S. Bhandari & Co.

What S. Bhandari & Co. does

S. Bhandari & Co. is an India-based chartered accountancy firm established in 1972, headquartered in Jaipur with additional offices in New Delhi and Mumbai. The firm provides a comprehensive suite of professional services including auditing and assurance, taxation, transaction advisory, management consultancy, valuation, and ESG / Business Responsibility and Sustainability Reporting (BRSR) advisory.

The firm operates a partner-led model with 15 partners, all holding the Fellow Chartered Accountant (FCA) designation, supported by article assistants and a structured training pipeline through which 300+ CAs have passed. It holds ICAI Peer Review certification valid until January 2026, qualifying it to audit listed entities and regulated institutions. In August 2022 the firm converted from a partnership to a Limited Liability Partnership (LLP), and in February 2023 it merged with Chaturvedi M & Co to consolidate practices and expand combined capabilities.

The firm's client base spans listed companies, banks and financial institutions, private sector companies, and SEZ units, primarily in India. Revenue is generated principally through fee-based engagements for audit, tax, advisory, valuation, and ESG reporting services. As an LLP, the firm is privately held and does not disclose financials; there is no equity funding, no technology platform or product, and no disclosed AI capabilities.

Name

S. Bhandari & Co.

Legal name

S Bhandari & Co LLP

Website

https://sbhandari.in

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

1–10 employees

Short description

S. Bhandari & Co. is an India-based chartered accountancy firm founded in 1972, headquartered in Jaipur with offices in New Delhi and Mumbai. It provides audit, tax, valuation, transaction advisory, and ESG reporting services to listed companies, banks, and private sector clients.

Ownership category

akta.pro rank

Product category

Chartered Accountancy Services

NAICS

Management Consulting Services (54161)

SIC

Services-Management Services (8741)

akta.pro primary industry

Transaction Services (Financial, Tax & Commercial Due Diligence) (BPAHAOAB)

akta.pro secondary industries

M&A Advisory (Buy-side/Sell-side) (BPAHADAC), Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG)

Keywords

• Chartered accountancy services
• Audit and assurance
• Tax advisory services
• Transaction advisory
• Valuation consultancy

Headquarters

HQ city

Jaipur

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Audit and Assurance Services: The firm generates revenue through statutory audits, internal audits, concurrent audits, special purpose audits, IFC audits, and other attestation services for listed and non-listed companies, banks, and corporations.
2. Tax Advisory and Consultancy: Revenue from direct taxation, indirect taxation (including GST), international tax advisory, FEMA consultancy, and transaction support services.
3. Transaction Advisory and Consultancy: Corporate finance, debt raising, restructuring and refinancing, valuation consultancy, mergers and acquisitions, and ESG reporting/assurance services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

S. Bhandari & Co. LLP is a Chartered Accountancy firm that provides statutory audit, internal audit, tax advisory, transaction advisory, valuation consultancy, forensic audit and due diligence, ESG reporting and assurance, IFRS advisory, and risk management advisory services. It serves listed corporates, banks, NBFCs, and large private-sector clients across India via a partner-led delivery model.

Product overview

S. Bhandari & Co. LLP is a Chartered Accountancy firm established in 1972 (converted to LLP in August 2022) offering a comprehensive portfolio of professional services. The firm operates as a single unified service offering organized into five main categories: Auditing/Assurance (including Statutory Audit, Internal/Concurrent Audit, Process Audit, IFC Audit, Special Purpose Audit, Pool Loan Portfolio Assurance, Restatement of Financial Statements, IS Audit, Investigation, Compliance Audit, and Due Diligence); Transaction Advisory (Tax Advisory/FEMA/FDI, Corporate Finance, Debt Raising/Restructuring/Refinancing, Indirect Taxation, International Tax, and Transaction Support Services); Consultancy Services (Management Consultancy, Business Strategy & Planning, Process Improvement, Project Management System Implementation, IND AS Transition, ICDS Consultancy, XBRL, SEZ Services, SOP Formulation, ECB, Corporate Restructuring, and Mergers & Acquisitions); Valuation Consultancy (Business Combination PPA, Business Valuation, IBC Valuation, FEMA Valuation, Financial Instruments Valuation, and Impairment Testing); and ESG Reporting/Assurance (BRSR Comprehensive Assurance, ESG Due Diligence, ISSB Standards Integration, and GRI Linkage Consultancy). The firm serves diverse industries including Banking, NBFCs, Insurance, Manufacturing, Real Estate, Healthcare, Government, and Export sectors, with offices in Jaipur (head office), New Delhi, and Mumbai.

