Firms To Watch: Commercial, corporate and M&A

Commercial, corporate and M&A in India

GOYEL & GOYAL

Akshit Goyal leads the Delhi operations of GOYEL & GOYAL‘s corporate, commercial and M&A team, specialising in venture capital work, from early-stage funds, micro-VCs, strategic investors and angel syndicates.

KNM & Partners, Law Offices

Mukesh Kumar and Mukesh Singhal lead KNM & Partners, Law Offices commercial, corporate and M&A team, brining over two decades each in practice. Kumar specialises in corporate, taxation and foreign exchange laws while Singhal advances the team’s abilities in real estate transactions, due diligence, regulatory compliance, labour laws and IP matters.

Rayasa Law Partners

Based in Delhi, Rayasa Law Partners focuses on M&A transactions. Subodh Sadana, Neha Yadav, Sangeet Rai and Poonam Sadana jointly lead the practice.

Sarvaank Associates

Sarvaank Associates is a boutique firm that specialises in advising start-ups with advisory services across the AI, defence and aerospace, semiconductor, EV and biofuels industries, led by Ankita Singh.

Sagus Legal

Sagus Legal's commercial, corporate and M&A team stands outs for their ability across facilitating company entry and exits in India, business restructurings, public and private M&A, joint venture agreements, private equity deals and venture capital investments. The team regularly works in the manufacturing, pharmaceuticals, energy, infrastructure, power, automotive, healthcare, fintech and financial services sectors, acting for start-ups to large conglomerates. Shruti Kanodia, with nearly two decades of experience in senior management employment, public and private M&A, PE and VC matters, NBFC finance and restructuring, is the practice head.

Responsables de la pratique:

Shruti Kanodia


Autres avocats clés:

Amrita Bakhshi


Principaux clients

Jubilant Motorworks Group


Vituscare Medlife Private Limited


Akriti Jewelcraftz Private Limited


⁠Nutrabay Retail Private Limited


Lenskart Solutions Private Limited


Kedaara Capital


⁠Sunbeam Lightweighting Solutions Pvt. Ltd xx


GOAT Brand Labs Pte. Limited xx


Principaux dossiers


  • Advise Jubilant Motorworks Group on a pivotal composite scheme of arrangement involving the merger and demerger of specific business undertakings and companies with the group holding company.
  • Advised Vituscare on raising of fresh equity funding from existing shareholders and new investors by way of private placement of convertible preference shares in its Series A1 investment and also issue of equity shares.
  • Advised Kedaara Capital in the successful sale of Sunbeam Lightweighting Solutions Pvt. Ltd to Craftsman Automation.

Aekom Legal

Aekom Legal's commercial, corporate and M&A team excels in corporate structuring, contract negotiation, foreign investments and regulatory compliance. ESG transactions, start-up structuring, the data economy and cross-border restructurings have been the key focus for the team in the past year. The team is led by Satwinder Singh, bringing more than three decades of experienced in corporate law, investment frameworks and regulatory compliance; Kalpit Khandelwal, a specialist adviser to the manufacturing, IT, healthcare, real estate, NBFC, hospitality and FMCG sectors; and Lokesh Dhyani, who rounds the team's abilities in M&A, securities regulations, FEMA matters and advising on the full corporate lifecycle.

Responsables de la pratique:

Satwinder Singh; Kalpit Khandelwal; Lokesh Dhyani


Principaux clients

Capital Trust Limited


Rico Auto Industries Limited


Orchid Pharma Limited


WOTA Corp.


Rich Earth Gastrans Private Limited


RBSA Advisors LLP


SIDBI (Small Industries Development Bank of India)


Tirupati Medicare Limited


Pavilions & Interiors (India) Private Limited


City Park Hotels Private Limited


HR Offshoring Ventures Pte Ltd


Ashdan Developers Private Limited


Dhariwal Buildtech Limited


JK Tyre & Industries Ltd.


DMG Finance and Investments Private Limited


Findoc Group


Hampton Sky Realty Limited


Amber Group India


Translumina Therapeutics Limited


Global Health Limited


Om Logistics Limited


Max Healthcare Institute Limited


Hindustan Power Exchange Limited


Sterling Tools Limited


HCL Technologies Limited


SMIC Auto Parts Private Limited


Patanjali Foods Limited


Bharat Petroleum Limited


Modi Rubber Limited


Principaux dossiers


  • Advised Integris Health Private Limited, the holding company of Translumina Therapeutics, in its successful fundraising.
  • Advised Il Jin Electronics (India) Private Limited, a material subsidiary of Amber Enterprises India Limited, in its landmark joint venture with Korea Circuit Co. Ltd. (KCC).
  • Advised Global Health Limited, a public listed company operating India’s renowned Medanta hospitals, in a court approved merger under Sections 230–232 of the Companies Act, 2013, wherein Medanta Holdings Private Limited, was merged into GHL.

