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About Us 1
Our Vision 2
The KCM Difference 7
KCM Solution Methodology 9
Audit & Assurance 11
Management Audit 19
Tax Services 27
Corporate Tax 30
International Tax 34
Transfer Pricing 40
Goods & Services Tax 46
Business Advisory 53
Transaction Advisory 54
Corporate Advisory 60
Incubation Support Services 62
Global Exposure 65
Let’s Connect 75
Six decades of dynamic leadership, creativity, integrity, vision and unparallel sense
of commitment is what makes K C Mehta & Co., Chartered Accountants (KCM).
We, at KCM, believe in providing excellent client service with the highest level of
professionalism and ethical standards. With over sixty years of practice, KCM
has accumulated unmatched experience and expertise in the entire range of
assurance, taxation, compliance and business advisory services.
KCM was established in the year 1958 by Prof. K. C. Mehta and has, over the
years, expanded into a dynamic organization that offers a spectrum of
services to diverse clientele. As a vibrant association that brings together
great minds at work, we adopt a pro-active approach to respond to
business needs.
We choose the best of resources and currently KCM has strength of
about 200 dynamic members across four offices.
About Us
www.kcmehta.com
1
Our Philosophy
Our Vision
To be a leader by incessant pursuit of excellence, consolidating upon the foundation of the six tenets of Consistency, Integrity, Independence, Creativity, Excellence and Multicipital.
By recruiting the best talent, advocating a culture of perfection, implementing a customized approach and employing fair practices, KCM envisions evolving into the most respectable practice in the domains that it operates, in the eyes of those within and outside KCM.
Our Mission
Committed to the highest level of integrity and quality, in action and in purpose, KCM consolidates its strengths and skills towards becoming a leader, by offering excellent service and support to clients across the globe.
We recognise that as a firm, we are simply not a team. We are a part of several other teams who have entrusted us with their assignments. KCM thus endeavors to act as an effective extension of the client's business to surmount and influence the upcoming challenges and deliver profitable results.
2
Our Leader
Milin Mehta leads the practice of the firm since last 3 decades. During his leadership, he has steered the firm to grow geographically as well as expanding the scope of its services. He has maintained high ethical standards of the firm and penchant for excellence. Besides being Chartered Accountant, he is also a Law Graduate. His multi-faceted and meritorious academics and experience gives him opportunity to serve clients in the areas ranging from accounting to tax, valuations to strategies and governance to law.
Milin has earlier led the tax practice of the firm and was responsible in setting up the international tax and transfer pricing practice. Milin presently focuses on the Transaction Advisory Services of the firm, while also providing technical leadership to the Tax practice.
Milin's ability to articulate a point and his fair approach has enabled him to negotiate very complex cases. He cherishes arguing in complex tax litigation and has to his credit several reported decisions, some of which are path breaking. He is member of the committee appointed by the Finance Ministry for formulation of ICDS as well as MAT Computation under Ind-AS scenario.
Milin has an excellent network. He also serves as Independent Director in various listed and unlisted companies and chairs their audit committees. He is a prolific speaker and has presented papers and delivered talks in seminars at national level.
Milin Mehta
Managing Partner
3
Mentors
Prof. Kaimas Mehta
Founder
Academician by passion and Chartered Accountant by profession, Prof. K C Mehta founded the firm in 1958 to practise what he used to teach at the prestigious M S University. During his three-decade long association with the University, he also graced the position of Pro-Vice Chancellor .
Presently, Prof. Mehta involves himself in directing the strategies of the firm, mentoring young professionals and spearheading the client feedback process.
Prof. Mehta has been Chairman of Baroda Branch of ICAI. He has also been co-opted as member of the Board of Studies of the ICAI. Prof. Mehta, has taught and trained few thousand of professionals of which hundreds are successful Chartered Accountants.
Mr. Shirish Bakshi
Senior Partner
Mr. Bakshi has five-decade long professional career in industry and professional practice. Apart from being qualified Chartered Accountant and Company Secretary, he also topped the examination of the Institute of Chartered Secretaries & Administrators, U.K. (ICAS) and was awarded the King George V Silver Jubilee Commemoration Prize.
His industry experience helps in understanding and managing client expectations. Mr. Bakshi has advised various multinationals with special focus to the areas of exchange control risk management & international business. Mr. Bakshi, apart from being part of the senior management of the firm, is also in charge of ensuring compliance with Independence Policy of the firm.
4
Mr. Pravin Doshi
Senior Partner Mentors are role
models whom
you see on a
daily basis, and
you learn from
them.
Mr. Doshi, a veteran auditor and consultant, has more than five decades of experience of handling statutory audits with focus on corporate audits. He also holds a degree in Law. Mr. Doshi's focus has been to provide good governance practice in the family owned companies as a medium for growth of the organization and has several success stories to his credit.
He has been instrumental in developing the internal policies and procedures for the attest function discharged by the firm. He spearheads the team which reviews the work done by the firm and ensures adherence to the internal policies and procedures of the firm.
BengaluruKarnataka, India
AhmedabadGujarat, India
MumbaiMaharashtra, India
VadodaraGujarat, India
Our Presence
KCM provides full spectrum of professional services across India from four offices led by
14 Partners and 5 Directors with total team strength of about 200, comprising of
more than 80 qualified professionals
multi-disciplinary team of Accountants, System Auditors, Forensic Auditors,
Company Secretaries, Law Graduates, Management Gradutes, Business Valuers, etc.
6
The KCM Difference
Global Access
KCM has access to 160 accounting firms with 500 offices in 80 jurisdictions
Well-knit Team
with diverse
background
Teams work in cohesive manner and not as ‘silos’
Integrity &
Independence
We follow them in letter and in spirit
It’s a Service
And not a Product
An optimal
blend
A mix of rich experience and excited young professionals
We want to
listen
A strong client feedback mechanism to improve quality of service
7
KCM
Audit
Advisory
Tax
Corporate
TaxInternational
Tax
Transfer
PricingGoods &
Services Tax
Management
Audit
Audit &
Assurance
Corporate
Advisory
Incubation
SupportTransaction
Advisory
Each service area has
a separate team
KCM offers distinct
but integrated service
areas
Teams work in
integrated manner to
provide comprehensive
solutions to the clients
Spectrum of Services
8
KCM Solution Methodology
Customised
Bespoke approach to the client need
Process Driven
An approach that avoids ‘surprises’
Every deliverable runs through 2 layer review
Comprehensive
Holistic approach
Distinct yet Integrated Services
Balanced
Technical solutions with pragmatic outlook
Out of the Box
Unusual possibilities require us to question what is ‘current’
9
Global Connect
KCM is an Independent Member of BKR International. BKR International is an
Association of International Accounting Firms. Member Firms are independent
for client services. However, the firms have come together to serve their client’s
global requirements.
With BKR International, KCM has the advantage of providing cross border support
to its multinational clients.
Key Highlights
One of the top 10 global accounting associations
Combined strength of more than 160 Independent Accounting and Business Advisory firms
Spread over 500 offices in 80 countries
Large enough to offer full range of services, yet small enough to provide service with a personal
touch
Assists independent member firms to grow and strengthen their practices with resources on an
international scale
BKR International member firms are selected for their local influence,
expertise and international capability
10
Audit & Assurance
KCM's uncompromising approach in delivering
independent audit opinion enables the stakeholders
to have a true and fair view about the financial
statements in tune with the expectations of the
statute. KCM has six decades of audit experience
helping it build robust audit processes across
segments and the technical knowledge is kept
updated with continuous training in emerging
areas, techniques and platforms for accounting and
auditing.
