CAM tax head Daksha Baxi sets up independently with tax solutions for ‘globally mobile’ individuals & orgs [UPDATE-2]

Cyril Amarchand Mangaldas (CAM) head of international tax and director Daksha Baxi has started up her own firm, SRI Solutions, in Mumbai, according to her LinkedIn profile.

She had joined CAM in 2018 from Khaitan & Co.

Her daughter, Pooja Baxi-Patel who had joined CAM at the same time as Baxi as a corporate partner, is remaining at the firm.

Update 15:46: As pointed out in the comments, Baxi-Patel is still a corporate partner but also deputy-head of international business development; she very much also continues doing fee-earning work, however.

Managing partner Cyril Shroff had told Bar & Bench: “Daksha had a 3 year contract with us and had now retired as per our retirement age policy. She made a valuable contribution during her stint with us. We wish her well and hope she enjoys her retirement thoroughly.”

We have reached out to her and CAM for comment.

Update 17:11: Baxi said: “I have had a wonderful time at CAM. Worked with some of the most brilliant and brightest lawyers and on some really path breaking transactions and issues.

“It is time for me to move on to focus on my passion. This means doing some fundamental research to provide some solutions through that; some out of the box thinking; write books, thought leadership articles and provide advice and solutions to smaller outfits and individuals on complex tax and cross border issues.

“I believe life for globally mobile individuals has become complex and I am keen to help them so that they are not caught off guard.”

Daksha BaxiWork history From: Apr 2021: Founder, SRI SolutionsSelf-employed (Mumbai) May 2018 - Apr 2021: Head - International Taxation, Cyril Amarchand Mangaldas (Mumbai) Jun 2007 - Apr 2018: Executive Director, Khaitan & CoEducation 1970 - 1973: Manchester Metropolitan University, 1973 - 1976: Institute of Chartered accountants in England & Wales, Chartered Accountant

Comments

Dooja 1 Jun 2021, 06:57
+56 -1
Covid made her reevaluate her life choices and she decided to start her own platform
No CAM do 4 Jun 2021, 02:34
+8 -1
Basically she does not want to work at CAM anymore,whether platform big or small.....she could not even be declared an avid fan of the firm like Arjun....ha ha ha.....it's open that CAMs seeing major partner exits and I think scrambling with weird comments to depict it as regular course makes it worse.
DB reality 1 Jun 2021, 06:58
+44 -1
She is rejoining KCO. This is just to get over her non compete
Cammie 1 Jun 2021, 07:21
+37 -1
Oxford Dictionary to define CamExit. It’s used frequently enough.
Guest 1 Jun 2021, 08:05
+17 -0
Old news. She’s been gone for months.
Breaking News 1 Jun 2021, 08:27
+8 -1
Very relevant for the industry?
SCAMSTER 1 Jun 2021, 09:13
+9 -0
CS's statements on these exits reminds me of a Hindi proverb -- "rassi jal gayi par bal nahin gaya". in other words,

"In arguing too, the parson owned his skill, For e'en though vanquished, he could argue still\"
Daughter 1 Jun 2021, 09:17
Troll Contested
+15 -10
As per CAM’s website, her daughter also ha been moved to non-legal role.
Beti Bachao 2 Jun 2021, 16:38
+6 -1
Truely well deserved move. That calls for an exit.
well 2 Jun 2021, 18:57
+4 -1
good decision.
Disaster Management 3 Jun 2021, 08:43
+10 -1
The firm needs to insure against disaster.
Not retired 1 Jun 2021, 10:34
+24 -9
That’s what happens when you leave nice KCO culture for CAM. You get put to pasture. How is she retired if she is running her own firm and actively working. Cyril statements get weirder by the day.
Kumarr 1 Jun 2021, 12:53
+31 -6
Nice KCO Culture????

What are you smoking or have you also decided to brush various problems which have surfaced off late at kco? Eg: (1) harassment complaints and botched redressal thereof; and (2) alleged overwork of young associates to their breaking point.
Fact check 1 Jun 2021, 12:56
+20 -7
Nice KCO culture = Oxymoron

[img]https://media2.giphy.com/media/3xz2BLBOt13X9AgjEA/200.gif[/img]
Double 1 Jun 2021, 10:44
Troll
+16 -22
This new trend amongst nouveauxs, the faux double barrelled surname, is cringey.

It's barely tolerable for an Englishman of no consequence to do so, it's utterly nauseating to see, random Indians do it.

We don't have name and arms clauses in this country: https://www.oxfordreference.com/view/10.1093/oi/authority.20110803100221953

TLDR: You're an Indian, not a daughter hailing from the Sutherland-Leveson-Gower family.
Your lordship! 1 Jun 2021, 11:11
+6 -5
[img]https://media0.giphy.com/media/3o7abKhOpu0NwenH3O/200.gif[/img]
Eyeroll 1 Jun 2021, 12:25
+26 -3
Some people want to retain their maiden names (that's the word unfortunately) along with taking the last name of their spouse. Some people don't change their names at all. What's your problem.
Double 2 Jun 2021, 00:20
Troll
+1 -3
[quote]retain their maiden names
[/quote]
Yes, most empowering, retaining one's father's surname.

