AZB & Partners maintains a strong position in the Indian private equity funds and venture capital market, frequently representing major private equity houses, investors, and asset management firms on the full gamut of mandates. The group has a robust offering which encompasses early- and late-stage funding rounds, acquisitions, and investments, as well as exits, buyouts, and co-investments. Alongside its transactional capabilities, the practice also advises on regulatory issues, structuring and tax planning across a broad range of industry sectors including e-commerce, healthcare, and financial services. Co-founder Zia Mody is a key member of the department and specialises in foreign inward investments. On the tax and compliance front, Ajay Bahl is the name to note, while Ashwath Rau concentrates on private equity investments, asset management, and investment funds. The team also benefits from the aptitude of investments and exits expert Anil Kasturi, as well as Darshika Kothari — who is an authority on entry and exit strategies, foreign investment regulations, and takeovers — and venture capital specialist Srinath Dasari. Vaidhyanadhan Iyer stands out for his experience advising on public company deals and regulatory litigation, and Vinati Kastia concentrates on private equity investments.

Praised by clients for its ‘combination of technical precision, commercial acumen, and responsiveness’, the private equity and venture capital group at Cyril Amarchand Mangaldas is a powerhouse in the Indian market. The group’s wide-ranging experience encompasses domestic and cross-border transactions — including private equity and venture capital investments, entries and exits, and buyouts — regulatory matters, and transaction structuring. With its expansive offering and multijurisdictional capabilities, the practice has amassed an impressive client base comprised of notable private equity houses, investors, and financial institutions including the likes of the Blackstone Group and Goldman Sachs. Cyril Shroff heads up the department and stands out for his investment and takeover prowess. He is supported by Reeba Chacko who regularly represents global private equity funds on acquisitions, investment strategies, and regulatory matters, with a particular focus on the real estate, retail, and e-commerce sectors. On the equity investment and late-stage investment front, Ravindra Bandhakavi is the key contact, while Vandana Sekhri is sought after by promoters, corporate entities, and investors for her expertise in fundraising and acquisitions. Other core practitioners in the team include Ruetveij Pandya, L. Viswanathan, and S. Harish, alongside Aditi Manchanda.

Khaitan & Co LLP has a comprehensive private equity, venture capital, and investment fund offering, allowing the team to advise on fund formation, primary and secondary transactions, and exit strategies, as well as regulatory and tax compliance, due diligence, and wind-ups. Core members of the practice include Haigreve Khaitan, Siddharth Shah, and Sanjay Khan Nagra.

Shardul Amarchand Mangaldas & Co is home to a well-experienced team of private equity and venture capital practitioners who come highly recommended for their ‘commerciality and legal expertise’. The practice spans the full life-cycle of investments, from early-stage investments right through to exits, and its wide-ranging capabilities have amassed an extensive and impressive client roster comprised of notable public and private companies, private equity houses, and sponsors. Shardul Shroff heads up the group in New Delhi, while in Mumbai Akshay Chudasama and Raghubir Menon spearhead the department. Menon stands out in particular for his expertise advising corporates, sovereign wealth funds, and private equity funds on domestic and cross-border transactions including investments, acquisitions, and funding rounds. On the venture capital and investment funds fronts, Jay Gandhi is the main contact, while Gunjan Shah focuses on private equity-backed M&A, share and business sales, and investments. Other core practitioners in the group include Karun Prakash, Manav Nagaraj, and Puja Sondhi.

Praised by clients for providing ‘technically strong and sound commercial advice’, the private equity practice at Trilegal has a longstanding reputation for assisting with high-value and high-profile transactions, both domestically and internationally. The group’s offering spans primary and secondary investments, divestments, and buyouts, as well as private equity-backed M&A, fund formations, and joint ventures. With wide-ranging capabilities, the department is sought after by a growing client roster which is made up of notable private equity houses, sovereign wealth funds, and institutional investors. At the helm of the team is Yogesh Singh, who has considerable experience advising on exit strategies, reverse flips, and foreign direct investments. He is supported by corporate governance and regulatory expert Nishant Parikh, cross-border private equity and venture capital deal authority Amit Khansaheb, and Sneha Vardhan, who specialises in investment structuring, co-investments, and exits, alongside M&A. On the distressed asset acquisition front, Vaibhav Kothari is the key contact, while Ankit Kejriwal concentrates on private equity-backed mergers and partial exits. Other key members of the practice include takeover and investments specialist Sanjam Arora and sales and direct equity investments adviser Ankush Goyal. Aditya Jha is another core practitioner. The team welcomed Abhishek Guha, Tanya Uppal and Mahesh Wasadikar in 2025, all of who have joined from Shardul Amarchand Mangaldas & Co.

