Firms To Watch: Commercial, corporate and M&A

Established in November 2022, Rise Legal’s corporate practice is led by founding partner Ritika Ganju, who has experience advising on M&A, commercial transactions, regulatory and general corporate advisory matters. The team is noted for its expertise across the pharmaceutical, healthcare and automotive sectors.  

Commercial, corporate and M&A in India

AKS Partners

AKS Partners boasts a diverse client roster and advises on a broad range of mandates, including the formation of companies, foreign direct investments, joint ventures, asset acquisitions and shareholders agreements. The team is also well-versed in supporting foreign companies seeking to establish a presence in India. Sonal Kumar Singh jointly leads the team alongside Payal Dayal, who joined from Khaitan & Khaitan in May 2023, the same month in which Anish Jaipuriar departed to Burgeon Law. Singh handles international arbitration and commercial cases, while Dayal advises on cross-border joint ventures and M&A.

Practice head(s):

Sonal Kumar Singh; Payal Dayal


‘What makes AKS Partners unique is the availability and practicality of the team.’

‘The team at AKS will go above and beyond to make sure that a client’s needs are met and that a practical solution is found for complex issues.’

‘Very knowledgeable and well-organised.’

Key clients

Adidas Group

Swartan Universal Private Limited

Bihar Cricket Association

Barco NV


ByteLearn Inc


Work highlights

  • Advised BARCO NV on the business of manufacturing digital projects and similar tech.
  • Advising the proposed reverse merger of Adidas India Private Limited into Adidas India Marketing Private Limited pursuant to a Scheme of Amalgamation as the applicable laws of India.
  • Advising Swaratan Universal Private Limited on the acquisition of the underlying patents and other intellectual properties.

Sagus Legal

With demonstrable experience across the manufacturing, pharmaceutical, energy, infrastructure, power and automotive sectors, Sagus Legal handles a range of matters concerning private equity and venture capital investments, as well as foreign exchange and securities law-related advisory mandates. Founding and managing partner Shruti Kanodia leads the team and advises on M&A, private equity and banking and finance matters. The team welcomed Neha Sinha from Luthra and Luthra Law Offices India in February 2023.

Practice head(s):

Shruti Kanodia

Other key lawyers:

Neha Sinha

Key clients

Jindal United Steel Limited

AGT Infrastructure Private Limited

Sunetra Eye Centre Private Limited

Lenskart Solutions Private Limited

Spark Minda Green Mobility Systems Private Limited

Jindal Stainless Limited

Jindal Stainless (Hisar) Limited

Jubilant Pharmova Limited

The Tata Power Company Limited

Jubilant Motorworks Private Limited

Cleartax (Defmacro Software Private Limited)

Minda Corporation Limited

TP Central Odisha Distribution Limited

Jubilant Ingrevia Limited

Jubilant Consumer Private Limited

Jindal Stainless Steelway Limited

Andritz Hydro Private Limited

Work highlights

  • Advising on the merger of Jindal Stainless (Hisar) Limited and four other group companies into Jindal Stainless Limited worth USD 2.8 billion.
  • Assisted Lenskart in acquiring a stake in a technology Company (Quantduo Technologies Private Limited) by way of private placement of convertible preference shares in a pre-series A investment valued INR 160 million.
  • Advised Jubilant Motorworks Pvt. Ltd. in acquiring the entire business undertaking dealing with auto shops, repairs shops, Cars Collective dealerships, etc in Maharashtra and Goa, from its wholly owned subsidiary, Jubilant Sports Cars Private Limited.

AP & Partners

The New Delhi-based corporate team at AP & Partners advises on M&A involving domestic technology companies, in addition to general corporate transactions in contentious situations. Anand Prasad is a key name to note for investment structuring, M&A, private equity transactions and cross-border and domestic financing, while Moksha Bhat counts domestic and foreign companies, venture capital and private equity funds among his key roster of clients. Prasad and Bhat jointly lead the team alongside Arjun Sinha, who is noted for his expertise in the technology and media sectors, and Harshit Anand.

