Programmatic M&A

We help established companies build a repeatable engine for inorganic growth. Our work covers acquisition strategy, sector and adjacency mapping, target identification, strategic evaluation, transaction support and integration planning. Designed for both mid-cap and large-cap companies, our programmatic approach turns isolated transactions into a coherent sequence of acquisitions that strengthens products, capabilities, geographic reach and long-term competitive position.

Data show that Indian M&A has expanded in volume while remaining volatile in value: 360 deals worth US$37.5 billion in 2020; 499 worth US$42.9 billion in 2021; and US$91.4 billion in 2022, driven disproportionately by seven multi-billion-dollar transactions. Activity normalised to 494 deals worth US$25.2 billion in 2023, before rising to 683 deals worth US$44.1 billion in 2024 and 963 deals worth US$60.2 billion in 2025. Fourteen billion-dollar transactions represented more than half of 2025 value, while the near-1,000 deal count demonstrates activity beyond the large-cap headlines. 2020–21, 2022, 2023, 2024, 2025

For large-cap and mid-cap businesses, acquisitions increasingly support vertical integration and horizontal expansion. Samvardhana Motherson International—formerly Motherson Sumi Systems—illustrates the model. The company reports integrating 48 acquisitions since 2002, using repeated transactions to add wiring, mirrors, polymer modules and other capabilities; it now operates more than 475 facilities across 47 countries. Motherson

We help leadership teams define the acquisition thesis, map capability gaps, build and prioritise target pipelines, evaluate strategic fit, support transactions and establish integration and value-creation priorities. The objective is not simply to complete deals, but to create an acquisition capability that compounds competitive advantage.

Programmatic M&A

Building a repeatable engine for inorganic growth