Mercer acquires Indian cloud solutions and talent assessment firm Mettl

10 October 2018

Global wealth and talent management consultancy Mercer has entered the rapidly growing talent assessment market in India through the acquisition of cloud-based tech and talent management firm Mettl, based out of Gurgaon. Mettl also has a presence in the US and German markets.

Founded in 2009 in the National Capital Region (NCR) of India, Mettl is a specialised consulting firm that offers services in a broad range of domains. The firm lays specific emphasis on its evaluative capabilities, conducting investment in the areas of recruitment, training and development.

The firm also has a firm grounding in the IT sphere, delving into the world of cloud-based solutions, certification management software, hackathons and a number of other software as a service (SaaS) applications. In addition to its presence in Gurgaon, Mettl has offices in California and Stuttgart.

Mettl has now been acquired by global health and wealth management consultancy Mercer – a firm that is hoping to substantiate its talent management practice with capabilities in talent assessment. Mercer will now be able to advise clients on their talent strategies based on in-depth evaluation and analysis.

Mercer acquires Indian cloud solutions and talent assessment firm Mettl

“Online talent assessment is a powerful tool that helps companies unlock the potential of their people. Mettl is a disruptive HR tech start-up that has pioneered a robust assessments platform,” said Anish Sarkar, who only recently took over from Pradeep Mukherjee as Chief Executive Officer of Mercer in India. 

Additional benefits that the acquisition of Mettl offers is the fact that it has multilingual assessment capabilities, allowing its SaaS solutions to be distributed across more than 80 countries. The firm has received a number of accolades iin the past, including the title of most innovative company in India, bestowed by London & Partners.

“The combination of Mercer’s pedigree and talent industry experience in India and Mettl’s leading-edge and scalable proprietary technology platform, will enable companies in India to improve their workforce as they prepare for the future of work amidst rapid digitization,” added Sarkar.

Ketan Kapoor, CEO at Mettl added, “We are very proud of Mettl’s success to date and joining Mercer will enable us to fulfill our aspirations of being a world-leader in talent assessments. By leveraging Mercer’s global footprint and leadership position, we can sustainably scale our presence and reach, helping companies avoid the cost of sub-optimal hiring decisions amid ongoing digital disruption.“


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IMAP advises on acquisition deal between major Indian iron ore players

18 April 2019

After submitting a bid of approximately $65 billion, Essel Mining – owned by the Aditya Birla Group – has acquired iron ore development firm Pro Minerals. The latter was advised throughout the transaction by a team from global corporate finance advisory firm IMAP, led by Managing Director & CEO Ashutosh Maheshvari. 

Pro Minerals has been operational for just under a decade, having been established in 2010.The firm was a collaborative venture between Hari Machines and Jyotirmoyee International, and has since evolved into a giant of the metals and minerals sector in India, not least due to its plant in Odisha.

The plant in the Eastern state of India has an annual iron-ore benfication cum pelletization output of 1 million tonnes, and was established with collaborative input from Allmineral in Germany and Primetals Technology from Austria. Nevertheless, the firm found itself in financial trouble in recent years.

After months of insolvency pressure, the firm was put up for acquisition by its financer Bank of Baroda, which has now accepted a bid from Essel Mining complete with a capital infusion that would settle the firm’s existing finances. Advice on the deal came from global corporate finance consultancy IMAP.

IMAP advises on acquisition deal between major Indian iron ore players

IMAP is a partner-owned firm that specialises in the mergers & acquisitions (M&A) domain, and supports firms that fall into the medium-sized category. The firm advises on the buy side as well as the sell side, and supports clients in as many as 200 transactions on an annual basis.

The firm also works with larger multinational firms across a variety of sectors, and deal sizes vary from $20 million to $300 million. In keeping with global trends, the majority of deals that IMAP was involved in last year were in the technology domain, although the latest one falls in the materials, chemicals & mining domain.

Essel Mining & Industries – a subsidiary of the Aditya Birla Group – is one of the most prominent iron-ore mining corporations in India, and holds the position as the largest producer of noble ferro alloys in India. The acquisition of Pro Minerals was supported by Ashutosh Maheshvari and a team of IMAP professionals.

Director at the firm Paresh Raja was also amongst the experts who advised on the deal. The transaction results in a 100% acquisition of Pro Minerals’ business operations.