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Shardul Amarchand Mangaldas & Co

Work +91 11 4159 0700
Fax +91 11 2692 4900
Ahmedabad, Bangalore, Chennai, Gurugram, Kolkata, Mumbai and 1 more

Yaman Verma

Work + 91 11 4159 0700
Shardul Amarchand Mangaldas & Co

Work Department

Competition Law


Mr. Yaman Verma is a Principal Associate in the Firm's Competition Law Practice with approximately 9 years' experience in competition law matters. He has been practicing competition law since the Competition Act came into force in India and has been involved in a number of significant enforcement and merger control cases.

Yaman’s clients include Microsoft Corporation, Facebook Inc., Walmart, Inc., Praxair, Inc., Coal India Limited, E. I. du Pont de Nemours and Company, Vodafone India Limited, WhatsApp, Inc., Temasek, and GlaxoSmithKline.

Yaman is currently involved in a number of high profile cartel as well as abuse of dominance enforcement cases. He has successfully defended Microsoft against an allegation of unfair and discriminatory pricing, WhatsApp against allegations of abuse of dominance, and Flipkart against allegations of preferential treatment and discrimination. Recently, he was involved in successfully representing in an abuse of dominance case against Google, where the Competition Commission of India fined Google INR 136 crores. He was also involved in obtaining a reversal of the Commission’s order finding Coal India Limited in violation of the Competition Act, after which the Commission re-heard the matter and reduced the penalty imposed upon Coal India Limited. He was also involved in obtaining an unconditional stay from the National Company Law Appellate Tribunal on the Commission’s revised order for Coal India Limited. Further, he routinely advises clients in relation to their agreements and allegations of cartelisation and has successfully represented Coal India Limited in a cartel complaint against its explosives suppliers. He represented Globecast Asia Pte Ltd in their leniency application before the Commission, and was successful in obtaining a 100% reduction in penalty for Globecast and its officials. He also advises trade associations in relation to compliance with competition laws.

On the merger control side, Yaman has been involved in securing unconditional approval for Vodafone India’s merger with Idea Cellular Limited, India’s largest M&A transaction, as well as the acquisition of Nokia’s smartphone business by Microsoft, GSK’s acquisition of Novartis’ vaccines and over the counter drugs business and, more recently, Walmart’s Acquisition of a majority stake in Flipkart and Siemens’ acquisition of Alstom’s mobility business. He was also involved in securing an approval for the merger between the Dow Chemical Company and E. I. du Pont de Nemours and, the merger between Agrium Inc. and Potash Corporation of Saskatchewan, the acquisition by FMC Corporation of the agrochemicals business divested by DuPont as part of the conditions of its merger with Dow and the merger between Linde AG and Praxair, Inc..

Yaman has been recognised as a “future leader” in “Who's Who Legal: Competition Future Leaders” for  2017, 2018, and 2019,  was included in the Legal 500 list of “Next Generation Lawyers” for India for 2016, 2017 and 2018, and the Expert Guides’ list of Rising Stars for 2018. He regularly contributes to competition law publications and has co-authored India chapters for GCR, Getting the Deal Through, as well as for PLC. He has also co-authored an article on Indian antitrust law for a Kluwer Publication titled “Competition and Patent Law in the Pharmaceutical Sector: An International Perspective” and assisted in the editing of the sixth edition of SM Dugar’s Guide to Competition Law, both published in 2016. He also conducts an elective course on competition law at the National Law School of India University, Bangalore.


Yaman holds a B.A. LL.B. (Hons.) degree from the National Law School of India University, Bangalore. Before joining Shardul Amarchand Mangaldas, Yaman worked for a short time with the Competition Commission of India in February-March, 2010, and published a paper on leniency programs across the world.


English, Hindi


Bar Council of India, Bar Council of Delhi


B.A. LL.B (Hons.), National Law School of India University


Antitrust and competition

Within: Next generation lawyers

Yaman Verma - Shardul Amarchand Mangaldas & Co

Within: Antitrust and competition

The 'outstanding' competition law team at Shardul Amarchand Mangaldas & Co 'stands out', particularly for its 'sharp, crisp, well-thought-through, and super quick' advice. Shweta Shroff Chopra is key name to note for merger control matters and led a team assisting with the $23bn amalgamation of Vodafone with Idea Cellular Limited. Naval Chopra is highlighted for his 'expert knowledge and exceptionally good experience' and successfully defended WhatsApp before the CCI following allegations of abuse of dominant position. Harman Sandhu remains a key name to note for this area and Yaman Verma is also recommended. Mumbai-based Gauri Chhabra – who attracts praise for being 'super prompt' – was recently promoted to the partnership. All lawyers named are based in New Delhi, unless specified.

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