Kotak's veteran iBanker Shefali Shah quits

Shefali Shah, senior executive director at Kotak Investment Banking, a subsidiary of Kotak Mahindra Bank Limited, has quit. She was spearheading transactions involving private equity and hedge funds under the Financial Sponsors Group (FSG).

Shefali, who joined Kotak in 2011, was also handling sectors such as automobiles & auto components, engineering & industrials. Shefali, who has over 23 years of experience in investment banking and management consulting, headed transactions include Baring PE's $100-mn deal with Marico, Varroc Engineering's private equity funding from Tata Capital, Hitachi Limited's acquisition of Prizm Payments and Vijai Electricals's $200-mn sale of Electricity Transmission and Distribution (T&D) business to Toshiba Corporation.

When contacted, a Kotak Mahindra Bank spokesperson confirmed her exit.

Prior to joining Kotak, Shefali was with Rabo India Finance Limited, where she headed the M&A division. She has previously worked with BNP Paribas as Country Head - Investment Banking and organisations such as Ernst & Young and DSP Merrill Lynch.