IndusLaw is a modern full-service firm that is rapidly coming up the ranks as a challenger to the established order of top legacy firms. This year, it moves up a notch in the real estate rankings and expanded by opening a new office in Gurugram. In total, the pan-India coverage includes offices in Bangalore, Chennai, Delhi, Hyderabad, Mumbai and the aforementioned Gurugram. The firm takes pride in its growing prominence among sophisticated clients for its private equity and TMT work. It specialises in working with investors across the full funding lifecycle and on a variety of funds including sector-specific ones such as technology, life sciences, e-commerce, retail and infrastructure. The capital markets team remains active, securing some of this year’s largest mandates for both issuers and bookrunners on more than 24 transactions. While maintaining a secure foothold at the forefront of ECM work, it is busy diversifying its suite of experience into newer products such as SPACs and business trusts, block deals and debt capital markets work.
There were several noteworthy inflows and outflows of talent this year. Banking partner Ashutosh Narang joined from Luthra and Luthra Law Offices last October. Corporate specialists Amrit Mehta and Shantanu Jindel joined from Majmudar & Partners and JSA, respectively, while partners Anubha Sital and Divya Varghese departed for in-house roles. On the disputes side, partners Maneesha Kongovi and Sourasubha Ghosh arrived from Argus Partners and Hariani & Co, respectively.
Client feedback
“The team are go-getters, always there to work on challenging assignments, and provide clarity on strategy in litigations. It helps us achieve the desired results” – Banking and finance
“Prompt client service, and accuracy in legal representation and advisory.” – Banking and finance
“Their legal expertise is top-notch and add to that the constant availability of folks to resolve any sudden issues that might arise makes them a perfect partner for any startup.” – Corporate and M&A
“The team is excellent. Litigation is the core area and very efficient. We are satisfied with their performance. Cost-wise, they also are very reasonable.” – Dispute resolution
“Solution-oriented, understands the clients’ needs very quickly, and provides well-thought resolutions.” – Dispute resolution
“Proactive, knowledgeable, good negotiators, and has good command on the subject.” – Investment funds
“We recommend them for their ability to understand business and define the solution from multiple angles; the availability of the team; their turnaround time; the involvement of senior partners in brainstorming and solutioning; and the ease of working with other ecosystem partners.” – Media and entertainment
“They are highly responsive and in touch with the local market. It is very hard to stay on top of the latest trends in legal terms from afar. They have an eye toward ensuring that appropriate and proper legal protections are in place, with a commercial sensibility to finding compromise.” – Private equity
“Great advice, super-responsive, creative problem-solvers, and a collaborative team.” – Private equity
“Interesting, practical and give timely insights.” – Private equity
“Proactive and knowledgeable teams across both practices.” – Private equity
“Very client-centric, highly available, responsive and caring. They have a long-term focus, not transaction focus.” – Private equity
“Sensitive to client needs, approachable and provide holistic advice.” – Private equity
“The team understands client objectives and priorities, and as a result gives us the specific advice we need.” – Private equity
“We appreciate their attention to detail, sector-specific knowledge in the areas we invest, deep knowledge about our positions in investments, and very personable and committed team.” – Private equity
Ranjana Adhikari
“She is very positive and has good domain knowledge. She shows a good balance of risk management and business solutioning, and has a great ability to bring in specialists as and when needed.”
Unnati Agrawal
“Goes out of her way to devise a solution. She has very good domain knowledge and communication skills.”
Aakash Dasgupta
“Excellent communication and expertise.”
Mayukh Dutta
“Very collaborative, founder-first attitude. Also he is approachable, personable, down-to-earth and solution-oriented.”
Sushmita Gandhi
“She is always there for any assignment and helps us in complex assignments. She has a positive approach to any issue at hand and has clarity of thought for devising suitable strategies to deal with such issues. The insights and advice provided by Ms. Sushmita has been quite helpful in overcoming the challenges faced in transactions and litigations.”
“Friendly, prompt, intelligent and articulate.”
“Very effective and quick.”
Anindya Ghosh
“Anindya has great legal expertise and is always available to guide us on any issues where his expertise is needed.”
“His industry knowledge is excellent. Anindya is very solution-oriented while being able to keep our interests in mind as well as the general regulatory landscape. He is very easy to interact with and personable, and he is always available when we need him.”
“Very focused on solutions to move things along. Diligent, knowledgeable, affable and pleasant to work with. He takes time out to explain things and always kept our best interests in mind. He is a fair negotiator.”
Amit Jajoo
“Extremely meticulous and solution-oriented.”
Pallavi Kanakagiri
“She is very knowledgeable about legal implications and is very good at applying this to our specific concerns.”
Winnie Shekhar
“Always available. Incredibly responsive. Works to advocate on behalf of clients, while finding a middle-ground and reasonable approach to meeting points of dispute. Creative in thinking.”
“Combines a sharp eye on legal issues with a commercial sensibility to getting a deal across the line. Provides useful and practical advice. Not overly aggressive but a good advocate for our positions.”
“Knowledgeable and responsive.”
Work highlights
Represented PhonePe on its fund raise of $650 million.
Acted for ShareChat on its Series G&H funding round of $521 million.
Work highlights
Represented the chairman of Finolex Cables in an oppression and mismanagement petition filed against its holding company, Orbit Electricals and others.
Work highlights
Advised PhonePe on its full ownership separation from Flipkart.
Assisted Takahata Group on the sale of a 75% stake to Shriram Pistons and Rings.
Key clients
Addverb Technologies, Bharat Oman Refineries, Kalaari Capital Partners, Mayfield India, Robosoft Technologies.
Work highlights
Acted for the book running lead managers in the proposed QIP by Macrotech Developers, the first QIP by way of offer for sale in India.
Key clients
Adani Group, Axis Capital, Bank of America Securities, Citigroup Global Markets, CLSA, DSP Merrill Lynch, HSBC Securities, ICICI Securities, JM Financial, Sapphire Foods.
Work highlights
Advised social media unicorn, Mohalla Tech, in its strategic acquisition of short video application ‘MX TakaTak’ from MX Media.
Work highlights
Advised Sarla Infrastructure in the lease transaction with JP Morgan Services in relation to a lease of office space.
Assisted Present Infra and Goldfinch Buildtech on the acquisition of lands measuring 112 acres.
Work highlights
Acted for Pine Labs on its acquisition of Setu, an API infrastructure fintech startup.
Advised RooFoods on data privacy laws across the EU, India and the UK.
