Firm Profile > Shardul Amarchand Mangaldas & Co > New Delhi, India

Shardul Amarchand Mangaldas & Co
NEW DELHI 110 020

Antitrust and competition Tier 1

Owing to Shardul Amarchand Mangaldas & Co being involved with the Indian leg of some of the most significant recent global deals (for the likes of Walmart and Monsanto), the firm’s competition lawyers handled some of the most complex and strategically important Phase I and Phase II merger filings before the CCI. Go-to names in this field include Shweta Shroff Chopra and Aparna Mehra. Alongside stand-out merger control work, professionals such as Harman Singh Sandhu and Naval Chopra regularly handle high-profile litigation involving abuse of dominance, anti-competitiveness and cartelisation (and the related leniency applications). Managing partner Pallavi Shroff regularly contributes to the development of national competition policy.

Practice head(s):

John Handoll; Pallavi Shroff

Key clients


Abbott Laboratories

Uber Technologies

Monsanto Company

Globecast Asia


DLF Limited

Temasek Holdings


Blackstone Group


Bandhan Bank



Coal India Limited

National Stock Exchange

Indo National

Brookfield Asset Management

Larsen & Toubro

Banking and finance Tier 1

Shardul Amarchand Mangaldas & Co 's vast banking and finance practice specialises in acquisition financing, leveraged finance, debt restructuring and insolvency proceedings under the IBC and demonstrates a strong commitment to all types of real estate financing. Practice head Sapan Gupta, whose expertise includes public and private issuances of bonds and FCCB transactions, frequently acts for the State Bank of India, a key client of the firm, with recent mandates ranging from advising them on availing a major USD bond issuance to representing them as lender's counsel in one of the first resolution proceedings pursuant to the RBI Circular on Stressed Assets issued on February 12, 2018. With over 38 years' experience, Shardul Shroff has broad expertise in this field which includes advising clients facing insolvency and restructuring. He is also very involved  in policy developments: recently, he was appointed to the committee responsible for reviewing the Insolvency and Bankruptcy Code prior to its enactment. The Mumbai office was boosted by the arrival of Zubin Mehta from Veritas Legal.

Practice head(s):

Shardul Shroff; Sapan Gupta


‘I work mostly with the Fintech practice. I have found the team very knowledgeable and responsive.’

‘Shilpa Mankar has very good industry knowledge.’

Key clients

State Bank of India

ICICI Bank Limited

Piramal Group

Punjab National Bank

Transunion CIBIL Limited

Axis Bank Limited, Axis Capital Limited, Axis Finance Limited

Deutsche Bank

Bank of America Merrill Lynch and group

Edelweiss Financial Services Limited and group

HDFC Bank Limited

Altico Capital India Private Limited

IDFC Bank Limited

Union Bank of India

KKR India Asset Finance Private Limited


Yes Bank

Avenue Asia Capital Management LP

Life Insurance Corporation of India

Capital markets Tier 1

With a sustained focus on debt and equity offerings and a prestigious client range including investment banks and private equity funds, Shardul Amarchand Mangaldas & Co handles IPOs on behalf of issuers and lead managers, advises InvITs in India on private placements and acts for clients in QIPs and buy-backs.  Prashant Gupta stands out for his instruction in high-value transactions, including the largest Indian IPO (Coal India) and the largest bond offering by an Indian group (Vedanta Resources), in which he is regularly assisted by Manjari Tyagi. Recently Gupta advised Chalet Hotels and the company’s selling shareholders in its IPO valued at approximately $232.8m, representing one of the largest IPOs in the hospitality sector.

Practice head(s):

Nishant Venkat; Mansi Chhabra

Other key lawyers:


‘Prashant Gupta & Sayantan Dutta display commerciality and an in-depth understanding of the sector.’

