S&R Associates has market-leading capital markets, and corporate and M&A practices, and is a regular choice for selective clients. Its competition, disputes and insolvency practices are going from strength to strength every year and perform well in their respective categories in our rankings. The firm moves up a tier this year in the banking and financial services, real estate, banking and finance, dispute resolution, investment funds and labour and employment tables. The firm is not a high-volume outfit but features on big-ticket mandates that require sophisticated lawyering. Highly respected partners Sandip Bhagat, Rajat Sethi and Niti Dixit lead the capital markets, M&A and dispute resolution teams, respectively. M&A partner Mohit Gogia departed this summer for Cyril Amarchand Mangaldas.
Client feedback
“They are an experienced team, well-researched and excellent regulatory knowledge.” – Capital markets
“Best-in-class knowledge, advice and guidance on capital markets. They have a dedicated workforce, such as Jabarati Chandra and Mohnish Mathew. They always go beyond their scope to complete the transaction. The team has a positive attitude and demonstrates the best due diligence practices in capital markets transactions.” – Capital markets
“Very knowledgeable and hands-on team. They are very client-friendly and well-versed at helping clients navigate complex regulations and new situations.” – Regulatory
“Thorough research, excellent communications, and they fulfil all promises made.” – Restructuring and insolvency
“Technical, knowledgeable and responsive.” – Tax
“Ajinkya and his team at S&R provide exceptional service as our tax adviser. His team's ability to provide practical solutions to complex issues is invaluable as it enables us to make informed decisions regarding the tax implications of transactions. We greatly appreciate the team's responsiveness and efficiency. The personalised attention they demonstrate has not only made us feel valued but has also fostered a sense of trust. Their commitment to client service is truly commendable. Their depth of knowledge and comprehensive approach coupled with exceptional advocacy skills instil confidence in the accuracy and reliability of their services.” – Tax
“Good and very responsive, on the ball, good execution and overall, highly recommended.” – Tax
Swapneil Akut
“Good knowledge, experience and clear communications.”
Sandip Bhagat
“Sandip is very knowledgeable and hands-on. He is particularly good at helping clients understand nuanced areas of Indian law and regulations and advising on marquee deals and first-of-a-kind transactions.”
Mohnish Mathew
“Excellent knowledge of capital markets. He is the best on the street to advise on capital markets transaction. The top five qualities of Mohnish are (i) positive attitude, (ii) in-depth subject knowledge, (iii) easy to approach, (iv) can get work done before deadlines and, (v) he is a very nice human being.”
Ajinkya Gunjan Mishra
“Ajinkya provides exceptional service as our tax adviser. His ability to provide practical solutions to complex issues is invaluable as it enables us to make informed decisions regarding the tax implications of our transactions. We greatly appreciate his responsiveness and efficiency. The personalised attention that Ajinkya demonstrates has not only made us feel valued but has also fostered a sense of trust. Ajinkya's knowledge of the financial sector and applicable regulations enables him to apply a comprehensive approach to problem-solving. Ajinkya's exceptional advocacy skills have stood us in good stead before the Revenue and Appellate authorities.”
Riyan Vatcha
“Accessible and an active listener. Never avoids any item up for discussion or shirks responsibility. Always gets back with practicable solutions and advice.”
Sumit Bansal
“Good domain knowledge, responsive and good execution.”
Work highlights
Acted for Glenmark Pharmaceuticals on its sale of 75% of equity shares of a subsidiary to Nirma.
Key clients
ArcelorMittal Nippon Steel, Brookfield, BW LPG, Ennov, Global Health, Hitachi Payment Services, Penguin Random House, UPS, Zscaler.
Work highlights
Advised the book running lead managers in the Tata Technologies IPO.
Acted for Citigroup Global Markets India and JP Morgan India as the placement agents in the initial offer through a private placement of ordinary units by Cube Highways Trust.
Key clients
Ambit, BNP Paribas, Citigroup, HSBC Securities, IRB InvIT Fund, Kotak Mahindra, Olympus Capital Asia, Suzlon Energy, Timken Singapore, Oravel Stays.
Work highlights
Represented Grasim Industries on its issuance of sustainability-linked non-convertible debentures to IFC.
Key clients
Axis Bank, Bharat Hotels, ICICI Bank, IndoSpace Core, JSW Energy, State Bank of India, Yes Bank.