Mahesh C Solanki & Co

What Mahesh C Solanki & Co does

Mahesh C. Solanki & Co. is a privately held Chartered Accountancy partnership firm headquartered in Indore, Madhya Pradesh, India, founded in 1989. The firm operates from seven offices across India — Indore (headquarters), Bhopal, Mumbai, Chittorgarh, Surat, Chennai, and Gurugram — and is staffed by 16 partners and a professional team of approximately 178-217 personnel, including qualified Chartered Accountants, Company Secretaries, an ex-banker, semi-qualified staff, and articles. It is registered with the Institute of Chartered Accountants of India (ICAI), holds an active Peer Review Certificate, and is empaneled with the Reserve Bank of India, the Comptroller and Auditor General, multiple stock exchanges, and various banks and government departments.

The firm delivers professional services across five core practice areas: Audit Services (statutory, internal, concurrent bank, and information system audits); Taxation Services (income tax advisory, GST consultancy, assessments, and appeals); Corporate Finance Advisory (project finance, working capital finance, debt and equity syndication, M&A advisory, and SEZ implementation); Company Law and Compliance (formation, merger and amalgamation, SEBI and ROC compliance, and regulatory documentation); and Industry Implementation Services (land acquisition, government subsidy compliance, environmental clearances, utility arrangements, and regulatory approvals for setting up manufacturing units). The firm has cumulatively handled 250+ debt and equity project assignments, 30-36 public issues under SEBI regulations, and 100+ debt syndication transactions across diverse industries including manufacturing, banking, insurance, real estate, pharmaceuticals, FMCG, agriculture, and engineering.

Commercially, the firm operates a partner-led, quote-based professional services model targeting mid-to-large corporate clients, banks, insurance companies, listed entities, and government organizations. Revenue is not publicly disclosed; the firm has no external investors, no parent company, and no technology platform or proprietary product. Growth has been entirely organic, driven by geographic expansion (most recently into Chennai in 2014 and Gurugram) and the addition of younger partners qualified in 2013-2017 to broaden M&A, private equity, forensic accounting, and information system audit capabilities. The firm maintains a professional website with limited digital marketing activity and relies primarily on direct partner engagement and professional referrals for business development.

Name

Mahesh C Solanki & Co

Legal name

Mahesh C. Solanki & Co. Chartered Accountants

Website

https://mcsca.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Mahesh C. Solanki & Co. is an Indian Chartered Accountancy partnership firm founded in 1989, headquartered in Indore, delivering audit, taxation, corporate finance advisory, and regulatory compliance services to corporates, banks, and government entities across seven Indian offices.

Ownership category

akta.pro rank

Product category

Chartered Accountancy and Corporate Advisory Services

NAICS

Offices of Certified Public Accountants (541211)

SIC

Loan Brokers (6163), Finance Services (6199)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI), Strategic Partnerships, Alliances & JVs Advisory (BPAHADAI)

Keywords

• Chartered accountancy services
• Statutory audit services
• Corporate finance advisory
• Taxation compliance services
• Company law advisory

Headquarters

HQ city

Indore

HQ country

India

HQ region

Asia

Offices7 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 Services: Statutory audits, internal audits, concurrent bank audits, and information system audits for corporations, banks, insurance companies, and government entities.
2. Taxation Services: Income tax advisory, GST consultancy, tax assessment and appeals representation, and compliance services.
3. Corporate Finance Advisory: Project finance, working capital finance, debt syndication, equity syndication, merger and acquisition advisory, and SEZ implementation services.
4. Company Law & Compliance: Company formation, merger and amalgamation, SEBI compliance, ROC compliance, and regulatory documentation services.
5. Industry Implementation Services: Land acquisition, government subsidy compliance, environmental clearances, utility arrangements, and regulatory approvals for setting up manufacturing units.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Mahesh C. Solanki & Co. is a Chartered Accountancy and Corporate Advisory Services firm providing audit, taxation, corporate and project finance advisory, working capital finance, industry implementation, SEZ advisory, company law, and accounts services. The firm serves corporate clients, banks, insurance companies, listed companies, and government entities across India through partner-led engagements.

Product overview

Mahesh C. Solanki & Co. is a Chartered Accountancy and Corporate Advisory Services firm providing professional services rather than a software product. The firm offers a comprehensive suite of services organized as distinct practice areas including Corporate & Project Finance Advisory Services (preparation of techno-economic feasibility reports, project appraisal, arrangement of finance), Working Capital Finance Advisory Services, Industry Implementation Services (land acquisition, government subsidy compliance, regulatory approvals), SEZ Advisory Services, Audit Services (statutory and internal audits for various entities), Company Law Services (formation, mergers, SEBI compliance), Taxation Services (income tax, GST), and Accounts Services. These services collectively form the firm's professional offerings, with no software products or technology platforms identified.

