Commercial, corporate and M&A in India

Mansukhlal Hiralal & Company

Mansukhlal Hiralal & Company  is instructed by international and local clients to advise on issues related to due diligence, joint ventures and structuring. The group has a stronghold in the agriculture sector. Practice head Bhushan Shah has a particular focus on foreign direct investment matters and is further supported by joint venture specialist Shreya Dalal.

Practice head(s):

Bhushan Shah; Shreya Dalal


‘My relationship with Bhushan Shah and Mansukhlal Hiralal & Company has blossomed into a long-term partnership as a result of the exceptional level of service provided by the legal team. The team handled challenges with tact and strategy, and I have continued to channel my personal and corporate legal matters and any other litigation matters about the team. The team has an exceptional capacity to approach problems from an entirely novel angle. Further, it is worth mentioning that the firm keeps client confidentiality at the utmost priority and has used technology to ensure the same is acknowledged.

‘The entire team at MHCO has provided the best of services. However, working with Bhushan Shah and Shreya Dalal has been a privilege. Bhushan’s knowledge of law and resourcefulness is great learning for all. He has substantial adeptness in commercial procedures in India and globally and has regularly advised and represented our company on complex and noteworthy matters. His profound expertise and precise skills in comprehending legal issues ensure success for his clients. He demonstrates solid commercial awareness and can understand the client’s business and needs.’

‘The corporate, commercial & M&A practice at Mansukhlal Hiralal & Co. is truly remarkable, and my experience as a client has been extremely positive. What sets them apart is their method of handling matters; they possess a solid grasp of both legal intricacies and business dynamics. One of the most reassuring aspects for those considering their services is their exceptional strength and capabilities. The lawyers I collaborated with were well-versed in their field but also demonstrated a keen understanding of business operations. Furthermore, they bring innovation to the table and have integrated technology-driven approaches to offer enhanced solutions. Their unique blend of expertise, client-focused approach, and innovative methodologies distinguishes them within the legal landscape.’

‘During our interactions, I found it truly convenient to connect with the senior members of the team. Bhushan Shah and Shreya Dalal consistently exhibit strong leadership qualities. They excel at simplifying complex legal matters and presenting them in a way that aligns with our decision-making process. The junior team members have also left a positive impression. They demonstrate meticulous attention to detail, conduct thorough research, and take proactive steps to solve issues. Moreover, they weren’t solely focused on the legal aspect but also took an interest in grasping the essence of our business sector. This holistic approach provided a comprehensive understanding of the entire situation.’

‘Mansukhlal Hiralal & Co truly stands out as a multi-service law firm. Their team of specialized attorneys delivers personalized solutions. Emphasizing diversity and utilizing technology, dedicated to excellence in legal services and community engagement. An outstanding choice for all your legal needs.’

‘The individuals at Mansukhlal Hiralal & Co stand out for their exceptional expertise, dedication to clients, and innovative approach. Their extensive legal knowledge and practical experience sets them apart from competitors. Notably, their client-focused approach ensures tailored solutions that align with clients’ goals, making them a preferred choice. Especially Bhushan Shah and Shreya Dalal exhibit outstanding results for clients. The emphasis on diversity and commitment to community engagement further distinguishes them from other law firms. Overall, their qualities and unique strengths make Mansukhlal Hiralal & Co’s team one of the most outstanding in the legal landscape.’

‘Mansukhlal Hiralal and Co. is a standout legal practice known for its unique strengths and innovative approach. With a team of highly experienced lawyers well-versed in various legal areas, the firm offers unparalleled expertise and a comprehensive range of services. What sets the practice apart is its unwavering commitment to a client-centred approach, providing personalized strategies tailored to meet the specific needs and goals of the client. Embracing advanced technology, the firm ensures efficient legal processes and timely responses to client inquiries. Furthermore, its collaborative culture fosters a dynamic environment for creative problem-solving, enabling the team to tackle complex legal challenges effectively.’

‘Bhushan Shah and Shreya Dalal are standout individuals at the firm, excelling in corporate law, respectively. They embody ethical conduct, adaptability, and resilience, making them highly valued by colleagues and clients. Their contributions have given our firm a competitive edge and fostered a culture of excellence.’

Key clients

Riverrecycle Oy, Finland

Deluxe Recycling India Private Limited

IG International Private Limited

IG Berries Private Limited

Riverrecycyle India Private Limited

IG Fresh Produce Private Limited

Cipla Limited

Pride Hotel Limited

Chemic Engineers Private Limited

Chemic Engineers & Constructors Inc

IG Fruits Private Limited

Work highlights

  • Advised Circle E Retail Private Limited on an investment by Reliance Brands Limited.
  • Advised IG Berries Private Limited on an investment by Hortifrut SA, Chile.
  • Assisted IG International Limited with the drafting of the term sheet and the joint venture cum shareholders agreement.

