Cyril Amarchand Mangaldas > Mumbai, India > Firm Profile

Cyril Amarchand Mangaldas
MUMBAI 400 013

India > Banking and finance Tier 1

Cyril Amarchand Mangaldas offers advice on project finance work, commercial borrowings and debt restructurings to clients from multiple industries, with a particularly strong presence in the energy and infrastructure sectors. L. Viswanathan regularly advises corporates on project financings with specific expertise in the regulatory aspects of the energy sector; he jointly heads up the team with acquisition and real estate finance expert Leena Chacko, bond and structured debt financing specialist Santosh Janakiram, and Cyril Shroff. Amey Pathak regularly advises major Indian and multinational banks and financial institutions on project development and project finance mandates. Gayatri Shanker and Subhojit Sadhu are other key contacts.

Practice head(s):

Cyril Shroff; L. Viswanathan; Leena Chacko; Santosh Janakiram

Key clients

PGP Glass Private Limited

Coöperatieve Rabobank U.A., Mumbai Branch

Piramal Pharma Limited

Standard Chartered Bank

Union Bank of India

Tata AutoComp Systems Limited

State Bank of India

Andhra Pradesh Urban Infrastructure Asset Management Limited

Sumitomo Mitsui Banking Corporation Singapore Branch and Barclays Bank

NCR Eastern Peripheral Expressway Private Limited

Axis Bank Limited

SWAMIH Investment Fund I

The Hongkong and Shanghai Banking Corporation Limited

India > Capital markets Tier 1

Cyril Amarchand Mangaldas fields a full-service capital markets practice, which handles a broad spectrum of capital markets work, including high-profile IPOs, large-scale rights issuances, buybacks and debt issuances. The group covers a broad range of areas, advising clients from investment banks to private equity investors on regulatory matters alongside financial transactions. National head Yash J. Ashar has particular expertise in structured finance and securitisation work, IPOs, follow-on offerings and qualified institution placements. Kranti Mohan has developed an impressive advisory practice, handling the establishment and listing of businesses, infrastructure investments and real estate investment trusts, while Gokul Rajan has a strong reputation in equity and debt transactions.

Practice head(s):

Yash J. Ashar

Other key lawyers:

Vinay Sirohia; Kranti Mohan; Gokul Rajan; Janhavi Seksaria


‘Cyril Amarchand Mangaldas has several partners that stand out in their performance. Vinay Sirohia has a solution-oriented mindset. Kranti Mohan is an excellent leader and groomed his team to grow independently. Janhavi Seksaria is probably the most promising one. She is full of energy and passionate about her work.’

‘Top notch professionals with deep expertise & domain knowledge.’

‘Domain expertise and problem-solving attitude.’

Kranti Mohan and his team not only have strong knowledge about the extant regulations but also experience across the capital market sector and jurisdictions to assist us in being prepared for the possible evolution of the regulations. We greatly appreciate them as our partners.’

‘Holistic and practical advice on tricky regulatory position is extremely helpful.’

‘Kranti Mohan is the foremost authority on legal matters in India.’

‘Kranti Mohan is excellent.’

Key clients

Piramal Enterprises Limited

Solar Industries India Limited

JP Morgan Securities India Private Limited

India > Corporate and M&A Tier 1

Counting high-profile companies from across the aviation, renewable energy, and finance sectors amongst its client-base, Cyril Amarchand Mangaldas covers all aspects of regulatory, investment, and corporate matters. The group boasts considerable expertise on insolvency-related M&A, along with complex corporate governance and litigation issues. With the whole team based in Mumbai, managing partner Cyril Shroff provides extensive advice on banking and financial regulatory proceedings, whilst Reeba Chacko specialises in private equity and venture capital investments. Nivedita Rao focuses on corporate restructurings, and Akila Agrawal handles joint venture work. Himanshu Narayan is an expert on corporate finance, and principal associate Aviral Chauhan is also noted for his international M&A work.

Practice head(s):

Cyril Shroff; Reeba Chacko; Nivedita Rao; Akila Agrawal

Other key lawyers:

Aditi Singhvi; Aditya Prasad; Ishita Khandelwal; Sonakshi Arora; Archit Bhatnagar; Shubham Rustogi; Himanshu Narayan; Aviral Chauhan


Excellent collaboration and digital skills. We have been working remotely overcoming many challenges with a team fully at ease with modern technology. also responsive and knowledgeable for corporate and M&A matters!

Very responsive professionals. very focused on client needs, and agile to adapt to requirements from foreign clients.

They have good knowledge on the subject matter and their experience in handling corporate and M&A transaction makes them uniquely positioned to handle the matter from start to end.

Very good technical knowledge of law. Practive and practical approach.


Key clients

Adani Group

Tata Group

Reliance Group

Piramal Enterprises Limited

Essar Group

Larsen & Toubro Infotech Limited

Viacom 18 Media Private Limited

Tenneco Inc.

