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Pallavi Joshi Bakhru

Grant Thornton

6th Floor, Plot No.19A,

Sector 16A, Noida 201301


Tel: +91 120 7109094

Mob: +91 98101 33230


Pallavi heads the Tax and Regulatory services group, which specialises in cross-border transactions, regulatory compliance, transaction tax advisory services, transfer pricing, indirect taxes and compliance and outsourcing.

Pallavi qualified as a chartered accountant in 1990 and has more than 25 years of post-qualification experience in the field of taxation.

Pallavi's area of expertise includes inbound and outbound structuring advisory, including regulatory compliance for both Indian and overseas investors. She has worked with clients in getting approvals from the Reserve Bank of India and the Foreign Investment Promotion Board.

Pallavi has also advised many clients (including listed companies) on restructuring their operations. Depending on the drivers for restructuring, the advice has varied from merger, demerger, slump sale or a combination of these to rationalisation and optimisation of overseas structures.

She has done significant work with corporates on their domestic internal restructuring to consolidate value and minimise related party transactions.

Pallavi is also the People & Culture leader for the India firm; a role she plays in addition to her role as head of tax. She also leads the India – US corridor between the two member firms; an initiative aimed at ensuring that clients of the network get distinctive client service irrespective of their scale and size in locations other than their home jurisdiction and ensuring that relationships are grown, added and shepherded within the network.

Pallavi has a portfolio of clients which cuts across various industries including information technology/information technology enabled services, manufacturing, aviation financial services and education, among others.

Pallavi is a Fellow Member of the Institute of Chartered Accountants of India.

Pallavi is a member of the International Fiscal Association – India Branch. She is also a member of The Indus Entrepeneurs (TiE) Delhi chapter. She is the co-chair of the PHD Chambers committee on International Affairs for North America.

Pallavi is a regular speaker on tax issues and has addressed a number of seminars both within India and overseas. She actively contributes to newspapers and professional journals in India. She is also a trainer and actively participates in the Grant Thornton International Advanced Manager's Programme.

Pallavi is an independent director on the board of Sona BLW Precision Forgings and Filatex. Filatex is listed on the Bombay Stock Exchange and the National Stock Exchange.




Daksha Baxi

Khaitan & Co

One Indiabulls Centre, 13th Floor, Tower 1

841 Senapati Bapat Marg

Mumbai 400 013


Tel: +91 22 6636 5000

Fax: +91 22 6636 5050?



Daksha Baxi joined Khaitan & Co in 2007 to build the firm's direct and international tax practice. By the time she joined Khaitan she had already gained significant experience working with global organisations and leading Indian international tax advisers.

Daksha's vast experience of working with advisers in several jurisdictions (for 10 years outside of India and more than 20 years in India) brings an added level of comfort to clients and professionals. She has significant and valuable expertise on advising in international tax matters involving a variety of cross-border structures for investments in India by foreign corporates and private equity investors as well as acquisitions by Indian companies outside India. Clients have benefited from her insight pertaining to India entry strategies involving domestic taxation and interpretation of double taxation conventions. International not-for-profit organisations, educational institutions and other philanthropic organisations also benefit from her expertise. She is well recognised for structuring and setting up of onshore and offshore funds for investments in India. Clients and professionals approach her for her tax expertise encompassing all aspects of direct tax advisory, global restructuring and cross-border M&A transactions, complex tax issues in equipment procurement and construction contracts, structured finance and employee equity based compensations ranging from startups to listed companies. She also assists clients in obtaining advance tax rulings to achieve tax certainty.

Daksha has been recognised by Chambers & Partners as an Indian tax expert for 2013 and 2014; by Asia Pacific Leading Lawyers as one of the "most highly acclaimed tax professionals in India"; by Citiwealth Leaders List as a leading tax lawyer for 2013; and by Who's Who Legal 500 for private client work (the only adviser in India recognised for this).

On top of her day-to-day advisory work, Daksha has co-authored numerous articles and papers on cross-border tax issues and her opinion is regularly sought by media publications in India and beyond. She is also a regular speaker at various conferences on taxation organised by the International Bar Association, International Fiscal Association, Society of Trust and Estate Practitioners (STEP), American Bar Association, Foundation for International Taxation and others.

