AZB & Partners > Mumbai, India > Firm Profile

AZB & Partners
AZB HOUSE, PENINSULA CORPORATE PARK
GANPATRAO KADAM MARG, LOWER PAREL
MUMBAI 400 013
India

India > Antitrust and competition Tier 1

Headed by Samir Gandhi, the competition practice at AZB & Partners continues to be a market leader in this area and has a strong regional footprint across Delhi, Mumbai and Bangalore. The team has an impressive client roster made up of multinational manufacturing corporations, blue-chip companies including Google, and aerospace companies. Bharat Budholia is recommended for merger control matters, having recently advised on Facebook’s acquisition of a 9.9% stake in Jio Platforms. Hemangini Dadwal is also a key partner, focusing on antitrust investigations and representing pharmaceutical companies. Senior associate Gaurav Bansal advises on merger filings.

Practice head(s):

Testimonials

‘Bharat Budholia has solid experience and a solution-oriented mindset with exceptional capabilities.’

‘Samir Gandhi has been our go-to person when it comes to competition law advisory or litigation. He brings with him a lot of experience in handling and managing complex issues with ease.’

‘The team lead by Samir Gandhi is quick on the uptake and invests considerable time in understanding the client’s business with its unique nuances. This allows their advice and approach to be specifically crafted for the client. The domain expertise they bring to the table is remarkable. What stands out is that the team advises on the strategy as comprehensively as on the law, which provides long-term guidance rather than limiting it to solving only the issue at hand.’

‘Samir stands out as the partner of choice. His functional knowledge is exceptional and he possesses remarkable emotional intelligence to nuance his approach to the client – both legal and business. He invests in a long-term relationship with a client, before and after closing the mandate, which builds a unique brand of trust.’

‘The team has a very good grasp of the business and the surrounding market dynamics.’

Key clients

Google LLC., Google Ireland Limited and Google India Pvt. Ltd.

Jio Platforms Limited

IATA

Autoparts

Tata SIA Airlines Limited

Bombardier Transportation and Bombardier Inc

Total SE

Tata Digital

Uber

Saudi Basic Industries Corporation

Board for Cricket Control in India

Work highlights

  • Acting for Google in relation to abuse of dominance investigations into Android smartphones.
  • Advised Jio Platforms Limited on securing the approval of the Competition Commission of India (CCI) in relation to Facebook’s acquisition of a 9.9% stake in JPL.
  • Successfully represented Tala Motors and Mercedes Benz India before the Delhi High Court in a case dealing with the constitutional validity of certain key provisions of the Competition Act, 2002.

India > Banking and finance Tier 1

Leading institutional lenders, both domestic and international, retain AZB & Partners for the full breadth and banking and finance matters. Gautam Saha heads Delhi operations and works closely with Pallavi Meena on mandates from foreign lenders and investors including the International Development Finance Corporation and IFC. The expansive Mumbai desk houses co-heads Bahram Vakil and Anand Shah, as well as Hufriz Wadia, distressed debt expert Nikunj Maheshwari and structured finance leader Nilang Desai. The practice secures impressive multibillion-dollar refinancing mandates from alternative investors operating in the real estate sector. In other highlights, the team advised a syndicate of ten investment banks acting as arrangers in high-value debt issuances in the transport sector.

Practice head(s):

Testimonials

‘Proactive and commercially oriented advice. Very good understanding of requirements of foreign lenders into the Indian market. Excellent understanding of the complex and ever-changing regulatory landscape.’

‘Ambarish Mohanty and Pallavi Meena are both excellent. Highly responsive and technically strong. Good drafting skills relative to Indian market.’

‘They provide you complete solutions in a time-bound manner. Each of their team members (based on my experience with some of their team members) have complete expertise. Client feels secure with their advice.’

‘Clear understanding of the issue with clear solution within time. they understand the urgency and accordingly provide service.’

Key clients

Goldman Sachs

International Finance Corporation

United States International Development Finance Corporation

Export Development Canada

Barclays Bank

JM Financial

Tata Capital

HDFC Bank

KKR

Citibank N.A.

Asian Development Bank

Brookfield Asset Management Inc.

Investec Bank PLC and Investec Capital Services (India) Private Limited

Tata Motors Finance Limited and its group companies

Larsen & Toubro Limited

Hero Enterprises group

Bahadur Chand Investments Private Limited (promoter of Hero Motocorp group)

Kotak Mahindra Bank Limited

SBFC Finance Private Limited

ICICI Prudential Mutual Fund

Oaktree Capital Management

Jana Small Finance Bank Limited

PAG Asia Capital

Reliance

Yes Bank

Carlyle

Work highlights

  • Acted for HDFC Limited in relation to issuance of non-convertible debentures of up to INR36,930,000,000 which were issued as part of a qualified institutional placement comprising issuance of equity shares, non–convertible debentures and warrants.
  • Advised United States International Development Finance Corporation in relation to its loan of up to $50m to Northern Arc by way of an external commercial borrowing for on-lending to support female entrepreneurship and employment, food security and water, sanitation and hygiene.
  • Advised a total of 10 multinational investment banks on the debt issuance of social bonds (being global medium term notes) by Shriram Transport Finance Company Limited aggregating to $500m listed on the Singapore Exchange Securities Trading Limited (SGX-ST).

India > Capital markets Tier 1

AZB & Partners fields a ‘highly skilled and hands-on’ capital markets team that handles landmark transactions for an impressive roster of clients including issuers, investment banks and private equity houses. Team head Varoon Chandra has an extensive practice, with particular strength in domestic and international debt issuances, QIPs, and GDRs. FPOs are dealt with by Lionel D’Almeida whilst Srinath Dasari handles IPOs for Indian companies. However, the group has faced multiple departures, with Madhurima Mukherjee and her team joining J Sagar Associates in June 2020.

Practice head(s):

Testimonials

‘The capital markets team at AZB is full-service, highly skilled and hands-on. We have worked with them on a number of debt and equity issuances in the last year and they have always been a pleasure to work with.’

‘Varoon Chandra is clever, commercial, pragmatic and knows the Indian regulations inside out. He is able to handle various transactional challenges with skill and experience, which is deeply appreciated and goes a long way towards the smooth execution of the transaction.’

‘Agnik Bhattacharya in Delhi is very hands on, has an excellent understanding of the complex Indian regulations and can be trusted to communicate these clearly and offer helpful solutions. Having him on a deal is a pleasure and significantly helps client communication.’

