Built around your business.

Built around your business.

Finance, tax and strategic advisory shaped by the way your business actually works.

Where we work

Our experience spans businesses where the numbers tell only part of the story.

Every industry has its own economics, operating model and challenges. We work beyond the numbers to understand the business, identify what needs to change and build the financial, tax and strategic architecture to support its next stage of growth.

Explore our work
  • Food & Beverage
    01 / 010

    Food & Beverage

    From unit economics to the next round of capital.

    Industries
  • Automotive
    02 / 010

    Automotive

    Financial systems built around vehicle-level economics.

    Industries
  • Energy
    03 / 010

    Energy

    Finance and controls for capital-intensive businesses.

    Industries
  • Data & Analytics
    04 / 010

    Data & Analytics

    One financial architecture across multiple geographies.

    Industries
  • Media & Entertainment
    05 / 010

    Media & Entertainment

    Cross-border structures built for the next stage of growth.

    Industries
  • Wearables & Consumer Technology
    06 / 010

    Wearables & Consumer Technology

    Finance infrastructure for fast-moving product businesses.

    Industries
  • Manufacturing
    07 / 010

    Manufacturing

    Financial clarity across complex manufacturing ecosystems.

    Industries
  • Infrastructure & Real Estate
    08 / 010

    Infrastructure & Real Estate

    Transaction advisory where structuring and tax intersect.

    Industries
  • Sports & Experiences
    09 / 010

    Sports & Experiences

    Financial visibility across venues, segments and experiences.

    Industries
  • Digital & Creator Economy
    010 / 010

    Digital & Creator Economy

    Advising creators and digital businesses as they scale across markets.

    Industries

02In practice

What this looks like in practice.

We don't believe in off-the-shelf advice. Here are some of the businesses and challenges we have worked through.

Case study 01 · Food & Beverage

Turning a growing QSR into an investment story.

Bengaluru · QSR

Turning a growing QSR into an investment story.
The business

A growing QSR chain was preparing for its next phase of expansion and a fundraise. Rather than starting with the fundraise, we started with the business.

The opportunity

We went deep into the operating model: store economics, expansion plans, capital requirements, FICO and FOCO structures, and the economics of scaling the network. Then we built the architecture behind the raise.

What we did
  1. 01

    Understand

    Mapped the business model and identified the key drivers of store-level profitability and growth.

  2. 02

    Model

    Built the financial model to translate the operating assumptions into a five-year growth and financial roadmap.

  3. 03

    Scale

    Developed a scale-up playbook covering store expansion, capital requirements, unit economics and operating assumptions.

  4. 04

    Value

    Developed the valuation framework and connected the company's growth trajectory with the capital being raised.

The result

A fundraise built around more than a valuation.

A clear investment story, supported by the economics of the underlying business and a defined path to scale.

Financial ModellingUnit EconomicsScale-up StrategyValuationFundraise Advisory
Case study 02 · Automotive

Building finance around every vehicle.

Pre-owned automotive

Building finance around every vehicle.
The business

A pre-owned automobile business has a fundamentally different financial architecture from a conventional trading business. Every vehicle carries its own acquisition cost, refurbishment cost, financing cost, holding period and eventual selling price.

The opportunity

We designed the finance function around these realities, from transactions to management visibility.

What we did
  1. 01

    Map

    Mapped the complete vehicle lifecycle, from acquisition and refurbishment to inventory holding and sale.

  2. 02

    Structure

    Designed the financial systems to capture vehicle-level economics and profitability.

  3. 03

    Automate

    Automated accounting and management reporting to reduce manual intervention and improve visibility.

  4. 04

    Control

    Built processes around inventory, receivables, payables and transaction-level financial information.

The result

A finance system designed for the economics of a pre-owned automobile business.

Management gained greater visibility, stronger controls and faster decision-making.

Finance TransformationAutomationManagement ReportingInternal ControlsWorking Capital
Case study 03 · Data & Analytics

One business. Three geographies. One view of performance.

India · UAE · Saudi Arabia

One business. Three geographies. One view of performance.
The business

A growing data analytics business had operations across three jurisdictions, creating increasing complexity across entities, currencies, reporting and internal controls.

The opportunity

The requirement was bigger than compliance. Management needed one reliable view of the business, and we built the finance architecture to make that possible.

