AZB & Partners combines a high deal volume with regularly involvement in high-value transactions, working with its international client base on M&A and private equity investments as well as corporate governance and structuring issues, including cross-border joint ventures and regulatory approvals. Clients include major domestic players such as Tata, alongside global businesses and private equity investors including Brookfield, with the firm acting for clients across a broad range of industries. Firm founders and managing partners Ajay Bahl in New Dehli and Zia Mody in Mumbai are highly experienced practitioners with standout records in complex M&A and cross-border joint ventures respectively, while Anand Shah in Mumbai is noted for work with start-ups and public companies alike, encompassing public M&A and structuring. New Dehli’s Anil Kasturi is noted for his broad sector expertise and client base spanning major Indian companies as well as multinationals. In Mumbai, Nandish Vyas is noted for his corporate and competition law expertise. Gautam Saha departed the firm in September 2022.
Corporate and M&A in India
AZB & Partners
Other key lawyers:
Priyamvada Shenoy; Ajay Bahl; Zia Mody; Anand Shah; Anil Kasturi; Ashwath Rau; Nandish Vyas
‘They have vast amounts of experience and are the port of call for important, strategic issues and risk assessment.’
‘Excellent overall team that consistently and effectively addresses our questions. Knowledgeable, responsive, reliable and practical in the advice they provide. We rely on them as our local Indian law experts, particularly on corporate matters, and they have been been an invaluable resource for our business.’
‘The qualities above apply with respect to the individual lawyers we have worked with, with special recognition to Priyamvada Shenoy, who has gone above and beyond to maintain a healthy and professional relationship.’
Tata Sons Private Limited & Talace Private Limited
Digital Realty Trust L.P.
Tata Steel Limited
Visa International Service Association (VISA)
Bharti Airtel Limited and Bharti Infratel Limited
Sterlite Technologies Limited
Deccan Fine Chemicals (India) Private Limited
Miranda Tools Private Limited and Miranda Few Tools Private Limited (part of Ashok Piramal Group)
API Holdings Private Limited
Precision Automation and Robotics India Limited
Brookfield Asset Management
FIH Mauritius Investments Ltd
The British Council
- Advised the Tata Group in its acquisition of the entire stake in Air India Limited (“AIL”), Air India Express Limited (“AIXL”) and 50% stake in Air India SATS Airport Services Private Limited (“AISATS”).
- Advised Housing Development Finance Corporation Limited on its proposed amalgamation with HDFC Bank Limited.
- Advised Visa International Service Association (VISA) on the sale of its entire stake in IndiaIdeas.com Limited (Billdesk), the largest payments aggregator in India, to PayU Payments Private Limited (PayU).
Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas combines strong transactional capabilities with broad corporate governance and commercial expertise, advising major Indian and international businesses on M&A, exits, corporate restructurings, and distressed transactions, often involving significant cross-border elements. The firm is active across a broad range of sectors, with specialist teams for industry verticals in areas such as energy, insurance, aerospace, and TMT, with accompanying regulatory expertise. Managing partner Cyril Shroff remains an active dealmaker, while corporate head Reeba Chacko is particularly strong in cross-border work for foreign clients, alongside private equity transactions. Deputy corporate head Nivedita Rao handles public M&A and corporate structuring work for foreign and domestic clients, while Akila Agrawal leads the firm’s M&A practice, with experience in acquisitions, disposals, and takeover offers. Principal associate Aviral Chauhan combines corporate advisory work with international M&A and private equity expertise. All lawyers mentioned are in Mumbai.
Cyril Shroff; Reeba Chacko; Nivedita Rao; Akila Agrawal
Other key lawyers:
Department of Investment and Public Asset Management.
Hinduja Global Solutions
Fullerton Financial Holdings
Just Dial Limited.
India Grid Trust (IndiGrid).
Principal Financial Group.
- Advised Adani Green Energy Limited (“AGEL”) in relation to acquisition by AGEL of 4,954 MW of renewable assets in India by acquiring 100% of the shares of SB Energy Holdings Limited.
- Advised Adani on the acquisition of a 20% stake in the company by TOTAL Group, France, through Total Renewables SAS.
- Advised the Government of India on the strategic disinvestment of Air India Limited by way of transfer of management control and 100% equity share capital of AI held by the Government, along with AI’s 100% stake in Air India Express and Air India SATS Airport Services Private Limited.
IndusLaw strengthened its practice with the October 2021 arrival of public M&A specialist Ravi Kumar from Cyril Amarchand Mangaldas as co-head in the Mumbai office, alongside the December 2021 recruitment of Faraz Khan from Shardul Amarchand Mangaldas & Co and October 2022 hire of Amrit Mehta from Majmudar & Partners, also based in Mumbai. The firm continues to handle the full range of issues relating to M&A and private equity transactions, encompassing dealmaking, intellectual property issues, cross-border restructuring and business combination matters, tax, and regulatory considerations. Areas of strength include tech, retail, and infrastructure, with the firm acting for a number of major Indian players alongside international companies and investors. The practice is co-led by Bengalaru’s Suneeth Katarki, who advises on M&A and joint ventures, with a particular focus on tech regulatory matters, alongside New Dehli-based Gaurav Dani, who is dual-US qualified and handles cross-border transactions, including private equity deals, in a wide range of regulated industries. Manish Gupta also remains an active dealmaker within the team, working out of the New Dehli office.
Suneeth Katarki; Gaurav Dani; Ravi Kumar
Other key lawyers:
Winnie Shekhar; Pallavi Kankagiri; Ashish Ahluwalia; Stuti Agarwal; Saurav Kumar; Amrit Mehta; Shantanu Jindel
‘The team comprises highly competent and commercially minded lawyers with a extensive knowledge and understanding of the Indian regulatory environment.’
‘Saurav Kumar was exceptional with his ability to advise the client in a contentious shareholder dispute scenario which eventually resulted in a buy-out. Saurav’s mandate was time sensitive and required delicate handling of competing interests. But his calm disposition coupled with commercially-savvy acumen allowed the parties to reach a mutually beneficial outcome.’
‘The work that Indus Law has done for us in M&A has been outstanding. It was a complex transaction requiring multiple levels of transfers and cross border law and taxation issues. Not only was this handled extremely well, with attention to details, it was very well crafted to take care of any residual issues. This also involved almost 24 hours of work due to different timezones and the team kept the midnight oil burning and at no time, did we face an issue of a lawyer saying that this time doesn’t suit us or this is too late in the day. I can as a client , give full marks for competence, draftsmanship, negotiation and diligence.’
‘Suneeth is a great partner who can understand the big picture and guide the specific teams on how to approach an issue. Rashi Saraf was exceptional as the partner on the deal and Stuti Agarwal was great in diligence and subject matter. All three did phenomenal work.’
‘Focus on technology industry and mid-size transactions.’
‘Client focus and legal expertise. Manish Gupta particularly stands out.’
‘Saurav Kumar is an excellent corporate lawyer who is available 24/7 to address your concerns and support the transaction.’
‘Subject matter expertise.’
Mohalla Tech Private Limited (ShareChat)
Epic! Creations, Inc.
Ocean Sparkle Limited
Bharat Oman Refineries Limited
Exotel Techcom Private Limited
Qualcomm Asia Pacific
Robosoft Technologies Private Limited
Addverb Technologies Private Limited
Indian School of Hospitality
Asahi Mutual Life Insurance Company
Knowcross Solutions Private Limited
American Cybersystems Inc.
Hunting Energy Services Pte. Ltd.
Zenrin Co., Ltd.
PhonePe Private Limited
Mayfield India, Ltd.
Valuedrive Technologies Private Limited (Spinny)
OFB Tech Private Limited
Gems Paint Private Limited
Springwel Mattresses Private Limited
Geniemode Global Private Limited
- Advised and represented ShareChat in relation to its acquisition of short video app MX TakaTak from MX Media for USD 700 million.
- Advised and represented Sequoia Capital in relation to its exit from Vini Cosmetics Private Limited by way of 100% transfer of its shares to Cosmos Asia Holding Pte. Ltd.
- Advised and represented Epic in relation to its acquisition by Byju.
JSA Law is active across bulge-bracket, mid-market, and lower-value M&A, advising a combination of major domestic companies alongside multinational players on acquisitions, exits, private equity deals, and joint ventures, alongside corporate structuring and commercial matters. The firm has broad sector expertise, with standout areas including real estate, infrastructure, aviation, entertainment, and technology, and is also noted for its combination of broad national coverage across India and cross-border regulatory capabilities. The practice is led by Sajai Singh in Bengalaru and Shivpriya Nanda in Gurgaon, both experienced transactional advisors with standout expertise in cross-border deals and regulated industry transactions respectively, as well as contentious capabilities. Also in Gurgaon, Sidharrth Shankar remains a key member of the team, while Rupinder Malik is a go-to for foreign investment work for both M&A and private equity transactions, and Lalit Kumar focuses on financing and commercial transactions, as well as real estate mandates.
Sajai Singh; Shivpriya Nanda
Other key lawyers:
Rupinder Malik; Lalit Kumar; Sidharrth Shankar
Amazon Asia-Pacific Resources Pte. Ltd
ANI Technologies (OLA)
Ford Motor Company
Government of India
India Power Grid Trust
Indiabulls Real Estate Limited (IBREL)
PayU Global B.V.
TVS Supply Chain Solutions Limited
The Hain Celestial Group
Wolters Kluwer United States Inc
- Advised Mindtree Limited on its amalgamation with L&T for US$ 22 billion.
- Advised Paramount Global in a strategic partnership between Reliance, Bodhi Tree Systems, which is a platform of James Murdoch’s Lupa Systems and Uday Shankar, and Paramount Global in Viacom 18.
- Advised Prestige Estates Projects Limited on its acquisition by Blackstone in two phases for a combined value of US$ 3 billion.
Khaitan & Co LLP
Khaitan & Co LLP maintains an active transactional offering, with a partner-led approach to deals ranging from the bulge-bracket to the mid-market, in a wide range of industries such as financial services, tech, and insurance, encompassing public and private M&A, joint ventures, hostile takeovers, and management buyouts. The team is able to handle both domestic and cross-border deals, including associated regulatory and foreign exchange issues. Notable names in the practice include Haigreve Khaitan, a senior figure in the team and a leader in M&A and private equity work alongside broader corporate advisory issues, alongside cross-border focused Rabindra Jhunjhunwala, who heads the firm's French and German desks, and New Dehli-based Bharat Anand, noted for his work with major corporates and family offices alike, and Rajat Mukherjee, a standout for complex strategic work on behalf of high-profile domestic and international clients. Lawyers are in Mumbai unless otherwise stated.
Other key lawyers:
Haigreve Khaitan; Rabindra Jhunjhunwala; Bharat Anand; Aakash Choubey; Ganesh Prasad; Vineet Shingal; Rajat Mukherjee; Ashraya Rao; Vidushi Gupta; Gaurav Malhotra; Kartikeya Prakash; Prasenjit Chakravarti; Sushmita Sarin; Nitish Goel; Abhisaar Bairagi; Peshwan Jehangir
‘The team works cohesively as a team across different seniorities and practice areas to deliver results for their client. Efficient, responsive and well-prepared, the team inspires confidence for clients and leaves no doubt as to the adequacy and quality of representation. Great service recovery attitude where there are perceived issues or concerns, which greatly helps to put clients at ease.’
‘Kartikeya Prakash is responsive, astute and artful in balancing the law with pragmatic considerations. Aman Dwivedi (Principal Associate) is diligent, competent and worked tirelessly to ensure timelines are met.’
‘The team has a client first approach and the firm overall has a wide range of partners available, each with their own expertise. We have switched to Khaitan from all other law firms for all our requirements. Earlier we were working with 4-5 different firms at any given time but for all major matters it is only with Khaitan. The biggest strength is the people and skillset.’
