Established 2000
Tel: +91 11 4782 1000 , +91 80 4072 6600
Email: bangalore@induslaw.com , delhi@induslaw.com
Practice Areas: Anti-Bribery & Anti-Corruption, Banking & Finance, Financial Services, Capital Markets & International Offerings, Competition Law, Corporate & Commercial, Employment Law, Energy, Infrastructure & Natural Resources, Fund Formation, Insolvency & Restructuring, Intellectual Property, International Trade, Litigation & Dispute Resolution, Mergers & Acquisitions, Private Equity & Venture Capital, Projects & Project Finance, Real Estate, Tax and Technology, Media & Telecommunications
Office Locations: Bangalore, Delhi, Hyderabad and Mumbai
INDUSLAW is an India based full service law firm, with 47 partners and 180 lawyers advising international and domestic clients including Fortune 500 companies, multinational corporations, international financial institutions, government and regulatory bodies.
INDUSLAW and its lawyers have been consistently recognized across practice areas by several leading legal and industry specific publications. Chambers and Partners India Awards 2019 recognised the Firm as the Client Service Firm of the Year.
India
IndusLaw
IndusLaw continued its expansion last year with the headline-grabbing hiring of capital markets star Manan Lahoty and his team of four partners and 13 associates from L&L Partners. The addition of this top-notch capital markets practice group helped launch the firm into the ‘Highly recommended’ tier this year. Other areas the firm moved up in were dispute resolution, investment funds, labour and employment, and technology and telecommunications. The firm is rapidly earning a place among the top echelons of the country’s most prestigious law firms. In particular, 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.
Apart from the L&L team, the dispute resolution group also fortified its offering with the recruitment of partners Petrushka Dasgupta, Padmaja Kaul, and Mayank Mishra from Haresh Jagtiani and Associates, Trilegal and J Sagar Associates, respectively. Corporate and labour specialist Revathy Muralidharan joined from J Sagar Associates, while M&A partner Rashi Sarif was hired from Cyril Amarchand Mangaldas.
Banking and finance
Work highlights
Advised Agritrade Resources on acquisition financing and transaction structuring for the one-time settlement that was used to acquire SKS Power Generation.
Represented IndusInd Bank with respect to a rupee term loan financing to KC Maritime, a part of Hong Kong-based Kishinchand Chellaram Group, for the purchase of a shipping vessel registered in Cyprus and to be chartered in India to Ambuja Cement as a cement carrier.
Key clients
Cleantech Solar Energy, India Equity Partners, NCF, Silver Point Capital
Capital markets
Work highlights
Acted for the placement agents, including Kotak Mahindra Capital, Axis Capital, DSP Merrill Lynch, and JP Morgan India, in the $971 million QIP of Avenue Supermarts followed by an offer for sale by the promoters of the company through the stock exchange mechanism.
Advising the lead managers Kotak Mahindra Capital, CLSA India, Edelweiss Financial Services and JM Financial in the proposed IPO by Burger King India.
Represented IIFL Securities, ICICI Securities and IDFC Securities as the placement agents on the $382 million QIP by RBL Bank.
Key clients
Axis Capital, Edelweiss Financial Services, Goldman Sachs India, Nomura Financial Advisory and Securities, Prince Pipes and Fittings
Corporate and M&A
Work highlights
Represented Agritrade Resources, a listed company on the Hong Kong Stock Exchange, on the acquisition of SKS Power Generation through a one-time settlement for all outstanding debt owed to State Bank of India, L&T Infrastructure Finance and PTC India Financial Services. The target is currently developing a domestic coal-based thermal power plant in two phases.
Advised Pine Labs India on its strategic collaboration with Mastercard, which made a primary and secondary investment in the client, pushing Pine Labs’ valuation to over $1 billion.
Key clients
Accel India, CNPL, FirstCry, Helion Venture Partners, Wipro
Dispute resolution
Work highlights
Represented Lakshmi Vilas Bank in a suit filed against it by Religare Finvest for the recovery of $103 million along with other ancillary reliefs.
Advised Cadila Healthcare, a major domestic pharmaceuticals player, before the Supreme Court on charges of an alleged anti-competitive agreement with the Chemists & Druggists Association of India.
Key clients
Builders Association of India, CTR Manufacturing, Electronic City Industrial Township Authority, Schott Glass
Energy
Work highlights
Advised ReNew Power on the licensing of the supervisory control and data acquisition (SCADA) date for digitalising operation and maintenance for its utility-scale wind and solar energy portfolio.
