In Private Client space, Mr. Shroff is rated as one of India’s finest family business advisers. He specialises in family governance issues, including the preparation of family constitutions and settlements, trusts, wills and succession planning. He provides succession, taxation, estate and wealth planning advice to wealthy individuals and their families, who are often promoters of large family businesses. He also provides related advice to trustees and other private client service providers, such as family offices and institutional/corporate trustees. He advises on a number of issues, including the creation and management of domestic trusts, along with advising both trustees and beneficiaries in relation to their relative rights, responsibilities and obligations. He also frequently advises on complex issues arising under the Indian exchange control regime and also regarding listed companies. He also advises on a number of charitable and philanthropic endeavours, including on India’s statutory Corporate Social Responsibility regime.
He is part of the Firm’s corporate team, specialising in foreign investments into India, private mergers & acquisitions and joint venture transactions. He had also worked in the Firm’s Projects & Projects Finance (infrastructure) team for two years (2007–2009). Mr. Shroff is the Co-Head of the Firm’s Japan Desk and works with Japanese clients frequently. He has been a part of the Japan Desk for over 14+ years, and during this time has advised a number of leading Japanese and international companies on their investments into India. He is responsible for managing the Indo-Japanese transactions handled by the Firm, and for building and maintaining relationships with its clients in Japan.
Rishabh was featured in detail in a landmark publication on family business and the next generation of corporate India, “The Inheritors: Stories of Entrepreneurship and Success” by Sonu Bhasin (Penguin Books, November 2017). The said book talks about his journey in his own business and how those personal experiences have helped him better understand the dynamics between family & business.
He is the Philanthropy Ambassador for WWF India, and also a member of the Advisory Board for WWF India. As an active philanthropist and someone who is deeply concerned about the environment, he works closely with WWF India on various policies, initiatives and activities through the year, including matters of environmental policies and changes.
He is also extremely active in the public space, leading the conversation with the next gen of India Inc., and also unicorn founders and the like.
He is the Co-chair of the FICCI Young Leaders Forum (FYL), and also the Founding Chairman of the FYL Maharashtra Chapter.
He is Fellow of The American College of Trust and Estate Counsel (ACTEC). He is a Senior Committee Member of Confederation of Indian Industry (CII) Western Region Family Business (FBN) Committee and Trust & Estate Practitioner (TEP), Society of Trust Estate Practitioners (STEP) and Former Founder / Director and Senior Member of ‘STEP Estate Planning India Private Limited’, the Indian Chapter of STEP.
Rishabh was recently featured in the Economic Times 40 under Forty rankings in 2022, and is recognised as one of the India Inc. leading voices.
He appeared in the Top Individual Lawyers (over 10 years’ experience) of Forbes PowerList 2021 and was recognised as 50 Up and Coming Future Legal Leaders by Indian Business Law Journal (IBLJ). He has continuously ranked as one of the top specialist private client / family business lawyers’ in the world, by the UK’s prestigious legal publication Legal Week since 2017. He was featured in Legal Week’s & the American Lawyer’s flagship publication, Private Client Global Elite. In 2017, he was the only lawyer from India, and one of only a handful in Asia, to achieve this recognition.
He is recognised as a ‘Leading Individual’ by the Legal 500 Asia Pacific 2022 and has ranked as Band 1 by Chambers & Partners Chambers HNW 2017 & 2016 Guide. He has been rated as one of Asia’s ‘40 Under 40’ lawyers by Asian Legal Business 2018. He was awarded as the ‘Most Promising Private Client Professional’ award by the India Wealth Awards 2019, Association of Wealth Management of India. He is bestowed with the ‘Private Client Lawyer of the Year 2015’ award by the prestigious publication, ‘The Asian Lawyer’ in 2015 and also is presented with the ‘Rising Star’ Award at the ‘Legal Era Gennext Congress & Awards’ in 2016.
“Always focus on your personal balance sheet, not only your profit and loss statement. A balance sheet in relationships is what causes the phone to ring, the profit and loss is what you do after the phone rings.”
“Rishabh Shroff is very clever, very strategic, focussed, and delightful to work with.”
Chambers & Partners
HNW 2020 - Private Wealth Law
Rishabh Shroff is the Co-Head of the Private Client practice, and is also the Head of International Business Development at the Firm.
After completing his LL.B from the London School of Economics, London, he joined the Firm in September 2007. He was admitted as an advocate in the Bar Council of Maharashtra & Goa (India) in 2007. He is also a Solicitor, Supreme Court of England & Wales.