Consulting & Advisory

At Bhate Rawal & Co LLP, we specialize in delivering high-value Consulting & Advisory services that drive business transformation and sustainable growth. With a deep understanding of financial, operational, and strategic complexities, we partner with businesses at every stage—from startups to established enterprises—to unlock opportunities and mitigate risks. Our expertise spans transaction advisory, startup consultancy, ICFR & process mapping, due diligence, mergers & acquisitions, sustainability advisory & ESG, business modeling, franchise structuring, certification, feasibility analysis, business process reengineering (BPR), process transformation, investment planning, and IPO coordination. Through tailored solutions, data-driven insights, and industry-best practices, we empower organizations to navigate evolving challenges with confidence. Whether it’s structuring a high-stakes transaction, optimizing business processes, or preparing for a successful public offering, our team is committed to delivering strategic clarity and long-term value.

Our consulting and advisory wing is dedicated to providing strategic guidance and expert solutions
tailored to your unique business needs. Our seasoned consultants leverage their extensive
experience to offer the following services:

Start-Up Advisory & Business Set-Up

These services assist Entrepreneurs in complying with regulatory requirements, including company registration under the Companies Act, 2013, and GST or MSME registrations, enabling a seamless business setup process. We provide all services under one umbrella for start-ups considering the nitty-gritties and complexities of businesses. Our team guides the start-ups right from selection of the right option of entity structure, incorporation, team and roles definition, business structure, working capital planning, complying with various compliance requirements, multiple value-added options like Start-up India registrations, grants, subsidies, and more.

We provide start-up advisory and business set-up services to help you launch and grow your business. Our expert guidance covers business planning, structuring, and regulatory compliance.

ICFR & Process Mapping

The Companies Act, 2013, mandates that certain companies report on Internal Controls over Financial Reporting (ICFR) as part of their financial statements. ICFR ensures effective controls for accurate financial reporting and compliance. We assist in Internal Controls over Financial Reporting (ICFR) and process mapping to enhance your internal controls and operational efficiency. Our services ensure compliance and risk mitigation. We specialise in defining, correcting and implementing financial and operational controls for various entity sizes and industries by making sure to assess and establish customised solutions.

Due Diligence & Data Room Creation

Due diligence is essential for mergers, acquisitions, and investments. It aligns with legal frameworks like SEBI regulations, the Companies Act, and FEMA guidelines to mitigate risks in transactions. We conduct comprehensive due diligence for financial, taxation, secretarial and legal areas of businesses. Our minute review of transactions, assessment of books of accounts and compliances and verification of legalities in various contractual obligations is covered in a detailed Due Diligence Report presented to the engaging party. Our team can also assist in helping organisations on sell-side to create data rooms for M&A transactions for facing due diligence. Our services ensure that all necessary information is organized and accessible for informed decision-making.

Ind AS/IFRS Financials Convergence

Ind AS (Indian Accounting Standards) and IFRS (International Financial Reporting Standards) are required for listed entities, large companies, and banks as per the Companies Act, 2013, and SEBI guidelines. This convergence ensures uniformity and transparency in financial reporting for global comparability. We assist in the convergence and compilation of your financial statements with Ind AS and IFRS standards. Our services ensure a smooth transition and adherence to international accounting standards. We also help the entities for first time adoption of IND AS and preparation of books of accounts in compliance with the guidelines. Ind AS (Indian Accounting Standards) and IFRS (International Financial Reporting Standards) are required for listed entities, large companies,

Transaction Advisory and Mergers & Acquisitions (M&A)

Our transaction advisory services assist businesses in navigating complex financial transactions, including mergers, acquisitions, joint ventures, and divestitures. We provide transaction advisory services to guide organisations through complex transactions. Our expertise ensures optimal deal structuring, negotiation, and execution. These services are essential for structuring deals, negotiating terms, and ensuring efficient execution. Governed by the Companies Act, 2013, Competition Act, 2002, and SEBI regulations, M&A transactions require legal compliance for approvals, disclosures, and post-transaction integration.

