JSA Advocates & Solicitors advised the promoters of JSS Pro Services Private Limited (“JSS Pro”) in a cross-border deal which involved the sale of 100% of the share capital of JSS Pro to TMF Services India Private Limited(“TMF”), part of the global TMF Group.
JSA provided JSS Pro with comprehensive, end-to-end legal assistance on the transaction, covering the entire lifecycle from initial structuring and transaction strategy to documentation, negotiations, regulatory and cross-border considerations, and closing. JSA also advised on the internal restructuring undertaken as part of the transaction, including evaluation of the optimal structure, corporate and governance aspects, and ensuring alignment with the commercial objectives of the deal.
JSS Pro is a multi-functional strategic consulting and operational services firm providing scalable outsourcing and global capability centre (GCC) solutions to multinational clients. The company partners with global enterprises to build and scale high-performing operations in India and works closely with them across several areas like productivity, business planning, global taxation strategies, legal and regulatory services and digital transformations.
TMF is part of the TMF Group, a global professional services firm that provides critical administrative, compliance, accounting, tax, HR, and payroll services to corporations, financial institutions, and private clients worldwide.
The JSA team was led by Upendra Nath Sharma, Partner; with support from the Mergers and Acquisitions team consisting of Zeni Arora, Principal Associate; Konark Singh, Senior Associate; and Yash Wardhan Tiwari, Associate.
Further support was provided by the Direct Tax team comprising Kumarmanglam Vijay, Partner and Head of Practice, Direct Tax; and Surajkumar Shetty, Partner.
Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.