Boutique investment bank Singhi Advisors has hired former director of Wadia Group firm Bombay Burmah Trading, Ashok Panjwani to head its M&A practice for sectors including industrials, building materials and allied industries.
Panjwani will also work on the consumer and FMCG sectors, the firm said in a statement.
“Ashok brings on board a rich legacy of professional expertise, proven business acumen across diverse verticals and M&A activities. Synergising his collective capabilities and consolidating his business strengths will go a long way in helping us achieve our goal of becoming the best deal-making firm,” said Mahesh Singhi, founder and MD, Singhi Advisors.
Panjwani was previously managing director of Wadia Group firm Bombay Burmah Trading Corporation Ltd. Earlier, he was also CEO and director at Vedanta Group. Currently Panjwani is a director at Dental Products of India Ltd.
Panjwani will likely be bridging the gap for Singhi Advisors in the industrials space after it lost its industrials sector banker to Edelweiss Financial Securities last year.
Earlier this month, Avendus Capital’s also lost its industrials sector banker to another firm.