Key clients

Chalet Hotels Limited

Aavas Financiers Limited

Credit Suisse Securities (USA) LLC, Barclays Capital Inc., HSBC Securities (USA) Inc., SG Americas Securities, LLC, JMP Securities LLC, Roth Capital Partners, LLC and Janney Montgomery Scott LLC (as underwriters for the follow-on public offering by Azure Power Global Limited)

TCNS Clothing Limited

Kotak Mahindra Capital Limited, Citigroup Global Markets India Private Limited, Credit Suisse Securities (India) Private Limited and IIFL Holdings Limited (as lead managers to the initial public offering by Varroc Engineering Limited)

Kotak Mahindra Capital Company Limited, J P Morgan India Private Limited and Morgan Stanley India Company Private Limited (as lead managers to the qualified institutions placement by DLF Limited)

Axis Capital Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited, HSBC Securities and Capital Markets (India) Private Limited and ICICI Securities Limited (as lead managers for a rights issue by Bharti Airtel Limited)

State Bank of India

Brookfield (through Rapid Holdings 2 Pte. Limited) (in relation to India Infrastructure Trust InvIT)

J.P. Morgan India Private Limited, JPMorgan Chase Bank N.A., Mumbai Branch, Kotak Mahindra Bank Limited and Morgan Stanley India Company Private Limited (as joint structuring advisors in relation to Embassy Office Parks REIT)

Corporate and M&A Tier 1

Known for handling leading high value and even novel transactions in the corporate and m&a field, Shardul Amarchand Mangaldas & Co's 'very professional and dedicated' practice is particularly notable for its strength in multi-billion dollar mergers and acquisitions, major private equity investments and turnarounds, and its deep connections with marquee funds investing in India. Gunjan Shah stands out for her instruction by the consortium AION Investments and JSW Steel, who were appointed as resolution applications by the NCLT, to obtain the necessary approvals from the Competition Commission of India and make representations to the NCLT in order to acquire control of distressed company Monnet Ispat Energy, in the first cross-border private equity acquisition of a distressed company embroiled in the corporate insolvency resolution process in India. The team has made several new partner hires in 2018/19, including Harsh Kumar and Nivedita Tiwari from Cyril Amarchand Mangaldas, and Mumbai-based Jamshed Bhumgara from J Sagar Associates. Varun Sehgal has joined Cyril Amarchand Mangaldas.

Practice head(s):

Shardul Shroff


“Shardul Amarchand Mangaldas are very well positioned in the market, have a strong network and offer a very reliable and efficient service.”


We have used the M&A team. They provide responsive, commercially sensible advice.’


The firm are very responsive but clearly manage expectations with regards to the time required to undertake their work.’


‘Excellent firm for M&A. Terrific service standards in Mumbai.’

Key clients



Larson & Toubro

JSW Steel Limited

ZF Friedrichshafen AG

Goldman Sachs & Co. LLC


TPG Partners

Chrys Capital

The Ontario Municipal Employees Retirement System

Kohlberg Kravis Roberts & Co

Canada Pension Plan Investment Board

Apollo Global Management

Life  Insurance Corporation of India

Dispute resolution Tier 1

Shardul Amarchand Mangaldas & Co's litigation practice handles cases in all courts across India in a wide variety of sectors, including energy, banking, oil and gas, and infrastructure. The group has been particularly active recently in disputes relating to the enforcement of arbitration awards in the construction and other sectors; matters before the NCLT relating to internal company disputes and insolvency proceedings under the IBC; and major mandates involving complex areas of law, including fraud, competition law, unfair trade practices and intermediary liability, where the team acts for petitioners and respondents. Highly experienced practice head Pallavi Shroff is particularly well-known for his strength representing major corporations in competition law disputes, such acting for Nestle in its defence of a class action alleging unfair trade practices. Ritu Bhalla, whose expertise lies in commercial and regulatory litigation, stands out for her recent advice to Navayuga Engineering Company in proceedings challenging the NCLT’s decision to disqualify the client from acting as the resolution applicant of Athena Demwe Power, raising novel questions of law in relation to the procedure for blacklisting a resolution applicant. Nitesh Jain is another standout practitioner, with a track record of representing clients throughout India's courts and in the National Company Law Tribunal in class actions, shareholder disputes and various other complex cases.

