Chambers Review
Provided by Chambers
Banking & Finance - India
What the Team is Known For
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.
Strengths
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.
They have a deep understanding of banking laws and have consistently delivered results on even the most sophisticated transactions.
The team was able to guide the commercial teams well with its knowledge of the market. Its commercial input was very valuable.
Work Highlights
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.
Notable practitioners
Opinions given by Veena are based on in-depth research and provide optimal solutions.
Veena combines strong legal analysis and regulatory expertise with market awareness. She is also extremely responsive and attuned to clients’ objectives.
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.
Her market knowledge and insight also help in commercial decision-making and keeping up with constant regulatory updates.
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.

