Firm Profile > Majmudar & Partners > Mumbai, India
Majmudar & Partners Offices
Raheja Chambers, 2nd Floor
Free Press Journal Road, Nariman Point
Mumbai 400 021
Majmudar & Partners > The Legal 500 Rankings
Corporate and M&A Tier 2
Combining expertise in tax and competition law with M&A capabilities, Majmudar & Partners provides comprehensive services to a variety of clients operating in sectors, such as financial services, pharmaceuticals, technology and manufacturing. With extensive experience advising on public and private M&A, Akil Hirani leads the department with Rukshad Davar, whose transactional expertise covers restructuring matters, and N. Raja Sujith. Kritika Agarwal, who focuses on corporate and competition law, is another key member in the team.
Other key lawyers:
Chart Industries, Inc.
Morneau Shepell Limited
Empaxis Data Management India Private Limited
C&D Technologies, Inc.
Coster Tecnologie Speciali S.p.A
United Retirement Plan Consultants
Pacific Industrial Development Corporation
Majmudar & Partners represents Indian and multinational companies in banking disputes, IP infringement claims, injunctive actions, breach of contract claims and various other matters. Neerav Merchant’s practice encompasses all forms of disputes in the technology, manufacturing and financial services sectors. Fraser Alexander has more than 20 years of experience in banking, restructuring and insolvency disputes.
Insurance Tier 2
Clients of Majmudar & Partners’ insurance practice include international insurers and reinsurers for which practice heads Akil Hirani and Rukshad Davar recently advised on joint venture arrangements in the healthcare insurance space, card payment protection plans, group insurance structures, wind downs and regulatory advice for plan rollouts. Private sector financial institutions recently engaged the team to advise on warranty and indemnity insurance matters.
Labour and employment Tier 2
The predominantly international client roster of Majmudar & Partners’ labour and employment practice comprises noteworthy names in the pharmaceuticals, IT, telecoms, FMCG, engineering and professional services sectors. The breadth of HR guidance, restructuring, senior hires and terminations and POSH compliance is advised on, while an uptick in breach-of-confidentiality disputes was witnessed by the team. Neerav Merchant and N. Raja Sujith lead the practice, and Amrit Mehta adds strength to transactional and tax-related employment issues, including in regards to ESOP structuring.
Other key lawyers:
thyssenkrupp Elevator (India) Private Limited
Minance Technologies Private Limited
MBB Labs Private Limited
Hamburg Sud India Private Limited
Livevox Solutions Pvt. Ltd.
GS Engineering & Construction Mumbai Private Limited
Tax Tier 2
Recent highlights for Majmudar & Partners’ tax practice co-head Akil Hirani involved advising high-profile multinational clients on complex ESOP and equity compensation plan structuring, alongside a healthy stream of M&A-related tax structuring. International corporate clients and high-net-worth investors benefit from co-head Ravishankar Raghavan’s extensive knowledge of permanent establishment issues, international taxation treaties and the establishment of Indian subsidiaries. The team witnessed an increase in US-based clients, who instructed Rukshad Davar to advise on joint venture restructuring and transfer pricing provisions for their Indian operations.
TMT Tier 2
Majmudar & Partners' practice focuses primarily on technology transactions, data privacy, competition law in the field of technology and complex regulatory matters. Recently, the team has seen a growth in instructions from clients looking to establish data centers in India, such as Microsoft. Akil Hirani is an expert in IT regulation, data protection, outsourcing and IP matters. Neerav Merchant has notable expertise in the technology sector, which includes advising clients on data privacy and trade marks. N. Raja Sujith is a key partner for TMT clients involved in corporate transactions.
Accelerator Enterprise Private Limited
Smile Family Inc
Electronic Arts (EA) Sarl
Conversant Software Development and Campaign Management Services LLP
Gallagher Service Center LLP
Epsilon International Consulting Services Private Limited
White-collar crime Tier 2
Neerav Merchant leads the anti-corruption advisory practice at Majmudar & Partners, which maintains a client roster of pharmaceuticals, IT, healthcare, professional services and heavy industry names. The practice is focused on conducting internal investigations into financial misconduct and advising on anti-corruption and anti-bribery compliance measures and policies. Risk mitigation checks and due diligence on cross-border M&A transactions are also provided.
Antitrust and competition Tier 3
The competition practice at Majmudar & Partners is focused on handling transactional issues for a global client roster of financial services, manufacturing, pharmaceuticals, healthcare and FMCG businesses. Ongoing instructions for practice head Rukshad Davar involving advising on pre-merger notifications, merger control filings, compliance with cartel legislation and pricing arrangements.
United Retirement Plan Consultants
Led by Akil Hirani, N. Raja Sujith and Rukshad Davar, Majmudar & Partners’ private equity practice is retained by Indian and US-based funds operating in the manufacturing, pharmaceuticals and technology sectors. Ongoing engagements for the team include cross-border portfolio acquisitions, minority buyouts and exits. Tax-led advice on fund structuring is also provided to venture capital and private equity funds.
‘The team is well experienced and handled our legal requirements to our total satisfaction.‘
‘Raja Sujith is a total professional and well experienced.‘
Browndove Healthcare Private Limited
Accelerator Enterprise Private Limited
Sloki Technologies Private Limited
Restructuring and insolvency Tier 3
Benefiting from a strong banking practice, Majmudar & Partners provides a multidisciplinary service further covering corporate and tax law issues in the contexts of insolvency and bankruptcy matters. The practice demonstrates sector-specific expertise across manufacturing, telecoms, financial services and technology, and is often instructed to handle complex corporate restructuring issues. Neerav Merchant, who focuses on dispute resolution, jointly leads the department with Rukshad Davar, who specialises in M&A and corporate restructuring.
