Howden is pleased to announce the appointment of Mandira Gupta as the Managing Director & Head of M&A, IMEA. In her new role, Mandira will lead Howden’s strategic focus on private equity and transactional risk insurance solutions. She will be based at Howden’s headquarters in India – Mumbai.
Mandira’s appointment comes at a time when Indian markets are experiencing significant growth. In Q1 2025, deals totalling $5.3 billion were recorded, indicating a notable spike in volume as well as value over Q4 2024, according to the Grant Thornton Bharat report. Compared to the same quarter last year, this spike indicates a startling 204% increase in India’s M&A and PE value and a 25% increase in deal volume.
Widely credited with building and expanding the Transaction Risk (TR) practice in India, Mandira brings over two decades of M&A expertise and leadership experience in insurance broking and investment banking. Prior to joining Howden, she served as a Managing Director at Marsh India Insurance Broking, where she headed the Private Equity and M&A (PEMA) practice for India and led the TR practice for India, the Middle East, and Africa.
Throughout her career, Mandira has successfully worked on several of India’s most complex and high-profile transactions. With over ten years of dedicated experience in M&A insurance and nine years in investment banking across India and London, she brings a unique blend of technical sharpness to her new role at Howden.
Mandira Gupta, Managing Director & Head of M&A, IMEA, said, “I am delighted to join Howden, and look forward to contributing to its growth and business objectives. My main emphasis will be on creating customized solutions for high-profile transactions, leveraging my long-standing relationships within the industry.”
Amit Agarwal, CEO & MD of Howden, India, added, “We are proud to welcome Mandira to our team. Her appointment strengthens Howden India’s dynamic growth and firm dedication to enhancing its expertise in the PE and M&A sectors, as we continue to expand our capabilities and deliver exceptional value to our clients.”
