S&R Associates > New Delhi, India > Firm Profile

S&R Associates
NEW DELHI 110 020

India > Capital markets Tier 1

S&R Associates‘ ‘sharp, focused, and technically very sound’ team is well regarded for its domestic and international capital markets expertise. Sandip BhagatJuhi Singh and Vinkatesh Vijayaraghava are key contacts in the team, advising on IPOs, QIPs, FCCBs, and REITs. Advising on FUTP regulations is also an area of strength for the group. Jabarati Chandra and Jitesh Shahani focus on debt capital markets transactions, private placements, and convertible bonds. Clients include international issuers, investment banks, and investment funds.

Practice head(s):


‘S & R’s capital markets team is very sharp, focused and technically very sound, helping clients like us to feel secure.’

‘Jabarati Chandra is a pure professional and a class apart from many in the profession thanks to her manner of dealing with clients: she has a helpful nature and yet is firm on her opinion to make sure that the client’s interests are at the forefront.’

‘The firm stands out for its people and their ability to understand the situation and find solutions.’

Work highlights

    India > Corporate and M&A Tier 1

    S&R Associates deployed an impressively large team (consisting at the partner level of Rajat Sethi, Tanya Aggarwal, Radhika Iyer and Shivaji Bhattacharya) on the closing of Indus Towers’ merger with Bharti Infratel. The multibillion-dollar transaction showcased the team’s substantial regulatory expertise in a pan-Indian exercise. Additional highlights on the deal sheet include high-value acquisitions, foreign investments, distressed M&A and joint ventures in sectors ranging from hospitality, healthcare and real estate to aerospace and e-commerce. The group conducts corporate reorganisations entailing demergers, shareholding consolidations and court-sanctioned schemes of arrangement.


    ‘A highly responsive, committed and capable team. Customer-centric in their approach and give clear, succinct advice and guidance. The culture of the organization stands out as one that is diverse, inclusive and considerate.’

    ‘Rajat Sethi and Tanya Aggarwal are a core and trusted part of our M&A deal team and set the tone for the high level of support we receive from the rest of the S&R team. Highly customer focused and able to give clear and straightforward advice in highly complex and demanding situations.’

    India > TMT Tier 2

    S&R Associates advises a number of renowned multinationals, Indian companies, and investment funds on corporate transactions and issues pertaining to data sharing and data privacy. Mumbai-based practice head Rajat Sethi is highly experienced in major TMT sector corporate deals, both for foreign and domestic clients. Sandip Bhagat advises issuers and major international and Indian investment banks on a wide range of capital markets transactions, with recent highlights in the tech venture capital space. New Delhi-based Mohit Gogia is a key figure within the team for data protection concerns.

    Practice head(s):


    ‘The team have assisted us with numerous acquisitions of technology services companies with subsidiaries and operations in India. The team are exceptional in their ability to communicate Indian law issues effectively to attorneys and business leaders at multinationals outside of India. This is a skill I have found difficult to find among attorneys in India, even among some of the best law firms, and makes working with them easy and confidence-inspiring.’

    ‘Venkatesh Vijayaraghavan has been a great partner to work with across a number of acquisitions, and is tireless in his efforts and consistent in providing exceptional service.’

    India > Dispute resolution: litigation Tier 3

    S&R Associates operates from New Delhi and Mumbai and has experience in civil litigation and intellectual property infringement cases. Key names in the New Delhi office include Niti Dixit, who handles internal investigations, anti-corruption cases, and regulatory proceedings, and Abhishek Tewari, who deals with insolvency cases. Newly promoted partner Shahezad Kazi, who handles securities litigation, is a notable contact in Mumbai. The group has appeared before courts of all levels, including the Supreme Court.

    Practice head(s):


    ‘Niti Dixit, Abhishek Tiwari and Raunaq Mathur have the ability to understand and appreciate the litigation expectations of multinational corporations and effectively contextualise the Indian court process for a non-Indian audience.’

    India > Labour and employment Tier 4

    As part of the firm’s wider corporate practice, S&R Associates‘ employment offering has contentious and non-contentious facets. It regularly represents clients in labour disputes concerning employer-side rights, often in the context of the Covid-19 pandemic, as well as in separate high-level management terminations. Elsewhere, advisory work includes the drafting and reviewing of HR policies, along with compliance-related matters for the conditions of employee service.

    India > Private equity and investment funds Tier 4

    Investor-side clients of S&R Associates recently engaged the team on a series of investment rounds into software, financial services and education targets. The team advises on high-value inbound investments, including for sizeable infrastructure clients. Sandip Bhagat, Sanjeev Adlakha and Viral Mehta are the main contacts.


    ‘Experience, clarity of thought, technical knowledge, timely turnaround, thorough even under pressure. Solution oriented rather than only getting into technicalities.’

    S&R Associates welcomes new Partner and Associates

    We are pleased to announce that William Vivian John has joined S&R Associates as a partner based in the Firm’s Mumbai office, and is joined by associates Siddhi Kudalkar, Riyan Vatcha, Arunima Vijay, Chirali Jain and Shubhangi Rai.

    S&R Associates Announces New Partners and Counsel

    We are pleased to announce that Swapneil Akut, Raya Hazarika and Pratichi Mishra have been designated as retained partners at S&R Associates.