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The Counsel’s Compass: Atindra Basu on Law, Leadership & Resilience

The Counsel’s Compass: Atindra Basu on Law, Leadership & Resilience
  1. BRIEFLY, TELL US ABOUT YOUR ROLE IN THE ORGANIZATION AND THE MANDATES YOU HANDLE
    As Group General Counsel & Company Secretary at Greaves Cotton Ltd., I lead the legal, compliance, secretarial and audit and assurance function with a mandate spanning corporate strategy,  overnance, and risk mitigation. My work involves managing M&A, corporate restructuring, licensing, litigation, compliance, and corporate governance. I also oversee contract management, real estate transactions, and influence the external policy environment through industry engagement. My role is equally about being a strategic business partner—enabling growth while safeguarding the organization from legal and reputational risks.
  2. TELL US SOMETHING ABOUT YOUR JOURNEY SO FAR AS A GENERAL COUNSEL IN INDIA
    My in-house journey began immediately after qualifying in 2001, with Hindustan Unilever Limited, and has since spanned leadership roles at Abbott, Marico, Johnson & Johnson, Jyothy Laboratories, GSK, Cipla, and now Greaves Cotton. Over the last 23+ years, I have grown from a specialist legal officer to a generalist leader, handling multi-jurisdictional legal issues, closing complex transactions, and managing diverse teams across industries. Each role has reinforced my belief that a GC must be both a custodian of compliance and a catalyst for business transformation.
  3. DO YOU FEEL THAT THE ROLE OF GENERAL COUNSELS IS EVOLVING IN TODAY’S BUSINESS SCENARIO? AND IF SO, HOW?
    Absolutely. The GC’s role has evolved from being a reactive legal advisor to a proactive business strategist. Today, GCs are expected to influence policy, drive ESG initiatives, support digital transformation, and be part of the decision-making at the board level. We are now seen as “solution architects,” balancing risk with opportunity, and navigating not just legal complexities but also geopolitical, technological, and reputational challenges.
  4. WHAT ARE THE KEY CHALLENGES THAT GENERAL COUNSELS HAVE TO DEAL WITH ON A REGULAR BASIS, IRRESPECTIVE OF THE INDUSTRY SECTOR – FROM A BANI WORLD PERSPECTIVE?
    • The BANI framework—Brittle, Anxious, Non-linear, Incomprehensible—captures the very environment in which modern General Counsels operate. The legal function today must be designed not just for compliance but for resilience and adaptability.
  1. Brittleness – Fragility of Business Models & Legal Frameworks
    • Even seemingly robust corporate structures can fracture overnight due to a sudden regulatory ban, an adverse court ruling, or a geopolitical shock.
    • Example: A sudden shift in import regulations made a key overseas supplier ineligible, disrupting a critical manufacturing input. The legal challenge wasn’t just re-negotiating supply contracts— it was about rapidly securing alternate sources while ensuring compliance with trade and competition laws, all under intense board scrutiny.
    • Lesson: Legal teams must build “shock absorbers” into contracts and governance frameworks so that brittle dependencies don’t trigger systemic breakdowns.
  2. Anxiety – Heightened Stakeholder Sensitivities
    • Boards, investors, employees, and regulators are increasingly anxious—about compliance, ESG performance, cyber risks, and reputational exposure.

    Example: A safety incident at a manufacturing facility led to a spike in employee anxiety and regulator attention. The GC’s office had to manage multilayered communications—simultaneously reassuring the workforce, satisfying the regulator’s queries, and equipping the board with a transparent legal risk assessment—before the narrative spiralled into reputational damage.

    Lesson: In an anxious environment, GCs must be not just legal advisors but narrative managers—able to address concerns quickly and credibly before fear hardens into distrust.

