Ashlar Law > Mumbai, India > Firm Profile

Ashlar Law
209, Rewa Chambers
31 New Marine Lines
Mumbai 400020
400020
India

City focus: Kolkata > Leading firms Tier 1

Counting manufacturing, biotechnology, pharmaceuticals, infrastructure, banks and aviation among its key roster of clients, Ashlar Law provides ‘very timely and sensible advice’ on cross-border transactions, particularly in financing, corporate and project development arenas. The firm also represents its clients both in civil and criminal matters, mainly before the High Court of Calcutta. Souvik Bhadra heads the practice and specialises in M&A, joint ventures, banking, and dispute resolution.

Practice head(s):

Souvik Bhadra

Testimonials

‘I identify Ashlar as a diamond in the rough. What I have always appreciated about Ashlar is their undying commitment to – quality control, value add and commerciality.’

‘Small law firm, good pool of resources, thorough knowledge of the sector/scope of work, excellent communication, nice mix of legal expertise and being pragmatic.’

‘Team approach is very important for any work. We are very happy with the team of Ashlar Law. We got all kinds of help, information and timely delivery from the team.’

‘The team is excellent. Juniors to seniors, all are very understanding and helpful. One day, I had a small issue, and the junior was by my side even though his work was over. He made sure I was well taken care of as a human and not run away as soon as his work was over.’

‘High integrity, knowledge, resourceful.’

‘Souvik Bhadra – after nearly a decade and a half of practice, he has built a solid name for himself and is regarded as a trusted partner by many general counsels across the globe.’

‘Souvik Bhadra was exceptional, sharp, concise and thorough.’

‘Souvik Bhadra is an outstanding lawyer, very responsive and commercial.’

Key clients

Allied ICD Services Ltd.

MSD India

Organon (India) Pvt. Ltd.

Sun Pharmaceuticals Industries Ltd.

Standard Chartered Bank

Bengal Speech & Hearing Pvt. Ltd.

Jupiter Wagon Pvt. Ltd.

Jupiter Electricity Mobility Pvt. Ltd.

Balmer Lawrie & Co. Ltd.

People Trust

Lallemand Inc.

Work highlights

  • Advised Jupiter Wagons Ltd., on their joint venture with CAF S.A., global leader of railway vehicles an equipment, and CAF India.
  • Advised Lallemand Inc. on importing a particular strain of genetically modified yeast to India to be utilised in ethanol production, in compliance with Indian laws.
  • Represented Allied (ICD) Services Ltd. in two writ petitions against the Government of India in matters under Constitution of India and Customs regulations.

India > Labour and employment Tier 3

The ‘very diligent and thorough‘ team at Ashlar Law acts for multinational pharma companies; banks and financial institutions; and government companies, handling the full spread of labour and employment mandates. Head of the practice and founding partner Pingal Khan splits his time between the firm’s Mumbai, Bengaluru, and Delhi offices, and handles the full range of employment matters, with particular strength in transactional and corporate employment issues-related mandates. Senior associate Roshan Jacob is recommended for labour disputes and gig economy contracts work.

Practice head(s):

Pingal Khan

Other key lawyers:

Testimonials

‘Very supportive team willing to provide timely help and counsel.’

‘The team is led by Pingal and has a vast experience in labour and employment issues and has been advising us for last 6 years. We always reach out to Roshan Jacob for labour law disputes.’

‘Ashlar Law, with its solution-oriented approach, offers a unique blend of industry-specific, curated, end-to-end corporate advisory and litigation support services to clients across various sectors.’

‘The extremely talented founding partner of Ashlar Law, Pingal Khan, brings with him not only a vast awareness of top industry practices but also academically focused, out-of-the-box and accessible legal solutions to clients.’

‘The Ashlar Law team’s knowledge of labour laws comes particularly handy considering our sector is a manpower-intensive sector. Their team’s ability to provide specific solutions to specific problems in a creative way has always been fantastic.’

‘Very diligent and thorough.’

‘Strong understanding of the complex labour law sector.’

‘Partners are really accessible and knowledgeable when it comes to answering our questions and reducing the danger of lawsuits. In times of crisis, team readiness and support are paramount and we have always received the same.’