Assisted AMPSolar India in relation to an investment it received by LGT Lightstone Aspada.
Representing UPC Renewables in drafting, negotiating and finalising the split EPC contracts for the development of a solar power plant located in the Jodhpur district of the state of Rajasthan with Sterling and Wilson Solar as the EPC contractor.
Key clients
Berkeley Energy, Canadian Solar, NextEnergy Capital, Sterlite Power Transmission, Suez
Infrastructure
Work highlights
Acted for Aegion subsidiary Insituform Technologies in relation to the sale of its entire shareholding in its Indian wholly-owned subsidiary to Polycrete Restorations.
Labour and employment
Work highlights
Advised Amneal Pharmaceuticals on a reduction in force exercise that had to be undertaken due to business reasons.
Represented Armstrong Fluid India in providing time-sensitive strategic and legal advice on how to mitigate risks against the formation of a union and preparing a formal legal dispute against certain influential employees that were making specific compensation demands.
Key clients
Clarivate Analytics, Moneygram International, Shell India Markets
Media and entertainment
Work highlights
Assisting MX Media & Entertainment in setting up a separate MX player platform in the US, and drafting and negotiating contracts for acquiring content for streaming in the US.
Advised Times Internet on its corporate structuring and transfer of the business undertaking ‘Times Videos’ of Times Internet India to MX Media & Entertainment.
Key clients
Mudskipper Labs, PVR, TVF, Wild Karnataka
Private equity
Work highlights
Represented OYO on its $3 billion funding from Softbank Vision Fund and RA Hospitality Holdings.
Advised Ribbit on its investment into Dreamplug Technologies, along with multiple investors including SCI Investments V, Gemini Investments, RTP Global Investments and others.
Acted for Wickedride Adventure Services, Accel India V (Mauritius), ON Mauritius, and Qualcomm Asia Pacific in relation to their investment into Bounce, a domestic online motorbike and scooter rental platform.
Key clients
Elevar Equity, LGT Capital, Rapido, Saturn Shine
Real estate
Work highlights
Advised SB Energy on the land laws of the state of Rajasthan with respect to buying or taking on a long term lease on large tracts of land for setting up solar power projects.
Assisting Mahindra Susten in performing legal title due diligence for land in Rajasthan for future solar projects.
Advised Vatika Group companies on restructuring their assets between the business group. The exercise involved restructuring existing loans and real estate assets to comply with the regulatory requirements and Reserve Bank of India prudential norms.
Key clients
Alstom Transport India, Decathlon Sports India, Hamstede Living, Orris
Restructuring and insolvency
Work highlights
Represented US-based hedge fund Silver Point concerning the debt it owned in the distressed assets of Essar Steel India.
Advised JM Financial Asset Reconstruction in the insolvency proceedings of Alok Infrastructure. The client framed the resolution plan along with Reliance Industries after the committee of creditors was formed.
Key clients
India Equity Partners, Lexington and Falafal, Mauritius Commercial Bank, Rolta India
Technology and telecommunications
Work highlights
Advised Google India on data privacy compliance in relation to research studies involving vulnerable communities and minors, and assisted the client in the creation of customised products to make them more accessible and inclusive. The firm has advised on the existing regulatory framework in India, as well as the proposed legislative changes, and it has been closely working with the client on fundamental policy initiatives.
Acted for Microsoft India on the structuring of legal and regulatory issues surrounding the launch of Skype for Business in India, including assessing customer and vendor agreements.
Key clients
Honeywell, Kingsoft Corporation, Skylotech Technologies, TVF
Client feedback
“It understands client requirements, has a shorter turnaround time from other firms, and offers expert opinions on various matters.” – Banking and finance
“Good quality of service and turnaround time.” – Banking and finance
“Dedicated, sincere and high-quality professionalism.” – Banking and finance
“Appreciate its light pricing and commercial advice.” – Energy
“Responsive, high-quality work product and practical advice.” – Labour and employment
“I like their responsiveness and attention to detail.” – Real estate
Avik Biswas
“He is responsive and understands the clients’ perspective well. He is good at dealing with Western clients.”
Karthik BM
“He is responsive, pays attention to detail and has a good grasp of the real estate sector.”
