Investment banking firm Business Development Asia LLC (BDA) has hired Sumit Ganguly as managing director and head of its Mumbai office. This appointment is a step to bolster BDA’s team in India and to deepen the firm’s bench of pan-Asian investment bankers.
Ganguly has more than a couple of decades of experience advising on privatisation in the country, M&A, capital markets and private equity transactions.
Prior to joining BDA, he worked at Barclays' corporate finance wing for four years in Mumbai. Before that, he worked in the corporate finance departments of ABN AMRO, DSP Merrill Lynch Ltd and UBS.
Ganguly holds a diploma from Xavier’s Institute of Management and a B Com (Hons) from St. Xavier’s College, Kolkata. He is a Fellow of the Institute of Chartered Accountants of India.
The clients advised by Ganguly include government of India, Britannia, Carlyle, IDBI, Indian Petrochemicals, Siemens, Tata Global Beverages and Tech Mahindra.
"Sumit has an impressive track record and an excellent network of relationships with corporate and private equity firms," said Kumar Mahtani, director of BDA Mumbai and a member of the firm’s executive committee.
New York-headquartered BDA advises companies in sectors such as manufacturing, automotive, chemicals, consumer, healthcare, technology, media and telecom on M&A, capital raising and restructuring services to. The firm specialises in cross-border transactions involving Asia including the Middle East. It has offices in London, Beijing, Shanghai, Hong Kong, Mumbai, Bahrain, Seoul and Tokyo.
The transactions done by BDA include ICICI Venture's exit from clinical research firm Radiant Research and Larsen & Toubro's sale of its plastics machinery business to Japan's Toshiba Machine.
(Edited by Joby Puthuparampil Johnson)