Paytm monthly users increase by 19% to 9.3 crore and Merchant Payment Volumes rise 39% in July

MUMBAI, 4^th AUGUST, 2023 (TGN): One 97 Communications hich owns the Paytm brand, on Thursday said that its loan disbursements grew 148 per cent in July 2023 at Rs 5,194 crore (Rs 2,090 crore).

The number of loans disbursed for the month stood at 43 lakhs, up 46 per cent on a year-on-year basis, Paytm said in its operating performance update  for July 2023 filed with the stock exchanges.

“Our loan distribution business (in partnership with large lenders) continues to witness healthy growth with total disbursements through our platform for the month of July 2023 growing 148% y-o-y to Rs 5,194 crore ($ 632 million)”, Paytm said in its latest update.

“We continue to work with our partners to ensure superior credit quality for loans distributed through us. To ensure that portfolio performance of our lending partners improves despite economic uncertainties, our credit disbursement growth will be deliberately calibrated over the next quarter or two”.

Paytm currently has eight lending partners, and the fintech aims to onboard 3-4 partners in FY 2024.

It maybe recalled that Paytm had in the first quarter of this fiscal disbursed loans worth Rs 14,845 crore, up 167 per cent on a year-on-year basis. In April-June 2023, the number of loans disbursed grew 51 per cent to 1.28 crore from 0.85 crore in the same quarter last fiscal.

The total merchant Gross Merchandise Value (GMV) processed through the Paytm platform for July 2023 stood at Rs 1.47 lakh crore, up 39 per cent on y-o-y basis.

“We continue to see increase in GMV of non-UPI instruments like EMI and cards. We are focused on payment volumes that generate profitability for us, either through net payment margin or from direct upsell potential”, Paytm said.

Paytm sees continued expansion of consumer engagement on the Paytm Super App with average monthly transacting users (MTU) for the month growing 19 per cent year-on-year to 9.3 crore (7.8 crore).

The number of merchants paying subscriptions for payment devices has reached 8.2 million, an increase of 3.8 lakh in July 2023.

Paytm had, in the first quarter of this fiscal reported a standalone net loss of Rs 358 crore, narrower than the net loss of Rs 645 crore in the same quarter last fiscal. However, the Q1FY24 net loss was wider than the net loss of Rs 168 crore in the March 2023 quarter.Ends

Monsoon Hair Care: Expert shares benefits of Aloe Vera + Coconut for soft hair & frizz control

Dr. Shilpa Vora - Chief R&D Officer, Marico Limited

MUMBAI, 3 AUGUST, 2023 (TGN):

With refreshing showers and vibrant greenery, monsoons are undoubtedly a delightful season. However, this season also bring its fair share of challenges, especially when it comes to hair care. The excessive humidity affects our hair's natural moisture balance, causing it to appear dull, frizzy, and unmanageable.

Dr. Shilpa Vora - Chief R&D Officer, Marico Limited shares a phenomenal combination that can help with frizz control, giving you soft, nourished hair.

While the rains might make our hair frizzy and dull, nature has provided us with plenty of nourishing ingredients; and some of these ingredients, when combined, can do wonders for our hair. One such combination is Coconut, with its nourishing properties and Aloe Vera, with its moisturizing benefits.

The Power of Aloe Vera: Aloe Vera has been used for centuries for its medicinal and beauty benefits. While most are aware of its benefits for skin, not many know of the wonders it can do for hair. When applied on your scalp, Aloe Vera forms a protective layer around the scalp, moisturizing and shielding it from environmental damage, and when applied along the length, it can help reduce frizz, by softening each strand.  

The Incredible Coconut based Hair Oil: Coconut based Hair Oil is another incredible tried and trusted natural ingredient that has been valued for its numerous benefits for hair. When applied on your scalp, Coconut based hair oil penetrates the scalp skin providing deep nourishment.

When combined, Aloe Vera and Coconut based Hair Oil is a dynamic duo that makes for a powerful hair care solution. The deep moisturizing properties of Aloe Vera blend seamlessly with the nourishing abilities of Coconut based Hair Oil, resulting in soft, nourished hair with reduced frizz. Regular application of this phenomenal combination on your hair during the monsoons can help combat potential seasonal damage. 

If you find preparing a mix of ingredients cumbersome, you can choose a trusted Coconut based hair oil brand that is enriched with Aloe Vera. A coin sized amount of an Aloe Vera enriched Coconut based hair oil can also be used, to give your hair that extra boost of nourishment and softness while keeping the frizz at bay.