‘The individuals I have worked with mainly are Prasenjit Chakravarti, Sushmita Sarin, Nitish Goel, Abhisaar Bairagi and Peshwan Jehangir. There were many more people I have worked with and are part of the people’s teams who I have not mentioned but all contributed immensely. They always have a client first approach and go out of their way to fulfill our requirements. Couldn’t ask for more from them.’
‘Really a super team with a deep knowledge of the very latest trends of the market and of local case law.’
‘Knowledge of the team and availability of the relevant people.’
‘Depth and breadth of knowledge and make themselves available in an urgent matter.’
Axis Bank Limited
Lake Shore India Advisory Pvt. Ltd
Inox Leisure Ltd
Mahindra and Mahindra Limited
RPSG Ventures Limited
Reliance Industries Limited
Brookfield Asset Management
Bandhan Financial Holdings Limited
Mankind Pharma Limited
IIFL Finance Limited and IIFL Home Finance Limited
Reliance New Energy Solar Limited, Reliance Ventures Limited, Reliance
Panatone Finvest Limited
Larsen & Toubro Limited
Tech Aspect Solutions Private Limited
Kalpataru Power Transmission Limited and JMC Projects (India) Limited
Crompton Greaves Consumer Electricals Limited
Pearl Street Equity L.L.C.
Unitop Chemicals Private Limited
Birla Group Holdings Private Limited
Eris Lifesciences Limited
Reliance Industries Limited – Jio Platforms Limited
Reliance BP Mobility Limited
S.C. Johnson & Son, Inc.
Sommet Education Sarl
ABC World Asia Pte Ltd
- Advised Axis Bank Limited in its acquisition of Citibank’s consumer banking business in India.
- Advised Salsette Developers Private Limited (an affiliate of Lake Shore, India) in relation to acquisition of 100% of the share capital of Sheth Developers & Realtors.
- Advised Inox Leisure on its merger with PVR.
Kochhar & Co.
Kochhar & Co. continues to act for a diverse and growing client base across industries such as education, energy, financial services, and tech, with a particular strength in handling complex, often cross-border deals in highly regulated sectors. The nationwide team has strong capabilities across M&A deals and associated regulatory, tax, and financing issues, including notable expertise in Islamic finance as it relates to M&A and regulatory knowledge in fields such as intellectual property and data protection. The team is led by managing partner Rohit Kochhar, a long-term advisor to major Indian and international businesses on corporate law and M&A, Mumbai’s Rajarshi Chakrabarti, a specialist in cross-border M&A, joint ventures, and business collaborations, and Bengalaru-based Suhas Srinivasiah , who offers great experience in the technology space. Sarika Raichur remains a key name for private equity-led transactions, while Chandrasekhar Tampi contributes to the firm’s Islamic financing capability, as well as handling public and private M&A, cross-border and domestic investments, and antitrust issues. Lawyers are in New Dehli unless otherwise stated.
Other key lawyers:
Chandrasekhar Tampi; Ajith C.R.; Rajarshi Chakrabarti; Deepti Bhat; Sarika Raichur
Believe India Private Limited
GAIL India Limited (GAIL)
Glance InMobi Pte Ltd
Owens Corning India Private Limited
Planet One Solar
Radiance Renewables Private Limited
Tech Mahindra Limited
Vodafone Shared Services Limited
- Advised Tech Mahindra on the acquisition of US based Infostar LLC.
- Represented Moody’s Corporation with respect to the Indian leg of the global acquisition of RMS Risk Management Solutions, Inc.
- Represented Glance InMobi Pte Ltd (Glance), part of SoftBank-backed InMobi Group, with investments from Google and Mithril Capital, on its acquisition of ‘Shop101′.
Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co is a go-to for high-value public M&A and private equity investments, advising major corporate buyers as well as PE houses on complex, often cross-border transactions involving significant regulatory and multijurisdictional aspects. Alongside its capabilities in big-ticket transactional work, the firm also regularly handles joint ventures and capital markets issues, alongside cross-border corporate structuring and commercial contracts, and has a particularly strong record in foreign direct investment work. Practice head Shardul Shroff in New Dehli has broad expertise across corporate and financing matters, while Mumbai’s Raghubir Menon is a standout name for cross-border transactions on behalf of private equity funds, and domestic and international companies. Also in New Dehli, Amit Khansaheb is active across the software, logistics, and IT sectors, while Puja Sondhi advises on foreign investment and regulatory issues with a notable growth company and venture capital focus, and Mithun Thanks specialises in private equity deals.
Other key lawyers:
Raghubir Menon; Amit Khansaheb; Puja Sondhi; Mithun Thanks
‘Responsive; detailed advice without being overly academic; good understanding of the client business and therefore advice is commercially focused.’
‘Mithun Thanks and Anjali Menon – responsive, practical, commercially focused and an overall pleasure to work with.’
‘High-level quality of legal services, matching the expectations of demanding clients. Very quick and responsive by all means. Mindful about possible issues of foreign clients doing business in India.’
‘Availability, speed, professionalism.’
CA Magnum Holdings
Delhivery Private Limited
Destiny Investments Limited (SPV of ChrysCapital VI LLP)
Aragen Life Sciences Private Limited (f/k/a GVK Biosciences Private Limited)
Reddy Investment Trust
GVK Bio Employees Welfare Trust
Flipkart Private Limited
Blackstone Advisors India Private Limited.
Think & Learn Private Limited
API Holdings Private Limited
Reliance Retail Ventures Limited
Biocon Biologics Limited
- Advised Flipkart Private Limited in the acquisition of ~10.37% stake in Flipkart Private Limited by CPP Investment Board.
- Advised Blackstone Advisors India Private Limited in the acquisition of a majority stake in mphasis limited.
- Advised Biocon Biologics Limited in the merger of CTPL into BBL.
Trilegal is a highly active and consistent player in both high-volume and high-value M&A, advising major domestic players in highly regulated sectors, domestic and international investors, and SMEs on complex, often cross-border transactions, joint ventures, and corporate structuring mandates. The firm offers integrated intellectual property, competition, tax, and regulatory expertise, and also has experience in innovative and niche transactional structures, including a standout capability in SPAC deals. Gurgaon-based Yogesh Singh leads the team, with notable expertise in distressed acquisitions and the domiciling of European companies in India respectively, alongside regular involvement in cross-border deals. Mumbai’s Sridhar Gorthi remains a standout dealmaker, advising on inbound and outbound M&A, including regular work with UK, US, and Asia-Pacific clients. In Bengalaru Kosturi Ghosh works with a number of regulated sector clients in fields such as IT, education, and agriculture, and handles M&A, corporate governance, and private equity work, while Rahul Matthan takes the lead on TMT sector transactions, including regulatory matters and operational issues. Harsh Pais left the firm in August 2022 to join Allen & Overy LLP's London office.
Other key lawyers:
Sridhar Gorthi; Nishant Parikh; Kosturi Ghosh; Ashwyn Misra; Deep Choudhuri; Pallabi Ghosal; Sai Krishna Bharathan; Vivek Bajaj; Shivani Kabra; Rahul Mattan
- Represented Prosus N.V. and facilitated its 100% acquisition (through its payments and fintech arm PayU) of BillDesk for $4.7 billion by way of an all cash transaction.
- Advised Actis on the auction sale of 100% of Sprng Energy, which is an Actis portfolio company and one of the largest renewable energy businesses in India.
- Represented Atos SE on its acquisition of Visual BI, a leading data analytics provider in the US and India.
Argus Partners combines an active M&A practice, handling complex mergers, joint ventures, and commercial transactions, with corporate governance, restructuring, and early-stage investment expertise, acting for major clients such as Tata, and HDFC, alongside a number of private equity investors. The team offers integrated tax and regulatory expertise, as well as capabilities in corporate malfeasance and internal investigations, and was strengthened by the recruitment of energy and infrastructure specialists Rachika Sahay, who joined the New Dehli office from HSA Advocates in September 2021, and Bengalaru-based Prashanth Sabeshan from AZB & Partners in October 2021. Other key names include managing partner Krishnava Dutt, who leads on complex high-profile mergers in sectors such as financial services, Adity Chaudhury, a regular advisor to Tata, early-stage investments and pre-IPO specialist Vinod Joseph, and Kolkata-based Arka Majumdar, who combines manufacturing and financial services sector expertise. Lawyers are in Mumbai unless otherwise noted. Most recently the team is further boosted by Jitendra Soni whose corporate practice is focused on the TMT sector.
Krishnava Dutt; Adity Chaudhury; Arka Majumdar; Vinod Joseph; Rachika Agrawal Sahay; Prashanth Sabeshan
Other key lawyers:
Tata Steel Limited
Polygenta Technologies Limited
HDFC Capital Advisors Limited
Kotak Investment Advisors Limited
India Resurgence Fund
OAKS Asset Management
Plutus Wealth Management
Alkemi Venture Partners
Herbolab India Private Limited
Schreiber Dynamix Dairies Private Limited
Resolution Professional of Monnet Ispat and Energy Limited
- Advised HDFC Limited in its proposed merger with HDFC Bank to create the second largest bank in India.
Bharucha & Partners
Bharucha & Partners advises on a wide range of complex transactions, including major domestic and cross-border M&A, joint ventures, and foreign investment matters. The firm acts for high-profile multinationals, private equity investors, and key domestic players, and has a broad range of sector focuses including financial services, telecoms, technology, and agriculture. Primarily based in Mumbai, the team is led by standout M&A practitioner Alka Bharucha , who continues to lead major transactions in the banking, telecoms, and power sectors, alongside Justin Bharucha, a key name for foreign investment deals in regulated industries. Vadana Pai takes the lead on investment funds work, acting for investors and portfolio companies, while Bengalaru’s Swathi Girimaji focuses on advice to start-ups on strategic acquisitions.
Other key lawyers:
Girnarsoft Education Services Private Limited
S.M.I.L.E. Microfinance Limited
Maxinique Solution Private Limited
Vedantu Innovations Private Limited
ANS Digital Private Limited
Vodafone Idea Limited
Aditya Birla Group
Kalpataru Power Transmission Limited
DCB Bank Limited
Urbanedge Hotels Private Limited
JM Baxi Heavy Private Limited
Girnarsoft Education Services Private Limited
DSK Legal has continued to expand its footprint in the M&A space, combining a high volume of transactions with involvement in complex, often cross-border deals in key sectors such as manufacturing, technology, and life sciences. The team expanded in Bengalaru with the recruitment of Srinivas B.R. and Siddharth Suresh from Dua Associates in April 2022, increasing the firm’s national reach. Clients include businesses in a diverse range of industries, as well as international private equity investors, with the team also offering notable regulatory and contentious capabilities across multijurisdictional mandates. Key members of the team include Aparajit Bhattacharya, who maintains a successful record in cross-border deals, particularly in the renewable energy and manufacturing spaces, Hemang Parekh, who advises healthcare and life sciences companies, as well as a number of private equity funds, and New Dehli’s Rishi Anand, who specialises in tech sector work. Also in New Dehli, Harvinder Singh is active on behalf of growth and innovation clients, advising on strategic acquisitions and venture capital investments. Gaurav Mistry has a growing reputation for private and public M&A, cross-border joint ventures, and commercial agreements. Lawyers are in Mumbai unless otherwise stated.
Other key lawyers:
Anand Desai; Aparajit Bhattacharya; Hemang Parekh; Harvinder Singh; Sharath Chandrasekhar; Srinivas B.R.; Ajay Shaw; Rishi Anand; Aninda Pal; Gaurav Mistry; Siddharth Suresh; Jayesh Kothari
‘Timely and prompt response to inquiries from client.’
‘The sheer domain knowledge & bandwidth of experience and guidance to the clients stands out very well at DSK legal.’
‘Availability of counsel and their knack of viewing an issue from both sides and then offering us practical advice was incredible.’
‘Thorough, diligent, detail oriented, super responsive, flexibility in billing’
‘Srinivas B R – responsiveness, understanding, solution orientation.’
