TRANSACTIONS
Selected advisory experience across growth, restructuring and strategic transitions.
Partner-led mandates across India's micro, small and mid-market. Several engagements are confidential and selectively disclosed.
₹500Cr+
STRUCTURED DEALS
Historic Deal Activity
Partner-led mandates across M&A, restructuring, capital raising and strategic advisory. Several engagements are confidential and selectively disclosed.
All
M&A & Takeovers
Capital Markets
Fund Raises
Restructuring
Strategic Advisory
LANDMARK M&A & TAKEOVERS
HOSTILE TAKEOVER · PHARMA · HISTORIC
Zandu Pharmaceutical Works
Represented the Parikh family in India's first-ever hostile corporate takeover — Zandu Pharmaceutical Works acquired by Emami Ltd. A precedent-setting transaction that defined hostile M&A in India and required intricate defensive structuring and negotiation across a protracted process.
First Hostile Takeover in India
Sell-Side Advisory
M&A
CROSS-BORDER ACQUISITION · CHEMICALS · HISTORIC
Aditya Birla Chemicals (Europe) GmbH
Advised on the acquisition of CTP Advanced Materials GmbH by Aditya Birla Chemicals (Europe) GmbH — a multi-jurisdictional transaction requiring co-ordination across Indian and European regulatory frameworks, valuation and due diligence.
Buy-Side M&A
Cross-Border
India-Europe
INDIA–JAPAN JOINT VENTURE · CHEMICALS · HISTORIC
Nagase & Co. Ltd × ZCL Chemical Ltd
Advisors in structuring the India-Japan joint venture between Nagase & Co. Ltd and ZCL Chemical Ltd — covering partnership terms, shareholding framework, board governance and cross-border regulatory requirements.
JV Advisory
Cross-Border
India-Japan
CAPITAL MARKETS & IPO
IPO ADVISORY · PHARMA · HISTORIC
Sun Pharmaceuticals Ltd
Advisors to the Initial Public Issue of Sun Pharmaceuticals Ltd — one of India's most consequential pharma IPOs, requiring comprehensive investor marketing, pricing strategy and regulatory co-ordination.
Landmark Pharma IPO
IPO Advisory
Capital Markets
LISTING & DEBT ADVISORY · AUTO COMPONENTS · 2022
Setco Automotive Ltd
Strategic advisory for the listing of shares and subsequent debt raise for Setco Automotive Ltd — supporting the company's public market debut and structuring its post-listing debt financing.
Listing Advisory
Debt Structuring
Capital Markets
RECENT FUND RAISES
GROWTH CAPITAL · WATER EPC · 2024
Kevadiya Construction Pvt Ltd
Raised ₹42.5 Crores for Kevadiya Construction Pvt Ltd at a valuation of ₹450 Crore — the largest recent capital raise in the water infrastructure EPC segment. Full end-to-end mandate from investor identification to closure.
₹42.5 CR Raised
₹450 CR Valuation
Growth Capital
PRE-IPO FUND RAISE · EPC · 2024
Vikran Engineering & Exim Pvt Ltd
Pre-IPO fund raise of ₹25 Crores for Vikran Engineering & Exim Pvt Ltd at a pre-money valuation of ₹1,300 Crore — placing the round with institutional and HNI investors ahead of a planned public listing.
₹25 CR Raised
₹1300 CR Valuation
Pre-IPO
SERIES A · INFRASTRUCTURE · 2024
Heritage Infraspaces (India) Ltd
Series A fund raise of ₹4 Crores for Heritage Infraspaces (India) Ltd at a pre-money valuation of ₹750 Crore — advising on round structuring, investor engagement and term sheet negotiation.
₹4 CR Raised
₹750 CR Valuation
Series A
PRE-IPO · COAL MINING · 2024
Caliber Mercantile Ltd
Pre-IPO fund raise of ₹1 Crore for Caliber Mercantile at a pre-money valuation of ₹1,224 Crore — advising on investor placement and pre-IPO structuring.