Key clients

Au Small Finance Bank Limited

Apeejay Surrendra Park Hotels Limited

Atria Convergence Technologies Limited

Axis Bank Limited

Bandhan Bank Limited

Bharti Airtel Limited

BSE Limited

Capital First Limited

Central Depository Services (India) Limited

Chindata Group Holdings Limited

Coldex Limited

Computer Age Management Services Limited

CSB Bank Limited

Craftsman Automation Limited

Delta Corp Limited

DLF Limited

Dodla Dairy Limited

Easy Trip Planners Limited

Eros International Plc

GMR Infrastructure Limited

HDFC Asset Management Company Limited

HDFC Bank Limited

HDFC Standard Life Insurance Company Limited

Hinduja Leyland Finance Limited

Housing Development Finance Corporation Limited

ICICI Bank Limited

ICICI Prudential Asset Management Co. Limited

Indiabulls Housing Finance Limited

Indiabulls Ventures Limited

IndiaMART InterMESH Limited

Indian Railway Finance Corporation Limited

Infosys Limited

InterGlobe Aviation Limited

Jain Irrigation Systems Limited

JM Financial Limited

JM Financial Credit Solutions Limited

JM Financial Products Limited

JSW Steel Limited

Kalyan Jewellers Limited

Kotak Mahindra Bank Limited

Lemon Tree Hotels Limited

Larsen & Toubro Limited

LT Foods Limited

M. Pallonji & Company Private Limited

Mahindra Logistics Limited

Max Ventures and Industries Limited

Max Healthcare Institute Limited

Metropolis Healthcare Limited

Motherson Sumi Systems Limited

Mrs. Bectors Food Specialities Limited

Muthoot Finance Limited

Nazara Technologies Limited

National Commodity & Derivatives Exchange Limited

National Stock Exchange of India Limited

Novartis India Limited

Patel Infrastructure Limited

PI Industries Limited

PNB Metlife India Insurance Company Limited

Polycab India Limited

Prince Pipes and Fittings Limited

Redington (India) Limited

RBL Bank Limited

Reliance Industries Limited

S Chand And Company Limited

Sansera Engineering Limited

SAMHI Hotels Limited

SBI Cards and Payment Services Limited

SBI Life Insurance Company Limited

Seven Islands Shipping Limited

Shriram Transport Finance Company Limited

Sintex Industries Limited

SRF Limited

Sterling and Wilson Solar Limited

Stove Kraft Limited

Tata Consultancy Services Limited

Tata Investment Corporation Limited

Tata Motors Limited

Tata Steel Limited

Tata Capital Financial Services Limited

TCNS Clothing Co. Limited

TeamLease Services Limited

The Indian Hotels Company Limited

The New India Assurance Company Limited

Thomas Cook (India) Limited

Tower Infrastructure Trust

Varun Beverages Limited

VTB Capital plc

YES Bank Limited

Thomas Cook (India) Limited

Investment Banks

A.K. Capital Services Limited

Axis Capital Limited

Barclays Bank Plc.

Centbank Financial Services Limited

Citigroup Global Markets India Private Limited

Credit Suisse Securities India Private Limited

CLSA India Private Limited

DAM Capital Advisors Limited (formerly IDFC Securities Limited)

Deutsche Equities India Private Limited

DSP Merrill Lynch Limited

Edelweiss Financial Services Limited

Emkay Global Financial Services Limited

Equirus Capital Private Limited

Fortune Financial Services (India) Limited

Goldman Sachs India (Securities) Private Limited

Haitong Securities India Private Limited

HDFC Bank Limited

HSBC Securities and Capital Markets (India) Private Limited

ICICI Securities Limited

India Infoline Limited

IDBI Capital Markets & Securities Limited

IIFL Holdings Limited

IIFL Securities Limited

Inga Advisors Private Limited

Intensive Fiscal Services Private Limited

Investec Capital Services (India) Private Limited

Jefferies India Private Limited

JM Financial Limited

J.P. Morgan India Private Limited

Kotak Mahindra Capital Company Limited

Morgan Stanley India Private Limited

Motilal Oswal Investment Advisors Limited

Nomura Financial Advisory and Securities (India) Private Limited

SBI Capital Markets Limited

Spark Capital Advisors (India) Private Limited

Trust Investment Advisors Private Limited

UBS Securities India Private Limited

Vivro Financial Services Private Limited

YES Securities (India) Limited

Funds/ Financial Investors

Banyan Tree

Blackstone

BNP Paribas Cardif S.A.

Brookfield

Carlyle

Elevar

Everstone Capital

Eight Roads

Everfin Holdings

Equity International

Fairfax

FMO

Gateway Partners

GIC

Goldman Sachs

GTI Capital

IFIF

International Finance Corporation

IFC FIG Investment Company I

KKR

Kuwait Investment Authority

Marina III (Singapore) Pte. Limited

Maplewood

Nomura

Omega TC Sabre Holdings Pte. Ltd.

SABR India Investment Pvt Ltd.

Sarva Capital

Sequoia

Starwood

Tata Capital

Temasek

TPG

Warburg Pincus

WestBridge

Wolfensohn

Walton Street Capital

Work highlights

  • Acted for Reliance Industries Limited on its issuance of $7 billion of equity.
  • Acted for Housing Development Finance Corporation Limited, as issuer, on a QIP comprising an issuance of three instruments (equity shares, non–convertible debentures and warrants), a transaction valued at INR140 billion.
  • Acted for ICICI Bank Limited on its QIP, which raised INR150 billion.

India > Corporate and M&A Tier 1

Telecoms, e-commerce and financial services are sectors proving busy for AZB & Partners‘ practice, which encompasses M&A, joint ventures and general corporate work. The team is evenly spread across Delhi and Mumbai, housing such recognised experts as Zia Mody, Gautam Saha, Darshika Kothari and Ajay Bahl. Additionally, Srinath Dasari‘s Bangalore practice handles venture capital and private equity transactions across a range of innovative sectors. Marquee transactions in both the domestic and international markets are instructed by global conglomerates; indicatively, Bahl and Vinati Kastia acted for GlaxoSmithKline in its multibillion-dollar secondary stock trade of a stake in Hindustan Unilever in a market-leading divestment exercise. Nandish Vyas joined the Mumbai office from Veritas Legal in February 2022.

Other key lawyers:

Testimonials

‘AZB has a cutting edge M&A practice. The team is collaborative, innovative, solution oriented and commercial in their approach.’

‘I have worked extensively with Amrita Patnaik & Harshit Chandra in the M&A team and found them to be attentive and painstakingly patient in their approach and demeanour. They are thorough in their review, extremely hard working and conscientious and have a never say die attitude.’

‘The level of expertise, availability and organisational skills is high.’

‘AZB has coverage across all the areas relevant to M&A and they work very collaboratively within the firm across specialisations and offices’.

‘The partners conveyed their very practical experience and examples of how things really work – beyond the black letter law provisions’.

Key clients

JP Morgan Chase & Co.

