Consulting & KPO Partner for Global Companies · Bengaluru, India

India GCC Setup,
Finance Operations
& Compliance Consulting
Done Right

Supporting global companies with India entity setup, finance operations, accounting outsourcing, tax compliance, and regulatory management — through structured KPO and consulting services.

Core Service Areas
🌏
GCC Setup & India Entry
Entity · RBI/FDI · Full Lifecycle
📊
Finance Operations & Accounting
KPO · Payroll · MIS · ERP
⚖️
Regulatory & Compliance
GST · Income Tax · FEMA · RBI
Specialist Associate Services
Valuation · Forensics · Statutory Audit
15+ GCC Setups Supported
200+ Finance Projects Delivered
10+ Years in Practice
Pan India Client Coverage
Credentials & Registrations
🏛️ ICAI — Chartered Accountant
⚖️ IBBI — Registered Valuer
🔍 ACFE (USA) — Certified Fraud Examiner
📋 IVS-Aligned Valuation Methodology
🌐 FEMA · RBI · SEBI Compliant Advisory

Consulting + KPO Partner for Global Companies in India

GNOVERA Advisory is a Bengaluru-based consulting and KPO firm that helps global companies establish and operate in India. We combine finance consulting, process design, and managed KPO execution to deliver scalable finance operations for multinational companies, GCCs, and growth-stage businesses.

Our team — staffed by Chartered Accountants, Cost Accountants, a Certified Fraud Examiner, and IBBI Registered Valuers — works at the intersection of accounting, law, and technology. We handle everything from India entity setup and regulatory onboarding to ongoing finance operations, compliance monitoring, and CFO advisory.

Specialist services such as business valuation, forensic audit, and statutory certifications are delivered through our network of independent registered professionals and partner firms.

🎯
Consulting + KPO Execution
We don't just advise — we design the process and then execute it as a managed KPO service.
🔗
Cross-Border Regulatory Expertise
FEMA, transfer pricing, FDI structuring, and RBI compliance with US and international parent companies.
Finance Process Design
We design scalable finance workflows — from chart of accounts to MIS architecture — before execution begins.
🤝
Partner Network of Specialists
Valuation, forensic audit, and statutory certifications via independent registered professionals and partner firms.

Three Service Pillars

GCC Setup & India Entry · Finance Operations (KPO) · Compliance Management — with specialist advisory through our associate network.