Audit & Assurance
Vishal DoshiSenior Partner
Vishal leads the Audit & Assurance practice of the firm. Vishal is a Chartered Accountant with more than 20 years of professional experience. He is also a qualified Information System Auditor, Valuer and possesses Diploma in Insurance and Risk Management.
Vishal specialises in the area of convergence from India GAAP to Ind-AS / IFRS. Vishal has to his credit successfully leading some very prestigious Ind-AS implementation and convergence projects in oil & gas, power and manufacturing sectors.
Vishal has been the chairman of Baroda Branch of ICAI. Vishal is a regular faculty on the courses conducted by ICAI on Ind-AS and has trained hundreds of professionals on Ind-AS during last several years.
Neela ShahPartner
Neela is a Chartered Accountant with more than 20 years of professional experience and
also possesses law degree. She is part of the Leadership team of the Audit & Assurance
practice of the firm.
Neela not only has rich experience of handling assignments of listed companies but is very strong
in the audits of Government Companies. She has helped several Government Corporations in their
accounting and financial reporting functions.
Neela has handled audits of complex business organizations across different segments. She also
reviews the work carried out by the team leaders across the assurance practice in so far as the audit
documentation process is concerned. 12
Pritesh AminDirector
Shripal ShahDirector
Pritesh is a Chartered Accountant with about 18 years of experience in the field
of Audit and Assurance. Prior to KCM, Pritesh was working with a Big 4 auditing firm and was
leading the engagements of various listed and unlisted companies.
Pritesh leads various engagements involving implementation and convergence of accounts from Indian GAAP to Ind-AS. He
has been on short-term secondments to Australia, the United States and the United Kingdom. He has also provided Audit &
Assurance services under US GAAP and IFRS.
Shripal joined the firm after having spent about 15 years practising in the field of Audit and Assurance.
Apart from being a Chartered Accountant, he is also certified Information Systems Auditor. He has successfully completed
Certificate Course on Forensic Accounting and Fraud Detection conducted by ICAI.
Apart from carrying out statutory audits, Shripal has a special interest in forensic audit and fraud investigations. He has carried out forensic audit of
companies at the behest of the lending institutions.
Chhaya DavePartner
Besides being a Chartered Accountant, Chhaya is also a qualified Information System Auditor. She carries with her more than 20 years of professional experience in various fields. Chhaya has rich experience of handling assignments related to statutory audits, tax audits and VAT audits for corporate and non-corporate clients.
She has a niche in handling assignments in banking sector like concurrent audits, stock audits, inspections and other specialized assignments. Her insights into the banking operation practices have helped the firm to add value in such assignments rather than being a pure assurance function. 13
Our risk-based
process driven
approach coupled
with technical
knowledge signifies
depth and breadth
of KCM's
Assurance
function.
Under the Companies Act, 2013
Under the Income-tax Act, 1961
IndAS / India GAAP / IFRS FS Audit
Overseas Subsidiaries of Indian Companies
IFRS / IndAS Implementation & Convergence
Group Consolidation
Accounting Opinions
Audit
Accounting
Advisory
For Various regulatory requirements
Financial Due Diligence
Comfort / Arrangement Letter of Indian / foreign listing
Certification
Audit & Assurance
14
Peer Reviewed From
2003 to 2017
C&AG Category 1
Auditor
ONGC Limited
Listed Navratna PSU engaged in Oil & Gas Exploration, Ranked #8 by Market Cap with turnover of INR 850 billion
Munjal Auto Ltd.Listed entity engaged in
manufacturing of auto parts with turnover of more than
INR 10.6 billion
Transformers &
Rectifiers India Ltd.Listed entity manufacturing transformers with turnover of INR 6.9 billion
Panasonic Energy
India Co Ltd.Listed subsidiary of
Japanese Group engaged in manufacturing dry cell
battery
Gujarat Industries
Power Company Ltd.Listed entity engaged in generation of electricity with turnover of INR 13.6 billion
Diamines &
Chemicals Ltd.Listed company, being the only manufacturer of Ethyleneamines (EA)
in India
Integra Engineering
India Ltd.Listed subsidiary of Swedish Engineering Group engaged in railway signals
Gujarat Hotels Ltd.Leading Hotelier of
Vadodara and an associate of ITC Limited
Key CredentialsAudit & Assurance
15
India's largest paracetamol manufacturer having turnover of INR 4.8 billion
Pharmaceutical
Chemical
Indian company manufacturing zinc and
moly derivatives with turnover of INR 6.7 billion
Engineering
Indian company engaged in manufacturing cryogenic tanks with turnover of INR 4.5 billion
Company manufacturing pharma products with turnover
of INR 6.1 billion
Pharmaceutical
Infrastructure
Commercial Port and Storage Terminal with turnover of INR 2.5 billion
Company manufacturing Aluminium sections with
turnover of INR 2.8 billion
Metal
Products
Company manufacturing electrical transformers with
turnover of INR 3.5 billion
Machinery
Auto
Components
Subsidiary of Listed Company manufacturing Automotive Gaskets with turnover of INR 1.4 billion
Key CredentialsAudit & Assurance
16
Listed Indian bearing manufacturer with turnover of INR 20.2 billion
Auto
Components
Chemical
Subsidiary of Belgian group producing chemicals from
non-ferrous metal with turnover of INR 7.5 billion
Engineering
US Company manufacturing cryogenic products with turnover of USD 16.6 million
Listed Company manufacturing
radiators with turnover of INR 6.1 billion
Banking
Infrastructure
Indian listed company manufacturing & laying transmission lines with turnover of INR 57.8 billion
India’s largest public sector bank with interest income of INR 1.1 trillion
Auto
Components
Indian group engaged in generation, transmission & distribution of energy with
consolidated turnover of INR 410 billion
Energy
Automobile
Indian subsidiary of Japanese car-maker with turnover of INR 66.2 billion
Key CredentialsAudit & Assurance
17
Indian subsidiary of German MNC manufacturing auto components with turnover of INR 11.7 billion
Auto
Components
Consumer
Goods
Indian subsidiary of Taiwanese MNC being 2nd
largest TV panel supplier in the world
EngineeringIndian subsidiary of US MNC manufacturing mass- transfer equipment with turnover of Rs. 1.75 billion
Indian subsidiary of German MNC
manufacturing clutch assembly with turnover of
INR 8.6 billion
Ceramics
MachineryIndian subsidiary of US MNC Engaged in manufacturing oil drilling equipment with turnover of INR 1.50 billion
Indian company engaged in ceramic products with
turnover of INR 5.8 billion
Auto
Components
Indian Project Office of Chinese MNC engaged in
manufacturing transformers with turnover
of INR 4.1 billion
Machinery
EngineeringIndian subsidiary of Denmark based Group engaged in manufacturing of Heat Exchangers
Key CredentialsAudit & Assurance
18
Management Audit
Cross-functional system-based approach is used by
KCM with focus to improve the systems and controls
in an effective manner rather than merely fault-
finding exercise.
Continuous investment is made in developing in-
depth industry knowledge. KCM team is equipped
with tech tools and have experience of performing
audit under all major ERP environments.
