Firm Profile > Gagrats > Mumbai, India

MUMBAI 400 021

Aviation (including aerospace and defence) Tier 1

Rustam Gagrat, aviation head at Gagrats, handles all manner of transactions in the sector including aircraft financing, aircraft acquisitions, cross-border leasing, sale and leaseback arrangements and equipment leasing. Clients include domestic carriers and international airlines. Aviation authorities retain the team for regulatory and policy advice.

Projects and energy Tier 3

Gagrats acts for Indian and foreign clients in a range of infrastructure projects and energy matters. The team is particularly active assisting privately or publicly-held power companies, but is also adept at advising infrastructure projects, including airports and those pertaining to the telecoms sector. Noteworthy practitioners include Rustam Gagrat and Uma Nagarajan.

Other key lawyers:

Dispute resolution: litigation Tier 4

Gagrats specialises in public sector disputes, which it handles alongside competition, commercial, tax and IP litigation. Rustam Gagrat often represents clients in disputes spanning banking, energy, aviation, infrastructure and private equity.

Practice head(s):

Real estate and construction Tier 4

Fielding a strong presence in Mumbai and Pune, Gagrats is particularly well equipped to assist with the development and sale of commercial property. Dispute resolution also features on the firm’s real estate service offering. Rustam Gagrat and Krunal Gadhia jointly lead the practice.

Corporate and M&A Tier 5

Gagrats provides legal support to domestic and international corporates in relation to acquisitions, disposals and joint ventures. Its client base operates in a variety of industry sectors, ranging from consumer products to pharmaceuticals, aviation, engineering and energy. The team is experienced in cross-border transactions and privatisations. Rustam Gagrat advises on the gamut of corporate and M&A matters, with a special emphasis on joint ventures and business transfers. Haseena Tapia is another key individual in the practice.

The Firm: Gagrats has a broad based practice cutting across a wide range of legal disciplines with an associate office in New Delhi.

Most of the members of the Firm have attended prestigious universities in England, the US, Canada and India such as Cambridge University, The London School of Economics, Kings College London, Warwick University, The Harvard Law School, McGill University and The National Law School University of India. Some of the partners of the firm have also qualified as Solicitors of the Supreme Court of England.

Members of the firm have represented clients on significant cross border financings, path breaking M&A deals in India and overseas, private equity deals, stake sales and large infrastructure projects. The firm has also represented issuers on securities Offerings including Offerings of American Depository Receipts (ADRs), Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs) and Rights Issues.

The Firm and its Partners have also been the recipients of various awards including the 2021 and 2020 ‘Leading Lawyers’ award; the 2021 M&A Law award; 2020 Best Asian M&A Law Firm award and the 2019 & 2018 ‘Corporate M&A’ award; 2021, 2020 & 2019 ‘Aviation Law Firm of the Year’ award; 2021, 2020 & 2019 ‘Banking & Finance Law Firm of the Year’ award; 2018 & 2017 ‘Leading Real Estate Advisor of the Year’ award; 2018 ‘International Commercial Arbitrators of the Year’ award; 2018 ‘Leader in Energy Projects’ award; 2018, 2017 & 2016 ‘Dispute Resolution’ award; 2019, 2018 & 2017 ‘Antitrust & Competition Law Firm of the Year’ award; 2021, 2020 & 2019 ‘Tax Law Firm of the Year’ award; 2016 ‘Intellectual Property Practitioner of the Year’ award; 2019 & 2016 ‘Capital Markets Law Firm of the Year’ award, as a ‘Recommended Law Firm for Capital Markets’ 2018; the 2016 & 2015 ‘Bankruptcy & Restructuring’ award, the ‘Innovation and Excellence’ award, 2017, the 2015 ‘Legal Comprehensive Law’ award and the ‘Excellence’ awards, 2015.

The Firm and its Partners have also been recognized as one of the Top 100 Leading Law Firms of 2020, in IBLJ’s A List including in 2019 and 2020, and as amongst the Most Responsive Law Firms in India, the Most Innovative Law Firm / Innovative Lawyers for 2017, 2018 & 2019; as amongst the Most Trusted Corporate Lawyers India, 2018, as an International Advisory Expert, 2019, as a Market Leading Lawyer, 2018, as the Most Outstanding Law Firm of 2016 and 2017 – India; as International Leaders in Law, 2017, as amongst the Top 25 Legal Consultants of the Year, and as one of 2015’s Top 250 Leading Law Firms.

Gagrats has been ranked as a ‘Leading Law Firm’ by Chambers & PartnersChambers Asia PacificThe Legal 500 Asia PacificAsia Law ProfilesIFLR1000IBLJ, Which Lawyer PLC and Who’s Who Legal.

