Firms To Watch: Corporate and M&A

Gandhi & Associates advises clients, which include Mastercard Asia Pacific, on M&A, JVs, and foreign direct investments. Headed by Vishal Gandhi in Mumbai, it has expertise in advising foreign entities regarding foreign exchange laws and tax matters.
Based in Bangalore, NovoJuris Legal is 'a unique and decent sized boutique' that is popular with private equity houses, start ups and for venture capital. It has a focus on the tech sector and supports female entrepreneurs.
Solomon & Co. Advocates & Solicitors is noted for providing 'good, practical advice and competitive pricing' to its domestic and European clients doing business in India. Its expertise covers acquisitions, sales and the transfer of securities.
Vertices Partners in Mumbai provides specialist expertise in M&A, venture capital and  private equity transactions. Its clients come from a variety of industries including banking, pharmaceuticals and technology which the practice assists with its investments and acquisitions.

Corporate and M&A in India

AZB & Partners

Telecoms, e-commerce and financial services are sectors proving busy for AZB & Partners‘ practice, which encompasses M&A, joint ventures and general corporate work. The team is evenly spread across Delhi and Mumbai, housing such recognised experts as Zia Mody, Gautam Saha, Darshika Kothari and Ajay Bahl. Additionally, Srinath Dasari‘s Bangalore practice handles venture capital and private equity transactions across a range of innovative sectors. Marquee transactions in both the domestic and international markets are instructed by global conglomerates; indicatively, Bahl and Vinati Kastia acted for GlaxoSmithKline in its multibillion-dollar secondary stock trade of a stake in Hindustan Unilever in a market-leading divestment exercise. Nandish Vyas joined the Mumbai office from Veritas Legal in February 2022.

Other key lawyers:

Vinati Kastia; Nandish Vyas


‘AZB has a cutting edge M&A practice. The team is collaborative, innovative, solution oriented and commercial in their approach.’

‘I have worked extensively with Amrita Patnaik & Harshit Chandra in the M&A team and found them to be attentive and painstakingly patient in their approach and demeanour. They are thorough in their review, extremely hard working and conscientious and have a never say die attitude.’

‘The level of expertise, availability and organisational skills is high.’

‘AZB has coverage across all the areas relevant to M&A and they work very collaboratively within the firm across specialisations and offices’.

‘The partners conveyed their very practical experience and examples of how things really work – beyond the black letter law provisions’.

Key clients

JP Morgan Chase & Co.

New Mountain Capital L.L.C. (“NMC”)


Total SA

Hexaware Technologies

Reliance Industries

Tata Sons


Bharti Airtel Limited and Bharti Infratel Limited

Orix Corporation

Xander Group

Tata Motors


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

Work highlights

  • Acted as Indian legal advisors to Total on its acquisition of a 50% stake in a 2.35 GWac portfolio of operating solar assets owned by Adani Green Energy Limited (“AGEL”) and a 20% stake in AGEL.
  • Acted as sole legal advisors to Tata Motors Ltd on its scheme of arrangement.
  • Advised the subsidiaries of GSK on the sale of collective 5.69% stake held in Hindustan Unilever Limited on the floor of the stock exchange.

Cyril Amarchand Mangaldas

With an expansive network of offices across India with talented corporate and M&A professionals, Cyril Amarchand Mangaldas consistently acts on significant transactions for domestic and international clients operating across the breadth of highly regulated and traditional sectors. Recent deal highlights included corporate amalgamations in the financial services sector, demergers in the insurance sector and equity stake acquisitions and disposals in the heavy industries and telecoms sectors. Practice head and founding partner Cyril Shroff spearheads the renowned corporate governance practice. Among the team, Reeba Chacko, Nivedita Rao and Akila Agrawal stand out at the senior level, making it a female-led powerhouse. Distressed M&A is a growth area for the team.

Practice head(s):

Cyril Shroff; L. Viswanathan

Key clients

Adani Group

Punjab National Bank

NTPC Limited

Jindal Steel & Power Limited

Canara Bank

Bharti AXA General Insurance Company Limited and Bharti

General Ventures Private Limited

Mitsui Sumitomo Insurance Company Limited

Adani Green Energy Limited

Grasim Industries Limited

Tata Sons Private Limited ; Tata Teleservices Limited

ITC Limited

Cadila Healthcare Limited

Escorts Limited

ABB India Limited and ABB Asea Brown Boveri Ltd

Principal Financial Group

Axis Bank Limited

GVK Group

Signify NV/ Signify Innovations India Limited

Work highlights

  • Advised Reliance Industries and Reliance Retail Ventures on its $6.5bn investment from eight separate private equity funds.
  • Advised Adani Ports and Special Economic Zone Limited on its 75% stake acquisition of Krishnapatnam Ports Company.
  • Acted as counsel to Punjab National Bank (PNB) in relation to the amalgamation of Oriental Bank of Commerce and PNB.


IndusLaw fields an extensive corporate bench of M&A experts across all major corporate arenas. Gaurav Dani maintains strong relationships with acquisitive US corporates and Kartik Ganapathy, Manish Gupta and Avimukt Darr among others execute similarly impressive acquisitions for both domestic and international clients. Of the numerous new partner additions throughout 2020/21, Rashi Saraf (rejoining after a stint at Cyril Amarchand Mangaldas) enhanced the team’s venture capital and private equity bench strength across sectors including healthcare, education, real estate and IT. In addition to a spate of technology-sector deals, Bangalore-based Anindya Ghosh closed an impressive cross-border acquisition for a fitness company as part of a major global expansion project.


‘The team provides unique solutions to complex problems.’

‘Great depth of knowledge and diversity.’

‘Saurav Kumar is intelligent, innovative and a great listener. He improvises on the fly and has a natural ability to close deals, solve problems, understand the need and requirement of the client as well as buyer/ seller.’

‘Good industry knowledge prompt and responsive –  engages well to understand client requirements fpr practical solutions.’

Key clients

Juniten Pte. Ltd.

MaxLinear Inc.

Elara Technologies Pte. Ltd. (“Elara”)

Sorting Hat Technologies Private Limited (“Unacademy”)

India Alternatives Private Equity Fund

Mahindra Group

Vitalic Health Private Limited (“Netmeds”)

Orbimed Asia

Acacia Banyan Partners

Vatika Limited

Talentsprint Private Limited

Curefit Healthcare Private Limited (“”)

Urban Ladder Home Décor Solutions Private Limited


Nova Capital, Exchanger Industries

Brainbees Solutions Private Limited (“FirstCry”)

ValueFirst Digital Media Pvt. Ltd.

Isuzu Motors Limited

Sentosa Ship Brokers Pte. Ltd.


M3bi India, a wholly-owned subsidiary of M3BI, LLC

Pharmarack Technologies

American Cybersystems Inc.

Work highlights

  • Acted for Juniten on its joint venture with Hyundai for manufacturing (i) lithium-ion batteries, power-trains, battery management systems for electric vehicles; (ii) electric vehicles such as e-cars, e-buses, e-scooters; and (iii) energy storage systems for household and commercial applications.
  • Advised on MaxLinear’s acquisition of Intel’s Home Gateway Platform Division assets in an all-cash, asset transaction valued at $150m.
  • Advised Elara in relation to its acquisition by REA.

J Sagar Associates

Present across the major financial hubs in the country, J Sagar Associates‘ corporate and M&A team advises prestigious domestic and international corporates on the breadth of transactions, corporate governance and regulatory issues. Co-heads Sajai Singh and Shivpriya Nanda, Sidharrth Shankar, Rupinder Malik and Sandeep Mehta are equally adept at guiding clients through strategic acquisitions and divestments, distressed M&A, and post-acquisition integrations. With impressive knowledge of the technology sector, Bangalore-based Probir Roy Chowdhury is deployed on marquee deals, including Google’s multibillion-dollar strategic investment in Jio Platforms. Further recent deal highlights were executed in the automotive, telecoms, retail and media and entertainment sectors.

Practice head(s):

Sajai Singh; Shivpriya Nanda


‘Thoroughness, responsiveness and commercial orientation.’

‘Great experience in complex transactions and working well as part of a global legal team.’

‘Venky Prasad is a fantastic resource for the firm. Experienced, easy to work with and highly capable.’

Key clients


Altium Group

Amazon Asia-Pacific Resources Pte. Ltd

ANI Technologies (OLA)


Crompton Greaves


Danaher Corporation






Ford Motor Company

Goodworker PT

Google LLC

Government of India

Grupo Bimbo

Hero Group

India Power Grid Trust

Indiabulls Real Estate Limited (IBREL)




PayU Global B.V.

PepsiCo India

Qualitest UK


TVS Supply Chain Solutions Limited

The Hain Celestial Group


Volvo Group

Wolters Kluwer United States Inc

Work highlights

  • Advised Google on its strategic investment in Jio Platforms of $4.5bn.
  • Advised Indiabulls Real Estate on the proposed merger of N.A.M. Estates Private Limited and Embassy One Commercial Property Developments Private Limited.
  • Advised Mastercard on its 100% acquisition of Finicity Corporation and its subsidiary – Finicity Technologies.