Sushmita Gandhi
“She very good with understanding our requirements, and gives innovative solutions and opinions on the same. Also, she always let us know upfront on what the possibilities are so that we can plan our strategy accordingly.”
“She provides excellent professional advice, has a strong legal knowledge and is accessible.”
Manishi Pathak
“He is a good listener, thoughtful speaker and friendly.”
India
Banking and financial services
Outstanding |
---|
AZB & Partners |
Cyril Amarchand Mangaldas |
Shardul Amarchand Mangaldas & Co |
Highly recommended |
---|
Economic Laws Practice |
IndusLaw |
J Sagar Associates |
Khaitan & Co |
L&L Partners |
SNG & Partners |
Trilegal |
Recommended |
---|
HSA Advocates |
Jerome Merchant + Partners |
Juris Corp |
Link Legal India Law Services |
Majmudar & Partners |
Phoenix Legal |
S&R Associates |
TT&A |
Other notable |
---|
Argus Partners |
MDP & Partners |
Singhania & Partners |
Energy
Outstanding |
---|
Cyril Amarchand Mangaldas |
HSA Advocates |
J Sagar Associates |
Shardul Amarchand Mangaldas & Co |
Trilegal |
Highly recommended |
---|
Advaita Legal |
Economic Laws Practice |
IndusLaw |
Khaitan & Co |
L&L Partners |
Link Legal India Law Services |
Recommended |
---|
ALMT Legal |
AZB & Partners |
Dhir & Dhir Associates |
DSK Legal |
Gagrats |
Phoenix Legal |
Singhania & Partners |
Recognised |
---|
Kochhar & Co |
Rajani Associates |
Other notable |
---|
Bharucha & Partners |
Desai & Diwanji |
Gravitas Legal |
S&R Associates |
Sarthak Advocates & Solicitors |
Wadia Ghandy & Co |
Infrastructure
Outstanding |
---|
Cyril Amarchand Mangaldas |
J Sagar Associates |
L&L Partners |
Shardul Amarchand Mangaldas & Co |
Highly recommended |
---|
Economic Laws Practice |
HSA Advocates |
Link Legal India Law Services |
Recommended |
---|
Advaita Legal |
ALMT Legal |
AZB & Partners |
Dhir & Dhir Associates |
Gagrats |
IndusLaw |
Khaitan & Co |
Phoenix Legal |
Trilegal |
Wadia Ghandy & Co |
Other notable |
---|
Advaya Legal |
DSK Legal |
Gravitas Legal |
Kochhar & Co |
Sarthak Advocates & Solicitors |
The Law Point |
Media and entertainment
Outstanding |
---|
DSK Legal |
Naik Naik & Company |
Highly recommended |
---|
AZB & Partners |
Cyril Amarchand Mangaldas |
Nishith Desai Associates |
Saikrishna & Associates |
Trilegal |
Recommended |
---|
Anand and Anand |
ANM Global |
Bharucha & Partners |
IndusLaw |
J Sagar Associates |
Khaitan & Co |
Phoenix Legal |
Shardul Amarchand Mangaldas & Co |
Other notable |
---|
Dhir & Dhir Associates |
Mason & Associates |
Obhan & Associates |
RK Dewan & Co |
S&R Associates |
Spice Route Legal |
Real estate
Outstanding |
---|
AZB & Partners |
Cyril Amarchand Mangaldas |
Kanga & Co |
Khaitan & Co |
Highly recommended |
---|
Federal & Company |
J Sagar Associates |
L&L Partners |
Shardul Amarchand Mangaldas & Co |
Recommended |
---|
ALMT Legal |
DSK Legal |
Hariani & Co |
IndusLaw |
Majmudar & Partners |
Phoenix Legal |
Trilegal |
Wadia Ghandy & Co |
Recognised |
---|
Economic Laws Practice |
Fox Mandal |
Kochhar & Co |
MDP & Partners |
Mulla & Mulla & Craigie Blunt & Caroe |
Poovayya & Co |
Other notable |
---|
Advaita Legal |
Anup S Shah Law Firm |
Atlas Law Partners |
Dhaval Vussonji & Associates |
Juris Corp |
Link Legal India Law Services |
Singhania & Partners |
UKCA and Partners |
Veritas Legal |
Technology and telecommunications
Outstanding |
---|