Key clients

Workex Solution & Services Pvt Ltd

Gigforce Private Limited

Willis Towers Watson

Hindustan Unilever

North Shore Technologies Pvt Ltd

Firecompass Technologies Pvt Ltd

Unipe. Inc

T-Systems ICT India Pvt Ltd

Ocwen Financial Solutions Pvt Ltd

Sila Group

Infinyte Club Pvt Ltd

Jupiter Electric Mobility Pvt Ltd

Work highlights

  • Advised an education tech company with foreign holding structure in achieving compliance with ESOPs and RSUs to be issued to their founding team many of whom were not continuing as employees of the Company or were simply attached to the same as consultants.
  • Advised Infinyte Club in structuring its platform for providing access and liquidity to ESOP holders of private enterprises by accessing the retail investor market.
  • Advised Firecompass Technologies Pvt Ltd and Firecompass Technologies Inc in structuring their global ESOPs and inducting founder and KMP holding at the India level into the US Co cap table through use of ESOPs.

India > Corporate and M&A Tier 5

Counting start-ups, SMEs, and major multinationals amongst its key clients,  Ashlar Law is ‘extremely responsive and creative’, delivering tailored advice on cross-border M&A and corporate restructuring. Displaying particular strength in the digital banking, fintech and data privacy spheres, the Mumbai-based co-head Souvik Bhadra is an ‘experienced practitioner’, regularly advising clients on foreign investment and joint ventures. From Bengaluru, Pingal Khan co-leads the group, handling private equity and tax structuring transactions.

Practice head(s):

Souvik Bhadra; Pingal Khan

Other key lawyers:

Shreshta Garge

Testimonials

‘Souvik Bhadra is my first point of contact. Clients are basically irrational and they don’t know what they want. The partners stand out in their ability to understand what the client wants even if they themselves are not sure. They don’t fluff the answers but still make it easy for clients to understand. They go out of their way to make sure clients issues are addressed. It helps to know that someone has my back and not just billing me. Honesty and integrity is what sets them apart.’

‘The team is extremely responsive and creative at finding solutions. The ideas they provide to tackle our legal issues have time and again proven to be fantastic.’

‘The team is very thorough in corporate and M&A practice and have extensive knowhow on deal structuring. The team is capable in negotiating and putting the clients interest at the forefront.’

‘Ashlar Law distinguishes itself from other firms in India by its unsurpassable responsiveness and client service. Ashlar attorneys and staff provide expert legal analysis, make themselves readily available for video and other calls, answer emails promptly, and meet deadlines. These qualities are not routinely found in other firms.’

‘I work with Souvik Bhadra nearly exclusively. Souvik has a keen legal mind and approaches issues in a systematic way that analyzes a matter from all perspectives. He becomes one of the client’s team and treats client cases as if they were his own.’

‘The Ashlar partner, Pingal Khan is very much approachable and knowledgeable about M&A matters. Our tax partners and in-house counsel including global has high value and appreciate his legal expertise on mergers and acquisitions. The team’s expertise in M&A, response time, and on-the-ground support are outstanding.’

‘The team has been particularly sharp in handling restructuring issues including representing the group in merger matters before the NCLT. They are most unique in the way they handle an entire transaction and all its moving pieces and various creditors together in a manner that the company receives a holistic service and can deal with a single point of contact.’

‘Pingal Khan, Partner and Shreshta Garge, Associate; Pingal Khan has vast experience in cross border M&A matters and has been critical in guiding us through regulatory hurdles and always finds the most elegant solutions that reduces our legal risks while ensuring no disruption to our business. Shreshta is incredibly prompt, friendly and thorough with her work and is dependable.’

Key clients

WTW (Willis Towers Watson)

Hindustan Unilever

A5G Networks Inc

Datamatics Group

Digital Green

National Payment Corporation of India

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.

Epifeast India Pvt. Ltd.

Lallemand Inc.

Work highlights

  • Representing Willis Consulting Services Pvt. Ltd. and WTW Global Delivery and Solutions India Pvt. Ltd. in their amalgamation through merger at the National Company Law Tribunal, Mumbai.
  • Ashlar Law advised Epifeast Inc. and its Indian subsidiary in externalisation of the original Indian entity Nymble Labs Pvt. Ltd. into a Delaware C-corp holding and Indian subsidiary structure, helped mirror the existing capital structure, set up transfer pricing guard rails between the two entities, and further supported Epifeast Inc. in its fresh fundraise from Water Bridge Ventures and 021 Capital.
  • Advised Jupiter Wagons Ltd., a leading Indian manufacturer of railway freight stock and wagons, in their joint venture with CAF S.A., global leader of railway vehicles and equipment, and CAF India (subsidiary of CAF S.A.).