Firm Profile > Cyril Amarchand Mangaldas > Mumbai, India

Cyril Amarchand Mangaldas
MUMBAI 400 013

India > Banking and finance Tier 1

With a particular focus on the energy and infrastructure sectors, Cyril Amarchand Mangaldas' team specialises in project finance, corporate finance, debt restructuring, ECB arrangements and various other debt transactions. L. Viswanathan focuses on project finance transactions, in which he often acts for syndicates of lenders involved in large-scale transport and energy projects. Leena Chacko advises banks and NBFCs on structured debt transactions, mezzanine debt structures and securitisation deals. Amey Pathak has notable experience in project financing in the infrastructure sector. Partner Richa Roy joined the practice in 2019, whereas former partners Nikunj Maheshwari and Jimmy Joseph left the practice to join AZB & Partners and Trilegal, respectively.

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‘The team have considerable expertise in project finance – one of the best in the industry.’


Key clients

State Bank of India

Piramal Finance

Reliance Industries Limited


Standard Chartered Bank

Future Group

Adani Group/ Adani Power Limited

L&T Finance


Goldman Sachs

Varde Partners

India > Capital markets Tier 1

Cyril Amarchand Mangaldas' practice is particularly well known for its work in complex, novel or extremely high-value capital markets transactions, including rights issues, preferential issues, IPOs and DCM transactions. The firm's work in the burgeoning REIT and INVIT sectors is particularly notable, insofar as it involves meeting with regulators and industry participants to discuss regulatory matters in pertinent areas, such as the legal framework of depository receipts. Yash Ashar leverages his expertise in securities law to advise clients on IPOs, follow-on public offerings, FCCBs and various other equity transactions. Arjun Lall has a strong track record in market firsts, including the first sponsored ADR programme and the first formation of a REIT.

Other key lawyers:

Key clients

Embassy Ofice Parks REIT

Kotak Mahindra Capital Company

DSP Merrill Lynch

Morgan Stanley India


India Grid Trust

Sterlite Power Grid Ventures

Greenko Group

India Oil Corporation

Barclays Bank PLC

BNP Paribas

Citigroup Global Markets

JP Morgan Securities

Standard Chartered Bank

ReNew Power

Kanak Renewables

Kotak Mahindra Capital Company

Axis Capital Limited

India > Corporate and M&A Tier 1

One of the first ports of call for domestic and foreign companies undertaking M&A in India, Cyril Amarchand Mangaldas is regularly involved in high stakes transactional work in highly regulated industries. The team further brings together expertise in corporate governance and distressed assets M&A, catering legal services to a client roster operating in a variety of sectors, including financial services, technology, energy, infrastructure and pharmaceuticals. Managing partner Cyril Shroff has more than three decades' experience in this field. Reeba Chacko and Nivedita Rao lead on corporate law issues, while mergers and acquisitions work is overseen by Akila Agrawal.

Key clients

The Adani Group

The Coca-Cola Group

Mitsui Sumitomo Insurance Co Ltd

The Piramal Group

Temenos AG

Unilever Plc.


Reliance Industries Ltd.

Godrej Group

Tata Group

India > Dispute resolution: arbitration Tier 1

Cyril Amarchand Mangaldas' team handles domestic and international arbitration proceedings spanning various major industries, including construction, financial services, oil and gas and steel. Indranil D Deshmukh remains very active in the field of litigation. Among his ongoing highlights, Deshmukh is acting for Ajay Mehra in his opposition in an arbitral award proceedings before the Bombay High Court and the Supreme Court. Shaneen Parikh specialises in commercial litigation and arbitration, including cross-border disputes. Aditya Mehta is presently active in multiple ad-hoc commercial arbitrations taking place in India. Principal associate Shalaka Patil  is also a key member of the practice.

Practice head(s):


‘This team always provides the best outcome for its clients, which in arbitration is to win! From the get-go of our arbitration in India, Shaneen and the team seemed to know exactly how the series of hearings would unfold and the risks/challenges that we had to face as the foreign-country-based company-plaintiff. It was fun watching the team help us overcome each and every one of the risks/challenges and bring home the successful outcome.’

‘Shaneen Parikh possesses the particular strength of keeping her clients comfortable and confident throughout the entire arbitration proceeding, which can last for months/years and be emotionally draining. She regularly checks in with her clients to make sure the clients feel they are given the best legal service they can get.’

‘I completely trust Shaneen Parikh with her legal opinion and overall strategic approach to resolving matters.’