‘Siddarth Suresh: diligence, eye for detail, speed, hard work, ability to deliver in tight timelines.’
‘The DSK Team has advised us on multiple M&A deals and the services provided are of market leading standard. The commercial acumen, the sector knowledge, the turn around time, structuring advice and options suggested to enable the client to achieve the commercial intent while ensuring that our interests are protected, partner level involvement, innovative pricing models are the key factors for us for engaging DSK.’
‘On the Corporate and M&A side we primarily work with Aparajit Bhattacharya & Harvinder Singh from DSK.’
ReNew Power Private Limited
IDP Education Ltd, Victoria, Australia
Eternis Fine Chemicals Limited
OmniActive Health Technologies Limited
PSA India Intermodal Pte. Ltd.
e-Zest Solutions Limited
NOW (TapTap Meals Private Limited)
Paine Schwartz Partners
SBI Life Insurance Company Limited
SNC-Lavalin Engineering India Private Limited (“SNC India”) and SNC-Lavalin Inc. (“SNC Canada”)
Bharat Innovation Fund
Dr. S. Natarajan, Ms. Vandana Bagavathula andAdityaJyot EyeHospital Private Limited
ElicaPB India Private Limited
Neuberger Berman USA
WyridianAdvisors Private Limited
Deep Science India Fund Trust
Competent Synergies Private Limited
AlpsAlpineCo. Ltd., Japan
Phelan Energy Group Limited, British Virgin Islands and Phelan Energy India RJ Private Limited
Bluebrahma Clean Energy Solutions Private Limited
Ruchirans Jaipuria and Anurag Jaipuria and Jai Beverages Private Limited
Flipkart Internet PrivateLimited
CK Jaipuria Group
EternusSolutions Private Limited
Infifresh Foods Private Limited
e-Zest Solutions Limited
Food Service (India) Private Limited
Manash Lifestyle Private Limited ‘Purple’
Onward Technologies Limited
Solara Active Pharma Sciences Limited
Mandala Capital AG Limited
Sagarsoft (India) Limited
Mr. Sonu Sood and Sood Infomatics LLP
HCL Capital Private Limited
CIMS Hospital Private Limited (and its selling shareholders including Dr. Keyur Parikh)
Semantic Technologies and Agritech Services Private Limited
Emmvee Photovoltaic Power Private Limited
Quest Global Engineering Service Private Limited
M/S Canbank Venture Capital Fund Limited
Hippocampus Learning Centres Private Limited
Golden Seams Industries Private Limited
Aequs Automotive Private Limited
- Advised ReNew Power Private Limited in relation to its joint venture with Mitsui & Co., Ltd. Japan, whereby Mitsui (through its wholly owned subsidiary) has acquired 49% stake in ReNew’s 1,300 MW capacity RTC (round-the-clock) renewable project.
- Advised IDP Education Ltd, Victoria, Australia in the acquisition of the entire issued and paid up share capital of BC Examinations and English Services India Private Limited, India from the British Counsel and its UK affiliates.
- Advised SRL Limited in relation to their purchase of shares of DDRC SRL Diagnostics Private Limited.
Luthra and Luthra Law Offices India
Luthra and Luthra Law Offices India has grown its practice with the arrival of five partners, including the October and August 2021 recruitment of Mumbai-based Nishant Singh and Avirup Nag from IndusLaw, who are focused on private equity and infrastructure transactions respectively, alongside Mumbai’s Sudipta Routh. Bengalaru-based Vasudev Dibbur arrived in July 2021 from a consultancy role. The new arrivals join a practice with an established record in complex M&A across key sectors such as life sciences, healthcare, and technology, as well as notable infrastructure expertise and a growing ESG advisory offering. The practice is led by Rajiv Luthra, a vastly experienced corporate and transactional advisor, while Mumbai’s Jay Parikh remains a key contact for M&A, private equity, and corporate advisory work, with a notable focus on the manufacturing space. Shinoj Koshy is also noted for his contribution to the firm’s multijurisdictional private equity and M&A offering, regularly advising corporates and funds on deals involving US and European elements.
Other key lawyers:
Jay Parikh; Sudipta Routh; Nishant Singh; Avirup Nag; Sudipta Routh; Vasudev Dibbur; Shinoj Koshy
‘They are commercial and practical in their approach.’
‘Shinoj Koshy gives clear and practical advice which is tailored to the individual transaction.’
‘Knowledge, experience, quick turnaround and resourcing. guiding the client in terms of focusing on key areas instead of spending time on mundane stuff is one of the key value adds.’
‘What makes the individuals stand out is the ability to think on practical solutions keeping client interest in mind; problem solving ability and working with the team for quick resolutions. acting as an advisor for the client.’
‘The firm is able to advise a large spectrum of legal issues under India laws, including M&A, litigation, corporate law issues, compliance. It has a very responsive, pragmatic and efficient team.’
‘Shinoj Koshy is an exceptionally experienced lawyer with strong understanding of business and client’s needs. His practice areas cover most of what a corporation needs in India. He always answers to client’s needs, and answers well.’
Dr. Lal Path Labs Limited
Sunsource Energy Private Limited, its promoters and its exiting shareholder – Neev Fund
Accurant International, LLC
Steadview Capital Mauritius Limited
Data Glove IT Solutions Private Limited and Data Glove Incorporated
TR Capital III Mauritius III
PTV International Ventures Limited
- Advised ReNew Power on its INR 985 Crore acquisition of Singoli-Bhatwari Hydroelectric Project – a 99 MW commissioned hydro power project in Uttarakhand.
- Acted for and advised Scaler in connection with its 100% acquisition of an online learning platform, AAIC Technologies Private Limited.
- Advised Viyash Life Sciences (a Carlyle pharma platform company) on the acquisition of (i) 100% stake in Appcure Labs; and (ii) majority stake in Appco Pharma LLC.
The ‘reliable and effective’ team at Link Legal is noted for its expertise in complex M&A in the infrastructure and aviation sectors, as well as regularly advising clients in fields such as e-commerce, energy, and TMT. The firm regularly handles major acquisitions and sell-offs arising from restructuring and insolvency processes, as well as cross-border deals and private equity investments, and has a further notable specialism in strategic privatisations by the Indian government. The practice is led by Nusrat Hassan, who specialises in cross-border transactions and structuring mandates for Indian, European, and US clients, alongside dual US-qualified Anand Srivastava, a key contributor to the firm’s international expertise alongside leading on key infrastructure, aviation, and restructuring mandates. Anuj Trivedi is active in the telecoms sector and also takes the lead on China-domiciled work, while Milind Jha is also noted for his infrastructure work, including a strong record in sale-and-lease-back transactions. Namita Das has a diverse cross-sector transactional practice encompassing public M&A and private equity deals. In Mumbai, Ambuj Sonal handles transactions and joint ventures with complex employment law aspects. Yosham Vardhan left the firm in July 2021. Lawyers are in New Dehli unless otherwise noted.
Nusrat Hassan; Anand Srivastava
Other key lawyers:
Milind Jha; Anuj Trivedi; Ambuj Sonal; Namita Das
‘Reliable and effective.’
‘Responsive and sensible.’
Air India Limited
Aurobindo Realty and Infrastructure
SarvaGram Group of Companies and its founders
Inyantra Technologies Private Limited and its Shareholders
Mission1 Investments LLC, a US based fund
Almas Global Opportunity Fund SPC, a Cayman Islands based fund
Dev Overseas Investments
Probus Insurance Broker Private Limited
Paramount Polymers Private Limited
Immuno Ancillary Services
Digiexpress Trade Private Limited
Vinzero PTE Limited
RIB International Holding Pte. Ltd.
Twin Technology SE
The One Off India Limited
Ashoka Buildcon Limited
Marsh McLennan Global Services India Private Limited
GMR Hyderabad Aerotropolis Limited (GHAL)
March Work Private Limited
Majmudar & Partners
Majmudar & Partners stands out for its partner-led approach, cross-border focus including referral relationships with a number of major UK and US firms, and integrated tax and competition expertise, allowing the firm to act for a combination of major domestic and international clients in complex, often multijurisdictional M&A. The firm also advises clients on joint ventures, corporate structuring, and governance issues, and is particularly focused on the financial services, consumer and retail, tech, and manufacturing sectors. The practice is led by Akil Hirani, who is also UK and US-qualified and has a strong focus on cross-border M&A, UK-qualified Rukshad Davar, who maintains an active transactional and corporate restructuring practice, and Bengalaru’s N. Raja Sujith, the key name for South India-domiciled deals and tech transactions. Kritika Agarwal was promoted to partner in early 2022 and regularly advises on deals with significant competition law elements. Lawyers are in Mumbai unless otherwise stated.
Akil Hirani; Rukshad Davar; N. Raja Sujith
Other key lawyers:
‘Majmudar & Partners was exceptional in leading the India-based portion of a multinational transaction that involved simultaneous closings in six jurisdictions. Their sophistication with this type of transaction, and ability to seamlessly interface with the other counsel on the deal team, was invaluable. Additionally, their ability to contextualize any decisions in the broader transaction and to stay ahead of any potential issues made a complicated process very smooth.’
‘Rukshad Davar was exceptional in leading the Majmudar team. Rukshad’s depth of knowledge in M&A and tax, combined with his expertise in leading these types of transactions and interacting with deal teams in other jurisdictions, was impressive. He was assisted by Kritika Agarwal (Associate Partner) whose ability to distill advice in a clear, effective and timeline manner, made what would have been a complicated process very smooth.’
‘Majmudar & Partners provides world-class service, and it is our go-to firm for all India-related matters, including for our most important clients.’
‘Rukshad Davar is our primary point of contact and brings very helpful strategic direction to the matters we work on with him. We also work a lot with Kritika Agarwal and she is exceptional and highly responsive. We have had interactions with other members of Majmudar & Partners and the entire team is responsive and provides clear guidance.’
‘A strong and mature team with a PAN India presence is an absolute must for an M&A transaction.’
‘The sense of experience, and maturity in addressing and resolving the issues. At times coolness works better than aggression.’
ZoomInfo Technologies Inc.
Carlisle Companies Incorporated
RPS Consulting Private Limited
PathPartner Technology Private Limited
Plug Power Inc.
Infac Elecs Co. Limited
Thrasio Holdings, Inc.
- Acted for ZoomInfo Technologies Incin its acquisitions of Insent, Inc, Affectlayer Inc, and RingLead.
- Represented Carlisle Companies Incorporated on the sale of Carlisle’s Brake and Friction division to CentroMotion for an undisclosed amount.
- Represented Arkema on its acquisition of Ashland’s performance adhesive business, at a deal value of US$1.65 billion.
Phoenix Legal offers diverse sector expertise, able to advise on domestic and cross-border transactions in a number of key industries including financial services, automotives, tech, energy, and retail, handling public and private M&A, joint ventures, business restructurings, and private equity deals alongside associated regulatory and foreign investment issues. The team includes a number of key senior practitioners, including the ‘responsive and dependable‘ Manjula Chawla, Saket Shukla, highly experienced dealmaker Abhishek Saxena, Mumbai-based Sawant Singh and Sriram Ramachandran, noted for their combination of M&A, financing, and private equity expertise, disputes-focused Pranav Srivastava, and Ritika Ganju, who handles regulated industry deals, including accompanying regulatory and competition issues. Akshay Sachthey offers broad cross-border corporate and transactional support, while managing associate Nikhil Pareek remains a key emerging player, advising on deals in a wide range of industries and foreign exchange regulations. Lawyers are in New Dehli unless otherwise stated.
Manjula Chawla; Saket Shukla; Abhishek Saxena; Sawant Singh; Sriram Ramachandran; Pranav Srivastava; Ritika Ganju
Other key lawyers:
Akshay Sachthey; Nikhil Pareek
‘Phoenix Legal has consistently provided legal services that are consistently on par with top international law firms. The lawyers at Phoenix Legal are responsive and provide high quality work product at competitive rates.’