New Mountain Capital L.L.C. (“NMC”)

TOTAL SE

Total SA

Hexaware Technologies

Reliance Industries

Tata Sons

GSK

Bharti Airtel Limited and Bharti Infratel Limited

Orix Corporation

Xander Group

Tata Motors

Accenture

Sterlite Technologies Limited

Deccan Fine Chemicals (India) Private Limited

Miranda Tools Private Limited and Miranda Few Tools Private Limited (part of Ashok Piramal Group)

API Holdings Private Limited

Precision Automation and Robotics India Limited

Work highlights

  • Acted as Indian legal advisors to Total on its acquisition of a 50% stake in a 2.35 GWac portfolio of operating solar assets owned by Adani Green Energy Limited (“AGEL”) and a 20% stake in AGEL.
  • Acted as sole legal advisors to Tata Motors Ltd on its scheme of arrangement.
  • Advised the subsidiaries of GSK on the sale of collective 5.69% stake held in Hindustan Unilever Limited on the floor of the stock exchange.

India > Dispute resolution: arbitration Tier 1

With leading practitioners across its New Delhi and Mumbai offices, AZB & Partners‘ dispute resolution team continues to win top domestic and international arbitration instructions and is ‘particularly effective in assisting foreign parties resolve their disputes in India‘. Its diverse experience includes energy and financial services sector matters and extends to emerging areas including new technology, fintech and privacy issues. Thanks to the firm’s cross-practice collaboration, the group is also well-versed in private equity and corporate disputes emanating from its M&A practice. Mumbai-based Rajendra Barot leads the team alongside Vijayendra Pratap Singh in New Delhi.

Practice head(s):

Rajendra Barot; Vijayendra Pratap Singh

Other key lawyers:

Sonali Mathur; Roopali Singh; Aditya Vikram Bhat; Priyanka Shetty; Abhijnan Jha; Aditya Jalan

Testimonials

The practice is made unique by its team, which is led by Mr. VP Singh. The team is a well-oiled machine that focuses on careful analysis of client issues and achieves a superior legal game-plan to assist the appointing party. The team is also very collaborative with other professionals that often play an important role in the resolution process.

The individuals that I work with are mainly VP Singh, senior associate Abhijnan Jha and Aditya Jalan. Under the leadership of VP Singh, the team has gained a lot of experience in the various nuances of domestic and international dispute resolution process. The tam is particularly effective in assisting foreign parties resolve their disputes in India.’

Key clients

Amazon.com Investment Holdings LLC

Facebook Inc.

IHH Healthcare Berhad / Parkway Pantai Ltd.

KPMG / BSR & Associates LLP

Nestle India Ltd.

Reserve Bank of India

Swiss Timing Ltd.

Whatsapp Inc.

Ramky Infrastructure Ltd.

Rishima SA Investments LLC

Western Geco International Ltd.

Work highlights

  • Advised Amazon.com Investment Holdings LLC on the breaches of contractual provisions between Amazon and the Future Group, in relation to a transaction between the Future Group and Reliance.
  • Successfully represented BanyanTree Growth Capital, L.L.C. (BT) in two Singapore-seated international commercial arbitrations that resulted in two unanimous SIAC Awards in favour of BT.
  • Representing IHH Healthcare Bhd in a Singapore seated arbitration proceeding against the minority shareholders of IHH’s subsidiary company in Hyderabad.

India > Dispute resolution: litigation Tier 1

AZB & Partners remains a market leader in the litigation space, fielding a team of experts to handle a range of competition litigation and joint venture disputes, among others. Seasoned practitioner Rajendra Barot co-heads the practice from Mumbai, with experience in proceedings before the Supreme Court; co-head Vijayendra Pratap Singh in Delhi is the key contact for corporate and commercial disputes. In Bangalore, Aditya Vikram Bhat has particular expertise in cross-border litigation, with a focus on shareholder disputes; he is also acting for Facebook before the Bombay High Court in a case relating to the regulation of online content. Other core team members include Mumbai-based Sonali Mathur, an expert in securities litigation, and Abhimanyu Chopra, who was promoted to the partnership in April 2021, in Delhi. The team is backed by an experienced group of associates, including Abhijnan Jha in the Delhi office.

Testimonials

‘What stands out is the continuity of the same team for many years, the quick and analytical responses and client focus, which adds value.’

‘Good drafting when compared to other competitors. Complete coordination in delivery of work for clients.’

‘A good litigation team which works closely with the corporate practice.’

‘Priyank Ladoia is a bright upcoming lawyer.’

‘The team is extremely well equipped and comfortable in using technology for serving its clients and dealing with court procedures.’

‘The individuals are practical and commercially minded. They come up with solutions that are sometimes innovative and always focused on a resolution that is realistic and efficient.’

Key clients

Amazon.com Investment Holdings LLC

Facebook Inc.

IHH Healthcare Berhad / Parkway Pantai Ltd.

KPMG / BSR & Associates LLP

Nestle India Ltd.

Reserve Bank of India

Swiss Timing Ltd.

Whatsapp Inc.

Ramky Infrastructure Ltd.

HSBC PI Holdings (Mauritius) Limited

TA Asia Pacific Acquisitions Limited (“TA”)

Reserve Bank of India (“RBI”)

Various ETA group companies, Mr. Salahuddin & family, Arif Buhary Rahman, and Mr. Essa Al Ghurair

KKR India Asset Finance Limited

WestBridge Ventures II Investment Holdings

LSF10 Rose Investments S.à r.l.

Max Tower

Bharti Airtel Limited

National Stock Exchange

IAE International Aero Engines AG

DI Netherlands B.V., Nuovo Pignone International S.r.l and Baker Hughes Inc.

O.R.E Holdings Limited

Work highlights

  • Acted for Amazon in a case over breaches of contractual provisions between Amazon and the Future Group, in relation to a transaction between the Future Group and Reliance.
  • Advised and represented Facebook India Online Services Pvt. Ltd., its MD, Ajit Mohan, and Facebook Inc. in a writ petition before the Supreme Court of India against the Delhi Legislative Assembly as well as various arms of the Indian government.
  • Representing HSBC in the enforcement proceedings of a SIAC award before the Bombay High Court which grants HSBC an amount of $60m against Avitel Post Studioz and its promoters.

India > Financial services regulatory Tier 1

AZB & Partners has a focused team of financial services experts who have an ‘excellent knowledge of the law, practice of regulators and market participants‘. When undertaking corporate or transactional work, it advises bank, non-bank, fintech, and insurance clients on the regulatory regimes affecting business transfers, intra–group restructuring, and the compliance or risk implications of launching new businesses in India. This is combined with cyber security and governance expertise. Mumbai-based Ashwath Rau heads the group; he has extensive experience in the fintech and financial services arenas, while Vipul Jain regularly advises a range of financial institutions and off-shore private equity and other investors in the Indian market on their corporate and regulatory requirements. In Mumbai, G. Padmanabhan is a senior consultant (and is a former executive director of the Reserve Bank of India). Partner Rushabh Maniar is well rated for his grasp of the Indian regulatory environment and advises major, international investors.

