Majmudar & Partners > Mumbai, India > Firm Profile

Majmudar & Partners
Raheja Chambers, 2nd Floor
Free Press Journal Road, Nariman Point
Mumbai 400 021

India > Corporate and M&A Tier 2

Majmudar & Partners stands out for its partner-led approach, cross-border focus including referral relationships with a number of major UK and US firms, and integrated tax and competition expertise, allowing the firm to act for a combination of major domestic and international clients in complex, often multijurisdictional M&A. The firm also advises clients on joint ventures, corporate structuring, and governance issues, and is particularly focused on the financial services, consumer and retail, tech, and manufacturing sectors. The practice is led by Akil Hirani, who is also UK and US-qualified and has a strong focus on cross-border M&A, UK-qualified Rukshad Davar, who maintains an active transactional and corporate restructuring practice, and Bengalaru’s N. Raja Sujith, the key name for South India-domiciled deals and tech transactions. Kritika Agarwal was promoted to partner in early 2022 and regularly advises on deals with significant competition law elements. Lawyers are in Mumbai unless otherwise stated.

Practice head(s):

Akil Hirani; Rukshad Davar; N. Raja Sujith

Other key lawyers:


‘Majmudar & Partners was exceptional in leading the India-based portion of a multinational transaction that involved simultaneous closings in six jurisdictions. Their sophistication with this type of transaction, and ability to seamlessly interface with the other counsel on the deal team, was invaluable. Additionally, their ability to contextualize any decisions in the broader transaction and to stay ahead of any potential issues made a complicated process very smooth.’

‘Rukshad Davar was exceptional in leading the Majmudar team. Rukshad’s depth of knowledge in M&A and tax, combined with his expertise in leading these types of transactions and interacting with deal teams in other jurisdictions, was impressive. He was assisted by Kritika Agarwal (Associate Partner) whose ability to distill advice in a clear, effective and timeline manner, made what would have been a complicated process very smooth.’

‘Majmudar & Partners provides world-class service, and it is our go-to firm for all India-related matters, including for our most important clients.’

‘Rukshad Davar is our primary point of contact and brings very helpful strategic direction to the matters we work on with him. We also work a lot with Kritika Agarwal and she is exceptional and highly responsive. We have had interactions with other members of Majmudar & Partners and the entire team is responsive and provides clear guidance.’

‘A strong and mature team with a PAN India presence is an absolute must for an M&A transaction.’

‘The sense of experience, and maturity in addressing and resolving the issues. At times coolness works better than aggression.’

Key clients

ZoomInfo Technologies Inc.

Carlisle Companies Incorporated

Buchanan Technologies


Insurity, LLC

RPS Consulting Private Limited

PathPartner Technology Private Limited

Plug Power Inc.

Infac Elecs Co. Limited

Thrasio Holdings, Inc.

Work highlights

  • Acted for ZoomInfo Technologies Incin its acquisitions of Insent, Inc, Affectlayer Inc, and RingLead.
  • Represented Carlisle Companies Incorporated on the sale of Carlisle’s Brake and Friction division to CentroMotion for an undisclosed amount.
  • Represented Arkema on its acquisition of Ashland’s performance adhesive business, at a deal value of US$1.65 billion.

India > Labour and employment Tier 2

Majmudar & Partners‘s employment practice advises on transactional and contentious employment matters, along with significant coverage of employee tax issues. The team, led by the duo of Neerav Merchant and N. Raja Sujith, handles a wide range of matters, including due diligence, strategies on dismissing employees and reorganisations of workforces. It also handles negotiating senior-level employment agreements, and employee benefits.

Practice head(s):

Neerav Merchant; N. Raja Sujith


‘The team is very responsive and professional.’

‘The team handles HR and corporate matters very well. It seems well connected and has a good understanding of how to navigate locally with authorities etc.’

‘The experienced team which replies in good time and gives all the information needed and often in cases more that is relevant.’

