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Touchstone Partners

Private Equity

Asia-Pacific Guide 2026 : India

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Touchstone Partners

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About

Provided by Touchstone Partners

The firm advises financial investors on early and late-stage investments in Indian businesses, and on exits as part of private sales and IPOs. Understanding the Indian market and risk appetites offers balanced inputs on commercial decisions, in tune with opportunities under evolving ARC, InvITs, and AIF regimes.

Key Clients: A leading GCC sovereign wealth fund, Tencent, Wellington Management, Investcorp, GEF Capital partners FountainVest.

Contact: Karam Daulet-Singh, Anirudh Agarwala (Mumbai), Gaurav Desaia, Uday Walia and Sameeksha Chowla (New Delhi), Yashasvi Mohanram (Bangalore).

Key Matters:

    • Wellington Management on various investments including in BlackBuck and Digit Insurance and divestments from NSE and Swiggy.
    • Investcorp on its investments in Canpac Trends and Clove Dental.
    • Tencent on over US$1.5 billion on various investments as well as exits including through on-market and secondary sales, business transfers and IPOs.
    • GEF Capital Partners on its investment in Hero Motors Limited and acquisition of a minority stake in Syrma Technology Private Limited.
    • A leading GCC sovereign wealth fund on its investment in UPL Corporation and MobiKwik.
    • Motilal Oswal Alternates on its investment in Vistaar Financial Services Private Limited.
    • Kotak Strategic Situations Fund II on securing a subscription line financing facility.
    • TPG NewQuest on its investment in Citykart Ventures Private Limited.
    • Baring Private Equity India AIF 2 on its investment in Nivara Home Finance Limited.

Chambers Review

Provided by Chambers

Private Equity - India

Band 4

What the Team is Known For

Touchstone Partners has a team of experienced private equity lawyers, covering the full range of deals, from early- to late-stage investments in India. The firm has notable expertise assisting funds and private equity firms with investments, entry and exit strategies, buyouts and venture capital matters. Acknowledged for its experience handling investments into the food, infrastructure and technology industries, the team frequently represents multinational private equity funds.

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Work Highlights

Provided by Chambers

  • Touchstone Partners advised Highway Industries, an Indian-based manufacturer of forged and precision-machined automotive and non-automotive components, and its promoters in connection with the sale of a controlling stake held by the promoters in HIL to Carlyle, a global private equity firm.

Strengths

Provided by Chambers

  • I find them very responsive. They rise to the occasion on urgent matters with commercial implications.

    Private Equity respondentAsia-Pacific

  • Touchstone Partners was very proactive in helping us tackle complex matters, and was always available round the clock for discussion. It is a very capable firm.

    Private Equity respondentAsia-Pacific

  • We have found their work to be very competent, reliable, practical and prompt.

    Private Equity respondentAsia-Pacific

Notable Practitioners

Provided by Chambers

  • Anirudh Agarwala
    Anirudh Agarwala

    Anirudh Agarwala

    Anirudh Agarwala is based in Touchstone Partners' Mumbai office. He advises both domestic and international private equity players on a variety of PE-related mandates, including acquisitions, rights packages and general advisory.

    • Anirudh brings a lot of maturity and diligence to our investment's legal process.

      Private Equity respondentAsia-Pacific

    • Through years of consistently providing top-tier advice on a range of topics and delivering results without fail, Anirudh has established himself as one of our most trusted and beloved advisers.

      Private Equity respondentAsia-Pacific
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Ranked Individuals at Touchstone Partners (1)

India

Members

Provided by Touchstone Partners

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