Areas of practice: Arbitration; Aviation; Asset  Based  Finance;  Banking;  Bankruptcy; Capital  Markets; Commercial Law; Competition Law; Corporate Law; Energy; Exchange Control; Foreign Investment; Franchising; Information Technology; Infrastructure; Insurance; Intellectual Property; International Finance; Joint Ventures; Labour Law; Litigation; Mergers and Acquisitions; Mutual Funds; Mining, Oil and Gas; Power Projects; Privatisations; Project Finance; Private Equity; Real Estate; Restructuring;Securities  Law;  Securitisations;  Shipping;  Taxation  (both  Direct  &  Indirect); Technology Transfer; Telecommunications; TMT and Trademarks.

Key areas of practice

Aviation: The firm represents major domestic and international airlines and multilateral aviation authorities, and has considerable experience in cross border financings relating to the purchase and leasing of aircraft. The firm has been involved in some of the largest aircraft financing deals in India, involving both US Exim Bank and the European Credit Agency, in financings which were selected by Air Finance as the “Deal of the Year”, in repossession of Aircraft; in significant restructurings, cross border investments, commercial cooperation agreements, MRO agreements and M&A deals in the aviation sector, etc.

The Firm’s Aviation Practice has been the consistent recipient of Awards from 2008 till 2020 and as the 2021 “Aviation Law Firm of the Year – India”. The Firm is also recognized as 2021’s Leading Legal Advisor in Aviation – India, listed in ‘Ones to watch 2020: Best in Aviation Law 2020 – India’, recipient of the Award for Excellence in Aircraft Finance and Acquisitions- India in 2019 and the Most Influential in Aviation Law, 2018.

Banking and finance: The firm represents major Indian and foreign banks, multilateral lenders, domestic and foreign funds and Foreign Institutional Investors. The firm has considerable experience in corporate finance, including on external commercial borrowings, securitisations, project finance and corporate debt restructuring. Members of the firm have been involved in significant financings, including those selected by Euromoney as the “Deal of the Year,” and in some of the largest External Commercial Borrowings and Financings in the Aviation, Engineering, Infrastructure, Pharmaceuticals and Power Sectors.

The Firm’s Banking and Finance Practice has been the recipient of several Awards from 2011 till 2020 and as the 2021 “Banking and Finance Law Firm of the Year – India”.

Capital markets: Clients include several leading publicly listed companies. Members of the firm have experience on a range of Public Issues, including Initial Public Offerings (IPOs), Preferential Issues, Non-Convertible Debentures (NCDs), Rights Issues, Institutional Placement Programmes (IPPs) as also on Global Offerings of American Depository Receipts (ADRs), Global Depository Receipts (GDRs) and Foreign Currency Convertible Bonds (FCCBs).

The firm has been the recipient of the 2013, 2014, 2015 & 2016 ‘Capital Markets Law Firm of the Year – India’ award and is a ‘Recommended Law Firm for Capital Markets, 2018’.

Competition law: Work involves advisory and contentious work, before the Competition Commission of India. The firm has advised its clients on competition law relating to several significant domestic and cross border deals and contracts.

The firm has also been the recipient of the 2014, 2015, 2016, 2017 and 2018 ‘Antitrust & Competition Law Firm of the Year’ award.

Corporate (including M&A): The firm advises leading foreign and Indian corporates and international organizations on acquisitions and disposals, both in India and overseas, including in the consumer products, engineering, pharmaceuticals, information technology, mining, shipping, courier services, oil & gas, logistics, real estate, hospitality, aviation, retail, defense, advertising, publishing, chemicals, travel and leisure sectors.

The firm has been involved in some path breaking cross border M&A deals. Members of the firm have also represented foreign and Indian corporates as bidders in the privatisation process.

The firm has been the recipient of several awards for its M&A work including the 2021 M&A Law Award, 2020 Best Asian M&A Law Firms Award, the ‘M&A Law Firm of the Year – India’ awards from 2014 to 2019, the ‘Best Corporate and M&A Law Firm 2018 – India’ award, the 2016 ‘Cross Border M&A’ award, the 2016 ‘A I’ award as the ‘Best Aviation M&A Law Firm – India’,  the 2014 and 2016 ‘Deal Maker’ award, the 2013 ‘Asian Mena Counsel Deal of the Year’ award, the 2013 ‘India Business Law Journal Dealmaker’ award, and is listed in 2015’s One’s to Watch M&A and has been awarded.

Dispute resolution: Work includes competition law, corporate, commercial, intellectual property, labour, securities and taxation matters before a wide range of courts and tribunals. The firm also handles domestic and international arbitrations, and has been involved in several high profile arbitrations in India.