Cyril Amarchand Mangaldas |
J Sagar Associates |
Kochhar & Co |
Nishith Desai Associates |
Shardul Amarchand Mangaldas & Co |
Trilegal |
Highly recommended |
---|
AZB & Partners |
DSK Legal |
IndusLaw |
Recommended |
---|
Advaita Legal |
Khaitan & Co |
L&L Partners |
S&R Associates |
Spice Route Legal |
Recognised |
---|
ALMT Legal |
Dhir & Dhir Associates |
HSA Advocates |
Majmudar & Partners |
Phoenix Legal |
Samvad Partners |
Other notable |
---|
Algo Legal |
BTG Legal |
Economic Laws Practice |
Juris Corp |
Link Legal India Law Services |
Poovayya & Co |
Rajaram Legal |
Veritas Legal |
Banking and finance
Outstanding |
---|
AZB & Partners |
Cyril Amarchand Mangaldas |
J Sagar Associates |
Khaitan & Co |
Shardul Amarchand Mangaldas & Co |
TT&A |
Highly Recommended |
---|
Economic Laws Practice |
HSA Advocates |
Juris Corp |
L&L Partners |
SNG & Partners |
Trilegal |
Recommended |
---|
Bharucha & Partners |
Dave & Girish & Co |
Dhir & Dhir Associates |
DSK Legal |
IndusLaw |
Link Legal India Law Services |
Majmudar & Partners |
Phoenix Legal |
Wadia Ghandy & Co |
Recognised |
---|
Advaita Legal |
ALMT Legal |
Argus Partners |
Atlas Law Partners |
Gagrats |
Jerome Merchant + Partners |
Kochhar & Co |
Nishith Desai Associates |
Other notable |
---|
Chadha & Co |
Desai & Diwanji |
Gravitas Legal |
India Law Offices |
Khaitan & Khaitan |
Lex Favios |
MDP & Partners |
ZBA |
Capital markets
Outstanding |
---|
AZB & Partners |
Cyril Amarchand Mangaldas |
Khaitan & Co |
S&R Associates |
Shardul Amarchand Mangaldas & Co |
Highly Recommended |
---|
Economic Laws Practice |
IndusLaw |
J Sagar Associates |
Juris Corp |
L&L Partners |
Trilegal |
TT&A |
Recommended |
---|
ALMT Legal |
Dhir & Dhir Associates |
Link Legal India Law Services |
Majmudar & Partners |
Nishith Desai Associates |
Rajani Associates |
Wadia Ghandy & Co |
ZBA |
Competition/antitrust
Outstanding |
---|
AZB & Partners |
Cyril Amarchand Mangaldas |
Khaitan & Co |
Shardul Amarchand Mangaldas & Co |
Highly recommended |
---|
Economic Laws Practice |
L&L Partners |
Trilegal |
Recommended |
---|
Chandhiok & Mahajan |
Gaggar & Partners |
J Sagar Associates |
Lakshmikumaran & Sridharan |
S&R Associates |
TT&A |
Other notable |
---|
Advaita Legal |
IndusLaw |
Link Legal India Law Services |
Majmudar & Partners |
Construction
Outstanding |
---|
Cyril Amarchand Mangaldas |
HSA Advocates |
J Sagar Associates |
L&L Partners |
Link Legal India Law Services |
Shardul Amarchand Mangaldas & Co |
Highly recommended |
---|
DSK Legal |
Kanga & Co |
Khaitan & Co |
Other notable |
---|
Dhir & Dhir Associates |
Corporate and M&A
Outstanding |
---|
AZB & Partners |
Cyril Amarchand Mangaldas |
Khaitan & Co |
Shardul Amarchand Mangaldas & Co |
Trilegal |
Highly recommended |
---|
DSK Legal |
IndusLaw |
J Sagar Associates |
L&L Partners |
S&R Associates |
TT&A |
Dispute resolution
Outstanding |
---|
Agarwal Law Associates |
AZB & Partners |
Cyril Amarchand Mangaldas |
Karanjawala & Co |
Khaitan & Co |
Shardul Amarchand Mangaldas & Co |
Highly Recommended |
---|
DSK Legal |
Economic Laws Practice |
IndusLaw |
J Sagar Associates |
L&L Partners |
Nishith Desai Associates |
Trilegal |
Wadia Ghandy & Co |
Recommended |
---|
Bharucha & Partners |
Dhir & Dhir Associates |
Dua Associates |
Federal & Company |
Juris Corp |
Majmudar & Partners |
Phoenix Legal |
Rashmikant and Partners |
S&R Associates |
