PRESS RELEASE
28 August 2026

JSA Advises Gelos Solren Private Limited, An SPV Of Mahindra Susten, On INR 875 Crore Rupee Facility From EXIM Bank

J
JSA

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
JSA advised Gelos Solren Private Limited, an SPV of Mahindra Susten, as borrower’s counsel in relation to a rupee facility for an amount not exceeding INR 875 crore...
India

JSA advised Gelos Solren Private Limited, an SPV of Mahindra Susten, as borrower's counsel in relation to a rupee facility for an amount not exceeding INR 875 crore, including a letter of credit facility of up to INR 600 crore as a sub-limit of the rupee facility, proposed to be availed from Export-Import Bank of India (EXIM Bank).

JSA has advised Gelos Solren Private Limited, SPV of Mahindra Susten, as the borrower's counsel in relation to the rupee facility for an amount not exceeding Rs. 875 Crores including letter of credit facility for an amount not exceeding Rs. 600 Crores as a sub-limit of the rupee facility, proposed to be availed by Gelos Solren Private Limited from Export-Import Bank of India.

The JSA team was led by Karan Mitroo, Partner, with Purvi Dabbiru, Partner, and Shantanu Awasthi, Senior Associate, advising on the transaction.

Contributor

JSA Advocates and Solicitors is a top-tier, full-service Indian law firm. Established in 1991, at the start of India’s economic liberalisation, the firm has built a strong reputation for handling complex and high-stakes legal and commercial matters. The firm is organised around specialist practice areas and industry sectors. It works closely with leading Indian corporates, Fortune 500 companies, global financial institutions, and government and statutory bodies on important corporate, financing, and disputes mandates. JSA has a team of over 700 legal professionals, including 180+ partners, and operates from 10 offices across seven cities in India: Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai, and New Delhi. The firm is consistently recognised as a top-tier practice by leading international legal directories, including Chambers & Partners (Asia-Pacific and Global), Legal 500, and AsiaLaw.
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