IndusLaw is a modern full-service firm that is rapidly coming up the ranks as a challenger to the established order of top legacy firms. This year, it moves up to the top tier in the media and entertainment ranking, and is boosted up a notch for its IP and regulatory offerings. In total, the pan-India coverage includes offices in Bangalore, Chennai, Delhi, Hyderabad, Mumbai and Gurugram. 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. The capital markets team remained active, securing some of this year’s largest mandates for both issuers and bookrunners on more than 24 transactions. While maintaining a secure foothold at the forefront of ECM work, the team is busy diversifying its experience into newer products such as SPACs and business trusts, block deals and debt capital markets work. The key contacts are founding partners Avimukt Dar, Gaurav Dani, Kartik Ganapathy, Srinivas Katta and Suneeth Katarki.
There were a handful of notable inflows and outflows from the firm in the last year. The banking practice welcomed Pritha Chatterjee and Divij Kumar from Shardul Amarchand Mangaldas & Co and Luthra and Luthra Law Offices, respectively. Corporate partner Siddharth Manchanda also joined from Unacademy in January 2024. In addition to Kumar, the dispute resolution department recruited two more experts from Luthra and Luthra, Amrita Tonk and Abhimanyu Kampani, as well as Suadat Ahmad Kirmani from Tatva Legal. Regulatory specialist Shashwat Kumar joined from Shardul Amarchand Mangaldas & Co in July 2023. Three M&A specialists departed for Shardul Amarchand Mangaldas & Co: Manish Gupta, Ashish Ahluwalia and Pratyush Khurana.
Client feedback
“Prompt, responsive and accessible.” – Banking and finance
“Very hands-on and always available to help.” – Corporate and M&A
“Recommended for their quality of work and timelines adherence. Humbleness among their partners and founder is the key.” – Corporate and M&A
“Prompt, responsive and easily accessible.” – Corporate and M&A
“Responsive, can meet all of our needs, and creative thinking.” – Corporate and M&A
“Very flexible, great ideas and very competent.” – Corporate and M&A
“Availability, agility in fees and general ownership.” – Corporate and M&A
“They are very commercially-focused, savvy and efficient. They don't give us long memos rather they give us succinct and acute advice.” – Corporate and M&A
“Excellent time management, clarity in communication and resource management.” – Dispute resolution
“Well-organised, quick responses and client-friendly.” – Dispute resolution
“Appreciate the lawyers’ responsiveness and industry expertise.” – Dispute resolution
“They have subject-matter expertise, are cost-savvy, file prompt and comprehensive petitions, have quick response times, availability, flexibility in approach and open to feedback.” – Dispute resolution
“They are very prompt in executing instructions and in providing updates. They extend all possible assistance in ensuring that the litigations assigned are handled properly.” – Dispute resolution
“IndusLaw is always there for any sort of litigation as well as advisory required by us and has been quite proactive in providing the desired results.” – Dispute resolution
“Creative, user-friendly, diligent and professional.” – Dispute resolution
“In-depth knowledge on critical issues and provides good support in completion of arbitration tribunal proceedings.” – Energy
“They are detailed-oriented, meticulous in their work and provide a composite guideline for the matter.” – Labour and employment
“Very responsive and collaborative.” – Private equity
“Staunch advocate for their clients with an eye toward achieving a positive commercial result. Knowledgeable and up to date on the ever-changing regulatory environment. Incredibly hard-working and client oriented.” – Private equity
“Assurance that the partner has complete attention on the matter, cost-effective and timely turnaround even when the deadlines are tight.” – Private equity
“Prompt responses, holistic advice and accessibility.” – Real estate
“Excellent in-depth analysis of the title flow and they have an updated view of the land laws.” – Real estate
“IndusLaw is responsive to competing time zones and is very commercial in its advice.” – Real estate
“Experienced partners and knowledgeable workforce. Quality of work and inputs around transaction structuring is top notch.” – Real estate
“The partners are well aware of the recent developments and are always eager to learn more. They are well-versed with the laws and the court proceedings. They are great advisers with perfect strategy formulation.” – Regulatory
“They have a quick turnaround time, well-researched and drafted applications and appeals, good advisory skills to clients in matters, and are well-prepared for briefing senior counsels or counsels.” – Restructuring and insolvency
“I appreciate their detailed approach on understanding the issues and giving us precise advice.” – Tax
“Excellent breadth of expertise.” – Tax
Vatsal Agarwal
“Focused, prompt and responsible.”
Neha Balodhi
“Prompt, responsive and easily accessible.”
Ayshwarya Chandar
“She is very approachable and understands the raised concerns and comes up with good resolutions.”
Gaurav Dani
“He is a good listener and keen learner.”
Mayukh Datta
“Collaborative and responsive.”
Sushmita Gandhi
“Prompt, responsive and available.”
“She is extremely professional and excels in dissecting complex legal issues and identifying key points in disputes. She is well-known for her work in international arbitration matters and commercial litigation.”
“Knowledgeable, friendly, appreciative of feedback, and willing to work according to the client's budget.”
“Great in knowledge of the industry, legal practice, client service and ethical standards.”
