Bhanushali & Bhanushali

What Bhanushali & Bhanushali does

Bhanushali & Bhanushali is a privately held Chartered Accountants firm headquartered in Navi Mumbai with a branch office in Ghatkopar (East), Mumbai. Founded in 2021 and operating with 11-50 employees, the firm provides a unified suite of financial, tax, compliance, and advisory services to business clients ranging from startups to multinationals. Service lines include Direct Tax, Indirect Taxes (GST), International Tax, Audit & Assurance (statutory, tax, GST, internal, management, due diligence, and information system audits), Risk Advisory (fraud, AML, anti-bribery, cybersecurity investigations, crisis management), Corporate & Regulatory Laws (entity formation, NBFC and AIF advisory), Business Setup in India, and statutory Registrations. The firm is led by CA Bhavik Bhanushali (Founder & CEO) and CA Hetal Bhanushali (Co-Founder & COO) as a partnership with no disclosed institutional investment.

The firm's revenue is generated through professional services engagements, billed as either project-based fees or recurring retainers for ongoing compliance and advisory work. Go-to-market is sales-led and relationship-driven, relying on a professional website (cabhanushali.in), direct outreach, and likely referrals within the Mumbai-metro and Western India market. No proprietary technology platform or AI/ML capabilities are disclosed; service delivery depends on professional staff using standard accounting, tax, and audit software and methodologies. Marketing is limited to website visibility, blog content, and search-engine presence, with no paid acquisition, channel partnerships, or app-based distribution in evidence. No awards, patents, partnerships, M&A activity, or funding rounds are recorded.

Name

Bhanushali & Bhanushali

Legal name

Bhanushali & Bhanushali Chartered Accountants

Website

https://cabhanushali.in

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Bhanushali & Bhanushali is a Mumbai-based Chartered Accountants firm offering tax, audit, risk advisory, and corporate compliance services to business clients from startups to multinationals in Western India.

Ownership category

akta.pro rank

Product category

Chartered Accountancy & Tax Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Other Accounting Services (541219), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)

akta.pro primary industry

Indirect Tax (VAT/GST/Sales & Use) Services (BPAHABAJ)

akta.pro secondary industries

Transaction Tax Structuring & Deal Advisory (BPAHAOAJ), Tax Compliance, Filing & VAT/GST Automation (SME) (FSAGAJAJ), Tax Services (Withholding, Reclaims, FATCA/CRS) (FSAAAOAM), Tax Policy, Legislation & Rulings (BPAIADAA)

Keywords

• Chartered accountancy services
• Tax compliance advisory
• Audit and assurance
• Risk advisory services
• Corporate regulatory compliance

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Services Revenue: The firm generates revenue through delivery of professional accounting, tax, compliance, and advisory services to business clients. Revenue appears to be project-based or recurring retainer engagements for ongoing compliance and advisory needs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Bhanushali & Bhanushali is a Chartered Accountants firm offering professional services across direct tax, indirect tax (GST), international tax, audit and assurance, risk advisory, corporate and regulatory laws, business setup in India, and statutory registrations. The firm delivers tailored financial, tax, and advisory solutions to businesses ranging from startups to multinational corporations.

Product overview

Bhanushali & Bhanushali is a Chartered Accountants firm offering a unified suite of financial, tax, and advisory services. The core portfolio includes Direct Tax, Indirect Taxes (GST), International Tax, Audit & Assurance, Risk Advisory, Corporate & Regulatory Laws, Business Setup, and Registrations services. The Audit & Assurance service encompasses multiple sub-modules including Statutory Audit, Tax Audit, GST Audit, Internal Audit, Management Audit, Due Diligence Audit, and Information System Audit services. These services collectively address the compliance, advisory, and operational needs of businesses ranging from startups to large corporations.

Differentiator

Problem solved

Functional benefit

Products and services

• Direct Tax Services Tax advisory and compliance services for direct taxes including income tax, ensuring businesses meet statutory obligations.
• Indirect Taxes / GST Services Comprehensive GST registration, return filing, audits, advisory, and representation services for Goods and Services Tax compliance.
• International Tax Services Advisory services for cross-border tax matters, transfer pricing, and global tax compliance for multinational operations.
• Audit & Assurance Services Range of audit services including statutory audits, tax audits, GST audits, internal audits, management audits, due diligence audits, and information system audits.
• Risk Advisory Services Risk management solutions including fraud risk prevention, anti-money laundering advisory, anti-bribery and corruption strategy, cybersecurity investigations, and crisis management services.
• Corporate & Regulatory Laws Services Secretarial and management advisory covering entity formation (LLPs, Private Limited, Public Limited, Section 8 Companies), regulatory compliance, CSR strategy, RBI compliance for NBFCs, and AIF advisory.
• Business Setup in India End-to-end assistance for establishing business entities in India, including licensing and regulatory approvals.
• Registrations Services Assistance with various business and statutory registrations required for operating in India.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves5 records

Expansion highlights4 records

Emerging players

• ClearTax (Defmacro Software): India's leading tax-tech platform offering GST filing, ITR filing, and tax compliance automation for individuals and businesses. Represents the technology-led disruption risk to traditional CA firms like Bhanushali & Bhanushali, automating the compliance work that forms their volume base.

Broad incumbents

• BDO India: Member of BDO International, BDO India provides audit, tax, advisory, and business services to mid-market and large clients in India. Closest mid-market peer to Bhanushali & Bhanushali in terms of service breadth and client segment.
• KPMG India: Big-4 firm operating in India offering audit, tax, risk advisory, and corporate services. KPMG India directly competes in every service category where Bhanushali & Bhanushali operates, but at a substantially larger scale with national presence.
• PwC India: Big-4 firm providing audit & assurance, tax (direct, indirect, international), risk, and regulatory advisory in India — directly comparable service portfolio to Bhanushali & Bhanushali but serving predominantly enterprise and multinational clients.
• EY India (Ernst & Young): Big-4 firm in India providing audit, tax (direct, GST, international), risk advisory, and transaction advisory services — overlapping service lines with Bhanushali & Bhanushali at a significantly larger scale and broader geographic reach.
• Deloitte India: Indian member firm of Deloitte Touche Tohmatsu, offering the full stack of audit, tax (direct, indirect, international, transfer pricing), risk advisory, and corporate advisory — directly overlapping with Bhanushali & Bhanushali's service portfolio but serving primarily large enterprise and multinational clients.
• Grant Thornton Bharat: Indian member of Grant Thornton International, offering audit, tax, advisory, and risk services with strong mid-market and growing-company focus — comparable client segment to Bhanushali & Bhanushali's startup-to-multinational range.

Direct peers

• N.A. Shah Associates: Established mid-tier Chartered Accountants firm based in Mumbai offering audit, tax, corporate advisory, and risk services. Comparable to Bhanushali & Bhanushali in service breadth, Mumbai base, and SME-to-mid-market client focus, but with a longer operating history.
• Sharp & Tannan Associates: Mid-sized Indian Chartered Accountants firm offering audit, tax, corporate advisory, and risk management services with a Mumbai base and focus on SMEs and growing companies — directly comparable in scale and service mix to Bhanushali & Bhanushali.
• RSM India (RSM Astute Consulting): Mid-tier Indian CA and consulting firm offering audit, tax (direct, indirect, international), risk advisory, and corporate services to SMEs and mid-market clients — most comparable peer to Bhanushali & Bhanushali in terms of size, service mix, and client segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 Bhanushali & Bhanushali