What Talwar Thakore & Associates does

Talwar Thakore & Associates (TT&A) is an Indian full-service corporate law firm established in 2007 and headquartered in Mumbai, with additional offices in New Delhi and Bengaluru. The firm advises Indian and international clients on complex transactions and advisory mandates spanning Corporate & M&A, Banking & Finance, Capital Markets, Competition, Projects/Infrastructure & Energy, Disputes, Regulatory, and Tax. Practice is organised around eight industry verticals — Automotive, Consumer Industries, Financial Institutions Group (FIG), Fintech, Insurance, Pharmaceutical/Healthcare/Life Sciences, TMT, and Projects/Infrastructure/Energy — allowing partner-led teams to support cross-border M&A, structured financings, capital markets issuances, regulatory clearances, project finance, and disputes.

TT&A's economic model is a traditional partnership-based professional services firm, billing enterprise clients on hourly rates and transaction-based fees. The firm is equity-partner owned with no external PE/VC backing and over 30 equity partners distributed across offices, led by Joint Managing Partners Kunal Thakore (Mumbai) and Gautam Saha (Delhi). Marquee mandates include the USD 12 billion financing for Sun Pharma's acquisition of Organon, the USD 800 million Biocon Biologics senior secured notes, USD 435 million Continuum Energy green bonds, repeat work for Tata Motors, HCL, HSBC, BlackRock, and a growing stable of development finance institution clients (IFC, ADB, DFC, JICA, Norfund, MUFG). Distribution is direct, partner-led, and reputation-driven, with thought-leadership publications and recognition in Chambers & Partners, IFLR1000, AsiaLaw, Legal 500 and The Asset driving top-of-funnel awareness.

Name

Talwar Thakore & Associates

Legal name

Talwar Thakore and Associates

Website

https://tta.in

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Talwar Thakore & Associates (TT&A) is an India-based full-service corporate law firm advising Indian and international clients on M&A, banking & finance, capital markets, competition, projects/infrastructure, regulatory, disputes, and tax matters across offices in Mumbai, Delhi, and Bengaluru.

Ownership category

akta.pro rank

Product category

Corporate Legal Services

NAICS

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

SIC

Services-Legal Services (8111)

akta.pro primary industry

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

Keywords

• Corporate legal advisory
• Mergers and acquisitions
• Banking and finance law
• Capital markets legal
• Competition antitrust law

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Legal Advisory Services: Professional legal services billed on transaction basis or hourly rates for corporate law matters including M&A, banking & finance, capital markets, competition law, projects/infrastructure, disputes, regulatory compliance, and tax advisory.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Talwar Thakore & Associates is an Indian law firm that provides professional legal advisory services to corporate clients across eight practice areas: Corporate and M&A, Banking & Finance, Capital Markets, Competition, Projects Infrastructure & Energy, Disputes, Regulatory, and Tax. The firm advises on complex transactions including mergers and acquisitions, debt and equity financings, project finance, regulatory compliance, and dispute resolution, serving domestic and international enterprise clients from offices in Mumbai, Delhi, and Bengaluru.

Product overview

Talwar Thakore & Associates (TT&A) is a law firm providing legal and advisory services across multiple practice areas including Corporate and M&A, Banking & Finance, Capital Markets, Competition, Projects Infrastructure and Energy, Disputes, Regulatory, and Tax. The firm serves diverse sectors such as Automotive, Consumer Industries, Financial Institutions Group (FIG), Fintech, Insurance, Pharmaceutical/Healthcare/Life Sciences, Technology Media & Telecom (TMT), Data Privacy, Employment, and Education. TT&A operates from offices in Mumbai and Delhi, offering legal counsel to domestic and international clients on complex transactions, regulatory matters, and litigation.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate and M&A Legal advisory on mergers and acquisitions, joint ventures, private equity transactions, corporate restructurings, and strategic investments for enterprise clients.
• Banking & Finance Legal advisory on domestic and cross-border debt transactions including structured financing, syndicated lending, external commercial borrowings, term loan facilities, non-convertible debentures, and debt restructuring for banks, NBFCs, and corporate borrowers.
• Capital Markets Legal advisory on debt and equity capital markets transactions including bond issuances, senior secured notes, green bonds, sustainability-linked loans, social bonds, IPOs, and follow-on offerings for issuers and underwriters.
• Competition (Antitrust) Legal advisory on antitrust and competition law matters including merger control filings, large merger notifications, behavioral investigations, and competition compliance for enterprise clients.
• Projects, Infrastructure & Energy Legal advisory on renewable energy project financing, infrastructure development, project finance, public-private partnership (PPP) structures, and energy transactions for infrastructure developers, energy companies, and project SPVs.
• Disputes Legal advisory and representation in litigation, arbitration, and commercial disputes for enterprise clients, including white collar investigations.
• Regulatory Legal advisory on regulatory compliance across sectors including insurance, financial services, telecommunications, data protection, fintech, and digital lending for enterprise clients.
• Tax Legal advisory on India entry and exit tax strategy, M&A-related tax, business and corporate tax, tax planning and management, tax dispute management, profit distribution, succession planning, and white collar investigations.