Unity Small Finance Bank Limited

Suven Pharmaceuticals Limited

Allen Career Institute


L&T Finance Holdings Limited

Prestige Estates Projects Limited

Sanmina Corporation

Ezetap Mobile Solutions Pte Ltd

Gland Pharma Limited

GE Steam Power Switzerland GmBH

India > Dispute resolution: arbitration Tier 1

Acting for prominent multinational corporates and domestic clients, the seasoned and experienced team at Cyril Amarchand Mangaldas remains a powerhouse in the arbitration space, both domestically and internationally. With broad geographic spread and clients spanning a wide range of sectors, the team has recently seen an increase in instructions in the area of insolvency and bankruptcy. Managing partner Cyril Shroff and Indranil Deshmukh oversee the firm’s disputes practice, with ‘market leaderShaneen Parikh heading the firm’s international arbitration practice. The ‘outstandingAditya Mehta is a key name for infrastructure and projects-related arbitration, while Omar Ahmad is recommended for his ‘unparalleled legal knowledge and ability to think on his feet.’

Practice head(s):

Cyril Shroff; Indranil Deshmukh; Shaneen Parikh

Other key lawyers:


‘CAM has the capability to bring in a subject matter expert in any legal field your matter drifts towards.’

‘Very sharp and capable.’

‘The team has deep bench strength and collaborates well across practice areas to ensure sufficient expertise is brought to each matter.’

‘Aditya Mehta is an outstanding litigator and has always achieved excellent results for us.  He is extremely strategic, sophisticated and business-oriented.’

‘Shaneen Parikh, in my view, is a market leader for international arbitration work. She has incredible subject matter expertise, on-point practical insight and is a real pleasure to work with.’

‘Omar Ahmad is a rising rock star, with unparalleled legal knowledge and ability to think on his feet.’

Key clients

Green Infra Wind Energy Limited (“GIWEL”)

Cobra Instalaciones y Servicios, S.A.

HLV limited


Board of Control for Cricket in India

IRCON International Ltd. (IRCON)

Pritvish Shetty and Saloni Jain

Shah Alloys Limited

India > Dispute resolution: litigation Tier 1

With offices spread across the country, Cyril Amarchand Mangaldas has a sizeable team of experienced litigators that acts for governmental entities, heavy industry companies, and financial institutions on the full spectrum of litigation matters. Indranil Deshmukh heads the dispute team, working alongside arbitration head Shaneen Parikh and managing partner Cyril Shroff; all three are based in Mumbai. Also in Mumbai is ‘top-notch litigatorAditya Mehta, recommended for general commercial disputes. Bankruptcy and insolvency disputes are an area of recent growth for the team. The firm strengthened its South India disputes offering with the 2022 arrival of Bengaluru’s Lomesh Kiran Nidumuri, formerly at IndusLaw. Gauri Rasgotra left to start her own practice in December 2022.

Leading individuals

Gauri Rasgotra - Gauri Rasgotra Law Offices

Practice head(s):

Cyril Shroff; Indranil Deshmukh; Shaneen Parikh

Other key lawyers:

Aditya Mehta; Lomesh Kiran Nimuduri; Amita Katragadda


‘Aditya Mehta is a top-notch litigator with an outstanding track record. The level and quality of his legal services are unmatched and he is a pleasure to work with.’

The team is very enthusiastic, and pro active in their approach. They are good at grasping the subject and developing a strategy.

Key clients

Committee of Creditors of Dewan Housing Finance Corporation Limited (“DHFL”)

Infrastructure Leasing & Financial Services (IL&FS)

IDBI Bank Limited

Jindal Stainless Limited (Resolution Applicant of Mittal Corp Limited)

The Committee of Creditors of Meenakshi Energy Limited.

Banks and Financial Institutions led by IDBI Bank Limited, comprising the Committee of Creditors

CoStar Group Inc. and CoStar Realty Information Inc.

Committee of Creditors of the consolidated Videocon group companies

Larsen & Toubro Infotech Limited

YES Bank Limited and JC Flowers Asset Reconstruction Private Limited

Board of Control for Cricket in India

The National Stock Exchange of India Limited (“NSEIL”)

Johnson & Johnson Pvt. Ltd.