 

AIC Pinnacle Unveils "Evolve"- A 10-Month Incubation Program Empowering Startups to Commercialise Innovative Ideas

MUMBAI, 3^rd  AUGUST, 2023 (TGN): Atal Incubation Centre (AIC) - Pinnacle Entrepreneurship Forum is delighted to announce the launch of its highly anticipated "Evolve" Incubation Program, a transformative 10-month initiative aimed at nurturing innovative ideas and fostering profitable ventures for startups. Supported by Atal Innovation Mission and Niti Aayog, Evolve Program equips participants with essential tools, guidance, and resources required to thrive in today's fiercely competitive business landscape.

Designed with an unwavering commitment to support and empower entrepreneurs, Evolve offers eligible startups the opportunity to acquire a seed fund of upto Rs. 25 lakhs, which includes AIM seed fund support and also the co-investment from non-government sources through angel investors via Arthayan, an accelerator platform.

The program embraces a sector-agnostic approach, welcoming startups in the ideation, Proof of Concept (POC), or Prototype stage from any sector. However, women-led entrepreneurs and startups working in the areas of government flagship programs will be preferred. With a maximum cohort size of 30 startups, the program spans 10 months, offering participants the flexibility to choose between equity-based fees or incubation charges based on their developmental stages. AIC Pinnacle boasts of a rich pool of mentors, corporates, and investor tie-ups, ensuring participating startups receive top-notch support and guidance throughout their entrepreneurial journey.

Dr. Sudhir Mehta, Founder of AIC-Pinnacle Entrepreneurship Forum and Chairman of Pinnacle Industries & EKA, expressed his enthusiasm for the launch, stating, "We are thrilled to unveil the Evolve Incubation Program, which empowers the next generation of entrepreneurs. At AIC-Pinnacle, we strongly believe in the potential of innovative ideas and are dedicated to providing unwavering support. Evolve's strategic modules address key aspects, from product development to funding and networking. Our hybrid approach ensures accessibility while enriching sessions lay a robust foundation. Startups will benefit from expert mentorship, cutting-edge resources, legal support, and funding opportunities. Join us in revolutionizing the entrepreneurial landscape, leaving a lasting mark on the business world.  Let's shape a limitless future together!"

To maximize accessibility and effectiveness, the Evolve program adopts a hybrid approach, seamlessly blending online and offline elements. The initial three months encompass a series of enriching sessions aimed at laying a strong foundation for startup success.

Through the Evolve program, AIC Pinnacle pledges unwavering support, offering a wide array of services to participating startups, including prototyping assistance, access to cutting-edge software and tools, tailored testing and lab support, certification guidance, mentorship from a distinguished panel of experts, state-of-the-art infrastructure, legal and IP support, extensive networking opportunities, business planning expertise, access to a vibrant startup community, seed funding support from various government and non-government agencies, go-to-market strategy assistance, and an exclusive Investor Demo Day for invaluable exposure to angel investors and venture capital firms.

The Evolve Incubation Program is thoughtfully structured into four modules, each strategically curated to address vital entrepreneurial aspects. The first module, "Product Development," guides startups from ideation to crafting a compelling Minimum Viable Product (MVP) and prototyping, all while benefiting from expert mentorship. The second module, "IP & Legal," offers comprehensive assistance in company formation, Intellectual Property Rights (IPR), and other legal aspects, establishing a strong foundation for growth. The third module, "Business Planning & Funding," provides participants with expert guidance in preparing compelling pitch presentations and gaining access to vital seed funding support. Lastly, the "Networking and Go-to-Market" module helps startups establish valuable connections with potential clients and investors, offering specialized B2B, B2G, and B2C support, result-oriented digital marketing strategies, and unparalleled networking opportunities. 

Applications for the Evolve Incubation Program are now open and will be accepted until 10th August 2023. The much-anticipated cohort is set to commence on 2nd September 2023. This groundbreaking opportunity is poised to revolutionize the entrepreneurial landscape, empowering startups to elevate their ventures to unparalleled heights and leave an indelible mark on the business world.

जागतिक स्तनपान सप्ताह २०२३ च्या निमिंत्ताने स्तनपाना बद्दलच्या गरैसमजूती दूर करूया

Dr. Gandhali Deorukhkar Obstetrician & Gynecologist | Wockhardt Hospitals Mumbai Central

मुंबई, ३ ऑगस्ट २०२३ (TGN):- दरवर्षी ऑगस्ट महिन्याच्या पहिल्या आठवड्यात  जागतिक स्तनपान सप्ताह साजरा केला जातो. यानिमित्ताने आठवडाभर चालणाऱ्या कायाक्रमा अंतर्गत नवजात बालकांच्या सर्वांगीण विकासासाठी स्तनपानाच्या महत्त्वाबाबत जागरूकता निर्माण करण्याचा प्रयत्न केला जातो.