The firm’s litigation practice has been the recipient of the 2018, 2017, 2016 and 2015 ‘Dispute Resolution’ award, the 2015 ‘Cross Border Dispute Resolution’ award, the 2016 ‘Sustained Excellence in Cross Border Disputes – India’, the ‘International Dispute Resolution’ award 2017, ‘A I Dispute Resolution’ award 2017, the 2018 ‘International Commercial Arbitrators of the Year’ award and has been ranked by Benchmark Litigation.

Energy, Engineering and Infrastructure: The members of the Firm have been involved in several major power projects in India and overseas in which they have acted for and advised foreign and domestic power companies and state electricity boards on IPPs, Co-generation projects, Solar and Wind Power Projects and more recently on Nuclear Power Projects.

The Firm also advises leading corporates in the Engineering sector in relation to their business engagements, establishment of facilities, joint venture initiatives, protection of IPR, manufacture and supply of their products in India and Overseas, sustenance in various jurisdictions and on regulatory requirements / legal documentation. The Firm has also advised on other infrastructure projects such as oil and gas, mining, ports, pipelines, special economic zones (SEZs), airports, and telecommunications.

The firm has been recipient of the 2016 ‘Offshore Excellence’ award as a ‘Recognised Leader in Energy Projects – India’ and recognized as a ‘Notable Law Firm for Energy and Natural Resources by Asia Law Profiles’ 2018.

Intellectual property: Regulatory work for both foreign and Indian clients includes trademark, copyright and patent registrations, assignment and licensing work. The firm has considerable experience in contentious IPR matters, including passing off and infringement work.The firm has received the 2016 ‘Intellectual Property Practitioner of the Year – India’ award.

Real estate:  The firm’s real estate team has been involved in several significant real estate projects in India.

The firm has been the recipient of AI Magazine 2017 ‘Global Excellence’ award as ‘Leading Real Estate Adviser of the Year – India’. The firm is ranked as a ‘Recommended Law Firm for Construction & Real Estate’, and as a ‘Notable Law Firm for Projects and Infrastructure’ by Asia Law Profiles, 2018.

Restructuring, Insolvency and Bankruptcy: The Firm’s restructuring, insolvency and bankruptcy practice involves practice before a wide range of courts and tribunals. The Firm advises on merits and procedural formalities involved in reorganisation, corporate insolvency resolution process (voluntary and involuntary), liquidation process, voluntary liquidation of corporate persons and fast track corporate insolvency resolution process under the Insolvency and Bankruptcy Code of India, 2016. The Firm has received the 2016 & 2015 Bankruptcy & Restructuring Award.

Taxation: There is a large practice in corporate, direct and indirect tax.

The firm has been the consistent recipient of several awards in 2013, 2014, 2015, 2016, 2017, 2018,  2019, 2020 & 2021 as the ‘Law Firm of the Year – Tax’ and as ‘Corporate Tax Law Firm of the Year’ in India’.

TMT: Clients include leading Indian and foreign e-commerce, information technology and media companies.

Members of the firm have been involved in some of the largest private equity deals in information technology sector, and also in IPOs, GDRs and ADRs offerings, licensing and BPO agreements, Online Portal User agreements and website policies of information technology and e-commerce companies.

Department Name Email Telephone
Mumbai Mr. Rustam Gagrat 022-67529037 - 52
Mumbai Ms. Haseena Tapia Shahpurwalla 022-67529037 - 52
Mumbai Mr. Krunal Gadhia 022-67529037 - 52
Mumbai Ms. Uma Nagarajan 022-67529037 - 52
New Delhi Mr. Ujjwal Rana 011-23322311 - 12
Photo Name Position Profile
Ms Arpana Dhariwal  photo Ms Arpana Dhariwal Partner, Gagrats, Mumbai.
Mr Zeeshan Farooqui  photo Mr Zeeshan Farooqui Partner, Gagrats, Mumbai.
Mr RUSTAM GAGRAT photo Mr RUSTAM GAGRAT Senior Partner, Gagrats, Mumbai, & Gagrat & Co, New Delhi.
Mr Krunal Gadhia  photo Mr Krunal Gadhia Partner, Gagrats, Mumbai
Mr Khanjan Jasani  photo Mr Khanjan Jasani Partner, Gagrats, Mumbai.
Ms Uma Nagarajan photo Ms Uma Nagarajan Partner, Gagrats, Mumbai.
Ms Ramya Sankaran  photo Ms Ramya Sankaran Associate Partner, Gagrats, Mumbai.
Ms Ipshita Sen  photo Ms Ipshita Sen Partner, Gagrats, Mumbai.
Ms Haseena Tapia Shahpurwalla  photo Ms Haseena Tapia Shahpurwalla Partner, Gagrats, Mumbai.
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