‘Phoenix Legal will serve the purpose of someone new to India, or someone who has been doing business in India for a long time. It is because they understand the needs of each client and adapt to the maturity level of the clients. They have subject matter experts in most areas of laws to become a one go to firm for companies.’
‘Manjula Chawla is a founding partner of Phoenix Legal and her experience dealing with non-Indian clients is enormous. She can also offer her network of professionals to support our business. She is personable, responsive and dependable.’
‘Phoenix Legal has the ability to put together teams who work out the best solutions for our collaborations. Their experience across the country gives them the advantage of having worked with most of the top law firms in the country. This makes working on deals and agreements with different legal teams smoother than i have experienced otherwise where it can get prickly and rough. Other than experience, the temperament and understanding media space also gives them an added advantage.’
‘Saket Shukla stands out in his ability to put a team together to deal with the matter at hand from within and outside his organization. The teams he has created to deal with our matter have included people from Phoenix and outside to form a complete and diverse set who would be best for the task at hand. His and his team’s alertness and accessibility stand out.’
Dell Technologies Inc.
Pine Labs Limited
Suburban Diagnostics (India) Private Limited
Asesorias e Inversiones Benjamin S.A./ South Lake One, LLC.
Abu Dhabi Development Holding Company P.J.S.C
FirstPay Technologies (Junio)
N. Harris Computer Corporation
Höegh LNG AS
- Advised Dell on the sale of Boomi Inc to Bayshore Holdings 2021 L.P.
- Advised Volaris Group in respect of the India leg of the transaction related to the acquisition of the entire issued share capital of a UK-based company having an Indian subsidiary.
- Advised PineLabs on a $600m funding round involving various international investors.
Samvad Partners offers a partner-led service, prioritising complex, often cross-border M&A and joint ventures, alongside private equity investments, and acts for a global client base across sectors such as healthcare, infrastructure, and financial services. Alongside its transactional expertise, the firm also offers notable regulatory capabilities, both relating to Indian foreign exchange and corporate law, as well as key international legislation such as the US Foreign Corrupt Practices Act and the UK Bribery Act. The practice is now led by Mumbai’s Vineetha MG, a regular advisor on major M&A and joint ventures, as well as domestic anti-corruption law, alongside Bengalaru-based Natasha Mahajan, who has broad transactional expertise encompassing corporate M&A and private equity deals, including a variety of complex structures such as investor and promoter exits, distressed acquisitions, and flips. Other key members of the team include New Dehli’s Ashwini Vittalachar, a prolific dealmaker and employment advisor, versatile corporate and commercial practitioner Ekta Bahl in Hyderabad, and Mumbai’s Neha Mirajgaoker, who is establishing a strong reputation in the private equity and venture capital space, as is Bengalaru-based Anisha Shroff.
Other key lawyers:
Ekta Bahl; Neha Mirajgaoker; Neela Badami; Nivedita Nivargi; Jeeta Nayak; Harish Narasappa; Ashwini Vittalachar; Anisha Shroff
Algonomy Software Private Limited (formerly known as Manthan Software Services Private Limited) (“Client”)
Boven Technologies Private Limited
Cable Corporation of India Limited
Datawrkz Business Solutions Private Limited
Eight Roads Investments Mauritius II Limited
Green Agrevolution Private Limited
Helion Venture Partners India II LLC
Mensa Brand Technologies Private Limited
PB Fintech Private Limited (Policy Bazaar)
Synergistic Financial Networks Pvt. Ltd (Mosambee)
The Fundamentum Partnership – Fund I
True North Fund V LLP
YES Asset Management (India) Limited
YES Bank Limited
YES Trustee Limited
- Advised Delhivery in relation to a US$100 million equity investment in Delhivery by FedEx.
- Advised DeHaat (Green Agrevolution Pvt Ltd), a full stack agri tech platform, on the acquisition of multiple companies and businesses including Y-Cook, Helicrofter, Farm Guide, E-Fasal, and the fresh foods business undertaking of a multinational food company.
Saraf and Partners
Since establishing Saraf and Partners, Mohit Saraf continues to lead a strong team with a depth of expertise in the corporate M&A and commercial realms and the practice benefits from being able to call upon banking and finance, litigation and restructuring/insolvency experts. A number of the lawyers have a special focus: Bikash Jhawar on energy projects while Vaibhav Kakkar specialises in private equity transactions and regulatory regimes.
Other key lawyers:
Vaibhav Kakkar; Bikash Jhawar; Vikrant Kumar
‘The team has in-depth knowledge of regulations, with insightful and practical solutions developed from extensive experience of having worked in this space.’
‘The team has really good extensive knowledge of the complex issues around M&A, particularly for the Dotcom domain for which we consulted them.’
Talwar Thakore & Associates
Headed up in by experienced transactional advisors Feroz Dubash and Kunal Thakore, who both offer strong expertise across public and private M&A, private equity-backed deals, and complex multijurisdictional regulatory issues, the team at Talwar Thakore & Associates is noted for its expertise in financial services, particularly insurance sector work. With a global client base including the likes of AXA Group and Generali, the firm also has broader capabilities in cross-border regulated industries transactions, as well as corporate restructurings, governance, and data protection work. Deepa Christopher is based in Bengalaru and contributes heavily to the firm’s strength in the insurance sector, while Shruti Zota is also noted for her work on behalf of leading financial services clients such as HSBC. Neville Golwalla takes the lead on corporate work, including M&A, joint ventures, and board disputes. Lawyers are in Mumbai unless otherwise stated. The vastly experienced Gautam Saha leads a team arriving in New Dehli from AZB & Partners in September 2022, with Saha bringing significant expertise in M&A and private equity transactions, as well as corporate structuring and joint venture arrangements across sectors. Amrita Patnaik also joined the practice from AZB & Partners.
Other key lawyers:
Shruti Zota; Deepa Christopher; Neville Golwalla; Gautam Saha; Amrita Patnaik
‘The M&A team at TT&A led by Feroz Dubash and Shruti Zota is extremely efficient and solution oriented. The team come up with solutions that are innovative and always focused on a resolution that is realistic and efficient. They have a very good turnaround time and are always available when you need them.’
‘Feroz Dubash and Shruti Zota personally get involved in each and every call and ensure that the client questions / concerns are taken care off with practical solutions.’
‘Excellent legal team. Meet and exceed client expectations regularly. Pleasure to work with on a professional and personal level.’
‘Very pragmatic in terms of advising and managing risk. Kunal Thakore has exceptional communication skills and is able to reassure clients in complex situations. Shruti Zota is excellent at negotiating with difficult counterparties.’
‘The team are very responsive and dedicated to delivering a great service for the client. They are very knowledgeable about financial services and M&A in financial services.’
‘Shruti Zota is excellent and always available and willing to work extremely hard for her clients. She is also very effective in negotiation.’
‘My experience has been extremely positive as it had been many times in the past; we have worked together for the same client in several occasions in the last 20 year and responsivness, quality of the analysis and legal sensibility was always there ….’
‘Feroz Dubash has impressed me for his engagement, attention to details, ownership of the matter and ability to deal with a complex situation and a difficult client.’
HSBC Holdings Plc
Capita plc UK
Montagu Private Equity
Adapt Fintech Advisors
Imagine Marketing Private Limited (boAt)
Bragg Gaming Group Inc
- Advised HSBC on its acquisition of L&T’s mutual funds business.
- Advised Generali on the increase of its stakes in its joint ventures with the Future group in the life and general insurance sectors respectively.
- Advised Sanofi in relation to the sale of certain brands (including Soframycin, Sofradex and Sofracort) to Encube Ethicals Private Limited.
Vaish Associates offers cross-border capabilities and integrated tax expertise to corporate clients engaged in complex M&A, joint ventures, and restructuring transactions, able to handle foreign exchange and regulatory issues across a range of jurisdictions as well as in various industries, with standout work in areas including aviation, real estate, and private equity. The firm acts for domestic and international clients, including South African, US, and European companies and investors, with cross-border due diligence in private equity deals a standout capability. Key figures in the practice include managing partner Bomi Daruwala , an experienced transactional counsel with experience in corporate restructuring work, New Dehli’s Vinay Vaish , who handles a broad portfolio of commercial and corporate matters, cross-border M&A specialist Martand Singh , Sandhya Iyer, who offers financing and regulatory expertise, and Hemant Puthran , who advises on acquisitions, exits, and the domiciling of businesses in India. Lawyers are in Mumbai unless otherwise stated.
Bomi Daruwala; Satwinder Singh; Martand Singh; Sandhya Iyer; Hemant Puthran
‘Vaish Associates is well diversified, full service law firm and provide full value of money to the Client. For any transaction, a team of Partners, Associates with specialization in different branches of law, relevant to the transaction, is formed. The team is always available on short notice and is able to turnout the document within the deadline. The fee is very competitive compared to other law firms.’
‘Bomi Daruwalla, Managing Partner, stands out as a master strategist, excellent negotiator with strong commercial acumen. He is also Chartered Accountant which helps in understanding the financial statements of the Target and also structuring the transaction from tax perspective. He leads his team by example and always available for his clients at short notice.’
‘Corporate and M&A Practice requires vast amount of knowledge and exposure to all kind of corporate laws. Therefore, firm must have deep and hands-on knowledge of all corporate law along with their application in various situations. Structuring the transaction is another critical area. Vaish is excellent in all these aspects and other areas of Corporate and M&A practice. Their hands-on approach and project management skills are outstanding. Their ability to understand finance and tax issues involved makes them most effective in this area.’
‘Bomi Daruwala in spite of being a very senior lawyer in this area is always approachable even with very short notice. His ability to act with sense of urgency is par excellence. He has remarkable knowledge and depth. His additional understanding of business, finance and tax nuances stands him apart to practice law in this area. Since he is innovative and practical, he always comes up with solution to even most complex problems. His ability to highlight risk involved with absolute clarity make it easy for clients to take quick decisions. He is a great human being and joy to work with.’
Airport Company Of South Africa Limited
Aditya Birla Group
Hindustan Unilever Limited
Jsw Steel Limited
First Solar India Private Limited
Vishvaraj Infrastructure Limited
Ultratech Cement Limited
- Advising and representing Airport Company of South Africa Limited (ACSA) in the sale of 10% equity shareholding in Mumbai International Airport Limited (MIAL) to Adani Airport Holdings Limited through share purchase agreement.
- Advising and representing Accel-KKR in acquiring Navis (including Navis LLC, a Delaware limited liability company and Navis Netherlands B.V., a Netherlands private limited company), provider of operational technologies and services, from Cargotec Holding, Inc.
- Advising and representing Clearlake Capital Group, L.P. and Kirkland & Ellis LLP in the legal due diligence and review of the arrangement agreement and disclosure schedules pertaining to the acquisition of Intertape Polymer Group Inc. and its subsidiary in India.
Focusing on M&A, commercial contracts, and entity structuring and formation, the team at ALMT Legal offers integrated regulatory and tax expertise alongside broad knowledge of corporate law, and is praised for its ‘thorough knowledge of the subject and availability and understanding of the client requirements.‘ The firm’s client base includes a combination of medium-to-large businesses and blue-chip companies, as well as investment funds, with particular strength in the media, technology, and cosmetics industries. Mumbai-based practice co-head Aliff Fazelbhoy focuses on transactional work for corporate and private equity clients, both domestic and cross-border, while SR Arun in Bengalaru is noted for his work on venture capital, private equity and investment funds matters, as well as capital markets transactions. In Mumbai, Ryna Karani takes the lead on corporate and commercial transactions and contracts, as well as entity structuring and operational issues, and Statira Ranina offers notable tax structuring expertise in corporate deals.
Other key lawyers:
‘Firm with about 20 partners each an expert in their own field. clients can get a package of services under one roof.’
‘Thorough knowledge of the subject and availability and understanding of the client requirements.’