Burgeon Law

Ketan Mukhija left Dentons Link Legal in May 2024 and Guneet Singh Chada left Larsen & Toubro in April 2025 to head Burgeon Law‘s fast-growing corporate, commercial and M&A practice. Specialising in corporate governance, regulatory compliance and commercial transactions, the team often works in the construction, infrastructure, financial services, technology and energy sectors. Mukhija rounds the team’s PE and VC transactional abilities, while Singh Chadha is a general corporate specialist. Shorya Singhal, experienced in data protection and IT, and Marvel Soni, a PE, VC and corporate specialist, are standout practitioners. Anish Jaipuriar left the firm in September 2025.

Responsables de la pratique:

Ketan Mukhija; Guneet Singh Chadha


Autres avocats clés:

Shorya Singhal; Marvel Soni


Principaux clients

TWO Family Office


Swach Environment


Global Network Inc


Principaux dossiers


  • Advised Swach Environment Private Limited in its exit from Nangloi Water Services Private Limited by way of sale of its entire stake to Veolia India Private Limited.
  • Advised Global Network Inc. in the acquisition of a 100% equity stake in Naza Communications Sdn Bhd from Naza Corporation Holdings Sdn Bhd, through its special purpose vehicle.
  • Advised TWO Family Office in its acquisition of stake in Softtech Engineers Limited, a listed company on NSE and BSE.

Dhwaj & Associates

Dhwaj & Associates‘s commercial, corporate and M&A team is known for their work in FDI, joint ventures, PE and venture capital work in the real estate, infrastructure, projects, IP, information technology, media and entertainment sectors. From Noida, Gaurav Dhwaj, the firm’s founder and managing partner, specialising in TMT, privacy, data protection and the regulatory aspects of transaction, and Garima Sharma, an indirect taxes expert and key adviser to domestic and multinational clients across the real estate, telecom, transportation, tech and insurance sectors. Shilpi J is the practice’s third co-head, experienced in M&A, capital market transactions and qualified institutional placements.

Responsables de la pratique:

Gaurav Dhwaj; Shilpi J; Garima Sharma


Principaux clients

Assam Electronics Development Corporation Limited (AMTRON)


August Jewellery Private Limited


McCormick Foods India Private Limited


Powernet Communication Private Limited


Paycraft Solutions Private Limited


Datamatics Global Services Limited


Microsense Private Limited


Cedreto Marketing Private Limited


Ibus Network & Infrastructure Private Limited


Mindgate Solutions Private Limited


Quantumbit Technologies Private Limited


Vivacious Consultants


Shroonius Nutricare LLP


DAHL India Mobiles Private Limited


Fortune Marketing Private Limited


Startup Craft Private Limited


Agatsa Software Private Limited


Simple Logic IT Private Limited


Harrow Sourcing India Private Limited


MoneyVyapar Consultancy Private Limited


Trisol Red Infraventures Private Limited


Chiripal Poly Films Limited


Tinymart Global Private Limited


Principaux dossiers


  • Advised Paycraft Solutions Private Limited in its strategic collaboration with the Roads & Transport Authority, Government of Malaysia.
  • Advise Fortune Marketing Private Limited on a joint venture investment involving a foreign investor from a country sharing a land border with India, including compliance with regulatory requirements under the FDI policy.

Hammurabi & Solomon Partners

From structuring M&A transactions, share purchase agreements and shareholder agreements to advising clients on regulatory issues, joint ventures and PE investments, Hammurabi & Solomon Partners is experienced in the full spectrum of commercial, corporate and M&A matters. Shweta Bharti, the firm’s managing partner, is at the team’s helm, bringing deep experience advising boards, promoters and PE investors in corporate governance, ESG regulations and transactional structuring. Other key team members include Amit Verma, a specialist in structuring, M&A, PE and venture capital transactions and start-up advisory work, and Ashutosh Das, a liquor laws and M&A expert for consumer brands in India.

Responsables de la pratique:

Shweta Bharti


Autres avocats clés:

Amit Verma; Ashutosh Das


Principaux clients

Unitrade Holding Limited


HBI Group


Nass Magnet india pvt. Ltd.


Suzlon Energy Limited


Origami Cellulo Private Limited


Liberty Steel Group


Bharat Forge


Lunarbounds Pvt. Ltd.


One Turf Universe Pvt. Ltd.


