced the Chief Restructuring Officer (CRO) concept to India
- Works extensively with the largest Indian lenders and special situation investors
- Advised the Government and the Reserve Bank of India on the Indian insolvency and bankruptcy code
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.