Management Audit
Chirag BakshiSenior Partner
Chirag is a Chartered Accountant with more than 25 years of experience. Chirag leads the Management Audit practice of the firm. Over the period of last 2 decades of practice, Chirag has pre-dominantly focused on various areas of internal controls set-up, enhancement and testing.
Chirag has deep knowledge of Indirect Taxes and Foreign Exchange regulations which provides cross functional abilities. He is also a certified information system auditor and has obtained qualification in Computer Aided Audit Techniques. His special love for IT systems and security gives him an edge to add value to the clients in ERP gap analysis and process improvements through system controls.
Ashish JaiswalPartner
Ashish is a Chartered Accountant and Management Accountant with more than 18 years of professional
experience. Ashish is also an MBA in Finance. Ashish has pre-dominantly handled management audits,
internal control assessments and has also assisted the management in complex issues of management and
strategic decision making, strategy formation and implementation.
He has 7 years of Industry experience wherein for 5 years he was Executive Director of a green field engineering unit.
His insights from industry perspective immensely add value while identifying the process gaps and suggesting a balanced
and pragmatic solution.
Ashish is a regular speaker at seminars organized by professional organizations including ICAI and IIA.
20
Internal Audit
SoX Compliance Review
Internal Controls Review - ITGC/ ERP/ Process
Retail Chain Audit
Review of ICFR/ IFC
Financial Closure Review
Continuous Controls Review
Pre-Audit/ Transaction Verification Audit
Perpetual/ Periodic Inventory Verification
Fixed Asset Verification
ISO Compliance Audit
Control
Testing
Services
Control
Enhancement
Services
IFC – Design & Implementation
SOP Development & Implementation Assistance
Designing and Implementation of Costing Systems
IT System Risk Management
ERP GAP Analysis
Forensic/ Fraud Investigation
Specialized
Services
At KCM, we understand
clients business as
management and
review the processes
as auditor, to provide
the best value to the
client.
Management Audit
21
Fraud InvestigationForensic investigation to
identify and quantify the
fraud with evidences
Internal Financial Controls
Documenting the framework of
IFC and perform test of controls
to assess their operating
effectiveness
Documenting SOPsDocumentation with flow
charts, gap analysis and
recommending future business
processes
Costing Systems
Designing & implementation of
system for productwise cost
report, reconciliations and
other costing MIS
IT System and ERP Review of Information
Technologies General Controls
and ERP Optimization and
Training
Management Audit
Specialized
Services
22
Audit
Tools
Management Audit
ERP
Environment
23
Key Credentials
Oriental Aromatics
Limited
Listed Company engaged in the field of Terpene Chemistry
having turnover of INR 5 billion
Elecon Engineering
Company Limited
Listed company engaged in manufacturing of material handling equipments and industrial gears with turnover INR 9.1 billion
Sun Pharma Advanced
Research Co Ltd.
Research Company of the No#1 Pharma Co. by Market Cap.
with turnover of INR 1.8 billion
Gujarat State Petronet
Limited Paushak Limited
Jayant Agro
Organics Ltd.
Listed company engaged in producing Castor oil and its derivatives with
turnover of INR 6.5 billion
Listed Company engaged in transmission of natural gas with turnover of INR 13.3 billion
Listed Company & Part of Alembic Group Engaged in producing Phosgene and its derivatives with turnover of INR 1 billion
Listed company engaged in manufacturing food processing equipment
Axtel Industries
Limted
Gujarat State Fertilizer
Company Ltd
Listed PSU engaged in manufacturing fertilizers &
chemicals with turnover INR 50 billion
Management Audit
24
Transaction Verification Audit of Listed Indian subsidiary of Swedish Engineering Giant having turnover of INR 94 billion
Engineering
Chemical
Indian subsidiary of Austrian Colour pigment
manufacturing giant with the turnover of INR 4 billion
Chemical
Listed largest company manufacturing Chlor-Alkali in India with turnover of INR 16 billion
Special Audits for the company Ranked #1 by
Market Cap in Pharma sector
Pharmaceutical
Engineering
German MNC engaged in Gas & Engineering Sector with Group of over 600 affiliated companies in 100+ countries
Luxury car dealer for Lamborghini and
Mercedes-Benz and luxury gourmet brands like La
Pavoni, Gaggia & Bugatti
Automobile
Company Engaged in Distribution of Electricity
having turnover of INR 128 billion
Energy
Indian subsidiary of UK MNC engaged in manufacturing auto components with turnover of INR 2.5 billion
Key CredentialsManagement Audit
Auto
Components
25
Key CredentialsManagement Audit
Manufacturer of Pharmceutical Formulations for USA Based parent company
Pharmaceutical
Chemical
Indian subsidiary of Spanish Group engaged in
manufacturing frits and ink for designer tiles
Industrial
Goods
Subsidiary of a well known Indian group in pump manufacturing with turnover of INR 3.8 billion
Listed pharma formulations manufacturer with turnover
of INR 7.6 billion
Pharmaceutical
Energy
Electricity generation company with multiple units and turnover of INR 84 billion
Indian subsidiary of Brazil MNC manufacturing water
pumps with turnover of INR 2 billion
Industrial
Goods
Project Audit of Indian sub of large Chinese
Transformer Co with investment of INR 10 billion
Machinery
Auto
Components
Indian subsidiary of major Chinese MNC engaged in automotive interior component
26
Tax Services
In recent times, “Tax” being a global reputation and
political subject affecting goodwill of an entity, a tax
advisor's role is more imperative while contributing
value to the company's overall strategy as an integral
part of the business. This mandates a need of
specialist advices and services to manage various tax
obligations pro-actively.
KCM considers sensitivity of Tax to various
stakeholders and provides value added services by
keeping highest level of ethical standards and quality
of services.
Shripad Deshpande
Corporate TaxPartner
Arpit Jain
International Tax &
Transfer Pricing
Partner
Bhavin Marfatia
Tax LitigationPartner
Akshay Dave
Corporate Tax AdvisoryPartner
Tax Services
Milin Mehta
Tax Leader
Chirag Bakshi
Goods and Services TaxPartner
Tax Leadership
At KCM, we have a vibrant team of tax professionals who breathe tax. While we
have dedicated teams for different tax areas headed by partner, they work in
complete sync to provide comprehensive tax solution to the client.
KCM tax practice is recognized as one
of the leading tax practices in India.
Milin Mehta leads the tax practice and plays the pivotal role in determinig tax
strategies for the client.
28
KCM is a with special focus on Tax as servicesboutique firm
Tax Services
KCM is consistently recognized as Leading Tax Firm by International
Tax Review
Tax Team comprises of 6 Partners, 3 Directors and more than 30
Professionals
KCM regularly publishes its analysis on important tax subjects
29
2020 Edition
The Comprehnsive
Guide to
the World's Leading
Tax Firms
RECOMMENDED FIRM
0022
Shripad DeshpandeSenior Partner
Shripad presently leads the Corporate Tax practice, apart from being client relationship head for some large prestigious clients of the firm. With more than 20 years of professional experience, he has developed a niche in the area of tax representation.
H e f o c u s e s o n c o m p l i a n c e a n d representation for Corporate tax matters. Shripad has successfully handled complex matters ranging from corporate tax assessments and the assessments made consequent to tax investigation, searches and surveys. He also provides support to various large corporates to meet their employee tax obligations.
Bhavin MarfatiaPartner
Bhavin leads Corporate Tax litigation practice of the firm. He is
a Chartered Accountant with more than 16 years of professional
experience. Bhavin regularly advises clients on major corporate tax issues and also represents them before the tax
and appellate authorities.