Khaitan & Co LLP

Khaitan & Co.‘s pan-Indian corporate/M&A practice head Haigreve Khaitan alongside Mehul Shah, Vivek Sriram and Abhishek Dadoo acted for Reliance Industries on its court-approved scheme acquisition of the Future group of companies and majority stake acquisition of Just Dial Limited. The team, which is credited with ‘formidable technical skills and strong commercial judgment‘ also advises on M&A transactions in the telecoms and consumer electronics sectors, among many others. Complementing the comprehensive domestic and inbound M&A work, the dual-qualified team members (such as US-qualified Rajat Mukherjee) also guide Indian entities through global expansion projects entailing investments and acquisitions across the US, EU, APAC and African regions.

Practice head(s):

Haigreve Khaitan

Other key lawyers:

Mehul Shah; Vivek Sriram; Abhishek Dadoo; Rajat Mukherjee; Nidhi Killawala; Bharat Anand; Pulkit Chaturvedi


‘My experience working with them has been amazing. No weaknesses in my mind. Having worked with most law firms in India, I find Khaitan team to be the best.’

‘Bharat Anand and Nidhi Killawala – Supreme commitment to clients, practical advice, high integrity.’

‘Pulkit Chaturvedi stands out (high commitment, good subject matter knowledge and market awareness + resourceful).’

‘The team is very professional and provides quick to-the-point and practical advice with a good understanding of the needs of the client.’

‘The corporate and M&A team around Rajat Mukherjee has not only formidable technical skills and strong commercial judgment but also the personal dedication to serve the client and find the best solutions for the transaction. ’

‘Rajat Mukherjee has an incisive mind and excellent communication skills – this combination helped the parties to overcome stalemate situations following his pragmatic and objective advice.’

Key clients

Reliance Industries

Vopak Asia Pte Ltd

O(1) India Private Limited

Panasonic Corporation

Elanco Animal Health Incorporated

Siemens AG and the Siemens group

Majesco Limited

Rising Sun Holdings Private Limited

Manipal Health Enterprises Private Limited

3i Infotech Limited

EdgeConneX, Inc

Tech Mahindra Limited

TVS Motor Company Limited

Nuvoco Vistas Corp Ltd. (Formerly Lafarge India Ltd.)

Deutsche Borse AG

City Football Group Limited

Reliance Jio Infocomm Limited

Zentiva Group, A.S.

Harley Davidson Motor Company Inc

Emerald Haven Realty Limited

Reliance Retail Ventures Limited

Sunrise Foods Pvt Ltd

Aditya Birla Fashion and Retail Limited

STX Filmworks, Inc.

Vedanta Limited (Formerly Sesa Sterlite Limited)

CPI International, Inc. (CPI)

Usha Martin Limited

Kilburn Engineering Limited

RBL Bank Limited

Firstview Trading Private Limited

Work highlights

  • Assisted and advised Reliance Retail Ventures Limited along with its wholly owned subsidiary (Reliance Retail and Fashion Lifestyle Limited) in acquiring the entire retail & wholesale and logistics and warehousing business of the Future Group under a court approved scheme for a total consideration of $3.4bn.
  • Advised RMG Acquisition Corporation (RMG) RMG on a definitive business combination with ReNew Power.
  • Advised Siemens AG on the sale of 24% (out of 71.70%) to Siemens Gas and Power Holding B.V. (Siemens GP) and sale of remaining 47.70% to Siemens International Holding B.V.

Kochhar & Co.

In a headline deal indicative of the complex corporate and M&A work executed at Kochhar & Co., team head Rohit Kochhar and Chandrasekhar Tampi acted for state-owned natural gas company GAIL India in its distressed debt acquisition of Konkan LNG’s shares and respective share swap of Ratnagiri Gas to NTPC. The team excels in highly regulated sectors, from insurance to fintech; Rajarshi Chakrabarti is a go-to partner for such transactions. The team has a wide geographical footprint, with Ajith C.R. leading on M&A deals out of the Chennai office and Deepti Bhat maintaining a strong Bangalore-based practice. Sarika Raichur co-heads the dedicated start-up and emerging companies’ practice desk. The team also draws praise for its effective client services during the difficulties caused by the COVID pandemic.

Practice head(s):

Rohit Kochhar


‘Professional Indian counsel, generally knowledgeable about corporate commercial law and reliable. Rohit Kochhar has an impressive profile.’

‘Chandrasekhar Tampi handled the majority of our file. He was pragmatic and reasonably responsive, without overdoing things. Overall, I enjoyed working with him and appreciate the work of this team during what was a difficult time during the pandemic in India.’

‘They are a people-focused facilitator in the legal field. Our experience with them, especially through the challenges of the Covid pandemic has been exceptional.’

‘They exceed all expectations.’

‘Sarika Raichur – Constantly calm and composed through all situations with an immense knowledge of her field.’

‘Rohit Kochhar understands the importance of responding quickly to provide solutions to our internal clients, and he and his team are able to find creative and fast solutions that make my legal department look good.’

‘They are price wise reasonable. One stop house for every issue. I have had some very good advice from the firm leading to big savings for the company.’

Key clients

Finicity Technologies

Tech Mahindra



Vodafone India Services Limited

Zebra Technologies Corporation

Cardinal Healthcare

Grainger Inc.

Cushman Wakefield

Dimension Data


Nuance Communications Group


Optum (United Health Group)

Tech Data

Vodafone India Services Limited

ZORO (Grainger)

FGVT Holdings

Global Quality Fish Sales Ireland Ltd.

Intuit Inc.

Xpitax Solutions

Eze Castle

National Skill Development Corporation

Atech (Embraer)

Haldex S.A.

Work highlights

  • Advised Finicity on the India leg of its global acquisition by Mastercard International for $825m.
  • Advised state-owned GAIL India on a share swap in Ratnagiri Gas with NTPC.
  • Advised Tech Mahindra on its multijurisdictional acquisition of assets of TransSys Group of Cos. – a leading tech consulting company with presence in Asia, the Middle East and Africa.

S&R Associates

S&R Associates deployed an impressively large team (consisting at the partner level of Rajat Sethi, Tanya Aggarwal, Radhika Iyer and Shivaji Bhattacharya) on the closing of Indus Towers’ merger with Bharti Infratel. The multibillion-dollar transaction showcased the team’s substantial regulatory expertise in a pan-Indian exercise. Additional highlights on the deal sheet include high-value acquisitions, foreign investments, distressed M&A and joint ventures in sectors ranging from hospitality, healthcare and real estate to aerospace and e-commerce. The group conducts corporate reorganisations entailing demergers, shareholding consolidations and court-sanctioned schemes of arrangement.


‘A highly responsive, committed and capable team. Customer-centric in their approach and give clear, succinct advice and guidance. The culture of the organization stands out as one that is diverse, inclusive and considerate.’

‘Rajat Sethi and Tanya Aggarwal are a core and trusted part of our M&A deal team and set the tone for the high level of support we receive from the rest of the S&R team. Highly customer focused and able to give clear and straightforward advice in highly complex and demanding situations.’


Acting on behalf of prominent global and domestic conglomerates, Trilegal‘s highly reputed M&A practice is a leader in cross-border transactions across all major sectors. Co-head Yogesh Singh regularly snaps up some of the largest inbound M&A deals from the Nordics, evidenced by an impressive portfolio of household-name technology, energy, hospitality and pharmaceutics companies emanating from the region. Co-head Harsh Pais, Sridhar Gorthi, Nishant Parikh and Bangalore-based Kosturi Ghosh often lead on high-profile, cross-border deals. The team is witnessing a dramatic uptick in the stressed assets market; Ashwyn Misra and counsel Deep Choudhuri are currently engaged on numerous matters in this space. The firm was strengthened its corporate offering with the hire of Sai Krishna BharathanVivek Bajaj, Shivani Kabra and asset management and funds specialist Pallabi Ghosal from AZB & Partners.

Practice head(s):

Harsh Pais; Yogesh Singh

Key clients

Piramal Group

Future Group

Medlife International Group


Orkla/MTR Foods

Saudi Aramco

Raheja Group



Sinch AB

Peugeot SA

Mitsubishi Corporation

Stillfront Group

Atos Inc


Work highlights

  • Advised Future Group on the sale of its retail & wholesale business and the logistics & warehousing business to Reliance Group.
  • Advised Piramal Glass on the sale of its glass manufacturing and packaging business to Pristine Glass Private Limited.
  • Acted for Medlife Pharmeasy in the sale of Prasid Uno Family Trust’s 100% shareholding to the client.

Bharucha & Partners

The senior partner-driven M&A practice at Bharucha & Partners attracts impressive, headline mandates from a global client base. Vandana Pai and co-head Alka Bharucha are key names, who handle high-value instructions from major industrial, telecoms, financial services and automotive conglomerates. Though traditionally acting for acquisitive entities from India and abroad, co-head Justin Bharucha is driving the team’s sponsor-side practice, advising a sector-agnostic client portfolio on M&A as well as general corporate matters including governance, regulatory risk and incorporations. Managing associate Swathi Girimaji is driving the expansion of the Bangalore desk.