असं म्हणतात की आईला कधीच सुट्टी नसते, आपल्यापैकी बहुतांश जण या मताशी सहमत आहोत. बाळाचा डायपर बदलणं असो त्याला भरवणं असो, त्याला झोपवणं असो किंवा त्याची काळजी घेणं असं आई मुलांसाठी आपले सगळे कष्ट विसरून या सगळ्या गोष्टी करत असते. हे सगळं करून थकल्या-भागलेल्या आईच्या चेहऱ्यावरील हसू कधीही ढळलेलं पाहायला मिळत नाही. बाळाची काळजी घेण्यासोबतच आईला घरची कामेही करावे लागतात.ही सगळी कसरत करणं सोपं नसतं, खासकरून जेव्हा नवजात बाळाची आई बाळाला स्तनपान करत असते. कारण काय आहे माहिती आहे? कारण आहे गैरसमजुती. स्तनपानामुळे स्तन गळतात, स्तनपान करणाऱ्या महिलेला चव नसलेलं अन्न खावं लागतं अशा बऱ्याच गैरसमजुती पसरवल्या जातात. याचा परिणाम असा होतो की बाळाची आई कितीही प्रयत्न केले तरी या गैरसमजुतींना बळी पडते. ह्यासाठी जागतिक स्तनपान सप्ताहाच्या निमित्ताने डॉ.गांधाली देवरूखकर, स्त्रीरोग तज्ज्ञ- वोक्हार्ड हॉस्पिटल, मुंबई सेंट्रल, यांनी गैरसमजूती दूर करण्याचा प्रयत्न केला आहे.

पहिली गैरसमजूत: स्तनपानाच्या काळात गर्भधारणा होत नाही.

सत्य हे आहे कि तुम्ही स्तनपान करत असला तरी प्रसुतीनंतर 3 महिन्यांनी पुन्हा गर्भधारणा होण्याची शक्यता असते. त्यामुळे गर्भनिरोधाच्या पर्यायांसाठी तज्ज्ञांचा सल्ला घ्या. स्तनपान करणाऱ्या महिलांसाठी सुरक्षित पर्याय उपलब्ध आहेत.

दुसरी गैरसमजूत: स्तनात दुधाच्या गाठी झाल्यास त्याकडे तुम्ही लक्ष देऊ नये.

सत्य हे आहे कि ही बाब चुकीची असून स्तनाच्या नसा साकळल्या असतील तर त्याची काळजी घेणं गरजेचं आहे. ही काळजी घेत असताना स्तनांना गरम पाण्याने शेकणं किंवा त्यांना हलक्या हाताने मसाज करणं फायदेशीर ठरतं. याकडे दुर्लक्ष केल्यास संसर्ग होण्याची शक्यता असते. जर हा संसर्ग झाला तर स्त्रीरोगतज्ज्ञांचा सल्ला घेणं फायदेशीर ठरतं. स्तनामध्ये गळूसदृश्य गाठ झाली तर त्यावर शस्त्रक्रिया करावी लागण्याची शक्यता असते.

तिसरी गैरसमजूत: स्तनपानानंतर तुमचे स्तन कायमचे गळतात.

सत्य हे आहे कि गर्भारपणात स्तनांचे वजन दुपटीने वाढते. तुम्ही स्तनपान करा अथवा करू नका, स्तनाच्या वाढलेल्या वजनामुळे स्तनांना घट्ट ठेवणाऱ्या लिगामेंटवर ताण येतो. हा ताण जेवढा वाढत जातो तेवढए स्तन गळतात. तुमचे वय, बीएमआय, गर्भारपणापूर्वीची तुमची ‘ब्रा’ची साईझ या सगळ्या गोष्टींचा ताण वाढण्यावर किंवा लिगामेंट कमजोर होण्यावर परिणाम होऊ शकतो.

चौथी गैरसमजूत: स्तनपान करणाऱ्या महिलेने बेचव अन्न खावे, चमचमीत खाद्यपदार्थ खाऊ नये.

