South Asia - India

Shardul Amarchand Mangaldas & Co

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The sizable team of Shardul Amarchand Mangaldas & Co has a strong track record of working with both lenders and borrowers on the full range of finance matters. The team, which is led by Shardul Shroff, works with a diverse set of clients, including domestic and international banks, private equity sponsors, institutional investors, clearing corporations, NBFCs, multilateral institutions, specialty funds, and corporate borrowers. Shilpa Mankar Ahluwalia regularly advises companies on fintech-related investments and product structuring, while Shubhangi Garg focuses on debt capital markets and structured finance work. Zubin Mehta is known for his expertise in bank acquisitions and bank exit strategies in India, and Deepto Roy is experienced in handling project finance mandates in the energy and infrastructure sectors. Other key members include Veena Sivaramakrishnan, Soummo Biswas and Anurag Dwivedi.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Responsiveness, out-of-box thinking.'
  • 'Partners are aware of the legal as well as commercial side of the transactions and are involved in the transaction, have good sector knowledge and market penetration.'
  • 'Veena Sivaramakrishnan and Zubin Mehta make a very impressive team - they bring different skillsets to the table. They have the ability to provide very practical solutions to some of the commercial issues that may crop up while making investments.'
  • 'Anurag Dwivedi - he has in-depth knowledge of the sector, provides easy solutions to complex problems, is involved in the transactions and provides partner time to address key concerns.'

Key clients

  • Citibank N.A.
  • DBS Bank India Limited
  • Yes Bank
  • State Bank of India
  • Barclays
  • BDA
  • Acre
  • HDFC Bank Limited
  • IndusInd Bank Limited
  • ICICI Bank Limited
  • Axis Bank Limited
  • Aditya Birla Finance Limited
  • Kotak Investment Advisors Limited

Work highlights

  • Assisted Carlyle with the acquisition of 9.99% of the total paid-up share capital of Yes Bank.
  • Assisted Barclays Bank with the extension of certain facilities to an Ontario Teachers’ Pension Plan Board.
  • Advised a group of 10 investors led by Assets Care & Reconstruction Enterprise Limited on a marquee debt restructuring undertaken by an asset reconstruction company pursuant to SARFAESI Act.

Lawyers

Hall of Fame

The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Shardul Shroff

Hall of fameShardul Amarchand Mangaldas & Co

Mr. Shardul S. Shroff is the Executive Chairman at the Firm. He has over 40 years of experience in General Corporate, Mergers & Acquisitions, Insolvency and Bankruptcy, Securities Law, Disinvestment & Capital Markets. Mr. Shroff heads the Insolvency & Bankruptcy practice at the Firm. He is a leading authority on matters related to Corporate Governance, Mergers & Acquisitions, Government Regulation and Bankruptcy & Insolvency Law. He has been instrumental in developing these practice domains in the Firm. Widely regarded as a pioneer in the field of Corporate Law, Mr. Shroff has participated in the training and drafting of several important economic legislations and company law reforms in India.  Most recently, he has been a member of the Insolvency Law Committee, constituted by the Government to review the implementation of the Insolvency and Bankruptcy Code under the Chairmanship of Mr. Injeti Srinivas. Mr. Shroff was also a member of the Injeti Srinivas Committee constituted for decriminalization of offences under the Companies Act and the Injeti Srinivas Committee for cross-border insolvency. Under Mr. Shroff’s leadership, the Firm has been recognised as ‘Best in Insolvency’ at the Asialaw’s Asia Pacific Dispute Resolution Awards 2018. Mr. Shroff has been on a number of other high-powered committees appointed by the Government of India including the JJ Irani Committee for amending the Companies Act, the Expert Committee on maintenance of Cost Records and Cost Audit in 2014, the Eradi Committee involved in the insolvency provisions of the Companies Act, 1956, the second Naresh Chandra Committee appointed to look into aspects of SMEs and simplification of Company Law and the Valuation Committee under Mr. Shroff’s Chairmanship.  As a preeminent expert of his field, Mr. Shroff has been appointed as an independent director on significant boards of Indian companies. He is a member of the US-India Business Council, Vice Chair of the Corporate Counsel Committee of the IPBA Council, the Union Internationale Des Advocats, and the Indo-German Chamber of Commerce. Mr. Shroff has been re-elected as the Chairman of the CII National Committee on Legal Services and Arbitration. He is also a Member of the CII National Council on Services and the CII Task Force on the Ease of Doing Business, 2017-2018. With regard to FICCI, Mr. Shroff is the Chairman of the Committee on Stressed Assets and a member of the Capital Markets Committee. Mr. Shroff has also been appointed as the Senior Vice President on the Society of Indian Law Firms (SILF). Shardul has been consistently rated as a leading lawyer by several international fora and publications, including the Who’s Who Legal, AsiaLaw, Chambers and Partners, Legal 500 and Euromoney etc.  International Financial Law Review (IFLR) 1000, 2022 – The Guide to the World’s Leading Financial Law Firms notes Shardul as a market leader in the areas of Mergers and Acquisitions, Restructuring and Insolvency, Energy and Infrastructure, Project Development, Banking, Project Finance, Capital Markets: Debt,  while Chambers and Partners, 2022 views Shardul as an Eminent Practitioners in B&F & Restructuring/Insolvency  and & Star Individual in Corporate & M&A space who is known for his long-standing experience handling joint ventures, takeovers, divestments and commercial contracts. Among other numerous recognitions, Shardul is also a recipient of the National Law Day Award from the President of India for his unique contribution to the field of corporate law and leadership in its practice, and for being instrumental in advancement of India’s corporate law practice at international standards. He has been recognised as one of “The Game Changers of India, 2018” by The Economic Times.   .

Practice head

The lawyer(s) leading their teams.

Shardul Shroff

Other key lawyers

Shilpa Mankar Ahluwalia, Shubhangi Garg, Zubin Mehta, Deepto Roy, Veena Sivaramakrishnan, Soummo Biswas, Anurag Dwivedi