Practice head(s):

Alka Bharucha; Justin Bharucha

Other key lawyers:

Swathi Girimaji; Vandana Pai 


‘Ability to quickly turn complex matters and strong depth of legal expertise.’

‘Swathi Girimaji has extremely sound legal knowledge coupled with innovative ways to solve novel issues.’

Key clients

General Motors

Vodafone Idea Limited

Aditya Birla Group

ITC Limited

Larsen & Toubro Limited

Mahindra & Mahindra Limited

Burberry Plc


Grover Zampa Vineyards

Samsung Group

IMCD Group

Kalpataru Power Transmission Limited

Girnarsoft Education Services

Aurum Platz IT Private Limited

Prakash Steelage Limited

MentorCap Management Private Limited

DCB Bank Limited

JM Baxi Group

UrbanEdge Hotels Private Limited

Eris Global LLP

Dragonfly Education Private Limited

Designmate (India) Private Limited

S4 Capital Plc

Work highlights

  • Advised Vodafone Idea Limited (now known as Vi) in relation to the merger between Indus Towers Limited and its telecom tower arm Bharti Infratel Limited for INR 37.6bn.
  • Advised IMCD India Private Limited on its acquisition of 70% equity stake in Signet Excipients Private Limited for INR 28.5bn.
  • Advised International Cargo Terminal and Infrastructure Private Limited (JM Baxi Group) on the acquisition of its stake (39%) by Bain Capital for INR 50bn.

DSK Legal

DSK Legal continues to handle noteworthy corporate and M&A mandates from domestic and international companies who are attracted to the firm’s end-to-end support throughout the whole deal lifecycle. It has robust sectoral knowledge spanning pharmaceuticals, automotives, TMT, infrastructure, and financial services. The continually expanding bench includes Anand Desai , Aparajit Bhattacharya, Hemang Parekh , Harvinder Singh and in Bangalore, Sharath Chandrasekhar , who excels in the e-commerce, fintech and software sectors. The firm’s highly rated dispute resolution and forensics practice routinely assists with in-depth due diligence exercises. Since publication, Srinivas B.R. joined the Bangalore office from Dua Associates in April 2022.


‘Deep understanding of the M&A domain which translated into well wishing for the client’s interest & benefit led to several situations that were turned to become favourable for us. This was one of the most unique feature we found with the DSK team.’

‘Aparajit Bhattacharya – Extremely prompt & responsive, superb articulation and elocution skills.’

‘Integrity, dependable, domain knowledge and mutual respect of Mr. Ajay Shaw and Gaurav Mistry are appreciable.’

‘The team delivers constantly and on a very high standard. Would definitely hire them again for our next projects in India.’

‘Aparajit Bhattacharya has extensive knowledge of the law as well as a great understanding of the business implications, which is very relevant for structuring of a transaction. He also brings with him strong negotiating skills. The turn around time of the team is exceptional.’

‘Harvinder Singh has extensive knowledge of the Companies Act and FEMA. The go-to person for advice on these aspects. He has a firm hold on M&A related issues and knows his subject well.’

Key clients

Tomorrowland Apparels Private Limited

Citizen Industries Limited

Nekkanti Consumer Foods Private Limited and Infifresh

Foods Private Limited

OmniActive Health Technologies Limited

Chettinad Group

T. Rowe Price International Ltd

Entropik Technologies Private Limited

Elliott Advisors (HK) Limited

Eurofins Advinus Biopharma Services India Private Limited

Ministry of Shipping, Government of India

First Solar

ReNew Power Private Limited

Vegro Solutions GmBh, Switzerland

Uttam Medical Safety LLP

CK Jaipuria Group

Gamma Pizzakraft Overseas Private Limited

Eternis Fine Chemicals Limited and its Promoters/Mariwala

Family and related trusts

Planet Holding Limited, UK

Finar Limited

SRL Limited

SBI Life Insurance Company Limited

PSA India Intermodal Pte. Ltd.

Paine Schwartz Partners

e-Zest Solutions Limited

IDP Education Ltd, Victoria, Australia

NTPC Limited

Flipkart Internet Private Limited

Appcino Technologies Private Limited

Work highlights

  • Advised Eternis Fine Chemicals Limited; Eternis UK Limited; and the Promoter/Mariwala Family and related Trusts; on the acquisition of 100% shareholding of Tennants Fine Chemicals Ltd, headquartered at Leek, Staffordshire in the United Kingdom and its wholly owned subsidiaries in Singapore and China, from Tennants Consolidated Limited.
  • Advised Citizen Industries Limited and its promoters and their respective family members with respect to: (i) the sale of the 100% shareholding in Citizen to Daikin Airconditioning India Private Limited and the sale of manufacturing facility situated in Bengaluru owned by Mr. Kamalesh Mehta, to Daikin Airconditioning India.
  • Advised and assisted PSA India Intermodal in relation to purchase of 58.5% shareholding in the company from CMA France.

L&L Partners Law Offices

L&L Partners Law Offices’ M&A practice is headed up by Rajiv Luthra, a highly regarded senior practitioner whose ongoing work pertains to public and private sector mergers in the aerospace, telecoms, financial services and pharmaceuticals sectors. Jay Parikh’s practice focuses on transactions and corporate governance for Indian promoters. The team saw the return of Sudipta Routh who joined from Agram Legal Consultants in September 2021, however, it also saw a number of partners departing to establish Saraf and Partners, including Mohit Saraf, Vikrant Kumar and Vaibhav Kakkar.

Practice head(s):

Rajiv Luthra

Other key lawyers:

Jay Parikh; Sudipta Routh

Key clients

SunSource Energy Private Limited

GMM Pfaudler Limited

Neev Fund

Anthea Aromatics Private Limited/ Catasynth Specialty Chemicals Private Limited

The Carlyle Group

Play Games 24×7 Private Limited

CA Cloud Investments

Greencell Mobility Private Limited

Symphony Technologies Group

Emerson Electric

GMM Pfaudler Ltd.

Sequoia Capital

Platinum Equity

Work highlights

  • Advised and acted for Play Games 24×7 Private Limited in connection with an investment made by the Raine Group.
  • Acted for and advised CA Cloud Investments (formerly, Comfort Investments II), an investment vehicle managed advised by affiliated entities of The Carlyle Group, in connection with its acquisition of approximately 25% shareholding of Nxtra Data Limited.
  • Advised Symphony Technologies Group (STG) in connection with acquisition of Dell Inc.’s RSA security business.

Link Legal

Market-leading knowledge of the infrastructure, aviation, power and associated sectors at Link Legal makes the firm a sought-after choice for cross-border corporate and M&A mandates as instructed by major international companies operating in those fields. Joint practice heads Nusrat Hassan and Anand Srivastava  along with Anuj Trivedi, Milind Jha  and Yosham Vardhan are key lawyers for marquee transactions. Mandarin-speaking partner Santosh Pai heads the China desk for investors and corporates performing both inbound and outbound ventures in the country.


‘Anand Srivastava and Namita Das are technically sound but at the same time can appreciate and marry commercial realities. Sticking to the law but being solution oriented is a difficult art which they practice.’

‘High service level with a fast comprehension of the client’s aim.’

‘We are closely working with Ms Yosham Vardan who is working with us in the field of corporate law and labor law. She is always available on a short time basis indicating with precision the needed time for answering our queries.’

Key clients


Aurobindo Realty and Infrastructure

Medops Technology Private Limited

Mystair Hygiene

InfoEdge and WaterBridge

Larsen & Toubro (L&T)

Falcon Edge Capital (Alpha Wave Incubation)

The One Off India Limited

SarvaGram Group of Companies

Premas Biotech Private Limited

Ashoka Buildcon Limited

Matrix Partners

RIB International Holding PTE Limited

Vardhman Yarns and Threads Limited

GASER Ossido Duro s.r.I.

VPS Healthcare Private Limited (“VPS Healthcare”)

India Power Corporation Limited (“IPCL”)


Alkem Laboratories Limited



Nilon’s Enterprises Private Limited

Work highlights

  • Advised Aurobindo Realty on its acquisition of 51% shareholding of GMR in Kakinada SEZ.
  • Advised Larsen & Toubro on the sale of its electrical and automation business to Schneider Electric in an all cash deal.
  • Advised Ayana Renewable in its acquisition of 300 MW of solar power plant in Karnataka from ReNew Solar Power Private Limited.

Majmudar & Partners

A raft of client wins for Majmudar & Partners‘ corporate, M&A and joint ventures team reflects consistent growth in the life sciences, financial services (including fintech), technology, manufacturing and retail sectors. The trio of co-heads Akil Hirani, Rukshad Davar and Bangalore-based N. Raja Sujith, as well as associate partner Kritika Agarwal  and Amrit Mehta advise on the breadth of mandates, including strategic M&A, joint ventures, corporate restructuring and governance, often in tandem with the firm’s tax and competition experts.