सत्य हे आहे कि स्तनपान करणारी महिला जे अन्न खाते ते पचून त्याचा वापर बाळासाठी दूध करण्यात होईपर्यंत त्या खाद्यपदार्थातील बरे-वाईट घटक हे पचलेले असतात आणि त्याचा बाळावर कोणताही परिणाम होत नाही. उदा. तुम्ही जर कोबी किंवा ब्रोकोली सारखे पदार्थ खाल्ले तर तुमच्या बाळाला गॅसची समस्या होणार नाही. त्यामुळे तुम्ही तुमच्या खाण्याच्या सवयी बदलू नका. मात्र भरपूर पाणी प्यायले जाईल याकडे लक्ष ठेवा.

पाचवी गैरसमजूत: डार्क बिअर प्यायल्याने जास्त दूध निर्माण होतं.

सत्य हे आहे कि याला कोणताही शास्त्रीय आधार नाहीये. खरं पाहता, अति दारू प्यायल्याने शरीरातील प्रोलॅक्टीन पातळी कमी होते. हे एक प्रकारचे संप्रेरक म्हणजेच हार्मोन असून त्यावर मातेच्या शरीरातील दुधाचे प्रमाण अवलंबून असतं. जागतिक आरोग्य संघटनेने सांगितले आहे की, स्तनपान करणाऱ्या महिलांनी दारू पिणं टाळलं पाहिजे.

राष्ट्रीय कौटुंबिक आरोग्य सर्वेक्षण 4 नुसार, 3 वर्षांपेक्षा कमी वय असलेल्या 41.6% मुलांना जन्माच्या एका तासाच्या आत स्तनपान देण्यात आले, तर 6 महिन्यांपेक्षा कमी वयाच्या 54.9% बालकांना फक्त स्तनपान देण्यात आले आणि 38.4% पाच वर्षाखालील बालकांना पुरेशा प्रमाणात स्तनपान मिळाले नाही. 

नवजात बालके, मुले आणि माता यांच्यासाठी स्तनपानाचे अनेक आरोग्य फायदे आहेत आणि हे सार्वजनिक आरोग्य सुधारण्यासाठी मुख्य कारण बनते. अमेरिकन लोकांसाठी  2020-2025 सालासाठीची आहारविषयक मार्गदर्शक तत्त्वे (आहारविषयक मार्गदर्शक तत्त्वे) आणि अमेरिकन ऍकॅडमी ऑफ पेडियाट्रिक्स (AAP)मध्ये बाळांना पहिले 6 महिने फक्त स्तनपान द्यावे असे सांगण्यात आले आहे. 

Odysse Electric Vehicles Bags Order for 10,000 Unit of its Electric Scooter from bud-e

 

● Odysse Strengthens Presence in the Electric Scooter Market Through Strategic Partnership

● The strategic alliance showcases a mutual commitment to reducing carbon footprints and achieving zero emissions

● Delivery of the scooters will be completed in phases over the next two years

Mumbai, 3 August, 2023 (TGN): Odysse Electric Vehicles, India’s fastest-growing premium electric vehicle manufacturer is delighted to announce its latest strategic alliance with bud-e, a leading EV two-wheeler MaaS provider. Odysse celebrates a significant achievement with a 10,000 units order from bud-e for its highly acclaimed electric scooter. The delivery will be completed in phases over the next two years. This strategic alliance demonstrates the mutual commitment of both parties towards reducing carbon footprints and contributing to the national goal of achieving zero emissions. 

This strategic partnership marks a significant milestone for Odysse as it continues to strengthen its presence in the electric scooter market. The electric scooter has gained widespread recognition for its exceptional performance, cutting-edge technology, and environmentally conscious design, positioning it as the preferred choice for modern urban commuters. This partnership would bring remarkable benefits to bud-e, including scalability, and cost savings, while also helping them achieve a competitive advantage in the market. 

Speaking on the occasion, Mr. Nemin Vora, CEO, Odysse Electric Vehicles Pvt. Ltd., "We are thrilled to partner with Bud-E for our electric scooters. This collaboration highlights the growing demand for sustainable transportation solutions and Odysse's commitment to providing high-quality electric vehicles that prioritize both performance and environmental impact."

Odysse is dedicated to ensuring a seamless delivery process for the 10,000 units of electric scooters, prioritizing customer satisfaction. Furthermore, the company is committed to providing comprehensive after-sales support, including maintenance services and readily available spare parts, to ensure a smooth ownership experience for the Company and its customers.

This collaboration with bud-e marks a significant milestone for Odysse, as it solidifies the company's position as a leading provider of sustainable mobility solutions. By offering innovative and eco-friendly products, Odysse continues to revolutionize the way people commute and contribute to a cleaner and greener world.

