Department profile
Shardul Amarchand Mangaldas & Co

Venture Capital

Asia-Pacific Guide 2026 : India


Shardul Amarchand Mangaldas & Co

Rankings

About

Provided by Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas has one of India's most active and highly rated Private Equity practices, advising buyers and sellers across industries at every stage of the investment cycle — from fund formation and structuring to investments, portfolio management, exits and policy engagement.

The firm handles the full PE lifecycle, including growth investments, minority and majority acquisitions, buyouts, PIPEs, co-investments, downstream investments, restructurings, add-on acquisitions, management incentive schemes and fund operations across jurisdictions such as Mauritius, Singapore and Cyprus.

The firm advises global PE sponsors, sovereign wealth funds, pension funds, venture capital investors, alternative investment funds, portfolio companies, founders and start-ups across sectors including financial services, IT, e-commerce, healthcare, real estate, renewable energy, fintech and consumer products.

The practice is distinguished by its ability to manage transactions from term sheet to closing through a single point of contact model, drawing on specialists across corporate, tax, securities, IP, employment and regulatory disciplines. The team regularly engages with the RBI, CCI, SEBI and other regulators, and contributes to policy advocacy through industry bodies.

Industries (27)

  • Food and Agriculture
  • Financial Services
  • IT-ITES
  • E-commerce
  • Real Estate
  • Pharmaceuticals & Healthcare
  • Medtech & Lifesciences
  • Food & Beverage
  • Dairy & Agribusiness
  • Green Energy & Renewables
  • Oil & Gas
  • Telecommunications
  • Fintech
  • Banking & Financial Institutions
  • Housing Finance & NBFCs
  • Insurance
  • Real Estate
  • Hospitality
  • Aviation
  • Media & Entertainment
  • Gaming
  • Education
  • Logistics
  • Retail
  • FMCG
  • Mining & Metals
  • Automotive

Chambers Review

Provided by Chambers

Venture Capital - India

Band 2

Band 2


What the Team is Known For

Shardul Amarchand Mangaldas & Co has a highly qualified team of lawyers in India, representing an impressive roster of blue-chip private equity funds. The firm has formidable strength advising on high-value transactions in the technology, financial services, real estate and insurance sectors. The team also offers extensive experience in buyout and control deals as well as exits, with experience acting for an array of global private equity firms on major investments into India. The department has vast knowledge of the structuring of investments and developing exit strategies, whilst also earning recognition for its busy practice in the fundraising space, regularly assisting venture capital clients.

Work Highlights

Provided by Chambers

  • Shardul Amarchand Mangaldas & Co acted for Alpha Wave on a transaction involving an investment by Alpha Wave in Advanta Enterprises by way of a primary issuance and secondary sale by UPL.

  • Shardul Amarchand Mangaldas & Co acted for Apollo Healthco (AHL), a material subsidiary of Apollo Hospitals Enterprise, on a transaction that involved the investment by Advent International in AHL and the acquisition of a minority stake by AHL in Keimed.

Strengths

Provided by Chambers

  • They are always available and give a balanced view on what is essential versus what is desirable, which helps in quickly wrapping up the transactions.

    Venture Capital respondentAsia-Pacific
  • They have subject matter expertise and brand reputation. They command respect in the market, have confidence and eloquence during negotiations and are knowledgeable about industry practices.

    Venture Capital respondentAsia-Pacific
  • SAM are intimately connected with the financial ecosystem in India, provide excellent legal services, and act as a trusted member of the team for business, legal, strategic and common sense guidance.

    Venture Capital respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Eminent PractitionersAkshay Chudasama
    Eminent PractitionersAkshay Chudasama

    Akshay Chudasama

    Akshay Chudasama is the managing partner at Shardul Amarchand Mangaldas & Co's Mumbai office. He regularly represents leading global funds in key investments, including in the real estate sector.

    • He is a very sophisticated lawyer and boardroom adviser.

      Venture Capital respondentAsia-Pacific
  • Band 1Raghubir Menon
    Band 1Raghubir Menon

    Raghubir Menon

    Raghubir Menon is a partner at Shardul Amarchand Mangaldas & Co and is based in the firm's Mumbai office. He regularly advises leading global funds and sovereign wealth funds on blue-chip transactions in India, including in the energy and infrastructure sectors.

  • Band 3Manish Gupta
    Band 3Manish Gupta

    Manish Gupta

    Manish Gupta in Delhi focuses on early-stage deals, representing both startups and venture capital firms on investments. He has notable experience representing technology companies.
    • Manish was an extremely hands-on guy who understood the market. He was solution-oriented and his understanding was very good which really helped the clients with closing matters in a timely manner.

      Venture Capital respondentAsia-Pacific
    • He understands the legal as well as commercial issues of a deal very, very well.

      Venture Capital respondentAsia-Pacific
  • Band 4Manav Nagaraj
    Band 4Manav Nagaraj

    Manav Nagaraj

    Manav Nagaraj is a partner based in Shardul Amarchand Mangaldas & Co's Bengaluru office. He handles a full range of private equity and venture capital deals across sectors such as finance, healthcare and energy.

    • Manav was very knowledgeable and good at controlling a room and steering a meeting.

      Venture Capital respondentAsia-Pacific
    • He has a great turnaround time and he understands our needs.

      Venture Capital respondentAsia-Pacific
  • Band 4Mithun V. Thanks
    Band 4Mithun V. Thanks

    Mithun V. Thanks

    Mithun Thanks in Mumbai is well-recognised in the market for his active private equity practice and has the experience of representing large multinational clients.

    • He has been good to work with, he understands our requirements and gets how we operate.

      Venture Capital respondentAsia-Pacific
  • Band 4Nivedita Tiwari
    Band 4Nivedita Tiwari

    Nivedita Tiwari

    Nivedita Tiwari is a partner in Shardul Amarchand Mangaldas & Co's office in Delhi. She handles private equity and venture capital transactions on behalf of funds and corporates.

    • Nivedita has been very knowledgeable, assertive, sophisticated and, most importantly, a decision driver during complex negotiations.

      Venture Capital respondentAsia-Pacific

Ranked Individuals at Shardul Amarchand Mangaldas & Co (6)

India

Members

Provided by Shardul Amarchand Mangaldas & Co

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