Rajiv Luthra (1957–2023) was an Indian Chartered Accountant (CA), lawyer, businessman and philanthropist who co-founded Luthra & Luthra – Law Offices India in 1989. He died on 10 May 2023 in Delhi.
Contents
Wiki/Biography
Rajiv Krishna Luthra was born on Wednesday, 1 August 1957 (age 65 at the time of death) in New Delhi, India. His zodiac sign is Leo. He did his schooling from The Air Force School, Subroto Park, St. Xavier’s High School and Methodist High School. In 1968–69, he joined the Air Force Bal Bharti School (AFBBS) in Delhi, where he was House Captain for four years. However he later left school. Talking about his change of school in an interview, he said,
There were mainly female teachers in Balbharti, hence there was a holiday on Karva Chauth; So my father said how can you stay in a school where there is a holiday on Karva Chauth. So they shifted me from there.”
After completing his schooling, he joined The Institute of Chartered Accountants of India (ICAI) where he studied Chartered Accountancy. While pursuing his Chartered Accountancy, he did several articleships at various places. After completing CA, he started working with his father as an accountant in his firm; He worked for the company for seven years before leaving the job. Subsequently, he earned a bachelor’s degree in law from Delhi University. He completed several law courses at Harvard Law School in Cambridge, Massachusetts.
Physical Appearance
Height (Approx): 5′ 9″
Hair Color: Salt and Pepper
Eye colour: dark brown
Family
parents and siblings
His father, Anirudhar Krishna Luthra, served in the Indian Air Force. His mother’s name is Ved Luthra.
An old picture of Rajeev Luthra’s mother and father
He has two siblings, Amit Luthra and Rashmi Uday Singh. Amit is a professional golfer and Rashmi is a businesswoman.
A picture of Amit Luthra
A picture of Rashmi Uday Singh
wife and children
His wife Gayatri Luthra is an entrepreneur. They have two daughters, Sana Krishna Luthra and Arshiya Krishna Luthra.
A picture with Rajiv Luthra’s wife Gayatri Luthra
A picture of Rajiv Luthra with his daughters Sana and Arshia
livelihood
Luthra & Luthra – Law Firm
After completing his LLB, Rajeev Luthra co-founded Luthra & Luthra – Law Office India, a law firm in New Delhi with Mohit Saraf in 1991. The firm later started working with famous industrialists and businessmen, taking care of their taxes and financial assets and giving them legal advice. Subsequently, his company was contracted by an American-based company to work in a consultant capacity and help them do business in China. Through his law firm, Luthra played a key role in the merger of Coca-Cola and Parle Bisleri in 1993. His firm played a key role in the $4 billion project merger of Sun Pharma and Ranbaxy in 2015. In 2018, Luthra canceled the appointment of Mohit Saraf due to a dispute over stake in the following partnership. In an interview, Rajiv talked about terminating Mohit’s appointment and said,
To explain his point, on October 12, 2020, he (Mohit Saraf) sent me a notice and retired me from the firm. Of course he had no such authority. Immediately after this letter, he sent a detailed email to a company informing everyone that I had retired from the company. That same evening he intended to distribute the equity I had to others. This left me with no option but to wind up the firm in order to save it and save the fortunes of the clients who would suffer due to the dissolution of the firm.
Later Mohit Saraf filed a case in Delhi High Court against his dismissal. In 2021, High Court Justices RS Endlaw and Sanjeev Narula delivered their verdict in Saraf’s favor and asked Luthra to pay Rs. Apart from this Rs 52 crore. Rs.25 crore as bank guarantee. The company suffered another setback in July 2022 when its litigation department left it and joined DSK Legal. As of 2023, the law firm has over 350 employees and has branches in Mumbai and Bengaluru. He later played a key role in drafting and introducing amendments to the Copyright Act of 1957.
Rajeev Luthra during an event organized by Luthra and Luthra
Bar and Court
- Supreme Court Bar Association
Rajiv Luthra sitting in his chamber in the Supreme Court
- International Bar Association
- Inter-Pacific Bar Association
- International Union of Advocates
Membership of committees, boards and advisory bodies
- Round Table on Legal Education (An Initiative of the Department of Higher Education, Ministry of Human Resource Development, Government of India)
- National Executive Committee of Federation of Indian Chambers of Commerce and Industry (FICCI)
- National Executive Committee of Confederation of Indian Industry (CII)
- Member of Governing Body of BML Munjal University
- International University of Legal Education and Research: Nominated by The Bar Council of India
- High Level Advisory Group (HLAG): Appointed by the Commerce Ministry to formulate India’s trade policies
- Appointed as a member of the High Level Committee on Corporate Social Responsibility – 2018: Ministry of Corporate Affairs
- CII Task Force on Legal Services 2019-20: Tasked with policy advocacy on legal services/legal reforms in the country
- Convener of the Joint Economic and Trade Committee (JETCO), Ministry of Commerce: Formed to advise the Government of India on the liberalization of legal services under the General Agreement on Trade in Services (GATS), between India and the UK.