Practice head(s):

Testimonials

‘This practice has been advising me, in relation to major global asset management business, for the past 10 years, which places them well in relation to understanding non-India based business needs and legal requirements in India. I find their advice to be well considered and precise, and with an appropriate overlay of commercial judgement. The team is willing and able to engage with SEBI directly on behalf of my business where existing regulation produces poor industry/policy outcomes, or needs clarification.’

‘Rushabh Maniar is my go-to partner @ AZB. He has a strong understanding of my business in Asset Management, somewhat understand the global framework that we operate in, and understands the need to apply laws and regulations with a commercial mindset, but within a precise reading of Indian financial services laws.’

‘Excellent knowledge of the law, practice of regulators and market participants. Reassuring/practical advice. Always available.’

Key clients

HDFC Limited

Brookfield Asset Management

Warburg Pincus LLP

Camden Town Technologies

Bank of Baroda

Sachin Bansal/ Navi Technologies Private Limited/ Chaitanya Rural Intermediarion Development Services Private Limited/ Chaitanya India Fin Credit Private Limited

HDFC Asset Management Company Limited, HDFC Trustee Company Limited

Visa Inc.

Flywire (Singapore) Pte. Ltd.

Tiger Global Management

Kotak Mahindra Bank Limited

Work highlights

  • Acted for Reliance Industries Limited and Jio in Jio’s fundraising of more than USD 20 billion from 13 investors, constituting the largest foreign investment in India to date.
  • Advised an affiliate vehicle of Tiger Global Management, based out of United States of America, in its proposed investment in Series D Fundraising of Dreamplug Technologies Private Limited.
  • Assisting the LGT Group, Liechtenstein, with setting up its wealth management business in India.

India > Private client Tier 1

AZB & Partners is highly regarded by a sizeable roster of ultra-high-net-worth individuals (HNWIs), family offices, and financial intermediaries for its capabilities in high-value corporate transactions, inter-generational wealth transfers, family governance, disputes, and alternative asset classes. Practice co-head Shreya Rao works from the firm’s Bangalore office, advising numerous non-resident Indian clients with assets and business interests in the US, the UK, and Singapore. Mumbai-based co-head Anand Shah regularly advises HNWIs and promoters on succession planning, the restructuring of holdings, and personal liabilities. In New Delhi, Hardeep Sachdeva concentrates on wealth transfers and complex family settlements, including de-mergers, and dual-qualified chartered accountant and solicitor Ajay Bahl is recommended for his experience in structuring and transfer pricing.

Other key lawyers:

Testimonials

‘AZB’s private client practice is really good, with Anand Shah and Shreya Rao bringing comprehensive experience to the table. They have a great ability to connect with clients and give them timely advice.’

‘Really appreciate the quick turnaround.’

‘Anand Shah is always available for brainstorming and for answering any queries. He really understands the client’s requirements well and is very quick to come up with commercial solutions.’

‘There is an internal standard that keeps this firm at the top. When everyone works at their best you build a world-class firm. Zia Mody, Anand Shah and the team have been excellent in their advice to our single family office. Their ability to tackle complex and often emotional issues in a humble, practical way has helped tremendously. Other firms are very transactional and expect to move quickly into an engagement. AZB is willing to invest into the relationship and is not just commercially focused.’

‘Humility, approachability, and sharp acumen set AZB apart.’

‘The strong point of this practice is that your contact point seamlessly reaches out to specialised professionals for advice. This is why a client is able to access the full strength of AZB.’

‘They have a more strategic approach rather than taking on legal challenges one by one. The advice is very personalised and the team is service oriented . They behave as though they are truly your company’s legal team. They are competent and humble at the same time, and are also flexible and move fast in terms of adopting the latest and best practices.’

‘Anand Shah is our go-to partner. He is outstanding in terms of both competence and responsiveness and also moving strategically. He is quick when early action is called for and mature when thought needs to be applied. Both my team and I are very happy with him. He is extremely ethical and focused on governance.’

Key clients

Goldman Sachs

Kotak Mahindra

JP Morgan

Entrust Family Office

Griffin Family Office

DBS

Merrill Lynch

Edelweiss Wealth Management

Centrum Wealth Management Limited

India > Private equity and investment funds Tier 1

AZB & Partners‘ expansive bench of transactional lawyers advises market-leading global names on high-value fund formations through to strategic exits, taking into account high-stakes regulatory and tax consideration. Ashwath Rau and Anand Shah act for fund managers targeting the pharmaceuticals, real estate and infrastructure sectors. At the deployment stage, Zia Mody, Ajay Bahl, Gautam Saha and Darshika Kothari execute deals across all major sectors, for both funds clients and target companies. The team advises financial institutions ranging from banks to sovereign funds on their investments in Asia-focused funds, including co-investments and secondary buyouts. Nandish Vyas  joined from Veritas Legal in February 2022.

Other key lawyers:

Testimonials

‘Practical and commercially oriented advice. Always have an up to date understanding of a complex and ever changing local regulatory environment. Very good understanding of requirements of foreign institutional investors.’

‘Gautam Saha is very strong across the board. Particularly value the depth of his experience and sound judgment.’

‘Great team with capabilities in all practice areas, and they work seamlessly across all practice areas.’

‘Great depth of knowledge, and practical with their approach in a deal.’

‘Gautam Saha – has built a great team, and again an all round lawyer and great at negotiating complicated positions.’

‘Service orientation and ability to take on stretch assignments.’

Key clients

New Mountain Capital, LLC

Glance InMobi Pte. Ltd.

HighSage Ventures LLC

TVS Industrial & Logistics Parks Private Limited

API Holdings Private Limited

Work highlights

  • Advised the Carlyle Group on its incremental investment in PNB Housing Finance’s INR 4,000 crore preferential issue.
  • Advised Brookfield on its acquisition of a majority stake in Indostar Capital Finance Limited, a listed top–50 non–banking financial company in India.
  • Advised Tiger Global on its minority investment in Think & Learn Private Limited, which owns and operates Byju’s, India’s largest edtech platform.

India > Real estate and construction Tier 1

AZB & Partners handles the entire reach of corporate real estate work, covering M&A, leasing and licensing arrangements and joint development agreements covering all asset types. Joint heads Nohid Nooreyezdan and Hardeep Sachdeva deploy their private equity expertise onto joint ventures between international sovereign funds and Indian developers, which they advise on a mix of entry strategy, investment structuring and exits. Instructing clients include real estate developers, institutional lenders, investors and borrowers. Bharathan acted for RMZ Group on its groundbreaking $2bn portfolio sale to Brookfield Asset Management. The group routinely advises on the regulatory aspects of FDI transactions.

Key clients

Reco Rock, an affiliate of GIC Singapore

DLF Cyber City Developers, a JV between DLF and GIC Singapore

KSH Infra Industrial Park

Ascendas Property Fund Trustee

Millennia Realtors Private Limited (“RMZ”)

Lipalton (a company within the Keppel Land group)

Xander Group

CapitaLand

Lake Shore India Retail Venture Fund

Resolution Professional of Jet Airways (India) Limited

Mr. Sunil Vachani and Mrs. Gayatri Vachani

Xander Investments

Varde Partners Inc.