01
🏛️
Entity Setup & Incorporation
  • Company incorporation (MCA)
  • PF, ESI, GST, PT registrations
  • RBI/FDI via FIRMS portal
  • IEC – DGFT registration
  • Bank account & signatories
02
💰
Payroll & Labour Compliance
  • Monthly payroll processing
  • PF / ESI / PT / LWF filings
  • TDS Form 24Q & 26Q
  • Shops & Establishments
  • Labour law compliance
03
📊
Accounting & MIS
  • Monthly bookkeeping & ledger closure
  • Bank & intercompany reconciliation
  • MIS reporting to parent
  • Cash flow management
  • ERP integration & support
04
🌐
FEMA & Cross-Border
  • FLA return filing with RBI
  • FC-GPR & FC-TRS reporting
  • FIRMS portal management
  • Repatriation & remittances
  • Intercompany agreements
05
🔄
Transfer Pricing
  • TP study documentation
  • FAR analysis & benchmarking
  • Form 3CEB – TP audit
  • APA advisory
  • Interco pricing models
06
📋
Secretarial & Annual Filings
  • Statutory audit (Companies Act)
  • Tax audit – Form 3CD
  • ROC filings – AOC-4 & MGT-7
  • ITR-6 filing
  • Board minutes & resolutions
01
📒
Accounting & Bookkeeping
  • Monthly ledger closure & review
  • AP/AR management
  • Bank reconciliation
  • Intercompany reconciliation
  • Financial statements preparation
02
💰
Payroll Operations
  • Monthly payroll processing
  • Payslip & full-and-final settlement
  • PF / ESI / PT / LWF filings
  • TDS Form 24Q & 26Q
  • Labour law compliance
03
📊
MIS & FP&A Reporting
  • Monthly MIS packs to parent
  • Rolling cash flow models
  • Budget vs actuals variance
  • Investor-ready financial packs
  • KPI tracking & dashboards
04
🔄
ERP & Finance Automation
  • ERP implementation & support
  • Chart of accounts design
  • Workflow & process automation
  • SOP design & documentation
  • Finance system integration
05
💵
Cash Flow Management
  • 13-week cash flow planning
  • Vendor payment scheduling
  • Repatriation & dividend planning
  • Working capital optimisation
  • Treasury management support
06
📋
Finance Process Design
  • Finance function setup from scratch
  • Process mapping & documentation
  • Control framework design
  • Internal audit support
  • IFC implementation
01
🧾
GST Compliance
  • GST registration & returns
  • GSTR-1, GSTR-3B, GSTR-9
  • ITC reconciliation
  • GST audit & assessment response
  • Export LUT & refund claims
02
📑
Income Tax Compliance
  • ITR filing (all categories)
  • TDS compliance & filing
  • Section 154 rectifications
  • Assessment & scrutiny support
  • Advance tax planning
03
🌐
FEMA Reporting
  • FLA return filing with RBI
  • FC-GPR & FC-TRS reporting
  • FIRMS portal management
  • Repatriation & remittances
  • Intercompany agreements
04
🏢
Corporate Law & MCA
  • ROC filings – AOC-4 & MGT-7
  • Board minutes & resolutions
  • Director appointments & changes
  • Share allotment management
  • Statutory registers maintenance
05
🔄
Transfer Pricing
  • TP study documentation
  • FAR analysis & benchmarking
  • Form 3CEB – TP audit
  • APA advisory
  • Interco pricing models
06
📋
Annual Statutory Filings
  • Statutory audit coordination
  • Tax audit – Form 3CD
  • ITR-6 filing
  • Secretarial retainer
  • Compliance calendar management
01
📑
Income Tax Advisory
  • Tax planning — individual & corporate
  • ITR filing (all categories)
  • Section 154 rectifications
  • Assessment & scrutiny support
  • Appeals — CIT(A), ITAT
02
🧾
GST & Indirect Tax
  • GST registration & returns
  • GSTR-1, GSTR-3B, GSTR-9
  • ITC reconciliation
  • GST audit & assessment response
  • Export LUT & refund claims
03
🌐
FEMA & RBI Compliance
  • FDI & ODI structuring
  • ECB advisory
  • FEMA compounding applications
  • RBI approvals & advisory
  • Cross-border transaction review
04
⚖️
IBC & Insolvency
  • NCLT petition support
  • IRP/RP advisory
  • Resolution plan preparation
  • Creditor representation
  • Distressed asset analysis
05
🏢
Corporate Law
  • Company incorporation
  • Foreign subsidiary setup
  • Restructuring advisory
  • M&A and transaction structuring
  • MCA / ROC filings
06
🔒
Internal Controls & Audit
  • Internal audit & control review
  • IFC implementation
  • SOP design & documentation
  • Compliance audit
  • Risk-based audit framework
01
📈
Business Valuation
  • DCF — Discounted Cash Flow
  • NAV & asset-based approach
  • Rule 11UA (Income Tax)
  • IVS-compliant reports
  • IBBI Registered Valuer
02
🔐
Instrument Valuation
  • CCPS & CCD valuation
  • ESOP fair value (Ind AS 102)
  • Convertible notes & warrants
  • 409A equivalent for India
  • FEMA valuation reports
03
🔍
Forensic Audit
  • Fraud investigation
  • Financial statement forensics
  • Digital evidence analysis
  • Related party transaction review
  • CFE (USA) credentialed team
04
🏦
Transaction Advisory
  • Buy-side & sell-side DD
  • Financial due diligence
  • Pre-investment valuation
  • Startup & ESOP structuring
  • Term sheet review
05
⚖️
Valuation for Litigation
  • NCLT — oppression & mismanagement
  • Expert witness support
  • Shareholder dispute valuation
  • Family settlement valuation
  • Insurance claim support
06
🏗️
Real Asset Valuation
  • Intangible asset valuation
  • Brand & IP valuation
  • Purchase price allocation
  • Impairment testing (Ind AS 36)
  • Plant & machinery valuation
01
📊
Financial Planning & Analysis
  • Budget vs actual analysis
  • Revenue & cost forecasting
  • Rolling 13-week cash flow
  • Unit economics & margin analysis
  • Investor-ready MIS packs
02
🚀
Startup CFO Support
  • Cap table management
  • Fundraising financial models
  • ESOP pool sizing & design
  • Board deck financials
  • Data room preparation
03
🔧
Process & Controls Setup
  • ERP implementation & migration
  • P2P, O2C, R2R process design
  • KPI & KRI dashboard design
  • Approval matrix & controls
  • Accounting policy manuals
04
🤝
Management Reporting
  • Monthly management accounts
  • COGS & customer profitability
  • Variance commentary
  • Intercompany reporting
  • Consolidated group reporting
05
💼
Sector Specialisation
  • Ad tech & influencer marketing
  • Digital media & creator economy
  • Manufacturing & logistics
  • Fintech & NBFC
  • Distressed & IBC mandates
06
⚙️
ERP & Technology
  • SAP, Oracle, NetSuite
  • Tally, Zoho, QuickBooks
  • WorkDay, Microsoft Dynamics
  • Bill.com, Expensify, Zip
  • Integration & data migration
Specialist Services Through Associates
The following services are delivered through our network of independent registered professionals and partner firms — ensuring regulatory compliance and independence where required.
Business Valuation (DCF · NAV · Rule 11UA) CCPS / CCD / ESOP Valuation FEMA Valuation Reports Forensic Audit & Investigation Statutory Audit Tax Litigation · CIT(A) · ITAT IBC / NCLT Advisory Transaction Due Diligence
Delivered through IBBI Registered Valuers, CA firms, and specialist practitioners. Engagements are coordinated and quality-reviewed by Gnovera Advisory.

