May 21, 2024


Think Differently

Capco announces two executive appointments to drive continued growth of its financial services advisory capability in India

Dipanjan Naha and Madhav Malhotra join Capco India as Partners

BANGALORE & MUMBAI, India, April 30, 2024–(BUSINESS WIRE)–Capco, a Wipro company, the global technology and management consultancy, has appointed Dipanjan Naha as a Partner and Head of India Market, and Madhav Malhotra as a Partner for India Market.

Operating in India since 2008, Capco today has over 1,400 employees supporting Capco’s global clients from offices in Bangalore, Pune, Gurgaon, Mumbai, Chennai and Hyderabad. In 2022, Capco established a dedicated practice offering strategic advisory and consulting capabilities to Indian financial services firms. This India Market business brings together Capco’s deep domain expertise around digital banking and insurance, data and cloud transformation, intelligent automation, and cybersecurity with Wipro’s scale and extensive delivery to offer clients a comprehensive suite of transformational services.

Dipanjan Naha, based in Mumbai, will be responsible for accelerating the growth of Capco’s India Market business and helping a wide and diverse range of Indian financial institutions to realise their strategic goals. Dipanjan joins Capco from Deloitte’s Clients and Industries division, having held financial services leadership roles at KPMG, DBS Bank, HSBC, HDFC Bank and ICICI Bank. Dipanjan will focus on areas including digital, operational and workforce transformations, data & analytics, emerging technologies, business strategy, elevating customer experience, risk management, operationalising regulations, and managed services.

Madhav Malhotra, based in Bangalore, brings over 15 years of experience in strategy and management consulting, operational and digital transformation, finance, regulation and governance. Madhav will work alongside Dipanjan to drive growth and expansion of its consulting footprint across the Indian market, focusing on delivering end-to-end transformations for financial services institutions. Madhav joins from Swiss Re in Bangalore, where he served as CFO for its Global Business Solution centres in India, and also led the build, operationalization and transformation of Swiss Re’s Cash & Cost Operations function for APAC and Americas. Prior to that role, he was a transformation consultant with KPMG and Deloitte, working with banks and insurers to enable their technology and operational transformation journeys.

Anne-Marie Rowland, CEO of Capco, said: “Dipanjan’s and Madhav’s experience working with global organizations will be invaluable in driving the expansion and depth of Capco’s advisory capability in India. Capco is focused on partnering with Indian financial services clients to help them solve their most complex challenges, enabling them to increase efficiency, reduce costs and offer better user experiences to their own customers.”

James Arnett, APAC & Middle East Managing Partner at Capco, said: “I am very pleased to welcome Dipanjan and Madhav to the team. Both Dipanjan and Madhav bring extensive expertise to our local leadership team to foster strong relationships and collaboration with our Indian clients and partners as they look to drive and accelerate innovative transformation opportunities.”

About Capco

Capco, a Wipro company, is a global technology and management consultancy focused on the financial services industry. Capco operates at the intersection of business and technology by combining innovative thinking with unrivalled industry knowledge to fast-track digital initiatives for banking and payments, capital markets, wealth and asset management, insurance, and the energy sector. Capco’s cutting-edge ingenuity is brought to life through its award-winning Be Yourself At Work culture and diverse talent. To learn more, visit or follow us on LinkedIn, Instagram, Facebook, and YouTube.

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Tim Steele, Head of External Communications
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