A full-service Chartered Accountancy firm · Mumbai
L. S. Nalwaya & Co. is a full-service Chartered Accountancy firm with over 50 years of practice — and the mindset to serve the businesses of today. Headquartered in Mumbai with a six-partner team spread across four cities, we combine the credibility of Category I CAG and RBI empanelment with the agility that modern businesses demand.
From institutional audits to startup advisory, we bring the same rigour and professional standards to every engagement. Our practice spans statutory audit, taxation, banking, capital markets, infrastructure, and early-stage company advisory.
"From institutional audits to startup advisory, we bring the same standard to every engagement."
From early-stage compliance to complex corporate advisory, our areas of practice are designed to deliver precision, depth, and continuity across the business lifecycle.
Audit of financial statements under the Companies Act, 2013 and applicable Auditing Standards.
Designing and executing internal audit and concurrent audit programmes across sectors.
Forensic and special purpose audits, fraud investigation, and financial due diligence.
Regulatory inspections and compliance audits for NBFCs and insurance entities.
Compliance and reporting audits for mutual funds, capital market intermediaries, and listed entities.
Statutory and concurrent audit of bank branches — over 500 branches audited since 1971.
Income tax planning, return filing, assessments, and appeals before CIT(A) and ITAT.
GST registration, return filing, GST audit, classification advisory, and input tax credit matters.
TDS, PF, ESIC, and other statutory compliance management for corporates and institutions.
Revenue audit mandates for government bodies and public sector undertakings.
Information systems audit and physical stock verification and valuation services.
Credit audit of loan portfolios for banks and financial institutions.
Strategic financial planning, business structuring, and corporate reorganisation advisory.
Financial, legal, and commercial due diligence for acquisitions, mergers, and investments.
Techno-economic viability studies, project finance advisory, and infrastructure consulting.
ERP advisory, implementation support, and systems review for operational efficiency.
Operational review, cost optimisation, and management advisory services.
Enterprise risk assessment, internal control framework design, and process governance advisory.
Outsourced accounting, payroll, and financial reporting functions for businesses.
Process reviews and analysis to identify operational inefficiencies and improvement areas.
Board-ready financial statements, MIS reporting, and investor-grade financial reporting.
Financial modelling and viability assessment for new projects and business initiatives.
Advisory on Ind AS / AS accounting standards, financial restructuring, and reporting.
Financial systems design, internal controls review, and technology advisory.
Pvt. Ltd. and LLP formation, founder agreement advisory, and shareholding pattern structuring.
Equity structuring, ESOP framework design, and cap table management advisory.
DPIIT recognition support and Startup India compliance assistance.
Virtual CFO for pre-revenue to Series A — MIS, burn rate tracking, and investor reporting.
Investor-ready financial models, projections, and data room preparation.
Angel tax advisory, term sheet financial review, and fundraising due diligence support.
At the helm of L. S. Nalwaya & Co. is a team of six partners — four Fellows (FCA) and two Associates (ACA) of the ICAI — whose collective expertise spans audit, taxation, and strategic financial advisory. The partnership holds ISA qualifications and ICAI Certification in Concurrent Audit.
With statutory and concurrent audit mandates spanning over 500 bank branches since 1971, our banking practice is among the deepest in the country. We have conducted central statutory audits for four of India's major nationalised banks.
Statutory mandates across India's most significant financial institutions, public sector undertakings, and private enterprises — a testament to consistent trust and technical excellence.
The following represents factual disclosure of past and ongoing statutory professional engagements. This is not a solicitation and no comparative or performance claims are made. Disclosure is made in compliance with ICAI Code of Ethics (13th Ed., 2026).
L. S. Nalwaya & Co. brings five decades of audit and advisory rigour to early-stage and Seed/Series A startups — helping founders build businesses that are fundable, board-credible, and compliance-ready from the outset.
ICAI Regulatory Disclosure: This website has been prepared in compliance with the Institute of Chartered Accountants of India (ICAI) Code of Ethics (13th Edition, effective 1 April 2026) and the Chartered Accountants Act, 1949. All information is factual. No solicitation of professional work is intended. No comparative claims, testimonials, or guaranteed outcomes are represented. ICAI Firm Reg. 115645W · CAG BO 0661 · RBI 291004