AZB & Partners

Private Equity Department

India
Current View:

This content is provided by Chambers. Learn more about our methodology

What the team is known for Front-running practice widely admired for its outstanding experience representing high-end international funds in all types of private equity investments. Highly sought after for its advice on the efficient structuring of investments, tax planning and regulatory issues. Notable strength advising on private equity transactions involving the financial services, real estate, healthcare and retail sectors, particularly those with cross-border aspects. Clients benefit from the strength of the firm in related areas such as fund formation and capital markets. Also has a thriving venture capital practice, handling early and late stage investments.

Strengths An impressed client lauds the team's "vast experience, strong legal and commercial insights, and its ability to effectively handle complex negotiations and transactions."

Another source reports that "they have a great amount of resources that they can use to execute a deal, with great leaders in the firm who are always readily available to speak."

Work highlights Represented Brookfield Asset Management in its USD3.5 billion investment in units issued by Tower Infrastructure Trust, towards a 100% holding of issued and paid-up equity share capital of Reliance Jio Infratel.

Notable practitioners


Ajay Bahl
is the firm's co-founder and often represents leading international clients. He has strong expertise relating to the tax and regulatory issues associated with private equity transactions in India.


Anil Kasturi
has a market-leading private equity and venture capital practice, typically acting on deals across multiple sectors, including transportation, TMT, finance and real estate. A commentator reports that "he has great clients in the private equity space and is doing fantastic work."


Ashwath Rau
is entrusted by leading global private equity houses to handle complex investments, including fund formation and fund restructuring matters. One client reports that "he has been a very helpful resource and thought partner to us," whilst another interviewee describes him as "one of the most well-respected corporate lawyers in India, who is highly knowledgeable and experienced."


Darshika Kothari
is entrusted by leading international private equity investors and pension funds for their key transactions in India. With strong expertise in associated regulatory issues, she handles deals in various sectors, including life sciences.


Gautam Saha
has a top-tier market reputation for his private equity practice, regularly advising top international and domestic clients on investments in such sectors as energy, telecoms, healthcare and technology. An impressed commentator says that "his approach is simplifying complexity," adding that "he is very solution-oriented and focused."


Sai Krishna Bharathan
earns good market recognition for his handling of fund formation, particularly in the real estate sector. His clients include sovereign wealth funds and private equity houses.


Srinath Dasari
is highly active in the venture capital space, including early and late stage investments, as well as on traditional private equity transactions. His clients include leading private equity investors and hedge funds.


Zia Mody
is a co-founding partner of the firm and is highly adept in the handling of big-ticket private equity and corporate transactions. A source attests: "I have known Zia for a long time and regard her extremely highly."