Daksha is a qualified chartered accountant and is an honours graduate in economics from the Manchester Metropolitan University, UK)

Daksha is a fellow member of the Institute of Chartered Accountants in England and Wales and of the Institute of Chartered Accountants of India, as well as being a member of the Society of Trust and Estate Practitioners, the International Fiscal Association and the Core Group of Bombay Chartered Accountants' Society.




Pallavi Dinodia

SR Dinodia & Co, Chartered Accountants

K-39 Connaught Circus

New Delhi – 110 001


Tel: +91 – 011- 4370 3300



Pallavi Dinodia is a partner at SR Dinodia & Co Chartered Accountants. The firm is one of the oldest firms in India and is ranked among the top 15 firms across the country.

Pallavi has had an outstanding career spanning the past 15 years. During the past decade she has specialised in transfer pricing and international taxation, gaining a reputation across India for her expertise in the field. She advises corporates, both domestic and foreign, helping them to fulfil their complex compliance requirements in India. In addition, she acts as a counsel, representing clients before quasi-judicial authorities and the Income Tax Appellate Tribunal (ITAT) in India on matters related to transfer pricing, dispute resolution, advance pricing arrangements and the avoidance of double taxation.

She has worked extensively with global businesses across Asia, the United States and Europe on advisory and transactional work, including a stint at a financial services company in Zurich as an in-house counsel. She has combined her understanding of finance and accounting with her expertise across corporate and tax law to play a strategic role in high value transactions for her firm. Succession being mired with complexities, she advises large Indian business families, taking into account the aspirations of the new generation joining the business, and helps with putting structures in place which not only provide for smooth succession but are also tax efficient.

Pallavi has represented the Asian region as a board member on the international committee of one of the leading global alliances of independent auditing, tax, accounting and consulting firms. She is also an independent director on the board of a very large listed company.

Pallavi authored a best-seller 'Transfer Pricing Demystified' published by Bharat Law House in 2013, which was the first book on the practical issues related to transfer pricing in India. Pallavi is regularly invited to speak at tax conferences and at various chambers of commerce such as the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Confederation of Indian Industry (CII). She has been part of the various tax committees at the Institute of Chartered Accountants of India (ICAI) and has also spoken at numerous ICAI events on complex tax issues. She is also a regular contributor to industry publications.

Pallavi graduated with distinction in commerce (Hons) from Lady Shriram College, University of Delhi. She is a fellow member of the Institute of Chartered Accountants of India (ICAI). She also holds a law degree from the University of Delhi. She is a qualified Information System Auditor (DISA) as well as an ICAI certified international tax expert.




Shefali Goradia

BMR & Associates LLP

BMR House

36 B, Dr R K Shirodkar Marg

Parel, Mumbai 400 012


Tel: +91 22 6135 7170

Fax: +91 22 6135 7070

Shefali Goradia is a partner with the firm's corporate tax practice. She has more than 24 years of experience in international tax.

Shefali specialises in cross-border taxation. She advises multinational corporations in designing global holding and operating structures, inbound and outbound investments, cross-border mergers, acquisitions and other corporate reorganisations. She works extensively with leading investment and private equity fund houses on developing and implementing domestic and international fund structures. She has advised banks in designing structured finance products. She advises several companies in hospitality and pharmaceutical industries on taxation in India. She also advises IT companies on the taxability of software and e-commerce transactions. She has obtained private rulings for several clients.

Shefali is a regular writer and lecturer on international tax topics. She had contributed the India chapter – 'Is there a Permanent Establishment?' – for the 63rd IFA Congress held in Vancouver in 2009. She was also appointed as the co-general reporter for the IFA Congress held in Mumbai, India in 2014 on the topic: 'Cross-border outsourcing – issues, strategies and solutions'.

Shefali was voted as one of the region's preeminent advisers for taxation in the 2011 Asialaw Leading Lawyers survey. She featured in the Guide to the World's Leading Banking, Finance and Transactional Lawyers 2012 as one of the outstanding practitioners in the field of investment funds and is also listed in The International Who's Who of Corporate Tax Lawyers and The International Who's Who of Private Funds Lawyers consecutively from 2009-2014. She was recognised as among the eight best Indian tax advisers by The Legal 500 and the Tax Directors Handbook 2009. Shefali represented India in Legal Media Group's Guide to the World's Leading Tax Advisers and was recognised as among the top 10 tax advisers in India in World Tax (2004-2006).



