Buying a company or taking investment means verifying what the other side claims. We review financials, tax records, contracts, and compliance to tell you what liabilities might surface after you sign.
People assume audited financials mean everything is fine. They're not. Audits verify what's in the books. Due diligence verifies what's not in the books—pending litigation that hasn't been provided for, tax notices that haven't been disclosed, contracts with hidden termination clauses, or related party transactions at non-market rates.
We've done DD on manufacturing units, SaaS companies, retail chains, and service businesses. The findings differ by industry, but the process is the same: get access to all records, talk to management, verify third-party data, and flag what doesn't add up.
A Rs. 40 lakh unclaimed GST penalty showed up in one acquisition we reviewed. The seller hadn't mentioned it. Another case had Rs. 15 lakhs in advances to a vendor who had shut down—written off post-acquisition. These things don't appear in balance sheets until someone asks specific questions.
The hidden issues that only show up when someone knows what to look for.
From financial review to business valuation, we cover what buyers and investors need to know before closing.
Review of audited financials, revenue recognition, expense classification, working capital analysis, and EBITDA normalization to show actual sustainable earnings.
Assessment of income tax, GST, TDS compliance, pending notices, disputed demands, and carried forward losses that might not transfer post-acquisition.
Verification of incorporation documents, shareholder agreements, IP ownership, contracts, and litigation status with courts and tribunals.
Review of business processes, vendor contracts, customer concentration, and key person dependencies that might affect continuity post-deal.
Discounted cash flow valuation based on projected financials, WACC calculation, and terminal value estimation for growth or mature businesses.
Peer comparison using EV/EBITDA, P/E multiples, and revenue multiples for similar businesses in the same industry and geography.
Identification of non-recurring items, one-time gains, aggressive accounting, and sustainability of margins to show actual core profitability.
Compliance alignment, system integration roadmap, and financial reporting consolidation for entities operating under new ownership structure.
From data room access to final report, here's how we uncover what matters.
We send a due diligence checklist covering financials, tax returns, contracts, and legal documents. Seller uploads to a virtual data room or provides physical access. Missing documents get flagged immediately.
We review 3 years of audited financials, tax filings, board minutes, customer contracts, and vendor agreements. Management interviews fill gaps and clarify inconsistencies found in documents.
Bank confirmations, receivable confirmations, tax portal verification, MCA filings, and litigation searches happen independently. We don't rely on seller-provided summaries—we check original sources.
All issues get categorized: deal-breakers (material misrepresentation, undisclosed litigation), negotiable items (working capital adjustments), and minor compliance gaps. You get a prioritized list of what matters.
We value the business using DCF, comparable companies, or asset-based methods depending on the industry. Final DD report includes findings, recommended price adjustments, and post-closing action items.
Answers to what buyers and investors actually ask about DD and valuation
Talk to us about due diligence and valuation. We'll tell you what we find and what it means for your deal terms.