Our Operating Model

We combine consulting, finance process design, and managed KPO execution to deliver scalable finance operations for global companies in India.

STEP 01
🔍
Discovery & Requirements
Understand your India operations, regulatory obligations, and finance function needs.
STEP 02
🏗️
Structuring & Advisory
Entity setup, regulatory framework, and compliance architecture designed upfront.
STEP 03
⚙️
Process Design
Finance workflows, reporting architecture, and operational SOPs designed before execution.
STEP 04
🚀
KPO Execution
Managed execution of accounting, payroll, reporting, and compliance operations.
STEP 05
📋
Compliance Monitoring
Ongoing regulatory filings, audit support, and compliance calendar management.
Consulting-ledWe don't start execution until the structure and process framework is right. Advisory precedes delivery.
KPO-executedDay-to-day finance operations are managed as a structured KPO engagement — not ad hoc advisory.
Specialist network for regulated servicesValuation, audit, and litigation services routed through registered independent professionals.

The Problems We're Built For

Challenge
Foreign company entering India for the first time
GCC Setup & India Entry
End-to-end entity setup, RBI/FEMA registration, FDI structuring, and regulatory onboarding — with a single point of accountability.
Challenge
Scaling finance operations without a full in-house team
Finance Operations (KPO)
Managed accounting, payroll, MIS reporting, and ERP operations at a fraction of the cost of building an internal finance team.
Challenge
Complex multi-jurisdiction compliance with RBI, GST, and Income Tax
Integrated Compliance Monitoring
GST, income tax, FEMA, transfer pricing, and corporate law compliance managed under a single compliance calendar — no filings missed.
Challenge
Startup preparing for investor due diligence or a funding round
Virtual CFO & Finance Function Setup
Clean books, investor MIS, ESOP accounting, and data room preparation — finance function investor-ready within 45 days.
Challenge
Transfer pricing risk with US parent and intercompany transactions
Transfer Pricing & FEMA Advisory
Safe harbour analysis, TP documentation, Form 3CEB, and intercompany pricing models to reduce audit exposure and RBI risk.
Challenge
Business requiring independent valuation or fraud investigation
Specialist Associate Services
IVS-compliant business valuations, ESOP/FEMA reports, and forensic investigations delivered through IBBI Registered Valuers and CFE credentialed professionals.

What Makes Gnovera Different

Most finance advisory firms either advise or execute. We do both — designing the process and then running it as a managed service.

