Leading Individuals

Private client in India

AZB & Partners

AZB & Partners is highly regarded by a sizeable roster of ultra-high-net-worth individuals (HNWIs), family offices, and financial intermediaries for its capabilities in high-value corporate transactions, inter-generational wealth transfers, family governance, disputes, and alternative asset classes. Practice co-head Shreya Rao works from the firm’s Bangalore office, advising numerous non-resident Indian clients with assets and business interests in the US, the UK, and Singapore. Mumbai-based co-head Anand Shah regularly advises HNWIs and promoters on succession planning, the restructuring of holdings, and personal liabilities. In New Delhi, Hardeep Sachdeva concentrates on wealth transfers and complex family settlements, including de-mergers, and dual-qualified chartered accountant and solicitor Ajay Bahl is recommended for his experience in structuring and transfer pricing.

Other key lawyers:

Zia Mody

Testimonials

‘AZB’s private client practice is really good, with Anand Shah and Shreya Rao bringing comprehensive experience to the table. They have a great ability to connect with clients and give them timely advice.’

‘Really appreciate the quick turnaround.’

‘Anand Shah is always available for brainstorming and for answering any queries. He really understands the client’s requirements well and is very quick to come up with commercial solutions.’

‘There is an internal standard that keeps this firm at the top. When everyone works at their best you build a world-class firm. Zia Mody, Anand Shah and the team have been excellent in their advice to our single family office. Their ability to tackle complex and often emotional issues in a humble, practical way has helped tremendously. Other firms are very transactional and expect to move quickly into an engagement. AZB is willing to invest into the relationship and is not just commercially focused.’

‘Humility, approachability, and sharp acumen set AZB apart.’

‘The strong point of this practice is that your contact point seamlessly reaches out to specialised professionals for advice. This is why a client is able to access the full strength of AZB.’

‘They have a more strategic approach rather than taking on legal challenges one by one. The advice is very personalised and the team is service oriented . They behave as though they are truly your company’s legal team. They are competent and humble at the same time, and are also flexible and move fast in terms of adopting the latest and best practices.’

‘Anand Shah is our go-to partner. He is outstanding in terms of both competence and responsiveness and also moving strategically. He is quick when early action is called for and mature when thought needs to be applied. Both my team and I are very happy with him. He is extremely ethical and focused on governance.’

Key clients

Goldman Sachs

Kotak Mahindra

JP Morgan

Entrust Family Office

Griffin Family Office

DBS

Merrill Lynch

Edelweiss Wealth Management

Centrum Wealth Management Limited

Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas is called upon by a number of the nation’s leading HNWIs and family businesses to advise on wealth management, reorganisations, and estate and succession planning – often on a cross-border basis. In recent months, the team’s international capabilities have been further strengthened by the February 2021 opening of a representative office in Singapore focused on private client mandates. Cyril Shroff leads the Mumbai-based practice; he is a highly experienced corporate and commercial lawyer who advises family offices in India and abroad on wealth management and corporate governance. Rishabh Shroff regularly handles family constitutions, settlements, and the establishment of bespoke private and philanthropic trusts. Radhika Gaggar is noted for her expertise in cross-border private acquisitions, exchange control, and takeover regulations.

Practice head(s):

Cyril Shroff

Other key lawyers:

Rishabh Shroff; Radhika Gaggar

Testimonials

‘Fine team of skilled and experienced lawyers who are responsive and well-versed.’

‘The team listens carefully before coming up with suggestions which is a rare quality. The entire team are professional and have good experience in most legal matters. Great speed of turnaround and focus.’

Khaitan & Co LLP

Based in Mumbai, Khaitan & Co.'s renowned private client practice group acts for high-net-worth promoters, families, banks, and financial institutions on restructurings, the creation of trusts and wills, and various residency matters. Haigreve Khaitan is a highly experienced litigator and family adviser who is routinely sought out by major domestic conglomerates and family businesses operating in a diverse array of sectors. Bijal Ajinkya is a highly active partner whose expertise in taxation, trust structuring, and estate planning sees her leading on a myriad of contentious and non-contentious mandates. Anuj Shah regularly advises Indian families on cross-border transactions.

Other key lawyers:

Anuj Shah

Testimonials

‘Khaitan has a phenomenal private client practice that can handle all manner of matters.’

