Firm Profile > Majmudar & Partners > Mumbai, India

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

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:

Key clients

Chart Industries, Inc.

Morneau Shepell Limited

Givaudan SA

Empaxis Data Management India Private Limited

C&D Technologies, Inc.

Coster Tecnologie Speciali S.p.A

Korn Ferry

Frontdoor, Inc.

United Retirement Plan Consultants

Pacific Industrial Development Corporation

Dispute resolution: litigation Tier 2

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.

Practice head(s):

Other key lawyers:

Key clients

MNP Interconnection Telecom Solutions India Pvt. Ltd.

SABIC UK Petrochemicals Limited

Axis Bank Limited

Positronic Inc.

Clariant Medical Specialties India Limited

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.

Practice head(s):

Key clients

Cigna Corporation

CPP Assistance Services Private Limited

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.

Practice head(s):

Other key lawyers:

Key clients

KeepTruckin, Inc.

Sysdig, Inc.

thyssenkrupp Elevator (India) Private Limited

Minance Technologies Private Limited

MBB Labs Private Limited

Hamburg Sud India Private Limited

Livevox Solutions Pvt. Ltd.

Valagro S.p.A

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.

Other key lawyers:

Key clients

NapCloud USA

ChargePoint USA

DLA Piper, Hong Kong

Oticon Medical Denmark

Sysdig Inc.


Linode LLC

Dealogic (Holdings) Limited, UK

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.

Key clients

Accelerator Enterprise Private Limited

Meero SAS

Smile Family Inc

Electronic Arts (EA) Sarl

ChargePoint, Inc.

NapCloud LLC

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.

Practice head(s):

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.

Practice head(s):

Key clients

Bertram Capital

Korn Ferry

United Retirement Plan Consultants

Private equity and investment funds Tier 3

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.

Key clients

Bertram Capital

Wynnchurch Capital

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.

Practice head(s):

Other key lawyers:

Key clients

Cummins Generator Technologies India Private Limited

Essence Group Holding Corporation

Cigna 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.

Practice head(s):

Other key lawyers:


‘Deep understanding of customer needs, quick and efficient response time and commendable attention to international customers requirements.’


Key clients

Airlines Reporting Corporation

Elementis Holdings Limited

Bank Mizrahi-Tfahot

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.

Practice head(s):

Key clients

Technicolor Trademark Management

University of Illinois (USA)

Carl Freudenberg KG

Eddie Bauer Licensing Services LLC

Horseware Products Limited

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.

Practice head(s):

Other key lawyers:


‘Majmudar provides multiple strategies to approach a problem.’

Key clients

EA Swiss Sarl

CompuCom Systems, Inc.


Suez Water Technologies and Solutions (India) Private Limited

Sandeep Sharma

Pioneer Housing

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.

Department Name Email Telephone
Disputes and Real Property A. K. Hirani +912261237272
Transactions and Corporate/M&A Akil Hirani +912261237272
Litigation and Arbitration Neerav Merchant +912261237272
Corporate/M&A and Competition Rukshad Davar +912261237272
Corporate/M&A and Employment N. Raja Sujith +91804147000
Dispute Resolution and Arbitration Fraser Alexander +912261237272
Taxation Ravi S. Raghavan +912261237272
Corporate/M&A Amrit Mehta +912261237272
Corporate/M&A and Competition Kritika Agarwal +912261237272
Photo Name Position Profile
Ms Kritika Agarwal photo Ms Kritika Agarwal Associate Partner
Mr Fraser Alexander photo Mr Fraser Alexander Of Counsel
Mr Rukshad Davar photo Mr Rukshad Davar Partner and Head of M&A Practice Group  
Mr A.K. Hirani photo Mr A.K. Hirani Senior Partner
Mr Akil Hirani photo Mr Akil Hirani Head of Transactions Practice and Managing Partner
Mr Amrit Mehta photo Mr Amrit Mehta Partner
Mr Neerav Merchant photo Mr Neerav Merchant Partner
Mr Raja Sujith Niruthambath photo Mr Raja Sujith Niruthambath Partner and Head of South India
Mr Ravi S. Raghavan photo Mr Ravi S. Raghavan Partner – 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. 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.