“Go-getter attitude and result-oriented approach.”
“Creative, user-friendly and goal-orientated.”
“She is very responsive, and the advice given to the clients is very well-researched. She informs her clients of all possible legal implications, if any, of their actions so that the decisions taken by the client are well-informed.”
Anindya Ghosh
“Client friendly, takes a wide perspective and is flexible.”
Shweta Gupta
“Responsive, smart, thoughtful and timely.”
“Clear language, good advice and very flexible.”
“Practical advice, always reachable, timely turnaround, and assertive and polite at the same time, which has worked wonders during the negotiations with counterparty.”
Amit Jajoo
“Amit is highly recommended. Amit develops effective strategies to navigate through legal conflicts, aiming for favourable outcomes for clients.”
Suneeth Katarki
“Highly cerebral, commercially-savvy, and engaging. He is a pleasure to work with and he does deals efficiently.”
Ashwin Krishnan
“Responsive.”
Arun Kumar
“Commericial approach, responsive and calm.”
Minhaz Lokhandwala
“He is always available when you need him. He is also very poised.”
Shashi Mathews
“Very collaborative.”
Mayank Mishra
“Good communications, problem solver, in-depth knowledge and easy access.”
Ashutosh Narang
“Always makes time even if counsel is sought for outside the work they are involved in.”
“He is knowledgeable in real estate and banking and the private equity transaction space.”
Chinnappa Palecanda
“Succinct dissemination of knowledge, depth of information and problem-solving techniques.”
Sunita Rajesh
“She has in-depth knowledge of the subject and a very friendly attitude towards the clients. She is accessible anytime.”
Niket Shah
“Great responsiveness.”
Winnie Shekhar
“She is a hard worker, always available, collaborative and willing to find the middle ground. She stays focused on the material points and overall is a pleasure to work with.”
Work highlights
Represented PhonePe in relation to its fundraise of $450 million from General Atlantic in two tranches.
Acted for Jungle Ventures in relation to its investments in Atomberg Technologies.
Advised Pixis, a leading codeless AI infrastructure company, along with Chiratae Ventures, in relation to its Series C1 investment.
Key clients
Aye Finance, Busybees Logistics, Chiratae Ventures, Intelligent Retail, Prosus.
Work highlights
Represented a leading fintech service provider in a trademark infringement suit.
Acted for OrbiMed in a domain name dispute against an infringing domain name before the arbitrator as per the INDRP rules and procedures.
Work highlights
Represented a leading European investment company in execution and enforcement proceedings instituted by it for enforcement of a final decree and judgment passed by the Sharjah Federal Court in the UAE.
Acted for West Bengal Industrial Development Corporation in arbitration proceedings instituted by Tata Motors, which claims that the client failed to abide by the warranties in the lease deed by which Tata Motors was granted land in West Bengal to set up and run the Tata Nano motor car project.
Key clients
Ambra Impex, BGR Energy Systems, DBS Bank, Pune Solapur Expressways.
Work highlights
Advised PhonePe on its full ownership separation from Flipkart.
Assisted Axis Energy Ventures India on its joint venture with Brookfield.
Acted for Mahanagar Gas on its 100% shareholding acquisition in Unison Enviro.
Key clients
Addverb Technologies, Bharat Oman Refineries, Bharti Airtel, Kalaari Capital Partners, Mayfield India, Patel Infrastructure, Paragon Advisor Partners, Robosoft Technologies, Samara Capital.
Work highlights
Acted for the selling shareholders in Brainbees Solutions’ IPO.
Advised the selling shareholders in the IPO of National Securities Depository.
Represented the book running lead manages in the SAMHI Hotels IPO.
Work highlights
Acted for Power Finance Corporation on the financing extended to ReNew Photovoltaics to set up and implement solar module manufacturing plants in Jaipur, Rajasthan and Dholera, Gujarat, as well as a solar cell manufacturing plant in Dholera.
Key clients
Bangkok Bank Public Company, DBS Bank, FirstRand Bank, Hampi Expressways, Salarpuria Sattva.
Work highlights
Advised R360 Payment Services on entity formation, structuring and reorganisation of the payment business within the group, advising on the eligibility criteria, compliance and reporting requirements, associated documentation and processes, making an application for a domestic payment aggregator, and obtaining an in-principle approval and subsequent authorisation.
Assisted Aditya Birla Group and Aditya Birla Finance on developing a super app.
Key clients
Circle Technology Services, Google India Digital Services, Neblio Technologies, Nuvei.
Work highlights
Advised SVG Entertainment on negotiations for a multi-film slate deal with Jio Studios.
Represented a hybrid social media platform on matters relating to roles and responsibilities of platforms acting as intermediaries.
Work highlights
Advised Google in relation to multiple complex assignments, such as the impact of the regulatory uncertainties around cryptocurrencies on the Google PlayStore and the expansion of GPay operations.
Advised Amazon.com in relation to assistance in reviewing the master modelling agreement and booking confirmation documentation.
Key clients
Digital Collectibles, Juniper Networks, Moove Connected Mobility, New Balance India.
