Amit Singhania
Amit Singhania is a Partner with the Firm’s Tax practice group.
Amit works very closely on matters pertaining to cross border investments and financial services sector. He has recently finalized the structures for inbound investments for Idea Cellular, Essar Morgan, Rabo Bank, Mayfield, Canaan Advisors, Google, BMO Nesbitt Burns, etc. He has recently worked closely on matters pertaining to negotiating contracts and escrow mechanism in cross border buyouts. In this regard, he has advised Goldman Sachs, AT&T Inc., etc.
He has extensive experience in mergers and acquisitions and other transaction advisory, where he provides holistic solutions to clients. Amit also advises clients on transfer pricing issues, strategizing tax litigation matters, representation before courts and tax authorities, and policy advocacy. Amit has recently represented Walmart in acquisition of Flipkart.
Amit is a customary orator at the Regional Council of Institute of Chartered Accountants of India and has contributed articles on direct taxes in various leading journals and newspapers. Amit is a member of tax committee of CII, FICCI and ASSOCHAM. He is also the member of Study Circle of Income Tax Appellate Tribunal Bar Association, New Delhi.
Prior to joining Shardul Amarchand Mangaldas & Co, Amit has worked with PwC for four years.
Select Experience Statement
- Walmart on taxation aspects of its acquisition of Flipkart for US$ 16 billion.
- Walmart on the acquisition of Binny Bansal’s share in Flipkart for US$ 76 million.
- Ctrip.com on the tax aspects of its acquisition of shares in Makemytrip.com for US$.146 billion.
- Apollo Group on a global acquisition, which would result in an indirect acquisition of an Indian company for US$ 100 million.
- Norwest Venture Partner on the acquisition of New York based SmartSign.
- B4U Network Europe Limited,Tiger Media Holdings (B4U) on the joint venture with Bain Capital for setting a fund for acquisition of IP or media rights.
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- Abu Dhabi National Oil Company on settling India’s first energy agreement for building strategic crude oil reserves.
- US embassy, UK Government, UNICEF, Asian Development Bank, etc. on issues relating to tax privileges and immunities.
- Dassault on supply of goods and provision of services to the Ministry of Defense, Indian Government.
- Vacment India Private Limited In relation to re-opening of assessment proceedings by the Income-tax department.
- Telecommunication Consultants India Limited on a batch of penalty appeals and quantum appeals before Commissioner Appeals and Income-tax Appellate Tribunal.
- Krishnapatnam Ports Company Limited (Navayuga Group) on the sale of 75% stake to Adani Group for US$ 1.9 billion.
- KaveriSoft Inc on the corporate restructuring and investment in an Indian company – DispatchTrack Software Private Limited.
- Facebook and Whatsapp on digital taxation in India.
- NXP Semiconductors in obtaining of several taxation registrations / compliances in relation to acquisition by JAC Capital and Wise Road.
- S. Retirement Partners, Inc., in its acquisition of Retirement Plan Company LLC, US.
- CitiCorp Services India Private Limited for asset purchase from HCL Technologies Limited.
- Bank of America Merrill Lynch, Hong Kong and Farallon Capital Management, LLC, Singapore in relation to the issue of the Debentures.
- Mitsui Sumitomo, a Japanese Multinational in the buyout of stake in Max New York Life Insurance Ltd. from New York Life Inc.
- Rabo Bank, IFC and other investors in setting up the Rabo Equity Agri Fund.
- Aptuit Inc. in their exit from Aptuit Laurus India Private Ltd.
- Mayfield in setting up the Mayfield Fund.
- Canaan Inc. in setting up the Canaan VI and VII Series Fund.
- AT&T Inc. in acquiring stake in Tech Mahindra from Mahindra BT Mauritius Ltd.
- Hira Group in setting up the tax efficient structure for acquiring mines in Turkey and S. Africa.
- Bank of Montreal, Canada in setting up their business operations in India.
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A detailed experience statement can be shared on a confidential basis.
Professional Memberships
- Member of Institute of Chartered Accountants of India
Education
- LLB
- Chartered Accountant
- Masters of Commerce