Differentiator

Problem solved

Functional benefit

Products and services

• Statutory Audit Statutory audit of financial statements for listed corporates, banks, NBFCs, and large private-sector companies, delivered under a partner-led model with risk-based audit methodology.
• Internal Audit Internal audit and operational review services for corporates and financial institutions, including risk-based audit and IS audit components.
• Bank Audit and Concurrent Audit Statutory bank audit, branch audit, and concurrent audit services delivered to banks under the firm's empanelment with major banks and regulators.
• Tax Advisory Direct and indirect tax advisory, tax planning, and tax compliance support for corporate clients.
• Transaction Advisory End-to-end transaction advisory covering mergers, acquisitions, fundraising, and cross-border transaction structuring for corporates.
• Cross-Border Transaction Advisory Advisory on cross-border transactions including structuring, taxation, and regulatory considerations for inbound and outbound deals.
• Valuation Consultancy Business, share, and intangible valuation services for M&A, fundraising, statutory, and impairment purposes.
• Forensic Audit and Investigation Forensic audit, fraud investigation, and litigation support for corporates facing suspected misconduct or disputes.
• Due Diligence Financial, tax, and operational due diligence for buyers, sellers, and investors in M&A and investment transactions.
• ESG Reporting and Assurance ESG reporting framework implementation, BRSR and related disclosures, and assurance over ESG and sustainability reporting for listed and large corporates.
• IFRS Advisory Advisory on Ind AS and IFRS conversions, transition support, and technical accounting for corporates, including cross-border parents and subsidiaries.
• Risk Management Advisory Enterprise risk management framework design, risk assessment, and governance advisory for corporates and financial institutions.
• XBRL Filing Services XBRL-based financial and tax return filing support for corporates required to file with MCA, income tax, and other regulators.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• MGB & Co. LLP: Indian chartered accountancy firm offering audit, tax, advisory, and risk consulting services. Comparable in scale and service portfolio to S. Bhandari & Co., serving listed companies and corporates across India.
• ASA & Associates LLP: Established Indian chartered accountancy firm providing audit, taxation, transaction advisory, and consulting services. Direct competitor to S. Bhandari & Co. in mid-market Indian audit and advisory work with a similar multi-office, partner-led structure.
• Shah & Taparia: Indian chartered accountancy firm providing audit, taxation, and corporate advisory services. Comparable to S. Bhandari & Co. in scale and service offerings within the mid-market Indian CA segment.
• Singhi & Co. Mid-sized Indian chartered accountancy firm offering audit, tax, advisory, and corporate finance services across India. Comparable to S. Bhandari & Co. in service breadth, partner-led delivery model, and target client base of listed companies, banks, and mid-market corporates.
• Lodha & Co. One of the larger Indian chartered accountancy firms offering audit, tax, and advisory services to listed companies, banks, and large corporates. Slightly larger than S. Bhandari & Co. but operating in the same market with overlapping services.
• Bansal & Co. LLP: Mid-sized Indian chartered accountancy firm offering audit, taxation, and corporate advisory services. Comparable peer to S. Bhandari & Co. in partner-led delivery, service scope, and target client base of mid-market Indian corporates.
• Sutaria & Co. Indian chartered accountancy firm offering audit, taxation, corporate finance, and advisory services. Comparable peer to S. Bhandari & Co. in partner-led delivery model and service breadth in the mid-market Indian CA segment.

Broad incumbents

• Deloitte Haskins & Sells (India): Big 4 member firm in India providing audit, tax, consulting, and financial advisory services. Competes with S. Bhandari & Co. for listed-company and bank audit mandates, with materially greater scale, brand, and resource depth.
• BDO India LLP: Indian member firm of the global BDO network, offering audit, tax, and advisory services across all major sectors. Larger and broader than S. Bhandari & Co., competing for many of the same audit and transaction advisory mandates in the Indian mid-market.

Emerging players

• KNAV International Limited: Mid-sized international CPA/advisory firm with India presence, offering audit, tax, and advisory services. Comparable to S. Bhandari & Co. in mid-market positioning, with an international network that provides cross-border capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

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 S. Bhandari & Co.