The Board of Control for Cricket in India (BCCI)

National Stock Exchange of India Limited (“NSEIL”)

Asset Reconstruction Company (India) Ltd. (“ARCIL”)

Axis Bank

The CEO of Navi Technologies Private Limited

Zomato Limited

Department of Investment and Public Asset Management, Union of India and Ministry of Law and Justice, Union of India

India > Fintech and financial services regulatory Tier 1

Domestic and global banks, core investment companies and digital lenders are among the clients of the ‘exceptional’ team at Cyril Amarchand Mangaldas, with work including public and private M&A concerning regulated financial services companies, asset transfers, compliance, risk assessment and investigations. The practice is jointly led by fintech specialist Anu Tiwari, who is described as ‘top notch in the payments and bank regulatory space’; managing partner Cyril Shroff and L. Viswanathan, who is well placed to advise on the regulatory aspects of major energy projects. Ketaki Mehta specialises in venture capital and angel investments, while Jian Johnson has specific expertise pertaining to transactions involving transport infrastructure. Principal associate Utkarsh Bhatnagar is another name to note.

Practice head(s):

Cyril Shroff; L. Viswanathan; Anu Tiwari


‘They are very easy to integrate as India local counsel. They do a very good job staying in touch and providing relevant updates on legal issues in India.’

‘Most of my work is with Anu Tiwari. He is top notch in the payments and bank regulatory space. He is efficient, pro-active and capable. He inspires confidence, looks for creative solutions to issues and is an excellent team player.’

‘Team has overall knowledge and is open to hear different approaches and is solution-oriented.’

‘Anu Tiwari -has in-depth and wide knowledge of various issues in the fintech sector.’

‘Pallavi Rao is reasonable and open to alternate views.’

‘CAM is my go to firm in India. They are exceptional.’

‘Anu Tiwari is a true leader in his field and I would highly recommend him and his team.’

Key clients

IDFC Group

Bank of Baroda


American Express

Madison Dearborn Partners

Nextbillion Technology Private Limited (“Groww”)

DMI Finance Group (“DMI”)

Resilient Innovations Private Limited (“BharartPe”)

Saudi National Bank

Bitcipher LLP (“CoinSwitch Kuber”)

India > Private client Tier 1

The renowned team at Cyril Amarchand Mangaldas undertakes a range of high-value private client matters across India. Managing partner Cyril Shroff has significant corporate experience which he brings to bear in cross-border family succession, governance and other private wealth matters. Rishabh Shroff is a regular advisor to high-net-worth individuals on matters involving family constitutions and settlements, trusts, wills and succession planning, as well as charitable and philanthropic endeavours. Shroff and Shroff head up the practice with estate and succession planning expert Radhika Gaggar. The three are Mumbai-based. Another name to note is Shaishavi Kadakia for her emerging focus on the southern region of India; she splits her time between Bengaluru and Mumbai.

Practice head(s):

Cyril Shroff; Rishabh Shroff; Radhika Gaggar

Other key lawyers:

Work highlights

India > Private equity and investment funds Tier 1

The ‘market leading private equity and venture capital practice’ at Cyril Amarchand Mangaldas represents sovereign wealth and blue-chip funds in transactional matters, spanning buyout deals and capital raising across various regions. At the helm, Ravindra Bandhakavi provides counsel on private equity, sovereign and pension fund matters, while Reeba Chacko specialises in private equity and venture capital investments, coupled with expertise in foreign exchange control regulations and acquisition strategies. S. Harish adeptly manages a wide spectrum of transactions in the private equity domain, with a significant focus on pre-IPO deals within the e-commerce and retail sectors. Vandana SekhriRuetveij PandyaChandan Kota, and Santosh Janakiram all contribute their sectoral expertise, covering fintech, infrastructure, corporate and securities, real estate, and retail, among others.

Practice head(s):

Cyril Shroff; Reeba Chacko; Ravindra Bandhakavi; Nivedita Rao


‘Ravindra Bandhakavi is an exceptional lawyer, very commercial and astute.’ 

‘A market leading private equity and venture capital practice which matches a strong understanding of the legal and regulatory landscape with a pragmatic and solutions-oriented approach. The team brings broad sector and transactional experience to bear on their work for foreign institutional investors with excellent results.’

‘Ravindra Bandhakavi and Srabnee Ghosh form a highly responsive and solutions-focused team.’ 

Key clients

Indinfravit Trust

Advent International

International Finance Corporation

The Blackstone Group

Ontario Teachers’ Pension Plan

British International Investment

Multiples Alternate Asset Management Private Limited ( Multiples )

Alpha Wave Ventures

Bessemer Venture Partners



Naspers Ventures

RPSG Capital Ventures

Amicus Capital

Akshayakalpa Farms and Foods Private Limited

Fireside Ventures

Saudi Agricultural and Livestock Investment Company

India > Projects and energy Tier 1

With strong expertise across the renewable energy, healthcare, and aviation sectors, the department at Cyril Amarchand Mangaldas regularly assists with project agreements, procurement and construction contracts, gas sale and pipeline agreements, as well as regulatory and compliance issues and a range of renewable power matters. The client base includes development banks and governmental entities. Based in Mumbai, managing partner Cyril Shroff handles corporate and securities law matters in the space; L Viswanathan leads the finance and project practice. Santosh Janakiram has extensive experience in handling acquisition financing and infrastructure work. In Noida, Ajay Sawhney focuses on refinancing transactions involving renewable projects, and Ramanuj Kumar acts for banks and financial institutions.