India > Dispute resolution: litigation Tier 1

Cyril Amarchand Mangaldas' 'hugely experienced' team specialises in corporate and commercial disputes, spanning competition, insolvency and bankruptcy, intellectual property, white-collar crime, data privacy and various other areas. Gauri Rasgotra is known for handling high-stakes litigation, including insolvency proceedings, bankruptcy cases, corruption and contractual disputes. Among her significant ongoing mandates, Rasgotra is representing the new directors of IL&FS in proceedings relating to the recent crisis faced by the company. Shaneen Parikh acts for clients in a wide range of commercial disputes and arbitration proceedings, relating to joint venture agreements, shareholder issues, construction projects and white-collar crime.  Anuradha Mukherjee has represented private sector and public sector companies in major civil, commercial and corporate disputes throughout her 27 years in practice.


‘CAM in this area has got couple of partners who stand out in understanding the client’s needs, asses the litigation issues comprehensively and appropriately guide and advise clients throughout the process.’


India > Private client Tier 1

Cyril Amarchand Mangaldas advises HNW domestic and international clients on governance issues, succession and estate planning, the establishment of trusts, and various other areas of wealth management. Cyril Shroff specialises in advising family businesses on corporate governance and succession issues, including cross-border matters. Rishabh Shroff advises clients on tax structuring, estate planning and complex trust issues, such as settler reserved powers and appointment mechanisms. Principal associate Tanmay Patnaik has notable expertise in estate planning and the structuring of charities expanding into India.

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India > Private equity and investment funds Tier 1

Ravindra Bandhakavi heads the private equity practice at Cyril Amarchand Mangaldas, handling transactions for global funds clients operating in the financial services sector, and sovereign wealth funds in the infrastructure sector. Shagoofa Khan leads a team handling fund formation and structuring, and also leads on fund of funds mandates. The team regularly advises on the establishment of AIFs, retail funds, joint venture funds, venture capital funds and distressed fund restructurings. In the REIT space, Arjun Lall recently advised on the restructuring, due diligence and acquisition of a real estate portfolio leading to a landmark listed REIT. The expansive bench of corporate partners, including co-heads Reeba Chako and Nivedita Rao, adds strength to the downstream investment phase.

Other key lawyers:

Key clients

Warburg Pincus





General Atlantic



National Infrastructure and Investment Fund Limited

Premji Invest

India > Projects and energy Tier 1

Cyril Amarchand Mangaldas is a go-to destination for lenders, project sponsors and developers which seek advice on project finance transactions as well as governments and multilateral institutions in relation to the development of pan-Asia infrastructure. Public-private partnerships (PPPs) for the development, operation and maintenance of ports, railways and airports is a key area of specialty for the team, whose sectoral expertise further covers mining and energy. Of particular note, the team is regularly the counsel of choice for acquisitions in the renewable energy segment as well as EPC contracts and regulatory issues. L. Viswanathan is a name to note for project finance, while Santosh Janakiram handles renewable energy mandates. Ramanuj Kumar focuses on electricity regulations and infrastructure projects.

Key clients

Reliance Industries Limited

Adani Power

GVK Group

JSW Group

L&T Infrastructure Finance Company Limited

Bank of America N.A.



Power Finance Corporation Limited

REC Limited

Piramal Enterprises

India > Restructuring and insolvency Tier 1

Cyril Amarchand Mangaldas undertakes the entire gamut of work involving stressed assets, restructuring and insolvency law, demonstrating sector-specific expertise in key areas which have witnessed recent large-scale insolvencies, such as steel, telecoms, power, financial services and construction. The team primarily acts as lead counsel to banks, private credit funds and resolution professionals, showcasing an impressive track record in landmark IBC cases as well as complex restructuring matters. Managing partner Cyril Shroff co-heads the practice with L Viswanathan, who is actively involved in several proceedings under the Insolvency and Banruptcy Code (IBC). In addition to corporate insolvency resolution processes, Dhananjay Kumar further brings to the table in-depth knowledge of debt restructuring and recovery of loans.

Practice head(s):

Key clients

CoC of Dewan Housing Finance Corporation Limited (Union Bank of India being the Lead Lender)

Mr. Satish Kumar Gupta (Resolution Professional of Essar Steel India Limited) and Alvarez & Marsal India Pvt. Ltd. (Adviser to the Resolution Professional)

Consortium of lenders of Altico Capital India Limited (State Bank of India being the Lead Lender)

CoC of (i) consolidated Videocon group companies (comprising of 13 companies), (ii) KAIL Limited, (iii) Trend Electronics Limited, and (iv) VOVL Limited (State Bank of India being the Lead Lender)

Government-appointed Board of Directors of IL&FS

Adani Power Limited (Resolution Applicant for Korba West Power Company Limited)

