Asia-Pacific Guide 2026 : India
Ranked Individuals
Provided by Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas has one of India's leading Banking & Finance practices, distinguished by its broad capabilities, national platform, and strong understanding of clients' commercial objectives in a rapidly evolving regulatory environment. The team advises on the full spectrum of financing transactions and banking regulatory matters, integrating capabilities in dispute resolution, M&A, private equity, tax, and real estate to provide end-to-end solutions through each stage of a transaction.
The firm advises domestic and international banks, private equity sponsors, institutional investors, NBFCs, multilateral institutions, asset reconstruction companies, and corporate borrowers — including Axis Bank, HSBC, Bajaj Finance, Bank of America Merrill Lynch, IFC, Blackstone, Standard Chartered, Citibank, SBI, Deutsche Bank, HDFC Bank, and Visa Inc.
Core specialisations include acquisition financing and leveraged finance, corporate and secured lending, real estate finance and junior capital, private credit and NCD issuances, digital banking and payment solutions, project finance and infrastructure lending, asset reconstruction and restructuring, and banking and non-banking regulatory advisory.
With over 950 lawyers across seven offices, the firm offers unmatched pan-India coverage and the ability to mobilise large, multi-disciplinary teams at speed for the most complex financing mandates across domestic and cross-border structures.
Provided by Chambers
Shardul Amarchand Mangaldas & Co is a full-service law firm in India with an established track record of advising major banks, financial institutions and borrowers. The law firm is a popular choice for a range of work in project and acquisition financing, as well as commercial borrowing. Other areas of expertise for the team include real estate finance as well as debt restructuring and assisting with insolvency proceedings.
Provided by Chambers
Shardul Amarchand Mangaldas acted for International Finance Corporation, MUFG Bank and the State Bank of India on Bajaj Finance’s three facilities, amounting to approximately USD1 billion.
Provided by Chambers
The team was able to guide the commercial teams well with its knowledge of the market. Its commercial input was very valuable.
They have a deep understanding of banking laws and have consistently delivered results on even the most sophisticated transactions.
Highly responsive, very commercial, business-focused and always keen on finding solutions that are implementable; they are also aware of all market developments, and able to provide nuanced advice.
Provided by Chambers
Veena combines strong legal analysis and regulatory expertise with market awareness. She is also extremely responsive and attuned to clients’ objectives.
Opinions given by Veena are based on in-depth research and provide optimal solutions.
She is extremely capable and very articulate. She delegates extremely well and is not too heavy or too light on partner involvement.
Shilpa Mankar Ahluwalia is a senior partner at Shardul Amarchand Mangaldas & Co. She is well placed to advise borrowers on a variety of banking and finance matters, including rupee term loans, financings and senior secured loans.
She has a very strong business sense and acts like a business partner for us. We look to her for tailored and bespoke advice.
Shilpa's nuanced approach and attention to detail make her truly stand out. She is a seasoned lawyer who balances deal agility and execution speed without compromising on the client's interests.
Her market knowledge and insight also help in commercial decision-making and keeping up with constant regulatory updates.
Banking & Finance
Banking & Finance
Banking & Finance
Provided by Shardul Amarchand Mangaldas & Co
Shilpa Mankar Ahluwalia
View profile of Shilpa Mankar AhluwaliaVeena Sivaramakrishnan
View profile of Veena SivaramakrishnanShardul S Shroff
View profile of Shardul S Shroff
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