Practice head(s):

Pallavi Shroff

Other key lawyers:

Key clients

Navayuga Engineering Company


Nestle India

Reebok International

Thiess Minecs India

National Buildings Construction Corporation

Indian Paint Association

Tata Communications

Facebook, Inc. and WhatsApp

Tata Sons Private Limited

Mr. Ratan N. Tata

Mr. Amit Chandra

Construcciones y Auxiliar de Ferrocarriles

SRS Investments Bengal Tiger

ATC Telecom Infrastructure

Matrix Partners India Investment Holdings

Matrix Partners India Investments

Resurgence PE Investments

Channel Vas Services India Private Limited

Insurance Tier 1

Shardul Amarchand Mangaldas & Co acts for insurance companies (life and non-life) and private equity investors on their joint venture operations in the Indian market, including significant market-entry mandates for multinational names. Leading partner Shailaja Lall, with solid support from principle associate Ashish Teni, is often approached by the range of players in the Insurance sector (including brokers, web aggregators and intermediaries) to provide regulatory advice pertaining to the provision of insurance products and cross-border reinsurance agreements. The firm’s corporate partners also conduct extensive due diligence on M&A transactions in the insurance sector.

Practice head(s):

Shailaja Lall

Other key lawyers:

Ashishi Teni


Shardul Amarchand Mangaldas’ strong knowledge of the insurance domain, ability to provide solutions to complex issues and ability to meet crunched deadlines makes it a go-to firm for insurance advice.

Shailaja Lall’s regulatory connections enables her to provide the client with a insights which are otherwise not available in the public domain.

Projects and energy Tier 1

Shardul Amarchand Mangaldas & Co is at the forefront of project finance and PPP projects. The firm's broad service offering covers power purchase and concession agreements, EPC contracts, security arrangements, and other related legal advisory work in the areas of oil and gas, power, airports, roads, ports and railways. The practice particularly excels in LNG sale and purchase agreements, and also advises on debt reconstruction and restructuring. Practice head Jatin Aneja has extensive experience in infrastructure, project finance and investment across a range of sectors including energy (conventional and renewable). Power projects, namely those relating to power transmission, is an area of special interest for V. R. Neelakantan; while Prashant Sirohi focuses on project finance and Deepto Roy regularly advises on dispute resolution and regulatory issues.

Practice head(s):

Jatin Aneja

Other key lawyers:

V.R. Neelakantan; Deepto Roy; Prashant Sirohi


‘The projects team is dedicated, hard working and smart. Deepto is excellent in negotiations and has the ability to effectively put points across and propose solutions which work commercially for both parties.’

‘Deepto is an excellent lawyer and is commercially and solution oriented.’

‘Dnyanraj Desai is smart, hardworking and always available to address last minute issues. His ability to perform under pressure is admirable.’

Key clients

National Infrastructure and Investment Fund

Canada’s largest pension investment managers

Invenire Energy Private Limited

Abu Dhabi National Oil Company

Bharat PetroResources Limited

Brookfield Asset Management

State Bank of India

Indusind Bank Limited

The Indian Hotels Company Limited

Real estate and construction Tier 1

Shardul Amarchand Mangaldas & Co covers the full spectrum of real estate matters, including commercial leasing, asset sales, acquisitions, private equity investments and real estate finance. Offering a pan-India service, the firm is also well equipped to act as local counsel on issues pertaining to land and property. Litigation is another core area of work for the department, which is experienced in settling claims arising from contract, construction and title disputes, as well as loan services and foreclosure issues. Managing partner Akshay Chudasama and Mrinal Kumar, whose areas of expertise include land acquisition and foreign direct investment, lead the practice, which also advises on the establishment of real estate funds managed by both domestic and international institutions.

Practice head(s):

Mrinal Kumar; Akshay Chudasama

Other key lawyers:

Ashoo Gupta; Aarthi Lakshminarayanan; Shrutikirti Kumar


‘The team is well versed and updated on all the laws relating to the real estate sector.’

‘The turnaround time of the team in response to any query is good.’

Key clients

Ozone Group

Blackstone Group L.P.

Brookfield Strategic Real Estate Partners II Limited

Goldman Sachs & Co. LLC and Good Host Spaces Private Limited

Baazar Retail Limited

Exide Industries Ltd

Restructuring and insolvency Tier 1

Adopting a multi-disciplinary approach, Shardul Amarchand Mangaldas & Co covers the full range of matters, from restructuring under formal and informal procedures to the actual liquidation and winding up of businesses. The practice has strength in advising creditors, distressed corporates and acquirers on the takeover of insolvent companies, and is also regularly instructed to act in recovery litigation and asset reconstruction. Other areas of activity include advising on Indian laws in relation to the cross-border aspects of insolvencies, formal restructurings and out-of-court settlements. Shardul Shroff is a leading authority in bankruptcy and insolvency law and heads up the department. Other names to note include Sapan Gupta and Veena Sivaramakrishnan, who often leads advice to foreign banks and distressed funds on their investments in Indian entities. In a recent highlight, the team represented the committee of creditors of Bhushan Steel in what was the first case under the IBC to be resolved successfully.

