Ravindra Bandhakavi

Ravindra Bandhakavi has over 25 years of experience, and is part of the general corporate practice group with a focus on M&A and private equity transactions.

He has worked with and advised leading private equity/financial sponsor clients including ADIA, CDPQ, Goldman Sachs, Blackstone, Everstone, GIC, Macquarie and Fidelity. He has also worked extensively with multi-lateral agencies like International Finance Corporation, Asian Development Bank, Proparco, DEG, and BII on their equity investments in India and rest of South Asia.

Relevant Experience

Abu Dhabi Investment Authority in relation to its investment of USD 750 million in GMR promoter entity engaged in the infrastructure sector.
SALIC (wholly owned subsidiary of the Saudi Sovereign Fund) on an investment in LT Foods Limited
Caisse de dépôt et placement du Québec (CDPQ) in relation to: (a) their acquisition of Shree Jagannath Expressways (Indian highway infrastructure company) and on their successful bid for the eastern peripheral expressway (EPE) project in Delhi-NCR through the TOT route; and (b) investments in Apraava Energy Private Limited (independent power producer), Azure Power (an Indian solar company), Piramal Enterprises, ECL Finance (a wholly owned subsidiary of Edelweiss Financial Services) and Pharmeasy (an Indian pharmaceutical company)
International Finance Corporation in their equity investment in over 25 companies including in relation to their investments in Cleanmax Enviro (leading Indian rooftop solar energy), Hero Future Energies (renewable energies), Mahindra’s EV business, Tabreed Asia Central Cooling Company (cooling solutions) and Continental Warehousing
GIC of Singapore in relation to their investment in Bharti Airtel
National Investment and Infrastructure Fund (NIIF) on its joint venture partnership with Roadis for creation of a platform for investment into road projects
Goldman Sachs in relation to its acquisition of Peoplestrong Technologies (HRMS company) and investment in Insurance Dekho (insurance broking) and Pepperfry (an online marketplace for furniture and home decor)
British International Investment on its equity investment in Mahindra’s (one of India’s leading conglomerates) EV business
Warburg Pincus in relation to structured exit from Metropolis Healthcare Limited, investment in Amtek India and exit from Max India
Everstone Private Equity on their investment in Calibre and Calimara Chemicals Ltd
Asian Development Bank in its equity investment in Zenex Animal Health India (animal healthcare company), Shubham Housing Development Finance (housing finance company) and secondary exit from Hippocampus Learning Centres (online education company)
Proparco on its equity investment into Annapurna Microfinance (an Indian microfinance company), Sonata Finance (an Indian finance company) and Educomp Solutions (an Indian education company)
Multiples in relation to its equity investment in Kogta Financial (NBFC) and Licious (food delivery)
Chryscap in relation to its equity investment in Safex Chemicals (fertiliser manufacturer)

Awards & Recognition

Awarded ‘Private Equity and Investments Lawyer of the year’ by Legal 500 Awards 2024
Ranked ‘Notable Practitioner’ in Private Equity & Mergers and Acquisitions by IFLR 1000 (2019 -2025)
Ranked ‘Distinguished Practitioner’ in Private Equity by AsiaLaw 2020-2025
Recognised as ‘Recommended Lawyer’ at Legal 500, 2022 -2025
Recognised as ‘Leading Lawyer’ at ‘Legal Era Leading Lawyers Rankings’, 2022 -2025