Intellectual Property

Khaitan & Co advised Sage in relation to the acquisition of Fyle. Fyle makes expense management effortless and instant for small and medium sized businesses by automating every interaction between employees, finance teams, and accounting systems. Its AI-driven platform embeds receipt capture within everyday apps and surfaces real-time insights to slash month-end close times. Sage is a global leader in accounting, financial, HR and payroll technology for small and mid-sized businesses.

Khaitan & Co advised Hexaware Technologies Ltd, a listed Indian entity, and its affiliate, in their acquisition of Target Entities (SMC Squared, LLC, Tech SMC Square India Pvt Ltd and Tech SMC Squared (GCC) India Pvt Ltd).

Khaitan & Co acted as the legal counsel to Milky Mist Dairy Food Ltd and its Promoters, Sathishkumar and Anitha, on the filing of the draft red herring prospectus for its proposed initial public offering of equity shares aggregating up to INR 20,350.00 million, comprising a fresh issue and an offer for sale.

Khaitan & Co represented Inox India Ltd. in a significant IP dispute before the Supreme Court of India concerning the overlap between copyright and design law in the context of engineering drawings used in cryogenic storage systems.

The case stemmed from a suit filed by Inox alleging copyright infringement and misuse of confidential information by Cryogas Equipment Pvt. Ltd. and LNG Express India Pvt. Ltd. While the Commercial Court in Vadodara rejected the suit under Section 15(2) of the Copyright Act, the Gujarat High Court allowed the matter to proceed to trial.

Khaitan & Co Advised Multiples Private Equity Fund in relation to acquisition of control and stake of ~32% in VIP Industries Ltd ("Target Company") for an aggregate consideration of c. INR 1763 crores by Multiples Consortium. The Acquirer would be acquiring shares and control of the Target Company through (a) secondary acquisitions; (b) shareholder's arrangement; and (c) mandatory tender offer.

Khaitan & Co advised Sovos Compliance Ltd on acquisition of IRIS Business Services Limited’s GST Application Service Provider business through a carve-out of the business into IRIS Logix Solutions Pvt Ltd (a subsidiary of IRIS Business Services Ltd) and the subsequent acquisition of IRIS Logix Solutions Pvt Ltd. Deal closing is subject to fulfilment of Closing conditions. 

The Firm advised Sovos Compliance Limited on the due diligence, structure of the transaction, drafting, negotiating, and finalisation of transaction documents, and assistance with closing.

Khaitan & Co advised Triton Fund II (Triton) with respect to its minority investment in Gyankaar Technologies Pvt Ltd (Company), in its Series A5 funding round.

PagarBook, an application operated by the Company, is a leading provider of HRMS solutions for SMBs, facilitating efficient management of staff attendance, salary processing, making payments and undertaking labour law compliances.

Khaitan & Co advised Torrent Pharmaceuticals Ltd on its proposed acquisition of a stake in J.B. Pharma from KKR, valuing J.B. Pharma at INR 25,689 crores. The deal includes acquisition of KKR’s 46.39% stake in J.B. Pharma for INR 11,917 crores, an open offer for acquisition of up to 26% stake of J.B. Pharma, a potential 2.80% stake purchase from certain employees and a proposed merger of J.B. Pharma with Torrent. 

Khaitan & Co advised Galderma Holdings S.A., acting in India through Galderma India Pvt Ltd (‘Galderma’) which has been facing significant challenges due to the increase in sale of counterfeit goods bearing its trademarks ‘CETAPHIL’, on the e-commerce platforms as well as in local markets. On 18 June 2025, the Bombay High Court granted Galderma a John Doe order, which allowed Galderma to conduct search and seizure operations. Following the order, Galderma’ and Khaitan & Co.