What we did
  1. 01

    Connect

    Mapped the commercial and financial flows across India, UAE and Saudi Arabia.

  2. 02

    Structure

    Established a consistent reporting architecture across the three entities.

  3. 03

    Automate

    Automated management reporting and consolidation to reduce dependency on manual processes.

  4. 04

    Control

    Built internal controls around financial reporting, inter-company transactions and information flows.

The result

Three entities, one business.

A multi-country finance architecture that allows management to view three entities as one business, without losing entity-level control.

Multi-country FinanceManagement ReportingConsolidationAutomationInternal Controls
Case study 04 · Infrastructure & Real Estate

When the transaction is complex, the tax shouldn't be.

Joint Development Agreements

When the transaction is complex, the tax shouldn't be.
The business

Real estate transactions often sit at the intersection of commercial structuring, income tax and GST. Joint Development Agreements are a particularly good example, where the tax outcome can change significantly depending on the transaction architecture and the underlying commercial terms.

The opportunity

We didn't just advise on the problem. We built a tool around it.

What we did
  1. 01

    Understand

    Mapped the commercial structure and tax considerations surrounding JDA transactions.

  2. 02

    Structure

    Built a framework to evaluate the income-tax and GST implications across different transaction scenarios.

  3. 03

    Automate

    Developed a tool to automate the underlying computations and scenario analysis.

  4. 04

    Enable

    Created a repeatable approach that can be used before the transaction is executed.

The result

A tax problem turned into a decision framework.

A highly transaction-specific tax problem converted into a structured, technology-enabled decision-making framework.

Real Estate AdvisoryJDA StructuringIncome TaxGSTTransaction AdvisoryAutomation
Case study 05 · Manufacturing

When the right deal structure matters as much as the deal itself.

Acoustic solutions · Strategic acquisition

When the right deal structure matters as much as the deal itself.
The business

A strategic acquisition is rarely just about agreeing on a valuation and closing the transaction. The structure of the deal can determine how value is transferred, what the promoters retain, and how effectively the combined business can move forward.

The opportunity

For a growing acoustic solutions business, we were involved from the point at which the acquisition was first conceived, evaluating the business, the commercial objectives and the promoters' interests before working through the possible transaction structures.

What we did
  1. 01

    Evaluate

    Understood the business, the commercial objectives and what the promoters wanted to retain.

  2. 02

    Structure

    Identified a slump sale as the appropriate route, a structure that aligned with the promoters' objectives and helped preserve and unlock the underlying value of the business.

  3. 03

    Execute

    Supported the transaction through valuation, deal structuring, due diligence and execution.

  4. 04

    Integrate

    Continued into the post-merger integration phase so the combined business could move forward.

The result

The right way to execute this acquisition.

The key was not finding a standard way to execute an acquisition, but finding the right way to execute this one: from acquisition idea to post-merger integration.

Strategic AcquisitionSlump SaleValuationDue DiligenceDeal StructuringPost-merger Integration
Case study 06 · Education

Building a sustainable growth model within a non-profit framework.

Montessori farm-school

Building a sustainable growth model within a non-profit framework.
The business

Educational institutions often operate within a unique structural constraint. The institution may be established through a trust and governed by a framework designed around education as a non-profit activity, while the underlying business still needs to generate sufficient resources to invest, grow and expand.

The opportunity

We worked with a Montessori farm-school that had built its proposition around a highly differentiated learning environment, including an approximately 1:15 student-to-teacher ratio. The challenge was to build a financial and operating model that could support this level of engagement while creating a sustainable path for expansion.

What we did
  1. 01

    Understand

    Rather than treating the trust structure as a limitation, we looked at the entire ecosystem around the institution: its operating model, funding requirements, expansion plans and the applicable regulatory and tax framework.

  2. 02

    Model

    Developed the business model and evaluated the financial flows behind the educational proposition.

  3. 03

    Structure

    Identified efficient, compliant tax structures within the applicable framework.

  4. 04

    Sustain

    Brought purpose and finance together, protecting the institution's mission while creating a model capable of supporting its next phase of growth.

The result

A strong proposition, with a structure to sustain it.

A strong educational proposition needs an equally thoughtful financial structure to sustain it. Our role was to bring those two sides together.