Key clients

LifeWorks (formerly Morneau Shepell Limited)

Transatlantic Law International

Knowcraft Analytics Pvt. Ltd

Ncontracts LLC

Elementis Holdings Ltd

Kamstrup A/S

CompuCom Systems, Inc.

Perforce Software, Inc.


Frontdoor, Inc.

Work highlights

  • Advised LifeWorks (formerly Morneau Shepell Limited), North America’s largest employee benefits company, on Indian employment law issues in connection with its Indian subsidiary.
  • Assisted Transatlantic Law International with its advising to client, American Express, on the implementation of its global employee stock option plans, from an Indian law perspective.
  • Advised Ncontracts LLC on Indian employment law considerations in engaging individuals for software development services, in a back-to-back arrangement through a master services agreement.

India > Tax Tier 2

Akil Hirani and Ravi Raghavan continue to lead the tax offering at Majmudar & Partners, whose recent work has included a number of employee tax matters and employee stock ownership plan issues. This growing area complements the team’s strong tax support in M&A, as well as corporate tax structuring. Manufacturing, life sciences, technology, financial services and retail are all sectors covered in the firm’s client base, which continues to see notable growth year-on-year.

Practice head(s):

Akil Hirani; Ravishankar Raghavan

Key clients

DyStar Holding Pte Limited

DLA Piper, Russia

Builders FirstSource, Inc.

Eisner Amper LLP

Steldia Services Limited

Equisoft, Inc.

Synacor Inc.

Cass Information Systems, Inc.

DLA Piper, Hong Kong

Proskauer Rose LLP

Work highlights

  • Advised DyStar Holding on India tax withholding on damages.
  • Advised Builders FirstSource, a supplier of building products, prefabricated components and value-added services in the US, on permanent establishment issues in India.
  • Advised Steldia Services on corporate and expatriate taxation and transfer pricing issues.

India > Life sciences and healthcare Tier 2

Majmudar & Partners works with pharma, life sciences, and biomedical companies across the full range of matters, including M&A and financing, intellectual property, disputes, and drug licensing and regulatory issues. The firm also has a strong record in private equity and venture capital funding of life sciences clients, and acts for a combination of major Indian and international companies and investors. The team is led by Neerav Merchant, a highly experienced pharma regulatory and IP disputes practitioner, alongside Akil Hirani, who is Indian, UK, and California-qualified and offers according multijurisdictional expertise in cross-border deals and regulatory issues, particularly industry verticals. All lawyers mentioned are in Mumbai.

Practice head(s):

Neerav Merchant; Akil Hirani


Competent legal advice. On time assistance.’

‘The firm is very well experienced in healthcare matters, they have dual-qualified lawyers, excellent cross-border experience and a commercial approach to doing deals.’

‘Akil Hirani’s a very commercially savvy and efficient advisor. He gets deals done.’

Key clients

Hinge Health Inc.

Foodcare Sp. Z o.o.

FIGmd, Inc.

OMS Software Solutions India Pvt Ltd.

Browndove Healthcare Private Limited

Bugworks Research India Private Limited

QB Health Technologies Private Limited

Work highlights

  • Assisted Hinge Health Inc, the world’s first digital musculoskeletal clinic for the whole body, in reviewing a master service agreement and statement of work for software development and testing services provided by a US company and its Indian subsidiary.
  • Advised FIGmd, Inc, a leading provider of clinical, claims and quality data acquisition platforms, and data interoperability solutions, in its sale to MRO Corporation.
  • Advised and assisted Foodcare Sp. Z o.o. in issuing a cease and desist legal notice on a Delhi-based distributor seeking to refrain the distributor from passing-off the client’s product under an unregistered trademark.

India > Antitrust and competition Tier 3

India > Dispute resolution: litigation Tier 3

Breach of contract cases, commercial recovery, banking disputes and insolvencies were busy areas for Majmudar & Partners‘ litigation department in 2021 and 2022, the team drawing on its extensive experience acting in matters at the New Delhi and Mumbai High Courts, as well as the Supreme Court of India. Neerav Merchant, who has expertise in commercial, IP and insolvency litigation, and A.K. Hirani, a name to note for banking disputes, co-lead the practice from Mumbai.

