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Industries · Sector Expertise

Sector fluency that shortens every meeting.

Great advice starts with understanding the business, not the balance sheet. Our partners lead dedicated sector groups — so the conversation begins where it should, not with an explanation of how your industry works.

400+
Active clients across sectors
12
Sector groups actively staffed
60+
Multinational subsidiaries served
40+
Listed companies audited or advised
How We Organise

Sector groups, not service silos.

A great generalist auditor is not the same as a specialist. Our sector groups combine auditors, tax practitioners and advisors under one partner, so every client conversation carries the vocabulary of the industry from the first meeting.

01

Sector-Led Partnerships

Every sector has a named partner who owns the practice. That partner sets the technical standards, curates the training curriculum, participates in client-facing pitches and stays personally involved in complex mandates within the sector.

02

Dedicated Sector Groups

Cross-functional teams of professionals — auditors, tax specialists and advisors — organised around sectors rather than services. This is how we ensure a bank audit is not staffed by generalists and a SaaS diligence is not run by professionals who have never seen a cap-table.

03

Sector-Specific Training

Onboarding curricula are tailored by sector — bank-branch audit protocols for BFSI, cost-audit basics for manufacturing, RERA nuances for real estate, unit economics for consumer internet. No professional walks into a client without sector context.

04

Regulatory Tracking

Sector-specific regulatory dashboards — RBI circulars, SEBI notifications, IRDAI directives, MCA amendments, IBBI guidelines — maintained by the sector group and briefed to affected clients within days of issuance.

The Sectors

Where we go deep.

01

Financial Services

Banks, NBFCs, insurance intermediaries, asset managers and fintech platforms. RBI, SEBI and IRDAI compliance built into every engagement.

  • · Banks
  • · NBFCs
  • · AIFs & PMS
  • · Insurance
  • · Fintech
  • · Payment Aggregators
02

Manufacturing & Industrial

Multi-plant manufacturers, exporters, EPC contractors and industrial conglomerates. GST across states, transfer pricing and cost-audit depth.

  • · Auto Components
  • · Chemicals
  • · Textiles
  • · EPC
  • · Heavy Industry
  • · SEZ Units
03

Technology & New Economy

SaaS, marketplaces, deep-tech and consumer internet. ESOPs, 409A-equivalent valuations, GAAP conversions and readiness for institutional fundraising.

  • · SaaS
  • · Marketplaces
  • · AI & Deep Tech
  • · Consumer Internet
  • · Media
04

Real Estate & Infrastructure

Developers, InvITs, REITs and construction groups. Project-level accounting, RERA, JDA structuring and joint-venture governance.

  • · Developers
  • · REITs / InvITs
  • · Construction
  • · Hospitality
  • · Warehousing
05

Healthcare & Life Sciences

Hospital chains, diagnostic networks, pharma and medical devices. Ind-AS 115 revenue recognition and R&D cost capitalisation.

  • · Hospitals
  • · Diagnostics
  • · Pharma
  • · Med-Tech
  • · Wellness
06

Consumer & Retail

FMCG, D2C, quick-commerce and organised retail. Multi-warehouse GST, e-commerce operator compliances, and unit economics reporting.

  • · FMCG
  • · D2C Brands
  • · QSR & Food
  • · Fashion
  • · Retail Chains
07

Not-for-Profits & Foundations

Trusts, Section 8 companies, CSR foundations and educational institutions. 12A/80G, FCRA and CSR-2 compliance.

  • · Trusts
  • · Section 8
  • · CSR
  • · Education
  • · Foundations
08

Multinational Subsidiaries

Indian arms of global groups. Group reporting, transfer pricing documentation, expatriate taxation and FEMA compliance under one roof.

  • · US Groups
  • · European Parents
  • · Japan / Korea
  • · GCCs
  • · Liaison Offices
What Each Sector Group Delivers

Sector-specific expertise, in detail.

A snapshot of the recurring engagements each sector group runs. Not exhaustive — every mandate is scoped to the specific business — but representative of the depth we bring to each industry.