Our team combines Big-4 alumni, FAO leadership experience, and deep India regulatory expertise across FEMA, transfer pricing, IBC, and startup finance.

01
Consulting + KPO Execution
We design the finance operating model and then execute it as a managed KPO service — not two separate firms with handoff gaps.
02
Cross-Border Regulatory Expertise
Deep expertise in FEMA, RBI, FDI structuring, transfer pricing, and US GAAP to Ind AS bridging — essential for GCCs and MNCs.
03
Finance Process Design Capability
We design scalable finance workflows — chart of accounts, MIS architecture, ERP setup — before operations begin. Structure first.
04
Integrated Compliance Monitoring
GST, income tax, FEMA, RBI, and corporate law managed under a single compliance calendar with zero filing gaps.
05
Partner Network of Specialists
Valuation, forensic audit, and statutory certifications delivered through IBBI Registered Valuers and independent partner firms.

Our Engagement Process

Your End-to-End Partner for India GCC Setup

01
Entity Incorporation
Private limited company setup — MCA filings, MOA/AOA, PAN/TAN, statutory registers, initial resolutions. 30–45 day SLA.
02
RBI & FDI Compliance
FIRMS portal setup, Entity Master filing, FC-GPR reporting for equity inflow, FLA annual return — full RBI lifecycle management.
03
HR, Payroll & Labour
PF, ESI, PT, LWF registrations and ongoing monthly filings. Payroll processing from Day 1 of hiring.
04
Accounting & Tax Operations
Full bookkeeping, GST returns, TDS compliance, monthly ledger closure, and parent-facing MIS. Multi-ERP capable.
05
Transfer Pricing
TP study documentation, FAR analysis, Form 3CEB certification, intercompany service agreements, and cost-plus model review.
🇺🇸→🇮🇳
US Parent Expertise
We understand US GAAP to Ind AS bridge, Delaware to India structuring, and USD-INR intercompany recharge models.
⚙️
Multi-ERP Fluency
SAP, Oracle, NetSuite, WorkDay, Tally — seamless integration with parent system reporting requirements.
📈
Scalable Model
Same compliance framework from 10 to 500+ employees. Fee structure scales with headcount, not overhead.
🔒
Data Confidentiality
Dedicated teams per client, NDAs, documented access controls, and process isolation as standard.
🏛️
One-Stop Compliance
Income Tax, GST, TDS, RBI, FEMA, MCA, Labour Law — no multi-vendor coordination needed.
📅
Compliance Calendar
Proactive deadline tracking across monthly, quarterly, and annual filings — zero missed due dates.

Industries & Sectors We Serve

💻
Technology & SaaS
GCC setup, finance operations, ESOP structuring, FEMA compliance, and CFO advisory for software and tech-enabled businesses from seed to Series C.
GCC Finance Ops ESOP Valuation* FEMA / FDI
📱
Ad Tech & Creator Economy
Financial modelling, revenue architecture, and valuation for influencer marketing platforms, creator economy, and performance marketing businesses.
Revenue Modelling DCF Valuation MIS & FP&A
🏭
Manufacturing & Logistics
Cost accounting, plant & machinery valuation, internal controls review, and GST/ITC advisory for manufacturing and supply chain businesses.
Asset Valuation Internal Controls GST Compliance
🌐
Global Capability Centres (GCCs)
End-to-end GCC setup, finance operations outsourcing, transfer pricing, US GAAP to Ind AS bridging, and RBI management for Global Capability Centres established in India.
GCC Setup Transfer Pricing Finance KPO
Distressed & IBC Mandates
Forensic audit, distressed asset valuation, NCLT petition support, and resolution plan preparation for businesses under financial stress or restructuring.
Forensic Audit IBC / NCLT Distressed Valuation
🏦
NBFC, Fintech & Financial Services
Regulatory compliance, Ind AS implementation, COGS & profitability analysis, and instrument valuation for financial services companies.
Ind AS Instrument Valuation Regulatory Advisory

What We've Delivered

Illustrative engagements across valuation, forensic audit, FEMA structuring, and transaction advisory.