Stratage Law

Experienced in serving clients from the agrochemical, healthcare, defence, real estate and financial service sectors, Stratage Law advises on large-scale acquisitions. The team also handles the full range of corporate work, assisting with foreign investments, joint ventures and structuring issues. Managing Partner Darshan Upadhyay specialises in structuring cross-border commercial transactions and is regularly assisted by founding partners Bhavin Gada and Shyam Pandya on these deals.

Practice head(s):

Darshan Upadhyay

Other key lawyers:

Bhavin Gada; Shyam Pandya

Key clients

Safex Chemicals India Ltd

Samara India Advisors Private Limited

Mayfield Fund

Jabsons Food Private Limited

Welspun Group

Marengo Asia Healthcare Private Limited

Motilal Oswal

Nuvama Group

Bharat Insecticides Limited

Impresario Entertainment And Hospitality Private Limited

Xponentia Capital Partners LLP

Bloombay Enterprises LLP

Kan Biosys Pvt Ltd

Insight Cosmetics

HBL Power Systems Limited

Work highlights

  • Advised Safex Chemicals (India) Limited on 100% acquisition of the issued share capital of Briar Chemicals Limited.
  • Advised Marengo Asia Healthcare Private Limited on the acquisition of 100% shareholding of North East Health Care Private Limited.
  • Advised India Medical Consumables Holdings Ltd and other shareholders Mehernosh Daruwalla/Coomi Daruwalla on an equity capital acquisition transaction.

Acuity Law

The corporate team at Acuity Law advises clients on issues including structuring, due diligence and acquisitions. Capable of serving numerous sectors, the group is particularly active in infrastructure, pharmaceuticals, information technology, healthcare and agriculture industries. Souvik Ganguly heads the practice and regularly assists clients on a variety of transactions.

Practice head(s):

Souvik Ganguly

Key clients

Sreyas Holistic Remedies Private Limited

Venktesh Investment and Trading Company Private Limited

NABVENTURES Limited – wholly owned subsidiary of NABARD

Rebright Partners III Investment Partnership

Avaana Capital Growth Fund I

Work highlights

  • Advised Sreyas Holistic Remedies Private Limited on an investment of $65m by Kedaara Capital Growth Fund III LLP.
  • Advised Venktesh Investment and Trading Company Private Limited on its investment in Arcatron Mobility Private Limited in the series B funding round of $1.5m.
  • Advised Rebright Partners III Investment Partnership, Avaana Capital Growth Fund I, and NABVENTURES Fund I on the series B funding round of Nupa Technologies Private Limited operating under the brand of ‘Eggoz’.

Bombay Law Chambers

Bombay Law Chambers’ corporate practice has extensive experience in corporate structuring, tax structuring, acquisition transactions and commercial agreements. The team has specialist expertise in key sectors such as education, pharmaceuticals, food and beverages and logistics. Founder Karan Kalra leads the practice from Mumbai along with co-founders Dipanshu Singhal and Abhinav Harlalka, whereas partner Parag Srivastava is based out of Bengaluru.

Practice head(s):

Karan Kalra; Dipanshu Singhal; Abhinav Harlalka; Parag Srivastava


‘In my opinion, the team is very practical in its approach, which makes them very comfortable to work with. In addition to this, keeping clients’ interests at the forefront is what I like about the team.’

‘Most of the time, I have interacted with Parag Srivastava, Partner. He is always approachable and very pragmatic in his approach. He treats his subordinates with utmost respect and allows them to own their respective work.’

Key clients

Fusion Cosmeceutics Private Limited

Bigfoot Retail Solutions Private Limited

Leadership Boulevard Private Limited

Birla Corporation Limited

ValueQuest Investment Advisors

Work highlights

  • Advised Bigfoot Retail Solutions Private Limited on acquisition of Pickrr Technologies Private Limited, valuing ₹160bn.
  • Advised Bigfoot Retail Solutions Private Limited (Shiprocket) in Acquisition of Omuni division of Arvind Limited, valuing ₹200cr.

Manilal Kher Ambalal & Co Advocates, Solicitors and Notary

Manilal Kher Ambalal & Co Advocates, Solicitors and Notary focuses on the finance, corporate law and restructuring areas and frequently handles high-value private M&A transactions for domestic clients before the tribunals. Rashid Boatwalla, Lipsa Unadkat, Sunil Tilokchandani and Priya Diwadkar play key roles in litigation matters before multiple litigation forums on behalf of the clients, mainly from financial services, construction and real estate sectors.