Other key lawyers:

Kritika Agarwal; Amrit Mehta


‘A very good firm that has very commercially savvy lawyers. They have a long history of working with international clients and a number of their lawyers are admitted in jurisdictions other than India which makes them very knowledgeable about cross-border deal making.’

‘The firm is led by Mr. Akil Hirani and he is a tremendous resource to clients. He is super knowledgeable, commercially-savvy and even-tempered. He is a long-time cross-border lawyer. I first worked with him over 22 years ago! In short, he gets deals done. Can’t say enough about how I enjoy working with him as do my clients.’

Key clients

Finicity Corporation

Cryoport, Inc.

Betterwork, Inc.

DUS Operating, Inc.

Valagro Biosciences Private Limited

RELX India Private Limited

Chart Industries, Inc.

Perforce Software

Stueve Construction LLC

Pacific Industrial Development Corporation

Work highlights

  • Acted as the Indian legal counsel to Finicity Corporation, a leading North American provider of real-time access to financial data and insights, on its sale to Mastercard, which was one of the largest fintech deals of 2020.
  • Acted as the Indian legal counsel to Cryoport on its acquisition of CRYOPDP Group, a leading global provider of innovative temperature-controlled logistics solutions to the clinical research, pharmaceutical and cell and gene therapy markets, headquartered in Paris, France.
  • Acted as the Indian legal counsel to Betterworks, a US-based performance management software company on its acquisition of HyphenMark, a US-based employee engagement software company for $12m.

Phoenix Legal

In recent corporate and commercial highlights at Phoenix Legal, co-heads Saket Shukla and Sriram Ramachandra executed target-side investment deals for major fintech unicorn Pine Labs, whereas co-head Pranav Srivastava with assistance from senior associate Nikhil Pareek conducted investments and related corporate restructurings in the solar power sector. Extensive knowledge of Indian regulatory laws is applied to M&A transactions and investments in the renewable energy, mining and telecoms industries. Co-head Abhishek Saxena regularly advises Fortune 500 companies on cross-border joint ventures.

Other key lawyers:

Nikhil Pareek


‘Phoenix Legal has been a one-stop solution to all our legal requirements, from company compliance to trademark to litigation, they have great diversity in terms of domain and deep knowledge in each of the domains.’

‘Pranav Srivastav from Phoenix Legal is our point of contact and he has been able to guide us in multiple issues. He has always been approachable and has maintained high professional standards in terms of handling the work and relation with us.’

‘I found the team to be responsive, friendly and commercial – a rare combination in any market.’

‘In my experience Phoenix Legal has been extremely diligent and ahead of the curve in a tricky policy space. The laws and policy around the digital ecosystem in India has been unpredictable and fluid and hard to negotiate. PL has the right mix of experts who can deal with the laws on this. Also they have great partners on litigation and consultants who work with them.’

‘Saket Shukla has been an outstanding advisor and expert on media policy and legal repercussions of news reporting. He has been quick to respond and dealt with the intimidation and lawsuits that come our way expertly and effectively. Sawant Singh has been fantastic with advice on company structure and growth strategy. ’

‘Phoenix Legal has excellent resources and all required expertise on this area of practice. The team’s strength is its practical advisory capabilities and expert execution skills. The firm is reasonable and careful with its billing system and provides great legal support in cost efficient manner.’

‘We are happy with the professional, competent and consistent responsiveness of Ritika Ganju and her team and highly recommend her for corporate transaction and advisory support.’

Key clients

Quaker Chemical Corporation

Asesorias e Inversiones Benjamin S.A./ South Lake One, LLC.

Pine Labs

Volaris Group

Harris Computers

Linamar Corporation

Intuitive Surgical

Zorg Industries

Anant Raj Global Limited

Apis Partners LLP

Navis Capital

Ciena Communications

Cooper-Standard Holdings Inc.

BYD Company Limited


Visteon Corporation


Next Events Private Limited

Belectric Group

ASTA Energy

Work highlights

  • Advised South Lake One (a Delaware company) on an investment in the SunEdison group in India involving restructuring of SunEdison group to carve out its under-development solar power projects into separate holding entities in India and the UK and investment by South Lake in the holding entities.
  • Advised Pine Labs, a unicorn that provides merchant platforms and software for POS machines, on a $100m fund raise from Lone Pine Capital.
  • Advised Anant Raj group on a reorganisation and restructuring of its promoter holdings, businesses and assets amongst the two founders of the group.

Samvad Partners

Spanning multiple offices across India, Samvad Partners‘ corporate and M&A team advises start ups through to international corporates on all manner of transactions, joint ventures and regulatory issues. The group witnessed an increasing flow of share swaps and consolidations in both the domestic and cross-border context, including Ashwini Vittalachar‘s impressive buy-side e-health deals. Operating out of Bangalore, Natasha Mahajan deploys her sophisticated knowledge of the technology sector on M&A transactions and commercial contracts in the software (including SaaS) space. Harish Narasappa and Vineetha MG are notable names, while the Hyderabad office housing Ekta Bahl provides a strategic base for deals in the pharmaceuticals and real estate sectors.

Other key lawyers:

Ekta Bahl

Key clients

Algonomy (formerly Manthan) Software Private Limited

Delhivery Private Limited

Deepak Fertilisers and Petrochemicals Corporation Limited

Eight Roads Ventures India III LP

Elevar Equity

Exilant Technologies

F-Prime Capital Partners Healthcare Fund V LP

Gildemeister Beteiligungen Gmbh (DMG Mori)

Genworks Health Private Limited

Green Agrevolution Private Limited (Dehaat)

Helion Venture Partners III, LLC

Jio Digital Services Private Limited

Kaizen Private Equity and Kaizen Domestic Scheme I

Kaycee Industries Limited

Mitraz Financial Services Private Limited

Megsan Labs Private Limited

NoBroker Technologies Solutions Private Limited

NTT Data Corporation

Paix Technology Private Limited (“Truebil”)

Pisces Eservices Private Limited

PB Fintech Private Limited (Policybazaar)

PTAP Delivery Solutions Private Limited

SAIF Partners

The Fundamentum Partnership Fund I

Zetwerk Manufacturing Business Private Limited

Work highlights

  • Advised Fundamentum Partnership Fund I, Eight Roads Ventures India III LP and F-Prime Capital Partners Healthcare Fund V LP in the acquisition by API Holdings Private Limited of the Medlife Group, in a share swap arrangement, rendering this as one of the most notable consolidations in the e-pharmacy sector in India.
  • Advised Algonomy Software Private Limited (formerly known as Manthan Software Services Private Limited) on the acquisition of Rich Relevance, a US-based software company.
  • Advised Deepak Fertilisers and Petrochemicals Corporation Limited and its group companies, including its subsidiary, Smartchem Technologies Limited on an investment by International Finance Corporation.

Vaish Associates

Corporate and M&A clients of Vaish Associates benefit from one of India’s most comprehensive tax practices, as applied to the breadth of transactions including strategic demergers, buyouts and cross-border corporate restructurings. Recent matter highlights pertained to scheme demergers for publicly listed entities and company acquisitions in the FMCG sector requiring complex IP and know-know considerations. The partner bench is spread across Mumbai and Delhi and comprises Bomi Daruwala, Satwinder Singh , Martand Singh, Sandhya Iyer and Hemant Puthran.

Key clients











Work highlights

  • Advised Airport Company of South Africa Limited on sale of its 10% equity stake in Mumbai International Airport Limited to Adani Group.
  • Advised Panacea Biotec Limited on its collaboration with Russian Direct Investment Fund for production of Sputnik V, the world’s first registered vaccine against coronavirus, in India.
  • Advised Hindustan Unilever Limited (HUL) on an agreement with Glenmark Pharmaceuticals Limited, a global pharmaceutical company, wherein HUL agreed to acquire its intimate hygiene brand ‘VWash’.

Saraf and Partners

Following a split from L&L Partners Law Offices, Mohit Saraf has established Saraf and Partners  together with a considerable number of other former partners. The new firm offers a deep range of expertise with a focus on corporate, M&A, banking and finance, litigation and restructuring/insolvency.  Bikash Jhawar‘s corporate practice has a focus on energy projects together with restructuring whilst Vaibhav Kakkar   specialises in private equity and regulatory issues.  In addition to advising private equity companies, the team is advising a broad range of clients from areas as diverse as electronics and software to chemicals and consumer goods.

Practice head(s):

Mohit Saraf

Other key lawyers:

Vaibhav Kakkar; Bikash Jhawar; Vikrant Kumar

ALMT Legal

ALMT Legal‘s diverse practice advises on a combination of M&A and commercial contracts including terminations and regulatory guidance. Buy-side online retail transactions are a growth aspect of the practice. Statira Ranina and co-head Aliff Fazelbhoy‘s tax knowledge provides additional strategic benefits to clients, whereas Ryna Karani‘s cross-border practice encompasses joint ventures and business establishments. Co-head S.R. Arun and Dhanya Menon handle operations in Bangalore, providing full-scope corporate advice to growth companies and investors alike.

