Maheshwari & Associates

What Maheshwari & Associates does

Maheshwari & Associates is an Indian chartered accountancy partnership firm headquartered in Kolkata, founded in 1976 by Mr. Vijay Maheshwari. The firm delivers a broad portfolio of professional services including statutory and internal audit, tax and regulatory advisory (GST, income tax, indirect tax), risk management and cybersecurity assurance, forensic audit, corporate finance advisory (M&A, capital raising, project finance), business valuation, process re-engineering, outsourced managerial services for startups and SMEs, monitoring and surveillance, and emerging ESG and cyber assurance practices. It also maintains a public-facing Knowledge Bank offering free GST/tax calculators, forms libraries, and regulatory bulletins across multiple Indian states, functioning as a content-marketing and lead-generation channel. The firm is registered with the Institute of Chartered Accountants of India (Firm Registration No. 311008E) and operates under a partner-led governance model with approximately 15 partners and around 50 professionals including chartered accountants, insolvency professionals, veteran bankers, management graduates, and cost accountants. Service delivery is relationship-based and face-to-face through six offices across India — Kolkata (head office), Pune, Bengaluru, Mumbai, Chennai, and New Delhi (Noida) — targeting corporate entities requiring statutory compliance as well as startups and SMEs seeking outsourced financial management at affordable cost. The firm introduced digital audit and cloud accounting systems in 2015, and is currently marking its Golden Jubilee in 2025, signifying 50 years of continuous practice.

Name

Maheshwari & Associates

Legal name

Maheshwari & Associates

Website

https://maheshwariassociates.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Maheshwari & Associates is a Kolkata-headquartered Indian chartered accountancy partnership firm, founded in 1976, delivering audit, tax, risk, forensic, valuation, ESG, and cyber assurance services to corporate clients and SMEs through six offices across India.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Professional Services: Revenue generated from providing audit, tax, advisory, forensic, valuation, risk management, ESG, cyber assurance, and financial advisory services to corporate clients on a fee-for-service basis

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Maheshwari & Associates is a chartered accountancy partnership firm that provides audit, assurance, tax and regulatory advisory, risk advisory, forensic investigation, corporate finance advisory, valuation, process reengineering, outsourced managerial services, monitoring and surveillance, cyber assurance, and ESG services to corporate clients, startups, and SMEs across India.

Product overview

Maheshwari & Associates is a chartered accounting firm offering professional services through a portfolio of interconnected practice areas. The core service offering consists of Audit & Assurance, Tax & Regulatory, Risk & Advisory, Forensic & Compliance, Corporate Financial Advisory, Process Review & Reengineering, Valuation, Outsourced Managerial Services, Monitoring & Surveillance, Cyber Assurance, and ESG services. These services are complemented by digital tools including an HSN Rate List Calculator, Tax Deduction Comparison Tool, a comprehensive GST Forms Library, and a suite of Financial Calculators (GST, income tax, EMI, home loan, HRA, RERA). The practice areas are designed to work together, with advisory services building on audit findings and risk assessments informing compliance programs. The firm operates across India with branch offices in Kolkata (head office), Pune, Bengaluru, Mumbai, Chennai, and New Delhi.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit & Assurance Statutory, internal, and financial audit services including compliance with laws and regulations, controls evaluation, and regulatory change monitoring, targeted at corporate entities requiring audit assurance.
• Tax & Regulatory Advisory on direct and indirect taxes including GST, income tax, and regulatory compliance obligations for businesses across India.
• Risk & Advisory Risk management consulting covering risk assurance, risk transformation, and cybersecurity services to protect client businesses.
• Forensic & Compliance Forensic audit services examining white-collar crimes including manipulative transactions, fund diversions, and improper financial disclosures.
• Corporate Financial Advisory M&A advisory and financial consulting including mergers, acquisitions, capital raising, project finance, and business strategy reviews for corporate clients.
• Process Review & Reengineering Solution Business process analysis and reengineering to improve product output, quality, and reduce costs through workflow optimization for client organizations.
• Valuation Professional valuation opinions for financial transactions, compliance, tax planning, litigation, and corporate strategic planning.
• Outsourced Managerial Services Part-time financial controller and managerial services for startups and SMEs including periodical reporting, financial modeling, and capital planning.
• Monitoring & Surveillance Compliance audit, due diligence, and KYC services providing detective and preventive monitoring for regulatory adherence.
• Cyber Assurance IT audit, compliance attestation (DPDPA, SOC 2), virtual CISO leadership, and strategic cyber assurance including third-party risk assessment.
• ESG Services Environmental, social, and governance services including ESG reporting, benchmarking, BRSR development, GHG inventory, and ESG training.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Institute of Chartered Accountants of India (ICAI)coreOthersProfessional institution providing regulatory oversight, CPE hours tracking, membership verification, and firm constitution certificates for chartered accountants in India.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Lodha & Co. Lodha & Co. is a long-established Indian chartered accountancy firm headquartered in Kolkata with audit, tax, and advisory practices. Highly comparable to Maheshwari & Associates in heritage, partnership structure, and Indian mid-market focus; both share Kolkata origins.
• Grant Thornton India: Grant Thornton India is a mid-tier advisory firm offering audit, tax, transaction advisory, and risk services to mid-market Indian companies. Comparable in multi-disciplinary practice and target customer segment (established mid-market and SMEs), with global GT network affiliation.
• Singhi & Co. Singhi & Co. is a long-established Indian chartered accountancy firm with audit, tax, and advisory practices serving corporate clients across India. Highly comparable heritage, partnership structure, and Indian mid-market focus to Maheshwari & Associates.
• Mazars India: Mazars India is the Indian member firm of the Mazars international accounting network, providing audit, tax, and advisory services to mid-market and large corporates. Comparable mid-tier positioning and service breadth to Maheshwari & Associates, with international network access.
• BDO India: BDO India is a mid-sized member firm of the BDO global network offering audit, tax, advisory, and outsourcing services to corporates and SMEs across India. Closely comparable to Maheshwari & Associates in service mix and mid-market positioning, but with international network reach that the subject firm lacks.
• RSM India: RSM India is part of the RSM international network providing audit, tax, and consulting to mid-market businesses in India. Similar multi-disciplinary service portfolio and mid-market positioning, with global network access.

Broad incumbents

• EY India: EY India (Ernst & Young) is a Big 4 firm providing audit, tax, transaction advisory, and consulting to Indian corporates and multinationals. Direct overlap with Maheshwari & Associates in audit and tax practice areas, but at much larger scale and with global network.
• Deloitte India: Deloitte India is a Big 4 member firm delivering audit, consulting, tax, and advisory across the full Indian corporate spectrum. Operates broadly in the same audit, tax, and risk advisory categories as the subject firm but at materially larger scale and with international footprint.
• KPMG India: KPMG India is a Big 4 firm providing audit, tax, and advisory services to Indian corporates, multinational subsidiaries, and large SMEs. Competes for the same audit, tax, and risk mandates as Maheshwari & Associates, particularly at the listed-company and large-enterprise end of the market.
• PwC India: PwC India is a Big 4 firm providing audit, tax, and advisory services with deep penetration across Indian listed corporates and multinational subsidiaries. Direct overlap with subject firm's audit and tax practice, materially larger scale and global network.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/maheshwari-and-associates

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maheshwari & Associates