Virtuous Retail

DLF

Model Economic Township Limited (Reliance Industries Real Estate company)

Adani Realty

Wave Group

Bharti Realty

Emaar India

Experion / AT Capital

M3M India

Ashiana Housing Limited

ILC Group

ASF Group

Max Estate

Eldeco Infrastructure

Vama Sundari Investment (Delhi) Private Limited

Work highlights

  • Advised the RMZ Group on its sale of portfolio of commercial real estate assets to funds managed by Brookfield Asset Management.
  • Acted for DLF Cyber City Developers Limited on the acquisition of a 51.80% stake in Fairleaf Real Estate Private Limited, a special purpose vehicle that owns One Horizon Centre, one of India’s premium office spaces, from two private equity funds managed by Hines.
  • Advised Varde Partners on its investment of 1,135 crores into Hyderabad-based Phoenix Group’s projects in the Information technology special economic zone (IT-SEZ) at Gachibowli, Hyderabad, Telangana.

India > Restructuring and insolvency Tier 1

One of the foremost names in Indian restructuring and insolvency law, AZB & Partners‘s bench enjoys an esteemed reputation for handling large-scale proceedings for international stakeholders, from creditors and funds to distressed companies. Helmed by Bahram Vakil, the practice is actively engaged on various market firsts. Notably, Vakil, Nilang Desai and Suharsh Sinha currently represent RBI as administrator on Dewan Housing Finance Corporation’s multibillion-dollar restructuring; a market first in the financial services sector under the IBC. The group also advises on high-profile resolution and restructuring plans in the aviation sector and out-of-court resolutions for distressed NBFCs, with assistance provided by associates Saloni Thakkar and Komal Khare.

Practice head(s):

Key clients

RBI

Rural Electrification Corporation

Varde Partners

Oaktree Capital

Alvarez & Marsal

Duff & Phelps

EY

Davidson Kempner

Cerberus Capital

Centerbridge

State Bank of India

Goldman Sachs

Carval Investors

Axis Bank

KKR

Sculptor Capital

Tata Capital

Work highlights

  • Advised Reserve Bank of India and the administrator of DHFL in relation to India’s first ever insolvency resolution process for a systemically important financial institution.
  • Assisting the resolution professional of Jet Airways and his transaction advisor, Grant Thornton with India’s first and largest CIRP for an airline company.
  • Assisting the resolution professional of Jhabua Power Limited and his transaction advisor, Alvarez & Marsal with the ongoing corporate insolvency resolution process of Jhabua Power Limited.

India > Tax Tier 1

AZB & Partners is ‘well versed in the practical aspects of tax law and has an understanding of business’, particularly in relation to high-value corporate transactions and planning. Co-founding partner Ajay Bahl leads the practice alongside ‘true professionalDeepak Chopra, whose ‘experience and performance in tax litigation is remarkable’. Both had recent success representing Google India and Google Ireland before the High Court of Karnataka in challenging adverse ITAT orders which created demands of over $1bn; all appeals were successful and sent back to the tribunal for a second adjudication. Other work ranges from transfer pricing and permanent establishment advice, with a particular focus on avoiding double taxation, to M&A and private equity deal structuring. Harpreet Singh Ajmani is another name to note.

Practice head(s):

Other key lawyers:

Testimonials

‘Well versed in the practical aspects of tax law and has an understanding of business. The approach is professional, setting out clear thoughts and strategy. An experienced team with diversified exposure.’

‘Deepak Chopra’s experience and performance in tax litigation is remarkable. He is a true professional and has a persistent approach towards the result and timelines.’

Key clients

Google India

Softbank Group

Vodafone Idea

GlaxoSmithKline Group (GSK)

Honeywell International (HII)

Amazon.com

Stryker India

Americom Asia Pacific

BT Global Communications India

LG Group

Honda Group

SABMiller Group

PepsiCo. India

Pernod Ricard

ZTE Corporation

Giesecke & Devrient

Nokia Networks

Hyosung Corporation

Hindustan Zinc

National Basketball Association

Max Group

Diebold Systems

Shanghai Electric Group

Bombardier Transportations

Twenty–First Century Fox, Inc. and News Corporation

M/s. Symphony Marketing Solutions India

Eastman Chemicals

M/s. Mitutoyo South Asia

Bharti Airtel

Jubilant Group

Asahi India

McKinsey Knowledge Centre India

GE India

Bharat Aluminium Company

Beam Global Spirits & Wine (India)

Indus Towers

Fun Fashion India Private

Oil & Natural Gas Corporation

Amorepacific Corporation

Infonox Software Private

TSYS Card Tech Services

AB Sciex

Singapore Telecommunications

Reckitt Benckiser India

ANI Technologies (OLA)

Sugam Vanijya Holdings

Stefanini India

Corteva AgriScience Group

Turner Group

Qatar Investment Authority

Expeditors Group

Ivanhoe Cambridge Investment Advisory (India)

FIS Payment Solutions and Services India

Bunge Group

Export Development Canada

Bank of Singapore

Vantage Drilling International

Sumi Motherson Innovative Engineering

Concentrix Group

Perfetti Group (Includes Perfetti Van Melle India and Perfetti Van Melle, Netherlands)

Cipla Limited

Work highlights

  • Acted for Reckitt Benckiser India in litigation concerning advertising, marketing and promotional (AMP) expenses; the ITAT gave a categorical finding that AMP expenses do not constitute an ‘international transaction’.
  • Advised Giesecke & Devrient India in a first- of-its-kind judgment wherein the Income Tax Appellate Tribunal held that Dividend Distribution Tax paid by a resident company to its non–resident shareholders would be subject to tax rates, as envisaged under the Double Taxation Avoidance Agreement as opposed to under domestic law.
  • Represented Concentrix Services Netherlands in a landmark ruling where the Delhi High Court extended the benefit of 5% tax rate provided in India-Slovenia Tax Treaty to dividend paid by an Indian company to its holding company resident in Netherlands by invoking the Most Favoured Nation Clause enshrined in the India-Netherlands Tax Treaty.

India > White-collar crime Tier 1

AZB & Partners is a go-to firm for well-known clients from the private equity, financial services, asset management, legal, accounting, consultancy, and manufacturing industries. The team handles complex white-collar crime cases at all stages of progression. Soumit Nikhra, who co-leads the team, is highly sought after for his breadth of experience in cross-border fact-finding investigations on matters related to fraud, bribery, and corruption. The team works closely with the firm’s competition and anti-trust group on complex abuse of dominance and cartel investigations. Co-head Aditya Vikram Bhat is highly regarded for his advice on large-scale internal investigations in complex white-collar prosecution matters with recent success in representing BSR & Associates LLP before the Bombay High Court regarding a sanction order passed by the Ministry of Corporate Affairs.