Bhavin has successfully handled several tax litigation matters of diverse nature including those involving transfer pricing
adjustments, admissibility of business deductions or incentives, capital gains and penalties.
Corporate Tax
Akshay DavePartner
Akshay leads the Corporate Tax practice of the Ahmedabad office. He is a Chartered Accountant
with more than 15 years of professional experience. Akshay regularly advises clients on major corporate tax
issues and also represents them before the tax and appellate authorities.
He specialises in corporate tax and in achieving tax efficiency in various transaction tax related services. He has worked extensively in relation to
tax implications on adoption of Ind-AS coupled with ICDS. He has also undertaken detailed research and have advised clients in relation to
applicability of GAAR to the existing / proposed transactions.30
Virat BhavsarDirector
Virat is Chartered Accountant with experience of more than 12 years in handling varied tax matters including complex search and seizure matters and tax issues
relating to foreign assets. He has done extensive analysis in relation to Income Computation & Disclosure Standards for clients across industries.
He also appears before the tax authorities for representing matters involving divergent issues during assessment and revisionary proceedings. He is a regular speaker at seminars and conferences organized by various professional bodies such as ICAI and Tax Bar Associations.
Dhaval TrivediDirector
31
Dhaval is a Chartered Accountant and a Company Secretary with more than 10 years of experience in the fields of Corporate Tax & International Tax. Prior to joining KCM, he has worked with Big 4
consulting firm in Tax & Regulatory services for around 9 years.
Dhaval has rich experience in handling corporate tax matters, including advising on domestic tax issues like taxability of peculiar transactions, allowability of tax breaks, mergers and acquisitions, litigation support and tax health check.
Pre-Transaction Advisory
Tax Risk Assessment
Corporate Tax Planning
Tax Holiday Planning
Corporate Tax Returns
eTDS Returns
Tax Incentives claims certification
Employee TDS compliance
Planning
&
Advisory
Compliance
Representations to CBDT
Representation before Tax & Appellate Authority
Strategies for litigation
Support for litigation at HC & SC
Representation &
Litigation
Corporate Tax
KCM's rigorous tax
research methodology,
sharp representation
skills backed by
exceptional
litigation
strategies brings
value to client's
business
decisions.
32
KCM develops innovative ideas of Tax Planning
It focuses on tax efficiency but with strong technical foundation. KCM defends its planning and helps its client to sail through the litigation process as well. It provides end-to-end solution.
Key ProjectsCorporate Tax
Advising on optimal solution
based on interplay of Ind-AS and ICDS
Advising on non-taxability of carbon
credit receipt
Tax efficient structuring
involving “Concept” as intangible capital asset
Tax deduction of expenses through issuance of hybrid
instruments
Advancing the expense
deductibility by establishing
business set-up
Advising on GAAR and POEM
implications for overseas subsidiary
of Indian Co.
Planning through equity-incentive
plans to employees
Equity conversions based on tax and
business objectives
33
Arpit leads KCM's International Tax & Transfer Pricing practice. He is a Chartered Accountant with more than 16 years of experience. Arpit had a meritorious career and secured ranks in all CA exams.
Arpit has been involved in advising a number of corporations on the matters relating to International Tax . He specializes in tax and regulatory implications of cross-border transactions covering exchange control regulations, tax treaties including MLI, BEPS Action Plans and transfer pricing.
He has co-authored India Report on “The notion of
tax and the elimination of international double
taxation or double non-taxation” for IFA in 2016. He has been regular faculty in the Certificate Course on International Taxation conducted by ICAI.
Arpit JainPartner
International Tax
34
Dhaval TrivediDirector
Dhaval has more than 10 years of professional experience including 9 years with Big 4
consulting firm. He also holds Certificate for successful completion of International Tax
Course from ICAI.
He has handled international tax and regulatory matters including analysis of various DTAAs,
cross-border structuring projects, PE issues, repatriation strategies, foreign tax credit issues, etc.
Dhaval has assisted in contributions to various articles on topics related to International Tax in
national / international publications. Dhaval has been a speaker on International Tax issues across forums
including ICAI.
Dhwani ShahAssociate Director
An all India 9th Rank-holder Chartered Accountant Dhwani has more than 8 years of professional experience in the field of international tax. She has advised various multinationals in relation to inbound and outbound investment structuring, PE taxation, holding company regimes, taxation of IPRs, foreign tax credits, expat taxation, repatriation strategies, etc.
She has also worked on tax and regulatory implications of cross-border transactions, mergers and acquisitions, exchange control regulations (FEMA), transfer pricing matters including preparation of Country-by-country report and Master file, etc. She has delivered lectures at various forums and has contributed to professional journals.
35
Global Investment Structure
IPR Holding Structure
Cross border Restructuring
Pre-transaction Advisory
BEPS Impact Analysis
Expatriate Arrangement Structuring
Advance Ruling and Mutual Agreement Procedure
Global
Tax
Strategy
Planning &
Advisory
Representation
Appellate Representations
Expatriate Taxation
India Tax Compliance by Foreign Companies
Support for HC & SC
Compliance &
Litigation
KCM has developed a
niche in the field of
International Tax
and is recognised
as one of the
leading firms in
the arena of
International
Tax.
International Tax
36
Global Investment Structure
Advising on appropriate Investment Structure considering
• Investment objective & long term Investment strategy
• Tax on Repatriation & Exit Taxes
• Set-up, ease of Operations and Substance Requirements
International Tax
US MNC expanding its operations
covering India, Singapore,
Philippines, Malaysia, UK, UAE, etc.
Indian listed MNC engaged in
undertaking turnkey contracts in more than 20 countries
Indian listed company engaged in chemicals for their operations in
US, Europe and Middle East
Base Erosion & Profit
Shifting (BEPS)
Analyzing impact of each of BEPS Action Plan
BEPS implementation in India
Current and likely future impact of BEPS proposals on the client
Listed Indian MNC engaged in Turnkey
Projects having operations in more than 40 countries
(including about 28 Permanent
Establishments)
Listed Indian MNC engaged in
manufacturing auto components having operations in more than 12 countries
Indian subsidiary of Taiwanese MNC
engaged in manufacturing steel
products with turnover of INR 8.5
billion
Key Projects
37
Key ProjectsInternational Tax
Separating business groups without
triggering ‘indirect transfer’ tax in case of a US IT major having substantial operations
in India and Asia Pacific
Reducing effective tax rate of DDT (i.e. 21%) on
dividends paid to foreign company to 10% invoking Article - 10 of
relevant DTAA
Advising US MNC expanding business in various jurisdictions
relating to Regulations on foreign jurisdictions
based on topical research and objective
oriented solutions
Structuring sale of API manufacturing unit without triggering
Indian ‘indirect transfer’ tax for US
MNC with R&D center and manufacturing
plant in India
Structuring sale of Indian hotels held by
Kenyan residents including implications of Section 93 in case of
a large hospitality Group
Restructuring the holding structure from
Cyprus through Company migration for German Group
engaged in Pigments manufacturing
Pre Transaction Advisory
38
International Tax
Indian company engaged in turnkey contracts
having issues involving taxability of off-shore
supply and profit attribution to PE and representation before
Kenya Revenue Authority
Defending non-inclusion of profits of overseas subsidiary in tax free jurisdiction in
the hands of Indian Parent
Claim of deduction in respect of allocated
Head Office expenses without any
restriction invoking Article 7(3) of India – UAE DTAA upheld by
ITAT
Dalma Energy LLC
Claim of tax benefit under Section 80HHE
invoking Non Discrimination Article
in India – US DTAA upheld by ITAT Special
Bench
Rajeev Gajwani
Taxability of supervisory income received by foreign
consortium partners as ‘fees for technical
services’
JSC Zangas, Russia
Landmark ruling by AAR in respect of non-
taxability of sale of engineering drawings
and designs.