Business ModelTax StructuringNon-profit FrameworkFinancial ModellingEducation
Case study 07 · Sports & Experiences

Making every venue accountable to its own economics.

Venues · Academies · Events

Making every venue accountable to its own economics.
The business

A growing sports and experiences business runs a network of venues across pickleball, padel and football, with academies, sports infrastructure and event management alongside.

The opportunity

A consolidated P&L showed how the business was doing overall. It could not say how each venue was performing, which locations drove profit, or what each segment contributed. The business needed financial visibility at the level it actually operated.

What we did
  1. 01

    Venue-level visibility

    The economics of each centre, tracked on its own.

  2. 02

    Segment-wise P&L

    What each sport and business line contributes to revenue and profit.

  3. 03

    Location-wise performance

    Location P&Ls across the growing network, as a basis for sharper operating decisions.

  4. 04

    Management reporting

    Operational and financial data connected in a framework built around how the business is run.

  5. 05

    Controls and automation

    Automated controls on key financial processes, so oversight grows with the footprint.

The result

From reporting to a management tool.

Management now sees where performance is created, what each venue and segment contributes, and where attention is needed. Finance has become an active management tool rather than a record of what happened.

Management ReportingVenue EconomicsSegment-wise P&LLocation-wise P&LFinancial ControlsAutomation
Case study 08 · Digital & Creator Economy

Advising creators and digital businesses as they scale across markets.

Performing arts · Cross-border income

Advising creators and digital businesses as they scale across markets.
The business

An established Indian dance artist and performing arts professional with a distinguished international presence regularly performs, teaches and collaborates across several countries. With income arising from engagements in multiple jurisdictions, her tax position turned on residential status, DTAA provisions, foreign taxes paid and the GST treatment of cross-border work.

The opportunity

We undertook a holistic review of her India and international tax position, mapping her travel, residential status, income streams, jurisdictions and the taxes paid in each.

What we did
  1. 01

    Residential status

    Assessed Indian residential status alongside her presence in other countries.

  2. 02

    Treaty position

    Evaluated the applicable DTAA provisions and the taxing rights of each jurisdiction.

  3. 03

    Foreign tax credit

    Identified overseas taxes eligible for credit in India and addressed previously unutilised credits.

  4. 04

    GST on engagements

    Reviewed the GST treatment of performances, workshops and other professional engagements, including place of supply and export of services.

  5. 05

    GST refunds

    Structured qualifying international engagements for refund benefits and optimised the recovery of eligible taxes.

  6. 06

    FEMA and remittances

    Reviewed FEMA compliance, foreign remittances and the documentation supporting international receipts.

The result

One tax position across every jurisdiction.

Aligning residential status, DTAA benefits and foreign tax credits across jurisdictions materially optimised her overall tax position.

International TaxDTAAForeign Tax CreditGSTFEMACreator Economy

03More of the work we do

Media & Entertainment

Structuring the journey home.

We advised a media business on a reverse-flip strategy, evaluating the cross-border corporate, tax and regulatory considerations involved in realigning its structure.

Cross-border StructuringReverse FlipTax AdvisoryCorporate Restructuring
Wearables & Consumer Technology

Building finance around a product business that moves fast.

We work with product-led businesses across financial planning, manufacturing economics, reporting, controls and strategic finance, connecting the numbers from product to customer.

Financial PlanningManufacturingReportingControlsStrategic Finance
Manufacturing

Different products. Different economics. One discipline.

Our manufacturing experience spans packaging, automotive components, industrial pipes and fittings, and wearables. Across each, our work is shaped by the underlying economics of production, inventory, working capital and customers.

Financial AdvisoryTaxControlsWorking CapitalFinancial Systems
Energy

Finance for capital-intensive growth.

We work with businesses across the energy value chain on financial structures, reporting systems, controls and tax frameworks designed around capital deployment and long-term growth.

Financial AdvisoryReportingControlsTaxStrategic Finance

04The approach

The industry is different. The approach isn't.

01 · Understand

Start with the business

We start by understanding how the business actually works.

02 · Build

Architecture around it

Then we build the financial and strategic architecture around it.

03 · Automate

Remove the friction

Where technology can eliminate friction, we automate.

04 · Scale

Grow with the business

As the business grows, the finance function grows with it.

From the numbers to the next move.