Practice head(s):

Cyril Shroff; L. Viswanathan; Santosh Janakiram

Other key lawyers:

Ajay Sawhney; Amey Pathak; Ramanuj Kumar; Subhalakshmi Naskar; Subhojit Sadhu; Atman Desai; Gayatri Shanker; Anand Deshpande; Hariharan Kumar; Varun Singh; Apoorv Jain


‘Response time of the team is quick, with a focus on the quick closure of contracts.’

‘Ajay Sawhney is very efficient, with good subject knowledge.’

Key clients

Alfanar Global Development

Webuild S.p.A (erstwhile Astaldi S.p.A) andAPCO Infratech Private Limited

Envision Wind Power Technologies India Private Limited

Senvion Wind Technology Private Limited

Yamuna International Airport Private Limited


United States International Development Finance Corporation

Edelweiss Alternative Asset Advisors Limited

India > Restructuring and insolvency Tier 1

Cyril Amarchand Mangaldas offers deep experience advising various stakeholders across financial services, construction, power, aviation, and automotive industries, among others. Led by L Viswanathan, the firm regularly handles emerging caselaw under the provisions of the Insolvency and Bankruptcy Code (IBC). Dhananjay Kumar is recommended for leading financial institutions and other creditors looking for advice on recovery of loans, debt restructuring, and security enforcement. Other key members include Madhav V. Kanoria, who specialises in banking related litigation and corporate insolvency, and associate Surbhi Pareek, who frequently represents creditors, asset reconstruction companies, and investors under the IBC.

Practice head(s):

Cyril Shroff; L. Viswanathan


The Team at Cyril Amarchand is proactive and given their experience always provide us with category A advice.

India > TMT Tier 1

Routinely acting in high-profile transactions in the TMT and data protection spheres, Cyril Amarchand Mangaldas has in-depth expertise in dealing with complex data sharing agreements and M&A. The team is especially renowned for its specialism in the telecommunications, fintech, and online gaming space, regularly advising venture capital funds and OTT content providers on IP and data privacy issues. Managing partner Cyril Shroff heads the Mumbai-based offering, and is highly experienced in handling infrastructure and regulatory matters to the group, whilst Rishabh Cyril Shroff is an expert on the Indian exchange control regime. In Bengaluru, Arun Prabhu advises extensively on technology issues, and Anirban Mohapatra concentrates on the online gaming sphere. Since her arrival from Nishith Desai Associates in February 2023, Mumbai-based partner Aarushi Jain has focused on digital privacy and cybersecurity.

Practice head(s):

Cyril Shroff; Arun Prabhu; Aarushi Jain; Arjun Goswami

Other key lawyers:

Rishabh Cyril Shroff; Anirban Mohapatra; Arpita Sengupta; Krishnangi Bhatt


‘Aarushi Jain is among the most responsive and conscientious Indian lawyers in the market, with a special knowledge of the education sector.’


Key clients

Meta Platforms Inc.

Alphabet Inc. (Google)

Amazon Inc.

Truecaller LLP

Tanla Platforms Limited

Equinix Inc

Iron Mountain Inc

Blackstone LP (Lumina Cloud Infra, the data center platform)

Jio Infocomm Limited and Reliance Industries Limited

Apollo Hospital Enterprise Limited

Playgames 247 Private Limited

Sporta Technologies Private Limited

Uber Inc.

Yubi (formerly Credavenue Private Limited)

Mr. Ajay Devgn and Ajay Devgn Ffilms LLP

India > Antitrust and competition Tier 2

Cyril Amarchand Mangaldas' practice stands out as 'very good in antitrust matters'. The team is very experienced in advising on enforcement and merger control matters in the digital, tech and online retail sectors, with an extensive client roster of large Indian and international companies and emerging start-ups. The Mumbai-based duo Cyril Shroff and Avaantika Kakkar co-head the practice; Kakkar has extensive expertise in handling complex merger filings, abuse of dominance issues and cartel investigations, as well as advising on dawn raids, and she is sought after by companies in the pharmaceuticals, tech, financial services, infrastructure and automobile sectors. Vijay Pratap Singh Chauhan acts on major cartel investigations, bid rigging and abuse of dominance cases. Dhruv Rajain brings experience in handling enforcement and compliance matters, in addition to pre-merger filings, and Kirthi Srinivas advises on leniency applications.

Practice head(s):

Cyril Shroff; Avaantika Kakkar

Other key lawyers:


‘The team has exceptional sector knowledge and in depth understanding of different businesses, which uniquely positions them to deliver a more accurate antitrust analysis. They have developed a rapport with the regulators over the course of multiple engagements and the regulators have developed trust in their judgement.’

