Shardul Amarchand Mangaldas & Co

What Shardul Amarchand Mangaldas & Co does

Shardul Amarchand Mangaldas & Co (SAM) is a full-service Indian law firm operating as a partnership, tracing its lineage to 1921 and restructured under its current form in 2015. The firm delivers legal advisory across 10 national practice groups—General Corporate, Private Equity, Banking & Finance, Insolvency & Restructuring, Competition Law, Dispute Resolution, Infrastructure/Energy/Project Finance, Capital Markets, Tax, and Intellectual Property—staffed by 186 partners and 937 lawyers across 10 offices in 7 cities (New Delhi, Mumbai, Gurugram, Bengaluru, Ahmedabad, Kolkata, Chennai). It serves large domestic corporates, multinationals, financial institutions, PE sponsors, government entities, and creditors in distress, with demonstrated work on marquee Indian transactions including the Reliance-Disney USD 8.5 billion joint venture, Hyundai's ₹27,856 crore IPO (2024), and LIC's ₹20,550 crore IPO (2022).

The firm's technology stack centers on a firm-wide deployment of Harvey AI for legal research, document analysis, and drafting, supplemented by ISO 27001:2022 certification for information security and proprietary applications for data/financial information sharing. It is the exclusive Lex Mundi member in India, providing access to partner networks across 125+ countries for cross-border mandates. The firm generates revenue exclusively through professional services fees on a matter-by-matter basis, with pricing negotiated per engagement based on complexity, scope, and transaction value; it does not disclose revenue publicly. Distribution is direct, partner-led enterprise engagement with no intermediaries, and the firm invests heavily in thought leadership (DBI Guide 2026, AI Liability Regime report, Bharat for AI essays) and government committee participation to reinforce its regulatory positioning.

Name

Shardul Amarchand Mangaldas & Co

Legal name

Shardul Amarchand Mangaldas & Co

Website

https://amsshardul.com

Company type

Private

Founded year

1921

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Shardul Amarchand Mangaldas & Co is a full-service Indian law firm with 186 partners and 937 lawyers across 7 cities, advising leading domestic and multinational corporates, financial institutions, and government bodies on M&A, capital markets, dispute resolution, and regulatory matters.

Ownership category

akta.pro rank

Product category

Legal Services

NAICS

Offices of Lawyers (541110), Offices of Lawyers (54111), Legal Services (5411)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Mergers & Acquisitions (M&A) & Securities Law (BPAHAAAI)

akta.pro secondary industries

Litigation & Dispute Valuation (damages, shareholder disputes) (FSAEAHAI), Litigation Support & Expert Witness Services (BPAHALAG)

Keywords

• Legal advisory services
• Corporate law services
• Mergers and acquisitions advisory
• Litigation and arbitration services
• Capital markets legal counsel

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Legal Advisory Services: The firm provides comprehensive legal services across multiple practice areas including M&A, capital markets, banking & finance, dispute resolution, competition law, tax, intellectual property, and insolvency & restructuring. Revenue is generated through fees for legal advisory, transaction execution, litigation services, and regulatory compliance work for corporate clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Shardul Amarchand Mangaldas & Co is a full-service Indian law firm providing integrated legal advisory, transaction execution, litigation, and regulatory compliance services across 10 national practice groups: General Corporate, Private Equity, Banking & Finance, Insolvency & Restructuring, Competition Law, Dispute Resolution, Infrastructure/Energy/Project Finance, Capital Markets, Tax, and Intellectual Property. The firm serves leading domestic and international corporations, financial institutions, and government entities on high-value corporate transactions, cross-border M&A, dispute resolution, and policy advocacy.

Product overview

Shardul Amarchand Mangaldas & Co is a full-service Indian law firm with a legacy spanning over a century, operating as a single unified practice rather than a platform-plus-modules architecture. The firm's offerings are organized across 10 national practice groups: General Corporate, Private Equity, Banking & Finance, Insolvency & Restructuring, Competition Law, Dispute Resolution, Infrastructure/Energy/Project Finance, Capital Markets, Tax, and Intellectual Property. These practice areas work collaboratively to deliver integrated legal services to clients across diverse sectors. Additionally, the firm produces research publications including the annual DBI Guide on doing business in India, AI liability reports, and sector-specific thought leadership. The firm is member of Lex Mundi, providing access to partner networks across 125+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Pankh: CSR initiative focused on child welfare policies, educating women about their legal rights, and providing pro bono legal services through collaboration with NGOs and global institutions.