Practice head(s):

Anand Prasad; Moksha Bhat; Arjun Sinha; Harshit Anand

Key clients

Koninklijke DSM N.V.

IPL Tech Electric Private Limited

Amishi Consumer Technologies Private Limited (Momsco)

Info Edge India Limited

Sunrise Mentors Private Limited (Coding Ninjas)

Founders of Narang Eye Institute

Founders of Children’s First Mental Health Institute Private Limited

Ather Energy

Ultragenic Research and Technology Pvt Ltd

Coldbrew Tech Private Limited

Shop Circle

Nayan Science and Technology Private Limited

HealthAssure Private Limited

Teacher Tools Private Limited

Devtron Inc

Work highlights

  • Acted for DSM on its proposed merger with Firmenich for USD 21 billion to form DSM-Firmenich.
  • Acted for the founders of IPLTech Electric Private Limited on a staggered acquisition of approx. 65.2% shareholding of the company by TI Clean Mobility Private Limited, part of the Tubes India industrial conglomerate for an amount of USD 30 million.
  • Advised Sunrise Mentors Private Limited (Coding Ninjas) on the sale of 100% share capital to Info Edge by way of a staggered acquisition.

Hammurabi & Solomon Partners

Hammurabi & Solomon Partners advises on the full range of public and private M&A, in addition to joint ventures and private equity transactions. Clients include private equity funds, boards of directors and financial advisers. Founding partner Manoj Kumar leads the the New Delhi-based practice, with notable expertise in foreign direct investments, cross-border transactions, negotiations and restructurings. Kumar is ably supported by Shweta Bharti, who handles contentious issues arising out of corporate and commercial matters.

Practice head(s):

Manoj Kumar


Other key lawyers:

Shweta Bharti

Key clients


Work highlights

  • Advising FCIL on joint venture agreements, concession agreements, lease agreements and financial documents.

Krida Legal

Boutique firm Krida Legal stands out for its expertise in the sports, technology and media sectors. Leading the practice is New Delhi-based Vidushpat Singhania, who advises on matters concerning betting and gambling regulations, FEMA, league creation and rights structuring. The team is ably supported by Kushagra Jain, who focuses sports law and sports management, handling matters for gaming companies, high-profile athletes, sports federations, associations and agencies.

Practice head(s):

Vidushpat Singhani

Other key lawyers:

Pooja Lal; Kushagra Jain

Key clients

Amrita Raichand, Actress and Celebrity Chef

All India Gaming Federation

AMPM Fashions Private Limited

Baazi Networks Private Limited

Dusane Infotech Private Limited

E-Sports Federation of India

Golden Gaming International Private Limited

Grid Logic Games Private Limited

Elite Pro Basketball

Extramarks Education Private Limited

HND Poker Private Limited

International Federation of Poker

Lakshyan Academy, Bengaluru; INDIA

Manika Batra, Table Tennis Player for India

MR Poovamma, Indian Olympic Sprinter

Olympic Gold Quest

Sachar Gaming Private Limited

SBN Gaming Network Private Limited


Sportz & Live Entertainment Private Limited

Sugal and Damani Utility Services Private Limited

Skilrock Technologies Private Limited

The IPG Group, Dubai; UAE

Uttar Pradesh State Rifle Association

Vijay Singh, Indian Superbike Champion

Vinesh Phogat, Indian Wrestler

M.R. Poovamma, Indian Olympic Sprinter

Work highlights

  • Assisted MOGO with several agreements such as employment, consultant and venue hire and leave and license agreements; as well as resolving various queries pertaining to the interactive MOGO website.
  • Assisted Baazi Networks in their negotiations and in vetting and reviewing the agreements entered into by them with Twid Payment Network.
  • Providing strategic litigation advice to All Indi Gaming Federation, in briefing Senior Counsel Mr. Aryama Sundaram and the review of representations and pleadings on behalf of the AIGF before the Hon’ble High Court of Karnataka.