₹1 CR Raised
₹1224 CR Valuation
Pre-IPO
GROWTH CAPITAL · CONSUMER FOODS · 2023
Candor Foods Pvt Ltd
Arranged growth capital for Candor Foods Pvt Ltd from OFB Tech Pvt Ltd — advising on valuation, deal structuring and investor engagement for the consumer food platform.
Growth Capital
Fund Raise
Consumer Foods
FUND RAISE & ADVISORY · SERVICES · 2024
Yesssworks Pvt Ltd
Fund raising and strategic advisory mandate for Yesssworks Pvt Ltd — combining capital raise execution with broader strategic advisory on investor positioning and business development.
Fund Raise
Strategic Advisory
RESTRUCTURING & TURNAROUND
20-YEAR TURNAROUND · MANUFACTURING · HISTORIC
Rubfila International Ltd
Acquired from a Malaysian liquidator and systematically transformed from a distressed company (₹24 Cr revenue, negative EBITDA) into India's largest latex thread manufacturer — ₹473 Cr revenue, zero debt, 85% domestic market share. A 16.78% revenue CAGR over 20 years, driven by professional management, strong process controls and long-term strategic vision.
₹24 CR → ₹473 CR
Zero Debt
16.87% Revenue CAGR
85% Market Share
EQUITY RESTRUCTURING · TECHNOLOGY · 2021
PSI Data Systems
Advisors for the reduction of equity share capital for PSI Data Systems (affiliate of Groupe Bull, France) — the first equity capital reduction of its kind in India. A structurally complex mandate requiring specialist regulatory navigation.
First in India
Equity Restructuring
Cross-Border
TURNAROUND & GROWTH · ENGINEERING · 2023
Precision Bearings Pvt Ltd
Turnaround and growth advisory mandate for Precision Bearings Pvt Ltd — diagnosing operational and financial stress, restructuring the business model and advising on the path to sustainable growth.
Turnaround Advisory
Growth Advisory
STRATEGIC ADVISORY
TURNAROUND & FAMILY SETTLEMENT · HEALTHCARE · ONGOING
MRK Healthcare Pvt Ltd & Medtech Medical Devices
Two concurrent mandates — a turnaround and growth advisory for MRK Healthcare, alongside a family settlement advisory between the owners of MRK Healthcare Pvt Ltd and Medtech Medical Devices Pvt Ltd. Complex ownership and operational restructuring managed simultaneously.
Ongoing
Turnaround Advisory
Family Settlement
LAST 12 MONTHS
Successful Fund Raises
Coal MIning
₹1 Crore
Caliber Mercantile Ltd
Pre-IPO fund raise at pre-money valuation of ₹1,224 Crore.
EPC
₹25 Crores
Vikran Engineering & Exim Pvt Ltd
Pre-IPO fund raise at pre-money valuation of ₹1,300 Crore.
WATER EPC
₹42.5 Crores
Kevadiya Construction Pvt Ltd
Funds raised at ₹450 Crore valuation.
INFRASTRUCTURE
₹4 Crores
Heritage Infraspaces (India) Ltd
Series A fund raise at pre-money valuation of ₹750 Crore.
ACTIVE MANDATES
Ongoing Deals
Packing & Hygiene Products
Tissue paper & latex thread manufacturer. Consolidation with core segments.
BUY SIDE
Precision Engineering
Premium engineering components manufacturer. Export-oriented advisory & strategic planning mandate.
ADVISORY
Legal Tech
AI-enabled immigration workflow platform. US-focused, recurring revenue model.
FUND RAISE
Flooring Solutions
Vinyl flooring manufacturer with pan-India and export presence.
DEBT RAISE
Consumer Food Products
Secondary stake acquisition from majority shareholder. Private labeling & contract manufacturing platform.
STAKE ACQUISITION
Medical Supplies
Medical disposables manufacturing platform with global distribution footprint.
ADVISORY
Watch Component Manufacturer
Watch & precision component manufacturer with strong OEM relationships.
100% STAKE SALE
Workplace Solutions
Managed coworking & office solutions platform with multi-location presence.
FUND RAISE
Disclaimer: The transactions listed above are representative and selective. Certain mandates are confidential. This page does not constitute an offer or solicitation. Past advisory experience does not guarantee future outcomes.