‘We work extensively with Bijal Ajinkya. Her ability to find practical solutions and at the same time abide by the regulations is simply amazing. She is available for any call at any time and also devotes a lot of time to client meetings.’

‘Well-equipped for all HNWI needs.’

‘Bijal Ajinkya is knowledgeable, experienced, and solution-oriented.’

‘They are very easy to deal with and give you a lot of confidence.’

‘We were most satisfied with the results we got from KCO. They provide a level of comfort and protection which is key for any client. They have the utmost level of professionalism. Their knowledge is extremely high level, which allows them to provide innovative solutions. Their decades of experience allow them to foresee potential pitfalls in the transaction/advisory.’

‘We have primarily worked with Bijal Ajinkya and her team. Their response time is amazing. Their general aura of keeping the meeting light and explaining the most difficult of concepts with ease makes things easy for the client. The command of their subject gives a boost of confidence to the client. Even if the client is faltering or procrastinating, they will follow up in the client’s interest and push the client towards closure.’

‘Bijal Ajinkya is very highly regarded and an expert in the field.’

Key clients

Rosy Blue

Julius Baer Wealth Advisors

Kotak Wealth Management and Kotak Trusteeship Services

Barclays Wealth Trustees

Work highlights

  • Advising the clientele of the Kotak Wealth Management and Kotak Trusteeship Services on a range of matters involving estate planning needs.
  • Advising the Barclays Wealth Trustees on the efficiency of the proposed trust structure from an asset protection, income tax and potential estate duty perspective.
  • Working with Julius Baer Wealth Advisors to provide advisory services to their clients on various matters ranging from private trusts, migration, income tax and exchange control regulations.

Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas & Co’s dedicated private client practice group acts for a mix of high-net-worth entrepreneurs and promoters on the full gamut of wealth management matters. In addition, the team advises some of the most high-profile corporate houses and and industrial groups in the country, in sectors ranging from mining, energy, and engineering to pharmaceuticals and financial services. Department head Divi Dutta regularly advises on trusts, wills, estates, and asset planning – both domestic and offshore. Vrinda Pareek is noted for her experience in multi-party settlements and cross-border succession planning matters. All named lawyers are based in New Delhi.

Practice head(s):

Divi Dutta

Other key lawyers:

Vrinda Pareek

Key clients

O.P Jindal Group

Hero Group

HPL Electric Private Limited

Cigniti Technologies Limited

 

Work highlights

  • Advising O.P. Jindal Group on a family settlement agreement and succession planning.
  • Advising the promoters of the Hero Group on a family settlement agreement.
  • Drafting and overseeing the execution of a family severance agreement entered into between the promoters of Cigniti Technologies.

SNG & PARTNERS

A litany of family businesses and HNWIs seek out SNG & PARTNERS for assistance in a slew of private wealth and tax planning matters, including major charitable donations and personal transactions. Veteran market presence Rajesh Narain Gupta routinely advises high and ultra-high-net-worth clients – including non-resident Indians from around the world – on major trust and estate planning matters. Anju Gandhi is noted for her significant experience in succession planning and charitable foundation structuring. All named lawyers are based in Mumbai.

Practice head(s):

Rajesh Gupta

Other key lawyers:

Anju Gandhi

Key clients

Mr. Madhav Bhaggeria

Veritas Legal

Veritas Legal‘s Mumbai-based team draws upon an expansive international network of private wealth advisers, frequently acting for high-net-worth promoters and family businesses on multi-jurisdictional mandates. The highly experienced Abhijit Joshi advises on wealth and estate planning, including the formation and operation of trusts. Kunal Doshi concentrates on wealth preservation and business succession structures, assisting clients with family agreements and constitutions, applying for regulatory approvals, and testamentary proceedings.

Practice head(s):

Abhijit Joshi; Kunal Doshi

Testimonials

‘The commitment to excellent client service and focus on finding pragmatic solutions in situations where there is often a complicated international tax and legal overlay is what sets Veritas apart from other practices in the region; this is particularly so on private client matters, where high-calibre specialist resource is hard to find.’

‘Abhijit Joshi is excellent. He knows his stuff technically and has an instinctive feel for the right answer. He is also superb at dealing with clients: they feel very well looked after and know they are in good hands from the outset.’

‘Kunal Doshi is superb. Very user friendly and on top of his game.’