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The Shah Group are Investment
Bankers (called 'merchant bankers' in India) registered with the Securities and Exchange
Board of India (SEBI) as Category I Merchant Bankers. SEBI is the regulatory body of
Indian financial markets.
 | The Shah Group primarily raising
rupee and forex funds for our clients from Banks and Financial Institutions based in
India.
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| As Category I merchant bankers
we are authorized by SEBI to Lead manage Indian Public Issues. SEBI also places the
responsibility of due diligence on us.
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The founder and chairman, Mr. M.
V. Shah, has a creditable and reputable track record of almost three decades - the longest
anyone in India has been in investment banking.
| The chairman set up the
Investment Banking Division of Industrial Credit and Investment Corporation of India
Limited (ICICI), a leading Financial Institution of India, in 1970, ultimately joining the
board. Later Grindlays Bank, State Bank of India and ICICI were amongst the
first institutions to offer merchant banking services in India.
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| During his tenure at ICICI, Mr.
Shah was instrumental in structuring and raising funds by way of Loan
Syndication/Debentures and Equity for Hindustan Lever, ICI group of companies, Philips
(India) Limited, Reliance Industries , Larsen & Tubro, Indian Rayon, Century Textiles,
Mafatlal Group of Companies, Mysore Cements, India Cements, Indo Gulf Fertilizers,
Mangalore Refineries and many others.
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| He had also implemented
important mergers, acquisitions, and corporate restructurings of well-known groups such as
Hindustan Lever Ltd., Asea Brown Boveri, ICI UK group of Companies in India, and Finlay
Group of Tea Companies (now known as Tata Tea Ltd.).
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In 1992 -- with ICICI now the
premier Investment bank in the country -- he left to start this Company. Before he
left ICICI he was occupying a whole time position on the Board of Directors.
As a company the Shah Group have
good knowledge of the financial markets of India and have the reach and reputation within
the corporate and institutional circles in India.
Devang Shah is focusing
on India's financial planning community and is pioneering new concepts in that
market.
Contact Details: email:
Devang Shah on devang@mvfs.co.in
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