[quote]along with taking the last name of their spouse.[/quote]

Surname (that's the word unfortunately).

[quote]What's your problem.[/quote]

Yes and No.
Guest 2 Jun 2021, 10:23
+3 -0
Abbe dudebro it is more empowering to retain your own father’s last name than taking on your husband’s father’s last name??? Ladke bhi apna last name baap se hi lete hai koi last name ugne wala ped nahi hota please go back to school and pick up Shakespeare again
Guest 2 Jun 2021, 11:16
+2 -1
Time to do away with surnames altogether. #downwithsurnames
Double 3 Jun 2021, 07:41
+3 -1
[quote]???[/quote]

Make up your mind, are you (I hope) asking a question? Or making some cringey assertion.

[quote]last name ugne wala ped nahi hota[/quote]

Beta angreyjee dictionary kholo and check karo and check "family tree".

[quote]please go back to school[/quote]

Will do, soon after you pass Jnr and Snr KG.

[quote]Shakespeare[/quote]

Padha likha jaahil, a distinct clan/dynastic identity, signified by one's surname is a major theme to the play.
Guest 1 Jun 2021, 12:27
+14 -1
Did they take money from you to do the affidavit?
BMKJ 1 Jun 2021, 13:33
+15 -2
OP, after a long day of gatekeeping Indian-ness [img]https://media0.giphy.com/media/26n61vMDeV5nt23m0/200.gif[/img]
Double 2 Jun 2021, 00:23
Troll
+3 -4
[quote]Indian-ness[/quote]

You really should learn to read, if you think "Indian-ness" (whatever that is) was what I emphasised.
Quadruple 2 Jun 2021, 06:08
+15 -2
"nouveaux.. ", ".. in this country"..

Sounds like some geriatric almost has been who sips their cheap gin, saying "this is not ok" and "that's not acceptable" to everything in the world, with the creeping realisation that they've always been irrelevant, and are now nearing extinction. 😈
Double 3 Jun 2021, 07:30
+3 -1
[quote]Sounds like....[/quote]

Hush now [img]https://i.imgur.com/thpI56p.jpg[/img]
Orly 1 Jun 2021, 10:48
+31 -0
Retirement Age policy? Made only for one person I suppose since many older people have been part of the firm at various times and in various capacities.

Like I said:

[img]https://media3.giphy.com/media/a3zqvrH40Cdhu/200.gif[/img]
Anywhere But CAM 2 Jun 2021, 00:18
+10 -0
The pandemic has made everyone at CAM"reevaluate" and quit, starting off a season of Anywhere but CAM.And CS busy with odd comments to explain the exodus from CAM.
Guest 6 Jun 2021, 12:21
+4 -0
There are LI repirts of CAM is recruiting retired professionals with finance regulatory and banking background.I don't buy this while retirement story.Bad news galore of CAM partner exits circulating all around.
Jai 60s 1 Jun 2021, 12:38
+5 -0
Does L&L have any retirement policy? It has a lot of post-retirement people.
Ex CAM 1 Jun 2021, 13:42
+10 -0
Why would anyone leave a flourishing practice she was heading at KCO to move to a place for only 3 years. Daal me Kuch Kaali hai
Guest 1 Jun 2021, 14:01
+8 -3
KCO misses and needs you back Ma'am!
Kaali Dal 2 Jun 2021, 16:40
+5 -0
Kaali Dal hai
Retirement Age 1 Jun 2021, 14:36
+25 -0
According to Cam’s policy, when shall Cyril retire please ?
spare us 6 Jun 2021, 10:36
+2 -0
Yes,the legal sector could use a break from his weird comments on the non-stop exit from CAM.
Dust 3 Jun 2021, 12:01
+6 -4
Only people who perforn and have a good book of their own stay rest all will perish, retire or teach yoga at Nandi Hill(s)
Superfluous 4 Jun 2021, 09:01
+1 -1
"We wish her well and hope she enjoys her retirement [thoroughly]"

I think the last word in Cyril's statement could have been left out.

(And if you don't enjoy your retirement "thoroughly", then too bad...no re-boot...only final exit!)
Heavens help 4 Jun 2021, 11:03
+7 -0
CSS says that Trilegal smaller platform.CSS says that Arjun is an avid fan of the firm though he's leaving the firm for yoga CSS says that he hopes Daksha should enjoy her retirement thoroughly.For heavens sake somebody stop the stampede of partner exits from CAM,so we don't need to keep with what all CSS says.
Statesman 4 Jun 2021, 14:32
+3 -0
Does the statement mean she was retired?
strange 11 Jun 2021, 15:24
+2 -0
There is news of CAM hiring regulator retirees bench and here they are retiring a tax practise partner.strange.