Head of legal and general counsel | ibibo Group
Akshat Sulalit
Head of legal and general counsel | ibibo Group
Handpicked at university by India’s biggest conglomerate, Reliance Industries, Akshat Sulalit spent his first four years of his career supporting their central legal team and was exposed to the legal complexities on a variety of business verticals such as retail, polymer and polyester, oil and gas, banking and finance, media and telecom. He then moved to law firms Phoenix Legal, to principally work on private equity transactions, and Kaden Boriss, advising both domestic and international corporates on joint ventures, private equity, compliance with Indian data privacy laws, banking laws and dispute resolution as well. Joining the ibibo Group, an online travel organisation, in 2015, Sulalit was tasked with strengthening, developing and leading the in-house legal team. Using his previous experience, he has restructured the in-house team in line with how law firms work, establishing key processes to streamline business operations and simultaneously reducing the reliance on external lawyers. Sulalit confirms his biggest achievement was ‘building a strong, smart, confident, efficient and effective legal team for ibibo Group’, adding that ‘each member is independently capable of being answerable for the work assigned to and delivered by them’. Sulalit has always been a proponent of individuals having their own workload and deliverables, ‘because nothing bestows more responsibility than ownership. If the right people are imparted the right training, direction and motivation – they will deliver’. This training and talent development not only gives ibibo confidence that the team can easily adapt to its new product lines, but also grants stability through heightened structure in the existing business units.