Sarthak Advocates & Solicitors

Sarthak Advocates & Solicitors handles a broad range of matters, including asset acquisitions, stock purchases and mergers of equals, with demonstrable experience in the technology, healthcare, energy and manufacturing sectors. The New Delhi-based team is led by Abhishek Nath Tripathi, who advises on high-value corporate transactions in the energy, infrastructure, power, education, real estate and financial services industries. Senior associate Avantika Shukla is a core team member for corporate/commercial matters whilst Anubhav Tiwari, Apoorva Chandra and Ishmita Walia are also notable.

Practice head(s):

Abhishek Nath Tripath

Other key lawyers:

Avantika Shukla; Anubhav Tiwari; Apoorva Chandra; Ishmita Walia

Key clients

PopcornApps Inc



Airworks India Private Limited

Reading Pup

Wastelink, led by Matterhorn Projects LLP

Work highlights

  • Assisted the India Center Foundation with the transfer of its entire shareholding in its subsidiary company incorporated under the laws of Mauritius, in favour of India Center for the purpose of development and monetisation of endowed property.
  • Assisted SunSource with legal due diligence on a target entity, reviewed and negotiated the transaction documents and provided transaction-related advisory to the client.
  • Advising Airworks India Private Limited in its acquisition by AdaniGroup.

Burgeon Law

Burgeon Law’s corporate and commercial practice fields a robust team of practitioners who advise on a range of M&A transactions, corporate finance, and securities law matters. The firm is also particularly active in reviewing and negotiating contracts and agreements, with firm founder Roma Priya jointly leading the team alongside recently promoted partner Abhisshek Singlla, who focuses on private equity and venture capital. Other core team members include newly promoted associate partner and M&A expert Ankit Bhasin and corporate and commercial transactions specialist Anish Jaipuriar who joined the practice from AKS Partners in May 2023.

Practice head(s):

Roma Priya; Abhishek Singlla; Ankit Bhasin

Other key lawyers:

Anish Jaipuriar

Key clients

Traceost Pvt. Ltd.

Aves Shopping Network Private Limited

Mensa Brands

ComfortGrid Technologies Private Limited

Siply Services Private Limited

North East Health Care Private Limited

Organic Biosystems LLP

Piquant Foodlabs Private Limited

Harbourfront India LLP

Work highlights

  • Advised ComfortGrid Technologies Private Limited in relation to the fund raise, including negotiation and finalisation of the transaction documents, co-ordination with the compliance team and legal teams of the investors.
  • Assisted Piquant Foodlabs Private Limited in its 100% acquisition by Big Spoon Restaurants.
  • Advised North East Health Care Private Limited, a Gurugram-based hospital. The acquisition of W Pratiksha Hospital was made by Marengo Healthcare Private Limited (a joint venture between Samara Capital, Havells Family Office and Godrej Family Office).

Fox & Mandal

Fox & Mandal

Goswami & Nigam LLP

Boutique firm Goswami & Nigam LLP advises clients on a range of corporate and commercial matters, including regulatory advice and compliance, litigation and arbitration proceedings. Head of the commercial litigation and employment law team Nishant Nigam jointly heads the corporate and commercial practice with seasoned attorney Himanshu Goswami, regularly representing clients on the full spectrum of both commercial and labour law-related matters.

Practice head(s):

Himanshu Goswami; Nishant Nigam

Key clients

Bloom Energy Corporation

SemiCab Inc.

Aurora Retail Pvt Ltd.

Purezza Kids Pvt Ltd.

Konsultera Solutions Pvt Ltd.

KClassy Pvt Ltd.


PeerConnect Knowledge Services LLP

Earth Paws Pvt Ltd.

Geeks At Works Pvt Ltd.

Comviva Pvt Ltd.

Cilio Technologies LLC

TechPerspect Software Pvt Ltd.

Provana, LLC

Work highlights

  • Assisted Bloom Energy Corporation, a renewable energy company that offers on-site electric power solutions, in drafting, reviewing, and negotiating a wide array of commercial contracts, including revenue agreements, professional agreements, logistic agreements and non-disclosure agreements.
  • Advised SemiCab Inc., a technology service provider, in its day to day business operations. The firm advised and finalised a diverse range of agreements including shipper and carrier agreements, revenue agreements, transfer pricing agreements, NDA’s and commercial agreements with other businesses.
  • Advised Aurora Retail Pvt Ltd. in drafting and reviewing various manufacturing and distributor agreements, while also providing general corporate advisory services vital to the day-to-day operations of the client’s business, including ensuring compliance with statutory requirements and effective risk management.