  3. Non-linearity – Disproportionate Risk-Reaction Loops
    • In a non-linear risk environment, small incidents can escalate into fullblown crises with unexpected global reverberations.
    • Example: A minor IP infringement claim in one jurisdiction unexpectedly triggered a domino effect of challenges in other markets where the product was sold, as competitors used the case to question rights and licensing terms.
    • Lesson: Risk mapping in a BANI world must account for network effects—a single spark in one market can set off legal, regulatory, and reputational fires globally.
  4. Incomprehensibility – Complexity Beyond Current Legal Understanding
    • Emerging technologies, changing ESG norms, and novel regulatory regimes often operate in “grey zones” where even the law is unsettled.
    • Example: While advising on a cross-border tech licensing deal involving AI-driven products, the team encountered multiple jurisdictions where legal frameworks for AI liability were undefined. The challenge was to draft agreements that pre-emptively allocated risks, knowing that future legislation could shift the balance.
    • Lesson: Incomprehensibility demands foresight contracts—agreements and governance structures flexible enough to adapt to evolving legal interpretations.
    • In summary, a GC in the BANI world must be:
      • A structural engineer – reinforcing brittle systems before they break.
      • A calming presence – addressing stakeholder anxiety with legal clarity.
      • A scenario planner – anticipating disproportionate ripple effects.
      • A translator of the unknown – making the incomprehensible actionable. It’s no longer enough to “manage legal risk”; the modern GC must design for resilience so the organisation thrives amidst volatility.
  5. WHAT ARE YOUR THOUGHTS ON IMPROVING SYNERGIES BETWEEN LAW FIRMS AND CORPORATE INHOUSE LEGAL TEAMS?
  6. The key lies in moving from a transactional to a partnership mindset. Law firms must understand the business context, risk appetite, and industry dynamics of the client, while in-house teams should leverage law firms’ specialized expertise rather than replicate it internally. Co-creating knowledge, running joint training programs, and aligning on KPIs beyond just “winning cases” can significantly improve outcomes. Also in house counsels should use the Law Firms to influence the law making by the Government to avoid unnecessary confusion and interpretation issues, thereby bringing in clarity in the legislation.

  7. WHAT ARE SOME OF THE KEY TOOLS THAT GENERAL COUNSELS CAN USE FOR CONTINUED LEARNING EDUCATION (CLE)?
  8. I believe in a mix of formal and informal learning:

    • Executive legal programs from global universities.
    • Industry-specific compliance certifications.
    • Active participation in legal and industry forums.
    • Reverse mentoring from tech and data experts.
    • Case study reviews of landmark judgments and regulatory changes.
    • Digital tools such as legal research AI platforms and compliance management systems.
  9. ANY ADVICE FOR SOMEONE EXPLORING A LEGAL CAREER AS AN IN-HOUSE COUNSEL?
  10. Start with building strong fundamentals in corporate and commercial law, but also develop business acumen. Be curious about how your company makes money and where the risks lie. Build relationships across functions—not just within legal. Learn to communicate legal advice in business language. And remember, credibility is earned over time through integrity, sound judgment, and the ability to say “no” when necessary.

ATINDRA NATH BASU
Group General Counsel & CS
Greaves Cotton Ltd.

With over 23 years of experience in corporate law, governance, and dispute management. He has previously held leadership roles at Cipla, GSK Consumer, Johnson & Johnson, Abbott, and HUL, managing complex regulatory, litigation, and cross border legal matters. His research interests include corporate governance frameworks, regulatory compliance, and the evolving role of in-house counsel in India and globally.

THE CASUAL YOU FAVOURITE GADGET

iPhone 14, always by my side

FAVOURITE APP

Transcend, my go-to app

FAVOURITE AUTOMOBILE – My

Safari, the car I love to drive

FAVOURITE WRITING INSTRUMENT – My

fountain pen, with me for years; its simplicity still amazes me

FAVOURITE HOLIDAY DESTINATION –

Vrindavan, special to me — no explanation needed

FAVOURITE CUISINE – Bengali sweets, a delight I can never resist

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