BENGALURU, INDIA, 31 JULY 2026 – Leading global professional services firm Alvarez & Marsal (A&M) India has announced the appointment of Rajan Prasanna as Managing Director within its Turnaround & Restructuring practice. Based in Bengaluru, he will advise clients on operational and financial turnarounds, business model redesign and performance improvement initiatives.

Mr. Prasanna brings more than 20 years of corporate leadership, operating and consulting experience across India, the UAE and the United States. He has advised and led organizations on business turnarounds, cost reduction, customer-centric growth strategies and large-scale performance improvement and value creation initiatives across consumer, retail, industrial, automotive, digital native and real estate sectors. 

Prior to joining A&M, Mr. Prasanna held senior leadership positions at the Flipkart Group, including as Senior Vice President, Strategy and Analytics at Myntra, where he led multiple new business and cost transformation programs that contributed to the company's market-leading growth and profitability. He has advised global clients as an Associate Principal at Bain & Company and led Customer Excellence for Emaar Group in the UAE.

Himanshu Bajaj, Managing Director & Head – A&M India and GCC, said, “Today's business environment is being shaped by geopolitical volatility and rapid technological disruption, making restructuring and turnaround capabilities more critical than ever. As demand for operational and financial transformation continues to grow, we remain focused on investing in senior talent that strengthens our ability to solve our clients' most complex challenges. Prasanna’s appointment is a significant addition to our continued efforts to expand our Turnaround & Restructuring capabilities in India.”

Nikhil Shah, Managing Director and Financial Advisory & Special Situations Leader, A&M India, said, “Prasanna brings a distinctive combination of consulting expertise and hands-on operator capabilities, having led significant change management initiatives in complex situations. He brings a practical, execution-focused perspective that helps clients turnaround and improve performance rapidly.”

Rajan Prasanna, Managing Director, Turnaround & Restructuring, A&M India, said, “Businesses today are looking for practical solutions that deliver measurable results as they navigate increasingly complex transformation challenges. A&M's execution-led approach and deep expertise in turnaround, restructuring, and performance improvement provide a strong platform to help clients solve complex business challenges. I look forward to working with my colleagues and our clients to improve performance, build resilient businesses, and create long-term value.”

About Alvarez & Marsal

Founded in 1983, Alvarez & Marsal is a leading global professional services firm. Renowned for its leadership, action, and results, Alvarez & Marsal provides advisory, business performance improvement, and turnaround management services, delivering practical solutions to address clients' unique challenges. With a worldwide network of experienced operators, world-class consultants, former regulators, and industry authorities, Alvarez & Marsal helps corporates, boards, private equity firms, law firms, and government agencies drive transformation, mitigate risk, and unlock value at every stage of growth.

To learn more, visit: AlvarezandMarsal.com.