Practice head(s):

Aliff Fazelbhoy; S Arun

Key clients

Archroma group

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

Work highlights

  • Advised Sanghvi Beauty and Technologies Private Limited (acquirer) on conducting a due diligence on Luxeva India Private Limited (The target company) and on acquiring the Indian business of Luxeva UK.
  • Advised A 50-50 joint venture company (held by reputed US entity engaged in the business of fabric manufacturing) and Indian promoters engaged in providing soil reinforcement technology on the restructuring of their existing joint venture arrangement and steps to be taken under the applicable laws in India including advising on the process for termination of the joint venture agreement and entering into a fresh and detailed shareholders’ agreement.
  • Advised and assisted a company engaged in the business of dealing in agricultural commodities on setting up a private limited company in India with foreign capital investment for carrying out a business of dealing in agricultural commodities.

Chadha & Co

Chadha & Co primarily serves the corporate and commercial needs of foreign companies in India, providing Japanese, Chinese and French language abilities for the high volume of clients from those regions. Clients include household-name Fortune 500 companies. Due to prior in-house experience, co-head Namita Chadha has solid knowledge of the energy and oil and gas sectors. Co-head Rahul Chadha‘s compliance and regulatory expertise is deployed on transactions in the mining, life sciences, e-commerce and other regulated sectors.


‘The team is responsive and dedicated, including during difficult Covid-19 times. The fees are appropriate, not too expensive.’

Key clients

Hitachi, Ltd.

Hitachi Power Europe GmbH

Kobe Steel, Ltd.

Istyle Inc.


KOSÉ Corporation India Pvt. Ltd.

STMicroelectronics N.V.


Movomech International AB

William Grant & Sons

Work highlights

  • Advised Hitachi on participation in ultra‐mega power projects and related corporate matters with a deal size of $700m.

Clasis Law

At Clasis Law, Vineet Aneja spearheads the transactional offering, regularly acting on spinoffs, acquisitions and joint ventures for a diverse client roster spanning the manufacturing, TMT, telecoms, infrastructure, retail and many other sectors. Vikram Bhargava  leads on general corporate matters, covering forex laws and regulatory issues, while Neetika Ahuja is often instructed by international clients on matters of FDI and entry and exit strategies.


‘I would recommend working with Mr. Aneja without any doubt. I would emphasize that he is very proactive. We are a European company that had presence in India and of course we don’t have a profound knowledge of the Indian legal system. Mr. Aneja helped us during the process of closure of our liaison office in the country. He informed us of all of the steps of the process with a lot of detail. He visualized the difficulties and problems that may have occurred during the process and he provided solutions to avoid them or fix them ahead of time. I would also highlight that he was very quick responding to our questions and preparing all of the documents, enabling us to complete the whole process in a brief period of time.’

Fox Mandal & Associates

Operating primarily in the mid-market, Fox Mandall’s corporate and M&A practice handles mandates ranging from commercial negotiations, regulatory and compliance to joint ventures and corporate acquisitions, including domestic and multijurisdictional M&A in the energy (including renewables), logistics, TMT and e-commerce sectors. Jeevanandham Rajagopal (who leads operations across the south and west regions) recently advised on strategic corporate restructurings involving cross-border security issuances. Purnima Kamble and Sathya Prasad T lead on investment-related mandates for established and growth businesses.


‘Genius, genuine and generous.’

Key clients

LBR Foundation

ESR India

Lankasri India

RBL Hotels

Randa India

Hubilo Technologies Inc.

HKR Roadways Ltd

Work highlights

  • Assisted Hubilo Softech Private Limited; Hubilo Technologies Inc in negotiating and effecting restructuring of the organisation, strategising and effecting exit of angel investors and induction of new investor.
  • Assisting Randa India in structuring and strategising a joint venture for manufacture and sale of belts and other allied products for domestic and export markets.
  • Assisted an infrastructure client in a transaction valued around 750 crore involving divestment of the promoter’s 74% equity interest in the client company to Kotak Special Situations Fund and an investment by the aforementioned fund through debt route for the purpose of refinancing.

HSA Advocates

HSA Advocates is highly active in the infrastructure, projects and energy sectors, being retained by prestigious domestic and international clients. Additionally, the team attracts new clients from diverse sectors, including retail, real estate and professional services. The practice is skilled at advising Indian and multinational corporations on a wide array of corporate transactions, including inbound and outbound M&A, structuring of investments, joint ventures, and long-term government supply contracts, as handled by Hemant Sahai, Soumya Kanti De Mallik and Sunando Mukherjee.


‘Hemant Sahai is well acknowledged in his domain, passionate about his work, and has worked on several key engagements which have helped shape the sector.’

They have a depth of understanding for the relevant sectors – Reputation/connect with the stakeholders in the industry – Solution oriented approach.’


Key clients

Arctech Solar Holding Co Ltd

Acme Solar Holdings Pvt Ltd

Rotork Plc

iQIYI, Inc

National Industrial Corridor Development & Implementation Trust and National Industrial Corridor Development Corp Ltd

Cold Love Ice Cream

Acme Cleantech Solutions

Cacheco Pte. Ltd

Indagro Foods Pvt Ltd

Ipsaa Day Care & Promoters

Adani Properties Pvt Ltd


Work highlights

  • Provided complete legal support to a leading nuclear plant EPC company in relation to equity infusion into the LLP.
  • Assisted ACME Solar Holdings in selling two of the solar PV power projects each of 50 MW housed in 2 separate SPVs.
  • Advised National Industrial Corridor Development & Implementation Trust and National Industrial Corridor Development Corp Ltd  on multiple acquisitions of SPVs, incorporated for development of the corridors and integrated manufacturing clusters, NMIZ, Industrial townships at various places along these corridors.


LexCounsel‘s corporate and commercial group operates in a number of key industries, backed up by strong partner experience. Seema Jhingan ‘s education knowledge is applied to company incorporations and collaboration agreements necessitating core regulatory knowledge in the sector. Alishan Naqvee is in high demand in the pharmaceuticals and healthcare sector for advice on multijurisdictional M&A and corporate governance issues. Retail is also a sector of focus. Dhruv Manchanda has comprehensive knowledge of FDI and FEMA regulations.


‘Excellent and dedicated team. Very responsive to the requirements (as I was in a different time zone). Provided solutions in the Covid restrictions and found human resources to assist, when we could not deploy a team member from Japan to India.’

‘Seema Jhingan and Dhruv Manchanda. Excellent on the professional front and I appreciated the personal touch and genuine reaching out on knowing more about the clients on the personal front.’

‘On the legal side, the research was meticulous and recommendations very practical.’

Lex Counsel make the difference most among other practices, they are very open and willing to get the opinion and advice from experts where they are not sure about it. Their collaboration skill is excellent. People are very pleasing, always find a way to solve problems. They are open to listen and accommodate where ever possible within the legal framework or advise the alternatives.’

‘Mr. Alishan N and Mr. Dhruv are stand out with their quality of business behaviours. They always meet the deadline or advise in advance if any additional time is required. They have a very proactive approach.’

‘The biggest uniqueness and strength of the team is the reliability and professional quality of their service. The process they take for the client’s needs is very thorough, starting from understanding the client’s needs in depth to follow-up communication of their legal advice. I have never felt, during my engagement with Lex Counsel for the last 3 years, that I was left alone for this complex legal matters, because Lex Counsel team has been there all the time with me.’

‘Absolutely high quality of their legal advice, deep listening skills, problem solving capacity make the two lawyers of Lex Counsel outstanding.’

Singhania & Partners LLP

Singhania & Partners LLP assists growth and mid-market companies with early-stage business operations through to latter-stage M&A transactions. Ravi Singhania maintains a health sector practice working with innovative start-ups across India whereas Dipak Rao is noted for handling complex shareholder restructuring exercises. Diverse sector knowledge in IT, retail, automotives and healthcare is vested in the team for sponsors and acquirers alike. The practice has a substantial presence in Gurugram which is utilised by local and international companies operating in that area.


‘The team works really fast and really efficiently.’

‘The corporate and M&A team at Singhania & Partners LLP is reliable, responsive and they were able to communicate clearly whilst understanding all the issues. They are pragmatic and they go above and beyond for us in terms of service. They provide high-quality output in a timely manner and high level of engagement with partners who provide sound legal advice. Their team has the ability to come up with client-oriented solutions without compromising on legal issues.’

‘Dipak Rao has always proactively advised us with respect to appropriate strategies on how to proceed in various kinds of corporate matters. His practical knowledge of the corporate and commercial laws and attention to detail makes him stand out.’

‘Gunjan Gupta, associate partner at Singhania & Partners LLP actively advises us on the latest developments in the corporate legal sector. She goes an extra mile to make sure that the work is done efficiently and timely. She is proficient in responding to all our legal queries.’

‘Guneet Kaur, associate at Singhania & Partners LLP is yet another capable lawyer who we have worked with. She is one of the young and upcoming lawyers at Singhania & Partners who has a good legal acumen and has provided sound legal advice to us.’

