Subject
Rohan Mehta
Current role
Principal, Investment Banking
Tenure
Fourteen years
Coverage
BFSI, Consumer, select TMT
Regulatory
SEBI Research Analyst · CFA Charter
Mr. Mehta has spent fourteen years executing cross-border transactions across BFSI and consumer verticals. He has advised on fifteen closed deals with aggregate enterprise value exceeding USD 2.8 billion. Previously with Goldman Sachs Mumbai and the M&A practice at Kotak Mahindra Capital. He is currently Principal and head of BFSI coverage at Avendus Capital, reporting directly to the CEO. In his remaining time he serves on two industry committees and writes a bimonthly column for Livemint on Indian financial services consolidation.
$2.8B
Transactions, Cumulative EV
Since 2012
15
Closed Mandates
Sell + buy side
73%
Repeat Client Rate
Past 4 years
11 wks
Median Exec Time
Signing to close
14
Years of Service
BFSI focus
I.Career History
A sequence of roles at institutions regulated by the SEC, SEBI, and HKMA.
2020 – PresentMumbai
Principal, BFSI Coverage
Avendus Capital
Head of the BFSI coverage team. Led twelve mandates including the LendingKart Series D and the Policybazaar strategic sale process. Direct report to the CEO. Promoted from Executive Director in 2022.
12Mandates
2016 – 2020Mumbai
Vice President, M&A
Kotak Mahindra Capital
Closed eight sell-side and buy-side mandates. Notable: the ICICI Securities IPO advisory and the HDFC ERGO–Apollo Munich merger. Led junior team of 4 analysts and associates.
08Mandates
2013 – 2016Mumbai / Hong Kong
Associate, Investment Banking
Goldman Sachs
Consumer and TMT sector coverage, with six months in Hong Kong rotation. Nine closed transactions across South and Southeast Asia. Top performance rating both years.
09Mandates
2012London
Summer Analyst
J.P. Morgan
Investment banking summer programme, leveraged finance desk. Converted to full-time offer at Goldman Sachs Mumbai after graduation.
01Mandates
II.Selected Transactions
Representative mandates across the last seven years. Full list available under NDA.
LendingKart Series D
USD 88M · 2023 · Sell-side advisor
Sole banker to LendingKart on its Series D led by Temasek. Closed in eleven weeks at a USD 690 million post-money valuation. Retained on follow-on convertible round in 2024.
$690MEnterprise Value
Policybazaar Strategic Review
USD 450M range · 2022 · Buy-side
Ran the buy-side process for a global private-equity consortium bid. Did not close on economic terms, but was instrumental in setting market comparables for subsequent InsurTech rounds.
$450MEnterprise Value
HDFC ERGO–Apollo Munich Merger
USD 680M · 2019 · Co-advisor
Co-advisor to HDFC ERGO on the largest health-insurance M&A in Indian history. Included regulatory clearance with IRDAI, competition commission filings, and integration planning.
$680MEnterprise Value
Regional NBFC Consolidation
USD 310M · 2021 · Sell-side
Advised a regional NBFC on sale to a listed financial holding company. Ran a two-stage auction process; three binding bids at final round. Closed above initial indicative range.
$310MEnterprise Value
III.Practice Ledger
Line-item summary of the standing practice, by region and product.
0
India domestic M&ASell and buy side, ticket USD 50M – 700M
9 deals · $2.1B
1
Cross-border M&AIndia, SE Asia, MENA inbound
4 deals · $520M
2
Growth equitySeries C / D advisory, fintech focus
2 deals · $175M
3
Fairness opinionsPublic-market M&A and internal review
7 opinions
4
Board advisoryRetained relationships with 4 boards
4 boards
5
Published commentaryLivemint column · bi-monthly
22 pieces
IV.Committees & Memberships
Industry bodies, advisory boards, and standing committee seats.
Industry Committee, FICCI BFSIStanding member · Capital markets sub-group
2022 – present
Advisory Board, IIM Ahmedabad Centre for FinanceNon-executive · academic advisory
2021 – present
CFA Society IndiaProgramming Committee · quarterly speaker curation
2019 – 2023
ISB Alumni Board, West ZoneElected seat · mentorship lead
2020 – 2024
V.Competencies
00
M&A execution
01
LBO modelling
02
BFSI coverage
03
Cross-border
04
Fairness opinions
05
Board advisory
06
Team leadership
07
Hindi
VI.Academic Credentials
Formal credentials and post-graduate certifications.
2013Academic
M.B.A., Finance
Indian School of Business, Hyderabad
Dean's List · Rank 4 of 800 · Gold Medal, Finance
★Honours
2010Academic
B.Com (Honours)
Shri Ram College of Commerce, Delhi
First class with distinction · University Gold Medal · 93.2%
★Honours
2015Academic
CFA Charter
CFA Institute
All three levels cleared on first attempt · recipient since 2016
★Honours
The most useful thing a banker can offer is judgment in the room. Models matter; narratives matter more. My practice has centred on one idea: that a good transaction is the one the board understands on the first reading, and my job is to make that possible. I have had the privilege of working alongside exceptional colleagues and founders over the last fourteen years, and the list of mandates in this dossier belongs as much to them as to me.
Rohan Mehta, CFAPrincipal · BFSI Coverage · Avendus Capital