Practice head(s):

Zia Mody; Nohid Nooreyezdan; Aditya Vikram Bhat; Vijayendra Pratap Singh; Soumit Nikhra

Testimonials

‘We hired the firm for the first time to meet an internal demand related to this practice. It is a team of highly skilled people with a strategic vision to align legal and business matters. The costs and billing procedures are aligned with the local benchmarking. ’

‘Prerak Ved and Soumit Nikhra were our main focal points along the works, delivering us consistent communication and proactive behavior, resulting in a favourable outcome. ’

Key clients

BSR & Associates LLP / KPMG India Pvt. Ltd.

PWC India Private Limited

Coastal Energen Private Limited

KPMG Assurance and Consulting Services LLP

Work highlights

  • Represented BSR & Associates LLP before the Bombay court concerning allegations of fraud and the subsequent sanction order passed by the Ministry of Corporate Affairs.
  • Advised Coastal Energen Private Limited before the Adjudicating Authority in the investigation of money laundering initiated by the Enforcement Directorate.
  • Represented KPMG Assurance and Consulting Services LLP against its partner Mr. Anuj before the Supreme Court and District court Noida, resulting in Mr. Anuj’s arrest.

India > Aviation (including aerospace and defence) Tier 2

AZB & Partners’ aviation practice has particular strength in transactional mandates spanning aircraft financing, leasing, and restructurings. Managed by Anand Shah from the Mumbai office, the group also handles contractual matters for manufacturers and regulatory work. On the contentious side, the team regularly handles large insolvency proceedings for major domestic airlines, backed by the firm’s litigation department, which is headed by Rajendra Barot.

Practice head(s):

Other key lawyers:

Key clients

GE Capital Aviation Service

TATA SIA Airlines Limited (known as Vistara)

Hong Kong and Shanghai Banking Corporation

DBS Bank

InterGlobe Aviation Limited (known as Indigo)

SDH Wings International Leasing Limited

Sculptor Capital Investments, LLC

Deutsche Bank AG

Avions De Transport Regional, G.I.E

Zurich Airport International AG

Work highlights

  • Acted as Indian law transaction counsel to Vistara and DBS Bank on the financing and leasing of three B787-9 Dreamliners for $575m.
  • Acted as sole lead counsel to the Resolution Professional of Jet Airways (India) Limited on the purchase of six Boeing 777 aircraft from US EXIM.
  • Acted as Indian counsel to SDH Wings on the sale and leaseback transaction for one A320neo aircraft, which was leased to Indigo.

India > Insurance Tier 2

AZB & Partners is frequently engaged by life, non-life and health insurance companies to handle major joint ventures under FDI guidelines. Co-heads Rajendra Barot and Ashwath Rau and noted corporate partners Anil Kasturi and Arvind Ramesh act for clients from around the globe, with recent mandates sourced from the EU, UK, Canada, US and Australia. The team capably advises on M&A, entry strategies, IPOs, distribution agreements and all other corporate activity pursuant to the insurance sector.

Practice head(s):

Other key lawyers:

Key clients

Munich Re

Housing Development Finance Corporation

Ageas Insurance International NV

ICICI Lombard General Insurance Company Limited

Max Life Insurance Company Limited

Colonial Life Insurance Company [Trinidad] Limited (CLICO)

ICICI Venture Funds Management Company Limited

ERGO International AG

Work highlights

  • Advised HDFC and Munich Re in connection with HDFC’s acquisition of 51.2% of Apollo Munich Health Insurance Company from entities forming part of the Apollo Hospitals Group.
  • Advised ICICI Lombard General Insurance Company Limited on its acquisition of the entire general insurance business of Bharti AXA General Insurance Company Limited, via a scheme of demerger, which entailed extensive regulatory approvals and approval by the jurisdictional National Company Law Tribunal.
  • Advised Max Life and MFSL on the proposed investment by Axis Bank, Axis Securities and Axis Capital in a 12% equity shareholding in Max Life, with the right to acquire an additional 7% subsequently.

Intellectual property Tier 2

AZB & Partners is cited for its ‘modern‘ approach and for being ‘creative and coming up with business-oriented solutions‘. It combines expertise in the protection and exploitation of IP assets, especially trade marks, with expertise in comparative advertising, data protection and parallel imports. As a full service firm, it also advises on licensing, co-branding, franchising and technology transfer agreements in the context of transactions such as acquisitions or mergers. On the contentious side, its expertise extends to obtaining injunctions and Anton Pillar orders and cases up to the Supreme Court. Akhilesh Kumar Rai (Delhi) and Nandan Pendsey (Mumbai) co-head the practice and offer experience in diverse sectors including pharmaceuticals, consumer goods and financial services.

Testimonials

We have used the firm for about 4 years for our trademark work (both prosecution and enforcement). The firm is very knowledgeable, but at the same time pragmatic, highly responsive, clear and concise communication style (rather than lengthy boilerplate language that we were used to before). They are creative and come up with business-oriented solutions. The fact that they are a general law firm is an advantage when we run into regulatory issues in India. They are able to translate the Indian legal peculiarities (for example in opposition proceedings) so they make sense to a foreigner. The move to this firm from a rather traditional Indian trademark prosecution firm was a massive improvement.’

‘Akhilesh Kumar Rai is the leading IP partner of the firm. Extremely knowledgeable, very easy to work with.

AZB provide us with expert trade mark counsel and prosecution services in India. They are true specialists with a wealth of experience to call on and we would not hesitate to recommend them to other counsel. They have a pragmatic and commercial approach to matters and provide a very high standard of service.’

This team is the most responsive team I’ve worked with. They not only respond in a timely manner, but always provide more information that requested which is so greatly appreciated.’

‘The team is responsive and knowledgeable. ’

‘Akhilesh Kumar Rai – commercially sound and provides practical advice.’

‘A modern commercial IP firm operating in India. Client focused; practical approach; strong team that work well together. ’

‘Akhilesh Kumar Rai has a strong team around him. Modern approach – if he is not around someone else steps up. Consistently high performance across whole team.’

Key clients

Bayer AG

Skechers U.S.A.

Glanbia PLC

Sachin Tendulkar / SRT Sports Management

Richemont Group

Philip Morris Products S.A.

Amazon.com, Inc.

PI Industries

Shopify Inc.

Dell Inc.

Work highlights

  • Advised the Carlyle Group extensively on a US$490m investment in the Piramal Group.
  • Acting for Wrangler Apparel Corp, during the nationwide lockdown during the Covid-19 pandemic in 2020, obtaining a permanent injunction from the District Court in Delhi.
  • Advised Schneider Electric on its acquisition of the electrical and automation business of Larsen & Toubro Ltd for US$1.9bn.