Key clients

KOS SpA Italy

Novo Tellus Capital Partners Pte. Limited

Volvo Auto India Private Limited

Grofers India Private Limited

Federation of Karnataka Chambers of Commerce and Industry (FKCCI)

National High Speed Rail Corporation Ltd. (NHSRCL)

ABB Power Products and Systems India Limited

TUI India Pvt. Ltd.

Free Stand Sampling Solutions Pvt. Ltd.

Intellewings Private Limited

Sochcast Media Private Limited

Asset Chain Techlligence Private Limited

FlixDrop Technologies Pvt Ltd

Assistaid Healthcare Pvt Ltd

Work highlights

  • Acted on various acquisitional made by KoS Spa Italy.
  • Advised the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) in succession planning and change of guard issues.
  • Engaged by Novo Tellus Capital Partners to undertake/provide legal due diligence of an Indian company and its Indian subsidiary, and provide limited legal due diligence of two major shareholders along with legal advisory on exit & repatriation by NT post-acquisition of the preferred shares, in accordance with the applicable Indian laws.

Spice Route Legal

With a strong sector approach that focuses on TMT, energy and life sciences, Spice Route Legal‘s practice handles the breath of corporate advisory, M&A and private equity work. Practice head Praveen Raju recently advised on numerous acquisitions in the renewable and alternative energy sectors. Highlights include corporate restructurings of major solar energy projects. Bangalore-based Mathew Chacko leads on hi-tech M&A for corporate sponsors and increasingly for multinational acquisitive entities.

Practice head(s):

Praveen Raju

Other key lawyers:

Mathew Chacko


‘Very approachable, excellent communication, practical advice.’

‘Spice Route Legal are a young, dynamic and innovative corporate boutique. They have a very commercial, client-centric model which is appreciated in the market and evidenced by their successful growth in recent years.’

‘Consistently responsive, commercial and pragmatic. Praveen Raju and Matthew Chacko are the key leaders.’

‘Spice Route Legal has been our only and go-to legal advisor for all Asia-Pacific deals since our first deal in the region in March 2019. We like the firm because the team brings well-rounded legal expertise and local empathy for various geographies including India, Singapore, Vietnam, Indonesia & Australia.’

Key clients

COVID India Initiative

Minority shareholders of CPS Oil and Gas Equipment

ESCO Lifesciences

Sequoia Capital

Foundamental GmbH


IBBIC Pvt. Ltd. (formerly known as Blockchain India Consortium)



Mozev (Mytrah Mobility)

Neogen Chemicals

SenseHawk Technologies Private Limited

SILRES Energy Solutions

Strand Lifesciences

SunEdison Infrastructure (client since 2018)

Test & Verification Solutions



Season2 Ventures

Helix Investments

Esperor Onco Nutrition

Ohmium International


Zenfold Ventures LLP

Work highlights

  • Advising SunEdison Infrastructure on various crucial matters, including a complex cross-border corporate restructuring, an analysis of 25 solar projects, and the financing and development of a 68MW solar energy farm.
  • Assisting Savex with the purchase of a stake in Inflow Technologies a company in the enterprise tech distribution space, with the option of advancing to a future 100% acquisition through an earn-out structure.
  • Assisting IBBIC (a joint venture of 14 leading commercial banks controlling 95% of India’s trade finance business) on an award-winning incorporation, licensing and implementation of a trade finance platform, powered by blockchain.

Talwar Thakore & Associates

Talwar Thakore & Associates receives instructions pertaining to strategic inward investments, acquisitions and joint ventures from impressive foreign clients. Owing to the comprehensive regulatory knowledge of the partner bench, complex and high-stakes mandates are often sourced from the pharmaceuticals, insurance and financial services sectors. Kunal Thakore and Feroz Dubash jointly lead the team. Newly made-up partner Shruti Zota is also a key member of the team, having returned from a secondment at GlaxoSmithKline.

Practice head(s):

Kunal Thakore; Feroz Dubash

Other key lawyers:

Shruti Zota

Key clients



AXA Group

Capita plc UK

Montagu Private Equity

Continental AG

Avendus Wealth Management Pvt Ltd

GSK Vaccines

Work highlights

  • Acted as legal advisers to Generali Horizon in relation to investments, as a foreign portfolio investor (FPI), into the subordinated debt issued by Future Generali India Life Insurance Company Limited under the Insurance Regulatory and Development Authority of India (Other Forms of Capital) Regulations, 2015.
  • Acted as Legal advisors to AXA in relation to the transfer of the general insurance business of Bharti AXA General Insurance Company Limited to ICICI Lombard Insurance Company Limited.
  • Advised Capita on the sale of the entire share capital of Capita SIMS (India) Private Limited to Tiger UK Bidco Limited, a newly formed company established by funds advised by Montagu Private Equity.

Tatva Legal

Sell-side M&A mandates are a primary focus for Tatva Legal‘s corporate department, particularly in the real estate sector. The team keeps a domestic practice alongside international transactions, supported by a wide geographical footprint which includes a large Hyderabad offering. N.K. Dilip provides commercial and regulatory advice including entry strategies, regulatory approvals and joint ventures. Shailendra Komatreddy recently completed cross-border share acquisitions on behalf of Singaporean entities. Avinash Mody leads operations in New Delhi.


‘The team is very proactive and think outside the box.’

‘Avinash Mody never fails to provide timely, creative and clear advice.’

‘Avinash Mody always provides very practical advice in timely manner, well considering the reality of business. The team is excellent as to its expertise and client care, and the firm’s fees are reasonable.’

Impressive – fast responses and eager to provide solutions.’

Mr. Avinash Mody is excellent in negotiation with the counterparts.

Key clients

Way2Wealth Securities Private Limited

Coffeeday Enterprises Pvt. Ltd.

Modern Food Enterprises Private Limited

DRA Projects Private Limited

C4C Holdings Pte. Ltd.

Bosch Limited

C4C Digital Pte. Ltd.

Work highlights

  • Advised on Coffeeday Enterprises’ 2000 crore fundraising from Blackstone.
  • Assisted Way2Wealth in sale of 100% stake of Way2Wealth Securities Private Limited to Shriram Trust.
  • Advsied Bosch Limited, a public listed company, on an investent in Nivaata Systems Private Limited, an urban startup that helps augment corporate transportation.

Veritas Legal

Led by Abhijit Joshi, Veritas Legal‘s corporate and M&A practice enjoys impressive mandates in the pharmaceuticals and life science sectors, while also being active in manufacturing, insurance and consumer goods. Regulatory support is substantial; Srabonee Roy‘s data protection skill set is deployed on M&A transactions requiring relevant due diligence. A recent hire from J Sagar Associates, Manav Raheja has an active venture capital practice, handling work from both sponsors and funds clients. Since publication, Nandish Vyas departed.

Practice head(s):

Abhijit Joshi

Other key lawyers:

Srabonee Roy; Manav Raheja


‘We have worked with the Veritas team on several cross-border transactions and have found them to a truly global firm with a strong team having both local and international expertise. They are responsive and hands-on and provide practical legal solutions to clients. Having Veritas as international counsel on cross border transactions has always been a pleasant experience for us in Sri Lanka.’

Key clients











Work highlights

  • Advised Kedaara Capital on its acquisition of approximately 19% stake in Religare Health Insurance Company Limited for an aggregate consideration of approximately $78m.
  • Advised Partners Group on an acquisition of approximately 38% of the equity share capital of Ecom Express Private Limited for an aggregate consideration of over $250m.
  • Assisted and advised BLST International in relation to the India leg forming part of the global acquisition of Bluestem Global Sourcing India Private Limited for an aggregate consideration of approximately $437m.


Recently established by partners from market-leading corporate practices, AnantLaw’s deal sheet includes high-value, cross-border share acquisitions across the sectors of hospitality, homewares and pharmaceuticals, as handled by co-heads Subodh Sadana and Rahul Goel. The team assists with joint ventures, investments and corporate governance.

Practice head(s):

Subodh Sadana; Rahul Goel

Key clients

Rettenmier India Private Limited

Gala Group GmbH

Asiya Capital Investment Company K.S.C.P, Kuwait

Claridges Hotel Private Limited

Grocurv Private Limited

Sudeep Pharma Private Limited

Aviatech Enterprises Private Limited

VIP Pharma Private Limited

Downtown Investment Management Limited, Mauritius

Ishvan Health Sciences Private Limited

Makers Asylum

Tetra Pak

I2i Funding

Green Hills – PinkAnee


Work highlights

  • Drafted transactional documents for the INR1bn buy-back of shares of Claridges Hotel Private Limited.
  • Advised and assisted Gala Group, Germany, a global leader in the home décor industry, on acquisition of balance 30% stake in Ramesh Flowers Private Limited to make it a wholly owned subsidiary of Gala Group.
  • Advised and assisted ACIC Advisory Private Limited, a group company of Asiya Capital Investment Company on the acquisition of Duet India Hotels Private Limited.

