Firm Profile > Khaitan & Co LLP > Mumbai, India

Khaitan & Co LLP
MUMBAI 400 013

Antitrust and competition Tier 1

Domestic clients and multinational corporations regularly approach Khaitan & Co LLP  for its market-leading competition and antitrust practice, which covers the full range of transactional and contentious issues. Manas Kumar Chaudhuri is the go-to name for defending anti-competition and abuse of dominance claims, while he and Sagardeep Rathi have recently guided clients through a large number of leniency applications. The practice has recently expanded with the addition of Rahul Singh and the promotion of Anisha Chand to the partnership, which has bolstered the merger control offering. The client list is wide-ranging, though a particular expertise in the complex field of pharmaceuticals is cited.

Practice head(s):

Manas Kumar Chaudhuri; Arshad (Paku) Khan

Other key lawyers:

Key clients

Air Cargo Agents Association of India

Alkem Laboratories

Amrit Cement

Apax Global Alpha

ANI Technologies


Birlasoft (India)

BNB Coatings India

Cadila Healthcare Limited and Zydus Wellness

Cisco Systems


DENSO Corporation

Eli Lilly and Company

Eveready Industries India

Flipkart India

GAIL (India)

Genesis Luxury Fashion

Haryana Urban Development Authority

Harley Davidson

IHH Healthcare Berhad

India Glycols

InterGlobe Aviation

Inox Leisure

Indian Railway Catering and Tourism Corporation (Ministry of Railways)

J.C. Bamford Excavators

J.K.B. Gas

Kia Motors India

Liberty House Group


Merlin Developers

Mahindra & Mahindra

Hardcastle Restaurants (McDonalds)


Nippon Life Insurance Company



Royal Dutch Shell

Shree Cement

Temasek Holdings

TVS Motor Company

Unichem Laboratories



Xiaomi Technology India

Banking and finance Tier 1

With a wide range of clients that includes major banks, corporates, financial institutions, developmental banks and asset reconstruction companies, Khaitan & Co LLP primarily acts for investors in bond issuances, with a strong commitment to public issue bonds in particular, and in structured finance mandates. In the prevalent area of insolvency, the group has acted for creditors and debtors in restructuring mandates, and advised lenders on their strategy following the moratorium imposed by the NCLT on legal action against IL&FS Group. Highly active practice head Kumar Saurabh Singh brings significant expertise in all types of debt transactions to the group, including cross-border financing, project financing and debt restructuring. Manisha Shroff  specialises in domestic and cross-border acquisition finance, syndicated finance and various forms of debt transactions. Siddharth Srivastava joins the practice in Delhi from Link Legal - India Law Services in February 2020.

Practice head(s):

Kumar Singh; Manisha Shroff

Key clients

Asian Development Bank

Deutsche Bank

Liberty House Group

Bank of Baroda

DBS Bank

Standard Chartered Bank

Royal Partners Investment Fund, Mauritius

Haldiram Group

Axis Bank Limited

ICICI Bank Limited

Axis Finance Limited

Aditya Birla Group

First Rand Bank

First Abu Dhabi Bank

Reliance MDA Group

Canara Bank

Altico Capital India Private Limited


JM Asset Reconstruction Limited

Matix Fertilisers and Chemicals Limited

Barings Private Equity Credit Limited

Mahindra and Mahindra Group

Advent International and Temasek Holdings Pte Ltd

Essar Group

JSW Group

Dewan Housing Finance

Ernst & Young

Price Waterhouse Coopers

Reliance Nippon Asset Management

Edelweiss Asset Reconstruction Company

State Bank of India

SBI Mutual Fund

L&T Finance Limited

Piramal Group

Yes Bank Limited

International Finance Corporation

Mashreq Bank

IndusInd Bank

Kotak Mahindra Bank



Edelweiss Group

Capital markets Tier 1

Khaitan & Co LLP handles a high volume of IPOs, where it typically acts for underwriters, in addition to a steady volume of debt issuances, where it acts for issuers, investment banks and lead managers. The capital markets group has further expertise advising issuers on QIPs and in acting for clients in regulatory matters before bodies such as the SEBI and the Securities Appellate Tribunal. Partner Abhimanyu Bhattacharya manages the full gamut of transactions, including major IPOs by clients such as Bandhan Bank and HDFC Asset Management. Aditya Cheriyan has broad experience which includes advising clients in relation to IPOs, follow on public offerings, rights issues and foreign currency convertible bonds. Madhur Kohli is also a key member of the practice, with particular expertise representing issuers and book-running lead managers in IPOs.