Adani Power Limited (Acquisition of GMR Chhattisgarh Energy Limited)

Mr. Shailendra Ajmera (Resolution Professional of Ruchi Soya Industries Limited) and Ernst & Young LLP (Process Advisors to the Resolution Professional)

JSW Energy Limited

India > TMT Tier 1

Cyril Amarchand Mangaldas' practice guides clients through technology and media transactions and provides regulatory advice in various areas, including e-commerce,  digital banking and virtual currencies. The firm also boasts notable expertise in data protection and disputes arising from data and privacy breaches. Arun Prabhu is well-known for his transactional and advisory work for TMT companies, which includes product development, procurement, outsourcing, licensing and M&A. Bharat Vasani   advises media and entertainment companies on all of their operations, including major transactions. Associate Shabareesh Suresh is a go-to contact for clients undergoing acquisitions and investments in various industries, including e-commerce and information technology.

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Key clients

Reliance Industries Limited

Varian Medical Systems, Inc.

Equinix Inc.

Equistone Partners Europe Limited

Coca-Cola India Private Limited

Nissan Motors Limited

Google Inc.

Goldman Sachs Services Private Limited

National Australia Bank Limited

Roivant Sciences Limited

Maybright Ventures Private Limited

India > Antitrust and competition Tier 2

Under the leadership of competition practice head Avaantika Kakkar, Cyril Amarchand Mangaldas is a notable name for large-value merger control procedures. Recent team highlights saw Kakkar, Anshuman Sakle and principle associates Kirthi Srinivas and Dhruv Rajain obtaining CCI approvals for market-entry exercises and global M&A deals. The client roster comprises multinational corporates and private equity funds spanning the retail, pharmaceuticals, heavy industry, media and entertainment, investment management and IT sectors. Extensive competition analysis for joint ventures are also handled, with ongoing engagements being handled for automotive and auto-components clients.

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Key clients

Mahindra & Mahindra Limited

Adani Group

Reliance Industries group

Cap Gemini S.A.

Inox Leisure Limited

Nippon Yusen Kabushiki Kaisha Ltd.

Brookfield Capital Partners

Caisse de dépôt et placement du Québec

CK Holdings

Warburg Pincus LLC

India > Insurance Tier 2

Cyril Amarchand Mangaldas provides the full range of insurance support for its client list of domestic and international insurers and reinsurers. Key partners include Indranath Bishnu and principle associate Pranjita Barman, who advise on market-entry strategy, joint venture structuring, minority and majority stake acquisitions, investment structuring and IPOs.

Key clients

Axis Bank Limited

Navi Technologies Private Limited

QBE Insurance Group Limited (QBE)

ICICI Lombard General Insurance Company

Premji Invest

CA Emerald Investments

Standard Life (Mauritius Holdings) 2006 Limited (Standard Life)

Mitsui Sumitomo Insurance Company, Limited (MSI)

Warburg Pincus India Private Limited

Kotak Investment Advisors Limited

India > Labour and employment Tier 2

The labour and employment practice at Cyril Amarchand Mangaldas is currently engaged by a suite of high-profile corporate clients to assist with high-stakes employee provident fund issues, including internal compliance updates and appearances before the authorities handled by Richa Mohanty Rao and practice head Rashmi Pradeep. The practice is also noteworthy for generating high-value, employment-driven transactional work, recently for global pharmaceuticals companies. Recently elevated partner Abe Abraham applies his extensive regulatory knowledge to benefits structuring, POSH guidance and the implementation of internal grievance mechanisms.

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Key clients

Pfizer Healthcare India Private Limited

Bank of Baroda

Varian Medical Systems Inc.

Thomson Reuters India Private Limited

Quess Corp Limited

Warburg Pincus LLC


Air India Limited

Tailwind Capital Group

Hotel Corporation of India Limited

India > Real estate and construction Tier 2

With a strong presence in Mumbai and Bengaluru, Cyril Amarchand Mangaldas’s team, which is split across other offices in New Delhi, Chennai and Hyderabad, is particularly sought after for its corporate capabilities in the context of real estate transactions. Practitioners are often engaged by international funds in relation to financing and investments in the sector, but also showcase strength in property development and tittle investigation mandates. Namrata Kolar combines experience in dispute resolution, and commercial and residential projects development. Special townships, agricultural land,  IT parks, and special economic zones are all key areas of expertise for Abhishek Sharma. Mridul Kumbalath leads advice to a range of clients, including developers, real estate financiers and funds.

