McKinsey & Company , Senior Partner & Asia Payments Practice Leader
Toshan is a Senior Partner in the Mumbai office of McKinsey & Company and joined the firm in 2002. Since 2015, Toshan has been leading McKinsey’s Payments Practice in the Asia region. Toshan is also a co-leader of McKinsey India’s Financial Services Practice and works with banks, insurers and asset managers across strategy, operations & organizational topics. In addition to financial services, Toshan also leads McKinsey’s Private Equity Practice in India with a focus on helping buy-side sponsors on investments as well as helping multi-business conglomerates and holding companies in creating value from their portfolios. His other interests include education and public policy.
His recent expertise covers two main areas: Corporate Finance, Private Equity and Transaction Advisory where he has assisted clients on over 70+ due diligences for PE firms; 15+ India investment scans/ strategies for pension funds/SWFs and other financial sponsors; and Financial Services in India. Recent client engagements have included helping a new bank license winner to build the Consumer & SME Bank model with a distinct focus on Digital; and also helping 2 license applicants in small/payments bank applications to the Reserve Bank of India.
Toshan is an avid writer and has co-authored several external McKinsey publications over the last few years – ‘India Private Equity – Route to resurgence’ (2015), ‘Mutual Funds – Riding the wave of opportunity & optimism (2015)’, ‘Conglomerate value-creation in the next decade (2012)’, ‘India Banking 2010’, ‘Indian Asset Management Landscape 2012’, ‘Towards Superior Risk Management in Banking’(2009), ‘Unlocking India’s infrastructure potential (2010)’ and ‘New arenas in Indian banking (2013)’. Toshan also has significant buy-side experience, having worked with a leading private equity fund in India, focusing on investments in the financial services and infrastructure space.
Toshan has done his Bachelors in Commerce from the University of Bombay and has received his M.B.A. from the Indian Institute of Management, Ahmedabad before joining McKinsey.