Practice head(s):

Sudhir Bassi

Key clients

Bandhan Bank Limited

Chalet Hotels Limited

Coal India Limited

Emami Cement Limited

Flemingo Travel Retail Limited

G R Infraprojects Limited

Hindustan Aeronautics Limited

HDFC Asset Management Company

India Grid Trust

Jindal Steel and Power Limited

J M Financial Limited

Larsen and Tourbo Limited

Morgan Stanley

Metropolis Healthcare Limited

Penna Cement Industries Limited

Puranik Builders Limited

Reliance General Insurance Company Limited

Sandhar Technologies Limited

Varroc Engineering Limited

Corporate and M&A Tier 1

Khaitan & Co LLP’s practice handles private equity investments, public takeover offers, corporate restructuring, joint venture arrangements and, less frequently, outbound investments by Indian clients in overseas companies, including acquisitions. The group stands out for its instruction in insolvency matters both by distressed companies directly and by the National Company Law Tribunal, in addition to its expertise advising clients on significant high value transactions across various industries, including steel, infrastructure and e-commerce. In a recent mandate the team, led by Ganesh Prasad and Vinay Joy, advised Flipkart on the sale of its entire shareholding to Walmart, involving one of the largest private equity exits in India and complex multi-jurisdictional regulatory and tax requirements. Haigreve Khaitan recently advised Usha Martin Limited on the sale of its steel business to Tata Sponge Iron Limited under an independent debt resolution plan for $603m.

Practice head(s):

Haigreve Khaitan

Other key lawyers:

Key clients

Reliance Industries

Dalmia Bharat Limited

Flipkart Pvt Ltd

IHH Healthcare Berhad

Aditya Birla Group

Tata Sons

INOX Leisure Limited


RPSG Group

Sales Force

Piramal Group


Dispute resolution Tier 1

Khaitan & Co.  represents domestic and international banks, corporations and high-net-worth individuals throughout India's court circuit in relation to competition law, data privacy, financial crime and bankruptcy, among other areas. Chakrapani Misra specialises in commercial disputes and has additional expertise in IP law. Ajay Bhargava has over 20 years' experience in disputes regarding constitutional, criminal and civil law.

Practice head(s):

Ajay Bhargava; Sanjeev K Kapoor; Chakrapani Misra; Raj Panchmatia


‘Khaitan & Co has a very strong base in dispute resolution, especially in terms of commercial matters. Their knowledge of the substantive law is admirable and the way they manage the procedures is commendable.’

Dispute resolution: arbitration Tier 1

Khaitan & Co.’s arbitration group handles domestic and international commercial arbitration matters arising from contractual disputes, construction disputes and recovery proceedings, across a vast range of sectors including e-commerce, mining, oil and gas, banking and finance, and power. Chakrapani Misra handles domestic and international arbitrations and acts as a mediator in various corporate and commercial disputes. Recently, he successfully acted for Siemens in an arbitration case in relation to a contract for engineering works with Paharpur Cooling Towers.

Practice head(s):

Ajay Bhargava; Sanjeev K Kapoor; Chakrapani Misra; Raj Panchmatia

Key clients

Cement Manufacturers’ Association

DCM Shriram

Ambuja Cements

Mumbai Metropolitan Region Development Authority

Kalpataru Power Transmission

Lokhandwala Infrastructure

Insurance Tier 1

Sector-specific M&A, private equity transactions and IPOs for life and non-life insurance companies are the core aspects of Khaitan & Co.’s insurance practice. Stand-out partners Nikhil Narayanan and Niren Patel also bring expertise to joint venture arrangements in the post-liberalisation era of the sector. The firm applies its regulatory knowledge of the sector to advise on inward investment by international players as well as facilitating clearances for new names in the insurance sector before the Insurance Regulatory and Development Authority.

Practice head(s):

Nikhil Narayanan; Anuj Shah; Niren Patel

Key clients

Swiss Re Reinsurance Holding

Marsh Insurance Brokers

Birla Sun Life Insurance

Aditya Birla Health Insurance

Dalmia Group

The Travelers Companies

Aditya Birla Insurance Brokers

Nissan Renault Financial Services Indian

AIA Group Limited


Investment funds Tier 1

The market-leading 12-strong team at Khaitan & Co LLP handles the entire process of fund structuring and formation across the range of asset classes from angel investment and venture capital to private equity, REITs, distressed funds and mezzanines. Siddharth Shah leads the team with solid support from the likes of Divaspati Singh, Vivek Mimani and associate Gaurita Udiyawar; routine instructions are received by government bodies, international funds and domestic investors to establish their bespoke investment platforms.

