Mehul Shah — Associate Partner

Mehul Shah is a Senior Manager at Bain & Company, Mumbai, with 7+ years of experience advising leadership teams across energy, industrials, logistics, and consumer-tech, with a strong focus on public sector strategy and transformation. He has led flagship engagements for India’s largest state-owned enterprises, including: 1. Developing TSR-driven portfolio strategies, combining investor expectations, financial engineering, and business model shifts 2. Shaping 5-year energy transition roadmaps, identifying strategic plays in green hydrogen, renewables, EVs, and biofuels 3. Designing M&A and JV strategies to enable capability build-out and future-focused diversification Beyond the public sector, Mehul has also worked on: 1. ESG strategy for large industrial groups, aligning Scope 1/2/3 decarbonization levers with group-level net-zero targets 2. Emobility strategy for global conglomerates across India and Europe 3. GTM and commercial acceleration for logistics tech platforms and IPO-stage startups 4. Transformation office setup, including digital PMO tools, dashboards, and governance models Mehul holds a Master’s in Communications & Signal Processing and a Bachelor's in Electrical Engineering from IIT Bombay, bringing together technical depth and strategic impact.

Stackforce AI infers this person is a strategic consultant with expertise in energy, industrials, and logistics sectors.

Location: Mumbai, Maharashtra, India

Experience: 10 yrs 4 mos

Skills

Business Strategy
Project Management
Esg Strategy
E-mobility Strategy
Gtm Strategy
Sales Transformation
Brand Strategy
Data Analysis

Career Highlights

Led flagship engagements for India's largest state-owned enterprises.
Expertise in energy transition and ESG strategies.
Strong technical background in engineering and communications.

Work Experience

Bain & Company

Senior Manager (2 yrs 8 mos)

Manager (2 mos)

Consultant (1 yr 11 mos)

Senior Associate Consultant (11 mos)

Associate Consultant (1 yr 11 mos)

Indian Institute of Technology, Bombay

Teaching Assistant (10 mos)

Research Assistant (2 yrs 11 mos)

IIT Bombay

Student Mentor Program Coordinator [ISMP + DAMP] (1 yr 2 mos)

J.P. Morgan

Corporate Investment Banking Intern (2 mos)

Rentsetgo

Business and Marketing Analyst (1 mo)

Education

Bachelor’s Degree at Indian Institute of Technology, Bombay

Master’s Degree at Indian Institute of Technology, Bombay

Minor at Indian Institute of Technology, Bombay

High School at Macro Vision Academy, Burhanpur

High School at Nehru Montessori Senior Secondary School, Burhanpur, India

Mehul Shah

Associate Partner

Mumbai, Maharashtra, India10 yrs 4 mos experience

Most Likely To SwitchHighly Stable

Key Highlights

Led flagship engagements for India's largest state-owned enterprises.
Expertise in energy transition and ESG strategies.
Strong technical background in engineering and communications.

Stackforce AI infers this person is a strategic consultant with expertise in energy, industrials, and logistics sectors.

Contact

Skills

Core Skills

Business StrategyProject ManagementEsg StrategyE-mobility StrategyGtm StrategySales TransformationBrand StrategyData Analysis

Other Skills

AnalyticsCC++EntrepreneurshipHTMLLaTeXLeadershipManagementMarket ResearchMarketingMatlabMentoringMicrosoft ExcelMicrosoft OfficeMicrosoft PowerPoint

About

Experience

10 yrs 4 mos

Total Experience

3 yrs 10 mos

Average Tenure

7 yrs 5 mos

Current Experience

Bain & company

5 roles

Senior Manager

Promoted

Oct 2023 – Present · 2 yrs 8 mos

1. Developed a TSR strategy for a leading energy PSU, identifying levers across growth, investor relations, portfolio optimisation and capital structure to enhance market capitalisation.
2. Defined long-term alternate energy roadmap across green hydrogen, renewables, EVs, and biofuels to support net-zero ambitions.
3. Crafted M&A and JV roadmap to accelerate diversification and build capabilities in future energy value chains.

Business StrategyData AnalysisProject Management

Manager

Jul 2023 – Sep 2023 · 2 mos

1. Led ESG strategy design for four business units within a large industrial conglomerate, identifying Scope 1/2/3 decarbonization levers and aligning with the Group vision.