Malini Mallikarjun

BMR & Associates LLP

BMR House

36 B, Dr R K Shirodkar Marg

Parel, Mumbai 400 012


Tel: +91 22 6135 7025

Malini is a senior member with the firm's indirect tax practice in Mumbai and specialises in indirect taxes such as service tax, VAT, excise and customs duties. She has also dealt extensively with related regulations such as the Foreign Trade Policy and the special economic zone (SEZ) regulations. Malini has been with the firm since January 2005. Before joining the firm, she worked in the tax and regulatory practices at Big 4 firms. She also worked in-house for three years with an international power company and a leading India-based services company.

With more than 20 years of experience as an indirect tax specialist, she has worked with companies across industries such as manufacturing, power, IT/ITeS financial services, infrastructure and retail. More specifically, she has been involved in advising clients during various stages of their operations, including set-up, capacity expansion, construction, ongoing operations and internal restructuring, among others. Her role has spanned the provision of advisory services, providing pre- and post-litigation strategic advice including representing companies before tax and regulatory authorities, assisting in counterparty negotiations on tax matters and representing to the central and state governments on tax policy matters. She has worked with both domestic and international players on matters pertaining to all key indirect taxes in India.

Malini is a graduate in law from the National Law School of India University, Bangalore, and is also a member of the International Bar Association.

Malini is also part of the GST Working Committee of advisers constituted by the Government of Maharashtra.



Rajeshree Sabnavis

BMR & Associates LLP

BMR House

36 B, Dr R K Shirodkar Marg

Parel, Mumbai 400 012


Tel: +91 22 61357050

Rajeshree is a partner with BMR & Associates's corporate tax practice in Mumbai. With a specialisation in tax advisory and transaction tax matters, she has more than 20 years of experience in advising clients on their cross-border acquisitions and implementing the India business strategy for multinationals including implementing the integration strategy post-acquisition. She has also advised multinationals including Fortune 500 companies in the areas of tax and transfer pricing, and has assisted large Indian companies in implementing their transfer pricing across jurisdictions in the ITES sector. She works with some of the larger portfolio investors investing in India including some of the large institutional investors in managing their tax compliance and litigation in India.

Rajeshree spent almost a decade with the tax practices of Big 4 firms before joining BMR & Associates in October 2004 right from its inception and has continued to be a part of the core team since then.

Rajeshree is part of the Direct Taxation Committee with the Bombay Chamber of Commerce where she is a co-chairperson. In this capacity, she has represented India business houses and multinationals on various tax issues before the Central Board of Direct Taxes. Rajeshree is also a member of the EU Chamber of Commerce. She is a qualified chartered accountant and a company secretary.



Nanda Shah

Desai Haribhakti & Co. Chartered Accountants

701, Leela Business Park,

Andheri-Kurla Road,

Andheri (E), Mumbai – 400 059


Tel: +91 22 6672 9999

Direct: +91 22 6672 9833

Mob: +91 9820331541



Nanda joined DHC as partner providing tax and regulatory services. DHC is an exclusive member firm of Baker Tilly International.

Nanda's previous experience is with a leading law firm, Amarchand & Mangaldas & Suresh A Shroff (AMSS), Mumbai. She was heading the tax practice of AMSS. She also has experience of working at PwC, having worked in the firm's Mumbai office for more than a decade.

Over the years, Nanda has developed substantial experience within the field of corporate and international tax, focusing on corporate tax and regulatory advisory services, business restructuring, including mergers and acquisitions. She also advises clients with their tax litigation matters including strategising the approach for large litigation matters. Her clients include Indian companies as well as multinationals, including Fortune 500 companies.

With an experience of around 25 years, she strives for high client satisfaction based on sound practical solutions, which are implementable. Nanda is a qualified chartered accountant and holds a general law degree.

Nanda regularly contributes articles to tax publications and conducts conferences in the profession. She has also co-authored chapters on corporate and international tax topics.


Manisha Gupta


Karishma Phatarphekar


Saloni Roy


Parizad Sirwalla


Krupa Venkatesh


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