The firm has extensive experience in providing auditing and assurance services for the private sector. The firm possesses expertise, interalia, in the following industries:
- Manufacturing (Paper, Sugar, Textiles, Cement, Detergents)
- Trading and Retailing
- Chemicals & Fertilizers
- Information Technology
- Entertainment & Multimedia
- Advertising
- Finance Companies & Mutual Funds
- Health
- Education
The firm has served as statutory auditors of both Life and General Insurance companies such as Life Insurance Corpn of India Ltd, United India Insurance Co Ltd and New India Assurance Co. Ltd. Divisions audited as part of statutory audit work allocated amongst joint auditors include Investments, Reinsurance, Estates and Finalisation.
The firm has a dedicated Bank/FI Audit Division comprising retired bankers with wide experience. The firm has been the Central Auditor of many nationalised banks including the State Bank of India (SBI), the largest nationalised bank in India. Other important bank audit assignments handled (as Central Statutory Auditors) in the past are:
- Indian Overseas Bank
- Canara Bank
- Indian Bank
- Bank of India
- Vijaya Bank
- Lakshmi Vilas Bank
The firm has wide exposure in conducting audits assigned by the Comptroller and Auditor General of India. Some of the Public Sector Companies audited by the firm in the fields of Mining, Heavy Engineering, Insurance etc are as below:
- Bharat Heavy Electricals Ltd
- National Textile Corporation
- Fertilizers & Chemicals of Travancore Ltd
- Tamilnadu Industrial Investment Corporation Ltd
- Pallavan Transport Corp Ltd
- Indian Drugs and Pharmaceuticals Ltd
- Visveswarayya Iron & Steel Ltd
- Tamilnadu Civil Supplies Corporation
- Neyveli Lignite Corpn. Ltd
- Western Coalfields Ltd
- Kudremukh Iron Ore Co Ltd
- National Mineral Development Corp Ltd
The firm is associated with several large philanthropic, medical, cultural and research associations / NGOs as Advisors / Auditors. The firm possesses considerable expertise in the audit and tax representation/advice of educational institutions / charitable trusts and societies.
The firm also possesses vast expertise in the following areas:
- Internal and investigative audits on behalf of Securities Exchange Board of India (SEBI) and Reserve Bank of India (RBI)
- Taxation (including International Taxation, Tax Planning and representation before various authorities such as the Dispute Resolution Panel, Income Tax Appellate Tribunal and Settlement Commission)
- Business Advisory and Consultancy (including advice relating to equity and debt funding, FDI, preparation of project reports and representation before banks)
- Mergers / Demergers and Acquisitions
- Arbitration and Family Settlement advisory services