Forensic Depth, Commercial Perspective, Global Impact

Dhruv Phophalia is a Managing Director with Alvarez & Marsal in Mumbai, and leads the firm's India Disputes and Investigations practice. He brings more than 25 years of experience advising organizations and investors across the globe on corporate governance, transaction advisory and diligence, disputes, bankruptcy, risk management, investigations, data analytics, digital forensics and regulatory matters.

Mr. Phophalia has advised clients across a range of industries, including consumer products, financial services, infrastructure, life sciences, manufacturing, media and entertainment, natural resources, telecom and technology. He brings deep expertise in conducting forensic investigation engagements for boards, audit committees and senior managements of multinational and domestic companies. This includes investigations covering regulatory matters, intellectual property and data theft, procurement frauds, revenue recognition and improper accounting practices, antitrust, embezzlement of funds, misuse of corporate assets and improper dealings with third parties.

Additionally, Mr. Phophalia’s experience in investment transaction situations includes enhanced due diligence, corporate governance and compliance programs, regulatory compliance and analytics-driven insights. He has also advised companies in their acquisitions of targets that were undergoing insolvency and bankruptcy proceedings in India and global investors on contentious matters involving portfolio companies and exits.

Mr. Phophalia has advised clients on several domestic and international litigation and arbitration matters involving expert witness engagements, buy-sell disputes, construction contracts, claim for damages and royalties and bankruptcy-related matters.

Prior to joining A&M, Mr. Phophalia served as Senior Director (Partner) with Deloitte. He spent more than 10 years in Deloitte's U.S. office, and was seconded to Mumbai to set up its forensic and dispute services practice in India.

Mr. Phophalia earned both bachelor and master of commerce in accounting degrees from the University of Mumbai and an MBA in finance from the University of Pittsburgh.

Arcoprovo Mitra is a Managing Director with Alvarez & Marsal Disputes and Investigations in Mumbai. He brings 21 years of experience in assessment of technical and commercial claims, and disputes advisory on complex capital projects. His primary areas of concentration are project risk assessment, construction claims management, dispute advisory on delayed complex projects, and expert testimony services. 

At A&M, Mr. Mitra has been involved in various delayed capital projects, advising clients in mitigating project delays. He has also been deposed in multiple complex construction arbitrations and dispute resolution boards as an expert on delay, quantum, and technical matters.

Prior to joining A&M, Mr. Mitra spent seven years with two Big Four companies, serving most recently as a Director focused on construction claims and disputes. Previously, he served as Head of Planning and Contracts in various construction companies for over a decade.

Over his two-decade long stint in the construction industry, Mr. Mitra has worked across geographies covering India, the Middle East, Southeast Asia, Africa, and Europe.

Mr. Mitra earned a bachelor’s degree in construction engineering from Jadavpur University, India, and a master’s degree in construction project management from Heriot-Watt University, Scotland. He is a Chartered Quantity Surveyor and Member of the Royal Institution of Chartered Surveyors (MRICS), a Fellow of the Institution of Engineers (FIE) in India, an Associate Member of the Chartered Institute of Arbitrators (ACIArb), and a member of the Society of Construction Law UK. An Indian national, Mr. Mitra is fluent in English, Hindi, and Bengali.