Pro-quip Corporation
Key Projects
International Tax Litigation
39
Prashant KotechaDirector
Prashant leads KCM's Transfer Pricing practice at Vadodara. He has more than 10 years
of experience in this field.
He has advised India based MNC for creating and implementing Transfer Pricing policy for intra
group transactions across the subsidiaries in various countries. He also assisted them in
preparing TP documentation as per the requirement of local law of USA, Czech Republic, Russia,
Netherlands, Italy, France and Germany.
He has worked upon assignments of implementation of BEPS Action Plan on Transfer Pricing issues especially
preparing Master Files. Prashant also appears before Transfer Pricing Officer at various locations across the
country.
Transfer Pricing
Arpit leads KCM's Transfer Pricing practice and has more than 15 years of experience in that field. Arpit has been named as leading Transfer Pricing professional in India in TP World 2014 by International Tax Review.
He has advised various corporates with regard to CbC Report and Master File requirements as per BEPS Action 13. He has advised various multinationals with regard to the supply chain models, strategies for reducing litigation including advising on suitability of APA - safe harbours, etc.
He has successfully defended various TP issues including royalties, management fees, marketing intangibles, corporate guarantee, etc. He was instrumental in framing Transfer Pricing policy for very large corporate with intra-group transaction being more than INR 350 billion.
Arpit JainPartner
40
Global Transfer Pricing Policy
Global Planning Studies
Global TP Documentation
Country by Country Reports (CbCR)
BEPS Action 13 Master File
TP Planning Studies
Transfer Pricing Documentation
Transfer Pricing Audit Report
Safe Harbour Filings
Representation before TPO / DRP
Litigation before CIT(A) / ITAT
Global
TP
Services
India TP
Service
Royalty / Lumpsum Technical Know-how
Management Fees
Interest / Guarantee Fees
Marketing Intangibles
Captive Service Providers – IT / ITeS / BPO
Special
Transactions
Benchmarking
Over the last two
decades, KCM has
established itself in the
Transfer Pricing
domain by
demonstrating its
capabilities to
formulate &
honour Transfer
Pricing
requirements
across the
globe.
Transfer Pricing
41
Key ProjectsTransfer Pricing
KCM assisted multinational groups to comply with the transfer pricing documentation
requirements of various jurisdictions across the Globe
Global TP
Documentation
Databases
KCM has access to Indian and International subscribed databases
ProwessIQCMIE
Indian Database of approx. 45,000
companies
International Database with details of approx.
20 million entities
International Database for Royalty and Service
Fee Benchmarking
An Indo-German group engaged in Medical Diagnostic equipment
Netherland based Group to comply with TP Regulations for the parent and its subsidiaries spread across Europe
Countries for which TP Documentations prepared -
Germany, USA, Italy, Turkey, Poland, Spain, Switzerland, Netherlands, France, Russia, Czech Republic, Austria, UK, Kenya, Rwanda
42
Base Erosion & Profit
Shifting (BEPS)
KCM has advised MNCs on BEPS implication and assisted in complying with the BEPS Action Plan - 13
Transfer Pricing
Listed Indian MNC engaged in Turnkey Projects having operations in more than 40 countries (including about 28 Permanent Establishments)
Listed Indian MNC engaged in manufacturing auto components having operations in more than 12 countries
Listed Taiwanese MNC engaged in manufacturing steel products.
Country by
Country
Reporting
(CbCR)
US MNC engaged in IT Staffing & Recruitment solutions with more than 50 offices worldwide and employing more than 14,000 professionals
Europe based MNC operating in the pigment industry since 200 years with production facilities in Europe, US and Asia
Chinese MNC in manufacturing power transformers and accessories
Indian MNC engaged in manufacture of Cryogenic Vessel Alternatives and world's largest manufacturer of cryogenic transportation equipment
Indian MNC being the largest producer of plastic water tanks and with presence in 4 continents
Master File
Key Projects
43
Transfer Pricing
Indian Energy Group with intra-group transactions of more than INR 350 billion
Indian MNC engaged in Diagnostic equipments & kits
Global TP
Policy
Indian Listed sub of Japanese electronic giant
Listed Indian company engaged in Power Transmission
Leading Pharma company listed in Indian market
Listed PSU engaged in manufacturing fertilizers & chemicals
Related Party
Transaction
Policy
Transfer Pricing Policy
KCM has assisted in framing transfer pricing policies of the clients so that their pricing is in compliance with arm's length principle as per tax and governance standards in all jurisdictions.
Key Projects
44
Transfer Pricing
KCM has carried out Intangible / Royalty Benchmarking Studies
Indian Listed subsidiary of Japanese electronics giant
Indian Listed subsidiary of German auto component manufacturer
Trademark fees charged by German MNC to various companies across the Group
Indian JV of French MNC engaged in manufacturing plastic auto components
Intangibles
Based on credit rating and differential pricing parameters of financing
Indian MNC engaged in manufacturing cryogenic vessels
Indian company engaged in trading of metals
Interest & Guarantee fees
Special Transactions
KCM has carried out benchmarking studies for determining Arm’s Length nature of special transactions
Key Projects
Advising clients on TP implication on support service arrangements
Indian Listed subsidiary of German auto component manufacturer
Indian subsidiary of German MNC engaged in plumbing solutions
Indian subsidiary of European MNC leading manufacturer of printing ink
Management Support Services
45
Bharat RawalDirector
Bharat is a professional with more than 40 years of experience behind him. Bharat leads the Goods &
Services Tax team covering GST, Customs, Excise, Service Tax, VAT and CST. Bharat has led and been
part of the indirect tax teams of reputed multi-national enterprises and other manufacturing
concerns. During his long stint he has also worked in the area of direct taxes, finance and accounting.
He has handled the assignments of Tax management, Tax Planning, set up of internal tax compliance system,
effective clearance of litigation at various appellate forums. Bharat has successfully led the team of the firm for
carrying out various assignment of Indirect Taxation.
Goods and Services Tax
Chirag BakshiSenior Partner
Chirag leads the Goods & Service Tax practice of the firm and has more than 15 years of experience in the same. Chirag was invited by the Government of Gujarat to assist them in suggesting revenue neutral rate to the GST Council.
Chirag led the team during the critical transition phase from various indirect taxes to GST, which is regarded as one of the major reforms of independent India.
He helped the clients in analysing GST implications for their existing business models and suggest ing them the improvised and optimal business model considering newly introduced GST regulations.
46
Periodic tax filings
Annual tax filing
GST Audit
Periodic refund applications
Impact Analysis
Transaction structuring and business remodeling
Analysis of customs duties
Entitlement of tax incentives / exemptions
Returns
Planning &
Advisory
Representation to GST Council
Representation before GST / Customs / DGFT authorities and appellate authorities
Advance Rulings Assistance in SVB proceedings
Support for litigation at SC & HC
Representation &
Litigation
KCM’s thorough
analysis on the
evolving law helps
the clients to take
decisions on
optimal supply
chain model.