Practice head(s):

Siddharth Shah

Key clients

Bain Capital-Piramal JV

Oman India Joint Investment Fund Management

Ascent Capital Advisors India

IIFL Wealth Management

Piramal Fund Management

Kotak Investment Advisors


TVS Capital Funds

Eastbridge Capital

Evolvence Capital

Franklin Templeton

Edelweiss Asset Management (Forefront Capital)

IDFC Alternatives

Peninsula Brookfield


Sundaram Alternatives

Motilal Oswal

Lightbox Ventures

Tata Asset Management

BPEA Investment Managers (Barings Private Equity)

Indiabulls Asset Management

JM Financial

Sanaka Capital

Elevar Capital

Convergent Capital

Endiya Fund Advisors

JB Cerestra Investment Management

HealthQuad Advisors

Quadria Capital

Centrum Capital

IvyCap Advisors

Kotak Asset Management

Labour and employment Tier 1

Khaitan & Co.’s labour and employment offering provides extensive experience in the fields of C-suite terminations, employee restructuring and retrenchment exercises, labour law compliance, crisis response and equity-based compensation structuring. Practice head Anshul Prakash and team recently advised a number of employers on trade union disputes and internal misconduct investigations. Abhimanyu Pal is the team’s stand-out senior associate, who regularly advises on staff training and handbook drafting and employment agreements. Routine advice on the employment aspects of large-scale corporate transactions is also provided.

Practice head(s):

Anshul Prakash

Key clients

Apax Partners

Match Group

Cincinnati Bell

Palo Alto Networks

Brady Corporation

Gates Corporation



Lam Research Corporation



Aditya Birla Fashion and Retail

Tata Global Beverages Limited (Formerly Tata Tea Limited)

BT Group





Housing Development Finance Corporation


Middlesex University

Apollo Tyres


Yazaki India

Stanford University



Projects and energy Tier 1

Khaitan & Co.'s team brings together the firm's expertise in transactions, project and structured financing, bid support and regulatory advisory across mandates in the energy, infrastructure and resources sectors. The practice maintains longstanding relationships with clients operating in the oil and gas sector, while also helping others navigate India's burgeoning renewables and hydro-power energy markets. A key name for ports and airport-related projects, the department advises on the acquisition of equity stakes, as well as infrastructure development. Leading the team is Akhil Bhatnagar, who often advises clients on their overseas acquisitions of natural resources across Africa, Australia and South America, Dibyanshu Sinha and Gahan Singh.

Practice head(s):

Dibyanshu Sinha; Gahan Singh; Akhil Bhatnagar

Other key lawyers:

Shivanshu Thaplyal; Jhinook Roy

Real estate and construction Tier 1

Khaitan & Co LLP offers advice on all stages of real estate transactions, namely acquisitions, developments, leasing and property sales, across India. The team also brings cross-practice expertise in funds, tax and commercial law to the table in real estate matters. Typical instructions include advising on real estate finance as well as construction disputes. Practice head Sudip Mullick specialises in commercial, industrial and residential real estate, and Harsh Parikh is experienced in joint development transactions. Avnish Sharma joined from Shardul Amarchand Mangaldas & Co, while Abhishek Sharma departed to co-head the real estate practice at Cyril Amarchand Mangaldas.

Tax Tier 1

Khaitan & Co LLP's tax practice offers dedicated teams focusing on direct and indirect tax issues (the latter headed by Dinesh Agrawal), covering the full-spectrum of matters concerning international taxation, cross-border tax structuring, tax-efficient global M&A support, transfer pricing and GST compliance. The robust litigation team handles tax disputes through all judicial fora, with recent instructions concerning complex issues of contested tax liabilities, transfer pricing disputes, excise duty rebates and levies. The firm has an established reputation for contributing to national policy developments, which enables to team to provide market-leading regulatory knowledge to its clients.

Practice head(s):

Sanjay Sanghvi; Bijal Ajinkya; Arvind Baheti; Dinesh Agrawal; Abhishek A Rastogi; Kabir Bogra

Key clients

DUAL Corporate Risks

UK Climate Investments

Essar Group

Metropolis Healthcare

CK Birla Group

Avendus Capital Private

The Tata Power Company


Patton International

Bharat Aluminium Company

Nectar Life Sciences

White-collar crime Tier 1

Routinely praised by peers as leaders in the field, Khaitan & Co.’s white-collar crime practice handles all manner of instructions including high-profile criminal trials, government investigations and internal gross misconduct investigations; recent mandates saw an uptick in actions carried out by the Economic Offenses Wing. Standout names Ajay Bhargava and Susmit Pushkar bring international arbitration experience, having represented global corporates before the ICC, SIAC and LCIA. The firm routinely handles whistleblower investigations and disputes concerning theft of proprietary information.

Practice head(s):

Ajay Bhargava; Susmit Pushkar; Vinay Joy; Chakrapani Misra; Raj Panchmatia

Intellectual property Tier 2

The IP team at Khaitan & Co LLP has been particularly active in the patent infringement space, with Adheesh Nargolkar representing multinational clients as both plaintiff and defendant in the upper courts and tribunals. Professionals such as Shailendra Bhandare, Nishad Nadkarni and Smriti Yadav handle the full range of IP matters such as filing and prosecuting patents and trade marks, managing entire portfolios, trade mark litigation and transferring IP rights on the back of corporate transactions. The team also provides assistance with copyright applications and has experience in the niche fields of biodiversity and plant varieties.