Practice head(s):

Sunil Tilokchandani; Rashid Boatwalla; Lipsa Unadkat; Priya Diwadkar

Other key lawyers:

Vikram Trivedi

Key clients

L&T Hydrocarbon Engineering Limited and Larsen & Toubro Limited

L&T Technology Services Limited

L&T Seawoods Limited

L&T Realty Developers Limited

L&T Power Development Limited

Larsen & Toubro Limited

IL Palazzo Co-operative Housing Society Limited

Aurionpro Solutions Limited

Naik Naik & Company

Naik Naik & Company frequently handles corporate matters for clients in sectors such as information technology, media and entertainment, financial services and real estate. It focuses on challenging corporate transactions and advisory work, including joint ventures, foreign investment transactions, acquisitions and private mergers. Abhishek Kale is the standout practitioner.

Practice head(s):

Ameet Naik; Abhishek Kale; Madhu Gadodia


‘The practice combines a strong base of basic corporate provisions, including all ancillary and associated laws such as those impacting capital markets, competition, and exchange control, with an even stronger team capable of attending to compliance and dispute-related litigation. They have an in-depth understanding of courts and their approach.’

‘Ameet Naik and Abhishek Kale are both outstanding professionals who have an inherent and comprehensive understanding of the law, the personalities, namely, the lawyers and the Judges, as also client psychology and needs.’

‘Naik and Naik is the most equipped law firm in Mumbai, providing end-to-end service and general corporate and litigation advisory services. Their team is generally reachable – that too at the leadership level – Ameet Naik himself – is 24/7 – and can be taken for granted. Their ground-level experience and knowledge of the entire legal ecosystem is unique and a one-stop resource for all your needs. They also hand-hold their clients across the entire life cycle of the engagement. Needless to add, their subject matter expertise across all practice areas is also the best in the industry.’

Key clients

Specialist Computer Centres PLC

Believe International

FlexTrade India Private Limited

Collective Artists Network India Private Limited

Work highlights

  • Advised Collective Artists Network India Private Limited on the investment from a Singapore based technology unicorn.
  • Advised Believe International on acquisition of majority stake in Think Music, a South India based music and films distribution company.
  • Advised FlexTrade India Private Limited on transfer of its business undertaking housed in its Indian subsidiary to a Singapore based listed entity.

Pioneer Legal

Assisting clients with due diligence, structuring and restructuring commercial transactions, the corporate and M&A team at Pioneer Legal is led by managing partner Satish Kishanchandani. Anupam Shukla is experienced in acquisitions matters, while Shoubhik Dasgupta has a particular focus on structuring transactions in the media, healthcare and sports sectors.

Practice head(s):

Satish Kishanchandani

Other key lawyers:

Anupam Shukla; Shoubhik Dasgupta


‘Pioneer Legal drives the deal forward by presenting practical and logical solutions to legal problems and issues.’

Key clients

Alcon Electronics Private Limited

Dentsu Group

IVF Hospital Private Limited

International Data Group Inc

Jaynix Engineering Private Limited

Linux Laboratories Private Limited

Tata Capital Healthcare Fund II

TM Ventures Private Limited

VLCC Health Care Limited and its founders Mr. Mukesh Luthra and Mrs. Vandana Luthra and other shareholders

Satyen Polymers Private Limited and its Shareholders

Spaceway Wellness Private Limited

Work highlights

  • Advised Alcon Electronics Private Limited on the transaction wherein Exxelia SAS provided an exit to the promoters of Alcon by acquiring the majority stake in Alcon from the selling shareholders.
  • Advised IVF Hospital Private Limited, its promoters and Spaceway Wellness Private Limited on Spaceway’s acquisition of equity shares from 2 of Indira IVF’s existing shareholders.
  • Advised Dentsu Group on its acquisition of a majority stake in ExtentiaInformation Technology Private Limited.

Wadia Ghandy & Co

Wadia Ghandy & Co‘s corporate practice is known for its skill in handling commercial laws, M&A and joint venture arrangements. Practice head Ashish Ahuja regularly advises its clients on all aspects of corporate and technology laws. Rohini Verma has a particular focus on private equity investments, while Fariyal Tahseen has notable experience in foreign direct investments.

Practice head(s):

Ashish Ahuja


‘Very high quality and patience team, ready to work at any time, delivers what they commit. Sound knowledgeable and good reach within the industry.’

‘Superb knowledge in the field and have answers to all queries and always finds a way to quicken the process and very transparent.’

Key clients

HDFC Bank Limited

Arpwood Partners Fund I LLP

K Raheja Corp Private Limited

Motilal Oswal Private Equity

Medvantage Insurance TPA Private Limited

Northern Arc Capital Limited

HDFC Life Insurance Company Limited

Arvind SmartSpaces Limited

Savita Oils Technologies Limited

Meghmani Finechem Limited

Equitas Holdings Limited and Equitas

Technologies Private Limited

De Lage Landen Financial Services India

Private Limited

Work highlights

BTG Advaya

A boutique law firm, BTG Advaya handles a broad range of corporate and commercial matters. Practice head Ramesh Vaidyanathan focuses on share acquisition and businesses, structuring and restructuring of companies and commercial documentation. Mansi Singh is recommended for regional and international M&A and private investment transactions.