Goods and Services Tax
47
Key ProjectsGoods and Services Tax
Subsidiary of Brazilian MNC
engaged in manufacturing
electrical motors and generators
Subsidiary of German MNC
engaged in manufacturing and trading plumbing, heating and pipe joining system
Indian Group engaged in
manufacturing plastic components having turnover of
INR 10 billion
Indian Group engaged in
manufacturing agrochemical
having turnover of INR 13 billion
Subsidiary of French MNC engaged in
manufacturing road machinery, equipment and
asphalt plant
Indian Group engaged in
manufacturing auto components having turnover of INR 10
billion
GST Impact Analysis Providing comparative result on taxes under
previous indirect tax regime and post implementation of GST along with impact on its Financial, Commercial and Operational areas of the organization
Providing optimum tax planning and strategies during implementation stage
Providing assistance for successful implementation and execution
48
Key ProjectsGoods and Services Tax
Assistance in EOU debonding procedure along with providing legal possibilities to minimize tax effects
Preparation of factual and legal submission to
be made to the respective appellate authority on various
matters
Preparing submission to be made to the
customs authorities and appearance in personal hearing before customs
authority for getting SAD refund
Preparing submission to be made to the
customs authorities and appearance in personal hearing before customs
authority for getting SVB order
Assistance for converting DTA unit into EOU unit along with strategies and
advices regarding tax implication
Applicability of GST on return of goods by job
worker under GST regime which were sent
by the principal manufacturer under
erstwhile regime
49
Key CredentialsTax Services
Indian subsidiary of well- known Japanese car- maker with turnover of INR 66.2 billion
Automobile
Metal
Products
Indian subsidiary of largest stainless steel manufacturer
setting up a plant in India with investment of
INR 60 billion
Metal
Products
Indian subsidiary of Taiwanese MNC manufacturing steel products with a turnover of INR 8.5 billion
Indian listed bearing manufacturer with
turnover of INR 20.2 billion
Auto
Components
Oil & Gas
Listed company engaged in laying and operating cross-country Gas Transmission Pipeline with asset size of INR 89.5 billion
Indian subsidiary of Chinese MNC manufacturing
Transformers with turnover INR 11.56 billion
Machinery
Listed Indian MNC engaged in plastic and
textile business with consolidated turnover of
INR 65 billion
Consumer
Goods
Engineering
Goods
Indian subsidiary of US MNC engaged in manufacturing mass transfer equipments with turnover of INR 1.7 Billion
50
Tax Services
One of the Largest producers of Zinc Oxide in India and mining operations in Africa, with a consolidated Group turnover of INR 15 billion
Chemical
Paper
Indian subsidiary of US MNC engaged in
manufacturing of paper products having turnover of
INR 2.1 billion
Energy
Group engaged in Generation, Transmission and Distribution of electricity with turnover of more than INR 410 billion and intra-group transactions worth more than INR 350 billion
Indian subsidiary of German MNC manufacturing colour pigments with a turnover of
INR 5 billion
Chemicals
Infrastructure
Listed turnkey player in power transmission (with more than 28 projects outside India) with turnover of more than INR 57.8 billion
German MNC having well known brand for high end
sanitary wares, ceramics & bathroom fittings with
operations in 30 countries
Consumer
Goods
Listed Power Generation Company having
turnover of more than INR 13.6 billion
Energy
Chemicals
Indian subsidiary of French MNC producing zinc derivative products with turnover of INR 7.5 billion
Key Credentials
51
Indian subsidiary of German MNC manufacturing auto components with turnover of INR 11.7 billion
Auto
Components
Listed company manufacturing radiators with turnover of INR 6.1 billion
Indian subsidiary of German MNC
manufacturing clutch assembly with turnover of
INR 8.6 billion
Auto
Components
Indian company engaged in road construction with
turnover of INR 3.4 billion
Infrastructure
Tax Services Key Credentials
Auto
Components Engineering
Indian company engaged in manufacturing cryogenic tanks with turnover of INR 4.5 billion
India's largest paracetamol manufacturer having turnover of INR 4.8 billion
Pharmaceutical
Infrastructure
Commercial Port and Storage Terminal with
turnover of INR 2.5 billion
Indian subsidiary of Brazil MNC manufacturing
water pumps with turnover of INR 2 billion
Industrial
Goods
52
Business Advisory
Our rich experience in understanding the mid-size
family owned businesses, including their
apprehensions and aspirations help us in advising
our cl ients for strategizing the mergers ,
acquisitions or strategic alliance opportunities. We
create value by transaction structuring and help our
clients in negotiating such structures to bridge the
gaps. Credibility of the firm of being fair in
negotiations helps the transaction closing.
Darshana MankadPartner
Darshana is a Chartered Accountant with more than 35 years of professional experience.
She supports Milin in Transaction Advisory services and leads the Corporate Advisory and
Incubation Support Services of the firm.
Darshana was part of the top management team of a large listed company and has more than 25
years of rich industrial experience.
Darshana has successfully handled restructuring assignments, transaction support for mergers and
joint ventures, entire set up compliances for new businesses, regular accounting and compliances,
consents and approvals for various types of entities and businesses.
Milin MehtaManaging Partner
Milin leads the Transaction Advisory Services of the firm. His varied experience and wide network help him negotiate complex transactions and find solutions. His ability to leverage his tax, legal and accounting experience to find solutions and create value in a transaction is highly appreciated by his clients. Milin's ability to articulate a point of view enables him to lead several negotiations for his clients.
Milin has been actively involved in closing some complex acquisitions and joint ventures. His abilities to garner best valuation keeping optimal tax structure creates a win-win scenario for all stakeholders. Milin also serves as Independent Director to various listed and unlisted companies and he contributes significantly to their growth strategies.
Transaction Advisory
54
Suril is a Chartered Accountant and also holds a certificate in International Tax by the ICAI. He comes with more than 7 years of experience in Transaction Advisory.
His transaction advisory role includes deal sourcing, negotiation, structuring, tax planning, and other transaction support services. He has advised promoter groups for investment in India as well as outside India, with a core focus on Indian family owned companies. Suril's experience spans across industries such as chemicals, mining, trading, real estate and construction, automotive, ITES, etc. He has served a varied category of clients including privately held businesses, listed companies, private equity and MNCs.
Suril MehtaAssociate Director
Chinmay NaikAssociate Director
Chinmay is a Chartered Accountant and a certified Master in Business Finance by the ICAI. He comes with more than 7 years of
experience in Assurance and Transaction Advisory. He was also a part of Assurance and Advisory teams of global consulting firms.
His transaction advisory role includes financial due diligence, business plan review, business valuation, financial planning & analysis, and other transaction support services. Chinmay's experience spans across industries such as manufacturing, capital goods, automotive, start-ups, financial services, oil & gas, real estate and construction, etc. He has served a varied category of clients including privately held businesses, listed companies, private equity and MNCs. 55
Practice
Area
Experience
Strong belief in
positivity and undying
enthusiasm to find a
solution to conceivably
impossible situation
have enabled us to
close difficult deals
in a win-win
manner.