Other key lawyers:
Cummins Generator Technologies India Private Limited
Essence Group Holding Corporation
Roto-Die Company, Inc.
Armstrong Teasdale LLC
SABIC UK Petrochemicals Limited (SABIC)
Dhanlaxmi Bank Ltd.
Punjab National Bank
Banking and finance Tier 4
With notable investment in the energy, fintech and microfinance sectors, Majmudar & Partners is well equipped to advise clients on a wide range of transactions and shows particular strength in assisting Indian clients providing loans to overseas borrowers. Akil Hirani, who is a qualified practitioner in India, England and California, brings a wealth of experience to clients in all areas of banking and finance. Fraser Alexander is a go-to partner for clients banks embroiled in financial disputes. Neerav Merchant is also recommended.
Other key lawyers:
‘Deep understanding of customer needs, quick and efficient response time and commendable attention to international customers requirements.’
Airlines Reporting Corporation
Elementis Holdings Limited
Axis Bank Limited
Intellectual property Tier 4
Majmudar & Partners is particularly present on the soft IP side, with practice heads N. Raja Sujith and Neerav Merchant advising on trade mark registration, prosecution and commercial IP to a diverse roster of education, retail, technology and life sciences clients. On the contentious side, commercial IP disputes are a strong point, and oppositions and enforcement are also handled.
Real estate and construction Tier 4
Majmudar & Partners’s real estate practice predominantly acts for developers, private equity funds, technology and pharmaceutical companies in a range of contentious and non-contentious matters. The team boasts expertise across property acquisition and conveyancing, as well as lease and license agreements. Practice head Neerav Merchant, whose experience in the sector spans more than 20 years, is a go-to counsel for real estate developers.
Majmudar & Partners > Firm Profile
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 timeframes.
Majmudar & Partners has offices in Mumbai, Bangalore and New York, 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. A. K. Hirani; partner, Mr. Rukshad Davar; partner, Mr. Neerav Merchant; partner, Mr. Amrit Mehta; associate partner, Ms. Kritika Agarwal; of counsel, Mr. Fraser Alexander; tax counsel, Mr. Ravishankar Raghavan; 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. A. K. 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. Amrit Mehta has expertise in corporate/M&A, private equity, contract and employment law. Ms. Kritika Agarwal specializes in corporate/M&A and competition law. Mr. Fraser Alexander is a senior banking and commercial litigation lawyer. Mr. Ravishankar Raghavan is the counsel of the tax and private client practice. 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. Hiraniemail@example.com||+912261237272|
|Transactions and Corporate/M&A||Akil Hiranifirstname.lastname@example.org||+912261237272|
|Litigation and Arbitration||Neerav Merchantemail@example.com||+912261237272|
|Corporate/M&A and Competition||Rukshad Davarfirstname.lastname@example.org||+912261237272|
|Corporate/M&A and Employment||N. Raja Sujithemail@example.com||+91804147000|
|Dispute Resolution and Arbitration||Fraser Alexanderfirstname.lastname@example.org||+912261237272|
|Taxation||Ravi S. Raghavanemail@example.com||+912261237272|
|Corporate/M&A and Competition||Kritika Agarwalfirstname.lastname@example.org||+912261237272|
|Ms Kritika Agarwal||Associate Partner||View Profile|
|Mr Fraser Alexander||Of Counsel||View Profile|
|Mr Rukshad Davar||Partner and Head of M&A Practice Group||View Profile|
|Mr A.K. Hirani||Senior Partner||View Profile|
|Mr Akil Hirani||Head of Transactions Practice and Managing Partner||View Profile|
|Mr Amrit Mehta||Partner||View Profile|
|Mr Neerav Merchant||Partner||View Profile|
|Mr Raja Sujith Niruthambath||Partner and Head of South India||View Profile|
|Mr Ravi S. Raghavan||Partner – Tax and Private Client Group||View Profile|
MembershipsIBA (International Bar Association) American Bar Association State Bar of California IGCC
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. Advised DUS Operating, Inc., an entity funded by Bardin Hill Investment Partners LP and the Charlton Group, in the closing of the acquisition of the Indian subsidiaries of Dura Automotive Systems, LLC, as a part of a global asset purchase through a bankruptcy proceeding in the US for US$84 million.
The matter was led by partner, Amrit Mehta.
This was an important, high value purchase transaction of global assets of the sellers pursuant to completion of a complex bankruptcy process in the US. This raised many Indian company law, tax law, and other regulatory issues, which could have derailed the transaction without our deft handling.
Legal Developments21st September 2021 By: Akil Hirani, Managing Partner, Majmudar & Partners, India
16th September 2021
BackgroundMicro, Small, and Medium Scale Enterprises (“MSMEs”) have faced a lot of hardships and financial stress during the Covid19 pandemic. The Indian government has taken several measures to mitigate their distress, including increasing the limit of the minimum amount that constitutes a default for the initiation of the Corporate Insolvency Resolution Process (“CIRP”) and suspending the filing of fresh insolvency applications under the Insolvency and Bankruptcy Code, 2016 (the “Code”) for a year post March 25, 2020.
1st June 2021 Indian securities law has focussed on regulating, holding accountable and penalizing “promoters” as a result of concentrated family owned businesses which are largely prevalent in India. In this regard, the Securities and Exchange Board of India (the “SEBI”) defines a “promoter” to include any person: (a) who has been identified as a promoter by the company in its offer documents or annual returns; (b) who has direct or indirect control over the affairs of the company whether as a shareholder, director or otherwise; or (c) in accordance with whose advice, directions or instructions, the board of directors of the company is accustomed to act.