• Energy

    The energy we bring to every engagement builds true partnership.

  • Expertise

    Our expertise across sectors and practice areas runs deep, and we continue to add to our knowledge.

  • Execution

    We delve into every detail before offering strategic advice; in this, our execution is unparalleled.


We are delighted to announce that Shri Ram College of Commerce, Delhi University (which is consistently ranked amongst the top colleges for commerce and economics fields in India and all over Asia) facilitated and decorated our Co-Founder and Managing Partner Mr. Ajay Bahl, CA and Advocate, with the prestigious “Shri Arun Jaitley Professional of the Year” Award 2024 at the Alumni Meet 2024 held earlier this month.

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IDFC Limited – IDFC Financial Holding Company Limited

IDFC FIRST Bank Limited on the proposed merger of IDFC Limited and IDFC Financial Holding Company Limited with it

AZB & Partners is advising IDFC FIRST Bank Limited on the proposed merger of IDFC Limited and IDFC Financial Holding Company Limited with it by way of a composite scheme of amalgamation. This is the second major merger in the banking space in the last few years after the HDFC Limited and HDFC Bank consolidation.


AZB & Partners is a widely admired law firm in India with an excellent market reputation, frequently active on the most high-profile transactions. The firm has notable strength advising leading buyers, sellers and investors acting in areas such as real estate, financial services, TMT, asset management and energy. The group handles a broad range of corporate issues including high-profile M&A, joint ventures and outbound investments. The department also has a proven track record in distressed M&A and a strong record assisting with the formation and restructuring of companies, exchange control regulations, contract law and Takeover Code issues. AZB & Partners is especially present in New Delhi and Mumbai and its roster of clients includes ORIX, Visa and Bharti.

Chambers and Partners Asia-Pacific (2023), on our Corporate / M&A team


Founded in 2004, the Firm’s clear and singular purpose is to provide reliable, practical and full-service advice across sectors. Our greatest strength is an in-depth understanding of legal, regulatory and commercial environments, in India and elsewhere.

We need to reflect on how privileged we are as a profession, on what we believe in as human beings. The fact is, someone else is doing the hard work.

Ajay Bahl, Co-Founder & Managing Partner

We’re about honest conversations and greater collaboration between the partners. We are mandated to share knowledge, and are less proprietorial about our territory. What benefits one, must benefit all.

Zia J. Mody, Co-Founder & Managing Partner