Hemant Shah And Associates

What Hemant Shah And Associates does

Hemant Shah And Associates is an Indian chartered accountancy partnership (operating as Hemant Shah & Associates LLP) founded in 1987 and headquartered in Pune, Maharashtra. The firm provides statutory and internal audit, direct and indirect tax advisory (income tax, GST, transfer pricing), business setup services (company and LLP formation, MSME registration, shop and FSSAI licenses), export incentive scheme assistance (MEIS/SEIS), and public sector financial advisory. It serves a diversified client base of startups, salaried individuals, exporters, banks (nationalized, private sector and cooperative), and government organizations across India.

The firm operates through a distributed branch model with nine offices across Maharashtra (four Pune locations plus Mumbai), Gujarat (two Ahmedabad branches), Madhya Pradesh (Bhopal) and Chandigarh, staffed by 100+ professionals including chartered accountant partners at each location. Underlying technology is conventional — financial accounting, taxation, and compliance management software — with no proprietary platform, AI tooling, or API integrations disclosed. The firm markets itself through its own website (hemantshahca.com) with SEO-optimized landing pages and blog content targeting Pune-area queries, alongside client testimonials and Google reviews.

Revenue generation is purely fee-based professional services across five streams: Audit and Assurance, Tax Consulting and Filing, Business Setup, Export Incentive Services, and Public Sector Services. Pricing is quote-based and tailored per engagement, with multi-year contracts common for recurring audit and compliance mandates. The firm claims 10,000+ cumulative trusted clients and 50+ industry awards and has stated positioning as 'Best CA in Pune.' It operates as a founder-led partnership with no disclosed external investors, venture capital, or private equity backing.

Name

Hemant Shah And Associates

Legal name

Hemant Shah & Associates LLP

Website

https://hemantshahca.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Hemant Shah And Associates is an Indian chartered accountancy partnership founded in 1987, headquartered in Pune and operating 9 branches across India, providing audit, taxation, GST, business setup, export incentive and public sector advisory services to startups, banks, exporters, government clients and individuals.

Ownership category

akta.pro rank

Product category

Chartered Accountancy Services

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Offices of Certified Public Accountants (541211)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Business Owner & Executive Financial Planning (FSAEAAAO)

akta.pro secondary industry

Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI)

Keywords

• Chartered accountancy services
• Tax consulting
• Audit and assurance
• Business registration
• Compliance advisory

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Professional Services - Audit and Assurance: Statutory audits, internal audits, and bank audits for various clients including nationalized banks, private sector banks, cooperative banks, and companies. These are recurring compliance services.
2. Tax Consulting and Filing: Income tax consulting, GST registration and filing, transfer pricing services. Direct and indirect tax advisory for individuals and businesses.
3. Business Setup Services: Company formation, LLP registration, MSME registration, Shop Act license, Food License (FSSAI) registration. One-time setup fees plus ongoing compliance fees.
4. Export Incentive Services: MEIS and SEIS scheme assistance for exporters, helping clients claim duty credit scrips. Professional fees for export documentation and compliance.
5. Public Sector Services: Financial services for government organizations and public sector banks including audits and assessments.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Hemant Shah And Associates delivers chartered accountancy and financial advisory services including statutory and internal audits, direct and indirect tax consulting (income tax, GST, transfer pricing), business registration (company formation, LLP, MSME, Shop Act, FSSAI), and export incentive scheme assistance (MEIS, SEIS). The firm operates a partnership/LLP model across nine branches in India serving startups, banks, government entities, and individuals.

Product overview

Hemant Shah And Associates is a Chartered Accountancy firm offering a comprehensive suite of financial and accounting services. The firm operates as a service-based consultancy rather than a software product company, providing audit services (statutory, internal, concurrent, risk-based), taxation services (income tax, GST, transfer pricing), and business setup services (company formation, LLP registration, MSME registration, shop/food license). Their portfolio includes specialized export incentive schemes (MEIS, SEIS) and public sector advisory. The services are delivered through their team of chartered accountants across multiple Indian branches.