Named customers12 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Chambers and PartnerscoreOthersTTA consistently ranked in Chambers and Partners for Banking & Finance, Corporate M&A, Capital Markets, Competition, and other practice areas across Asia-Pacific and globally.
• IFLR1000coreOthersTTA ranked in IFLR1000 for Anti Trust & Competition, Corporate M&A, Fintech & Financial Services Regulatory, Insurance, Projects & Energy, and Private Equity & Investment Funds.
• AsiaLawcoreOthersTTA ranked in AsiaLaw for Banking & Financial Services, Competition/Anti-trust, Infrastructure, Regulatory, Restructuring & Insolvency, and Technology and telecommunications.
• Legal 500coreOthersTTA recognized as Banking and Finance Firm of the Year 2024 by Legal 500 Asia Pacific.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Khaitan & Co. One of India's largest full-service law firms with strong M&A, banking, capital markets and competition practices; directly competes with TT&A on most major Indian transactions and is a parallel Chamber/IFLR Tier 1 firm.
• Trilegal: Leading Indian corporate law firm with strong M&A, private equity and capital markets practices; directly competes with TT&A on PE/VC and large M&A mandates and is consistently co-ranked in top tiers of Chambers and IFLR1000.
• Cyril Amarchand Mangaldas: Largest Indian corporate law firm with offices in Mumbai, Delhi, Bengaluru and internationally; directly competes with TT&A across M&A, banking & finance, capital markets, and competition, and is consistently ranked alongside TT&A in Tier 1 by Chambers and IFLR1000.
• Economic Laws Practice (ELP): Mumbai-headquartered Indian law firm with strong tax, regulatory and corporate practices; directly comparable to TT&A on transactional mandates and is frequently co-ranked alongside TT&A in AsiaLaw and IFLR rankings.
• Bharucha & Partners: Boutique Indian corporate, M&A and capital markets firm in Mumbai; competes with TT&A on complex domestic and cross-border transactions and is ranked alongside TT&A in IBLJ and Chambers for corporate/M&A.
• Desai & Diwanji: Mumbai-based full-service Indian law firm with active corporate, M&A and banking practices; competes with TT&A on mid- to large-cap Indian M&A and capital markets mandates.
• J. Sagar Associates (JSA): Top Indian law firm with comparable banking & finance and corporate practices; competes with TT&A on M&A, capital markets and regulatory mandates. Notably, TT&A partner Nakul Sonejee was previously a Principal Associate at JSA, evidencing direct lateral flow between the two firms.
• Shardul Amarchand Mangaldas & Co. Top-tier Indian corporate firm with very similar practice mix (M&A, banking, capital markets, projects, competition, disputes); competes head-to-head with TT&A for Indian and cross-border mandates and frequently appears alongside TT&A in Chambers and IFLR rankings.
• S&R Associates: Boutique top-tier Indian corporate and banking & finance firm based in Mumbai/Delhi; competes directly with TT&A on sophisticated M&A, banking and capital markets work for Indian and international clients.
• AZB & Partners: Premier Indian corporate and M&A firm with deep banking & finance and capital markets practices; directly comparable to TT&A in client base, transaction size and ranking profile (Mumbai/Delhi/Bengaluru offices).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/talwar-thakore-associates-tta

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Talwar Thakore & Associates