ESG StrategyData Analysis

Consultant

Promoted

Jul 2021 – Jun 2023 · 1 yr 11 mos

1. Developed India and Europe-wide e-mobility strategy, including value chain mapping, business model evaluation, and long-term roadmap creation.
2. Supported GTM strategy and solution design for B2B supply chain business, enhancing customer conversions and building a scalable sales model.
3. Drove sales transformation for a used-car platform, identifying growth levers and optimising channel performance.
4. Set up a Transformation Management Office for an automotive leader to oversee 130+ strategic initiatives, including governance, charters, and digital PMO tools.
5. Advised on IPO readiness and enterprise sales effectiveness for a tech-driven hospitality platform.

E-Mobility StrategyGTM StrategySales Transformation

Senior Associate Consultant

Jul 2020 – Jun 2021 · 11 mos

1. Supported a long-standing chemicals client in navigating the COVID crisis through robust Q1/Q2 budgeting, cash control, and long-term business readiness.

Associate Consultant

Jul 2018 – Jun 2020 · 1 yr 11 mos

1. Applied Bain’s Brand Accelerator to craft a 3-year growth roadmap for four newly acquired FMCG brands, detailing “where to play” choices, “how to win” levers, and an innovation agenda.
2. Designed a landlord value proposition and ran an Australian pilot to unlock non-purpose-built student housing supply, then codified a repeatable scale-up model.

Indian institute of technology, bombay

2 roles

Teaching Assistant

Jul 2017 – May 2018 · 10 mos

Fall Semester - Managing a class of 60+ students ( UG + PG ) for a core course "Introduction to Probability and Random Processes". Responsibilities range from setting assignments, conducting quizzes, term examinations and evaluating students based on performance across exams, class participation and attendance.
Spring Semester - Managing a class of 80+ students across CS and EE departments at IIT Bombay for the course "Internet Economics".

Research Assistant

Jun 2015 – May 2018 · 2 yrs 11 mos

RESOURCE ALLOCATION IN CROWDSOURCING SYSTEMS: What to ask and to whom? | MASTER’S THESIS
▪ Designing platforms that provide scalable human-powered solutions to label large-scale datasets at minimal cost
▪ Simulating adaptive budget optimal task assignments schemes to achieve target efficiency under Bayesian inference
▪ Analyzed Amazon Mechanical Turk, Oracle Estimator among 10+ crowdsourcing models; working on improving efficiency

Iit bombay

Student Mentor Program Coordinator [ISMP + DAMP]

Feb 2017 – Apr 2018 · 1 yr 2 mos · Mumbai Metropolitan Region

Appointed by Institute Deans to lead a 3-tier team of 242 members to support 2100+ undergraduate students
▪ Handpicked 83 mentors from 310 applicants via an intensive 3-stage framework of SOPs, peer review & interviews
▪ Proposed restructuring of 1st year curriculum as a student representative (7 of 10k+) in Senate, IITB’s apex policy making body
▪ Mentored 30 freshmen & 11 senior students over 2 years; helping them cope with academic and personal problems
Initiatives and Impact
▪ Established UG academic mentorship in Industrial Design Centre; commenced vetting of DAMP reports by HODs
▪ Revamped the SMP website to assist prospective freshmen & current students; 30k+ views in 2 months; covered by TOI
▪ Instituted a 7-module based in-house training program & weekly videos to endorse good mentoring practices
▪ Orchestrated a support structure to aid 300+ senior students overcome language barriers and gain proficiency in English
▪ Launched Basic Computer Learning classes for 40+ freshmen; building content for yearlong hands-on sessions
▪ Initiated monthly progress review meetings & logs with targeted objective questions to improve mentor accountability

J.p. morgan

Corporate Investment Banking Intern

May 2016 – Jul 2016 · 2 mos · Mumbai Metropolitan Region

JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
Project 1
Message Console – Added enhancements to message console application which reports FX trades materializing every millisecond
▪ Identified erroneous trades by developing systematic alerting mechanism, thereby averting probable financial adversities
▪ Achieved 40% reduction in manual intervention required to track latest status of trades by automatically updating database
Project 2
Automated Signal Flow Analysis – Automated analysis of currency flow to broadcast infographics for Quant Researchers
▪ Implemented an algorithm to recommend Buy/Sell/Hold to traders for 15 currency pairs on a daily basis
▪ Advocated switching/retaining current trade direction by setting up thresholds based on changing z-score values
▪ Designed a simulated setup to predict net profit and loss attained by traders based on algorithmic recommendations

Rentsetgo

Business and Marketing Analyst

Nov 2014 – Dec 2014 · 1 mo · Mumbai Metropolitan Region

RentSetGo, a mobile only marketplace, is a P2P service provider for renting travel, adventure and leisure accessories
▪ Escalated the concept of sharing economy using peer-to-peer rental services; promoting focus on "experience over expense”
▪ Undertook extensive market research on collaborative consumption and its impact on global economy in future

Data AnalysisProgramming