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Amarchand Mumbai bets further on Cyril Shroff's private client practice with director hire

Mugdha Sahal
Mugdha Sahal

Amarchand Mangaldas has hired former IIFL Wealth Management director Mugdha Sahal as director in its private client practice in Mumbai.

Sahal, who joined the firm on 5 November, said: “We have to create market awareness. This practice, I think, is only going to go upwards. The sky is the limit. We all understand that the legal framework is getting really complex and the socio-economic fabric is really changing in India.”

She graduated as a lawyer from Jai Narain Vyas University Jodhpur in 2002, after already being admitted in 2001 as an associate member of the Institute of Chartered Accountants of India and The Institute of Company Secretaries of India. She worked with IL&FS Trust Company and Standard Chartered Asset Management Company before joining IIFL three years ago. At IIFL she set up the trustee company and initiated the fiduciary practice.

Amarchand Mangaldas Mumbai managing partner Cyril Shroff, who heads the private client practice at the firm, stated in a press release: “Private Client Practice is an important focus area for the firm. With her wide experience and exposure in the industry, Mugdha’s addition will further enhance the team’s capabilities to support our clients. She will work closely with me and the existing PCP team and also provide more depth to our initiatives to rapidly develop this Practice area further. The existing PCP Team includes Rishabh Shroff and Radhika Gaggar, and about 6 other professionals including a specific tax resource.”

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