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Lalit Menghani has over 15 years of work experience in investment banking and financial advisory roles. Lalit began their career at CRISIL Limited as a Manager in 2005. Lalit then worked at Standard Chartered Capital Markets as a Senior Manager in Investment Banking from 2007 to 2009. Lalit subsequently joined Elara Capital as an Associate Director in Investment Banking, where they worked until 2014. Lalit then moved to Milestone Capital Advisors Limited as an Associate Director, where they stayed for three years until 2017. Currently, Lalit is working as a Director at HomeCapital.

Lalit Menghani completed their Post Graduate Diploma in Management with a focus on Finance, Economics, and Strategy from the Indian Institute of Management, Calcutta, from 2003 to 2005. In 2004, they also pursued a Master of Business Administration (M.B.A.) in Finance, General at BI Norwegian Business School. Furthermore, Lalit holds an Engineer's Degree from Nagpur University, where they studied from 1996 to 2000. No specific field of study is mentioned for their engineering degree.