Singhania & Partners |
Intellectual property
Outstanding |
---|
Anand and Anand |
K&S Partners |
Rahul Chaudhry & Partners |
Remfry & Sagar |
Highly Recommended |
---|
Krishna & Saurastri Associates |
Lakshmikumaran & Sridharan |
Lall & Sethi |
RK Dewan & Co |
Saikrishna & Associates |
Singh & Singh |
Recommended |
---|
De Penning & De Penning |
Inttl Advocare |
LexOrbis |
Obhan & Associates |
S Majumdar & Co |
Subramaniam & Associates |
Recognised |
---|
AZB & Partners |
Kan & Krishme |
Khaitan & Co |
L&L Partners |
Mason & Associates |
RNA Technology and IP Attorneys |
Shardul Amarchand Mangaldas & Co |
Investment funds
Outstanding |
---|
Cyril Amarchand Mangaldas |
Khaitan & Co |
Highly Recommended |
---|
AZB & Partners |
Nishith Desai Associates |
Shardul Amarchand Mangaldas & Co |
Trilegal |
Recommended |
---|
IC Universal Legal |
IndusLaw |
Other notable |
---|
ALMT Legal |
ARA Law |
Economic Laws Practice |
Finsec Law Advisors |
Gravitas Legal |
Spice Route Legal |
Vertices Partners |
Labour and employment
Outstanding |
---|
Nishith Desai Associates |
Trilegal |
Highly recommended |
---|
Bhasin and Bhasin Associates |
Cyril Amarchand Mangaldas |
IndusLaw |
J Sagar Associates |
Khaitan & Co |
Kochhar & Co |
Majmudar & Partners |
Shardul Amarchand Mangaldas & Co |
Recommended |
---|
ALMT Legal |
AZB & Partners |
L&L Partners |
Phoenix Legal |
Singhania & Partners |
Other notable |
---|
Advaita Legal |
Chadha & Co |
Clasis Law |
Dhir & Dhir Associates |
Poovayya & Co |
Private equity
Outstanding |
---|
AZB & Partners |
Cyril Amarchand Mangaldas |
Khaitan & Co |
Nishith Desai Associates |
Shardul Amarchand Mangaldas & Co |
Highly recommended |
---|
IndusLaw |
J Sagar Associates |
L&L Partners |
Platinum Partners |
S&R Associates |
Trilegal |
Recommended |
---|
ALMT Legal |
Dhir & Dhir Associates |
Economic Laws Practice |
Jerome Merchant + Partners |
Juris Corp |
Majmudar & Partners |
Phoenix Legal |
Rajani Associates |
Samvad Partners |
Wadia Ghandy & Co |
Recognised |
---|
Bharucha & Partners |
IC Universal Legal |
P&A Law Offices |
Pioneer Legal |
Rajaram Legal |
Veritas Legal |
Other notable |
---|
Algo Legal |
Amicus |
Atlas Law Partners |
DSK Legal |
Link Legal India Law Services |
PDS Legal |
Spice Route Legal |
Vertices Partners |
Restructuring and insolvency
Highly recommended |
---|
AZB & Partners |
Cyril Amarchand Mangaldas |
Dhir & Dhir Associates |
Khaitan & Co |
Shardul Amarchand Mangaldas & Co |
Lawyer | Ranking | Practice Area |
---|---|---|
Biswas, Avik | Distinguished practitioner | Labour and employment |
Dar, Avimukt | Distinguished practitioner | Private equity |
Dubey, Ravi | Rising star | Capital markets |
Ganapathy, Kartik | Distinguished practitioner | Private equity |
Goel, Rahul | Distinguished practitioner | Competition/antitrust, Technology and telecommunications |
Gupta, Manish | Notable practitioner | Corporate and M&A |
Katarki, Suneeth | Distinguished practitioner | Corporate and M&A |
Katta, Srinivas | Distinguished practitioner | Corporate and M&A |
Lahoty, Manan | Elite practitioner | Capital markets |
Munishamaiah, Karthik | Notable practitioner | Real estate |
Nag, Avirup | Rising star | Energy, Infrastructure |
Nidumuri, Lomesh | Notable practitioner | Dispute resolution |
Pathak, Manishi | Distinguished practitioner | Labour and employment |
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