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This article, like many others, was first published exclusively for long-term supporters, 1 hour before everyone else got to read it.

Indus Mumbai poaches two partners from Algo: star duo Siddharth Manchanda, Minhaz Lokhandwala

Team to boost Indus' Mumbai corporate power

Algo duo Manchanda, Lokhandwala join Indus
Algo duo Manchanda, Lokhandwala join Indus

IndusLaw has ramped up its Mumbai corporate offering significantly with the hire of two from Algo Legal who are due to join: partner Siddharth Manchanda and associate partner Minhaz Lokhandwala.

According to Indus’ press release, Manchanda was heading Algo’s transactional practice and he was one of the most senior partners with significant transactional volumes, according to our deals database.

According to our sources we have also learned that he is joined by his Algo colleague associate partner (and fellow ILS Pune graduate) Minhaz Lokhandwala, who also specialises in private equity and venture capital work.

Both hadworked at Bharucha & Partners before moving to Algo breeding ground Themis Associates (seven years in Manchanda’s case).

In a press release regarding Manchanda’s joining, he commented: “Indus’s growth over the years has been phenomenal... The firm has carved out a niche for itself...”

Indus co-founding partner Suneeth Katarki added: “His expertise and experience in corporate transactions including M&A and private equity will further enhance our capabilities in Mumbai and nationally.”

Indus has recently opened up its equity partnership into a modified lockstep-style model, admitting eight non-founders to the club, as well as expanded steadily with laterals, notwithstanding the Covid-19 recession.

Algo, however, has experienced a string of departures, such as the recent departure of partner Vinayak Mishra to VC fund Lightspeed, partner Archan Chakraborty and principal associate Vijay Santosh joining PwC.

However, Algo has also hired tech entrepreneur and lawyer Ankit Guha and Veritas senior associate Siddharth Prasad as an associate partner in Mumbai.

Algo declined to comment when contacted.

Siddharth Manchanda Work history From: Aug 2019 : Partner , Algo Legal ( Mumbai Area ) Oct 2016 - Aug 2019 : Associate Partner , Themis AssociatesFull-time ( Mumbai Area ) Apr 2013 - Oct 2016 : Senior Associate , Bharucha & Partners Jun 2009 - Apr 2013 : Associate , Bharucha & Partners Education 2004 - 2009 : ILS Law College, Pune , BSL LLb , Law Minhaz Lokhandwala Work history From: Aug 2016 : Principal Associate , Khaitan & Co ( Mumbai Area ) Aug 2014 - May 2016 : Senior Associate , Bharucha & Partners Apr 2010 - May 2014 : Lawyer , Desai & Diwanji Education 2005 - 2010 : ILS Law College, Pune , BSL LLB , Law
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