A subscription software business with three years of revenue had never had its cap table reconciled to its filings. We restated the shareholding, rebuilt the ESOP pool against the incoming investor’s dilution model, and prepared a diligence data room covering revenue recognition, related-party flows and statutory dues. Two issues that would have triggered a price adjustment were resolved before the term sheet was signed; the round closed at the original valuation with no indemnity holdback.
An auto components exporter wanted a US entity to hold customer contracts and inventory. We compared a Delaware subsidiary under the Indian parent against a US-topco flip, modelling treaty withholding, Section 9 indirect-transfer exposure and repatriation cost on each. The subsidiary route was chosen. ODI filings, the FEMA valuation certificate and a transfer pricing policy for intercompany sales were all in place before the first US invoice was raised.
The founders of a personal care brand wanted a full exit within a year. We spent the first four months on clean-up — eighteen months of related-party balances settled, GST input credits reconciled, and marketplace revenue restated to net. A limited auction was then run to strategic buyers rather than a broad process. The business sold on cash-free debt-free terms with escrow capped at eight per cent and no earn-out.
A technology company had granted options informally across three years with no scheme document. We sized a fresh pool against the investor’s expectations, drafted the scheme with four-year vesting and a ten-year exercise window, and converted existing promises into compliant grants. Perquisite withholding at exercise was modelled per grantee, and every employee received a one-page statement of what they held and what it would cost them to exercise.
A family manufacturing business applying to refinance term debt was found to have four years of unfiled annual returns and unreconciled input credit. We regularised the ROC filings, reconciled GSTR-2B against the books month by month, and filed the pending returns under the amnesty window then open. Additional fees were kept to a fraction of the statutory maximum, and the lender review completed without an adverse observation.
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