Institute of Physics UK and India
Karvy Financial Services Limited
Sanghvi Beauty & Technologies Private Limited
Taurus Armas S.A
Tenax India Stone Products Private Limited
Virtusa Consulting Services Private Limited and Virtusa Systems (India) Private Limited
- Advised Luxeva India Private Limited, a wholly owned subsidiary of Sanghvi Technologies Private Limited, on its acquisition of Vidooly Media Tech Private Limited.
- Advised Luxeva India Private Limited, a wholly owned subsidiary of Sanghvi Technologies Private Limited, in its acquisition of Boven Technologies Private Limited.
Chadha & Co
With standout global clients including Hitachi, Chadha & Co is a strong choice for international business making cross-border investments and establishing operations in India, with Japanese, French, and Chinese foreign desks, among others, allowing the firm to act for clients across a broad range of jurisdictions and industries. Other clients of the firm include SMEs and major businesses in sectors such as automobiles, healthcare, mining, and energy. The New Dehli-based practice is led by managing partners Rahul Chadha, a regular board-level advisor to multinationals, and Namita Chadha, alongside Ashish Gupta, who handles M&A, joint ventures, foreign collaborations, and commercial issues, and Neeraj Prakash, who has expertise in FDI and the setting up of foreign operations in India.
Hitachi Ltd Japan
Hitachi Power Europe GmbH
Skootr Finsave Private Limited
Skandinaviska Enskilda Banken (Denmark)
Life Project 4 Youth
Long Arc Capital, New York
PE Geometry AB/PE Geometry India Private Limited
Swedish Chamber of Commerce India
Got Design AB/ Got Design India Private Limited
Shougang Group Co., Ltd.
EG Power Electronics (India) Private Limited
Shindengen Electric Manufacturing Co. Ltd.
GHESA Ingenieria y Tecnologia, S.A.
- Advised Ciena group on the Indian leg of the transaction pertaining to the global restructuring of Ciena group.
- Advised Hitachi Power Europe GmbH on day-to-day contractual issues involving HPE’s joint venture partner in India and NTPC.
With a client base spanning a diverse range of industries and including individual investors, SMEs, and major international businesses, Clasis Law provides support on M&A and joint ventures, commercial contracts, corporate governance and advisory issues, as well as offering strong capabilities in incorporation and entry options for foreign clients, including associated regulatory and foreign exchange issues. The practice is led from New Dehli by managing partner Vineet Aneja, whose sector focuses include medical devices, media, and manufacturing, alongside compliance and regulatory specialist Neetika Ahuja and Vikram Bhargava. Also in New Dehli, Dinesh Gupta is noted for his restructuring expertise.
Other key lawyers:
Fox Mandal & Associates
Fox Mandal & Associates advises domestic and international clients on transactions, including due diligence and regulatory issues, as well as the formation and operation of businesses in India. The team also handles contracts and other commercial considerations, and strengthened its M&A capabilities with the addition of Bengalaru-based Krishnan Murali, who arrived from a consultancy position in April 2022. Sector focuses for the team include energy, software and applications, logistics, and e-commerce. A broad nationwide team features a number of leading names, including Jeevanandham Rajagopal in Chennai, Sathya Prasad T and Rajesh Vellakkat in Bengalaru, Hyderabad’s Purnima Kamble , Orijit Chatterjee in Kolkata, Shourya Mandal, based between Kolkata and New Dehli, and Mumbai-based Shuva Mandal.
Shuva Mandal; Jeevanandham Rajagopal; Purnima Kamble; Sathya Prasad T; Rajesh Vellakkat; Shyamal Mukherjee
Other key lawyers:
‘The Firm’s advice is a blend of legal position and business requirements. This makes the Firm unique. They update themselves with industry practice and give practical advice ensuring adherence to law.’
‘All the partners whom we interact with FM team are friendly. Would like to specify Jeevanandam Rajagopal who is handling most of our matters. Connections with Law Firms practicing abroad, particularly in US and EU, overall competency and practical solutions to any problem that we seek advice differentiates Jeeva from others.’
‘Deep relationships with counsels, experience in our market, open and relaxed communication style’
‘Orijit Chatterjee worked most closely with us. He stood out with his detailed engagement in the particulars of each stage of the discussion, and close coordination with our counsels.
‘Shourya Mandal stewarded the process well, giving clear high level guidance from the start of the engagement.’
‘Fox Mandal offers the full range of services from due dilligence to deal closure thus, sparing the effort, cost and time to coordinate the inputs and the advice of different service providers.’
‘Jeevanandham Rajagopal, Partner is outstanding lawyer. His outstanding competence in different legal areas and his ability to advise on the deal design and risk mitigation are impressive. This coupled with his open communication style, negotiation proficiency and sensitivity to cultural differences between the business partner makes him a great support in a challenging transaction.
‘Shruthi Sekar, Associate is a young lawyer with broad understanding of the legal background of the transaction and the specifics of the deal and of the parties to it. Her timely support and legal clarifications were highly helpful and highly appreciated.’
E2open Software India Private Limited
Veego Pharma, LLC
Plaza Premium Group
Vajro India Private Limited
Kaar Technologies Private Limited
Lankasri India Private Limited
Karnataka State Cricket Association
Adamas Clinical Quality Consulting Pvt Ltd.
Baring Pvt. Equity Investment Managers LLP
GLOBALS ITES PRIVATE LIMITED
LIVING FOOD CO PRIVATE LIMITED
IVIS International Pvt. Ltd.
Sensit Technologies LLC
- Advising Veego on obtaining the approval for delisting the equity shares of Somerset Therapeutics Limited (formerly Wintac Limited) to infuse funding of up to 500 Crores.
- Advised Magellanic Cloud Limited on the cquisition of IVIS International Pvt. Ltd (“IVIS”) and its sister entity Provigil Surveillance Limited (“Provigil”).
- Advising Plaza Premium Group on a transaction in the airport hospitality sector.
HSA Advocates advises listed and unlisted companies, financial institutions, and government bodies on corporate and commercial considerations, including cross-border transactions, joint ventures, commercial contracts, and corporate reorganisations. The firm has strong sector focuses on areas including consumer goods and retail, mining and infrastructure, finance, and healthcare, with practice head Soumya Kanti De Mallik offering significant labour and employment expertise in complex corporate mandates. Jivesh Chandrayan is a regular advisor to international conglomerates and business groups, while Monali Dutta is active within the TMT space. All lawyers mentioned are in New Dehli.
Soumya Kanti De Mallik
Other key lawyers:
Hemant Sahai; Sunando Mukherjee; Jivesh Chandrayan; Monali Dutta
Byte learn EdTech
DS Group and affiliates
GATX India Private Limited
TSI (India) Private Limited
NICDC – National Industrial Corridor Development Corpn Ltd
Expo Digital India
Airport Authority of India
Quippo Telecom Infrastructure
- Advised Greaves Electric Mobility Private Limited on its strategic investment in MLR Auto Limited.
- Advised Assystem on the acquisition of the entire shareholding of STUP, an engineering and project management consultancy with over 1000 employees and consultants, and purchase of the business undertaking of affiliate SDF.
Krishnamurthy and Co
Krishnamurthy and Co advises on domestic and cross-border M&A across a broad range of industries, with clients including major Indian conglomerates, international businesses and private equity investors, as well as promoters and founder-owned businesses. Alongside its active transactional offering, the firm also acts for a number of long-term clients on ongoing corporate and operational issues, including governance and commercial contracts matters. The practice is led by firm founder Naina Krishna Murthy, a regular advisor to high-profile clients on M&A and joint ventures, with managing partner Shwetambari Rao in Bengaluru also a key member of the team, focusing particularly on high-value transactions relating to structuring and setting up of business operations in India, alongside Rukmini Roychowdhury, who combines continuous corporate and commercial retainer advice to firms with an active M&A and private equity practice. Lawyers are in Mumbai unless otherwise indicated.
Naina Krishna Murthy
Other key lawyers:
Shwetambari Rao; Rukmini Roychowdhury; Christopher Rao; Puneet Prabhakar; Rohaneel Mohite
Biocon Biologics Limited
Reliance Industries Limited
Axis Bank Limited
Akna Medical Private Limited
JSW Infrastructure Limited
Mitsui & Co.
Manish Malhotra and his couture brand, MM Styles Pvt Ltd.
InCred Capital Financial Services Private Limited and InCred group entities
NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN
ANSR Global Corporation Private Limited
Reliance Digital Health Limited
Intellecap Advisory Services Private Limited, a Aavishkaar Group entity
One Media 3.0, LLC
Aces India Private Limited
- Advised Biocon Biologics Limited on its strategic alliance with Serum Institute of Sciences for an approx. consideration of USD 735 Million.
- Advised Reliance Industries Limited in its acquisition of a 40% stake in SWSL.
- Advised Akna Medical Private Limited on the structured staggered acquisition by API Holdings Private Limited of a 100% stake in Aknamed.
LexCounsel in New Dehli focuses on advising domestic and international businesses and investors on transactions, investments, and business structuring matters, with strength in cross-border deals, including those involving Chinese and US parties. The firm is also active on regulatory matters and foreign exchange issues. Key names in the team include Seema Jhingan , who is highly experienced in the education sector, and Dimpy Mohanty, noted for her work in the not-for-profit space, including associated regulatory and governance issues.
Other key lawyers:
Seema Jinghan; Dimpy Mohanty
P&A Law Offices
Heavily focused on complex domestic and cross-border transactions of significant value, P&A Law Offices advises a diverse range of corporates alongside private equity investors on M&A, distressed transactions and restructuring matters, joint ventures, and associated regulatory and competition aspects of multijurisdictional deals. The team includes internationally experienced lawyers, such as US-qualified managing partner and M&A specialist Anand Pathak, and also enjoys productive relationships with foreign law firms in the US, UK, and Europe, allowing it to handle cross-border deals in diverse jurisdictions. Other key members of the team include Harsh Kumar, noted for his work with Indian start-ups and unicorns on corporate transactions and commercial agreements, Mumbai-based Nabik Syam, who combines M&A, financing, and litigation expertise, and Shashank Gautam, who works with clients in a wide range of industries including chemicals and retail and specialises in transactions with significant domestic and cross-border competition elements. Lawyers are in New Dehli unless otherwise stated.
Anand Pathak; Shashank Gautam; Harsh Kumar; Nabik Syam
Infrastructure Leasing & Financial Services Limited (IL&FS)
General Motors India Private Limited
Tata Steel BSL
Vahdam Tea Private Limited
Targetone Innovations Private Limited
Naturell (India) Private
- Advised the re-constituted board and management of Infrastructure Leasing & Financial Services Limited on the bidding process for the asset level resolution and other monetization measures to resolve its outstanding debt of over INR 990 Billion.
Singhania & Partners LLP
Singhania & Partners LLP is noted for its regular role in cross-border M&A and commercial agreements, advising on Indian law elements of multijurisdictional transactions, encompassing regulatory and foreign exchange issues, due diligence, and employment issues. The firm is active in spaces such as healthcare and technology, as well as manufacturing and financial services, and also has a strong record in private equity and venture capital work. Key names in the team include managing partner Ravi Singhania, a deeply experienced M&A practitioner with a strong reputation within the space, life sciences and technology-focused Dipak Rao, Manish Kumar Sharma, who combines transactional and insolvency expertise, emerging name Gunjan Gupta, noted for her work on M&A and broader corporate governance issues, and Bengalaru-based Shilpa Shah. All lawyers are in New Dehli unless otherwise stated.
Ravi Singhania; Shilpa Shah; Dipak Rao; Manish Kumar Sharma; Gunjan Gupta
‘The team at Singhania was extremely responsive and very knowledgeable regarding the discrete issues related to Indian law which were involved in a larger acquisition.’
‘The Signhania team was collaborative and very easy to work with. In addition, their work was thorough, efficient, and done within budget.’