Practice head(s):

Neerav Merchant; A.K. Hirani


‘Individuals know very clearly how to manage disputes with an Indian company.’

Key clients

First Climate Markets AG

Arneg India Pvt. Ltd.

SABIC UK Petrochemicals Limited


Navin Engineer

Powerband Industries Pvt. Ltd.

Axis Bank Limited


Napcloud India Private Limited

Transatlantic Law International

Corob India Pvt. Ltd.

Work highlights

  • Represented First Climate Markets in matters relating to breach of commercial contract.
  • Advised Arneg India on proceedings filed by a solo complainant before the Upper Collector, Thane, challenging the use of factory land for industrial purposes.
  • Advised Access Bank UK on claiming outstanding debt owed to it by Mauria Udyog and Searock International.

India > Private equity and investment funds Tier 3

The team at Majmudar & Partners regularly advise venture capital and private equity funds on a full range of matters concerning fund structuring, buyout transactions, exits, and regulatory advice. Akil Hirani co-heads the practice alongside Raja Sujith, and Rukshad Davar. Leading from Mumbai, Hirani and Davar have ample experience in advising on private equity deals and fund structuring matters across the manufacturing, retail, and life sciences sectors. Sujith heads the Bangalore based practice, contributing his expertise in venture capital deals and the technology sector.

Practice head(s):

Akil Hirani; N. Raja Sujith; Rukshad Davar

Other key lawyers:

Amrit Mehta


‘The firm was very comfortable with US investment in India and the team of three lawyers easily guided us on all substantive matters and issues that arose. Each team member was responsible and provided practical, commercial guidance.’

Key clients

Five Elms Capital Management, LLC

Centre Lane Partners, LLC

FTV Management Co LLC

QB Health Technologies Private Limited

cPaperless, LLC

Bugworks Research India Private Limited

Work highlights

  • Advised Five Elms Capital Management, LLC, a leading global growth equity firm that invests in fast-growing B2B software businesses, on its acquisition of minority stake in Vajro, Inc.
  • Advised Centre Lane Partners, LLC, a private investment firm that invests in the equity and debt of middle market companies in North America, on its acquisition of Synacor, Inc.
  • Advised FTV Management Co LLC, a sector-focused growth equity investment firm, in Series-B Funding of Plate IQ.

India > TMT Tier 3

Majmudar & Partners are relied upon for transactional, contractual and internal data policies in the technology sector. Mumbai-based Akil Hirani is a specialist in tech mandates such as outsourcing/service agreements, data protection and Banalore partner N. Raja Sujith advises on business operations for AI platform companies. Likewise Neerav Merchant is a skilled technology lawyer with expertise in IP and compliance.

Practice head(s):

Akil Hirani; N. Raja Sujith; Neerav Merchant


‘The Majmudar team brings in-depth knowledge to bear on specific problems that are put to them and give advice that is balanced and well considered.’

‘The partner Amrit Mehta is very knowledgeable and helpful.’

Key clients

Ichuanke Inc.

Baidu India Internet Private Limited

CIGNA Corporation

PointGuard Technologies

21CC Vishwa Sarvagana Private Limited

Gallagher Operations Support Services Pvt. Ltd.

PracticeTek Purchaser, LLC

Meero Technologies Private Limited

Information Technology Park Limited

Alethea Communications Technologies Pvt. Ltd.

Empaxis Data Management India Private Limited

Frontdoor, Inc.

Work highlights

  • Advised Baidu India Internet Private Limited on its advertising agreements, including, obligations under India’s information technology and data protection laws.
  • Advised PointGuard Technologies, a cloud-based software platform, on finalizing a services agreement for providing software development services.
  • Advised Gallagher Operations Support Services Pvt. Ltd., on data privacy issues in relation to collection and retention of its employees’ COVID-19 vaccination data.