About Odysse Electric Vehicles Pvt. Ltd:

Mumbai based Electric Vehicle start-up, Odysse, is a part of Vora group of companies. An all-electric mobility platform that collaborates with the world's leading E.V. component manufacturers and mobility technology specialists to usher in a new era of intelligent urban electric mobility for customers. The company’s electric scooters and bikes are available for all riders, from the young to the old, from fashionable buyers and comfort seekers to busy business riders. Every product is subjected to rigorous durability and dependability tests. Odysse provides every customer with a comprehensive package of quality, comfort, and style at an affordable price. Presently, the brand product portfolio includes: - 

• Electric motorcycle VADER (with 7” Android display, IOT, four drive modes, 18-liters storage space, Google Map Navigation)

• Electric bike EVOQIS (with four drive modes, keyless entry, anti-theft lock and motor cut-off switch)

• Electric scooter HAWK (India’s first electric scooter with cruise control & Music system)

• E2Go & E2go+ (electric scooter with portable battery, USB charging, digital speedometer and keyless entry)

• Electric scooter V2 and V2+ (waterproof motor, huge boot space, dual battery and led lights)

Electric scooter TROT for last-mile delivery (Loading capacity of 250 kgs and IoT) 

About bud-e:

bud-e is an EV two-wheeler MaaS provider, poised to redefine mobility and electrify the last-mile delivery segment. At its essence, bud-e is driven by a steadfast commitment to uplift gig workers’ social and economic well-being. Through their thoughtfully crafted and affordable pricing structure for their electric bikes, bud-e strives to empower gig workers with access to abundant employment opportunities. Concurrently, bud-e remains steadfast in their commitment to environmental conservation, ensuring that their actions contribute to a greener and more sustainable future.

Powered by cutting-edge technologies like IoT, AI, and ML, bud-e offers a convenient, hassle-free, and affordable daily commute while safeguarding the environment for future generations. Their technology-driven platform, complemented by a user-friendly mobile app, ensures a reduced carbon footprint and offers advanced features like theft control, predictive maintenance alerts, asset / rider safety features, assigning and management of vehicles to riders, transparency reports in vehicle damage detection, battery monitoring system & immobilization features.

With an unwavering mission to provide on-demand, sustainable electric two-wheeler rental solutions for businesses and individuals, bud-e envisions transforming the landscape of everyday commute and last-mile delivery.Ends

Mr. Harshad Patwardhan has been appointed as the Chief Investment Officer (CIO) of Union Asset Management Company Private Limited (“Union AMC”)

Mumbai, August 03, 2023 (TGN): Union AMC announces the appointment of Mr. Harshad Patwardhan as the Chief Investment Officer (CIO).

Mr. Patwardhan, a B.Tech graduate from IIT Bombay, a PGDM from IIM Lucknow, and a CFA charter holder from the CFA Institute, brings with him over 28 years of extensive experience covering the entire gamut of research and portfolio management in Indian equities. His illustrious career, spanning almost three decades, is punctuated with numerous awards and recognitions, demonstrating his unique prowess and dedication to the field.

Throughout his career, Mr. Patwardhan has held significant positions in multiple organizations. From 2006 to 2016, he served as the CIO of Equities India at JPMorgan (JPM) Asset Management, where he also was a member of JPM's offshore India equity team. Subsequently, he spent five years as the CIO of Edelweiss AMC before transitioning to Girik Wealth Advisors as the CIO.

Known for his analytical acumen and visionary leadership, Mr. Patwardhan has shown consistent ability to optimize financial performance and foster stakeholders’ trust. His appointment marks a strategic step towards consolidating Union AMC's position in the industry and further strengthening its robust investment processes.

"We are delighted to welcome Mr. Harshad Patwardhan to our leadership team," said G. Pradeepkumar, Chief Executive Officer at Union AMC. "His deep-rooted understanding of Capital Markets and the investment process aligns perfectly with our mission to deliver consistent, long-term value to our clients. We are confident that his leadership will play a key role in enhancing the fund's performance and maintaining our commitment to creating value for our investors."

On his appointment, Mr. Patwardhan said, “I am excited to join Union AMC and look forward to working closely with the leadership team. I am confident that we can build further on the excellent work done by the investment team. I see a great opportunity to further enhance our offerings' quality, scale, and scope and work closely with our distribution partners to help our investors achieve their financial goals.” 

