Ahmedabad-based Valmiki Leela Capital has received approval from SEBI for the coveted Category I Merchant Banking licence, transforming its operations from a niche advisory firm into a comprehensive merchant banker with the ability to manage and execute public market transactions from end to end. This milestone enables Valmiki Leela Capital to offer full-service solutions, including regulatory advisory, due diligence, issue management, investor relations, and research-driven communication to companies entering capital markets.
With locations in Ahmedabad and Mumbai, Valmiki Leela Capital’s current mandates exceed ₹1,500 crore, spanning dynamic sectors such as renewable energy, data centres, defence, power, and EPC infrastructure. The licence positions the firm to deliver integrated expertise in sectoral insights, fundraising strategies, and valuation, empowering both emerging and established businesses to pursue ambitious listing journeys and maximise enterprise value.
The company’s leadership- CA Pankaj Agrawal and CA Sandeep Gupta – brings a combined experience of over three decades across varied financial and market environments. Their focus now shifts towards scaling the platform and participating more deeply in India’s vibrant equity capital market ecosystem. According to Director Sandeep Gupta, the SEBI approval underlines the firm’s commitment to delivering transparent, compliant, and high-quality market solutions, supported by a diverse team blending domain knowledge with analytical talent.
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Adopting a strategy-first approach, Valmiki Leela Capital sets itself apart as a differentiated merchant banker, prioritising governance, transparency, and technical excellence. The firm aims to help clients navigate the complexities of India’s capital markets with confidence, focusing on sustainable value delivery in sectors driving the country’s economic growth.