Novo Tellus Capital Partners Pte. Limited
Achieve Partners Management, LLC
KOS SpA Italy
AML RightSource LLC
Serendipity Partners LLC
Inmarsat India Private Limited
Kamic Group AB
Bioculture (Mauritius) Limited
Ness Technologies (India) Private Limited
ABB Power Products and Systems India Limited
Revathi Equipment Limited
Sembcorp Green Infra Limited
Grofers India Private Limited
- Assisted Inmarsat in obtaining an IFMC licence from the Department of Telecommunications (DoT) and obtaining FDI approval from the Reserve Bank of India (RBI) and the Department of Telecommunications (DoT), as well as successfully drafting an MoU with Bharat Sanchar Nigam Limited (BSNL).
- Advised Kamic Group AB in the successful global purchase of Talema Group, doing legal due diligence, pursuing acquisition of shares through effective negotiations, and preparing and closing the SPA for 12 million EUR.
- Advised ABBPSIL on resolving technical concerns with the Investor Education and Protection Fund Authority’s equity shares.
Spice Route Legal
The ‘collaborative‘ and ‘responsive‘ team at Spice Route Legal has continued to expand its presence in the M&A space, increasingly active on upper mid-market transactions and complex cross-border deals and restructuring arrangements for clients in its focus areas of life sciences, TMT, and sustainable energy and beyond. The team regularly collaborates with international firms in work for multijurisdictional clients as well as Indian companies investing and establishing operations abroad, and is led by Mumbai-based Praveen Raju, a specialist in cross-border M&A, and technology and media-focused Mathew Chacko, based in Bengalaru. At senior associate level, Kochi’s Renuka Abraham is noted for her life sciences expertise, Bengalaru-based Nikhil Joseph specialises in advising US companies investing in India, and Mumbai’s Janhavi Joshi focuses on deals involving new and alternative forms of energy.
Praveen Raju; Mathew Chacko
Other key lawyers:
Renuka Abraham; Nikhil Joseph; Janhavi Joshi
‘Mathew Chacko, Nikhil Joseph- excellent lawyers, well versed with Indian laws, commercial issues, practical advice and anticipate issues, able to provide solutions where legally available’
‘Mathew Chacko- outstanding , experienced and handles wide range of legal areas- has depth of knowledge and practical advice Nikhil Joseph- pro-active, sharp , hardworking and enthusiastic. understands the issues and provided practical solutions’
‘Very responsive team. Collaborative and good to work with.’
‘Praveen Rajiv and Matthew Chacko are great operators. They have good teams and provide very responsive advice to clients. Our experience is that they have particularly good experience and expertise in the technology sector.’
‘Knowledge, appropriate staffing and discipline – some of the key virtues.. to ensure quality service they have ended up refusing mandates when there are bandwidth issues; giving full justice to the work assigned and fighting hard to protect client interest (this includes fighting with the client as well.’
‘Dedicated focus and attention. partners have been spending ample time and leading the negotiations from the front.’
‘Praveen has been our go-to person for all legal matters.’
‘Spice Route Legal is a unique gem. They are strategic, business-minded thinkers who are able to provide practical solutions. They are flexible and able to incorporate complexities of US-governed entities. They respond at all hours of the day and night and are highly-skilled. They treat me as if I am their only client, when I know they have many. The partners also place a great emphasis on diversity in hiring outstanding women to be part of their team.’
Brandenburg India Private Limited
Indian Power Corporation Limited (IPCL)
Ohmium International Inc.
Savex Technologies Pvt Ltd
Shareholder of ANI Technologies (OLA Cabs)
SunEdison Infrastructure (Restructuring advisory)
SunEdison Infrastructure (Investments + SEBI advisory)
- Assisted Savex Technologies, a $2 billion corporation with acquiring a stake in Inflow Technologies.
- Advising Indian Power Corporation Limited on its US$176 million bid in response to the Indian government’s request for proposals to scale up ACC battery cell manufacturing in India.
- Advising SunEdison Infrastructure on a complex restructuring, involving the hive-off of several businesses and re-domiciling to the UK.
With a nationwide reach, Tatva Legal handles M&A, entry strategies, wind-ups, and corporate governance issues for a broad range of clients in sectors such as agriculture, automotives, energy, and technology. The firm advises domestic and international players, and is also able to offer integrated commercial law and financing expertise on complex mandates. Key names in the team include Bengalaru managing partner Dilip N.K, who advises on corporate transactions, financing, and private equity matters, Avinash Mody in New Dehli, a leading figure for M&A and entry strategies, Mumbai’s Anu Iyer, who has a notable focus on the media and telecoms space, and Chennai-based Santosh Ukkur.
AbhiBus Services (India) Private Limited
Actis Technologies Private Limited
CARE Hospitals India
CtrlS Datacenters Limited
Eclat Health Solutions India Private Limited
Polimeraas Private Limited
Suven Pharmaceuticals Limited
Varsity Education Management Private Limited and its Promoters
Eclat Health Solutions Pvt. Ltd.
Indegene Private Limited
DRA Projects Pvt. Ltd.
Knowledgehut Solutions Pvt. Ltd.
Kairus Dadachanji and Shapoor Mistry
MV Core Tech Fund- I – a scheme of MELA VENTURES
HDFC Capital Advisors Limited
- Advised Varsity Education and its Promoters on acquisition of New Silk Route’s stake in Varsity Education.
- Represented Actis in its proposed acquisition (worth $200 million) of a life sciences realty platform, Rx Propellant.
- Advised CtrlS on (a) its acquisition /setting up of data centers in Mumbai, Bangalore and Chennai, a 1000-acre solar farm to power its data centers; (b) its transactions with multiple data center clients; and (c) its investments in various entities.
Boutique firm Veritas Legal focuses on M&A for domestic and international clients, advising corporates and private equity investors on transactions in a variety of industries, including pharmaceuticals, real estate, and retail. The team has a strong record in cross-border transactions, including associated regulatory and employment elements. Abhijit Joshi heads up the Mumbai-based practice, focusing on pharma and healthcare deals, while Kunal Doshi handles M&A and corporate governance issues. In November 2021, the firm promoted three new female partners in Kanisha Vora, who has a notable focus on ESG issues, Natasha Sethna, a regular advisor to private equity investors, and Somrita Chatterji, who handles work in the retail and e-commerce sectors.
Other key lawyers:
Manav Raheja; Kunal Doshi; Kanisha Vora; Natasha Sethna; Somrita Chatterji
‘Abhijit Joshi is top notch.’
‘Veritas Legal is extremely focused in first understanding the issue in its entirety and giving very practical, honest yet ‘out of the box’ solutions.’
‘The Veritas team is comprehensive in giving the right advice after understanding the position of the client. They are also very humane and have an important emotional quotient in their interaction.’
‘Very attentive and practical approach. Good sense of clients need and the businesses involved. Working with Veritas Legal provides you with both the map and the compass for the Indian legal landscape.’
‘Abhijit Joshi and Kunal Doshi are both truly experienced and attentive with a sound and pragmatic business-minded approach. They have many years of experience from working with Northern European clients, who highly appreciate their advice.’
Abu Jani and Sandeep Khosla
Universal Medicare Private Limited
- Acted for and advised Abu Jani Sandeep Khosla, and its partners Abu Jani and Sandeep Khosla, in relation to the joint venture partnership with Reliance Brands Limited.
- Acted for and advised one of the family groups involved in relation to the restructuring of the TVS Group pursuant to which a scheme of amalgamation was approved by the NCLT.
- Advised FedEx on their equity investment of approximately US$100 million in Delhivery Private Limited.
ATLAS LAW PARTNERS
Led from New Dehli by Niti Paul, ATLAS LAW PARTNERS focuses on complex, often cross-border M&A, equity investments, joint ventures, and business wind-ups, with a strong record in Takeover Code and regulatory issues. Clients include a broad range of corporates, including businesses in the real estate, manufacturing, and technology spaces, alongside private equity investors. Also based in New Dehli, Harry Chawla is a key member of the team, particularly active in the financing and real estate spaces.
Other key lawyers:
Krrish Realty Group
Euramco Holding GmbH
Kunshan QTech Microelectronics (India) Private Limited
IFFCO (Indian Farmers Fertilizers Cooperative Ltd.)
Emaar India Limited
Shyam Spectra Private Limited
EZ Games Digital Technology Co Ltd.
Oppo India Private Limited
Indo German Energy Forum- Deutsche Gesellschaft fur
Internationale Zusammenarbeit GmbH
- Advised M3M Construction Private Limited in acquisition of Loon Land Development Limited.
- Advised M3M India Private Limited in the acquisition of a land owning company.
Chandhiok & Mahajan, Advocates and Solicitors
Chandhiok & Mahajan, Advocates and Solicitors offers a partner-led service to major domestic and international clients, including multinational businesses in sectors such as electronics, manufacturing, and financial services, as well as private equity investors, handling cross-border deals of significant complexity and value, alongside equity investments and corporate structuring matters. The firm’s international expertise includes regular engagement with US-domiciled clients as well as work with Korean and Singaporean businesses. The practice is led by Sujoy Bhatia, who focuses on corporate and commercial issues, including M&A, joint ventures, and contracts, while Kaushalya Venkataraman is an active private equity and venture capital dealmaker who also has a strong footprint in corporate M&A. Lovejeet Singh was promoted to partner in April 2022, and is noted for his work on industry verticals. All lawyers mentioned are primarily based in New Dehli.
Other key lawyers:
Kaushalya Venkataraman; Lovejeet Singh
‘The team is responsive and professional, and completes transactions in an efficient manner.’
SIG Venture Captial
Clariant India Limited
Indorama Ventures Global Services Ltd
Ideas42 US/ Ideas42 India Private Limited
US Chamber of Commerce
EM3 Agriservices Private Limited
Pernod Ricard India Private Limited
MG Motor India Private Limited
Tata Consumer Products GB Limited
Sify Technologies Limited
- Advised Clariant International Ltd. in setting up a joint venture with India Glycols Limited in India.
- Advised Indorama India Private Limited and Indorama Corporation Pte Ltd on the acquisition of Grasim Industries Limited’s fertiliser business.
Dua Associates advises a global client base on transactions- including cross-border investments and joint ventures- as well as on broader corporate law and governance issues such as contract law, restructurings, and foreign exchange law. The firm has a nationwide reach, and includes key team members with international experience and expertise across a broad range of corporate, regulatory, and financing issues. Practice leads include the highly experienced Neeraj Kumar in New Dehli, with Salil Gulati also a key name in New Dehli, Gurugram-based Shishir Sharma and Sita Khosla, Anish Ghoshal in Mumbai, Manoj Menon in Bengalaru, and Chandigarh-based Siddhartha Kumar.
Neeraj Kumar; Shishir Sharma; Sita Khosla; Anish Ghoshal; Manoj Menon; Siddhartha Kumar
Other key lawyers:
Desay S V Automotive Singapore Pte Ltd ( Desay)
TVS Motor Company Limited (TVS Motor)
TVS Motor Company Limited and TVS Singapore (TVS Motor)
SNP SE , Germany (SNP)
Blaser Swisslube India Private Limited (Blaser Swisslube)
Fourth Partner Energy Private Ltd
Edwards Limited, a group entity of Atlas Copco,
Hughes Communications India Private Ltd (HCIPL)
Ritika Private Limited
DCM Shriram Industries Ltd (DSIL)
Kotak Securities Limited
Lease Plan India
- Advised Ritika Private Limited in its 52% equity acquisition by Reliance Retail.
- Advised DCM Shriram Industries Ltd on its JV agreement with Turkish company ZyrOne Dynamics for manufacture and marketing of UAVs in India.
- Advised TVS Motor on its further increase in stake (shares purchase) in TVS Supply Chain Solutions Limited by purchase of shares from Dhinrama Mobility Solution Private Limited.
