Our integrated global Enterprise Technology and Services (ET&S) team, which is spread across the US, Europe and India, allows us to act locally, while utilizing global relationships and best practices to enrich our solutions.
As a practice, we believe in building our thought leadership in this dynamic technology sector, through our deep and long-term relationships with relevant industry players, extensive transaction flow and regular publication of reports on emerging industry trends as well as on topical areas like cross-border taxation and structuring. With over 100 transactions in the sector, the firm has a global network of buyer and investor relationships in the US, Europe and Asia.
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.
- Digital transformation service
- Software product development for enterprises
- Cloud enablement
- Intellectual property led new generation solutions – IaaS, PaaS, SaaS
- Traditional technology services
- IT infrastructure management services
- Vertical specific IT solutions in BFSI and healthcare
Led By
Shobhit Jain
Managing Director and Head, Enterprise Technology & Services, Avendus Capital
Shobhit Jain is a seasoned Investment Banker with over two decades of expertise in strategic advisory. He currently serves as a Managing Director and co-heads the Enterprise Technology & Services practice at Avendus Capital.
Throughout his career, Shobhit has demonstrated proficiency in various aspects of Investment Banking, including M&A, strategic advisory, deal structuring, transaction sourcing and public & private financing for both domestic and cross-border transactions. He possesses deep knowledge across core and high-growth areas of IT services, such as digital engineering, analytics, cloud, as well as vertical-focused BPM areas such as Healthcare, BFSI and Insurance.
Shobhit has spearheaded landmark deals, including the merger-demerger of KPIT Technologies and Birlasoft to create two independently controlled listed entities, the sale of majority stake in SLK Global to Coforge, USD 50 million fund raised for TheMathCompany led by Brighton Park Capital, HIG Capital's majority stake in Navita Life Sciences and demerger of Mastek's insurance business into Majesco. He has also played a key role in advising Indian and multinational companies on various IPOs, QIPs, block deals, open offers, buybacks and delisting offers including iGate's delisting of Patni Computers.
Prior to joining Avendus Capital, Shobhit served as a Senior Vice President in the technology and media investment banking vertical at Kotak Investment Bank, contributing to the firm's success for over ten years.
He is a Chartered Accountant and has a Master’s degree in Commerce from Mumbai University.
Transactions
Reports
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.
Indian domestic formulations: An INR ~5.5 trillion market by 2034
The Indian DomForm market is expected to touch INR ~5.5 trillion by 2034, growing at a CAGR of 10%. Our report foresees some fundamental model shifts over the next decade, such as a gradual transition from a primarily doctor branded prescription model to an alternative marketing and channel mix. This will be aided by more stringent quality compliance, which would lead to a rationalisation of supply chains.