- Board of Governors of National Law School of India University
- Advisory Board of Competition Commission of India
- Competition Advocacy Steering Committee
- Advisory Board of National Law University, Jodhpur
- Advisory Board of BML Munjal University, School of Law
- City of London Corporation India Advisory Council
- National Competitiveness Policy: An Expert Panel to Prepare the 11th Five Year Plan by the Planning Commission of India
- High Level Committee of Securities and Exchange Board of India
other companies
On 9 September 2000, Rajiv established Petroleum Helicopters India Private Limited. He became the director of AFC Network India Private Limited on 24 November 2008. On 12 August 2013, he took over as Director of DLF Limited. On 27 November 2014, Rajiv Luthra became the director of Network18 Media and Investments Limited. He established Mylan Laboratories Limited in Hyderabad on 30 March 2015. On 31 March 2015, he established a law firm named Lex & Legal Services LLP in Delhi. On 12 October 2015, he assumed the position of Director of TV18 Broadcast Limited. He assumed the position of Director of First Source Impex Private Limited on 16 February 2023. He was appointed as the Director of Kairos Edutech Pvt. Ltd. on 19 February 2023.
Awards, Honors, Achievements
- Market Leader: Banking, Finance and Corporate by IFLR1000 in 2022
- Chambers & Partners Asia-Pacific 2022 and Chambers & Partners Global Eminent Practitioner for Corporate/M&A in 2022
- External consultation appreciated by in-house community
- Mentioned in India Business Law Journal’s A-List – Top Lawyers in India 2021
- Leader for Project Finance Practice by Who’s Who Legal in 2021
- Hall of Fame for Corporate Buy India by The Legal 500 in 2021
- Mentioned in Forbes India Legal Powerlist list of Top Managing Partners in 2020
- India Business Law Journal’s Top 35 Legal Symbols in 2020, India
- LegalEra India Award in the Managing Partner of the Year category in 2020
- ALB India Law Award in the Managing Partner of the Year category in 2020
- Qadat Al Tagheer Awards 2019 under Excellence in Business Transformation Category in UAE
A photograph of Rajiv Luthra taken while receiving the Qadat Al Tagheer Award in the United Arab Emirates in 2019
- Forbes India Leadership Award in 2017
- Asia’s Most Promising Business Leader Award by the Economic Times Asian Business Leaders Conclave in 2016
Asia’s Most Promising Business Leader Award to Rajeev Luthra
- National Law Firm of the Year Award by IFLR in 2015
Rajeev K. Luthra has received the National Law Firm of the Year Award.
- International Jurist Award by the Attorney-General and Chief Justice of the United Kingdom
- Lifetime Achievement Award in the International M&A Sector at the 4th Annual International M&A Advisor Awards in New York
- Asian Business Leadership Forum Excellence Awards’ Legend in Indian Corporate Law and Ace Legal Eagle for expertise in Indian corporate law, tax, regulatory and compliance laws recognition.
- National Law Day Award by the Government of India in 2008
A photograph of Rajeev Luthra when he was receiving the National Law Day Award from Manmohan Singh in 2008
Death
On 10 May 2023, Rajiv K Luthra breathed his last in Gurugram, Haryana at the age of 65. According to sources, Rajeev was undergoing treatment for his illness at Medanta Hospital. His last rites were performed in New Delhi on 11 May 2023.
Facts/General Knowledge
- Rajeev Luthra was fondly called Thud by his friends and family.
- Rajeev used to smoke pipe.
Rajeev Luthra smoking a pipe
- Rajeev was an ardent follower of Sadhguru and his teachings.
Rajiv K with Sadhguru. Luthra
- Before starting his law firm in 1989, Rajiv Luthra founded a travel company in New Delhi.
- Rajiv Luthra was multilingual and was fluent in English, Hindi, Punjabi, Urdu and Japanese.
- Rajeev was an avid golfer and spent his free time playing golf.
- Rajeev Luthra played a key role in the launch of Pro Kabaddi League in India in 2014. The league was founded by Mashal Sports with Rajiv as one of the directors. Talking about this, Rajiv said in an interview,
This game is huge in rural India, this is where the next big growth in the Indian economy will come from. “Now is the time to give ourselves a new game to breathe.”
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Categories: Biography
Source: vcmp.edu.vn