India > White-collar crime Tier 3

India > Banking and finance Tier 4

Majmudar & Partners‘ practice handles a full range of banking and finance matters, including trade and syndicated finance, external commercial borrowings, and banking regulatory advice. Akil Hirani oversees the practice as the managing partner of the firm, and the head of the transactions team, whilst A.K. Hirani has ample experience in advising on commercial loan documentation, financing transactions, and project finance matters. Fraser Alexander has over 25 years of experience in handling litigious banking matters. The team’s broad client base includes banks and financial institutions.

Practice head(s):

Akil Hirani; A.K. Hirani

Other key lawyers:


‘Responsiveness and acumen. They quickly respond to, and initiate, the work needed with excellence and authority. They also will perform duties outside the norm of what’s expected of a law firm to move an initiative along. They became the key business partner for me in establishing a legal entity in India.’

‘Sound knowledge about India laws, especially in corporate matters. The collaboration between the firm and its clients are great with the lawyers leading lots of initiatives.’

Key clients

Elementis Holdings Limited

Cass Information Systems, Inc.

East West Bank

Axis Bank Limited

Dhanlaxmi Bank Limited

Punjab National Bank

Public Sector Bank

Work highlights

  • Advised Cass Information Systems, Inc. a leading provider of integrated information and payment management solutions, on setting-up its Indian subsidiary to conduct freight audit and payment services in India.
  • Advised East West Bank, the largest publicly traded bank in South California, on the Indian law implications of creation of security over the assets of the Indian subsidiary of a US-based borrower.
  • Advising ABL, on execution proceedings filed before the Hon’ble Bombay High Court against the owner of the premises, seeking enforcement of the decree for refund of security deposit.

India > Data protection Tier 4

Majmudar & Partners draws the bulk of its data protection instructions from its considerable TMT practice but is increasingly broadening its coverage in this practice area, reflecting the importance of data privacy in a wide range of industries. The department is jointly led by Akil Hirani and Neerav Merchant in Mumbai, and N. Raja Sujith in Bengaluru; Sujith putting particular focus on this area in 2021 and 2022, especially for his technology sector clients. Corporate partner Amrit Mehta is another contact to note for data privacy issues.

Other key lawyers:

Key clients

Ichuanke Inc.

Baidu India Internet Private Limited

Gallagher Operations Support Services Pvt. Ltd.

Frontdoor, Inc.

Work highlights

  • Advised Baidu India Internet on its obligations under India’s information technology and data protection laws on account of Baidu acting as an online advertiser in India.
  • Assisted Gallagher Operations Support Services with data privacy issues in relation to collection and retention of its employees’ Covid-19 vaccination data.
  • Advised Frontdoor on data privacy law issues in connection with its Indian subsidiary, Frontdoor India.

Intellectual property Tier 4

India > Restructuring and insolvency Tier 4

Taking a multidisciplinary approach, the team at Majmudar & Partners utilises its practitioners' combined expertise in corporate law, disputes and restructuring. Neerav Merchant and Rukshad Davar head the practice, often advising international companies with subsidiaries in India on liquidations and restructurings.

Practice head(s):

Neerav Merchant; Rukshad Davar

Other key lawyers:

Ravishankar Raghavan

Key clients

Essence Group Holding Corporation

Roto-Die Company, Inc.

Axis Bank Limited

Work highlights

  • Assisting Essence Group Holding on the winding-up of its Indian group company, Lumeris India, including assistance on disposal of assets, closure of the balance sheet and the repatriation of liquidation proceeds.
  • Assisting Roto-Die Company on the restructuring of its existing Indian subsidiary, Rotometrics India with Electro Optic (Asia).
  • Representing Axis Bank in execution proceedings filed before the High Court of Bombay against the owner of premises, seeking enforcement of the decree for refund of a security deposit.

India > Real estate and construction

Majmudar & Partners, spearheaded by Neerav Merchant, has developed a niche in representing manufacturing companies in disputes related to the use of industrial land, and also advises on development projects and leasing agreements.