Practice head(s):

Shardul Shroff


‘Sapan Gupta has an amazing balance of legal and business understanding.’

‘One of the best firms for restructuring and insolvency matters.’

Key clients

State Bank of India

Bank of America Merrill Lynch

Edelweiss Asset Reconstruction Company

Axis Bank Limited

Union Bank of India



JK Paper Limited

AION Investments

JSW Steel

TMT Tier 1

Shardul Amarchand Mangaldas & Co is frequently instructed on regulatory and transactional projects across the TMT sector; clients include household names in the fields of e-commerce, media, entertainment, telecoms, publishing and radio. The firm’s deep corporate expertise helps to navigate clients through the complex regulatory regimes necessary for global transactions; recent niche instructions involved Phase-III migrations in the radio sector, complex consolidations in the telecoms space and market-entry exercises in the publishing sector. Tejas Karia in the go-to name for contentious TMT issues with recent instructions involving Supreme Court disputes for the likes of Facebook and WhatsApp concerning the provision of online content and services.

Practice head(s):

Pallavi Shroff

Other key lawyers:

Key clients


Saavn India Private Limited


Bundl Technologies Private Limited (Swiggy)

Temasek Holdings


One97 Communications

Think & Learn

Citibank Group of Companies

Facebook Ireland

White-collar crime Tier 1

Nishant Joshi of Shardul Amarchand Mangaldas & Co’s white-collar crime practice is a leading name when it comes to criminal trials concerning banking fraud (having acted on the high-profile case for Punjab National Bank), misappropriation of funds, defamation and bribery. Under the leadership of Anuj Berry, the firm handles all manner of investigations including cross-border actions by federal anti-corruption and anti-money laundering authorities (including the CBI). Malak Bhatt is a noteworthy principle associate who assists with internal investigations resulting from whistleblower complaints. Other recent instructions for the firm involved court proceedings concerning data theft, allegations of fraudulent transactions and breach of trust cases.

Practice head(s):

Pallavi Shroff

Other key lawyers:

Key clients




Air Asia



Tata Sons


United States Department of Justice



Ingram Micro








Dispute resolution: arbitration Tier 2

Shardul Amarchand Mangaldas & Co acts for clients in international and domestic commercial arbitration stemming from disputes over shareholder arrangements, contracts, joint venture agreements, construction matters and foreign investments in real estate. The group has additional expertise in managing investment treaty arbitrations in various different forums, including UNCITRAL and Stockholm Chamber of Commerce arbitrations. Practice head Tejas Karia recently acted for Brahma Centre Development in a high-value claim against a real estate developer, seeking compensation for financial loss caused by a major project delay.

Practice head(s):

Tejas Karia; Pallavi Shroff

Key clients

InterContinental Hotel Group

Brahma Center Development

IRCON International

POSCO Engineering and Construction India

Mott MacDonald

Korea South East Power Company

Investment funds Tier 2

Jay Gandhi heads Shardul Amarchand Mangaldas & Co’ investment funds, regularly handling private equity and venture capital transactions for domestic and international clients, including development fund anchor investors. The firm recently assisted with the establishment of an infrastructure fund.

Practice head(s):

Jay Gandhi

Labour and employment Tier 2

The labour and employment team at Shardul Amarchand Mangaldas & Co works closely with the firm’s tax professionals to assist multinational clients with their employment structures, M&A transactions, and employee benefits. Other advisory instructions sees team head Pooja Ramchandani assisting with regulatory compliance (pertaining to the likes of minimum wage, age of retirement and working age restrictions), internal investigations, retrenchment and employee transfers. Additional to the advisory support, the practice also recently provided defence strategy for allegations of wrongful termination.

