Bain Capital

Suruchi Nangia joined Bain Capital in 2019. She is a Managing Director on the Special Situations team. Prior to joining Bain Capital, Suruchi was at Apollo, focused on its India-dedicated fund, AION Capital, and responsible for private equity, special situations, and credit investments. Previously, she worked on KKR's structured credit investing team in India and at Goldman Sachs in London.

Utsav Baijal joined Bain Capital in 2025. He is a Partner and Head of Special Situations in India. Utsav focuses on special situations investments across the region and works closely with the broader Asia team. Prior to joining Bain Capital, Utsav was a Partner with Apollo Management. At Apollo, he focused on several asset classes including private equity, hybrid and credit during his 17-year tenure across New York and Mumbai. Utsav most recently served as Head of India and a Partner with the Hybrid Value team in Mumbai. Prior to Apollo, Utsav worked with the Private Equity team at Bain Capital in Boston working extensively in the consumer and retail sectors. Utsav started his career as a management consultant with McKinsey & Company across the New Delhi and Hong Kong offices and was a founder member of their corporate finance practice in India.

Gunjan joined Bain Capital in 2022 and is based in Mumbai. He is a Managing Director with a focus on the real estate vertical in India. Prior to joining Bain Capital, Gunjan has worked with LOGOS (logistics specialist), Govt. of Singapore Investment Corporation (GIC) and J.P. Morgan Asset Management, where he has invested significant funds in Indian real estate across commercial, residential, hotel and logistics assets.