India > Labour and employment Tier 2

Clients identify AZB & Partners‘ employment law team as ‘responsible, thoughtful and helpful‘, having also been ‘extremely resourceful and flexible‘ during the challenges of the Covid-19 pandemic. The four practice heads Sunila Awasthi, Nohid NooreyezdanRachit Bahl and Veena Gopalakrishnan each bring their own areas of specialism to the team: Awasthi handles misconduct investigations and employee transfers; Nooreyezdan has regulatory expertise in POSH matters and workforce reductions; and Bahl and Gopalakrishnan advise on retrenchments, HR documentation and collective bargaining-related mandates. The firm’s sectors of focus include banking, insurance, manufacturing and technology.

Testimonials

‘Excellent responsiveness. Uncomplicated onboarding. Pragmatic yet flawless and professional handling of client needs. Fair tariffs. Set timelines have almost always been met.’

‘Veena Gopalakrishnan was excellent in her guidance on the matters we approached her for.’

‘The AZB team are incredibly responsible, thoughtful, and helpful. They always approach any question or challenge as collaborative partners. They have been extremely resourceful and flexible in navigating a number of challenges posed by Covid over the past year.’

‘We found AZB to be much more thorough and creative than some of their competitors we had previously worked with. They really took their time to understand our circumstances and to offer solutions that were most appropriate to our organisation, not just a standard set of responses. Rachit Bahl and Sunila Awasthi have been exceptionally professional and helpful.’

Key clients

ABB India

Actis

Avery Dennison India

Axis Bank

Bank of America

Baxalta Singapore

Bristol-Myers Squibb

Bytedance

Ceragon Networks

Citibank N.A.

Columbia University

Comverse Network Systems

Daimler Financial Services India

NRB Bearings

Piaggio Vehicles

Quess Corp

QikWork Services

Richemont India

Sandoz India

SAP AG

Schrodinger Inc

Skechers

Star India

Xiaomi

Work highlights

  • Advising one of the world’s largest property and casualty insurance companies, headquartered in the US, on critical employment law matters including implementing a strategic senior managerial exit, reacting and responding to a pandemic-linked employee casualty, and setting up financial and medical assistance programmes in light of Covid-19, including vaccination drives for employees.
  • Advised a large and leading multinational bank on various labour law issues, including with respect to termination provisions covering termination for cause, composition of internal committees for redressal of sexual harassment complaints, and the impact of newly introduced labour codes on the banking industry.
  • Advising one of the world’s largest e-commerce companies on the restructuring of their employment practices, policies and documents in view of the impending changes to the Indian labour codes as well as restructuring their workforce engagement models for contingent workforce, gig-workers and platform workers.

India > Projects and energy Tier 2

AZB & Partners has a diverse practice operating in all avenues of projects, infrastructure and energy, advising on the whole lifecycle of conventional, renewable and nuclear power, natural resources, telecoms and transport projects. Bahram Vakil, Gautam Saha and the recently joined Anuja Tiwari (from DSK Legal) are instructed by investors and developers for strategic guidance. Solar power expert Pallavi Meena and Ambarish Mohanty who is advising the Asian Development Bank on the proposed financing of a pan-India railway track modernisation project, lead on project financing transactions.

Testimonials

‘Excellent responsiveness to complex queries about structuring transactions under Indian law. They will hold your hand through the difficult parts of the deal.’

‘Excellent. Highly recommended!’

‘High level of expertise, experience, organisational skills, flexibility.’

‘The lawyers have in-depth knowledge and are good at collaborations and discussions with the team.’

‘Pallavi Meena was exceptionally knowledgeable across all aspects of the transaction that involved multiple international lenders. Pallavi was also very responsive to lender queries (including well outside of Indian work hours) – something we valued in order to move the transaction along from half a world away.’

‘The team from AZB demonstrated strong experience/knowledge in the structuring of project finance transactions and their local market experience was key to a successful transaction.’

Key clients

Bharat PetroResources Limited

Cube Highways and Infrastructure III PTE. Ltd.

TOTAL SE

BAIN CAPITAL

Bharat Broadband Network Limited

AMP Capital

First Solar

Zurich Airport International AG

Norfund

TATA Sons Private Limited

Brookfield Asset Management Inc.

DEG – Deutsche Investitions – und Entwicklungsgesellschaft mbh

FMO – Nederlandse Financierings- Maatschappij voor Ontwikkelingslanden N.V.

Asian Development Bank

Société De Promotion et de Participation Pour La Coopération Economique

U.S. International Development Finance Corporation

Export Development Canada

Work highlights

  • Advised Total on the acquisition of 50% equity stake and certain non-convertible debentures in a joint venture company for an investment amount of $510m, to which Adani Green Energy Limited transferred its 11 100%-owned subsidiaries pursuant to the transaction.
  • Advised BIF IV Jarvis India, an affiliate of Brookfield Asset Management, in its investment in the units to be issued by Tower Infrastructure Trust.
  • Advised ORIX on its acquisition of 20% stake by way of a primary and secondary investment in Greenko Energy Holdings.

India > TMT Tier 2

The sizeable team at AZB & Partners boasts extensive transactional capabilities across the TMT sector, working with a mix of Indian corporates and blue-chip conglomerates. Gautam Saha regularly advises leading multinationals, financial institutions, and private equity funds on acquisitions, sales, and investments, while Rachit Bahl is a key contact for foreign companies seeking assistance regarding Indian market strategy and operations. Bangalore-based Srinath Dasari handles both transactions and regulatory mandates, particularly in the areas of payment processing, data privacy, and telecoms law. Sachin Mehta and Mumbai-based Darshika Kothari are both noted for their cross-border experience. All named lawyers are based in Delhi unless stated otherwise.

Practice head(s):

Testimonials

‘Gautam’s team is one of the best in the telecoms and data sector and we use them extensively.’

‘Gautam Saha has in-depth knowledge of the sector, both from a regulatory and practical viewpoint.’

 

Key clients

JP Morgan Chase & Co.

New Mountain Capital L.L.C. (“NMC”)

Reliance Industries and Jio Platforms Ltd

Tata Consultancy Services

JP Morgan Chase & Co.

Wipro Limited

Bharti Airtel Limited and Bharti Infratel Limited

Brookfield Asset Management Inc.

Accenture

AT&T Inc.

Honeywell International Inc.

Panasonic India Private Limited

Bharti Telemedia Limited

Sportzsquare Ventures Private Limited

International Finance Corporation

Makers Fund II Company Limited

Courtside Ventures II, L.P. and CSV Winzo LLC

Class 21A Technologies Private Limited

JAFCO Asia Technology Fund VII Pte. Ltd.

CISCO Systems

Intel Corporation & Intel Capital

Lightstorm Capital

Omnicom Group

Work highlights

  • Advised JP Morgan on the Indian leg of the acquisition of the global loyalty division of cxLoyalty Group Holdings, Inc., including on  structuring aspects and Indian regulatory implications.
  • Advised TPG in connection with its minority investment in Dream Sports Inc., the group that owns and operates the Dream11 online fantasy sports platform in India
  • Advised BIF IV Jarvis India Pte. Ltd. (“Brookfield”), which is an affiliate of Brookfield Asset Management Inc. in its investment in the units to be issued by Tower Infrastructure Trust (“Trust”).

