Shuva Mandal has been appointed Group General Counsel of the Tata Group. We explore facts relating to his experience as a lawyer, salary etc.
Group General Counsel Of Tata Group
Shuva Mandal has been appointed the group general counsel of the Tata group of companies.
This was announced by Tata Sons Ltd on 23rd May 2017.
He replaces Bharat Vasani and will join the company with effect from July 2017.
Bharat Vasani has been appointed special counsel to Tata Sons chairman Chandrasekaran.
Shuva holds an LLB from National Law School of India University. He has also attended M&A Program at The Wharton School, University of Pennsylvania.
He is member of professional associations such as the
Bar Council of Maharashtra & Goa and The International Bar Association (IBA).
Shuva was the Managing Partner of Fox Mandal & Associates. He is a lawyer with more than 19 years of practice.
His area of practices is corporate commercial law.
Fox Mandal was established in the year 1896 by G. C. Mandal.
He was a partner of the firm since 1996 and headed the entire South India operations of the firm.
Whilst a partner of Fox Mandal, Shuva practiced law relating to inbound investment to India including strategy, corporate governance, corporate finance including M&A, Joint Ventures, disposal of private companies, private equity & securities transaction, public offerings of debt and equity securities.
AZB & Partners
Shuva did a stint with AZB Associates, an eminent law firm, for a couple of years.
He was an Equity Partner at AZB & Partners.
Shardul Amarchand Mangaldas
Shuva was appointed National Practice Head, M&A and Corporate, at Shardul Amarchand Mangaldas, one of India’s most prestigious law firms.
In Amarchand Mangaldas, he specialized in Mergers and Amalgamations, Private Equity and Corporate Commercial matters.
He developed a large clientele which included the Tata Group, TPG Capital, The Future Group, General Atlantic, Barings Private Equity and Star TV (part of 21st Century Fox), among others.
Corporate heads in large companies are able to command large salaries which includes perquisites such as accommodation, club memberships, foreign travel, motor car etc.
The salary of other top executives in the Tata group ranges from Rs. 5 crore to Rs. 10 crore depending on their designation.
The salary of Bharat Vasani, who was replaced, is in the same level.
In fact, N. Chandrasekaran, the chairman of Tata Sons, received a salary of Rs. 25.6 crore in FY 2016-17.
It is reasonable to estimate that the annual salary of Shuva Mandal may also be in the range of Rs. 5 to 7 crore.