‘Our transaction was led by Dhruv Rajain and overseen by Avaantika Kakkar. Both were extremely professional, knowledgeable and thorough. Dhruv Rajain stood out for his attention to detail and regular communication about the process / legal nuance and we believe that his contributions were pivotal for the transaction.’

‘Avaantika has enormous experience in this practice.’

‘Avaantika is well known as a leader in this area. Her team is exceptionally good.’

Key clients

Viacom 18 Media Private Limited, Reliance Projects & Property Management Services Limited



Canada Pension Plan Investment Board


Adani Group

Advent International

Baring Private Equity Asia

India > Insurance Tier 2

Under the leadership of managing partner Cyril Shroff, the Mumbai-based practice at Cyril Amarchand Mangaldas is a regular adviser to pension plan investment boards, investment companies and health insurance companies, among other clients. The team has a specialism in insurance-related M&A and provides strategic advice in relation to compliance and the regulatory aspects concerning insurance and foreign investment in India. Praised for his ‘approachability and responsiveness’, Indranath Bishnu guides Indian and international corporations through investments and corporate brokers and agents through the development and distribution of insurance products with Indian insurers. Pranjita Barman is experienced in corporate restructurings, M&A and private equity investments in the insurance sector.

Practice head(s):

Cyril Shroff

Other key lawyers:


‘The team at CAM never disappoints. Always approachable and responsive to the clients needs. Proactively identifies areas that may be of interest to the client and reaches out to the concerned with appropriate guidance.’

‘Indranath Bishnu is the one to approach in CAM for any insurance and regulatory-related query. His varied experience in advising clients on insurance-related transactions provides a lot of insight and value to the table. His soft spoken manner, approachability and responsiveness is commendable.’

‘Deep knowledge, available for conferences and excellent speed of execution in advice.’

Key clients

Life Insurance Corporation of India and the President of India, acting through the Ministry of Finance, Government of India

Goldman Sachs Asset Management India Private Limited

Aditya Birla Health Insurance Company Limited and Aditya Birla Capital Limited

Canada Pension Plan Investment Board

Creaegis Advisors Limited, Bessemer Venture Partners and ICICI Ventures

ICICI Prudential Life Insurance Company Limited

ICICI Lombard General Insurance Company Limited

IndiaFirst Life Insurance Company Limited

GoDigit General Insurance Limited

Warburg Pincus

Axis Bank Limited

Dai-ichi Life Holdings, Inc.

Marsh International Holdings, Inc.

Aditya Birla Sun Life Insurance Company Limited

Zurich Insurance Company Limited

India > Labour and employment Tier 2

Acting for major clients across the finance, life sciences, and telecoms sectors, Cyril Amarchand Mangaldas’ employment team is adept at handling a broad and varied range of matters, both advisory and transactional. Practice head Rashmi Pradeep, in Bengaluru, is sought out by clients for her expertise in large transactions, retrenchments, and workforce restructurings, as well as in complex and sensitive whistle-blower investigations. Also in Bengaluru is Abe Abraham, who is recommended for his expertise in employment benefits and work involving social security laws, whilst Bharath Reddy takes point on matters concerning share-based employee benefits. In Mumbai, Ankita Ray is a key contact, regularly assisting clients entering the Indian market on workforce structuring and compliance issues.

Practice head(s):

Rashmi Pradeep

Other key lawyers:


‘The team is good, quick, crisp and at the same time detailed wherever needed.’

‘Rashmi always provides inputs not only from legal angle but satisfies business requirements.’

Key clients

ICICI Bank Limited

Credit Suisse Services AG

National Australia Bank Limited, NAB Global Innovation Centre India Private Limited

Sanghvi Beauty and Technologies Private Limited (“MyGlamm”)

Johnson and Johnson Group

RMZ Corp Holding Private Limited

Blackstone Advisors Private Limited

F5 Networks Innovation Private Limited

Redington India Limited

Titan Company Limited

Work highlights

India > Life sciences and healthcare Tier 2

Cyril Amarchand Mangaldas has a focused life sciences and healthcare practice, handling corporate and private equity deals across the space, as well as providing advice on existing and upcoming regulations and legislation, and representing clients in high-stakes litigation, including major product liability cases in the medical devices sector. The team advises major domestic healthcare providers, life sciences and pharma producers, and international investors, with standout expertise in global de-mergers on the transactional side. Ashwin Sapra leads the team, advising on intellectual property, regulatory, and transactional matters, while Biplab Lenin is particularly active in the digital health space, advising on a number of major investments. Senior associate Kartik Jain is also a key name in the Noida-based team, advising on strategic regulatory compliance issues as well as regulatory elements of M&A and private equity deals.

