Ahmedabad : Ahmedabad-based Valmiki Leela Capital announced that it has secured market regulator SEBI’s Category I Merchant Banking licence, paving the way for the firm to expand from a niche corporate advisory outfit into a full-fledged merchant banker capable of managing and executing public market transactions.
With operations in both Ahmedabad and Mumbai, Valmiki Leela currently has mandates exceeding Rs 1,500 crores across high-growth sectors such as renewable energy, transformers, data centers, defence, power and energy, and EPC infrastructure.
The approval allows the company to undertake the entire lifecycle of capital-market deals, including regulatory advisory, due diligence, issue management, transaction structuring, investor outreach, and research-led market communication.
Valmiki is led by CA Pankaj Agrawal and CA Sandeep Gupta, who bring over three decades of cumulative experience across sectors and market cycles. Their focus now shifts to scaling the platform into a mainstream player with deeper engagement in India’s surging equity capital markets.
Speaking on the development, Sandeep Gupta, Director, Valmiki Leela Capital, said, “The SEBI Category I licence is a significant milestone for us. It reinforces our responsibility to deliver transparent, compliant, and high-quality market solutions. With a team that blends deep domain experience with fresh, analytical talent, we aim to play a meaningful role in India’s capital market ecosystem.”
The company aims to position itself as a differentiated merchant banker with a strategy-first approach to fundraising through sectoral insights, valuation expertise, investor engagement capabilities, and granular research support to help companies navigate their listing journey and maximise long-term value.
Valmiki Leela Capital aims to build a platform grounded in governance, transparency, and consistent delivery, enabling both emerging and established enterprises to tap India’s buoyant capital markets with confidence.
