Emirates Capital Dubai Appoints Veteran Banker Alok Malpani as India CEO

2 min read     Updated on 15 Jan 2026, 08:53 AM
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Overview

Emirates Capital Dubai is appointing veteran banker Alok Malpani as CEO of its Indian subsidiary following its majority stake acquisition in RBL Bank. The Indian arm will offer comprehensive investment banking services including ECM, DCM, M&A, and institutional equities. Malpani brings 30+ years of experience with 150+ transactions worth $100 billion, including landmark deals like the $30 billion ArcelorMittal transaction and major IPOs for Indian companies.

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Emirates Capital Dubai is strengthening its presence in the Indian market through a key leadership appointment, as the UAE-based lender expands its operations following its recent majority stake acquisition in RBL Bank Ltd. The company is set to appoint veteran banker Alok Malpani as CEO of Emirates Capital India, marking a significant step in its Indian expansion strategy.

Strategic Expansion in Indian Markets

Emirates Capital India, operating as a 100% subsidiary of Emirates Capital Dubai, will focus on comprehensive investment banking services across multiple sectors. The Indian arm's service portfolio encompasses several key areas:

Service Area: Focus
Equity Capital Markets (ECM): IPOs and equity offerings
Debt Capital Markets (DCM): Corporate debt solutions
Leveraged Capital Markets (LCM): Structured financing
Mergers & Acquisitions (M&A): Strategic transactions
Structural Credit: Complex financing solutions
Institutional Equities: Equity research and trading

Alok Malpani's Extensive Track Record

Malpani brings exceptional credentials to the role, with over three decades of experience in investment banking and deal-making. His transaction portfolio demonstrates remarkable scale and diversity:

Transaction Metrics: Details
Total Deals Led: 150+ transactions
Combined Value: $100 billion
Geographic Coverage: India, Europe, Middle East
Transaction Types: IPOs, QIPs, M&A, LBOs, Structural Financing

Landmark Transaction Portfolio

Malpani's deal-making expertise spans several high-profile transactions across different sectors. His M&A experience includes the $30 billion ArcelorMittal transaction and the $2.5 billion divestment of Videocon Oil and Gas' Mozambique gas block to ONGC Videsh. He has also executed multiple mandates for the Shapoorji Pallonji Group, including the $400 million divestment of Sterling & Wilson to Reliance New Energy.

His recent transaction experience encompasses Nirma's $900 million acquisition of Glenmark Life Sciences, alongside several landmark IPO transactions. Notable public offerings include Afcons Infrastructure's $1 billion IPO, recognized as the largest IPO by an EPC company in India, and key listings for the JSW Group, including JSW Infra ($350 million) and JSW Cement ($300 million).

Cross-Border Financing Expertise

Malpani has demonstrated significant capability in structuring complex cross-border and structural finance debt transactions for leading Indian conglomerates. His client portfolio includes major business groups such as the Aditya Birla Group, Torrent Group, Zydus, Adani Group, and Hinduja Group, showcasing his ability to handle sophisticated financing requirements across diverse industries.

Emirates NBD declined to comment on the appointment, citing company policy. The strategic appointment reflects Emirates Capital Dubai's commitment to building a robust investment banking platform in India, leveraging Malpani's extensive network and proven track record in the Indian financial markets.

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