Rothschild & Co, a global financial advisory powerhouse, has appointed Aalok Shah as its new India Head, succeeding veteran banker Chandresh Ruparel. This leadership change marks the beginning of Rothschild’s next phase of strategic growth in India across M&A, equity capital markets, and sectoral advisory services.
Rothschild & Co, a renowned global financial advisory firm headquartered in Paris, France, has appointed Aalok Shah as the new Head of Global Advisory for India. This appointment marks a significant shift in leadership as Shah takes over from Chandresh Ruparel, who will now serve as Senior Advisor.
Aalok Shah joined Rothschild & Co in 2006 and was named co-head of its India operations in 2024. With experience across both Mumbai and London offices, Shah brings deep expertise in mergers & acquisitions and corporate advisory. In his new role, he will lead the firm’s efforts to deepen its presence across India’s equity capital markets (ECM), strategic capital, debt advisory, and sectoral restructuring services.
Ruparel, after over two decades of shaping Rothschild’s India franchise, will continue to provide strategic counsel, mentor senior bankers, and support key client relationships in his new advisory capacity.
Rothschild & Co employs approximately 4,600 professionals across 40 countries. The firm offers services through three core divisions—global advisory, wealth and asset management, and Five Arrows, its alternative assets division. The global advisory arm specializes in M&A and financing advisory for large corporates, private equity firms, entrepreneurs, governments, and family offices.
In India, Rothschild has recently expanded its ECM offerings and is active in sectors such as consumer goods, energy, financial services, healthcare, life sciences, and infrastructure. The firm advised TPG and Evercare in their sale of a controlling stake in Care Hospitals to Blackstone in 2023 and played key roles in deals involving Colorcon and Eris Lifesciences.
As India’s healthcare sector remains fragmented and ripe for consolidation, Rothschild’s advisory team sees significant M&A opportunities in the coming decades. Globally, the firm continues to serve blue-chip clients including Nestlé and Diageo.
With this leadership change, Rothschild aims to strengthen its footprint in India’s capital markets and enhance its ability to serve the country’s rapidly evolving corporate landscape.
