Singapore’s sovereign-backed investment company Temasek Holdings has appointed Aman Dwivedi as Vice President — Legal and Regulatory, India, deepening its in-house legal bench at a moment of rapid portfolio expansion. Dwivedi joins from Khaitan & Co, where he was a partner handling private equity, venture capital and cross-border deals
Dwivedi’s switch from a top law firm to a marquee in-house role highlights a shift playing out in India’s legal market. In the last few months Shardul Amarchand Mangaldas & Co partners Pooja Singhania and Akshay Sachthey have joined KKR and Pine Labs respectively, while Cyril Amarchand Mangaldas partner Vishrut Jain became Head of Legal at SMBC Global Services. These hires signal a growing premium on in-house roles that combine deal leadership with operational depth, experts say.
Senior lawyers are increasingly valuing first-hand influence on business strategy and governance over the traditional law firm partnership treadmill where billable targets and client acquisition remain relentless. The shift also reflects corporate India’s evolution, where legal teams are now key stakeholders in risk management, regulatory strategy and cross-border transactions.
For Temasek, Dwivedi’s arrival strengthens its internal firepower at a time when regulatory scrutiny and complex cross-border deals demand tighter legal oversight. The firm’s India portfolio has climbed to about $50 billion, making the country one of its largest markets outside Singapore. It now accounts for roughly 8 per cent of Temasek’s global investments, up sharply in recent years as China exposure has declined. Temasek is actively deploying $3-4 billion a year in opportunities across financial services, healthcare, digitisation and consumer sectors, and has struck marquee deals including a stake in Haldiram’s and expanded positions in other Indian assets.