About Union Asset Management Co. Pvt. Ltd.:

Union Mutual Fund is co-sponsored by Union Bank of India and Dai-ichi Life Holdings, Inc. The Average Assets under Management (AUM) of Union Mutual Fund for the quarter ended June 30, 2023 was Rs. 10,765 crores^. This fund house currently offers 22 funds and is dedicated to helping investors grow their wealth through a comprehensive range of investment solutions. Backed by a legacy of trust and transparency, the fund is committed to delivering financial services and creating long-term value for its investors.

For more information, please visit our website at www.unionmf.com. 

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

Statutory Details: Constitution: Union Mutual Fund has been set up as a Trust under the Indian Trusts Act, 1882; Sponsors: Union Bank of India and Dai-ichi Life Holdings, Inc.; Trustee: Union Trustee Company Private Limited, [Corporate Identity Number (CIN):U65923MH2009PTC198198], a company incorporated under the Companies Act, 1956 with a limited liability; Investment Manager: Union Asset Management Company Private Limited, [Corporate Identity Number (CIN): U65923MH2009PTC198201], a company incorporated under the Companies Act, 1956 with a limited liability. Registered Office: Unit 503, 5th Floor, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai - 400059. Toll Free No. 18002002268/18005722268 Non-Toll Free. 022-67483333 Fax No: 022-67483401 Website: www.unionmf.com Email: investorcare@unionmf.com.

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ALVAREZ & MARSAL ESTABLISHES GLOBAL CAPABILITY CENTER (GCC) IN INDIA

Managing Director Manish Goyal brings two decades of strategy consulting, operations, and entrepreneurship experience to his role leading A&M’s GCC

INDIA, August 02, 2023 (TGN): Leading global professional services firm Alvarez & Marsal (A&M) announces establishment of its first Global Capability Center (GCC), operating from India, to serve engagements spearheaded by the firm’s multiple business lines across six continents. This service expansion reflects A&M’s ability to staff client engagements world-wide with experienced talent for delivering value while accelerating growth and innovation.

Managing Director Manish Goyal, will lead GCC’s business and Managing Director Nikhil Shah, will direct its strategic growth and scaling. A&M’s GCC model accounts for the talent disruption propelled by COVID and is designed to meet ongoing market demand for scalable client teams as opposed to back-office functions.

Bryan Marsal, A&M’s Co-founder and Chief Executive Officer, hailed the strategic initiative, “Our Global Capability Center accelerates our service delivery and advances our commitment to developing innovative solutions for complex problems. Under the guidance of Manish and Nikhil, we can harness a readily available pool of professionals, who can be deployed quickly across borders, functions and industries. Supporting clients with specialized task force teams, as needed, takes our network of boots-on-the- ground professionals and integrated platform to the next level for driving change.”

Prior to joining A&M, Mr. Goyal spent more than 12 years with Bain & Company, where he served as Vice President and Chief Operating Officer for Bain Capability Network. While there, he was responsible for founding and scaling multiple global centers of excellence (GCoEs) across a range of industries, functional capabilities, next-gen technologies, and internal operations. Before that, Mr. Goyal served with the Monitor Group in India and Arthur D. Little in Dubai. 

Luis de Lucio, Managing Director and head of Growth Markets, said, “Manish brings a critical understanding of managing GCC operations and talent. He has extensive experience building global centers of excellence. His expertise and approach align our Global Capability Center with A&M’s operational heritage.” Vikram Utamsingh, Managing Director and India Country Leader, added, “India has long been a leader of GCC initiatives. The firm’s integrated platform uniquely positions our GCC talent base to help clients navigate challenges and achieve their goals. The GCC talent at A&M will have opportunities to work alongside our clients within the global network.

Mr. Goyal, said, “A&M’s unique global platform is the cornerstone of our ability to dovetail the broad-based and varied talents across the firm with engagement teams and client needs. The new Global Capability Center concentrates our multi-domain mix of operating and management professionals, alongside our top-tier consulting and industry expertise, to drive change and add value. 

About Alvarez & Marsal

Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) for leadership, action and results. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services. When conventional approaches are not enough to create transformation and drive change, clients seek our deep expertise and ability to deliver practical solutions to their unique problems.

With over 8,000 people across six continents, we deliver tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders, and their teams, leverage A&M’s restructuring heritage to help companies act decisively, catapult growth and accelerate results. We are experienced operators, world-class consultants, former regulators and industry authorities with a shared commitment to telling clients what is really needed for turning change into a strategic business asset, managing risk and unlocking value at every stage of growth.