FEMA Valuation
Cross-Border Investment Valuation for UK Technology Company
Structured a FEMA-compliant DCF valuation for equity allotment to a UK parent company in an Indian SaaS startup. Reconciled Fair Market Value under Rule 11UA with valuation expected by the AD bank and RBI reporting requirements.
SectorSaaS · Technology
ScopeDCF + NAV + FC-GPR filing
✓ Valuation accepted by AD bank; RBI reporting completed
Forensic Audit
Fraud Investigation for Mid-Size FMCG Manufacturer
Conducted a forensic investigation into procurement fraud across three warehouse locations. Identified inflated vendor bills, related party transactions, and cash diversion through fictitious advances. Delivered a board-level investigation report with litigation-ready findings.
SectorFMCG · Manufacturing
ScopeForensic Audit · Digital Evidence
✓ ₹1.2 Cr fraud quantified; FIR filed with CFE-backed report
ESOP Valuation
ESOP Pool Design & Valuation for Series A Startup
Designed an ESOP pool structure and performed Ind AS 102-compliant fair value estimation for a D2C consumer startup ahead of their Series A fundraise. Provided both the valuation report and the accounting entries for stock-based compensation.
SectorD2C · Consumer
ScopeInd AS 102 · Black-Scholes
✓ Investor-accepted valuation; Ind AS entries booked
Transaction Advisory
Financial Due Diligence for Strategic Acquisition in Ad Tech
Conducted buy-side financial due diligence for an Indian ad tech company acquiring a performance marketing platform. Identified revenue recognition issues, deferred tax liabilities, and earn-out risks; provided a structured red flag report and adjusted EBITDA analysis.
SectorAd Tech · Digital Media
ScopeFinancial DD · Quality of Earnings
✓ Deal price renegotiated; earn-out clause revised
IBC Advisory
Resolution Plan Support for Distressed Logistics Company
Supported the resolution professional in a CIRP matter for a mid-size logistics company. Delivered an independent business valuation under IBC, liquidation value assessment, and resolution plan financial projections for creditor committee review.
SectorLogistics · Transportation
ScopeCIRP Valuation · Resolution Plan
✓ Valuation adopted by CoC; resolution plan approved
Virtual CFO
CFO Office Setup for Influencer Marketing Platform
Set up the finance function from ground zero for a Series A influencer marketing company — including chart of accounts, FP&A framework, rolling cash flow model, investor MIS packs, and ESOP accounting. Provided ongoing monthly CFO support through Series B.
SectorCreator Economy · MarTech
ScopeCFO Setup · FP&A · MIS
✓ Finance function operational within 45 days of engagement

The Advisors Behind Every Engagement

SB
Chamiraju Shanmukha Bharadwaz
Founder & Principal Advisor
CA CMA CFE (USA) Registered Valuer (IBBI)
Founder of GNOVERA Advisory. Specialises in business valuation (DCF, NAV, Rule 11UA, CCPS/CCD/ESOP, FEMA, IVS), forensic audit, tax advisory, and CFO-style advisory for startups and growth-stage businesses. Extensive cross-sector experience in ad tech, digital media, manufacturing, and distressed companies.
10+ Years · Valuation · Forensics · FEMA · CFO Advisory
MK
Medha Kulkarni
Senior Advisor
CA CMA CISA CISP Registered Valuer
25+ years spanning Big 4, EXL (Finance & Accounting Outsourcing), and independent practice. Specialises in budgeting, costing, management reporting, process setup, and IFRS/Ind AS implementation.
25+ Years · Big 4 · EXL · FAO Leadership
PT
Phani Tejaswini
Advisor
CA CPA (USA)
Specialises in financial reporting, GL accounting, AR/AP management, payroll, group consolidation, and cash management. Strong cross-border reporting experience across IT, FMCG, Fintech, and E-commerce sectors.
8+ Years · IT · FMCG · Fintech · E-commerce
Associated Consulting Team
CA Mahesh K V
CA · CMA · Masters Finance (UK)
Consulting Lead · 7 Yrs
CA Chakradhar
CA · CS
Valuation & Consolidation · 8 Yrs
CMA Shravan Kumar
CMA · CFA Level 2
Cost Control & Analysis · 7 Yrs
Mounika
MBA · CMA
Logistics & Ad tech · 7 Yrs
Bhargavi
MBA · CMA
FMCG & Fintech · 8 Yrs