Practice head(s):

Ashwin Sapra

Other key lawyers:

Key clients

Suven Pharmaceuticals Limited

Gland Pharma Limited

Bessemer Venture Partners Trust

International Finance Corporation(IFC)

Plus Health Tech Ventures Private Limited (Ayu Health)

Enzene Biosciences Limited

India > Real estate and construction Tier 2

With offices in Mumbai, Bengaluru, Delhi, Chennai, Hyderabad and Ahmedabad, Cyril Amarchand Mangaldas continues to advise a varied client base, including corporate houses and MNCs, real estate funds, high-net-worth individuals, and developers on all types of real estate matters, such as property development, real estate acquisition and construction financing (both equity and debt financing), infrastructure projects, real estate litigation, and investigation mandates. Co-head of the Bangalore office, equity partner Namrata Kolar draws on her 24 years’ experience to regularly advise on complex real estate transactions involving conveyancing, joint development, and development of commercial and residential projects, while Cyril Shroff's expertise covers corporate and securities law, disputes, banking, bankruptcy, and infrastructure. Ashish Jain specialises in large-scale acquisition of agricultural lands for development of renewable energy projects, and Abhilash Pillai focuses on structuring, negotiation and documentation of transactions, as well as advice on due diligence and dispute resolution.

Practice head(s):

Cyril Shroff; Namrata Kolar

Other key lawyers:

Ashish Jain; Abhilash Pillai; Siddharth Hariani; Jinal Mehta


‘What makes the practice unique is the attention paid to the customer, and the high level of professionalism.’

‘Very attentive, professional, and empathetic to client needs.’

‘Accommodating and practical.’

Key clients

JP Morgan India Services Private Limited

Standard Chartered Bank

Continental Automotive Components (India) Private Limited

RedBlack Software Private Limited

SparkCognition India Private Limited

Allen Career Institute Private Limited

Max Estates Limited

Jindal Realty Limited

Midland Credit Management India Private Limited

Welspun One Logistics Parks Private Limited

India > Tax Tier 2

The tax practice at Cyril Amarchand Mangaldas is well regarded for its expertise relating to the tax aspects of M&A transactions, including the interpretation of tax provisions, the structuring of businesses for tax optimisation and the structuring of investment funds. The team routinely advises on the international tax front; assisting clients on cross-border transactions. Led by S. R. Patnaik, the practice benefits from his 25 years of experience and expertise in international tax, transfer pricing and corporate tax. Kunal Savani provides clients with private wealth expertise relating to family settlements, trusts, wills and succession planning. Thangadurai VP specialises in tax advisory, while Bipluv Jhingan is also a key member of the team.

Practice head(s):

S.R. Patnaik


‘The best in the business’


Key clients

Life Insurance Corporation of India

Essar Group

Mitsui Sumitomo Insurance Company, (MSI)

Promoters of Butterfly Gandhimathi Appliances

Goodhope Asia Holdings

Stellex Capital Management (Stellex)

Abrdn group (formerly Standard Life Aberdeen Group)

ADV Opportunities

MGM Resorts (MGM)

Mission Street (Mission Street)

Work highlights

  • Advised the Life Insurance Corporation of India and the President of India, acting through the Ministry of Finance, Government of India on the IPO of LIC.
  • Advised Mitsui Sumitomo Insurance Company on the structuring of the sale of its stake in Max Financial Services, in a tax-efficient manner.
  • Acted as legal counsel for the Promoters of Butterfly Gandhimathi Appliances, providing legal and tax related advice, including in relation to the sale of trademarks.

India > White-collar crime Tier 2

Cyril Amarchand Mangaldas works with major financial institutions, corporates, and senior executives on major criminal and regulatory matters, with a strong focus on internal investigations and responses to government investigations and enforcement actions, with capabilities in state-level cases throughout India, as well as working with global counsel on cases brought by international agencies such as the SEC, FCPA, and UKBA. The firm has expertise across various sectors, handling matters in areas including real estate, financial services, media, and intellectual property. Managing partner Cyril Shroff leads the team alongside experienced litigators Indranil Deshmukh, Ankoosh K Mehta, and Faraz Alam Sagar, who combine high-stakes litigation expertise with regular work on internal and government investigations, also working with government agencies on regulatory developments. Aviral Sahai is an up-and-coming name notable for his work with state police forces as well as federal enforcement bodies in white-collar cases across a variety of sectors. Principal associate Srinivas Atreya Chatti is a key up-and-coming name in the team, with broad litigation expertise. All lawyers mentioned are in Mumbai.

Practice head(s):

Cyril Shroff; Indranil Deshmukh; Ankoosh Mehta; Faraz Alam Sagar

Other key lawyers:

Aviral Sahai; Srinivas Atreya Chatti; Sarah Navodia; Lomesh Kiran Nidumuri; Kapil Arora


Diversity, strength of knowledge of sophisticated issues and ease of working are hallmarks for this firm.

