Talwar Thakore & Associates

Editorial analysis
    • Established: 2007
    • Partners: 3
    • Lawyers: 25
    • Offices: Mumbai, New Delhi
    • Practice Areas: Banking; Capital Markets; Corporate; M&A; Private Equity; Project Finance

    Sources reported being “particularly impressed” by Talwar Thakore & Associates, whose work they described as “exceptional”. The firm enjoys one of the few surviving “best friends” relationships with a foreign firm, which is made all the more impressive by the fact that the firm in question is Linklaters LLP. The two firms collaborated on BP’s $7.2 billion tie-up with Reliance Industries in 2011, and continue to work closely on international matters.

    Perhaps a testament to the two firms’ closeness is the career of Narayan Iyer, who left Linkaters’ India practice (which he helped found) to join TTA in 2009. In August of last year he returned to Linklaters as a partner in the London office, but will nevertheless continue to work closely with TTA.

    Competition has emerged as a new area of focus for TTA in the past year. In June 2013 the firm began a collaboration with former Competition Commission head Vinod Dhall, creating a new competition practice based in the firm’s newly founded New Delhi office.


    “We use them extensively for our banking and financing transactions: it is easy to comprehend their advice and partners are easily accessible,” says one client; Sonali Mahapatra and Rahul Gulati are both prominent names in this practice area at TTA.


    In the past year TTA advised Unilever in connection with its voluntary open offer for the acquisition of shares in Hindustan Unilever, valued at around €2.45 billion. The firm also advised Johnson Controls, LIXIL Corporation, Blue Star Infotech and Sanofi on major acquisitions and buyouts.

    On the banking side, TTA has advised Standard Chartered, both as a standalone client and as a member of a consortium, in various loans and issuances.