Economic Laws Practice
Economic Laws Practice prioritises complex corporate M&A and private equity deals, including arrangements such as stock and asset transfers, demergers, minority investments, and buyouts, as well as supporting clients, which include private equity funds and businesses in sectors such as manufacturing, telecoms, and logistics, throughout corporates reorganisations, regulatory and compliance issues, and commercial contract negotiations. The team was bolstered with the arrival of co-head Yashojit Mitra and director Devyani Singh from Cyril Amarchand Mangaldas in August and December 2021 respectively, with both new recruits having a strong record in multijurisdictional transactions for business ranging from start-ups through to major multinationals, as well as maintaining active fund-side practices. Elsewhere, Suhail Nathani and Sujjain Talwar continue to co-head the team, while New Dehli’s Abhishek Sanyal is another key figure for transactional work. Lawyers are in Mumbai unless otherwise stated.
Suhail Nathani; Sujjain Talwar; Yashojit Mitra
Other key lawyers:
Devyani Singh; Abhishek Sanyal
Rivendell PE LLC and Ascend Telecom Holding Mauritius, LLC (NSR Entities)
Shree Sidhbali Ispat Limited and Merlin Towers Private Limited
India International Bullion Holding IFSC Limited
Transworld Group (Transworld)
Johnson Controls Inc.
Syrma Technology Private Limited
Sears Holdings Corporation, a corporation incorporated under the laws of Delaware, United States of America (Sears US)
CXIO Technologies Private Limited (Cloudxchange.io)
Promoters (namely, Sakarwadi Trading Company Private Limited, Somaiya Agencies Private Limited, Godavari Biorefineries Limited and Jasmine Trading Company Private Limited) of Pentokey Organy (India) Limited, a company listed on BSE
Anglo French Drugs & Industries Limited
Precious Trading & Investments Limited and Sheth Developers Private Limited
Bharat Forge Limited
Piramal Enterprises Limited (Piramal)
Larsen and Toubro Limited
R-Pac International Holding Co LLC
WTI Innovation LLC
- Advised Transworld in relation to its transaction with Unifeeder ISC FZCO (Unifeeder).
- Advised Piramal Enterprises in its acquisition of 100% of shares in Hemmo Pharmaceuticals Private Limited (Company) by way of share transfer.
- Assisted R-pac International in a restructuring exercise regarding strategic partnership involving an investment from affiliates of American Securities to support the continued growth and global expansion of r-pac International.
Juris Corp has seen a development in its offering, with Neeraj Dubey joining the firm in December 2021 from Singh & Associates, New Dehli-based Namrta Rai arriving in from Dhir & Dhir Associates in January 2022, and Bindiya Raichura arriving in April 2022. The three new arrivals co-lead the team alongside Jayesh H and counsel Sumitava Basu, and contribute to an offering that encompasses domestic and cross-border M&A, project structuring, commercial agreements, corporate governance issues, and complex regulatory issues relating to data protection, technology, and crypto, among others. Clients include growth companies, SMEs, and large corporates, with the firm focusing on areas including renewable energy, insurance, media, and education. Previous team leaders Avikshit Moral and Arunabh Choudhary left the firm in October and December 2021 respectively. Lawyers are in Mumbai unless otherwise stated.
Jayesh H; Bindiya Raichura; Neeraj Dubey; Namrta Rai; Sumitava Basu
‘Juris Corp is a good law firm for Corporate and M&A practice which is headed by Jayesh and team. JC believes in giving personal attention to the needs of the client and reach out in the best possible manner.’
‘Team is ably headed by Ms. Namrta Rai who possess hands on experience in Corporate and M&A practice. Namrta goes about the job in a professional manner and ensure that she covers all the facets of the transaction to give the client a 360 degree view.’
Theratraq India Private Limited
Antwalk Private Limited
Notesgen Technologies Private Limited
Royal Bank of Canada
Arth Padarth Factors And Finance Private Limited
- Advised Royal Bank of Canada in relation to entering into transactions for the trade of precious metal in India with an Indian entity.
- Advised Theratraq India Private Limited in execution of share transfer agreement between its shareholder and SAI Med Partners Europe GmbH.
- Advised Antwalk in their Series A investment of around USD 8 million from two institutional investors in the US.
Lakshmikumaran & Sridharan
Lakshmikumaran & Sridharan advises companies on the establishment and operation of business in India, encompassing entry strategy, incorporation and structuring, governance, and corporate transactions. Clients include a number of domestic international players in the fields of private equity, retail, and financial services. The team is led by Badri Narayanan , whose areas of expertise include commercial e-commerce and software matters, alongside Mathivanan N. Sudish Sharma takes the lead on corporate and transactional work, and Gaurav Dayal regularly works with private equity clients. All lawyers mentioned are based in New Dehli.
Badri Narayanan; Mathivanan N.
Other key lawyers:
Sudish Sharma; Gaurav Dayal; Kunal Arora; Hemant Krishna; Noorul Hassan; Asish Philip
OJI Holdings Corporation (OJI)
Alphavector (India) Private Limited
High Eximpetro Private Limited
IndiaMart InterMesh Limited
Daskalos Virtual Academy Private Limited
Muse Diagnostics Private Limited
Supply Chain Labs
Harvard Edtech Limited
Belgacom International Carrier Services Asia Pte Ltd.
- Advised Oji Holding Corporation in a transaction including spearheading of due diligence of Empire.
- Advised High Eximpetro on a transaction involving assistance from Indian law perspectives on regulatory aspects drafting of share sale and purchase agreements, joint venture agreements and other transaction documents and negotiation of transaction documents.
- Advised Belgacom International Carrier Services Asia Pte Ltd on end-to-end transaction advisory for the acquisition process, along with conducting a legal due-diligence.
Lumiere Law Partners
Lumiere Law Partners advises a variety of clients in fields including media, e-commerce, trading, manufacturing, and energy, handling domestic and cross border matters such as M&A, joint ventures, and commercial contracts. The firm also advises on cross-border regulatory and due diligence issues, with strong knowledge of RBI regulations among others. The team is led by Probal Bhaduri, a regular advisor on M&A and private equity transactions, Nidhi Arora and Nishant Arora, all based in New Dehli, and from Mumbai by experienced M&A and securities lawyer Vihang Virkar alongside Monika Deshmukh.
Vihang Virkar; Probal Bhaduri; Monika Deshmukh; Nidhi Arora; Nishant Arora
MiTAC Holdings Corporation
Legrand France SA
Folmer Management Oy
Zeon Electric Private Limited
Foton Motors Manufacturing Private Limited
Tinkoff Bank AO
Glovis India Private Limited
Hitachi Payment Services Private Limited
PPS Motors Private Limited
Lloyd’s Register Group Services Limited
Daerim International Co. Ltd
Prestige Estates Projects Limited
Union Internationale des Transports Publics
New Century Sofa India Private Limited
Wonder Cement Limited
SSC Medical and Educational Trust
John Wood Group PLC
D2C Consulting Services Private Limited (Renewbuy)
Unispace Singapore Pte Ltd.
Shalimar Paints Limited
Max Healthcare Institute Limited
Piramal Capital and Housing Finance Limited
Clipper Global SA
Globela Pharma Private Limited
- Assisted Toyo Aluminium K.K. in the acquisition of a majority stake in Svam Toyal Packaging Industries Private Limited.
- Advised Shalimar Paints Limited in raising an investment of approximately 270 crores ($ 34 Million approx.) from Hella Infra Market Private Limited.
- Advised Upscalio India Private Limited in relation with acquisition of majority stake in Green Soul Ergonomics Private Limited.
Nishith Desai Associates
Nishith Desai Associates advises on complex M&A and private equity transactions, including cross-border mandates with significant regulatory and corporate governance aspects. The firm also offers broad sector-specific and tax expertise, as well as multijurisdictional capabilities- practice co-head Vaibhav Parikh is based in New York and also spends time in the Bengalaru office, accordingly regularly handling work on behalf of US clients investing in Africa. Other leaders in the team include Nishchal Joshipura, an active dealmaker across public M&A and private equity, Harshita Srivastava, who regularly advises private equity and venture capital clients, and has a strong focus on growth capital and early-stage investments. Lawyers are based in Mumbai unless otherwise stated.
Vaibhav Parikh; Nishchal Joshipura; Harshita Srivastava
Other key lawyers:
Khyati Dalal; Aarushi Jain
‘Proactive approach. Team very effective in their advice and approach.’
‘Good industry knowledge. Take a proactive approach in their counsel and legal work.’
‘Aarushi Jain is a higher education expert. Her knowledge is tremendous. And her responsiveness and practical approach keep her on speed dial for clients.’
GIC (Government of Singapore)
British Columbia Investment Management Corporation
American International Group, Inc. (AIG)
Teachers Insurance and Annuity Association of America (TIAA)
Kion AG-Dematic Corporation
Tiger Global Management, LLC
Madison India Capital
- Represented ReNew Power on its restructuring and subsequent listing on NASDAQ through merger via SPAC route at an enterprise valuation of USD 8 billion.
- Represented AIG on underwriting a W&I insurance with respect to the acquisition by Carlyle of shares of Hexaware Technologies Limited from Baring Private Equity.
- Represented Westbridge Capital in its acquisition of shares in Star Health Insurance worth market value of USD 400 million and assisted Westbridge Capital in selling its shares during Offer For Sale during IPO of Star Health Insurance.
S&A Law Offices
S&A Law Offices works closely with corporate clients on broad advisory issues, corporate governance, restructurings, and regulatory issues, with particularly strong capabilities in matters relating to the Insolvency and Bankruptcy Code and Companies Act. Active on behalf of a wide range of domestic clients, the firm has a nationwide reach, able to handle complex matters, including contentious issues. The team is led from New Dehli by Manoj Kumar Singh , an experienced litigator and arbitrator with a focus on corporate restructuring work, and senior partner Daizy Chawla , who advises on cross-border corporate governance, restructuring, and incorporation matters.
Daizy Chawla ; Manoj Kumar Singh
‘Great collaboration, quick responses.’
‘Daizy Chawla is a highly competent and qualified lawyer helping us to recover significant debts, money which would have been lost without her support.’
Gupshup Technology India Private Limited
The Infravision Foundation
Pactera Technologies India Private Limited
Fircosoft India Private Limited
Foundation of Arts
Sennheiser Electronics India Private Limited
Ashlar Law is active on behalf of a wide range of international clients, with strong capabilities in externalisation and domiciling matters, as well as working with both domestic and foreign clients on cross-border M&A, investments, and tax structuring matters. The firm combines its growing corporate and M&A platform with long-standing expertise in the funds space, primarily acting for angel investors and venture capital funds in early-stage investments, s well as advising start-ups and unicorns on growth investments and strategic acquisitions. The Mumbai-based team is headed up by Souvik Bhadra and Pingal Khan, who both have considerable cross-border transactional and regulatory expertise.
Souvik Bhadra; Pingal Khan
‘We used the firm for our seed round investment. It was a complex transaction with the US and Indian laws involved. Firm helped us with all the aspects of closing and worked with us in all the aspects to get the closing done.’
‘I valued the knowledge, prior experience on similar deals, work ethics, ability to point out and balance multiple parties expectations. I would recommend Mr. Pingal Khan to anyone who is looking to get similar deals done.’
‘Knowledgeable and balanced. Client centric.’
‘Passionate, hard working and extremely client focused.’
‘Ashlar Law have been a safe pair of hands for several years in the Corporate/M&A space. They combine a sound knowledge of the law with commercial nous, so as to be able to provide tailored legal advice in accordance with the needs of the situation. This is of particular relevance when it comes to start-up clients, who have immensely benefited in this regard.’
‘Partners Souvik Bhadra and Pingal Khan are both lawyers who possess a sound knowledge of the law coupled with the awareness that certain occasions may require counsel to be a bit more commercial than others when it comes to legal advice.’
