Professional services and turnaround firm Alvarez & Marsal (A&M) India announced the appointment of two former Accenture Strategy executives, Jugnu Sakuja and Shubhra Goel, as Managing Directors. These appointments follow a series of managing director-level hires made by the firm in recent months, coinciding with A&M’s ambitious goal of achieving fivefold growth over the next five years.

An alumnus of IIM Calcutta, Sakuja brings over 18 years of consulting experience. Based in New Delhi, he specialises in driving large-scale business transformation programmes with a focus on margin expansion, growth, and cost optimization. Prior to joining A&M, he spent seven years with Accenture Strategy, where he was responsible for a large-scale cost optimization programme for one of India’s largest passenger vehicle players, and helping a leading two-wheeler player optimize its logistics and packaging operations.  

Goel will be based in Mumbai and will be tasked with expanding A&M India’s capabilities in helping the digital transformation of clients in financial services. Holding an MBA in Finance and Strategy from ISB, Hyderabad, Goel has over 20 years of experience in financial services, including over 15 years in consulting.  

She specialises in analytics- and technology-led sales improvement, digital strategy formulation, entry strategy, operating model redesign, and programme management of large, complex projects. Previously, she served as the consulting lead for financial services for India clients at Accenture Strategy, with a focus on insurance, banking, and capital markets sectors.

“Their deep industry knowledge, consulting experience, and proven track record will play a pivotal role in advancing our growth story across key sectors such as financial services, automobile, and infrastructure, among others”, said Himanshu Bajaj, MD and India co-country Leader at A&M.  

The firm has recently made several key appointments. In September, Bharat Garg and Sameer Amte were appointed as Managing Directors for the Business Transformation Services vertical, while Anjali Chandra was named Senior Director at the Global Capability Centre in New Delhi. Earlier, the firm appointed former BCG partner Akhilesh Sahu as Managing Director for its Industrial and Consumer Goods practices, based in New Delhi.