Widely regarded as a pioneer in the field of Corporate Law, Mr. Shroff has participated in the training and drafting of several important economic legislations and company law reforms in India. He was a member of the Insolvency Law Committee, constituted by the Government of India, to review the implementation of the Insolvency and Bankruptcy Code. Mr. Shroff was also a member of the Committee constituted to review decriminalisation of offences under the Companies Act and the Committee on cross-border insolvency, both headed by Injeti Srinivas, Secretary, Ministry of Corporate Affairs, Government of India. Under Mr. Shroff’s leadership, the Firm has been recognised as ‘Best in Insolvency’ at the Asialaw’s Asia Pacific Dispute Resolution Awards 2018. Mr. Shroff has been on a number of other high-powered committees appointed by the Government of India including the JJ Irani Committee for amending the Companies Act, the Expert Committee on maintenance of Cost Records and Cost Audit in 2014, the Eradi Committee involved in the insolvency provisions of the Companies Act, 1956, the second Naresh Chandra Committee appointed to look into aspects of SMEs and simplification of Company Law and the Valuation Committee. As a preeminent expert of his field, Mr. Shroff has been appointed as an independent director on significant boards of Indian companies. He is a member of the US-India Business Council, Vice Chair of the Corporate Counsel Committee of the IPBA Council, the Union Internationale Des Advocats, and the Indo-German Chamber of Commerce. Mr. Shroff was elected as the Chairman of the CII National Committee on Legal Services and Arbitration in 2017-2019 and was also a Member of the CII National Council on Services 2018-2019. Mr. Shroff was a member of the CII Task Force on the Ease of Doing Business, 2017-2018. Mr. Shroff has been the Chairman of the FICCI Committee on Stressed Assets, a member of the Capital Markets Committee since 2019. Mr. Shroff has also been appointed as the Senior Vice President on the Society of Indian Law Firms (SILF).

Mr. Shroff has been consistently rated as a leading lawyer by several international fora and publications, including the Who’s Who Legal, AsiaLaw, Chambers and Partners, Legal 500, Euromoney, International Financial Law Review (IFLR) etc. He has been recognised as Star Individual in Corporate/M&A by Chambers and Partners Asia Pacific 2022, a Legal Icon in IBLJ - The A list Lawyers 2021. He is also part of the Hall of Fame for Banking and Finance by The Legal 500 2022 and Leading Lawyers of Restructuring and Insolvency by The Legal 500 2022. Mr. Shroff has been recognised as the Thought Leader – Global Elite for M&A and Global Leader for Corporate Governance and Project Finance by Who’s Who Legal, 2021 and for M&A and Corporate Governance in 2020.

Chambers and Partners has recognised him as an ‘Eminent Practitioner’ for Banking & Finance and quotes, ‘Shardul Shroff continues to offer a wealth of expertise regarding the Indian banking sector among other areas. Clients praise his valuable strategic input, one source noting: "We have gained immensely from his advice." He is known for his in-depth knowledge of regulatory matters and debt restructuring.’ Mr. Shroff is also recognised as a ‘Star Individual’ for Corporate/M&A by Chambers and Partners, which states, ‘Shardul Shroff is a highly respected practitioner in the corporate and M&A space who is known for his long-standing experience handling joint ventures, takeovers, divestments and commercial contracts. He is also recognised as ‘Eminent Practitioner’ for Insolvency and Restructuring by Chambers and Partners from 2020-2022. He is also credited for his understanding of banking law, private equity and capital markets issues.’ IFLR1000 2021, the guide to the World’s Leading Financial Law Firms, has adjudged Mr. Shroff as a ‘Market Leader’ in the areas of Mergers & Acquisitions, Banking & Finance, Restructuring & Insolvency, Capital Markets, Infrastructure, Project Finance and Project Development. He is recognised as an ‘Elite Practitioner' for Banking & Finance, Capital Markets, Corporate and M&A by AsiaLaw Profiles from 2020 - 2022. Mr Shroff was recognised as a ‘Leading Lawyer Legend’ for Banking & Finance, Corporate M & A, Restructuring & Insolvency in the Legal Era Leading Lawyers Rankings 2022. He has been recognised in the Hall of Fame for Banking & Finance by The Legal 500, 2020-22. ‘Asia’s Best Lawyer’ by IFLR for the year 2021, among IBLJ’s A-List Lawyers of India’s ‘Top 100 Lawyers & Legal Icons,’ 2021. Legal Era recognised him as ‘Lawyer of the Year’ for Insolvency & Bankruptcy Laws at the Legal Era Awards, 2021-22. ‘Thought Leader’– ‘Global Elite’ for M&A and Global Leader for Corporate Governance and Project Finance by Who’s Who Legal, 2021.

Mr. Shroff has been recognised as one of ‘The Game Changers of India, 2018’ by The Economic Times for championing high impact legal services. He is also a recipient of the National Law Day Award from the President of India, which commends Mr. Shroff as a leading corporate lawyer, ‘for his unique contribution to the field of corporate law and leadership in its practice’ and for being ‘instrumental in advancement of India’s corporate law practice at international standards’.