Products and services

• General Corporate Practice Advisory on corporate and commercial matters including entry strategies, tax-efficient structuring, divestitures, mergers, acquisitions, private equity transactions, takeover code, and corporate governance.
• Private Equity Practice Transaction advisory for private equity funds including high-stakes and complex PE deals, multi-billion-dollar transactions, and listed company control acquisitions.
• Banking & Finance Practice Legal counsel for financial institutions on lending, distressed debt, acquisition financing, leveraged finance, debt restructuring, and financial services regulation.
• Insolvency & Restructuring Practice Advisory on corporate insolvency resolution, liquidation, distressed asset acquisition, and formal/informal restructuring procedures under India's Insolvency and Bankruptcy Code.
• Competition Law Practice Counsel on anti-competitive agreements, abuse of dominance, merger control filings, cartel investigations, and competition compliance programs.
• Dispute Resolution Practice Representation in cross-border litigation, international arbitration, domestic arbitrations, white collar crime, internal investigations, and regulatory enforcement matters.
• Infrastructure, Energy and Project Finance Practice Integrated legal representation for infrastructure sector development including power, airports, railways, oil & gas, roads, ports, water, and telecom projects.
• Capital Markets Practice Advisory on IPOs, follow-on public offers, QIPs, rights issues, offers for sale, bond offerings, REITs, InvITs, and other equity and debt securities offerings.
• Tax Practice Direct and indirect tax services including tax planning, advisory, transaction structuring, transfer pricing, GST, customs, and tax litigation.
• Intellectual Property Practice Full-spectrum IP services including patents, trademarks, copyrights, designs, IP enforcement, litigation, licensing, and IP audits.

Quantifiable outcome

• Ranked #1 in deal count and #1 in deal value in Mergermarket India League Tables 2019 & 2023
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature2 records

Partnerships

One partnership is on record.

• Lex MundicoreStrategic or Co-development PartnerShardul Amarchand Mangaldas & Co is the exclusive member firm of Lex Mundi in India. Lex Mundi is a leading global association of 160 independent law firms across more than 125 countries, providing access to over 22,000 elite lawyers in more than 700 offices. This membership enables the firm to gain insights, share knowledge, and tap into business development opportunities globally, strengthening its international outlook.

Scale indicators4 records

Others

• Nishith Desai Associates:

Direct peers

• Cyril Amarchand Mangaldas: India's largest law firm, formed in the 2015 split of the legacy Amarchand & Mangaldas firm; directly competes with SAM across M&A, capital markets, dispute resolution, banking & finance, and competition law for the same marquee clients.
• AZB & Partners: Top-tier Indian corporate law firm with deep strength in M&A, private equity, and capital markets; routinely competes with SAM on large domestic and cross-border transactions and employs former SAM partners.
• Khaitan & Co: One of India's largest full-service law firms with comparable breadth in corporate, banking, dispute resolution, and capital markets; ranked Tier 1 across many of the same practice areas as SAM.
• Trilegal: Indian full-service firm with leading corporate, capital markets, and dispute resolution practices; actively hiring from SAM (e.g., Rohit Tiwari) and competing head-to-head on high-end mandates.
• J. Sagar Associates (JSA): Full-service Indian law firm with strong M&A, banking & finance, and disputes practices; several senior practitioners moved to/from SAM and compete for the same enterprise clients.
• S&R Associates: Boutique-style Indian firm with deep corporate, capital markets, and dispute resolution expertise; competes with SAM on complex M&A and securities mandates for top-tier corporates and financial sponsors.
• Talwar Thakore & Associates: Indian firm with strong corporate, M&A, private equity, and regulatory practices; competing with SAM for mid-to-large cap deals and cross-border mandates.
• L&L Partners (formerly Luthra & Luthra): Full-service Indian law firm with comparable practice breadth across corporate, banking, dispute resolution, and infrastructure; competes with SAM in tier-1 mandates.
• Economic Laws Practice (ELP): Indian law firm with strong tax, regulatory, and corporate practices; competes with SAM on tax advisory, M&A, and cross-border transactions involving India.

Market position

Strengths5 records

Weaknesses5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ams_shardul?lang=en
• YouTubeyoutube.com/channel/UCCK39HdzKe3ZMGJ_vQGvOqw?view_as=subscriber
• LinkedInlinkedin.com/company/shardul-amarchand-mangaldas

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shardul Amarchand Mangaldas & Co