SN Gupta & Co has started up an M&A practice in Mumbai by hiring a Khaitan & Co senior associate as a partner and an associate from Hemant Sahai Associates.
The firm has also taken on new office space in Mumbai and plans to build a litigation team.
New partner Vijay Manjrekar will be tasked with building up the M&A practice for SN Gupta in Mumbai. He qualified in as a lawyer in 2001 and spent around one year at Khaitan & Co and two years at Luthra & Luthra previously.
Former Hemant Sahai associate of almost two years Saurabh Nathany has also joined SN Gupta's Mumbai M&A team as a senior associate. He had previously worked at Desai & Diwanji and Gagrats, since 2005.
The Mumbai office has to-date primarily specialised in banking and finance work, although it does have a specialist M&A practice in Delhi.
Majrekar said: "Now that the markets are picking up it’s a good time for us to explore existing relationships and develop future clients going forward."
"We are a very small team at the moment but let's hope that clients show faith in us. They have had faith in [SN Gupta in the] banking and finance sector, now is time to get that faith in a new sector which is already successful in Delhi," he added.
SN Gupta has also taken on a second office in Mumbai's Yussuf Building on MG Road very close to its existing 5,000 square foot office in the Kala Goda district, aiming to expand to a full-service offering.
Managing partner Rajesh Gupta (pictured) said: "We are going to start our litigation practice.
"We have taken a small office – 1,500 sqare feet - on the fourth floor of that building and we are just picking up the people in that practice area."
Khaitan & Co partner Rabindra Jhunjhunwala said that Majrekar had only been at Khaitan & Co for a short while but that he wished him well at the new firm.
Hemant Sahai was unavailable for comment.
threads most popular
thread most upvoted
comment newest
first oldest
first
your foray into "M&A" means more mergers of ideas and acquistion of talent. my heartiest wishes to you. your new business surely will repeat the same success story.
Heartiest wishes to you and your Team.
threads most popular
thread most upvoted
comment newest
first oldest
first