Sought after for its ‘responsive, pragmatic, and focused’ approach, CMS INDUSLAW’s private equity funds department is a solid choice for investment funds, startups, and financial services groups seeking assistance with early- and late-stage investments, exits, and sales. The practice’s experience advising on high-value, cross-border transactions, alongside its broad offering, continues to attract new clients to its roster, which consists of notable venture capital funds and technology businesses. One of the key contacts in the team is Rashi Saraf who stands out for her expansive expertise, which encompasses regulatory issues, transaction structuring, and investments as well as share and business acquisitions, structured exits, and joint ventures. On the business transfer front, Minhaz Lokhandwala is the name to note, while Aakash Dasgupta is adept at leading on private equity and venture capital investments, fundraising, and transactional disputes. Other core practitioners in the department include foreign direct investments expert Shantanu Jindel, fund investments specialist Winnie Shekhar, and Suneeth Katarki who is an authority in the technology regulations space.

With considerable experience advising on high-value and high-profile transactions, both domestically and internationally, the private equity practice at JSA Advocates & Solicitors is sought after by impressive banking and finance institutions, credit management groups, and private equity funds. The team employs a multidisciplinary approach to provide a robust offering which encompasses early- and late-stage investments, divestitures, and funding rounds, as well as private equity-backed M&A, tax matters, and regulatory issues. Sidharrth Shankar heads up the Gurugram office and stands out for his expertise in handling inbound and outbound investments, foreign direct investments, and joint ventures, alongside strategic alliances, and compliance. In Bengaluru, Probir Roy Chowdhury leads the department and specialises in private equity and venture capital deals including deal structuring, foreign exchange regulations, and market entry strategies, with a particular focus on the TMT sector. Other core practitioners in the team include minority growth investment and buyout specialist Vikram Raghani, portfolio management and regulatory compliance authority Manvinder Singh, and multijurisdictional transaction expert Prakriti Jaiswal.

The 'highly knowledgeable' corporate team at Samvad Partners leverages the firm's national presence — with offices across Mumbai, Bangalore, and New Delhi — to provide a robust offering which spans private equity and venture capital transactions, both domestic and cross-border, as well as funding rounds, exits, secondary acquisitions, portfolio sales, and pre-IPO structuring. With wide-ranging expertise complementing the group's international capabilities and experience in handling high-value and high-profile mandates, the practice is well-equipped to advise start-ups, private equity funds, and promoters across a variety of sectors including fintech, logistics, and healthcare. In Mumbai, Vineetha MG heads up the department and is sought after by onshore and offshore investment funds seeking assistance with exits, fundraising, and investments. Co-leading the team in Bangalore are Nivedita Nivargi and Neela Badami, both of whom specialise in seed investments, governance matters, and exits. Ashwini Vittalachar spearheads the New Delhi office and stands out for her breadth of practice, which encompasses pre-IPO rounds, consolidations, and acquisitions, alongside seed investments, co-investments, and exits.

Bharucha & Partners' investment funds group is geared to support on a wide array of matters related to share sales, secondary acquisitions, and investments, as well as fundraising, share and securities subscription agreements, and due diligence. The practice predominantly represents private equity funds, corporate groups receiving investments, and private credit funds, and its robust offering continues to attract new clients. At the helm of the department is Mumbai-based Vandana Pai who advises on private equity deals across a range of sectors including real estate, financial services, and technology. She is adept at handling domestic investments and exits, alongside overseas investments and investments by non-residents. In Bengaluru, Swathi Girimaji is the name to note, holding considerable experience assisting with early- and late-stage fundraising, private equity structuring, and start-up governance. The team also benefits from the transactional prowess of Parag Bhide who is based in Mumbai.

With expertise in domestic and cross-border fundraising, share sales, and investments, as well as acquisitions and secondary acquisitions, Nishith Desai Associates is a solid choice for private equity funds, venture capital firms, and asset management groups seeking assistance on private equity and venture capital deals. Founding partner Nishith Desai heads up the Mumbai office alongside foreign investment and takeover specialist Viral Mehta, onshore and offshore investment authority Nishchal Joshipura, and acquisitions expert Harshita Srivastava. New Delhi’s Parul Jain is adept at advising on the tax elements of private equity deals, while Mumbai-based Radhika Parikh concentrates on fund formation. Ipsita Agarwalla, who is based in New Delhi, is another notable name in the group and specialises in structuring and setting up onshore and offshore funds for private equity and venture capital firms. Nandini Pathak, Ayushi Pandey, and Ratnadeep Roychowdhury are no longer at the firm.

