Cyril Amarchand Mangaldas > New Delhi, India > Firm Profile

Cyril Amarchand Mangaldas > The Legal 500 Rankings

India > Banking and finance Tier 1

From high-value financings in project finance, external commercial borrowings and debt restructurings to mezzanine finance, high yield bonds, securitisations and loan portfolio sales, Cyril Amarchand Mangaldas‘ banking and finance team is one of India’s leaders. Cyril Shroff, the firm’s managing partner and a veteran practitioner in corporate and securities law, disputes, banking, bankruptcy, infrastructure and financial regulatory matters, leads the team. Co-heading alongside are L. Viswanathan, a project finance expert and key adviser to corporate and financial institutions in infrastructure projects, and Amey Pathak, likewise a project specialist, advising large financial institutions on airport, power, telecom, oil and gas, ports, roads and urban infrastructure matters. Santosh Janakiram, a bond and structured debt financing specialist and leader of the firm’s renewables practice, is a noted practitioner.

India > Capital markets Tier 1

Cyril Amarchand Mangaldas’ Mumbai-based practice is well-equipped to handle the wide variety of cases for issuers, managers and other interested clients, both domestic and international. The team is reputed for its strong capabilities in both transactional and regulatory matters, and assists with IPOs, FPOs and QIPs in the energy, telecoms and financial sectors, amongst others. October 2024 arrival Manan Lahoty operates as the head of the team, offering his expertise in significant public offering and block sale cases. Lahoty co-heads the department alongside Cyril Shroff who has expertise in advising national players in securities matters, and Yash J. Ashar who has diverse capital markets transactional experience. Abhiroop Lahiri is also a name to note in the team.

India > Corporate and M&A Tier 1

Recommended by clients for its breadth of capabilities, Cyril Amarchand Mangaldas is home to a well-equipped corporate and M&A group steered by Cyril Shroff. The practice has a comprehensive offering which encompasses public and private M&A, demergers, and disposals, as well as demergers, investments, and restructurings. With a wealth of expertise and considerable experience assisting with high-value and high-profile transactions, both domestic and cross-border, the department has amassed a strong client roster covering a wide array of sectors, including consumer goods, financial services, and food and beverages. Shroff is a standout name in the team and is sought after by multinational corporates to assist with complex M&A, corporate governance, and regulatory advice. He is supported by real estate, e-commerce, and real estate specialist Reeba Chacko, who regularly handles multijurisdictional M&A, investments, and consolidations. The group also benefits from the aptitude of Akila Agrawal, who is an authority when it comes to public M&A, joint ventures, and takeovers, alongside delistings, disposals, and commercial contracts. Other notable members of the practice include Nivedita Rao, Ramgovind Kuruppath, and Anchal Dhir, alongside Anand Jayachandran.

India > Dispute resolution: arbitration Tier 1

Based in Mumbai, Bengaluru, and Noida, the arbitration practice at Cyril Amarchand Mangaldas boasts a strong track record in advising multinational clients before the ICC, SIAC, HKIAC, and numerous other arbitral bodies in a mix of domestic and international disputes, especially in insolvency, restructuring, commercial, and corporate-related proceedings. Indranil Deshmukh heads up the disputes practice in Mumbai, and is a key port of call for clients seeking representation in shareholder and acquisition0-related arbitrations, as well as foreign exchange disputes. Shaneen Parikh and Amita Katragadda are also key members of the team for post-transaction, contractual, corporate governance, infrastructure, manufacturing, and structured finance disputes. Lomesh Kiran Nidumuri and Noida-based Kapil Arora are turned to for their expertise in infrastructure and joint ventures disputes. Omar Ahmad is also worth noting for commercial litigation and arbitration.

India > Dispute resolution: litigation Tier 1

The litigation practice at Cyril Amarchand Mangaldas is geared towards complex dispute resolution with an international presence, acting for numerous multinational clients in domestic and multi-jurisdictional litigation. The team offers extensive experience in strategic litigation across various sectors, advising clients from the financial, energy, healthcare, and other sectors in various contractual, shareholder, and debt disputes. Advising on commercial contracts and cross-border shareholder disputes, Indranil Deshmukh and Amita Katragadda jointly lead the Mumbai-based team, along with Cyril Shroff  who acts as managing partner and fields over 41 years of experience in transaction and financial disputes. Aditya Mehta is praised for his ‘outstanding track record’ in regulatory disputes.