Boston Scientific India Private Limited


Cosmo First Limited


Allasons Private Limited


Ambuja Cement


Dentsu Aegis Network India Pvt. Ltd.


Viewray India Pvt. Ltd.


Principaux dossiers


  • Advised Unitrade Holding Limited on incorporating its Wholly Owned Subsidiary in India.
  • Advised Nass Magnet GmbH on establishing a joint venture in India with Holding Kirchheim GmbH + Co. KG and n-Gen Automation.
  • Advised Origami Cellulo Private Limited on contract drafting and negotiations.

Sarthak Advocates & Solicitors

Sarthak Advocates & Solicitors commercial, corporate and M&A team supports clients on the entire lifecycle of a transaction, particularly in the energy, manufacturing, tech and consumer services sectors. Investors, investee companies, angel and seed investments, VC and PE firms engage the team for support across transaction, debt and equity structuring, demergers, share and asset acquisitions and more. Specialising in M&A, capital raising, corporate governance and corporate advisory, Abhishek Nath Tripathi leads the practice. Anubhav Tiwari, a seasoned M&A, PE, venture capital, EPC contracts and project finance practitioner, and Payal Dayal, bolstering the team’s ability in cross-border transactions, FDI and investment funds, are the team’s key contacts.

Responsables de la pratique:

Abhishek Nath Tripathi


Autres avocats clés:

Anubhav Tiwari; Payal Dayal


Les références

‘The team’s leadership is quite knowledgeable and focused on clients’ best interest, rooted in strong legal knowledge and research.’

‘Sarthak’s practice is focused on the best outcomes for the clients, but at the same time they don’t sugarcoat what the situation is.’

‘They don’t hold back in putting out the bad news along with the good, the possible range of outcomes including the negative ones, the things that are in control and those that are outside control, and are clear about sharing what needs to happen for the good outcomes.’

Principaux clients

Waaree Energies Limited


Hindustan Unilever


Fello (91 Gamefi)


REnergy Dynamics Private Limited


SNAP Energy Solutions Sdn Bhd (Malaysia)


Airworks India Private Limited


SunSource Energy Private Limited


Sunstone Education Technology Private Limited


Simplability Private Limited


Principaux dossiers


  • Advised Waaree Energies, India’s largest solar PV module manufacturer, on its strategic acquisition of Enel Green India Private Limited and its Special Purpose Vehicles, marking its entry into the renewable energy sector as a developer.
  • Advised Hindustan Unilever Limited on its acquisition of the entire business operations of Vishwatej Oil Industries, a key player in the Indian palm oil sector.

Aretha Legal

Aretha Legal‘s commercial, corporate and M&A team is known for abilities in the PE and venture capital space, acting for leading VC funds and foreign investors in cross-border matters intersecting in Delhi. Firm co-founder, Nitin Gera, specialising in M&A, PE and VC deals, foreign investment and general corporate and commercial matters, leads the team. The team is supported by Ray Vikram Nath, experienced in litigation and cross-border transactions for Indian and international companies, Divya Jyoti Mehra, adding to the team’s specialism in PE and VC investments.

Responsables de la pratique:

Nitin Gera


Autres avocats clés:

Vikram Nath; Divya Jyoti Mehra


Principaux clients

Peak XV


Everest Blower Systems Private Limited


Finnable Credit Private Limited


Netrasemi


OrbitAID


Pravega Ventures


Bplus Career Private Limited (BorderPlus)


Naturell (India) Private Limited (RiteBite Max Protein)


Shriram Pistons & Rings Ltd (SPRL)


Paytm E-commerce Private Limited


Vertex Ventures SEA Fund V Pte. Ltd.


Carl Zeiss AG


AMP Energy India Private Limited


MedGenome Labs Limited


Abakkus Asset Manager Private Limited


Honasa Consumer Limited (Mama Earth)


Koye Pharmaceuticals Private Limited


Ark Impact Asset Management Inc


Surfboats Solutions Private Limited (Smytten)


United Exports


Stellaris Ventures Partners


Salter Technologies Private Limited


IMM Fund


Principaux dossiers


  • Advised Peak XV on Finova Capital’s $135m fundraise from foreign investors including Avataar Venture Partners, Sofina, and Madison India.
  • Advised Naturell (India) Private Limited and its promoters on their $46.8m acquisition by Zydus Wellness.
  • Advised Peak XV in Lean Technologies’ $67.5m Series B round led by General Catalyst.