Practice head(s):

Pooja Ramchandani


‘Their in-depth understanding of our business and relevant, tailored legal advice. They are our preferred “go-to” firm for these reasons.’

‘Pooja Ramchandani, Kriti Kaushik and their team are extremely receptive and responsive to our needs. They are easily approachable and make themselves available whenever required. Their research and advice is in-depth and contextual.’

Tax Tier 2

Shardul Amarchand Mangaldas & Co’ top-tier corporate offering is supported by a robust tax vertical which provides direct and indirect tax advice on M&A transactions, business restructuring exercises and joint ventures. Recent matters saw the team advising on state-specific excise duty, GST compliance, foreign trade policy and customs duty. The firm often represents clients in investigations by the Directorate of Revenue Intelligence, the Directorate of Income Tax and other agencies.

Practice head(s):

Pallavi Shroff

Key clients


TPG Group

New Vernon Group

Abu Dhabi National Oil Company


GES Holdings

Bata Brands

G.L. Events

Kia Motors Corporation

Intellectual property Tier 3

Dev Robinson heads the IP practice at Shardul Amarchand Mangaldas & Co, with a strong-arm in patent enforcement and litigation for big-ticket Indian and multinational corporates. The firm regularly pursues trade mark infringement, passing off and declaration of IP ownership matters before the upper courts and tribunals. Advisory work encompasses IP portfolio acquisitions, filing, prosecution and patent application drafting.

Practice head(s):

Dev Robinson

Key clients

Seiko Epson Corporation

PECB Group

Mankind Pharma

Sukam Power Systems

The firm: Founded on a century of legal achievements, Shardul Amarchand Mangaldas & Co (SAM & Co) was born anew in May 2015. The Executive Chairman, Mr Shardul S Shroff and the Managing Partner, Ms Pallavi Shroff were instrumental in setting up this new firm and carried forward the legacy that the Firm has inherited.

With a well-calibrated growth strategy, SAM & Co is one of India’s leading full service law firms with seven offices across India and a team strength of over 500 lawyers including over 100 Partners. The Firm’s mission is to enable business by providing solutions as trusted advisors through excellence, responsiveness, innovation and collaboration. SAM & Co is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, capital markets, banking & finance and projects & infrastructure. The Firm has been at the helm of major headline transactions and litigation in all segments of industry, besides advising major multinational corporates on their entry into the Indian market and their business strategy.

Areas of practice: General corporate: Our work in the areas of mergers & acquisitions, JVs, private equity, insurance, real estate, employment and business restructuring is well documented in the annals of Indian corporate history. Our corporate teams are well complemented by our other practices for facilitating deal closures.

Banking & finance: Our offerings range from traditional banking documentation to securitisation, factoring, payment banks, syndicated loans, structured acquisition equipment finance, mortgage backed securities, guarantee structures, NCDs, ECBs, and working capital loans.

Competition law: With a strong and the most recognised competition practice in India, the competition team has a proven track record of successfully steering clients through their largest transactions, complex investigations and high-stakes litigations.

Insolvency & bankruptcy: Our experience covers an entire range of scenarios relating to Bankruptcy and Insolvency, starting from early signs of distress to corporates and restructuring towards revival to processes involving liquidation and winding down of businesses. We provide a comprehensive solution in terms of financial restructuring and recovery, insolvency, corporate reorganization and restructuring, creditors’ rights, and contingent preparedness against any peripheral litigation.

Dispute resolution: We are a go-to firm across industries for domestic and international arbitrations, commercial and corporate and regulatory disputes in various courts, tribunals, forums, administrative authorities & regulators in India, and also have white collar crime, and insolvency and restructuring teams.

Projects & project finance: We advise developers, EPC contractors, investors and lenders on various infrastructure projects, regulatory aspects, government tenders, and contractual issues in sectors such as power, oil & gas, nuclear energy, ports, roads and mining.

Capital markets: Our offerings include legal and regulatory advice on IPOs, FPOs, rights issues, QIPs, ADRs, GDRs, IDRs, and AIM listings on the equity side; issuance and restructuring of FCCBs, nonconvertible bonds, unlisted infrastructure bonds, and medium term note programs (MTN Programs) on the debt side.

Tax: We offer a broad range of advisory and litigation services in the areas of direct as well as indirect taxes (including customs duty, goods and service tax and state excise / alcohol duty).