India > Fintech and financial services regulatory Tier 1

With expertise spanning transactional, regulatory, and enforcement mandates, the fintech practice at Cyril Amarchand Mangaldas is engaged by digital lenders, neo-banks, digital asset and blockchain providers, payment system operators, big-tech companies, and a diverse range of other clients. The team is jointly led by Mumbai-based partners Anu Tiwari, who specialises in enforcement proceedings before the RBI, SEBI, SFIO, and other regulatory bodies; and Cyril Shroff and L. Viswanathan, both of whom are highly regarded for their expertise in financial services regulation — the former contributing through his experience with SEBI and other regulatory committees, and the latter noted for advising on regulatory frameworks governing innovative financial products. Ketaki Mehta is a key contact for matters involving cross-border payments and digital asset regulation.

India > Labour and employment Tier 1

Boasting a full-service employment team that specialises in employment advisory, transactional, disputes, compliance and investigations, and corporate employment matters, Cyril Amarchand Mangaldas advises clients through its large pan-India presence. The team has deep experience in employee fraud cases, breach of non-competes and sexual harassment issues, and is increasingly working on matters related to DEI for some of the largest domestic and international clients operating in India. Leading the team in the Southern Region is Rashmi Pradeep, an experienced employment lawyer specialising in large transactions and acquisitions, retrenchment, downsizing and union strategies. Other key practitioners include Abe Abraham, a transactional, advisory, compliance and disputes expert, and Sowmya Kumar, who is experienced in advising large multinational corporations.

India > Private client Tier 1

Cyril Amarchand Mangaldas's private client team is noted for routinely acting in family disputes, wealth structuring, and wealth transferal matters. The team has experience advising clients in the real estate and infrastructure sectors. In Mumbai, Cyril Shroff, Rishabh Shroff, and Radhika Gaggar co-lead the team; Shroff is an expert in the private client arena, Shroff has experience advising next-generation clients in cross-border family arrangement matters, and Gaggar specialises in estate and succession planning and is also noted for advising on the establishment of charitable institutions. Other members of the team include tax specialist Kunal Savani and Shaishavi Kadakia, who expertly handles family disputes.

India > Private equity (including venture capital) Tier 1

Praised by clients for its ‘combination of technical precision, commercial acumen, and responsiveness’, the private equity and venture capital group at Cyril Amarchand Mangaldas is a powerhouse in the Indian market. The group’s wide-ranging experience encompasses domestic and cross-border transactions — including private equity and venture capital investments, entries and exits, and buyouts — regulatory matters, and transaction structuring. With its expansive offering and multijurisdictional capabilities, the practice has amassed an impressive client base comprised of notable private equity houses, investors, and financial institutions including the likes of the Blackstone Group and Goldman Sachs. Cyril Shroff heads up the department and stands out for his investment and takeover prowess. He is supported by Reeba Chacko who regularly represents global private equity funds on acquisitions, investment strategies, and regulatory matters, with a particular focus on the real estate, retail, and e-commerce sectors. On the equity investment and late-stage investment front, Ravindra Bandhakavi is the key contact, while Vandana Sekhri is sought after by promoters, corporate entities, and investors for her expertise in fundraising and acquisitions. Other core practitioners in the team include Ruetveij Pandya, L. Viswanathan, and S. Harish, alongside Aditi Manchanda.

India > Projects and energy Tier 1

Cyril Amarchand Mangaldas is praised for providing ‘the most comprehensive coverage for clients’ energy sector requirements’. The firm remains a trusted advisor to leading lenders, sponsors, developers, and multilaterals on project finance, PPPs, and acquisitions, and its expertise spans sub-sectors such as renewables, mining, roads, ports, airports, and healthcare. Cyril Shroff and L Viswanathan co-lead the practice alongside Santosh Janakiram, who is recognised for the strength of his finance offering, acting for a wide range of lenders and borrowers. Ajay Sawhney has a financing background and is a key contact for project development mandates, while Subhalakshmi Naskar has recently been active in sustainability-linked loans and revolving credit facilities. Other notable practitioners include Ramanuj Kumar, Sangita John, Surya Sreenivasan, and Manasvini Raj.

India > Real estate and construction Tier 1

Known for its ‘practical’ and ‘deal-friendly’ approach, Cyril Amarchand Mangaldas advises on the gamut of pan-India real estate transactions, from equity and debt construction financing to pure and corporate acquisitions. The ‘available’ team also supports domestic and international corporates, funds, lenders, borrowers and developers on due diligence and joint development agreements across the industrial, commercial and high-end residential property sectors. The practice is led by Cyril Shroff alongside Namrata Kolar, who is adept at complex real estate transactions, financing and dispute resolution. The ‘outstanding’ Abhilash Pillai specialises in title due diligence and real estate project investments, while Ashish Jain, focused on North India and Mumbai, is sought for conveyancing and mixed-use projects development. Karan Sharma is a key contact for real estate investment matters.

