Invest in India. With Confidence.
Financial due diligence, business setup, accounting and compliance for foreign companies, investors and NRIs. One partner from the decision to enter, through the deal, to the monthly filings — so the risks that usually surface after closing surface before it.
The Challenge
Four Layers of Risk Around Every India Deal
Each one is manageable with the right local partner. Each one is expensive to find after closing.
FEMA and RBI rules
Which route your capital may enter by, the sectoral caps that apply, the price at which shares may be issued or transferred, and the RBI filings that follow — each of them time-bound.
Tax exposure
GST positions, transfer pricing on every intra-group charge, withholding on outbound payments, and permanent-establishment risk created by how the business actually operates rather than how it is registered.
Corporate compliance
Incorporation done in the right vehicle, then ROC filings, board and statutory records, and audit kept current. Lapses here are cheap to prevent and slow to unwind.
Hidden liabilities
Informal books below the audited layer, related-party flows, unpaid statutory dues and off-balance-sheet commitments — the findings that move price rather than decorate a report.
Who We Serve
Built for Capital Coming Into India From Abroad
Foreign companies
Investors and funds
NRIs
Our Services
One Partner Across Your Entire India Journey
Enter — business setup and advisory
Entry structuring weighed for tax, control and speed; incorporation of the vehicle that fits your ownership and exit plans; PAN, TAN and GST registration; and FEMA and RBI advice before the first rupee moves.
Evaluate — due diligence and audit
Independent, investor-grade diligence on Indian targets: quality of earnings, tax exposure, fraud and control review, and financial statements tested against books, bank and filings.
Operate — accounting and outsourced finance
Bookkeeping mapped to your group chart of accounts, payables and receivables, payroll and TDS, monthly MIS for head office, and senior finance leadership without a full-time hire.
Comply — foreign company compliance
The running calendar owned end to end: ROC and GST filings, TDS returns, transfer pricing documentation, RBI reporting, and withholding and permanent-establishment advice as events occur.
Choosing Your Entry Vehicle
Four Ways to Enter India
The vehicle decides what you may do, what you must file, and how hard it is to exit. Changing it later is expensive, so it is worth an hour before incorporation rather than a restructuring afterwards.
Flagship Service
Know Exactly What You Are Investing In
Independent diligence on Indian targets, so price, terms and protections reflect reality rather than the information memorandum. Six lenses on every target company.
Quality of earnings
Normalised EBITDA, one-off and non-recurring items, revenue recognition, and the gap between reported profit and what the business actually repeats.
Net working capital
Receivable ageing and recoverability, inventory provisioning, and a defensible normal-level peg — the adjustment most often argued about at completion.
Net debt and debt-like
Borrowings, guarantees, unpaid statutory dues and other commitments that behave like debt whether or not they are labelled as such.
Direct and indirect tax
Income tax positions, GST reconciled between returns and books, TDS defaults, and transfer pricing on intra-group charges.
Regulatory compliance
Past FEMA and RBI filings, ROC filings, licences and open notices — the history that becomes your problem on completion.
Controls and governance
Process maturity, segregation of duties, related-party flows and fraud indicators, mapped early rather than discovered late.
What You Receive
Decision-Ready Findings, Not Just Data
Deal-breakers are raised as soon as we find them, in a red-flag memo, rather than held back for the final report. A finding you learn about after you have committed is worth very little.
Foreign Company Compliance
Your India Compliance Calendar, Owned End to End
Indian compliance is not one annual event; it is a monthly rhythm with annual peaks and event-driven filings in between. Most of what goes wrong for foreign parents is a deadline nobody owned.
How We Engage
Models That Match Your Stage
Scope is agreed and quoted before any work begins. Transaction work and ongoing work are priced differently because they behave differently.
Project-based
Fixed scope and fixed fee for one-off work: due diligence on a target, entry structuring and incorporation, or a review of an existing entity.
Monthly retainer
A predictable monthly fee for the running function: accounting and payroll, GST, TDS and ROC filings, and the monthly MIS pack.
Outsourced CFO
Senior finance leadership part-time: board and investor reporting, budgets and cash flow, and oversight of the compliance calendar.