Goswami & Nigam LLP

A boutique corporate firm, Goswami & Nigam LLP‘s corporate, commercial and M&A team specialise in M&A, FDI, new company entries into the Indian market and structuring cross-border and domestic transactions, especially in the real estate sector. At the helm Himanshu Goswami, the practice head, is a reference for clients in foreign investment, cross-border transactions, M&A and real estate law. Across commercial arbitration and litigation, labour law and representing transnational corporations, Nishant Nigam is the team’s second in command.

Responsables de la pratique:

Himanshu Goswami


Autres avocats clés:

Nishant Nigam


Principaux dossiers


  • Advised M/s Affinity Builders & Promoters on regulatory compliance under the Real Estate (Regulation and Development) Act, 2016, relating to the development and monetisation of commercial and residential assets across India.
  • Advised M/s Vajram Estates Private Limited, a South India-based real estate developer, on regulatory compliance under the Real Estate (Regulation and Development) Act, 2016, in connection with the development and sale of commercial and residential assets.
  • Advised New Chandigarh Infra LLP, a leading real estate developer in Punjab and Delhi NCR, on regulatory compliance under the Real Estate (Regulation and Development) Act, 2016, related to the development and sale of commercial and residential assets.

Maheshwari & Co. Advocates & Legal Consultants

Jyotsna Chaturvedi leads the Delhi operations of Maheshwari & Co. Advocates & Legal Consultants‘s commercial, corporate and M&A. Corporate, start-ups and international businesses utilise the team’s services across M&A and demergers, joint venture formations, PE and venture capital transactions and corporate governance. Chaturvedi brings over fifteen years working in M&A, joint ventures, corporate restructuring, venture capital and PE and assistance to the tech industry. Ketan Joshi, specialising in start-up incorporation, trademark registration and IP portfolio management, is another standout practitioner on the team.

Responsables de la pratique:

Jyotsna Chaturvedi; Dhananjay Anant Athavale


Autres avocats clés:

Ketan Joshi


Les références

‘Maheshwari & Co’s professional work ethic, attention to detail, and willingness to take responsibility, from the beginning until the very end, made the entire process hassle-free.’

‘Their professionalism and willingness to go above and beyond to understand the client’s needs in incredible detail makes them standout.’

Principaux clients

Wireless DNA Inc.


Principaux dossiers


  • Assisted Wireless DNA Inc. with entering the Indian market, making sure they followed all key government rules including foreign investment laws and telecom-related regulations.

Ahlawat & Associates

Across the technology, TMT, e-commerce, pharmaceuticals, healthcare, real estate, manufacturing and consumer goods sectors, Ahlawat & Associates is home to a team of growing strength in commercial, corporate and M&A mandates. Managing partner, Uday Singh Ahlawat, specialising in joint ventures, corporate restructuring, PE and fund formations, co-leads the team. Alongside him, bolstering the team's ability on the employment side of M&A transactions, from incentive schemes, stock options, maternity benefits and workplace harassment matters, is co-head Sheena Ogra.

Responsables de la pratique:

Uday Singh Ahlawat; Sheena Ogra


Les références

‘The team at A&A is highly skilled and has in-depth knowledge of the subject matter.’

‘Beside the skill set of the team, it’s their practical and solution oriented approach which makes it stand out to work with them.’

Principaux clients

JK Cement Limited (“JKCL”)


Rooter Sports Technologies Private Limited


Principaux dossiers


  • Advised JK Cement Limited on forming a strategic joint venture with Rekart Innovations for municipal waste management in Rajastha.
  • Provided end-to-end legal support to Rooter Sports Technologies, a gaming platform, through its e-commerce expansion and multi-stage fundraising.

Saga Legal

Sanika Mehra and Neeraj Vyas lead Saga Legal‘s commercial, corporate and M&A team. Leading the Delhi operations, Mehra is a specialist practitioner in contracts and agreements, real estate matters, restructuring, M&A and joint ventures. From start-ups and growth-stage companies to investors and entrepreneurs, the team advises on the full range of corporate matters, including regulatory compliance, contract review and due diligence reviews.

Responsables de la pratique:

Sanika Mehra; Neeraj Vyas


Principaux clients

Unscript AI Private Limited


Guardians EMS Private Limited


Floworks Solutions Private Limited


Talent on Lease Private Limited


VIVI5 Studios


Yamuna International Airport Private Limited


Beaumanoir India Private Limited


Cesim India Private Limited


Pep Technologies Pvt. Limited


Blue Santos Technologies Pvt. Ltd.


Diebold Nixdorf Pvt. Ltd.


Kamyaab Hospitality


Trident Machinery


Rainmakers Workspace Pvt. Ltd.


Drone Works India


Suraksha Asset Reconstruction Ltd.


Kouzina Food Tech Private Limited