Majmudar & Partners (formerly Majmudar & Co.), established in 1943, has evolved into one of India’s premier law firms representing the who’s who of banks, companies, and financial institutions. Inbound investments into India, corporate/M&A, restructuring, competition, securities, banking and corporate finance, private equity and venture capital, fund structuring, tax, technology, media and telecommunications, employment, projects, infrastructure and energy, biotechnology, outsourcing, IP, distribution, real property and disputes are the main practice areas of the firm. We are one of the few Indian law firms to have created an industry focus. We specialize in the following industries: (i) financial services and insurance; (ii) pharmaceuticals and life sciences; (iii) technology; (iv) manufacturing and industrial; and (v) consumer and retail. This coupled with senior partner led delivery and extreme responsiveness has made us a sought after firm for clients who need high quality and high value services in tight time frames.

Majmudar & Partners has offices in Mumbai and Bangalore and integrated network offices in Chennai, Hyderabad and New Delhi. It services clients nationally and internationally.

Majmudar & Partners’ national team of close to one hundred (100) lawyers provides high-quality and seamless legal services. Most of our lawyers have international work experience and have been recognized as leaders in their field. We are structured on the lines of an international law firm, where each lawyer is on a partnership track. The best-known personalities of the firm are its managing partner, Mr Akil Hirani; senior advisor and partner, Mr AK Hirani; partner, Mr Rukshad Davar; partner, Mr Neerav Merchant; partner, Mr. Ravi S. Raghavan; of counsel, Mr Fraser Alexander; and Bangalore office partner, Mr N Raja Sujith.

Mr Akil Hirani, who has been in practice for more than twenty-five (25) years, is admitted in India, England & Wales and California (currently inactive), and oversees the firm’s transactional, regulatory, and finance practice groups. Mr AK Hirani, who has been in practice for over forty (40) years, is a specialist in banking and real property law. Mr Rukshad Davar is a leading corporate/M&A partner with international deal experience at Jones Day’s former Indian affiliate and heads the M&A practice group at the firm. Mr Neerav Merchant is a highly recommended company/commercial and dispute resolution lawyer.  Mr Ravishankar Raghavan is the partner the tax and private client practice. Mr  Fraser Alexander is a senior banking and commercial litigation lawyer.  Mr N Raja Sujith is a foreign investment, corporate, technology and employment law specialist, and heads the Bangalore office.

Disputes and Real Property A. K.
Transactions and Corporate/M&A Akil
Litigation and Arbitration Neerav
Corporate/M&A and Competition Rukshad
Corporate/M&A and Employment N. Raja
Dispute Resolution and Arbitration Fraser
Taxation Ravi S.
Fraser Alexander photoMr Fraser AlexanderOf Counsel
Rukshad Davar photoMr Rukshad DavarPartner and Head of M&A Practice Group  
A.K. Hirani photoMr A.K. HiraniSenior Partner
Akil Hirani photoMr Akil HiraniHead of Transactions Practice and Managing Partner
Neerav Merchant photoMr Neerav MerchantPartner
Raja Sujith Niruthambath photoMr Raja Sujith NiruthambathPartner and Head of South India
Ravi S. Raghavan photoMr Ravi S. RaghavanPartner – Tax and Private Client Group
IBA (International Bar Association)
American Bar Association
State Bar of California

1. Majmudar & Partners acted as Indian legal co-counsel to Finicity Corporation, a leading North American provider of real-time access to financial data and insights, on its sale to Mastercard (NYSE: MA) for a purchase price of US$825 million.

The matter was led by managing partner, Akil Hirani, who is a senior corporate lawyer in India, and admitted to the bar in California and England as well.

India’s company law, tax law, foreign exchange and other regulations threw-up many impediments, which the Majmudar team navigated successfully and in a timely manner to ensure a seamless execution of the deal. This was one of the largest fintech deals of 2020 and was completed when India was in a full lockdown. A big achievement in tight timelines.

