Our Team


our team Equations’ team is a rich blend of management consultants, advisors, and domain experts with a strategic gearing, tactical expertise, and multi-disciplinary experience. Our team members have a deep understanding of Indian business terrain, consumer cultures, and diversity of the marketplace. We are driven by the passion to enhance competitiveness and performance of client companies on a global platform.

Leadership Team


Mita Dixit Dr. Mita Dixit is the Co-founder of Equations Advisors Pvt. Ltd., and specializes in guiding family-owned businesses of single and multiple generations.

Mita is a family business advisor, researcher, and educator with 24 years of experience in management consulting, strategic marketing, and organizational development. She helps owner-families to create a unified vision, align roles, and goals, plan succession, prepare for generational transition, and create a culture of good governance.

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Dr. Mita Dixit
Co-founder and Family Business Advisor

Lalit Mahajan At Equations as senior advisor, Lalit guides clients on corporate planning, market growth strategies and building marketing capabilities. .

A post graduate from Indian Institute of Management, Calcutta, with Science background, Lalit has over four decades of experience in the corporate world and in management consulting. He guides client companies to plan, formulate, and execute innovative strategies leading to growth and building capabilities.
Lalit Mahajan
Senior Advisor – Business Growth

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Lalit Mahajan Ashok Barat is a Chartered Accountant and Company Secretary. He retired in 2016 as the Managing Director and Chief Executive Officer of Forbes & Company Limited.

Ashok has held responsible and leadership positions in various Indian and multinational organizations, both in India and overseas. In responsible executive positions, he has worked with Hindustan Level Limited (now HUL), RPG Group, Pepsi, Electrolux, Telstra and Heinz (now Kraft Heinz).
Mr Ashok Barat
Advisor – Strategy & Governance

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Saumya Dixit Saumya is the Senior Consultant with about twenty years of experience in the financial services sector, Indian stock exchanges and management consulting.

At Equations, she is in charge of conducting business and internal process audit for the client’s organization. Having a deep understanding of process automation and controls in organizations (was CISA accredited), she develops user-friendly systems and processes for core business functions such as sales, CRM, HR, purchase, projects, and accounts.

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Saumya Dixit
Senior Consultant
At Equations as senior advisor, Lalit guides clients on corporate planning, market growth strategies and building marketing capabilities.

A post graduate from Indian Institute of Management, Calcutta, with Science background, Lalit has over four decades of experience in the corporate world and in management consulting. He guides client companies to plan, formulate, and execute innovative strategies leading to growth and building capabilities.

Lalit has a proven record of creating differentials in business growth strategies of entrepreneurial firms and SMEs. An avid traveller, he has a profound knowledge of India’s culture, urban and rural markets, distribution channels, and consumer mindsets. His experience spans across engineering, manufacturing, real estate, FMCG, consumer durables, and healthcare industries. He advises international companies on developing their India entry strategy.

In his corporate stint , Lalit worked as the head of business strategies and marketing operations with prominent business houses such as the Piramal Group, Garware group, and Ajanta Pharma. He also turned around a mid-sized engineering company as the CEO.


Ashok Barat is a Chartered Accountant and Company Secretary. He retired in 2016 as the Managing Director and Chief Executive Officer of Forbes & Company Limited. Ashok has held responsible and leadership positions in various Indian and multinational organizations, both in India and overseas. In responsible executive positions, he has worked with Hindustan Level Limited (now HUL), RPG Group, Pepsi, Electrolux, Telstra and Heinz (now Kraft Heinz). His major areas of influence and impact have been finance, M&A, strategy, management assurance and governance. He has worked in different roles, operational, staff and oversight, as a CFO, CEO, Managing Director and Country Manager. His leadership skills and attention to details combined with sensitivity to multinational and legislated environments has played a key role in transforming the organizations into successful and responsible businesses.

Mr Barat is on the Board of various companies, including DCB Bank, Cholamandalam Investment & Finance, Mahindra Intertrade, Bata, Wacker and Birlasoft. He mentors budding entrepreneurs and advises corporates and family-controlled companies on ‘Strategy’, ‘Performance Improvement’ and Governance initiatives. He is a Past President of the Bombay Chamber of Commerce and Industry, and is presently a Member of the Managing Committee of ASSOCHAM, and Vice President of the Council of EU Chambers in India.

Ashok graduated in Commerce from the Allahabad University in 1975 with the Chancellor’s Gold Medal and was the First Rank holder. He was a Rank Holder and won the prestigious A F Ferguson and R Venkatesan Awards of the Institute of Chartered Accountants of India (1978). Ashok is a regular speaker in educational and management institutes and various public forums. He is a Certified Mediator empaneled with the Ministry of Corporate Affairs, Government of India.


Dr. Mita Dixit is the Co-founder of Equations Advisors Pvt. Ltd., and specializes in guiding family-owned businesses of single and multiple generations.

Mita is a family business advisor, researcher, and educator with 24 years of experience in management consulting, strategic marketing, and organizational development. She helps owner-families to create a unified vision, align roles, and goals, plan succession, prepare for generational transition, and create a culture of good governance.

She facilitates owner-families to develop and implement Family constitutions, policies, and Code of Conduct. She is passionate about mentoring next-gen scions to become future leaders.

Having worked in her family’s business, Mita has an insider’s perspective on family and business dynamics. She has worked with large corporates in marketing and brand management and has also worked in management education field. As the Head-research & consultancy at the center for family managed business, SPJIMR, she conducted Executive Education workshops for family business owners and women directors.

At Equations, she has guided over 60 family businesses and entrepernurial ventures for growth, organizational development, and people performance. She conducts capability and skills development workshops for owner-families and nextgen members.

Mita is a certified management consultant (CMC), a corporate director, and a psychometric assessor. A Chemical Engineer and Masters in Marketing Management, she is the first Indian to do a doctoral research in “Conflict and Splits in Indian family businesses” from BITS Pilani. She is a visiting faculty for family business programmes at renowned management institutes.

Mita speaks at family business seminars and conferences. She writes case studies on family businesses which are taught in the universities abroad. She is a member of Family enterprise research consortium. Her research papers and articles are published in international journals and business magazines. Media often takes her views on contemporary topics on family business.
Saumya is the Senior Consultant with about twenty years of experience in the financial services sector, Indian stock exchanges and management consulting.

At Equations, she is in charge of conducting business and internal process audit for the client’s organization. Having a deep understanding of process automation and controls in organizations (was CISA accredited), she develops user-friendly systems and processes for core business functions such as sales, CRM, HR, purchase, projects, and accounts. She is highly experienced in integrating systems and processes to create a smooth flow of information and decision within the departments and across the organization.

Saumya is MBA-Finance and M.Com from Mumbai University and is pursuing her MA (Psychology). She is a certified NLP practitioner and an Emotional Intelligence (EI) Assessor. As a psychometric assessor, she conducts specialized personality and behavioural assessments for owner-families and their managerial teams. She counsels individuals to bring out their hidden strengths and enhance interpersonal skills.

The Winning Edge


  • Enablers of growth, productivity, prosperity
  • Solution providers for business complexities
  • Thought leaders on next-gen entrepreneurship
  • Strategists with innovative perspectives

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