Dua Associates

Complementing Dua Associates‘ established international corporate and M&A practice as engaged by a notable number of Fortune 500 names, numerous regional hubs including Chennai and Siddhartha Kumar‘s Chandigarh desk act for a growing list of domestic sponsors. Key partners including Salil Gulati, Neeraj Kumar and Gurugram-based Sita Khosla lead on inbound investments, business establishments and cross-border joint ventures. Adjacent group Dua Consulting is deployed on regulatory matters in the pharmaceuticals and telecoms sectors.


‘Timely, relevant and practical advice. Superb turn around time.’

‘Manoj Menon – excellent negotiation and articulation, highly practical and workable solutions.’

Key clients

ACL Mobile Limited

Hughes Communications India Private Limited

Fourth Partner Energy Private Ltd

QuEST Global Service

SBICAP Ventures Limited


Hewlett Packard Enterprises

Logistics Plus India Pvt Ltd.

Vedicare Ayurveda Private Limited

Work highlights

  • Assisted QuEST Global Services with its acquisition of Synapse Design Automation and its subsidiaries across various jurisdictions in South East Asia.
  • Assisted Fourth Partner Energy with (i) the acquisition of 100% of the share capital of Newen Systems Private Limited and (ii) acquisition of the BESS business division of Raychem RPG Private Limited by Newen Systems Private Limited.
  • Advised and assisted SBICAP Ventures Limited’s SWAMIH Investment Fund I on the successful closure of three back-to-back deals wherein the law firm acted as the legal counsel for the fund.

Economic Laws Practice

Leveraged by a strong SEBI practice, Economic Laws Practice is gaining traction in the Gujarat-based IFC, driven by instructions from international funds houses. Co-head Sujjain Talwar attracts M&A work in the hospitality, infrastructure and related sectors, whereas fellow co-head Suhail Nathani leads on inbound acquisitions and joint ventures for US and APAC clients operating in sectors including real estate, chemicals and pharmaceuticals.

Practice head(s):

Suhail Nathani; Sujjain Talwar

Key clients

Polycab Limited

Precious Trading & Investments Limited and Sheth Developers Private Limited

Steelmint Info Services LLP

Prozone Group

Bharat Rasayan Limited

Invest India


Centrum Housing Finance Limited (CHFL), subsidiary of Centrum Capital Limited

Work highlights

  • Advised Transworld Group on the transfer of Shreyas Shipping and Logistics Limited’s containerised domestic coastal and Exim feeder shipping business to Unifeeder through Transworld Feeders Private Limited.
  • Advising Centrum Housing Finance Limited on the acquisition of entire 64.40% stake in Cent Bank Home Finance, held by Central Bank of India.
  • Advised on the sale and transfer of 50% of the shareholding held by Prozone Liberty International Limited in a special purpose vehicle entity known as ‘Emerald Buildhome Private Limited’ based out of Jaipur, Rajasthan, to Indian purchasers, thereby exiting Emerald.

Krishnamurthy and Co

Krishnamurthy and Co’s team handles private equity investments, corporate reorganisations, M&A transactions and joint ventures. Practice head Naina Krishna Murthy is experienced in dealing with domestic and cross-border deals, notably in the healthcare and pharmaceuticals sectors. Clients also retain the firm for routine contractual matters and advice on outsourcing and manufacturing agreements.

Practice head(s):

Naina Krishna Murthy


‘A good set of lawyers to address and handle any aspects of the transaction from a legal perspective. They are quite client centric and ensure client’s interest should be protected. Proactive advice is provided without even asking, which gives a lot of satisfaction that the matter is assigned to a good legal team.’

‘They are quick enough to turn around the documentation and hold meetings and discussions with the other side to expedite the deal closure. Overall, a very satisfactory experience.’

Key clients

JSW Infrastructure Limited

InCred Capital Financial Services Private Limited and InCreD Group

Calderys India Refractories Limited



ANSR Global Corporation Private Limited

Reliance Industrial Investments and Holdings Limited

Healthcare Global Enterprises Limited

Work highlights

  • Advised JSW Infrastructure Limited on its acquisition of the Chettinad Group’s port business.
  • Advised InCred Capital Financial Services Private Limited and InCred group entities on the acquisition of asset-management companies.
  • Advised Calderys India Refractories Limited, an Imerys group company, on the acquisition of HIL’s industrial thermal insulation business.

Lakshmikumaran & Sridharan

Steady growth at Lakshmikumaran & Sridharan’s corporate practice saw the addition of new partners in Delhi — including Gaurav Dayal and Kunal Arora — and Bangalore-based Hemant Krishna, whose in-house experience in the technology sector reflects substantial firm growth in the e-commerce, online gaming, fintech and other innovative industries. Pharmaceuticals and energy are also focus sectors. Badri Narayanan leads the practice, offering M&A expertise fully integrated into the firm’s leading tax offering.

Practice head(s):

Badri Narayanan

Other key lawyers:

Sudish Sharma; Gaurav Dayal; Kunal Arora; Hemant Krishna; Noorul Hassan; Asish Philip


‘The team at L&S is quite diverse in their service related to the various legislations directly impacting corporates. They have a very experienced team and provide the relevant advice to clients.’

‘ They are diligent and thorough in reviewing the queries and providing customided response depending on the situation.’

Key clients

Intellicar Telematics

Penguin Random House

Prism Cement

Predible Health Private Limited

Supply Chain Labs

Work highlights

  • Advised Karan Makhija, the CEO and promoter shareholder of Intellicar Telematics on the acquisition of Intellicar Telematics by TVS Motors.
  • Advised Penguin Random House India Private Limited with respect to a restructuring exercise involving amalgamation of Hind Pocket Books Private Limited, its group company.
  • Assisted Prism Cement on consolidating with the corporate structure of the group by way of a composite scheme of amalgamations and demergers.

Lumiere Law Partners

Lumiere Law Partners maintains a healthy stream of mid-tier M&A transactions as instructed by domestic and international clients. Highlights point to strong activity in the manufacturing, telecoms and consumer goods sectors, as handled by co-heads Vihang Virkar and Probal Bhaduri. The team evenly acts on both buy-side and sell-side of corporate transactions.

Practice head(s):

Vihang Virkar; Probal Bhaduri

Key clients

SgurrEnergy Limited

Prolifics Corporation Private Limited (India) Private Limited

Softline Group

Netmagic Solutions Private Limited

Mr. Kanhaiyalal Mundhra and Mr. Hitesh Kumar Mundhra

Mohan Fibre Products Limited

Supreme Nonwovens Pvt. Ltd.

De Dietrich Process Systems

Gujarat Apollo Industries Limited

Smart Group

Work highlights

  • Advised Mohan Fibre Products Private Limited and its shareholders on its acquisition by Brødrene Hartmann.
  • Advised Supreme Group, through its Thai subsidiary, on the acquisition of the automotive interior trims and NVH business of Futuris Automotive (a subsidiary of Adient LLC) in Thailand.
  • Advised on its 100% sale to RWS UK Holding.

P&A Law Offices

P&A Law Offices sustains a busy cross-border corporate and M&A practice, noted for handling inbound acquisitions and investments from US west coast technology companies and Alabama-based industrial clients.Key partners include Anand Pathak and Shashank Gautam, as well as new join Harsh Kumar from Shardul Amarchand Mangaldas & Co, who brings venture capital and private equity expertise, notably in the medtech sector.

Key clients

Tata Steel BSL

Ferro Corporation

Navigant Consulting NV Investment Holdings LLC

Global Edge Software Limited (Target Company)

Hasgeek Learning Private Limited

Naturell India Private Limited

Azure Power Forty Private Limited (Assam)

Azure Power Forty Private Limited (Rajasthan)

Sofina Ventures SA

Targetone Innovations Private Limited (Gomechanic)

Tek Travels Private Limited

Work highlights

  • Advised Tata Steel BSL on its merger with its parent company, Tata Steel Ltd.
  • Advised Vara Infotech Private Ltd. on a matter where Wipro Ltd. secured a strategic seven-year deal from ICICI Bank to provide a suite of digital services. As a part of this strategic engagement, Wipro was to absorb approximately 3,800 employees of Vara lnfotech along with its existing contracts, facilities and assets, through a business transfer agreement for an all-cash consideration of INR 3.2bn
  • Advised the Ferro Corporation on the sale of its tile coatings business to Pigments Spain S.L. for $460m.

S&A Law Offices

Co-headed by Daizy Chawla , S&A Law Offices‘s corporate and allied laws vertical combines M&A experience with sharp knowledge of tax and regulation to assist with corporate issues. Of note is Chawla’s work in the financial services sectors, advising on critical FEMA and RBI regulatory approvals. The Bangalore desk (which houses co-head Neeraj Dubey ) provides corporate and inbound investment advice to edtech, e-commerce and IT companies.

Practice head(s):

Daizy Chawla ; Neeraj Dubey 


‘S&A Law Offices has highly educated and capable lawyers within their staff. They are able to easily translate complicated international conflicts into local laws.’