They are responsive, well-versed in the topics that are needed and command an appropriate level of respect with our corporate stakeholders without being overbearing.

‘We get to work with quality lawyers who provide the appropriate work product.’

‘Faraz Sagar is one of the standout lawyers in this area in India. He is one of a handful of names that I call upon. Responsive, concise and understands the local and international dynamics at play.’

Key clients

MSC Agency (India) Private Limited

Former Managing Director, Bank of Baroda

An official of Sembcorp Energy India Limited

SBI Capital Markets Ltd.

Cyril Amarchand Mangaldas is India’s largest full-service law firm, with over 1000 lawyers, including 170 partners, and offices in Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Ahmedabad, Chennai, GIFT City and Singapore.

Our practices include corporate/commercial, banking and finance, capital markets, litigation and dispute resolution, projects, competition law, employment, financial services regulatory, investment funds, intellectual property, private clients, real estate, tax, investigations and TMT, amongst others.

Our clients comprise domestic and foreign commercial enterprises, technology companies, financial institutions, private equity funds, venture capital funds, start-ups and government and regulatory bodies.

We have been consistently recognised for our top-quality work by leading international as well as domestic publications.

Our recent work includes:

  • Advising Reliance Industries in the proposed investment of US$3.7bn by Brookfield Group in the  Tower Infrastructure Trust  comprising of the tower infrastructure business of Reliance Jio.
  • Advising Hindustan Unilever Limited in the US$4.5bn (approx..) amalgamation with GlaxoSmithkline Consumer Health care Limited which is the largest deal in the consumer goods space in India.
  • Acting as the Indian Legal Counsel to The Procter & Gamble Company in relation to the US$4.2bn (approx.) acquisition of Consumer Health Business of Merck KGaA, Darmstadt, Germany.
  • Advising REC Limited in  Power Finance Corporation Limited’s  acquisition of Government of India’s 52.63% stake in REC Limited
  • Advising Reliance Industries Limited in relation to its acquisition of controlling stake of 51.03% in Hathway Cable and Datacom Limited for US$422m (approx.)
  • Acting as Indian legal counsel to SoftBank and DiDi in multiple investment rounds (both primary and secondary) in Oravel Stays Private Limited (“Oyo”).
  • Advising Bank of Baroda in the US$216bn (approx.) proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. This is the first amalgamation of listed nationalized banks with public shareholders and first three–way merger of nationalized banks.
  • Advising Adani Transmission Limited in its acquisition of Reliance Infrastructure’s Mumbai Power Business, making it the country’s largest private sector integrated power utility.
  • Advising Embassy REIT in setting up an IPO of India’s first REIT – Embassy Office Parks Real Estate Investment Trust.
  • Representing the respondent banks and financial institutions in the matter of Swiss Ribbons v. Union of India before the Supreme Court of India which upheld the constitutional validity of the IBC in entirety, setting aside all challenges by several petitioners.
  • CAM’s competition law team acted for and advised Flipkart in relation to securing an unconditional approval from the Competition Commission of India (“CCI”) in Walmart Inc.’s (“Walmart”) acquisition of approximately 77% shareholding in Flipkart for US$16bn (approx.).
  • Project Sashakt is the unique solution adopted by Indian banks to resolve stressed assets in the Indian banking sector, which provides for a ‘five-pronged approach’. The Firm has worked closely with the Sunil Mehta Committee in conceptualising, drafting and finalising the industry-spanning ‘Inter-creditor Agreement for Resolution of Stressed Assets’ that has already been signed by a number of banks and non-bank financial institutions. As part of this exercise, lawyers of the Firm along with the Committee members engaged with the leadership of banks and financial institutions to achieve consensus on the framework and reach a common ground.
Department Name Email Telephone
Managing Partner Cyril Shroff +91 22 24964455
Head-General Corporate Reeba Chacko +91 80 67922000
Chair- Project & Project Finance L Viswanathan +91 22 24964455
Financing Santosh Janakiram +91 22 24964455
Head-Capital Markets Yash Ashar +91 22 24964455
General Corporate Vandana Shroff +91 22 24964455
Head-Competition Law Avaantika Kakkar +91 22 24964455
General Corporate , Employment,Corporate Governance Rashmi Pradeep +91 80 67922000
General Corporate , Private Client Practice Rishabh Shroff +91 22 24964455
General Corporate , Private Client Practice Radhika Gaggar +91 22 24964455
Real Estate and Dispute Resolution Namrata Kolar +91 80 67922000
Head- Taxation S R Patnaik +91-11 66229000
General Corporate,TMT Arun Prabhu +91 80 67922000
Deputy Head- General Corporate Nivedita Rao +91 80 67922000
Financing Leena Chacko +91 22 24964455
General Corporate Shishir Jose Vayttaden +91 22 24964455
Head – Mergers & Acquisitions Akila Agrawal +91 11 66229000
Dispute Resolution Shaneen Parikh +91 22 24964455
Head- Private Equity ;General Corporate Ravindra Bandhakavi +91 11 66229000
Project and Project Finance Dhananjay Kumar +91 22 24964455
Project and Project Finance Amey Pathak +91 22 24964455
Dispute Resolution Gyanendra Kumar +91 11 66229000
Capital Markets Gokul Rajan +91 11 66229000
White Collar Crime Faraz Alam Sagar +91 11 66229000
Photo Name Position Profile
Yash Ashar photo Mr Yash Ashar Partner (Head- Capital Markets)
Radhika Gaggar photo Ms Radhika Gaggar Partner
Santosh Janakiram photo Mr Santosh Janakiram Partner
Avaantika Kakkar photo Ms Avaantika Kakkar Partner
Cyril Shroff photo Mr Cyril Shroff Managing Partner
Vandana Shroff photo Mrs Vandana Shroff Partner
Rishabh Shroff photo Mr Rishabh Shroff Partner
Bharat Vasani   photo Mr Bharat Vasani Partner
L Viswanathan photo Mr L Viswanathan Partner (Chair – Finance, Projects & Bankruptcy)
Number of lawyers : 1000
at this office : 520
regional Indian languages

