JSA, Khaitan & Co act on PwC India - PwC US joint venture

PwC India has formed a joint venture with PwC US, wherein PwC India will hold 49.9% and PwC US will hold 50.1%.

JSA Advocates and Solicitors advised PwC India on this JV.

The transaction was led by Lalit Kumar (Partner), along with Bharati Joshi (Partner), Zarish Ali (Principal Associate), Associates Muskaan Gupta and Rahul Kapoor.

The competition law team was led by Vaibhav Choukse (Partner), along with Ela Bali (Partner), Ishaan Chakrabarti (Senior Associate), Associates Aarathi R Menon, Yaatri Shah and Priyanshi Jain.

Khaitan & Co advised PwC US on this JV.

The transaction was led by Partners Kartick Maheshwari, Nayantara Kutty, Megha Agarwal, Rahul Jain, Ritu Shaktawat with support from Aishwarya Nagpal on documentation.

The Partners were supported by:

Corporate aspects and diligence: Atif Ahmed (Principal Associate), Prankul Boobana (Senior Associate), Devika Vasandani (Consultant), Associates Chirag Mitta, Pavitra Khaitan, Aanya Desai and Jahanvi Tuli; 

Employment and labour law related aspects: Deepak Kumar (Partner), Avik Biswas (Partner) and Rithika Reddy Varanasi (Partner);

Intellectual property related aspects: Nirupam Lodha (Partner), Malika Nandkeolyar (Principal Associate) and Rebecca Cardoso (Associate);

Litigation: Tomu Francis (Partner), Manavendra Mishra (Partner), Sneha Janakiraman (Partner), Madhav Khosla (Partner), Susanah Naushad (Counsel), Zarnaab Aswad (Principal Associate), Alok Vajpeyi (Principal Associate), Associates Aayush Pandey, Yajas Achal and Parimal Kaushik;

Data privacy related aspects: Supratim Chakraborty (Partner) and Shramana Dwibedi (Principal Associate);

Banking and finance related aspects: Manisha Shroff (Partner), Mohit Nad (Counsel), and Aparna Arya (Senior Associate);

Competition law related aspects: Anisha Chand (Partner), Soham Banerjee (Counsel) and Joshua Kurien George (Associate);

Direct tax related aspects: Jinisha Jain (Senior Associate) and Vishakha Ranga (Associate);

Indirect tax related aspects: Mayank Jain (Partner), Pranay Sahay (Principal Associate) and Rajshree Lohia (Senior Associate).

The transaction is subject to applicable regulatory approvals, including approval from the Competition Commission of India.

The joint venture will comprise PwC India’s consulting business and PwC US’s acceleration centres in India, with operational control vesting with PwC India.

The transaction represents a significant strategic combination in the professional services sector, creating a platform that brings together substantial advisory talent and capabilities across two of PwC’s key markets. It also underscores the growing strategic importance of India as a global hub for talent, innovation and Global Capability Centres, while advancing PwC’s broader ambition of building a more globally integrated consulting model.

Read PwC's press release here

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