Alvarez & Marsal expands Indian footprint

Leading global professional services firm Alvarez & Marsal (A&M) announced the firm's expansion with the launch of its New Delhi office.

Furthermore, the company appointed Nitin Jain and Vivek Kamra as Managing Directors to lead the A&M's performance improvement and restructuring business in the National Capital Region (NCR) and North India.

Over the last decade, A&M has exponentially expanded from a restructuring and turnaround consulting firm to five dedicated business units, including corporate and private equity performance improvement, commercial, financial and operations due diligence and disputes and investigations.

"This year marks a significant milestone for A&M as we complete ten years in India. The opening of our new office in New Delhi coupled with the new leadership appointments will enable us to serve clients in NCR and North India markets. Together, Nitin and Vivek bring 46 years of deep operating and industry expertise along with the ability to lead and scale our footprint in the NCR and North India," said Vikram Utamsingh, Country Head of A&M India and a Managing Director with Alvarez & Marsal's Transactions Advisory Group, India.

Kamra brings over 25 years of experience in leadership positions across steel, automotive and construction industries in India and Southeast Asia. Prior to this appointment, he headed the Tata Steel's Supply Chain team, where he was the business head of the Tubes and Pipes Division. He also served as the President and CEO of NatSteel Holdings Singapore, a wholly owned subsidiary of Tata Steel with operations in Singapore, Australia, China, Vietnam, Thailand and Malaysia, and as President of the India operations at JK Tyre & Industries.

On the other hand, Nitin Jain brings over 19 years of experience in leadership positions in the textile retail, home furnishings, specialty chemicals and horology in the U.S., People's Republic of China (PRC) and India.

Prior to joining A&M, Jain served as the President, CEO and Managing Director of OCM Private Limited, a men's formal fabric apparel retailer and worked with Burlington Industries (now ITG) in the U.S.