Intellectual property rights: We offer a full range of services that cover patents, trademarks, copyrights, designs and other allied laws, from conceptualisation to enforcement and from negotiations to creation of innovative corporate structures based on intellectual property

Venture capital: We represent premier domestic and international clients on the investor as well as investee company side for early and growth stage financings. Our VC lawyers have sizeable deal experience (including having worked at prominent VC funds) and bring a deep understanding of the nuances of early stage investing.

Department Name Email Telephone
General corporate Amit Khansaheb
General corporate Akila Agrawal
M&A Shardul Shroff
M&A Gunjan Shah
M&A Amit Kumar
Private Equity Puja Sondhi
Private Equity Natashaa Shroff
Private Equity Ekta Gupta
Dispute Resolution Pallavi Shroff
Dispute Resolution Tejas Karia
Dispute Resolution Ritu Bhalla
Competition Shweta Shroff Chopra
Competition Naval Satarawala Chopra
Competition Harman Singh Sandhu
Insolvency & Bankruptcy Shardul Shroff
Insolvency & Bankruptcy Anoop Rawat
Insolvency & Bankruptcy Misha
Projects and Project Finance Jatin Aneja
Projects and Project Finance V.R. Neelakantan
Tax Amit Singhania
Tax Sandeep Chilana
Capital Markets Prashant Gupta
Capital Markets Sayantan Dutta
Capital Markets Manjari Tyagi
Real Estate Mrinal Kumar
IP Dev Robinson
IP Muzammil Husain
Insurance Shailaja Lall
White Collar Crime Nishant Joshi
White Collar Crime Anuj Berry
Employment Pooja Ramchandani
Policy & Regulation Shahana Chatterji
Policy & Regulation Sandip Beri
Photo Name Position Profile
Mr Anuj Berry  photo Mr Anuj Berry Anuj joined Shardul Amarchand Mangaldas in 2006 and is a Partner with the Firm’s…
 Soummo Biswas photo Soummo Biswas Mr. Soummo Biswas focusses on Banking & Structured Finance and Debt Capital…
Ms Shubhangi Garg  photo Ms Shubhangi Garg Ms Shubhangi Garg is a Partner at the Firm and specialises in banking and finance,…
 Prashant Gupta photo Prashant Gupta Mr. Prashant Gupta is a Partner and National Practice Head for Capital Markets in the…
 Rishab Gupta photo Rishab Gupta Dr Rishab Gupta is a Partner at Shardul Amarchand Mangaldas, and leads…
Mr Mrinal Kumar  photo Mr Mrinal Kumar Mr. Mrinal Kumar is a Partner with the Firm and specialises in…
Ms Shailaja Lall  photo Ms Shailaja Lall Ms. Shailaja Lall is a Partner at Shardul Amarchand Mangaldas and heads…
Ms Gunjan Shah  photo Ms Gunjan Shah Gunjan Shah, has extensive experience in mergers & acquisition, tender offers, private…
 Shardul Shroff photo Shardul Shroff Mr. Shardul S. Shroff is the Executive Chairman at the Firm. He…
Ms Pallavi Shroff  photo Ms Pallavi Shroff Ms. Pallavi S. Shroff is the Managing Partner of Shardul Amarchand Mangaldas…
Ms Smarika Singh  photo Ms Smarika Singh Ms. Smarika Singh is a Partner in the Firm’s Dispute Resolution team. She works…
Mr Harman Singh Sandhu  photo Mr Harman Singh Sandhu Mr. Harman Singh Sandhu is a Partner in the Firm’s Competition Law…
Mr Prashant Sirohi  photo Mr Prashant Sirohi Mr. Prashant Sirohi is a Partner at the Firm and works in the projects team…
Mr Ashish Teni  photo Mr Ashish Teni Mr. Ashish Teni is a Principal Associate in the Firm’s Corporate & Insurance Practice, and…
Ms Manjari Tyagi  photo Ms Manjari Tyagi Ms. Manjari Tyagi is a Partner, specializing in the capital markets practice…
Mr Yaman Verma  photo Mr Yaman Verma Mr. Yaman Verma is a Principal Associate in the Firm’s Competition Law Practice with approximately…