‘Daizy Chawla is a great person and a great lawyer who quickly understands complicated conflicts and gives advice to the point.’

‘Neha Mittal is extremely attentive to details, regularly keeps updated on the legal developments.’

‘The team was organized, timely and professional.’

Key clients

Dennemeyer India Private Limited

Dennemeyer S.A. & Dennemeyer & Associates S.A.

Fircosoft India Private Limited

BEMPU Health Private Limited

Dakshas Foundation project

KattaiKkuttu Sangam

Tirupati Basmati Exports Private Limited (TBEPL)

Notesgen Technologies Private Limited

Ashoka Bearing Housing Private Limited

Oomph Social Needs Private Limited

Grand Challenges Canada

Adani Road Transport Limited (ARTL)

GivFunds Social Ventures Trust

Admitad Media Private Limited

Global Network of Civil Society Organisations for Disaster Relief

Cividep India

Work highlights

  • Advised Dennemeyer India Private Limited on a co-investment structure with other investors.
  • Advised Fircosoft India Private Limited on necessary regulatory compliances under the Foreign Exchange and Management Act and Reserve Bank of India guidelines.
  • Assisted BEMPU, a social enterprise dedicated to improving health care in India and around the world, in exploring possibilities for raising capital through equity investments using instruments which can allow easy exit in future.

Advaya Legal

In a highlight for Advaya Legal’s corporate advisory and M&A bench, co-heads Ramesh Vaidyanathan and Sharanya Ranga advised both targets and international private equity purchasers on share acquisitions, investment transactions, divestments and corporate expansion. Sectors of focus include IT, fashion, consumer goods and manufacturing. Corporate governance advice is provided to retained clients.

Key clients

Revolution IT Pty Limited Yes

Presidio Investors

Skechers South Asia Private Limited

Certified Collectibles Group

Dalberg Development Advisers Private


Nutreco N V and its group companies

Work highlights

  • Advised Australia-headquartered client Revolution IT Pty Limited on the sale of the assets of its Indian subsidiary to an Indian-listed company.
  • Advised Certified Collectibles Group on various aspects involving doing business in India, corporate law, corporate governance and exchange control regulations.
  • Advised Nutreco N V and its group companies on a range of aspects involving corporate law, corporate governance and exchange control regulations related to their business verticals including setting up of a factory unit and appropriate customer/vendor contracts and group entities doing business in India.


Long-standing clients of ATLAS LAW PARTNERS‘ corporate and M&A practice include Indian and foreign corporates in the renewable energy, real estate and manufacturing industries. The team, which is led by Niti Paul, assists with general M&A deals alongside more complex regulatory issues, government approvals and competition due diligence. Harry Chawla is the go-to partner for private equity transactions.

Practice head(s):

Niti Paul

Other key lawyers:

Harry Chawla

Key clients

Atria Group

M3M India Private Limited

Indian Farmers Fertiliser Cooperative Limited (IFFCO)

Euramco GmBh (formerly Sachsenfonds GmBh)

Kunshan QTech Microelectronics (India) Private Limited

Carzonrent (India) Private Limited

Krrish Group

Dalian Wanda Group

Manfield Chemical Investment Limited

Ebiquity India Private Limited

Adie Broswon Breweries Private Limited

A.B. Grains Spirits Private Limited

Emaar India Limited

Fosun Group

Hashed Inc.

Work highlights

  • Advised Kunshan Q Tech Microelectronics (India) Private Limited on acquisition of immovable assets from Havells India Limited.
  • Advised Intellicar Telematics Private Limited and its shareholders on the 100% sale of the company to TVS Motor Company Limited.

Hammurabi & Solomon Partners

Hammurabi & Solomon Partners' team advises on M&A deals (including distressed arrangements) outward investments by Indian companies, joint ventures and spinoffs. Headed by Manoj Kumar, the group excels in the infrastructure, real estate and automotives sectors.

Practice head(s):

Manoj Kumar

Key clients


JBM Magnetto automotive Private limited No

Vedanta Limited Yes

Gujarat Urja Vikas Nigam Limited (GUVNL) Yes

Orient Electronic Yes

Adani Power Limited (APL) Yes

Tata Housing Development Company Limited

Ansal Housing Limited

Wockhardt Limited

Strides Pharma

Ramky Enviro Engineers Ltd.

Lenskart Solutions

Work highlights

  • Advising FCIL on the joint venture agreements, concession agreement, lease agreement, financial documents etc. on various fertiliser plants such as a) Ramagundam Project b) Gorakhpur Project c) Sindri Project d) Talcher Project e) Korba Project.
  • Advised on the purchase of the entire shareholding magnetto automotive in the joint venture company known as JBM Magnetto automotive Private limited by an affiliate of JBM Auto.
  • Assisting Vedanta Limited with a series of acquisitions of mining sites.

Juris Corp

Healthcare is a sector of focus at Juris Corp‘s corporate, commercial and M&A group, with instructions spanning inbound investments, regulatory support and supply-line issues. Bangalore-based co-head Arunabh Choudhary recently completed mergers in the energy sector while co-head Avikshit Moral advised on the Indian operations of an international edutech company.


‘Exceptional expertise in the fintech and start-up space – young and talented team – readily available for services – client and business-centric approach.’

‘Arunabh Chaudhary is an exceptionally talented, qualified young first-generation lawyer who has set up fintech and start-up practices for Juris almost single handedly.’

Key clients

Greenergy Wind Corporation Private Limited

Credit Suisse, AG

NSEIT Limited

Lupin Limited

AceTute Limited

Work highlights

    Kanga & Company Advocates and Solicitors

    Kanga & Company Advocates and Solicitors performs domestic and international M&A and joint ventures under the guidance of ML Bhakta and Preeti Mehta. Recent highlights showed activity in the TMT sector, including sell-side instructions relating to data centre services. The team also handles work in the manufacturing, consumer goods and food and drink industries.

    Practice head(s):

    ML Bhakta; Preeti Mehta


    ‘We believe the team is very approachable yet professional. Their working style gives comfort of a personal touch which one could get lost in a large company.’

    ‘Has a passion to serve the customers. Walking an extra mile to ensure customer satisfaction.’

    Key clients

    GPX Global Systems Inc.

    United Breweries Limited

    Sumitomo Chemical India Limited

    Expanded Polymer System Private Limited

    JCB Limited

    Work highlights

    • Acting as the exclusive legal advisors to GPX Global Systems on acquisition of GPX India Private Limited and GPX India II Private Limited by Equinix India Private Limited and indirect acquisition of GPX India Services Private Limited, subsidiary of GPX India Private Limited.

    Obhan & Associates

    Obhan & Associates‘s extensive network of IP and data protection experts lends itself to corporate and commercial activity in publishing, media and other IP-rich sectors. Furthermore, practice head Ashima Obhan advises on joint ventures, M&A, strategic investments and contract negotiations for clients in the industrial, manufacturing, FMCG and financial services.

    Practice head(s):

    Ashima Obhan

    Key clients

    Buzil-WerkWagnerGmbh& Co. Kg

    Steer Engineering Private Limited

    Homage Ventures LLP

    HarperCollins Publishers India Private Limited

    Mountain Valley Springs India Private Limited (Forest Essentials)

    SMEC (India) Private Limited

    The Abdul Latif Jameel Poverty Action Lab (J-PAL) South

    Euromoney Institutional Investor PLC

    New Era Industries

    Euler Motors Private Limited

    Indian Energy Exchange Limited

    Penguin Random House India Limited

    SITAC Group

    ARC Craft Exports Private Limited

    Synergystic Financial Network Private Limited

    Oktober 6 Insight Private Limited

    Work highlights

    • Acted for STEER in a transaction where it provided an exit to its investors, Vistra ITCL (India) Limited.
    • Acted for HarperCollins and was successful in vacating an injunction that restrained the sale of the book Gunning for the Godman, an account of the capture of Asaram Bapu.
    • Advised Buzilin on its sale of its 40% (forty percent) stake in Buzil-Rossari to Rossari.

    Rajani Associates

    Acting for acquirers and sellers across a broad range of sectors, Rajani Associates’ experts have experience in M&A, leveraged buyouts, corporate reorganisations and divestments. Highlights include cross-border deals in the regulated defense sector and scheme mergers between financial services companies. Prem Rajani, Poorvi Sanjanwala and Ankur Singhania jointly lead the team.

    Key clients

    L3 Harris Technologies, Inc. USA

    Surendra Chaturvedi

    Future Focus Infotech Private Limited

    Meghraj Capital Advisors Private Limited

    Work highlights

    • Acted as Legal Counsel to L3 Harris Technologies on the Indian part of divestment of its Security and Detection Systems business to Leidos Inc.
    • Acted for and advised Mr. Surendra Chaturvedi and other Sellers on the sale of their shares in Praveen Laboratories Private Limited.
    • Acted for and advised Future Focus Infotech Private Limited and its promoters and other selling shareholders, in relation to the sale and purchase of shares of the company held by the shareholder.