Regulatory & Advisory Perspectives

FEMA · Valuation
FEMA Valuation Rules for FDI Transactions: What Every Indian Startup Must Know
Understanding Rule 11UA, pricing guidelines under FEMA (Non-Debt Instruments) Rules 2019, and why the valuation methodology you choose affects AD bank acceptance, RBI reporting, and your cap table.
Valuation Advisory · 7 min read
Read Insight →
Income Tax · Compliance
Section 154 Rectifications: How to Fix CPC Intimation Errors Without an Appeal
A practical guide to filing rectification applications under Section 154 of the Income Tax Act — when to use it, what errors qualify, how to reconcile TDS mismatches and HRA disallowances with CPC intimation data.
Tax Advisory · 6 min read
Read Insight →
Startup · Valuation
ESOP Valuation Under Ind AS 102: A Checklist for Startups Before Their Next Funding Round
ESOP fair value estimation isn't just a compliance exercise — it directly affects your P&L and investor due diligence. Covers Black-Scholes inputs, grant date selection, vesting schedules, and how investors scrutinise your ESOP accounting.
ESOP · Ind AS · 8 min read
Read Insight →
Forensic · Governance
Forensic Audit Red Flags: 12 Warning Signs in Financial Statements That Boards Miss
Drawing on CFE methodology, this article identifies the most commonly overlooked indicators of fraud in Indian SME and startup financial statements — from journal entry manipulation to vendor master irregularities.
Forensic Audit · 9 min read
Read Insight →
GCC · FEMA
Safe Harbour Rules for GCCs: Transfer Pricing Simplified for US-India Structures
Safe Harbour provisions under Section 92CB offer GCCs a path to reduced TP compliance burden — but with conditions. This article unpacks eligibility, acceptable margins, and when a full TP study is still advisable.
Transfer Pricing · 7 min read
Read Insight →
IBC · Distressed
Valuation in CIRP: The Role of the Registered Valuer Under IBC and IBBI Guidelines
An overview of the IBBI (Registered Valuers and Valuation) Regulations 2017, the two-valuer requirement, liquidation vs fair value, and the independence standards that apply to valuers appointed by Resolution Professionals.
IBC · Valuation · 8 min read
Read Insight →

GCC Compliance Fee Schedule

Indicative annual fees for a GCC entity with up to 100 employees. All fees exclusive of GST (18%). Contact us for Indian company advisory pricing.

Recurring Annual Compliance
Payroll Processing (up to 100 employees) Monthly ₹6,00,000
PF / ESI / PT Filing Monthly Included
TDS – Form 24Q & 26Q Quarterly ₹40,000
Monthly Accounting + GST Returns Monthly ₹7,20,000
Statutory Audit Annual ₹3,00,000
Tax Audit – Form 3CD Annual ₹50,000
Secretarial Retainer (MCA) Monthly ₹2,40,000
ROC Filing – AOC-4 + MGT-7 Annual ₹50,000
FEMA – FLA Return Annual ₹25,000
Transfer Pricing Study 3-Yearly ₹1,00,000
TP Audit – Form 3CEB Annual ₹1,00,000
ITR-6 – Income Tax Return Annual ₹15,000
Total Annual Recurring ~₹22,40,000
One-Time Setup Costs
Company Incorporation₹60,000
RBI / FDI (FIRMS Portal)₹75,000
PF + ESI Registration₹50,000
GST + IEC + PTIncluded
Bank Account OpeningIncluded
Total One-Time ~₹1,85,000
Important Notes
  • All fees exclude GST at 18%
  • Payroll fees cover up to 100 employees — higher headcount priced on actuals
  • TP study required once in 3 years unless transactions change materially
  • Setup fees assume standard 30–45 day incorporation timeline
  • Indian company advisory priced separately — contact us for a tailored quote
Request a Custom Proposal →

Start a Conversation

Whether you're a global company planning a GCC in India, a startup needing Virtual CFO support, or a business requiring integrated compliance management — we're ready to help.

📍
Office
Bengaluru, Karnataka, India
✉️
🌐
Website
www.gnoveraadvisory.in
We Work With
US Parent GCCs Startups & Scale-ups Manufacturing Cos Ad Tech & Digital Media Distressed Businesses FMCG & Retail