Practice head(s):

Ramesh Vaidyanathan; Mansi Singh; Laxmi Joshi

Key clients

M&G Global Services Private Limited

Dalberg Development Advisors Private Limited

Resolve Tech Solutions LLC

Nutreco Investments B.V

Work highlights

  • Represented producers of aquatic feeds in its acquisition of an animal technology company.
  • Represented a Maltese gaming technology company in its indirect acquisition of an Indian information technology company.
  • Represented a US-based technology services company in its indirect acquisition of an Indian information technology company.

Agama Law Associates

The corporate and M&A team at Agama Law Associates offers advice to clients across a broad range of corporate and commercial matters. The team’s experience spreads across a broad range of sectors, including agriculture, consumer goods, media, logistics and education. The founder, Archana Balasubramanian, carries vast expertise in handling acquisition, structuring and executing transactions.

Practice head(s):

Archana Balasubramanian

Key clients

Tarento Technologies Private Limited

Softlink Global

Lakme Lever Private Limited

Everest International Holdings

VantageCEO Advisory Private Limited

Desynova Digital Private Limited

JUSTO Realfintech Pvt. Ltd.

Krishnabandhan Infrastructure Private Limited

Gati KWE Private Limited

NuMantra Technologies Pvt. Ltd

Spliceforms Enterprise Solutions Private Limited

Neelkanth Realtors Private Limited

Wellspring Healthcare Private Limited

Zeus Systems Private Limited


Work highlights

  • Assisted a Dubai-based logistics entity with 14 business verticals and 25 projects across India.
  • Assisted Large Listed Company with the negotiation and finalising of the documentation.
  • Represented the media company and its promoters on a 100% acquisition by a large media operations entity under the umbrella of Apollo investing group.

Royzz & Co. Attorneys at Law

Royzz & Co. Attorneys at Law acts for clients on joint ventures, acquisitions and other corporate activities. The team leverages mandates from the technology, extrusion machineries, banking and pharma sectors. Managing Partner Mahua Roy Chowdhury heads the practice with over 25 years’ experience.

Practice head(s):

Mahua Roy Chowdhury; Rakesh Parik; Dhanashree Chowdhury

Key clients

Windsor Machines Ltd


Deloitte Touche Tohmatsu India LLP

Reveal Laser Ltd

Jain Irrigation Systems Ltd

Rochem Separation Systems

Tata Communications (America) Inc

Chiquita LLC

Star TV

Concord enviro

Roserve Enviro Pvt Ltd

Protecton Engineering Namibia Pty Ltd

The Social Loan Company (TSLC)

Work highlights

  • Advised EXIM Bank on lending ₹24cr via securitization of IP.
  • Assisted Deloitte Touche Tohmatsu India LLP with an acquisition of a software company.

Universal Legal Advocates

Universal Legal Advocates handles M&A and investing in businesses and assets for international and domestic, public or private clients. Key client sectors include cyber security, healthcare, pharmaceuticals, hydroponic farming, consumer beverages and technology. Rashi Kapoor Mehta chairs the practice and is well-regarded for cross-border acquisitions, investments and general corporate restructuring.

Practice head(s):

Rashi Kapoor Mehta

Key clients

Tanas Capital Pte. Ltd.

Nutrifresh Farm Tech India Private Limited

Third Eye Distillery Holdings Private Limited

Wondrlab India Private Limited

CloudSEK Pte. Ltd.

Aksigen Hospital Care

Fine Organic Industries Limited

Rivaara Labs Private Limited

ASG Hospital Private Limited

Soho Hospitality Private Limited

Weave Growth Partners

Winjit Technologies Private Limited

Work highlights

  • Advised Tanas Capital Pte Ltd and Investcorp Private Equity Fund II on acquiring a significant minority stake in V-Ensure Pharma Technologies Private Limited.
  • Advised the shareholders of Smokescreen Technologies Pvt. Ltd., on its sale to NASDAQ listed, cyber security giant Zscaler Inc.
  • Advised Aksigen on the sale of 3 brand to Sun Pharmaceuticals.

Kanga & Company Advocates and Solicitors

Kanga & Company Advocates and Solicitors' corporate and M&A practice regularly assists both acquirers and sellers from various industries on international and national mergers and acquisition transactions. Preeti Mehta heads the practice and has over two decades of experience of handling private equity investments and corporate law matters.

Practice head(s):

Preeti Mehta

Key clients

Prom Biocides India Private Limited

Work highlights

  • Advised Prom Group on setting up of their business of manufacturing and distributing biocides in India.