"It is a sort of a boxing match when we get together to compose music. We have solid arguments and fights because every individual will have a different take on music. But that's the fun we have," he said.
"It is always a good creative process for three of us as we boil down to consensus," Shankar added.
The award-winning trio, whose songs are frequently played on national radio stations and music television channels, have tasted phenomenal success with films like "Dil Chahta Hai", "Kal Ho Naa Ho", "Bunty Aur Babli" and "Jhoom Barabar Jhoom".
Although Bollywoood has seen numerous fall-outs between actors, actresses and even music composers, Shankar is not worried about a rift between them. He said the space they give each other has helped the trio to survive the test of time.
"I believe distance has been our mantra for our success and sticking together as a team. We are not too close to each other either mentally or physically and that has ensured we don't get into each other's environment.
"Moreover, Bollywood is just a part of our career. We have very strong individual lives which run parallel to us being a team," Shankar said.
Shankar said they have several ambitious Bollywood projects like "Heyy Babyy" directed by Sajid Khan, Aamir Khan's directorial debut "Taare Zameen Par", "Johnny Gaddaar" directed by Sriram Raghavan and Anil Kapoor's "Shortcut" under their belt.
They also have offers of composing for three Farhan Akhtar and two Boney Kapoor films.
"We only do projects that excite us. If not, we will never take it up. We are really looking forward to all our films specially 'Johnny Gaddaar' and 'Taare Zameen Par'," Shankar said.
For "Johnny Gaddaar", the music co-producers Shankar, Ehsaan Noorani and Loy Mendonsa have signed a unique deal with Adlabs that would see them receiving 50 percent of all the earnings made through music sales along with their remuneration for composing music.
"It is a fantastic way to function. Never in India has such a deal been made and we are very happy about this," he said.