About Us

We have extensive experience in India and abroad of over 40 years

A boutique consulting firm based out of Mumbai, India, Mahajan & Aibara Advisers LLP specialises in providing Management and Business Consulting Services for the Hospitality, Real Estate & Tourism Sectors. The M & A team has extensive experience in India and abroad of over 40 years and has offered advisory services to domestic and multinational clients as well as Government agencies.

Catering to the evolving market scenario, the organisation offers a spectrum of innovative advisory services ranging from site evaluation, concept, market assessment & feasibility studies to operator search & management contract negotiations.

In addition, we offer Asset Management services to assist owners and developers in optimising operations and enhancing profitability. We have also successfully helped clients raise private equity for their projects in the hospitality and real estate sector as well as provide transaction advisory services. Our people are our key strength and the Hospitality, Real Estate & Tourism practice includes professionals with diverse backgrounds

Our Founding Partner

Late Homi Aibara
Founding Partner
B.Com. (Hons), F.C.A. (England and Wales)

Homi Aibara was the founding partner of the Business Consulting Division at Mahajan & Aibara. He was a qualified Chartered Accountant from the U.K. Unfortunately, he passed away in October 2015.

Homi had 34 years post qualification experience in Consulting and had worked for and with some of the larger players in the Indian tourism, hospitality & real estate industries, food service providers, tour operators and transportation companies.

Our Team

Jehangir Homi Aibara
Director
B.A. (Finance), MMH (Cornell)

Jehangir graduated from the Masters in Management Hospitality (MMH) program at the School of Hotel Administration, Cornell. Jehangir concentrated in Real Estate during his time at Cornell. He is a B.A. graduate from Franklin & Marshal College in the United States.

Jehangir has been working at the firm for over fifteen years on market and feasibility studies, private equity placement activities, bid process management, deal documentation, asset management and operator search activities for hospitality and real estate related projects.

Tanaaz Kasad
Director
B.Com. , P.G.D.B.M. (Finance)

Tanaaz has nearly three decades of post qualification experience in consultancy and has extensive knowledge of the hospitality, real estate, retail and banking sectors. Her specialisation includes offering holistic advisory services encompassing site identification & location evaluation, concept, market assessment, techno-economic feasibility, valuation studies and private equity placement activities for diverse hospitality related and integrated real estate projects. She has undertaken business plans for restaurants as well as been involved with operator search & management contract negotiations.

She has also done several market / industry sector studies, entry strategy & business plans for international entities and domestic clients across diverse verticals in India.

Mansi Khatiwala
Associate Director
B.Com, P.G.D.M (Marketing)

Mansi has over 20 years post qualification experience in consulting.

She has extensive experience in location evaluation, concept, market assessment and feasibility related activities for various types of hospitality projects including Senior Living, Convention & Exhibition Centres, Golf Resorts & Clubs, Mixed Use Developments, Family Entertainment Centres, Hospitals, Education Institutes, Township Developments, Integrated Resorts with Gaming element, Tourism Destination & Infrastructure Development for various State Governments, etc.

Ridhi Kapoor Shanghavi
Associate Director
B.A (Economics & Statistics)., M.Sc. Finance

Ridhi is a Masters in Finance from Warwick Business School and a first-class Graduate from Mumbai University.

She has interned with the firm in the past and has now been with the firm for over sixteen years as a full-time consultant specializing in operator searches, management and franchise contract negotiations, drafting of contracts and associated documentation. She also has a strong background in transaction advisory with a focus on leases of hospitality assets.

Gavin Albuquerque
Junior Consultant
B.M.S, MSC (Finance & Investments)

Gavin joined the firm in May 2023 and has since contributed to market assessments and feasibility studies and financial modelling for hospitality and real estate related projects.

He holds a Bachelor's degree in Management Studies with a specialization in Finance from St. Andrew's College, Mumbai, and a Master's degree in Finance and Investment from the University of Exeter, UK.

Swapnali Patil
Executive Assistant
B.Com.

Swapnali is a first class graduate in Commerce from Mumbai University.

She has 20 years of experience in office management, secretarial support, administration in Finance & Hospitality industries.