Our Financial Institutions Group (FIG) vertical is focused on India's high-growth financial services sector. The team has extensive experience in both mergers and acquisitions (M&A) and private equity (PE) transactions.
Sub-Sectors in Focus
Our mergers and acquisitions (M&A) advisory and private equity (PE) syndication services are recognized as amongst the best in these chosen sub-sectors.
- Financial services - banks, NBFCs, mortgage finance, microfinance companies, insurance companies
- Logistics - third party logistics (3PL), multi-modal transportation and freight management
- Media - publishing, cable & broadband, broadcasting and service providers to the media industry
- Education -preschools, K-12, higher education and vocational training
- Business services - facilities management, cash management and security services
Led By
Anshul Agarwal
Managing Director and Head, Financial Institutions Group, Avendus Capital
Anshul Agarwal heads the Financial Institutions Group vertical for Avendus’s investment banking business and is based in Mumbai.
He has over 16 years of investment banking experience across sectors including financial services, consumer & business services, aviation and metals & mining sectors.
Prior to joining Avendus, he worked for over 13 years at Rothschild, India. At Rothschild, he was responsible for coverage and execution of financial services and aviation verticals. He has rich experience of working on multiple cross-border transactions in mergers and acquisitions (M&A), private equity (PE) syndication and Initial Public Offering (IPO) advisory. Anshul has spent some early years of his career working with Lazard’s investment banking team.
He holds an MBA degree from IIM, Calcutta and has done his Bachelor's in production engineering from Pantnagar University.
Transactions
Reports
Energy Transition Materials Imperative to India's self-reliance in clean energy
Energy transition is driving unprecedented demand for materials like lithium, nickel, cobalt, rare earths and graphite. With over 60% of processing capacity concentrated in China, supply chain risks associated with these materials are significantly higher. India’s heavy reliance on imports of these materials also makes energy security a challenge. Our latest report explores ETM risks, supply-demand trends, and opportunities for India to build a self-reliant value chain.
Transformative Transactions in Technology Services
With USD 330 Bn+ worth of transformative deals in IT Services over the past decade, the industry is evolving at a rapid speed. The industry is also witnessing a surge in billion-dollar deals across niche sectors like Digital Engineering Services (DES), Healthcare Revenue Cycle Management (RCM), and Cloud and Analytics. Driven by growing investor interest, emerging buyers, and strong sub-segment growth, our report explores key trends, high-value targets, and the dominance of PE and strategic players shaping the future of this dynamic space.
Indian Alternatives Market: Poised for USD 2 Trillion by 2034
India’s Alternatives market, currently valued at USD 400 billion, is set for exponential growth, driven by increasing HNI wealth, a favourable regulatory environment, and rising demand for differentiated products. Our report explores the key trends, investment opportunities, and sectoral drivers, projecting the market to reach USD 2 trillion in the next decade, unlocking immense value-creation potential.
US Healthcare RCM Services: A USD 28 Billion Market Opportunity by 2029
The market for outsourced Revenue Cycle Management services has grown multi-fold in the recent years, driven by several factors such as, complexity of medical codes and workflows across the RCM value chain, shortage of talent, and growing pressure on overall profitability of providers. Our report highlights the key trends, technology adoption, and investment opportunities in this high-growth sector.
Decoding SaaS
India’s SaaS market is set to grow at 33% CAGR to USD 35 billion+, contributing ~7% to the global market. Our latest report unveils an 8-point framework to identify high-value SaaS companies, emphasizing revenue growth, profitability (Rule of 40), sales efficiency, client retention, and strong cash flow from subscription models.
Data Centres - A USD 25 Billion Market Opportunity Over The Next Decade
India's Data Centre industry is currently undergoing a massive disruption, led by long-term stable capital chasing both yield and growth returns and propelled by hyperscale tenancy and AI respectively. India is among the fastest-growing Data Centre markets globally and we estimate that it will grow at a CAGR of ~26% over the next 3 years to reach ~2,000 MW by December 2026. Our report aims to table the key drivers as the narrative for Data Centres in India unfolds.