'Responsive and clear' with 'quick turnaround,' the private equity team at S&R Associates is relied upon by international and domestic private equity and venture capital funds, ESG investors, and sovereign wealth funds seeking advice on high-value and high-profile transactions. The practice has extensive experience advising on multijurisdictional acquisitions, investments, and interest transfers, as well as sales, partnerships, and due diligence. A key practitioner in the group is Sudip Mahapatra who is praised by clients for his 'excellent technical ability and a pleasant disposition', and specialises in buyouts, PIPE transactions, and growth capital investments, alongside acquisitions, joint ventures, and asset purchases. The department also benefits from the aptitude of private equity and venture capital investment authority Radhika Iyer, M&A expert Sanjeev Adlakha, and investment funds specialist Swapneil Akut. Other core members of the team include Raya Hazarika, Rajat Sethi, and Venkatesh Vijayaraghavan.

Regarded by clients as a 'one-stop shop' for all private equity and venture capital fund mandates, Spice Route Legal has a robust offering which encompasses pre-IPO fundraising, investments, and early- and late-stage funding rounds, as well as secondary transactions, equity fundraising, and sales. With considerable experience assisting with a variety of high-value and high-profile transactions, both domestically and internationally, the group is sought after by an expanding client roster comprised of investors, promoters, and established businesses from the financial services, technology, and pharma sectors. Co-leading the practice are Praveen Raju and Mathew Chacko, both of whom are adept at handling funding rounds, acquisitions, and joint ventures, alongside investments and advisory matters. They are supported by venture capital specialist Harsh Kumra — who regularly aids on deals within the technology sector — and sustainability, alternative energy, and mobility authority Janhavi Joshi.

ALMT Legal's private equity practice stands out for its 'in-depth, nuanced knowledge' and 'multidisciplinary approach' to transactions. The group, co-led by Statira Ranina and Dhanya Menon, is capable of handling private equity and venture capital investments, exits, and sales, as well as early-stage funding rounds, debenture funding, and advisory matters. Its robust offering and experience leading on high-profile mandates continue to attract new clients to its roster which is made up of ESG funds, technology companies, and venture capital funds. Ranina concentrates on assisting domestic and foreign funds, promoters, and businesses with investments, setting up funds, and fund structuring, while Menon is sought after for her expertise in cross-border investments, joint ventures, and M&A. Other core practitioners in the team include Rajat Bopaiah, Aliff Fazelbhoy, and S Arun.

Stratage Law’s private equity practice is praised by clients for being ‘responsive’ and ‘approachable’, and having ‘comprehensive knowledge of structuring, legal matters, and details’. The team is well-equipped to assist investors, funds, and financial institutions on acquisitions, share transfers, and secondary investments, as well as funding rounds, sales, and equity shares subscriptions. Heading up the department is the ‘stellar’ Darshan Upadhyay who is noted for his expertise in private equity and venture capital investments, acquisitions, and joint ventures. The group also benefits from the aptitude of the ‘focused’ Bhavin Gada who concentrates on fund formations, public and private investments, and M&A, as well as compliance, governance, and regulatory issues. Other key practitioners include structured investment expert Shyam Pandya, fund formation specialist Soumya Shanker, and fundraising authority Anisha Shroff.

Employing a 'multidimensional approach to solve pain points like novel deal structures', Argus Partners is relied upon by a growing client base consisting of private equity and venture capital funds, investee companies, and investors. The practice's offering encompasses fundraising, stake sales, and acquisitions, as well as investments, exits, and fund formations, and it is capable of handling transactions domestically and internationally. Mumbai's Abhinav Bhalaik and Aayush Kumar are key contacts in the group and specialise in high-value funding rounds, investments, and acquisitions, while Adity Chaudhury concentrates on share sales, acquisitions, and public bids. Other core practitioners in the department include Bengaluru-based Anantha Krishnan Iyer, Anindya Ghosh, and Ankit Guha.