Differentiator

Problem solved

Functional benefit

Products and services

• Statutory Audit Statutory audit services for businesses including banks, companies, and small businesses, covering preparation of financial statements and compliance assistance.
• Internal Audit Internal audit services focusing on areas for improvement and strengthening governance mechanisms, including concurrent audits and risk-based transaction audits.
• Income Tax Consultant Income tax return filing, tax planning, corporate taxation, wealth tax, tax due diligence, and representation before revenue authorities.
• Transfer Pricing Transfer pricing study, comparable analysis, tax avoidance assessment related to international transactions, and handling objections before DRP.
• GST Registration GST registration services, compliance assistance, return filing, and export-related services under GST law.
• Company Formations Company registration services including Private Limited Company, One Person Company, Public Limited Company, and LLP formation.
• LLP Registration Limited Liability Partnership registration services including DPIN acquisition and final filing procedures.
• Shop Act License Shop and Establishment Act license registration services for businesses in Pune and Maharashtra.
• Food License Registration FSSAI food license registration services including Form A and Form B filing, documentation, and compliance guidance.
• MSME Registration MSME registration under MSMED Act to avail government schemes, credit facilities, and tax rebates.
• Public Sector Services Financial services for public sector including audits, assessments, and advisory for government projects and public-private partnerships.
• Merchandise Export Incentive (MEIS) Merchandise Export Incentive Scheme services for duty credit scrips, export compliance, and DGFT documentation.
• Service Export Incentive (SEIS) Service Export from India Scheme for duty credit scrips to encourage export of notified services from India.

Quantifiable outcome

• 10,000+ trusted clients served
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Grant Thornton India: Grant Thornton India is a global mid-tier advisory firm offering audit, tax, and transaction advisory. Comparable service portfolio and target segments (mid-market, family businesses, growing enterprises) make it a direct peer in the same tier of the Indian professional services market.
• Choksi & Choksi LLP: Choksi & Choksi is a mid-sized Indian chartered accountancy firm with offices in multiple cities. Comparable service portfolio (audit, tax, business setup, advisory) and similar multi-city Indian CA firm structure.
• BDO India: BDO India is a global mid-tier accounting and advisory network with full-service audit, tax, and advisory offerings in India. Directly comparable to Hemant Shah & Associates in service mix (audit, tax, business advisory) and in serving mid-market and SME clients, though at significantly larger scale.
• KNAV & Co. KNAV is a mid-tier international accounting and advisory firm with a strong India practice offering audit, tax, and advisory services. Comparable as a similarly sized full-service Indian-origin firm serving mid-market clients.
• N.A. Shah Associates LLP: N.A. Shah Associates is a Mumbai-headquartered Indian chartered accountancy firm offering audit, tax, and advisory services. Comparable in scale, service mix, and target client base (mid-market corporates, banks, and growing businesses in India).
• SS Kothari Mehta & Co. SS Kothari Mehta & Co. is a long-established Indian chartered accountancy firm offering audit, tax, and corporate advisory services. Comparable as a similarly structured, multi-office Indian CA firm serving a mix of corporate and SME clients.
• RSM India: RSM India is the Indian member of RSM International, providing audit, tax, and consulting to mid-market companies. Closely comparable in firm size, mid-market focus, and multi-service offering to Hemant Shah & Associates.
• DRChoksi & Co. DRChoksi & Co. is a well-established Indian CA firm providing audit, tax, and consulting. Comparable in being a multi-partner, multi-service Indian CA practice with a similar mix of statutory audit, direct/indirect tax, and advisory work.

Broad incumbents

• Deloitte India: Deloitte India is the local member firm of one of the Big 4, providing audit, tax, consulting, and advisory across India. Sets the pricing and capability benchmark in the broader Indian audit/tax market and competes for the larger mandates that Hemant Shah & Associates' bank clients may tender.

Emerging players

• ClearTax: ClearTax is an India-headquartered online tax-filing and compliance platform that digitizes ITR, GST, and business registration workflows. Represents the technology-led, self-serve alternative that competes for the same SMB and startup clients at the entry-level compliance tier.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/shah_branch

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Hemant Shah And Associates