Retail Reinvented. Results Delivered.

Rishav Jain is a Managing Director with Alvarez & Marsal in Mumbai. He leads the consumer internet, consumer, retail and agribusiness sector for A&M. With more than 12 years of business advisory experience, Mr. Jain focuses on commercial and operational due diligence, growth strategy formulation, performance improvement (especially commercial excellence and customer service enhancement), market entry, business planning and business transformation in India, South Asia, Southeast Asia, Africa and the Middle East.

Mr. Jain has worked with large private equity clients, including Blackstone, KKR, TPG, Temasek, Warburg Pincus, and with global/domestic corporates, including Coca-Cola, Carrefour, Abbott Nutrition, Unilever, Fonterra, FrieslandCampina, McDonalds, Future Group. He has also worked with multilateral agencies such as WWF, FICCI and MPOC.

Mr. Jain has delivered 100+ commercial and operational due diligence engagements across early-stage minority investment to buyouts. He has assisted multiple private equity funds in investment evaluation of a wide variety of targets ranging from start-ups to scaled-up divisions of large global consumer companies. These investment evaluations involved assessing the opportunity attractiveness, the company’s right to win, future profitability and returns outlook, and its operational capability to deliver the returns.

Mr. Jain has advised domestic corporates, start-ups and multi-national corporations (MNCs) on boardroom strategic initiatives and on-ground performance improvement initiatives. These projects largely involved sales and distribution enhancement, service enhancement and future growth readiness related initiatives. Mr. Jain has also advised many multi-lateral/impact agencies in developing impact models and go-to-market strategies.

Prior to joining A&M, Mr. Jain worked with KPMG India Pvt Ltd, advising global and domestic private equity funds, large corporate players and multi-national agencies.

Mr. Jain earned an MBA from SP Jain Institute of Management and Research, Mumbai.

Mani Singhal is a Managing Director with Alvarez & Marsal Business Transaction Services in New Delhi.

Ms. Singhal co-leads A&M’s Consumer and Retail practice in India, bringing two decades of experience in driving growth, strategy, and operational transformation for consumer-facing businesses. 

As a specialist working with multinational corporations, promoter-led organizations, and high-growth direct-to-consumer businesses, Ms. Singhal has helped clients optimize their commercial models, accelerate multi-channel expansions, enhance cost structures, and navigate evolving consumer trends.

Prior to joining A&M, Ms. Singhal was a Managing Director and Partner at Boston Consulting Group (BCG), where she was part of the Leadership team for the Consumer practice in India. During her 11+ years at BCG, she advised on strategy and execution for clients across sectors, including fast-moving consumer goods, beauty and personal care, consumer health, alcoholic beverages, fashion and lifestyle, and home improvement. Before that, she spent nearly a decade at Accenture Strategy, focusing on the execution of strategic initiatives for consumer businesses.

Ms. Singhal earned a bachelor’s degree in commerce from Shri Ram College of Commerce, India and an MBA from the Faculty of Management Studies, New Delhi. For both degrees, she graduated as a “gold medalist”.

Bharat Garg is a Managing Director with Alvarez & Marsal’s Business Transformation Services in Mumbai. He specializes in large-scale change and performance improvement, focusing on end-to-end transformation, margin improvement, corporate strategy formulation, go-to-market excellence and organization design.

Mr. Garg brings more than 16 years of experience working closely with C-suite executives to deliver transformation projects across various industries, including government entities, fast-moving consumer goods (FMCG), direct-to-consumer brands, fashion and apparel, automotives, building materials and retail.

Prior to joining A&M, Mr. Garg spent eight years with the Boston Consulting Group in Mumbai, serving most recently as Partner. He worked on driving the strategic transformation agenda for leading companies in the apparel, FMCG, home furnishings and direct-to-consumer sectors. Previously, Mr. Garg worked with Procter & Gamble.

Mr. Garg earned a bachelor’s degree in mechanical engineering from Delhi Technological University (Previously Delhi College of Engineering) and a master’s degree in business management from the SP Jain Institute of Management & Research.

Sapna Purswani is a Senior Director with Alvarez & Marsal Business Transaction Services in New Delhi. 

Ms. Purswani specializes in procurement excellence, supply chain optimization, operations turnaround, and manufacturing strategy. Her primary areas of concentration are large-scale transformations focused on cost reduction, agility, and service improvement.

With nearly 15 years of consulting and industry experience, Ms. Purswani has advised several marquee global brands—across India, Southeast Asia, the Middle East and North Africa, and Europe—within the beverages, beauty and personal care, and modern retail sectors.

Ms. Purswani’s notable assignments include designing resilient global supply networks, driving vendor ecosystem strategies, and embedding advanced planning systems and scalable operating models. She has helped clients achieve operational excellence and strategic growth.

Prior to joining A&M, Ms. Purswani held roles across both consulting firms and industry, where she was responsible for delivering transformation programs and driving business impact in complex, fast-paced environments.

Ms. Purswani earned a bachelor’s degree from MANIT Bhopal and a master’s degree from the Indian School of Business (ISB), Hyderabad.