Due Diligence that investors trust
Comprehensive financial, tax, and regulatory due diligence for fundraising, M&A, and restructuring — delivered by senior Chartered Accountants who have supported 30+ transactions.
Three pillars of rigorous review
Every due diligence engagement covers financial, tax, and regulatory dimensions — the three areas investors and acquirers examine most closely.
Financial Due Diligence
A forensic review of historical financials, accounting quality, and revenue sustainability — verifying what the management accounts say against underlying ledgers and bank records.
- 3–5 year financial statement analysis
- Revenue quality & recognition review
- EBITDA normalisation & adjustments
- Working capital analysis & seasonality
- Balance sheet verification
- Off-balance sheet liabilities
- Cash flow validation
- Management accounts vs statutory accounts
Tax Due Diligence
Comprehensive assessment of direct and indirect tax positions, identifying historical non-compliance, pending assessments, and quantified exposure — before your transaction completes.
- Income tax returns & assessments review
- GST compliance & ITC position
- TDS deductions & deposit verification
- Transfer pricing positions (if applicable)
- Tax litigation & contingency mapping
- FEMA & foreign remittance compliance
- Payroll tax & PF/ESI verification
- Tax loss carry-forwards & MAT credits
Regulatory & Compliance DD
Review of legal and regulatory standing across Companies Act, SEBI, RBI, and sector-specific regulators — ensuring there are no compliance time-bombs hidden in the corporate structure.
- MCA filings & ROC compliance status
- Board & shareholder resolutions review
- FEMA/RBI reporting compliance
- Environmental & labour law standing
- Material contract review (key agreements)
- IP ownership & licensing verification
- Related party transactions analysis
- Cap table & shareholding structure
A structured process, no surprises
From initial scoping to final report — a clear five-step process so every stakeholder knows exactly what to expect and when.
Scoping & Kick-off
Agree on scope, timeline, and document checklist. Issue access instructions for the secure data room.
Document Collection
Structured data room population — we provide a granular request list and chase outstanding items proactively.
Deep Review
Senior CA-led analysis of financials, tax position, and regulatory standing — with management Q&A sessions.
Draft Report
Preliminary findings shared — management responses incorporated before finalisation.
Final Report & Debrief
Clean, investor-ready report with risk ratings, quantified exposures, and remediation roadmap.
Built for every transaction type
Whether you are raising capital, acquiring a business, or preparing for an exit — due diligence is the foundation.
Fundraising (Seed to Series B)
Help investors say yes faster. We build the financial narrative, clean historical records, and prepare a data room that stands up to investor scrutiny — supporting 30+ fundraising rounds.
Mergers & Acquisitions
For buyers — independent validation of target financials, tax exposure, and regulatory risk before committing to a transaction. For sellers — vendor due diligence to accelerate deal speed.
IPO & SEBI Compliance
Pre-IPO financial hygiene — restating financials under IndAS, identifying disclosure risks, and preparing DRHP-supporting schedules that meet SEBI's rigorous standards.
Corporate Restructuring
Demergers, subsidiary formations, cross-border restructurings — we assess the financial and tax implications of proposed structures before you commit to an irreversible reorganisation.
Investor-ready deliverables
Every due diligence engagement closes with a complete, professionally documented set of findings — structured for investor, acquirer, or board presentation.
Due Diligence Report
Comprehensive findings report with risk-rated observations, quantified exposures, and management responses — formatted for investor or board presentation.
Risk & Exposure Summary
A concise executive summary of all identified risks with colour-coded severity ratings and quantified financial exposure for each finding.
Remediation Roadmap
Prioritised action plan addressing every material finding — with ownership assignment, timeline, and estimated cost to close each gap.
Normalised Financial Model
Restated historical P&L with EBITDA normalisation adjustments, working capital analysis, and a cleaned balance sheet — ready for investor models.
Management Q&A Log
Full record of all queries raised and management responses — providing a transparent audit trail for investors and advisors.
The difference deal-makers notice
Senior-led, comprehensive, and built for transactions that matter — not a checklist exercise.