Gravitas Legal

Gravitas Legal’s corporate and commercial team notably advises clients on drafting and negotiating contracts and agreements, while also providing legal advisory services to a number of Indian and international corporations on a range of corporate transactions, including M&A and outsourcing. The team is led by founding partner Varij Sharma, whose practice spans inter-corporate borrowings and corporate compliance-related matters.

Practice head(s):

Varij Sharma

Key clients

Restaurant Brands Asia Limited

Eversub India Private Limited

Biltech Building Elements Limited

Sadipali Solar Private Limited

Brivan Consultants Private Limited

Urvara Krsi Private Limited

Pavni MP Solar Private Limited

Avantha Technologies Limited

Manash Lifestyle Private Limited

1707 Advisors FZ-LLC

Prestige Wines & Spirits Private Limited

Helionext Private Limited

Aristol Private Limited

Work highlights

  • Advised Urvara Krsi Private Limited on sale of Carbon Units to an entity based out of Singapore, including drafting of ancillary agreements.

Maheshwari & Co. Advocates & Legal Consultants

Full-service firm Maheshwari & Co. Advocates & Legal Consultants operates across a variety of industries, handling corporate and commercial transactions and litigation proceedings. Managing partner Vipul Maheshwari is a key contact for corporate and commercial litigation and dispute resolution, regularly appearing before the Supreme Court and several High Courts, while corporate practice head Jyotsna Chaturvedi is noted for her broad knowledge of corporate law and transactional advisory matters, including restructuring, M&A and venture capital transactions.

Practice head(s):

Vipul Maheshwari

Other key lawyers:

Jyotsna Chaturvedi

Key clients

Sondrel (Holdings) PLC

Work highlights

  • Assisted Sondrel (Holdings) PLC, a leading global semiconductor designer and supplier delivering customised, ultra-complex, digital ASIC chip solutions, with due diligence of its subsidiaries and regulatory advisory in India, in order to enable the listing of the company on the Stock Exchange.

Stratage Law

Stratage Law’s team is routinely entrusted by funds, multinationals, and Fortune 500 companies on a range of transactions, including joint ventures, restructuring, M&A, shareholder disputes and insolvency matters. Managing partner Darshan Upadhyay is the key contact, regularly advising on exchange control regulations, SEBI and general corporate law. The team also includes founding partners Bhavin Gada, whose broad practice spans investment transactions, dispute management, and governance-related advice, and Shyam Pandya, who is noted for his expertise in fund formation, private equity, and M&A mandates.

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 India in 100% acquisition of the issued share capital of Briar Chemicals Limited by Safex UK Holdings Limited, a wholly owned subsidiary of Safex India, from Aurelius Equity opportunities.
  • Advised Marengo Asia Healthcare Private Limited in the acquisition of 100% shareholding of North East Health Care Private Limited.
  • Advised Tube Investments of India (TII) and Premji Invest (through PI Opportunities Fund I Scheme II) in the acquisition of 100% equity capital of Lotus Surgicals from India Medical Consumables Holdings Ltd (a Samara Capital entity) and other shareholders.

Ahlawat & Associates

Ahlawat & Associates’s corporate and commercial team advises clients on M&A, private equity, and venture capital investments, often involving a cross-border element. Foreign direct investments specialist Uday Singh Ahlawat leads the corporate, commercial and transactional practice, regularly assisting both domestic and international clients with inbound and outbound investments, M&A, and joint ventures. Sheena Ogra focuses her capabilities on structuring, drafting, and negotiating private equity transactions including shareholders’ agreements, share subscription agreements, and share purchase agreements; areas in which Shramona Sarkar is also well-versed.