Sector Focus

Financial Services

  • Statutory & tax audit under Companies Act, RBI Master Directions and IRDAI regulations
  • Concurrent audit of bank branches, credit-monitoring reviews and stock audits
  • IFC/ICOFR design and testing for NBFCs, insurance intermediaries and AMCs
  • SEBI SCORES, PMLA, KYC / AML process reviews and remediation support
  • GST on financial services, ITC utilisation, cross-border services and RCM analysis
Sector Focus

Manufacturing & Industrial

  • Multi-state GST compliance, ITC optimisation and refund management for exporters and SEZ units
  • Transfer pricing benchmarking for cross-border related-party transactions
  • Cost audit under Section 148 and cost-accounting standards implementation
  • Inventory & fixed-asset verification across multiple plants and warehouses
  • Ind-AS 115 revenue recognition on long-duration EPC and construction contracts
Sector Focus

Technology & New Economy

  • ESOP structuring, valuation and expense recognition under Ind-AS 102 / IFRS 2
  • 409A-equivalent valuations for cross-border option grants and RSU plans
  • Revenue recognition for SaaS, subscription, marketplace and platform business models
  • Diligence readiness — reporting hygiene, cap-table cleanup, KPI standardisation
  • GAAP conversions (Indian GAAP ↔ Ind-AS ↔ US GAAP) for group reporting
Sector Focus

Real Estate & Infrastructure

  • RERA compliance, project accounting and escrow-account audit and certifications
  • Joint-development, joint-venture and DM (Development Management) tax structuring
  • REIT / InvIT compliance, distribution testing and unitholder reporting
  • GST on construction, transfer of development rights and works-contract disputes
  • Cost verification, TDR valuations and impairment testing on long-cycle projects
Sector Focus

Healthcare & Life Sciences

  • Ind-AS 115 revenue recognition on hospital, diagnostic and package-plan revenues
  • R&D expenditure classification, capitalisation and Section 35(2AB) certifications
  • Doctor-arrangement accounting, related-party transactions and MCI compliance interfaces
  • GST on healthcare services, exemptions, ITC restrictions and pharma-inventory disputes
  • Transfer pricing for global capability centres and API sourcing arrangements
Sector Focus

Consumer & Retail

  • Multi-warehouse GST compliance, e-commerce operator (TCS) obligations and reconciliations
  • Unit-economics reporting — CAC, LTV, contribution margin, cohort retention — for D2C brands
  • Inventory verification, shrinkage analysis and franchise-store accounting
  • Sales-return and refund accounting, gift-card and loyalty-programme liability estimation
  • Cross-border marketplace flows, foreign-warehouse structures and expat taxation
Sector Focus

Not-for-Profits & Foundations

  • 12A, 80G and 10(23C) registration, renewal and compliance
  • FCRA audit, quarterly disclosures and utilisation certificates for foreign contributions
  • CSR-2 filing, impact-assessment support and Companies (CSR) Rules compliance
  • GST on charitable services, exemptions and cross-charge for education providers
  • Board governance, related-party review and internal-financial-control frameworks
Sector Focus

Multinational Subsidiaries

  • Statutory audit under Indian GAAP / Ind-AS with parallel US GAAP or IFRS reporting packs
  • Transfer pricing documentation — local file, master file and CbCR — aligned to group policy
  • Expatriate taxation, social-security exemptions and tax-equalisation policy administration
  • FEMA compliance for FDI, ODI, ECB, cross-border services and royalty structures
  • Coordination with group auditors under SA 600 / ISA 600 and group audit-instruction packs
How We Staff It

A sector group, not a spreadsheet.

A sector practice only works if it is staffed with people who have chosen the industry, not been assigned to it. Ours is built accordingly.

Named Sector Partner

The partner leading the sector group is the first point of contact — for opinions, escalations and cross-practice coordination. Not a relationship manager; a working accountant with a career in the sector.

Blended Team

Audit, tax and advisory professionals from within the sector group staff every mandate. The client is not left to hand-carry context between silos.

Sector Knowledge Repository

Each group maintains a curated internal knowledge base — key regulations, judicial precedents, industry benchmarks and prior audit and diligence learnings — refreshed continuously.

External Faculty & Advisers

Retired regulators, industry veterans and academic specialists engaged as external faculty for the sector group's training programme and as sounding boards on the most complex mandates.

Sector Conversation

Speak with a sector partner.

Tell us the industry, and we'll match you with the partner who's spent a career in it.

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