India > Data protection Tier 3

Although there is not a specific, dedicated data protection team at AZB & Partners, it is home to a number of lawyers who are highly experienced in the area of data protection and TMT more broadly. Rachit Bahl in Delhi advises a range of corporates on fintech and telecoms matters including regulatory regimes and online pharmacy and healthcare businesses. Based in Mumbai, Nandan Pendsey‘s expertise is a blend of data protection, IP and IT. Anind Thomas in Bangalore assists multinationals and Indian companies and financial institutions on data privacy and information security policies in India, cross-border transfers of personal data and potential data breaches in the context of corporate investigations or mergers and acquisitions. The practice includes partner Rohan Bagai (in Delhi) who has extensive experience in the fintech space including cryptocurrencies and blockchain, and senior associate Gautam Rego (Bangalore) whose team is praised as ‘one of the best in the telecom data sector‘.
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The firm: AZB & Partners is one of the most prominent law firms in India. Its aim is to provide clear, concise and practical advice based on an in-depth knowledge of the legal, regulatory and commercial environment within which its clients operate. The firm’s services are tailored to the needs of individual clients, drawing on the collective knowledge of the firm and its members. It aims to add value at all stages of a project, from its initiation, through its planning right up to its execution.

The firm was named ‘Best Indian Law Firm 2017’ at the International Legal Alliance Summit Awards, ‘Client Service Law Firm of the Year, 2017’ by Chambers Asia-Pacific, and ‘Law Firm of the Year, 2017’ by VC Circle. It was also ranked No 1 in M&A league tables compiled by Bloomberg, Thomson Reuters and Mergermarket.

Its clients are central to everything it does. Their needs determine how the firm organises itself and the range of specialised services it provides. The firm aims to work in partnership with clients to anticipate and deal successfully with the legal and regulatory aspects of their business aims and objectives.

Areas of practice: The principal areas in which legal services are provided by the firm are: corporate and M&A, private equity, competition and antitrust, dispute resolution and litigation, capital markets, banking and finance, funds, real estate, insurance, intellectual property, restructuring and insolvency, TMT, energy (transaction and regulatory), employment, tax, IT and business process outsourcing, transport (aviation), alternative investment funds, ethics and compliance and white-collar crime

Contacts: Zia Mody, Ajay Bahl, Bahram N. Vakil, Ashwath Rau, Darshika Kothari, Sai Krishna Bharathan, Nohid Nooreyezdan, Gautam Saha, Anil Kasturi, Srinath Dasari, Vinati Kastia, Samir Gandhi, Rajendra Barot, Vijayendra Pratap Singh

DepartmentNameEmailTelephone
M&A and general corporate
Private equity
Capital markets
Funds practice
Banking and finance
Microfinance
Infrastructure and project finance
Real estate
Media and entertainment
Employment
Insurance
Intellectual property
TMT
Taxation
Aviation
Competition
Litigation and arbitration
Compliance and investigation
PhotoNamePositionProfile
Zia J. Mody photo Zia J. ModyCo–Founder & Managing Partner
Number of lawyers : 400 (approx)
Number of partners : 80 (approx)
English
Gujarati
Hindi

AZB & Partners, one of India’s premier law firms was founded in 2004 with a clear purpose to provide reliable, practical and full–service advice to clients, across all sectors.  The Firm brought together the practices of CZB & Partners in Mumbai and Bangalore and Ajay Bahl & Company in Delhi.  Having grown steadily since its inception, AZB & Partners now has offices across Mumbai, Delhi, Bangalore, and Pune.

We have an accomplished and driven team of 450+ lawyers committed to delivering best–in–class legal solutions to help clients achieve their objectives.

Our greatest strength is an in–depth understanding of legal, regulatory and commercial environments, in India and elsewhere.  This strength enables us to provide bespoke counsel to help our diverse clients negotiate any dynamic or volatile business environment.  At AZB & Partners, collaboration is an everyday reality – we combine individual and mutual strengths to achieve collective growth.

Our Purpose is to be excellent lawyers, working as a team.  To deliver creative solutions to problems, timely execution and seasoned judgment.  To focus relentlessly on the interests of our clients as their business partners.

The Firm’s clients include an array of domestic and international companies.  These range from privately owned to publicly listed companies, including Fortune 500 Entities, Multinational Companies (MNCs), Investment Banks and Private Equity Firms.  The Firm has also built, through its many professional engagements, strong relationships with specialists, regulatory authorities and several international law firms.

AZB & Partners is proud of the quality of professional talent it fosters.  Every lawyer is firmly dedicated to serving clients and delivering effective counsel at all times.  Though our lawyers represent a diverse mix of backgrounds, they each share a proven record of academic and professional excellence.  Several professionals in the Firm are graduates from premier global universities, including Harvard, Columbia, Cambridge, Oxford and the London School of Economics, among others.  Several partners are members of international bar associations, notably New York.

Besides a law degree, some partners hold professional accounting qualifications, ideally placing the Firm to address complex finance and tax matters.  AZB & Partners lays significant emphasis on continual development for its people.  Besides one–on–one mentoring from Partners, we ensure periodic and comprehensive professional training for all our Associates.

The Firm has received wide national and international acclaim within the legal sphere, some of which include “Rank No.1”  by RSG Top 40 India law firm ranking 2019, “Band 1 Firm” for Banking & Finance, Capital Markets, Competition/Antitrust, Corporate/M&A, Dispute Resolution, Life Sciences, Private Equity, Real Estate, Restructuring & Insolvency, Tax and White–Collar Crime & Corporate Investigations by Chambers Asia–Pacific Rankings 2022, “Outstanding Firm” for Banking & Finance, Capital Markets, Competition/Antitrust, Corporate/M&A; Dispute Resolution, Private Equity, Restructuring & Insolvency and Real Estate by Asialaw Profiles 2022, and “Tier 1 Firm” for Banking & Finance, Capital Markets, M&A, Private Equity and Restructuring & Insolvency by IFLR1000 2022.

DepartmentNameEmailTelephone
Compliance & Investigation / White–Collar Crime, Corporate / Mergers & Acquisitions, Dispute Resolution, Private Client Practice, Private Equity & Venture Capital, Regulatory & Securities Zia J. Modyzia.mody@azbpartners.com+91 22 4072 9999
Corporate / Mergers & Acquisitions, Dispute Resolution, Private Client Practice, Private Equity & Venture Capital, Regulatory & Securities, Tax Ajay Bahlajay.bahl@azbpartners.com+91 120 417 9999
Lawyers : 450+
English
Hindi and other Indian languages
IBA
World Law Group
INSOL