Transaction Advisory
Investor / Partner search
Preparation of Information Memorandum
Front-ending the deal
Business valuation
Due diligence
Buyer-side / seller-side support
Shareholders’ Agreement
Legal Compliance & documentation
Regulatory filings & approval
Securities compliance and reporting
Mergers & Demergers Restructuring Domestic & Cross-Border Transactions Joint Venture & Strategic / Technical Alliances Private Equity deal Stock and Asset acquisition Hostile Takeover proposal Takeover Defense Going Private transactions Tender Offer & Exchange Offer
56
Transaction Advisory
Acquisition of stake from
GE
Indian promoters re-acquired the majority
stake from GE in oil & gas based Company.
Negotiated negative
consideration
Swiss-India JV in LLP
JV in LLP involved in the packaging for
specialty chemicals.
Multi-stage acquisition
Complicated multi-stage JV following
acquisition from foreign Co by Listed Co. Size:
INR 500 million
Acquisition via Put
Option
Structured Put Option for acquisition of
Specialty Chemicals manufacturing
Company
Acquisition of a Listed
Company
Acquisition of Indian Listed Co. from US
Fortune 500 Company
JV between Gas
Distributors
JV between Gas Distributors worth
INR 2.15 billion
Merger of 3
Architectural Firms
Transaction for availing synergy of globalizing
respective business
Congo Mining Assets
Acquisition of major stake of Congo Mining Assets from Australian
Listed Co
Key Projects
57
Transaction Advisory
Acquisition of European
Tech. Co
Indian Metal Company’s JV with a French Tech. Company for setting up new technology recovery
plants in Europe
Vertical integration in
Europe
Indian Co acquired its European customer for
INR 1.1 billion
Acquisition by US
Listed Co
Acquisition of majority stake in Indian
Engineering Co. for INR 500 million
Pharma Manufacturer
JV between Indian Pharma manufacturer and European Co. for
INR 500 million
JV with African
diversified Group
For setting up African manufacturing plant
Foreign investment in
Healthcare
Investment by a foreign PE into Multi Specialty
Hospital
Sanitary Equipment
Manufacturer
Sanitary Equipment Manufacturer
acquisition by European Co.
Indian IT security
product
Global IT security giant’s acquisition in a
uniquely structured transaction
Key Projects
58
Key ProjectsTransaction Advisory
Other Deals JV between Indian & Chinese Transformer Manufacturer for 45 Crores
JV with US logistics for unique synergy
JV with US Real Estate Group
JV with Australian Listed Co for African Mining project
JV with Large American ethnic food product manufacturer
Expansion of US presence for setting up distribution network
JV with Czech Republic for specialized product specific deal
JV between Indian Pharma & European Co.
JV between Foreign Sub. & Foreign Govt. for exploitation of mining interest outside India
JV for exploiting Patent in Diagnostics worldwide in cutting edge medical diagnostics
59
Business & Share Valuation
Intangibles Valuation
Project Feasibility Study
Project Finance Assistance
Strategic Advisory on Investment Routes
Planning & Management
Regulatory & Compliance Services
Representation before Authorities
Financial
Advisory
Exchange
Control
Corporate Laws Advisory
MCA Filings
Company Law Compliance & Documentation
Secretarial Compliance Review
Legal Documentation
Corporate &
Business Law
Corporate compliance could
be complex and non-
compliance could be a
major hindrance for
business activities and
therefore it is best if
the same is assigned to
a team of experts
whose focus is
helping clients in
their corporate law
compliances.
Corporate Advisory
60
Corporate Advisory Key Credentials
Indian subsidiary of USMNC Engaged inmanufacturing oil drillingequipment with turnoverof INR 1.5 billion
Machinery
Railways
Indian subsidiary of Italian MNC engaged in interiors
of Metro rail
Chemical
Indian subsidiary of Spanish Group engaged in manufacturing frits and ink for designer tiles
Indian Joint Venture of Chinese Group engaged in
manufacturing Transformers
Machinery
Metal
Products
Indian subsidiary ofTaiwanese MNC setting up Steel manufacturing plant with investment of more than INR 15 billion
Indian subsidiary of the largest privately owned US
Corporation engaged in manufacturing of mass-
transfer equipment
Engineering
Listed Indian entity manufacturing chemical
intermediates with a turnover of INR 14.8 billion
Chemical
Plumbing
Indian subsidiary of German MNC engaged in manufacturing of plumbing solutions
61
India Regulatory Environment Overview
Advice on type of entity and optimum holding structure
Incorporation of entity
Initial Tax and other Registration
Accounting
Payroll Processing
Payment Processing
MIS Reporting
Tax (Income Tax & GST) calculations, payments and returns
Set Up
Periodic
Annual Financials (YE March)
Annual Financials for Group Consolidation (YE Dec)
Support for Audits under Companies and Tax Laws
Annual Company Law, FEMA and Tax Filings
Transfer Pricing
Incubation Support Services
Annual
Multinationals entering
India are wary of going
wrong on the regulatory
front. We act as SPOC
for companies entering
India and provide
them end-to-end
support in their
initial phase till
they become self-
sufficient.
62
Background Our Approach
With population of more than 1.32 billion over 29 states, India is a huge country with diverse culture. Each state is like a country in itself. The tax and regulatory framework in India is evolving with the advancement of technology and with specific focus of the Government through “Ease of doing business” and “Make in India” initiatives.
In such evolving times, it is all the more important for a multinational group to undertake a proper evaluation about the business requirements vis-à-vis the India Entry Strategy considering the local regulations and requirements.
Foreign companies planning to invest into India may plan to set up a sales office / branch office / R&D unit in one or many India locations, or a small to medium scale assembly line/manufacturing unit. In this process, they generally need handholding support for the initial years till they are ready to expand their operations and employ more people.
KCM's unique Incubation Support Services are aimed at offering standard set of services to such foreign businesses which plan to start on a small scale, with bigger plans for the future.
KCM acts as a Single Point of Contact (SPoC) for foreign companies and advises its clientele on practical issues of setup and provides an overview/understanding of the steps required to establish India operations. The offerings are a mix of practical actionable advice along with quick implementation support. We also assist clients in other matters such as local taxation, payroll, accountancy support, drafting standard agreements, etc.
KCM's Incubation Team is a mix of experts from various areas and is experienced in managing these concerns. Our attempt is to completely handhold our clients during the initial 2 to 3 years of their set up in India till the time they become self-sufficient and become trusted Business advisors to our clients for years to come. Based on the requirements of our clients, we also identify and introduce the entity to reputable third party service providers that will be needed.
