South Asia - India

Ashlar Law

More informationMore information

Counting start-ups, SMEs, and major multinationals amongst its key clients,  Ashlar Law is ‘extremely responsive and creative’, delivering tailored advice on cross-border M&A and corporate restructuring. Displaying particular strength in the digital banking, fintech and data privacy spheres, the Mumbai-based co-head Souvik Bhadra is an ’experienced practitioner’, regularly advising clients on foreign investment and joint ventures. From Bengaluru, Pingal Khan co-leads the group, handling private equity and tax structuring transactions.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Souvik Bhadra is my first point of contact. Clients are basically irrational and they don't know what they want. The partners stand out in their ability to understand what the client wants even if they themselves are not sure. They don't fluff the answers but still make it easy for clients to understand. They go out of their way to make sure clients issues are addressed. It helps to know that someone has my back and not just billing me. Honesty and integrity is what sets them apart.’

  • ‘The team is extremely responsive and creative at finding solutions. The ideas they provide to tackle our legal issues have time and again proven to be fantastic.’

  • ‘The team is very thorough in corporate and M&A practice and have extensive knowhow on deal structuring. The team is capable in negotiating and putting the clients interest at the forefront.’

  • ‘Ashlar Law distinguishes itself from other firms in India by its unsurpassable responsiveness and client service. Ashlar attorneys and staff provide expert legal analysis, make themselves readily available for video and other calls, answer emails promptly, and meet deadlines. These qualities are not routinely found in other firms.’

  • ‘I work with Souvik Bhadra nearly exclusively. Souvik has a keen legal mind and approaches issues in a systematic way that analyzes a matter from all perspectives. He becomes one of the client's team and treats client cases as if they were his own.’

  • ‘The Ashlar partner, Pingal Khan is very much approachable and knowledgeable about M&A matters. Our tax partners and in-house counsel including global has high value and appreciate his legal expertise on mergers and acquisitions. The team's expertise in M&A, response time, and on-the-ground support are outstanding.'

  • 'The team has been particularly sharp in handling restructuring issues including representing the group in merger matters before the NCLT. They are most unique in the way they handle an entire transaction and all its moving pieces and various creditors together in a manner that the company receives a holistic service and can deal with a single point of contact.’
  • ‘Pingal Khan, Partner and Shreshta Garge, Associate; Pingal Khan has vast experience in cross border M&A matters and has been critical in guiding us through regulatory hurdles and always finds the most elegant solutions that reduces our legal risks while ensuring no disruption to our business. Shreshta is incredibly prompt, friendly and thorough with her work and is dependable.’

Key clients

  • WTW (Willis Towers Watson)
  • Hindustan Unilever
  • A5G Networks Inc
  • Datamatics Group
  • Digital Green
  • National Payment Corporation of India
  • Allied ICD Services Ltd.
  • MSD India (Merck Sharp & Dohme Ltd.)
  • Organon (India) Pvt. Ltd.
  • Sun Pharmaceuticals Industries Ltd.
  • Standard Chartered Bank
  • Jupiter Wagon Pvt. Ltd.
  • Epifeast India Pvt. Ltd.
  • Lallemand Inc.

Work highlights

  • Representing Willis Consulting Services Pvt. Ltd. and WTW Global Delivery and Solutions India Pvt. Ltd. in their amalgamation through merger at the National Company Law Tribunal, Mumbai.
  • Ashlar Law advised Epifeast Inc. and its Indian subsidiary in externalisation of the original Indian entity Nymble Labs Pvt. Ltd. into a Delaware C-corp holding and Indian subsidiary structure, helped mirror the existing capital structure, set up transfer pricing guard rails between the two entities, and further supported Epifeast Inc. in its fresh fundraise from Water Bridge Ventures and 021 Capital.
  • Advised Jupiter Wagons Ltd., a leading Indian manufacturer of railway freight stock and wagons, in their joint venture with CAF S.A., global leader of railway vehicles and equipment, and CAF India (subsidiary of CAF S.A.).

Practice head

The lawyer(s) leading their teams.

Souvik Bhadra, Pingal Khan

Other key lawyers

Shreshta Garge