India > Restructuring and insolvency Tier 1

India > TMT Tier 1

A market leader in the TMT space, Cyril Amarchand Mangaldas advises a wide variety of domestic and international clients on the full spectrum of sector-related matters, including big-ticket M&A, joint ventures and investment structuring in the media space, digital payments regulations, online gaming, data privacy, tech deals, and fintech issues. The practice is led by a quartet of partners: managing partner Cyril Shroff; Arun Prabhu; Anu Tiwari; and Aarushi Jain. Based out of Bangalore and Mumbai, Prabhu heads the technology practice and advises banking, insurance, healthcare, and internet clients on large-scale tech acquisitions and investments. Jain leads the media, education and gaming practice and advises clients on sponsorships, licensing and brand endorsements, while Tiwari acts for emerging tech companies in transactional and regulatory matters. The group was strengthed by the addition of Arya Tripathy from Priti Suri and Associates in September 2024; she is experienced in advisory and transactional mandates concerning IT and emerging technologies.

India > Antitrust and competition Tier 2

With a focus on the merger control side of antitrust and competition law, Cyril Amarchand Mangaldas has amassed extensive experience acting for household names in high-value and high-profile transactions. While the group has a solid track record for clearing both domestic and cross-border investments, acquisitions, and mergers, the team is also adept at handling complex antitrust cases relating to allegations of anticompetitive practices, related litigation, and bid rigging investigations. With a robust offering and multijurisdictional capabilities, the practice continues to grow its client roster, consisting of notable names from the technology, banking and finance, and healthcare sectors. Co-leading the department are managing partner Cyril Shroff and merger notification authority Avaantika Kakkar. Kakkar stands out for her aptitude at merger defence, vertical restraints, and merger objections. The practice also benefits from the expertise of Dhruv Rajain who regularly leads on predatory pricing complaints, cartelisation allegations, and leniency applications. Other key members of the group include Vijay Pratap Singh Chauhan, Kaustav Kundu, and Ananya Mahant.

India > Insurance Tier 2

Cyril Amarchand Mangaldas has an experienced insurance practice across regulatory advisory work, M&A transactions, insurer IPOs and contentious insurance proceedings for corporate stakeholders. Firm managing partner Cyril Shroff, boasting 41 years in practice and specialisms in corporate, securities and regulatory law, leads the team alongside insurance expert Indranath Bishnu, a key adviser to major Indian and international corporations, government bodies and the IDRAI in establishment, operation, management and control of insurance matters. The team is assisted by Pranjita Barman, who handles the corporate restructurings and M&A work in the sector.

India > Life sciences and healthcare Tier 2

Cyril Amarchand Mangaldas’s pharmaceutical and life sciences department offers a comprehensive range of support for clients in the life sciences and health care sector. Ashwin Sapra is at the helm of this multi-disciplinary team, bringing over 27 years of experience and routinely advising on matters surrounding intellectual property, anti-corruption, and regulatory issues. Working alongside him is Biplab Lenin, who specialises in contentious and non-contentious matters in pharmaceuticals, digital health, and biotechnology. Supporting the team is Priyam Rajkumar, who is noted for his work on the distribution of drugs, cosmetics, and narcotics, Kartik Jain, who has experience in advising clients on M&A transactions, and Akshat Razdan, who’s work in pre-dispute strategies and dispute resolution comes highly regarded. Ashwin Sapra and Ravi Shah are also key contacts.

India > Tax Tier 2

Reputable in the market for their experience in structuring the tax aspects of M&A transactions and representing national and multinational companies in direct and indirect tax litigation, Cyril Amarchand Mangaldas‘ tax team is well-equipped to handle an array of tax-related matters. With sector expertise in healthcare, manufacturing, banking and finance, retail, power and more, the team is capable in contentious tax matters, as well as drafting commercial contracts, warranties and indemnities, JV agreements and asset transfers. The team is co-led by S. R. Patnaik, a chartered accountant, and an expert in international and corporate tax, and Kunal Savani, a specialist in inbound and outbound M&A and international tax matters.

India > White-collar crime Tier 2

The white-collar crime practice at Cyril Amarchand Mangaldas is noted for its expertise in advising domestic and international corporations and senior executives on complex criminal, regulatory and investigative actions. The team is skilled in handling regulatory and criminal investigations in India and SEC, FCPA and UKBA proceedings. Managing partner Cyril Shroff oversees the practice alongside Ankoosh K Mehta, a specialist in commercial disputes and white-collar crime litigation, and Faraz Alam Sagar, who focuses on cross-border litigation, corporate and forensic investigations, as well as international sanctions. Other noteworthy members of the team include Sara Sundaram, who regularly acts in complex disputes, corporate and financial internal investigations and international sanctions, and commercial disputes expert Srinivas Atreya Chatti.

India > Data protection

Cyril Amarchand Mangaldas regularly counsels on the rapidly evolving regulatory landscape, including matters relating to prepaid instruments, tokenisation, and restrictions on real money gaming.