2. Majmudar & Partners acted as Indian legal counsel to Cryoport, Inc. (NASDAQ: CYRX) on its acquisition of CRYOPDP Group, a leading global provider of innovative temperature-controlled logistics solutions to the clinical research, pharmaceutical and cell and gene therapy markets. The purchase price was approximately EUR49 million.

The matter was led by managing partner, Akil Hirani.

This is a very important life sciences logistics transaction, and leapfrogs NASDAQ listed Cryoport, Inc. into the top echelons of life science logistics companies. Our assistance in finding solutions to some legacy regulatory issues and deft handling of complex transaction documents was the key highlight.

3. Majmudar & Partners assisted Chart Industries Inc. (Nasdaq: GTLS), a leading manufacturer of highly engineered cryogenic equipment used in the liquid gas supply chain, on acquisition of employees of Harsco Services India Private Limited and on setting-up its information technology enabled services/ data centre in India.

The matter was led by partner and Head of Corporate/M&A, Rukshad Davar.

This transaction was a part of Chart’s global acquisition of the industrial Air-X-Changers business of Harsco Corporation (NYSE: HSC), valued at US$592 million, which has made it an important transaction.

4. Majmudar & Partners is advising Rabigh Refining & Petrochemical Company, a leading Saudi Arabian petrochemicals refiner, against a breach of contract by a UAE entity, who has an Indian Entity, against which enforcement is being sought.

The litigation is being led by disputes partner, Neerav Merchant.

This matter is challenging, complex and tricky, as there is not much evidence available to support the client’s claim against the Indian Entity, or which can help establish a nexus between the Indian Entity and the UAE Entity. This matter has required some original thinking to find a viable solution for Petro Rabigh.

5. Majmudar & Partners (M&P) has acted for Thrasio Holdings, Inc. (Thrasio), a next generation, global consumer goods company, in a complex, high value acquisition of a significant majority stake in Lifelong Online Retail Private Limited (Lifelong), a leading Indian online consumer brand backed by Tanglin Venture Partners and the Hero Group. M&P assisted Thrasio on deal structuring, legal due diligence, document drafting, and negotiations with the exiting shareholders and other counterparties. The deal was run by Managing Partner, Akil Hirani, with able support from the corporate and tax teams of the firm.  Cooley LLP advised Thrasio Holdings, Inc. on the US law aspects of the acquisition.

With this acquisition, Thrasio has made its entry into the Indian market and plans to invest approx. US$500 million in the future to acquire digital-first brands in India.

Rajaram Legal acted for Lifelong and its founders. Khaitan & Co. acted for Tanglin Venture Partners and AZB & Partners acted for the Hero Group.

6. Majmudar & Partners acts as Indian legal counsel to Five Elms Capital Management, LLC on its acquisition of minority stake in Vajro, Inc.

Five Elms Capital Management, LLC, a leading global growth equity firm that invests in fast-growing B2B software businesses, has participated in the Series A funding round of Vajro, Inc. for US$8.5 million.  Vajro, Inc., is one of the fastest growing mobile app builders for the ecommerce sector.  Majmudar & Partners advised Five Elms on the Indian law aspects of this deal.  The team from Majmudar & Partners was led by Partner and Head of the M&A Practice, Rukshad Davar.  Husch Blackwell advised Five Elms on US law aspects.

7. Majmudar & Partners acts as Indian legal counsel to N. Harris Computer Corporation on its acquisition of Allscripts Healthcare Solutions’ (NASDAQ:MDRX) hospitals and large physician practices business

N. Harris Computer Corporation, a wholly-owned subsidiary of Constellation Software, Inc. (TSX:CSU), has signed an agreement with Allscripts Healthcare Solutions (NASDAQ:MDRX) to purchase Allscript’s hospitals and large physician practices business. The deal is valued at US$700 million, including a continent performance-linked price of up to US$30 million.

Majmudar & Partners advised on the Indian law aspects of this deal, including corporate, foreign exchange, antitrust, intellectual property and tax, and assisted in finalizing the transaction documents. The team from Majmudar & Partners was led by Akil Hirani (Managing Partner and Head of Transactions).

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