Transactions Supported
Seed rounds to Series B, strategic acquisitions, and SEBI-compliant pre-IPO processes — our team has been in the data room for every transaction type.
Senior Qualified Team
Every engagement is led by a senior Chartered Accountant — not delegated to a junior analyst. Your due diligence report reflects experienced professional judgement.
Financial, Tax & Regulatory
Instead of co-ordinating three different firms, CFO Angle delivers integrated financial, tax, and regulatory due diligence from a single qualified team.
Fastest Series A Closure
Our fastest post-due-diligence funding closure was 18 days. Investor-ready documentation and clean financial records eliminate the delays that kill deals.
Data Room Managed
We set up, structure, and manage the secure data room — ensuring document organisation is investor-grade from Day 1, not an afterthought.
Transaction Support
Beyond the report — we attend investor meetings, respond to follow-up queries, and support warranty and indemnity negotiations as needed.
What our clients say about due diligence
We closed our Series A in 18 days of due diligence. The investors commented it was the most organised data room they had seen. CFO Angle built the entire financial package — they are a genuine extension of our team.
The due diligence report CFO Angle produced was the clearest, most professional document our acquirer had seen in a mid-market M&A process. The risk ratings and remediation roadmap built immediate trust on both sides of the table.
As a foreign acquirer unfamiliar with India's tax and FEMA landscape, we needed a partner who could translate regulatory complexity into clear findings. CFO Angle's due diligence gave us complete confidence before signing.
Common questions
What is financial due diligence and when do I need it?
Financial due diligence is a systematic examination of a company's financial records, tax position, and regulatory compliance conducted before a significant transaction — such as raising investment, completing an acquisition, or restructuring. Investors and acquirers conduct due diligence to validate the financial position of a target company before committing capital. Companies preparing for fundraising often engage CFO Angle to conduct vendor due diligence proactively — cleaning their own house before investors arrive.
How long does a due diligence engagement take?
A standard financial and tax due diligence typically takes 3–6 weeks depending on the complexity of the business, quality of existing records, and scope of review. The largest variable is document availability — companies with well-organised records and responsive management teams consistently complete due diligence faster. CFO Angle can work on expedited timelines for time-sensitive fundraising rounds and has completed due diligence in under 3 weeks for well-prepared clients.
What documents are needed to begin due diligence?
At a minimum: audited and unaudited financial statements for the last 3 years, GST returns, TDS filings, corporate tax returns, bank statements, MCA filings, cap table, material contracts, and employee records. We provide a comprehensive document checklist at engagement start, categorised by financial, tax, corporate, and commercial workstreams. We also set up and manage the secure data room so document organisation is investor-grade from Day 1.
Can CFO Angle conduct due diligence for the acquiring party?
Yes. CFO Angle works for both sides of a transaction. For acquirers, we conduct buy-side due diligence — providing an independent view of the target company's financial health, tax exposure, and regulatory standing. For companies seeking investment or preparing for an exit, we conduct vendor due diligence to clean the financial records and prepare investor-ready documentation before the buyers arrive. We do not represent both sides of the same transaction.
What happens if serious issues are found during due diligence?
Finding issues is expected — that is the purpose of due diligence. Every material finding is assigned a risk rating (High / Medium / Low) with a quantified exposure estimate. More importantly, CFO Angle's remediation roadmap tells you exactly how to close each gap. For vendor due diligence clients, identifying and fixing issues before investors arrive is far better than having investors discover them. We remain engaged to support the remediation process after the report is issued.
Do you work with foreign companies conducting due diligence on Indian targets?
Yes — this is one of our most common mandates. Our team includes CPAs (Certified Public Accountants) alongside Chartered Accountants, providing globally-recognised credentials alongside India-specific expertise. We translate India's complex tax and FEMA regulatory environment into clear, actionable findings for international acquirers who are unfamiliar with Indian regulatory nuances. All reports are delivered in English with international accounting terminology.
Ready to begin your due diligence?
Every engagement starts with a complimentary discovery call with a senior CFO Angle Chartered Accountant. We'll scope the work, agree on timeline, and give you an honest view of what to expect — no obligation.