63
Incubation Support Services
German MNC engaged in manufacturing of Water Purification systems and products
Consumer Goods
Software
Japanese MNC engaged in the business of software
development and licensing services
Textile
Taiwanese MNC engaged in manufacturing of non-woven fabrics
MNC from Czech Republic engaged in the business of
manufacturing coating materials
Industrial Goods
Infrastructure
Indian companies engaged in developing smart cities
Indian Joint Venture engaged in the business of
City Gas Distribution
Oil & Gas
UK based MNC engaged in manufacturing of
sanitaryware products
Sanitaryware
Plumbing
German MNC engaged in manufacturing of plumbing solutions
Incubation Support Services Key Credentials
64
Global Exposure
Taiwan
Indian subsidiary setting up assembly/manufacturing operations for LCDs / LEDs in India
Electronics
Automotive
Indian subsidiary of Taiwanese MNC engaged
into business of manufacturing tyres with asset size of INR 23 billion
Textile
Indian subsidiary setting up a plant in Sanand, Gujarat for manufacturing non-woven fabrics
Taiwanese Group engaged in the business of
manufacturing medical devices
Medical
IT Components
Indian subsidiary of Taiwanese MNC engaged in connectivity hardware solutions
Taiwanese listed entity manufacturing injection
moulding machines setting India presence
Machinery
Taiwanese Group engaged in the business of
manufacturing contact lenses
Healthcare
Steel
Products
Indian subsidiary of largest steel manufacturer of Taiwan with turnover of INR 8.5 billion
Global Exposure
66
Indian subsidiary of largest stainless steel manufacturer in the world setting up manufacturing plant with proposed investment of INR 60 billion
Metal Products
Auto
Components
Indian subsidiary manufacturing auto
interior and trim systems
Machinery
Indian subsidiary manufacturing transformers with turnover of INR 11.5 billion
Indian subsidiary of setting up plant for manufacturing
power equipment in Sanand, Gujarat
Machinery
Infrastructure
Indian subsidiary of Chinese Association setting up Industrial Park in Gujarat, India
Indian subsidiary of Chinese MNC engaged in manufacturing electrical
products
Electrical
Machinery
Indian subsidiary of large Chinese Government enterprise manufacturing Transformers
ChinaGlobal Exposure
Indian Project Office of Chinese MNC engaged in
manufacturing transformers with turnover
of INR 4.1 billion
Machinery
67
Indian subsidiary manufacturing induction heating furnaces with a turnover of INR Rs. 4.5 billion
Machinery Chemical
Indian subsidiary of US listed Corporation engaged in manufacturing of advanced composite materials
Indian subsidiary of US MNC engaged in manufacturing oil
drilling equipment with turnover close to INR 1.5 billion
Oil & Gas
Electronics
Indian subsidiary of US Corporation engaged in manufacturing IoT based products
Indian subsidiary of the largest privately owned US Corporation
engaged in manufacturing of mass-transfer equipment with
turnover of INR 1.7 billion
Machinery
USAGlobal Exposure
Paper
Indian subsidiary of US MNC engaged in manufacturing of
paper products having turnover of INR 2.1 billion
68
Subsidiaries across Asia Pac region (India, Philippines, Malaysia, Singapore, UAE and Australia) of US Corporation engaged in IT staffing solutions with combined employee strength of more than 4,000
ITeS
BPO & ITeS
Indian subsidiaries acting as captive BPO of US Parents
engaged in businesses of medical transcription / engineering
design services / call centres
BPO
Indian BPO arm of US Corporation with employee strength of more than 1,000
Indian subsidiary of US Corporation engaged in setting
up and managing IT Park
IT Infrastructure
Software
Indian subsidiary of US MNC engaged in software development
Indian subsidiary of US Corporation engaged in tech-based education and training
Education
USAGlobal Exposure
69
Indian Listed subsidiary of German MNC engaged in manufacturing of bearings with turnover of more than INR 20.2 billion
Bearings
Sanitaryware
German MNC engaged in manufacturing of
sanitaryware products
Auto Component
Indian subsidiary of German auto component Group with turnover of more than INR 11.7 billion
Indian subsidiary manufacturing Water
Purification systems and products
Water Purification
Plumbing
Indian subsidiary of German MNC engaged in manufacturing of plumbing solutions with asset size of INR 1.3 billion
Indian subsidiary manufacturing clutches
with turnover of more than INR 8.6 billion
Auto Component
Global Exposure Germany
70
Indian subsidiary of German MNC engaged in engineering services in the Gas & Engineering Sector with Group of over 600 affiliated companies in 100+ countries
Engineering
Renewable
Energy
German MNC engaged in manufacturing of bio-fuel
and renewable energy
Pharmaceutical
Indian JV of German MNC engaged in production of calcium based pharmaceutical products
Indo - German MNC spread across 12 countries,
manufacturing high end medical instruments with consolidated
turnover of INR 6 billion
Medical
Machinery
Indian subsidiary of German MNC engaged in manufacturing of heat exchangers
German MNC providing specialized services in Process
Design, Detail Engineering and HSE Management with presence
in 30 Countries
Engineering
Global Exposure Germany
71
Indian subsidiary of Group headquartered in the UK engaged in software development
Software
Chemical
Indian subsidiary of Austrian MNC manufacturing colour pigments with a turnover of
INR 5 billion
Pharmaceutical
Indian subsidiary of UK MNC engaged in manufacturing of chemicals for pharmaceutical industry
Indian Subsidiary of French MNC engaged in manufacturing
of sanitaryware products
Sanitaryware
Oil & Gas
Russian company engaged in providing turnkey solutions in relation to oil & gas pipelines
Listed Indian subsidiary of Swedish MNC engaged in
manufacturing engineering systems / products
Engineering
Global Exposure Europe
72
Global Exposure Europe
Indian subsidiary of Italian Group engaged in the business of manufacturing ceramic inks and pigments
Chemical
Auto
Components
The Netherlands based group engaged in
manufacturing of auto components
Railways
Indian subsidiary of Italian MNC engaged in interiors of Metro rail
Indian subsidiary of Finnish / Swedish MNC engaged
into manufacturing of non-woven fabrics
Textile
Chemical
Indo - French Joint Venture engaged in producing speciality chemicals with turnover around INR 7.5 billion
Subsidiary of Spanish Group engaged in the
business of manufacturing ceramic inks and pigments
Chemical
Subsidiary of Austrian MNC manufacturing
Conductors with turnover approx. INR 1 billion
Electricals
Engineering
Listed India subsidiary of Swedish Engineering Giant
73
Indian subsidiary of a leading Japanese car-maker with turnover of INR 66.2 billion
Automobile
Chemical
Joint venture entity between Japanese MNC and Austrian
MNC engaged in manufacturing chemical products
Chemical
Indian subsidiary of Japanese chemical manufacturer having its facility at Dahej, Gujarat
Electronics
Listed Indian subsidiary of Japanese MNC with a popular brand in consumer Electronics
Indian subsidiary manufacturing high-speed
flow wrap machines and product handling systems
MachinerySoftware
Indian subsidiary of a Japanese MNC engaged in
developing software and related services
JapanGlobal Exposure
74
Let's Connect
website: www.kcmehta.com
Connect us
Locations
Level 11, Tower B, Ratnaakar Nine
Square, Vastrapur, Ahmedabad,
380 015, Gujarat, India
Phone: + 91 79 4910 2200
Email: [email protected]
AhmedabadArpit Jain
19/4, Between 7th & 8th Cross, Malleswaram, Bengaluru, 560 003, Karnataka India Phone: +91 80 2356 1880
Email: [email protected]
Bengaluru Payal Shah
Meghdhanush, Race Course, Vadodara 390 007, INDIA
Phone: +91 265 2341626 / 2440400
Email: [email protected]
VadodaraMilin Mehta
MumbaiVishal Doshi
Services
Audit & AssuranceVishal Doshi+91 265 [email protected]
Corporate TaxShripad Deshpande+91 265 [email protected]
International Tax & TPArpit Jain+91 79 [email protected]
Management AuditChirag Bakshi+91 265 [email protected]
Goods and Services TaxChirag Bakshi+91 265 [email protected]
Transaction AdvisoryMilin Mehta+91 265 [email protected]
Corporate AdvisoryDarshana Mankad+91 265 [email protected]
Incubation SupportArpit Jain+91 79 [email protected]
508, The Summit Business Bay, Nr. WEH Metro Station, Gundavali, Andheri East, Mumbai, 400069, India Phone: +91 22 2612 5834
Email: [email protected]