Cyril Amarchand Mangaldas advised Aditya Birla Capital Limited on the offer for sale of equity shares of Aditya Birla Sun Life AMC Limited.

April 29, Mumbai/ Bengaluru: Cyril Amarchand Mangaldas (CAM) advised Aditya Birla Capital Limited on the offer for sale of equity shares of face value ₹ 5 each (“Equity Shares”) of Aditya Birla Sun Life AMC Limited (the “Company”)(“Offer”),

Cyril Amarchand Mangaldas advised consortium of Sumitomo Corporation, Osaka Gas Co. Ltd and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) (Investors) with respect to primary investment in AG&P LNG Marketing Pte. Ltd engaged in city gas distribution business in India.

April 22, Delhi/Mumbai: Cyril Amarchand Mangaldas has advised a Japanese consortium comprising Osaka Gas, the second-largest city gas distributor in Japan, Sumitomo Corporation,

Cyril Amarchand Mangaldas advised Collective Newsroom Private Limited in restructuring of BBC’s India operations, establishing new Indian owned entity and acquisition of digital news business

April 19, Delhi/Mumbai: Cyril Amarchand Mangaldas advised Collective Newsroom Private Limited (Collective Newsroom), a new Indian owned and controlled entity set up by senior employees of The British Broadcasting Corporation (BBC) in India,

Cyril Amarchand Mangaldas advises Alpha Alternatives in acquisition of stakes in Dilip Buildcon Limited and SPVs of Dilip Buildcon Limited

April 15, Delhi/Mumbai: Cyril Amarchand Mangaldas advises Alpha Alternatives in acquisition of stakes in Dilip Buildcon Limited and SPVs of Dilip Buildcon Limited.

Cyril Amarchand Mangaldas advises Fresenius Medical Care India Pvt Ltd (“FMC”) on Equitable IGST Rates for Dialysis Equipment Imports.

April 12, Delhi/Mumbai: Cyril Amarchand Mangaldas advises Fresenius Medical Care India Pvt Ltd ("FMC") on Equitable IGST Rates for Dialysis Equipment Imports.

Cyril Amarchand Mangaldas advises ICICI Prudential Corporate Credit Opportunities (acting through its investment manager i.e. ICICI Prudential Asset Management Company Limited) on subscribing to secured and redeemable non-convertible debentures issued by Purva Good Earth Properties Private Limited.

April 11, Delhi/Mumbai: Cyril Amarchand Mangaldas advises ICICI Prudential Corporate Credit Opportunities (acitng through its investment manager i.e. ICICI Prudential Asset Management Company Limited) on subscribing to secured and redeemable non-convertible debentures of INR 115,00,00,000 ("Debentures")  issued by Purva Good Earth Properties Private Limited ("Purva Good Earth").

Cyril Amarchand Mangaldas advises ICICI Bank Limited and Axis Bank Limited in Issuance of listed NCDs by Delhi International Airport Limited.

April 11, Delhi/Mumbai: Cyril Amarchand Mangaldas (CAM) advises ICICI Bank Limited and Axis Bank Limited (Arrangers) in issuance of listed, rated, secured, redeemable,

Cyril Amarchand Mangaldas announces the establishment of presence in Abu Dhabi Global Market (ADGM), UAE

March 20, 2024, Mumbai: India’s leading law firm, Cyril Amarchand Mangaldas (CAM) announced today the establishment of its presence in Abu Dhabi, United Arab Emirates (UAE).