With considerable experience advising on investments in the healthcare, packaging, and technology sectors, the private equity and venture capital team at Economic Laws Practice is sought after by a client base consisting of investment managers, promoters, and portfolio companies. Alongside its investment prowess, the group also offers assistance with funding rounds, acquisitions, and advisory matters. Suhail Nathani co-heads the practice with Yashojit Mitra and specialises in M&A and regulatory issues. Mitra is the go-to for multijurisdictional acquisitions, private equity transactions, and compliance. Other core practitioners in the department include foreign investment experts Vinay Butani and Manendra Singh, as well as sales specialist Abhishek Sanyal.

Noted for its 'excellent responsiveness and support', Phoenix Legal is capable of handling private equity investments, fundraising, and public investments, as well as regulatory compliance, governance, and commercial contracts. Key members of the team — which is turned to by private equity funds, financial institutions, and international businesses — include Mumbai's Sawant Singh, Rahul Deodhar, and Ashima Dewan, alongside New Delhi-based Pranav Srivastava and Sumit Sinha.

The private equity and venture capital group at Saraf and Partners is praised by clients for its 'full-spectrum support of investment lifecycle needs—from early-stage funding to complex cross-border exits'. Its breadth of expertise spans primary and secondary investments, buyouts, and pre-IPO investments, alongside distressed asset acquisitions, minority investments, and regulatory compliance. Founding partner Mohit Saraf sits at the helm of the practice with M&A authority Bikash Jhawar and investment specialist Vikrant Kumar.

Ahlawat & Associates, spearheaded by New Delhi's Uday Singh Ahlawat and Sheena Ogra, is well-equipped to handle private equity investments, early- and late-stage funding rounds, and investment structuring. Ahlawat is noted for his fund formation prowess, alongside his experience advising on inbound and outbound investments, while Ogra concentrates on setting up business operations in India, foreign investment laws, and business transfers.

Aretha Legal has a solid venture capital group, capable of advising on cross-border investments, funding rounds, and private equity-backed acquisitions. The team's expertise has amassed an extensive and growing client roster, comprising venture capital firms, private equity houses, and corporates, alongside start-ups and investment funds. New Delhi's Nitin Gera heads up the practice and stands out for his aptitude for private equity and venture capital deals, with a particular focus on the consumer goods, ecommerce, and fintech sectors.

Bombay Law Chambers demonstrates proficiencies across a host of private equity and venture capital investments on both the buy and sell sides. The team is co-led by cross-border specialist partner Karan Kalra, seed funding expert Dipanshu Singhal, investment funds authority Abhinav Harlalka, and Parag Srivastava, who is adept at advising on leveraged buyouts.

The private equity group at Pioneer Legal has experience advising funds and investors on acquisitions, sales, and investments across a variety of industry sectors including financial services, healthcare, and education. Satish Kishanchandani sits at the helm of the practice alongside Pritha Jha and stands out for his expertise in acquisitions, joint ventures, and restructurings. Jha is noted for her private equity investment prowess, and has a particular focus on the advertising and media sectors. Other key practitioners in the department include Anupam Shukla, Shoubhik Dasgupta, and Narendra Dingankar.

Described by clients as being 'approachable, reliable, and easy to talk to', Talwar Thakore & Associates is a good choice for private equity and venture capital funds, financial institutions, and investors seeking assistance with acquisitions, investments, and fundraising, as well as exits, sales, and restructurings. With no formal practice heads, Gautam Saha is the main contact in the practice and specialises in M&A, private equity investments, and debt and equity financings. On the exit front, Sachin Mehta is the name to note, while Amrita Patnaik focuses on debt and equity deals.

Tempus Law has a good private equity and venture capital offering which spans stake sales, fundraising, and investments, as well as acquisitions, share subscription agreements, and due diligence. The group is sought after by a growing client roster which is made up of funds and investee companies. Sundari Pisupati co-leads the practice alongside Raviprasad Pisupati and specialises in cross-border M&A, transaction structuring, and overseas direct investments. Pisupati stands out for his joint ventures, restructuring, and amalgamations prowess. The department also benefits from the aptitude of Raghav Agarwal and Kamesh Vedula.

Noted for its 'depth of expertise', 'personalised services' and 'partner engagement', Wadia Ghandy & Co has amassed a notable client roster which consists of financial services groups, private equity and venture capital funds, and investors. The group is sought after for its broad capabilities which encompass fundraising, investments, and sales, as well as acquisitions, SPAs, and regulatory compliance. Ashish Ahuja heads up the practice and concentrates on M&A within the banking and finance and TMT sectors. On the fund formation front, Rohini Verma is the go-to, while Sriram Ramachandran specialises in share purchases.