Client Overview

The client is India’s leading investor, developer, and manager of industrial and logistics real estate, supported by a private equity platform. Its portfolio spans nearly 60 million square feet across 52 industrial and logistics parks, with approximately 29 million square feet leased. The company manages sanctioned debt of ₹5,984 Crores, with Shah & Kirtane overseeing ongoing banking and lender compliance.

Challenges

The rapid expansion of project activity and the related debt funding resulted in compliance delays across lender requirements, including Lenders’ Independent Engineer reports, valuations, credit ratings, end use certifications, and due diligence submissions. These delays led to slower disbursements, impacting project execution timelines.

Shah & Kirtane’s Approach

Shah & Kirtane streamlined legacy compliance backlogs and implemented structured compliance trackers to monitor lender specific timelines. The team coordinated closely with lenders, internal finance teams, and external agencies to ensure accurate and timely submissions across all requirements.

Outcome

Disbursement turnaround time was reduced to two to three days, enabling uninterrupted project execution. Shah & Kirtane has supported the client for over five years, facilitating annual disbursements of ₹800 to ₹1,000 Crores while allowing the client’s debt team to remain focused on capital raising and growth initiatives.