Practice head(s):

Adheesh Nargolkar

Key clients

Mercedes Benz Research & Development India






Hindustan Unilever

Godrej Group Companies

Tata Group Companies

Mahindra & Mahindra


Indian Institute of Technology




Eureka Forbes

House of Anita Dongre


Ion Exchange

Hetero Drugs

Ecolibrium Energy

Kimplas Piping System

NRB Industrial Bearings

JSW Group

TMT Tier 2

Practitioners across Khaitan & Co.'s multiple offices, such as Ganesh Prasad in Bangalore and Rahul Dutt in Mumbai, leverage their strong M&A practice to handle big-ticket transactions in the TMT space, advising on the complex regulations specific to the sector. The extensive client list comprises household-name multinational and Indian corporates, as well as a healthy list of tech startups. Delhi-based Harsh Walia provides strong regulatory expertise in the complex fields of IT, fintech, media, e-commerce, data centre services, digital payment systems and telecoms infrastructure.

Practice head(s):

Ganesh Prasad; Rahul Dutt; Harsh Walia; Vineet Shingal; Sharad Moudgal; Niren Patel; Vinay Joy

Key clients

Accenture Solutions

ANI Technologies


BT Global Communications India

Delivery Hero

Flipkart Group


HCL Technologies

Hindustan Media Ventures

Jasper Infotech

Network18 Media & Investments

Jagran Prakashan

Reliance Jio Infocomm




Quest Global

Expedia Inc



Restructuring and insolvency Tier 3

With expertise in litigation and corporate transactions, the department at Khaitan & Co LLP has extensive experience of advising all stakeholders in restructuring matters. The practice is well placed to advise controlling shareholders prior to the invocation of the formal debt resolution process, as well as to act for financial creditors and resolution professionals in proceedings under the IBC. Kumar Saurabh Singh, whose areas of expertise include restructuring and turn-around financing, leads the practice alongside Ashwin Bishnoi, who focuses on distressed M&A and private credit transactions.

Practice head(s):

Kumar Saurabh Singh; Ashwin Bishnoi

Other key lawyers:

Nikhil Narayanan

Key clients

Liberty House Group Pte

ABG Shipyard Limited

The firm: Founded in 1911, Khaitan & Co is one of the oldest Indian law firms. It combines a rich heritage of over 100 years with modern, cutting-edge and solution-oriented legal practice and offers full-service legal solutions to its domestic and international clients. The firm has a strength of over 530 fee-earners, including 115 partners and directors across its four offices.

The firm is one of India’s most recognised full-service law firms offering specialised advisory services to clients across all Indian law practice areas. The firm’s expertise in its practice areas has been widely recognised by various leading international rankings and publications including Chambers and Partners, Legal 500, IFLR 1000 and Asialaw Leading Lawyers.

The firm has received several awards and recognition in recent times for its work, some of which include: Law Firm of the Year, M&A Law Firm of the Year and Best Law Firm to work for – IDEX Legal Awards 2017; Law Firm of the Year and Best Overall Law Firm 2016 – India Business Law Journal – Indian Law Firm awards; India Deal Firm of the Year – Asian Legal Business (ALB) SE Asia Law Awards 2017; Best Indian Law Firm 2016 – Gold Award – International Legal Alliance Summit & Awards (ILASA); India National Law Firm of the Year – Chambers Asia Pacific Awards 2015; Best Overall Law Firm, competition and antitrust, energy, project and infrastructure, mergers and acquisitions, restructuring and insolvency – India Business Law Journal – Indian Law Firm Awards 2015; and Corporate and M&A Firm of the Year 2015 – Asian Mena Counsel.

Over the years the firm has attracted and retained some of the best legal talent in India to provide the high-quality legal counsel expected from it across all spheres of commerce and industry. The strategic hiring of partners has resulted in the addition of new practice areas, strengthening of the existing practice areas and also bringing in the best international practices.

Khaitan & Co is an independent law firm and routinely works with several leading law firms internationally on inbound and outbound assignments across various jurisdictions on multiple transactions across its practice areas.

Department Name Email Telephone
Banking and finance
Capital markets
Corporate/commercial and M&A
Dispute resolution
Energy, infrastructure and resources
Estate planning, trusts and private clients
Intellectual property
Labour and employment
Private equity
Real estate
Taxation (direct and indirect)
Technology, media and telecom
White-collar crime
Number of lawyers : 530
at this office : 280
and a variety of Indian regional languages
Contacts : Haigreve Khaitan (partner)
Contacts : Rabindra Jhunjhunwala (partner)