Further Reading
Guides on India Entry, Diligence and Compliance
Longer reads on the decisions this page summarises. The cluster grows daily.
Frequently Asked Questions
Common questions about this service
Which entry vehicle should a foreign company use in India?
For most operating businesses it is a private limited subsidiary, because it allows full commercial activity and 100% foreign investment is permitted under the automatic route in a large majority of sectors. An LLP is leaner but foreign investment into it is allowed only where the sector permits 100% FDI under the automatic route with no performance-linked conditions. A branch office can carry on only the parent's permitted activities and needs approval through an authorised dealer bank, and a liaison office cannot trade at all — it is for market research and representation, funded entirely by the parent. The right answer depends on your sector, your control and exit plans, and how fast you need to invoice.
How long does it take to set up an Indian entity?
Incorporation itself is usually the fast part once directors' documents are apostilled and digital signature certificates are in hand. What actually sets the timeline is everything around it: name approval, obtaining PAN and TAN, GST registration, opening a bank account, and the RBI reporting that follows the first inward remittance. We scope the sequence against your first-invoice date rather than quoting a generic number, because the bank account and the GST registration are where plans usually slip.
What does financial due diligence on an Indian target actually cover?
Six lenses: quality of earnings, net working capital, net debt and debt-like items, direct and indirect tax, regulatory compliance history, and controls and governance. On Indian targets the items that most often move price are unrecorded statutory dues, TDS defaults, GST mismatches between returns and books, related-party flows, and informal or incomplete record-keeping below the audited layer. We quantify what we find and translate it into price, warranty and indemnity inputs.
What is FEMA and why does it matter to my investment?
The Foreign Exchange Management Act and the rules under it govern how money and ownership cross India's border — which sectors foreign capital may enter and on what route, what price shares may be issued or transferred at, and what must be reported to the Reserve Bank of India and by when. It matters because the consequences of getting it wrong surface late and land on the investor: filings such as FC-GPR on a share issue or FC-TRS on a transfer are time-bound, and unreported or mispriced transactions can require compounding with the RBI.
We already have an Indian subsidiary. Can you take over the compliance?
Yes, and this is the most common way engagements start. We begin with a review of where the entity actually stands — past ROC, GST, TDS and RBI filings, open notices, and the gap between the books and what has been reported — then take over the running calendar. Taking on an existing entity without that review first is how inherited problems become your problems.
What is permanent establishment risk and how do you manage it?
A permanent establishment is a taxable presence in India created by how a foreign company actually operates there — a fixed place of business, or people habitually concluding contracts on its behalf — rather than by what it has formally registered. If one exists, India can tax the profits attributable to it, often alongside withholding obligations the group did not plan for. We review the operating facts against the relevant treaty before the structure hardens, because PE is far cheaper to design around than to argue about afterwards.
Do you work with NRIs as well as companies?
Yes. Non-resident Indians starting or investing in Indian businesses face the same FEMA routing and reporting questions as corporate investors, plus repatriation and account-type issues that are specific to them. The work is the same shape — get the structure and the routing right at the outset, then keep the filings clean — and getting it right from day one is considerably cheaper than regularising it later.
Can you report in our group format and accounting standard?
Yes. Indian books are maintained to meet Indian statutory requirements, and we map them to your group chart of accounts and reporting pack so head office sees numbers in a familiar form. Monthly MIS, variance analysis and the year-end statements are delivered in English and on your reporting calendar, not only on the Indian statutory one.
Let Us Plan Your India Investment
Tell us what you are trying to do — enter, acquire, or clean up an entity you already own. We will scope the work, tell you what it covers, and quote before anything starts.
- Entry structuring and incorporation, FEMA-compliant from day one
- Investor-grade financial and tax due diligence on Indian targets
- Accounting, payroll and the full compliance calendar, owned end to end
- Scoped and quoted before work starts
Plan Your India Entry
Tell us your goals, timeline and target. A senior adviser replies within one business day.
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This page describes professional services and is general information, not legal, tax or investment advice. Indian entry routes, sectoral caps, filing deadlines and thresholds change with each Finance Act and RBI circular, and the right answer depends on your sector and facts. We confirm the current position for your situation before any filing is made or any transaction is completed.