‘What makes the team unique is their sharp insights and out of box thinking and approach. They work closely with the product and tech team. In the evolving landscape, technology and legal compliance are going to get entangled and there is a strong need for techno-legal innovations. Ashlar law suggested us the use of visual contract for data privacy which has got us a good traction from our partners. The approach though simple is a landmark in the way data privacy clauses are embedded and explained to the end customers and has potential to scale.’
‘Pingal Khan is the stand out individual who has been incisive in his approach and takes the route most of the legal firms try to avoid. The majority of legal firms and partners focus on avoiding a legal hassle. Pingal pushes the envelope and goes beyond the regular routine ways which is very important in the way technology is affecting the socio-cultural setup. He has the ability to think through and bring references to previous judgments that help organise thought process of the design team. This deep thinking and enablement with client is highly valuable.’
WTW ( Willis Towers Watson)
A5G Networks Inc
Allied ICD Services Ltd.
MSD India (Merck Sharp & Dohme Ltd.)
Organon (India) Pvt. Ltd.
Sun Pharmaceuticals Industries Ltd.
Standard Chartered Bank
Jupiter Wagon Pvt. Ltd.
Jupiter Electricity Mobility Pvt. Ltd.
MAVM Angels Network Pvt. Ltd.
Avas Living Alibaug LLP
- Advised Jupiter Electric Mobility Pvt. Ltd. in their joint venture with GreenPower Pvt. Ltd.
- Advised Curefit Group on the acquisition of Azani along with the wholly owned subsidiary Relentless Sports Private Limited.
- Advised MAVM Angels Network Pvt. Ltd, existing investors in BluSmart Mobility, as they re-invested along with primary investment by BP Technology Vendors Ltd. and other investors, in BluSmart Mobility.
Dhir & Dhir Associates
Alongside advising energy companies and private equity investors on M&A, Dhir & Dhir Associates is also highly active in the ESG space, providing both ongoing compliance and strategic advice to corporate clients, as well as handling due diligence and environmental risk aspects of transactions and partnering with businesses and organisations to follow developments in environmental and governance issues. The practice is headed up by Alok Dhir, an experienced transactional and restructuring advisor, Guranpreet Singh Sarna, Mumbai-based regulatory and compliance specialist Sonal Verma, who counts major international companies and Indian unicorns among his key clients, and Purusharth Singh, who joined the firm in June 2021 from an in-house position and has broad expertise across commercial and financing transactions. Lawyers are in New Dehli unless otherwise stated.
Alok Dhir; Guranpreet Singh Sarna; Sonal Verma; Purusharth Singh
‘One of the best approach to understand the criticality of matter. People, diversity and collaboration is highly appreciated.’
Blue Dart Express Limited
Greaves Cotton Limited
Orient Cement Limited
Orient Electric Limited
Snooplay India Private Limited
- Advised advised Blue Dart Express Limited on its ESG journey and assisted with drafting of the BRR and ESG landscape of the Company as part of its annual report.
- Entire ESG Mandate for – Advised Orient Cement Limited on its ESG journey and drafted the ESG landscape of the Company.
- Conducted an ESG Assessment to evaluate Orient Electric Limited’s ESG alignment for the year.
Gagrats advises a range of foreign and Indian corporates and international organizations on the gamut of corporate matters including acquisitions, disposals and business transfer agreements. It serves clients in a wide range of sectors from consumer products, hospitality and healthcare to engineering and pharmaceuticals. The firm is led by founding partner Rustam Gagrat.
Hammurabi & Solomon Partners
Hammurabi & Solomon Partners advises clients on cross-border M&A, joint ventures, and commercial agreements, regularly handling Indian elements of multijurisdictional deals and contracts, as well as advising on regulatory and corporate governance issues. Clients include SMEs, large companies, and private equity investors, both domestic and international. The practice is led by Manoj Kumar, who has a strong record in FDI and cross-border transactional work.
Other key lawyers:
‘We have retained Hammurabi & Solomon Partners on several occasions to assist us in establishing and assisting our organisation’s growth. In all matters, the firm provided us with excellent value and timely delivery.’
‘Dr Kumar has been a trusted adviser and legal counsel to us. He is reliably thoughtful and works hard to give the right amount of advice based on the long-term value of the project.’
- Advised JBM Auto in one of the most critical and high worth deals of the client pertaining to its Joint-Venture with Solaris including all negotiation, drafting and arrangements for the deal.
- Advising CueMath on assisting, strategizing and negotiating all terms of the one of the fastest-growing online Mathematic platform in its Delaware Incorporation.
- Advising FCIL in the joint venture agreements, concession agreement, lease agreement, financial documents etc. on various fertilizer plants.
Obhan & Associates
Obhan & Associates advises clients on a broad range of corporate and commercial matters, with particular strength across joint ventures, commercial contracts and agreements, regulatory issues, and company law. The firm advises a number of clients in the publishing space, alongside founders and businesses in the technology, hospitality, and private equity spaces, among others. Ashima Obhan leads the team from New Dehli, advising Ashima domestic and multinational corporates on commercial and regulatory matters alongside transactional issues, and is supported by Pune-based Vrinda Patodia , who is known for her work on deal structuring, and principal associate Akanksha Dua, also in New Dehli.
Other key lawyers:
Vrinda Patodia; Akanksha Dua
Homage Ventures LLP
Okinawa Autotech Private Limited
Mr. Neeraj Sharma, Co-Founder of Addverb Technologies
C.K.R Resorts Private Limited
Tip Tales Pte. Ltd.
Euromoney Institutional Investor PLC
Anand Kashi Hospitality LLP
Indian Energy Exchange Limited
Oktober 6 Insight Private Limited (operating under the brand name CreditEnable)
Synergistic Financial Networks Private Limited
Euler Motors Private Limited
Flexing It Services Private Limited
Ms. Jahnvi Obhan
Avtaar Career Technologies Private Limited
- Advised Pine Labs Limited on the acquisition of Qfix Infocomm Private Limited, a Mumbai-based end-to-end cloud platform delivering online integrated payments and billing services to multiple sectors.
- Aacted as legal counsel to Mr. Neeraj Sharma, advising him on his separation from Addverb Technologies as well as the sale of his stake in Addverb Technologies to Reliance Retail Ventures Limited.
- Advised C.K.R Resorts and Hilton Hotels Management India Private Limited on entering into hotel management agreements for the operation and branding of a resort and spa in Hyderabad.
India Law Offices
Focused on a diverse international client base, India Law Offices advises on cross-border M&A, domiciling, and continuous operational matters for foreign businesses investing or setting up operations in India. The firm has a broad sector focus, with recent developments in engineering and electric vehicles work alongside established clients in the healthcare, construction, energy, and IT spaces, among others. New Dehli’s Gaudam Khurana leads the team, and is an experienced cross-border advisor to domestic and international clients wishing to make foreign investments, encompassing transactional and broad corporate and commercial considerations.
‘The communication and pragmatic approach by India Law Offices LLLP were impeccable.’
‘India Law Offices LLP assisted us as local counsel in a very professional way. The client is delighted with the outcome of the transaction and the speed and professionalism with which everything is handled.’
Gangzur Adventure Lodge Private Limited
Compsych Consulting India Private Limited
Texapel S L
Industria Chimica Adriatica SPA
Health Shield GMBH
PMD Group Limited
Kviku Holding Limited
IGLESIA NI CRISTO
TWF Tiefbautechnik GmbH
Broekman Logistics Private Limited
Trend Group SPA
- Advised Health Shield on the 75% equity shares of an Indian bio-tech company.
- Advised Broekman Logistics India Private Limited on fundraising for global subsidiaries.
- Advised PMD Group Limited on conducting a forensic due diligence and found discrepancies related to a director.
Juris Arena in Bengalaru has established itself as an active player in complex cross-border M&A and corporate financing work, as well as commercial contracts and regulatory compliance advice, with an international client base spanning industries such as IT, pharma, innovation technology, and private equity. The firm is particularly noted for its capabilities in advising both international clients establishing operations in India, and domestic clients engaged in transactions and investments globally, with practice head Soumitra Banerjee noted for his strong cross-border expertise across M&A and joint ventures.
‘Juris Arena is highly professional and extremely knowledgeable in their domain. We are working with them in numerous occasions over several projects and has remained consistent in these engagements till date. Their legal strategies were very business friendly, especially on matters involving corporate governance and corporate affairs.’
‘Mr.Soumitra has a unique edge and can always strike a balance between ethical practices and progressive advancements that makes him the right lawyer for a fast-moving company like ours. Soumitra definitely has a strong grasp on the Business governance subject matters and is also creative when getting results for the clients.’
Bioneeds India Private Limited
Kasukurthi Healthcare Private Limited
Inventive Inteltech Pvt Ltd
Bython Media Inc
Aindra Systems Pvt Ltd.
Mobiotics IT Solution Pvt Ltd
Nutrinorm Wellness Pvt Ltd
ASQI Advisors Pvt Ltd
Calla Lilly Pvt Ltd
- Advised Royal Bank of Canada in relation to entering into transactions for the trade of precious metal in India with an Indian entity.
- Advised Theratraq India Private Limited in the execution of share transfer agreement between its shareholder and SAI Med Partners Europe GmbH.
Mansukhlal Hiralal & Co advises a wide range of clients in industries such as chemicals, healthcare, agriculture, and financial services on M&A, commercial transactions, contracts, and structuring issues, with notable capabilities in securities law and regulatory issues alongside government-facing work. The team is led from Mumbai by experienced financial services and securities advisor Bhushan Shah, and transactions-focused Shreya Dalal.
Bhushan Shah; Shreya Dalal
PG Electroplast Limited (“PGEL”)
Surgicon Health Private Limited
Riverrecycle Oy, Finland and Riverrecycyle India Private Limited
Deluxe Recycling India Private Limited
IG International Private Limited
IG Berries Private Limited
IG Fresh Produce Private Limited
Petronas Lubricants (India) Private Limited
Pride Hotel Limited
Chemic Engineers Private Limited
Chemic Engineers & Constructors Inc
Circle E Retail Private Limited
Kotak Securities Limited
- Advised PG Electroplast on transaction documents such as the share subscription agreement, shareholders agreement and other incidental and ancillary documentation for an investment.
- Advising IG Berries Private Limited and the existing promoters in respect of a share subscription agreement for investment of USD 20 Million by Hortifruit S.A.
- Advising Deluxe Recycling India Private Limited in raising funds of INR 5 million through issue of equity shares / CCPS to expand their waste recycling capacity by setting up new plants in various cities.
Naik Naik & Company
Naik Naik & Company is particularly strong in the tech and media sectors, handling M&A, joint ventures, and a combination of corporate advisory and commercial matters, ranging from corporate governance advice to commercial agreements relating to international operations in India. The firm advises on domestic and cross-border deals, with expertise encompassing Indian regulatory issues as well as the full range of transactional considerations, including employment law and contentious aspects. The practice is led by experienced TMT sector practitioner Ameet Naik, Abhishek Kale, who advises on corporate matters as well as handling litigation, and M&A specialist Bharat Sharma. All lawyers mentioned are in Mumbai.
Ameet Naik; Abhshek Kale; Bharat Sharma
Mumbai-based Vertices Partners is highly active in the venture capital and private equity spaces, advising funds on a high volume of transactions including early-stage investments and buyouts, as well as expanding its M&A work, advising businesses in fields such as healthcare and technology on acquisitions, secondary transactions, and corporate financing. The firm also provides broad corporate law and regulatory support, and is led by prolific transactional advisors Vinayak Burman and Archana Kholsa Burman, both known for their work on private equity transactions in particular.
Vinayak Burman; Archana Khosla Burman
- Advised SastaSundar, an online pharmacy and digital health platform, in its acquisition by Flipkart.
- Advised Fitternity Health E-Solution Pvt. Ltd. In its acquisition by Curefit Healthcare Pvt. Ltd. through share swap arrangement.
- Advised CognoAI in Exotel’s acquisition of 100% of the shares of CognoAI from its existing shareholders.