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Rajat Dhawan

Senior Partner, Gurugram
Serves clients on enabling their holistic performance transformation and growth in the advanced industries (comprising automotive, electronics, aerospace and defence sectors), and across oil and gas, pharmaceuticals, and steel.

About Rajat

Rajat is the managing partner for McKinsey’s Advanced Industries Practice in the Asia-Pacific region. He serves clients holistically on strategy and performance transformation topics across a broad swathe of sectors such as automotive and assembly, electronics, steel, pharmaceuticals, oil and gas, apparel, and telecommunications.

Over the past 23 years with McKinsey, Rajat has worked in several geographies across Asia, Europe, and North America. Prior to 2017, he co-led our Operations Practice in the Asia-Pacific region.

Examples of Rajat’s client work include the following:

  • transforming the margin position of a large automotive OEM
  • shaping the growth strategy for a leading consumer-electronics multinational company
  • developing a long-term growth strategy and driving excellence for the dealership operations of a passenger-car OEM in India
  • pursuing an enterprise-wide EBITDA transformation of a leading agri-equipment company
  • developing a long-term growth strategy for an Indian automotive supplier, including selecting the businesses to retain and grow in its portfolio
  • spearheading growth initiatives for the solutions-and-services business of a global steel company by significantly transforming overall operations excellence and profitability
  • transforming the profitability of a leading generic pharma company
  • driving manufacturing process improvements across the formulations and active pharmaceutical-ingredient units for a leading generic pharmaceuticals company in India
  • deploying a lean production system across a network of 50 plants for a leading apparel exporter in India
  • creating a roadmap for reconfiguring the cost structure in the context of lower crude pricing for an upstream national oil company in India
  • executing a large capital project for an Indian oil and gas company in less time than estimated, while building a central-projects capability

Rajat contributes to knowledge creation and policy debate toward enabling India to grow its GDP, especially in its manufacturing sector, and has partnered with automotive industry associations such as ACMA and SIAM in helping catalyze industry growth. He has also helped shape the quality transformation journey for micro, small, and medium enterprises in the country—in collaboration with Quality Council of India—by shaping the “zero effect, zero defect” initiative.

Rajat is the cofounder of TIME India Awards, a collaboration between McKinsey and TIME to recognize excellence and innovation in Indian manufacturing. He is also a founder and sponsor of Ashoka University, based in Delhi.

Published work

The CEO agenda for companies in advanced industries,” McKinsey & Company, February 2021

A new growth formula for manufacturing in India,” McKinsey & Company, October 2020

Five priorities for corporate India in the next normal after COVID-19,” McKinsey & Company, June 2020

The future of Asia: Asian flows and networks are defining the next phase of globalization,” McKinsey Global Institute, September 2019

Mobility’s second great inflection point ,” McKinsey Quarterly, February 2019

How industrial companies can respond to disruptive forces,” McKinsey & Company, April 2018

When big data goes lean,” McKinsey Quarterly, February 2014 

Fulfilling the promise of India's manufacturing sector,” McKinsey & Company, March 2012


Indian Institute of Management

Indian Institute of Technology
BTech, chemical engineering