Differentiator

Problem solved

Functional benefit

Products and services

• Corporate & Project Finance Advisory Services Preparation of techno-economic feasibility reports, appraisal of projects, arrangement and syndication of finance, and liaison with nationalized banks, private banks, and financial institutions. Targeted at corporate and project finance clients.
• Working Capital Finance Advisory Services Working capital finance proposal preparation for clients with nationalized banks, private banks, and financial institutions. Targeted at corporate clients needing working capital financing.
• Industry Implementation Services End-to-end industry implementation including acquisition of land, government subsidy compliance, building plan approvals, pollution clearance, utility arrangements, and regulatory registrations for setting up manufacturing units. Targeted at companies establishing new industrial operations.
• SEZ Advisory Services Establishment of units in Special Economic Zones, preparation of detailed SEZ permission proposals, and ongoing documentation and compliance under the SEZ Act. Targeted at companies planning SEZ-based operations.
• Audit Services Statutory and internal audit services for listed companies, limited companies, private limited companies, clubs, sports associations, and charitable trusts. Targeted at corporate entities requiring statutory and internal audit.
• Company Law Services Company formation, merger and amalgamation, listed company compliance, liaison with SEBI, stock exchanges and ROC, and legal deeds and documentation services. Targeted at companies requiring corporate law and regulatory compliance support.
• Taxation Services Income tax assessments, appeals, regular income tax matters, GST consultancy, GST e-return filing, and GST audit services. Targeted at corporate and business taxpayers needing tax compliance and advisory.
• Accounts Services Maintenance of statutory records under various laws, finalization of accounts, preparation of MIS reports, and compliance with accounting standards and ICAI guidance notes. Targeted at companies requiring accounting support.

Quantifiable outcome

• 250+ Debt and Equity Projects Handled
• +5 more outcomes

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• BDO India (BDO SRKV & Co.): Indian member of BDO Global providing audit, tax, and advisory services to mid-market and listed Indian companies. Comparable to MCS in its mid-market focus, multi-office footprint, and breadth of corporate finance and audit offerings.
• RSM Astute Consulting Group (India): India member of RSM International — a mid-tier audit, tax, and consulting firm serving SMEs and mid-market companies across India. Directly comparable to MCS in client segment, service breadth, and partner-led delivery model.
• CNK & Associates LLP: Indian CA firm with strong audit, tax, and corporate finance practice serving mid-to-large corporates across India. Comparable to MCS in service offering, client profile, and multi-city delivery model.
• Singhi & Co. Mid-sized Indian chartered accountancy firm with pan-India presence providing audit, tax, and corporate advisory. Comparable to MCS in size, service mix, and focus on Indian mid-market and listed-company clients.
• Lodha & Co. One of India's oldest and largest indigenous chartered accountancy firms offering audit, tax, and corporate advisory. Comparable to MCS as a domestically grown, multi-office Indian CA firm with deep institutional and listed-company client base.
• KNAV & Co. Mid-tier Indian chartered accountancy firm providing audit, tax, and advisory services with growing pan-India and international footprint. Comparable to MCS in serving mid-market Indian companies and listed entities.
• Walker Chandiok & Co. LLP: Grant Thornton's India member firm — a mid-to-large Indian chartered accountancy and advisory practice offering audit, tax, and corporate finance services with multi-office pan-India coverage. Highly comparable in service mix and target client segments to MCS.

Broad incumbents

• Deloitte Haskins & Sells LLP: Deloitte's India audit practice — among the largest CA firms in India serving listed companies, multinationals, and large Indian corporates. Competes with MCS for high-end audit, tax, and corporate finance mandates.
• S.R. Batliboi & Co. LLP (EY India): EY's India member firm — one of the largest CA practices in the country, offering audit, tax, and advisory. Comparable to MCS as a competitor in audit and corporate finance, but significantly larger and backed by a Big 4 global network.
• Price Waterhouse & Co LLP / PwC India: PwC's India member firm — Big 4 incumbent offering audit, tax, and advisory across India. Competes with MCS in statutory audit, tax advisory, and M&A/corporate finance for mid-to-large Indian clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mahesh-c-solanki-&-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 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 Mahesh C Solanki & Co