Practice head(s):

Uday Singh Ahlawat; Sheena Ogra

Other key lawyers:

Shramona Sarkar

Key clients

Rooter Sports Technologies Private Limited

Motovolt Mobility Private Limited

Lotus Holdings

Gingerpan Swapcart Private Limited

Intellibusiness Inc

Tamalex International FZE

Shorea Softech Private Limited

Work highlights

  • Advised Rooter Sports Technologies Private Limited on its ‘Pre-Series B Investment’ round of USD 16 million, led by Lightbox Ventures III.
  • Advised Lotus Holdings on its strategic investment in Yogicsecret Healthcare Private Limited.

Aretha Legal

Aretha Legal has expertise in drafting, negotiating and finalising transaction documents, including purchase agreements’ shares, while also providing comprehensive assistance in acquisitions and mergers. Founding partners are Nitin Gera, who is well-versed in private equity and M&A transactions, and Ray Vikram Nath, noted for his 20 years of experience in litigation and cross-border transactions.

Practice head(s):

Nitin Gera; Ray Vikram Nath

Key clients

Everest Group

SCI Growth Investments

Northern Tools and Gauges Private Limited (NTG)

Brahma Advisors LLC

Honasa Consumer Private Limited

Stellaris Venture Partners India Trust II

Work highlights

  • Advised Everest Blowers Private Limited and Everest Blower Systems Private Limited (collectively ‘Everest Group’) in the 100% shareholding acquisition by Ingersoll Rand, a global market leader with a broad range of innovative and mission-critical air, fluid, energy and medical technologies, providing services and solutions to increase industrial productivity and efficiency.
  • Advised SCI Growth Investments IV on the share transfer of K12 Techno Services Private Limited by Sorting Hat Technologies Private Limited (Unacademy) to SCI Growth Investments IV (Sequoia) for a total consideration of INR 112 Crores (approx.)
  • Advised SCI Growth Investments III. Sequoia, through its investment arm SCI Growth Investments III increased its stake in Target – Finova Capital to 40% (approximately). Sequoia purchased shares from angel investors and Target employees for a total consideration of $5m. The round was co-managed by Norwest Capital LLC and Maj Invest Financial Inclusion Fund III.

DMD Advocates

DMD Advocates displays significant strength in advising clients on exit strategies and transactions, is the key contact, having recently handled several key exits for some leading venture capital funds. The practice is spearheaded from the New Delhi office by corporate and cross-border transactions specialist Rashi Dhir, who is regularly engaged by Fortune 500 companies and private equity funds for his knowledge of mergers and acquisitions, joint ventures, and fund structuring and formations. M&A expert Pallavi Puri is also recommended. Sumit Sinha  has left the practice.

Practice head(s):

Rashi Dhir

Other key lawyers:

Pallavi Puri; Ayesha Rai

Saga Legal

Saga Legal advises on a range of commercial agreements, spanning joint ventures, licensing agreements, and strategic partnerships. The firm’s corporate practice is led by Sanika Mehra, noted for recently handling complex drafting projects and vetting of RFP’s in the infrastructure and aviation sectors, while Priya Mamgain is well-versed in corporate law, structuring, and IPR laws.

Practice head(s):

Sanika Mehra; Priya Mamgain

Key clients

Pep Technologies Pvt. Ltd.

Unscript AI Private Limited

Guardians Ems Private Limited

Talent On Lease Private Limited

Blue Santos Technologies Pvt Ltd

Yamuna International Airport Pvt. Ltd.

Floworks Solutions Pvt. Ltd.

Work highlights

  • Assisted Yamuna International Airport Private Limited through the whole bidding process, including negotiation after the technical and financial bids. Drafted, vetted, and reviewed various agreements, assisted in land due diligence, preparing procurement policy and other internal SOPs.
  • Advised Pep Technologies Private Limited on compliance related to Legal Metrology and Advertising Standard Council of India and supported with compliance issues relating to advertisement and audits. Provided legal drafts and reviewed and vetted various agreements.
  • Assisted Unscript AI Private Limited throughout the company’s funding round, where over USD 1.25 million were raised. Provided end-to-end legal support in drafting, negotiating, and vetting transaction documents and agreements. Assisted in ROC filing documents and concluding investor-driven due diligence.