Other key lawyers:

Key clients

Sobha Limited

Argan Properties Private Limited (Purvankara Group)

Blackstone Advisors India Private Limited

Salarpuria Sattva Group

Sattva Developers Private Limited

Omaxe Limited

RMZ Corp

My Homes Group

CoWrks India Private Limited

PropertyShare Online Platform Private Limited

P. Morgan Services India Private Limited

Rolex Watch Company Private Limited

Antara Senior Living Limited

Ascendas Firstspace Development Management Private Limited

L&T Financial Services Limited

Insilco Limited

Gillette India Limited

Mountainia Developers and Hospitality Private Limited (OYO Group)

Asia Pragati Capfin Private Limited

Adani Realty

Tata Realty Limited

Strata Property Management Private Limited

Godrej Properties

Larsen & Toubro Limited

India > Tax Tier 2

Key names at Cyril Amarchand Mangaldas for tax advice include S.R. Patnaik, Mekhla Anand and Daksha Baxi, who lead teams focused on direct, indirect and international tax issues respectively. The bulk of instructions pertain to complex transacting structuring (domestic and cross border) and corporate reorganisations across a broad range of sectors, from banking and finance and insurance to FMCG and healthcare. Though primarily focused on non-contentious issues, the team has witnessed a rise in tax disputes instructions, and is currently involved in direct tax litigation regarding income tax assessments.

Key clients

Nazara Technologies Limited No

Qatar Investment Authority No

Mitsui Sumitomo Insurance Company, Limited No

Abu Dhabi Commercial Bank No

Investcorp Private Equity Fund II and Healthcare Parent

Limited Yes


Procter & Gamble Company

Varian Medical Systems

Synergy Property Development Services Private Limited

Equistone Partners Europe Limited

India > Intellectual property Tier 4

Cyril Amarchand Mangaldas provides commercial IP advice encompassing portfolio acquisitions, enforcement, protection and monetisation. Former practice head Ranjan Negi joined newly established IP boutique Mettle Legal.

Cyril Amarchand Mangaldas is India’s largest full-service law firm, with about 750 lawyers, including 130 partners, and offices in India’s key business centres of Mumbai, New Delhi, Bengaluru, Hyderabad, Ahmedabad, and Chennai.

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
Funds,Investments & Advisory , General Corporate Shagoofa Rashid Khan +91 22 24964455
Head-Competition Law Avaantika Kakkar +91 22 24964455
General Corporate , Employment,Corporate Governance Rashmi Pradeep +91 80 67922000
Financial Regulatory Practice Shruti Rajan +91 22 24964455
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
Real estate and Conveyancing Sandeep Dave +91 22 24964455
Head- International Taxation ; Tax Daksha Baxi +91 22 24964455
Head- Taxation S R Patnaik, +91-11 66229000
General Corporate,TMT Arun Prabhu +91 80 67922000
General Corporate, Media & Entertainment Practice Bharat Vasani +91 22 24964455
Deputy Head- General Corporate Nivedita Rao +91 80 67922000
Financing Leena Chacko +91 22 24964455
Financing Pranav Sharma +91 22 24964455
General Corporate Shishir Jose Vayttaden +91 22 24964455
Head – Mergers & Acquisitions Akila Agrawal +91 11 66229000
Head-South, General Corporate Arjun Lall +91 80 67922000
Deputy Head- Delhi ,Dispute Resolution Gauri Rasgotra +91 11 66229000
Dispute Resolution Shaneen Parikh +91 22 24964455
Head- Private Equity ;General Corporate Ravindra Bandhakavi +91 11 66229000
Co-head,Real Estate Abhishek Sharma +91 22 24964455
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
Mr Yash Ashar  photo Mr Yash Ashar Partner (Head- Capital Markets)
Ms Daksha Baxi  photo Ms Daksha Baxi Head – International Taxation
Mr Sandeep Dave  photo Mr Sandeep Dave Partner
Ms Radhika Gaggar  photo Ms Radhika Gaggar Partner
Mr Santosh Janakiram  photo Mr Santosh Janakiram Partner
Ms Avaantika Kakkar  photo Ms Avaantika Kakkar Partner
Ms Shagoofa Khan  photo Ms Shagoofa Khan Partner (Head – Funds, Investments, Advisory)
Ms Shruti Rajan  photo Ms Shruti Rajan Partner
Mr Cyril Shroff photo Mr Cyril Shroff Managing Partner
Mr Rishabh Shroff  photo Mr Rishabh Shroff Partner
 Bharat Vasani    photo Bharat Vasani   Partner
Mr L Viswanathan  photo Mr L Viswanathan Partner (Chair – Finance, Projects & Bankruptcy)
Number of lawyers : 700
at this office : 320
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