Saraf and Partners

India

Analysis

Overview

Established in the summer of 2021 by a group of partners from Luthra and Luthra Law Offices, Saraf and Partners has established itself well as a highly regarded full-service firm with core strengths in projects, corporate and M&A, private equity and restructuring and insolvency. The team consists of no less than 34 partners and over 180 personnel. By the end of 2022, the teams had executed more than $43 billion worth of transactions and in the spring of 2023, it acquired boutique real estate law firm, SRGR Law Offices and its 20-strong team. Key contacts include founder Mohit Saraf, and senior partners Bikash Jhawar, Vaibhav Kakkar, Manmeet Singh, Vikrant Kumar, Sanjeev Sharma and Saroj Jha. The firm welcomed a trio of R&I specialists: Ankur Khandelwal from Kochhar & Co, Anugrah Robin Frey from Luthra and Luthra Law Offices and Sairam Subramanian from Shardul Amarchand Mangaldas & Co.  

Client feedback 

We appreciate they understand our business vis-à-vis legal attributes.Dispute resolution 

Responsive, expert and practical.Regulatory 

Satadru Goswami 

We value his depth of knowledge and understanding. 

Vaibhav Kakkar 

Practical, responsive, understands risk mitigation and a great communicator. 

Manmeet Singh 

Good understanding of business and a man of details. 

Restructuring and insolvency

Work highlights 

Acted for the former resolution professional of Bhushan Steel during its corporate insolvency resolution process. Tata Steel was the successful resolution applicant.  

Assisted resolution applicant, Adani Power, in preparation of its resolution plan for acquisition of KSK Mahanadi Power Company.

Corporate and M&A

Work highlights 

Advised Viatris on the sale of its global biosimilars business to Biocon Biologics for $3.35 billion.  

Represented Vedanta Group on its $20 billion joint venture with Foxconn to manufacture semiconductors.  

Capital markets

Work highlights 

Advised Anant Investments on the IPO of Global Health.  

Assisted LIC Housing Finance on its private placement of non-convertible debentures.

Banking and finance

Work highlights 

Acted for the State Bank of India on its $2.3 billion financing for Navi Mumbai International Airport.  

Key clients 

Adani Enterprises, LIC Housing Finance, Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation. 

Energy

Work highlights 

Advised State Bank of India on its financing of the development, construction, operation and maintenance of a coal mine in Queensland, Australia to be developed by Adani Mining.  

Real estate

Work highlights 

Assisted Renew Power on land aggregation and acquisition of lands for development of renewable energy projects on a pan-India basis.