Shenoy's decade-long stay at ICTP was marked by a continual flow of research publications in such scientific journals as Physics Review Letters, Europhysics Letters and Physical Review. It was also marked by the emergence of the ICTP Diploma Course as a critical Centre research and training activity for students from the least developed countries.
His research interests are broadly in Theoretical Condensed Matter Physics and Statistical Physics. More specifically, he has worked on thermal fluctuations in superconductors; spin glasses; nonequilibrium phase transitions, the Kosterlitz-Thouless transition and Josephson Junction arrays; topological excitations in the 3D XY model, and first-passage times and hysteresis.His current interests include coherence in Bose-Einstein condensates, and re-equilibration behavior in martensitic structural transitions, that involve entropy barriers and effective temperatures.