We provide M&A advisory services to support your strategic growth initiatives. Our expertise covers the entire transaction lifecycle, from target identification to integration. We provide services both on the buy-side and sell-side of the transaction making our team one of the best choices for entities entering into M&A transactions. We help organisations to get ready for facing the investors both financially and operationally. Our transactional expertise and negotiating experience help us to guide the entities reach a mutually beneficial agreement. We assist in preparation of Detailed Financial Projections, Business Model, Valuations, Investment Pitch Decks and presentations so as to allow timely and accurate submission of data. We also hand-hold the organisations to understand various clauses of the Term Sheets, Share Purchase Agreement and various other contracts so that they can make an informed decision. We help in preparation of various documents required in the process of M&A transactions like Letter of Intent (LOI), Term Sheets, Share Purchase Agreements (SPA) etc.

Sustainability Advisory & ESG

Sustainability reporting is increasingly mandated under SEBI’s Business Responsibility and Sustainability Reporting (BRSR) for listed entities. Environmental, Social, and Governance (ESG) compliance is also emphasized globally under frameworks like the UN’s Sustainable Development Goals (SDGs). We offer sustainability advisory and ESG reporting services to help you meet Environmental, Social, and Governance standards. Our solutions promote sustainable practices and enhance your corporate reputation. We also perform ESG audits mandated by SEBI for top 1,000 companies in India by market capitalisation.

Certification

Certification services involve issuing reports or certifications required under statutory regulations or industry standards. Examples include net worth certificates for bank loans, export incentive certifications, or compliance certificates under the Companies Act, 2013 or certificates to be provided by builders to RERA and various certificates to be provided to Income Tax and GST authorities. These certifications help entities demonstrate compliance, enhancing credibility and trust with stakeholders. We offer certification services to validate your compliance with industry standards and all statutory regulations. Our certifications enhance your credibility and market positioning.

Business Modelling

Business modelling involves creating financial and operational models to project future performance, analyse scenarios, and support strategic decision-making. These models, align with best practices in corporate finance and are critical for fundraising, investment analysis, or operational planning. We create robust business models to support your strategic planning and decision-making. Our models help you evaluate potential scenarios and make informed business decisions and also provide basis for submission to banks and govt. authorities for purposes like application for credit facilities, grants, subsidies etc.

Franchise Structuring

Franchise structuring services help businesses establish or expand franchise models. These include creating franchise agreements, entity structuring for creation of models like master franchises, financial model for calculating return on investment for franchisees and franchisor and ensuring adherence to FDI guidelines where international franchises are involved. Proper structuring ensures scalability and legal protection for franchisors and franchisees.

We provide franchise structuring services to help you expand your business through franchising. Our services include franchise model development, documentation, and compliance and also includes post investment operational assistance for accounting, audit and compliance. We also provide specialised Franchise Audit Services to franchisors for ensuring franchisees adhere to standards and SOPs provided by Franchisor strictly and maintaining financial transparency with optimum controls to avoid revenue leakage and financial misappropriations. Our vast experience with various industries like hospitality, pathology, SaaS, Trading and FMCG makes us the right choice for Franchisors and Franchisees seeking the correct guidance.

Feasibility Analysis

Feasibility analysis assesses the viability of projects, focusing on financial, operational, and market factors. Such studies align with guidelines from financial institutions or regulatory bodies for project financing, particularly for large infrastructure or real estate projects. We conduct feasibility analyses to assess the viability of your projects and investments. Our in-depth analyses provide you with the insights needed to make sound business decisions. Iterations analysis is involved in these feasibility studies to ensure that the managements are well prepared for best case and worst case scenarios.

BPR & Process Transformations (Operations & Finance)

Business Process Reengineering (BPR) involves rethinking and redesigning business processes to improve efficiency and reduce costs. BPR aligns with governance and compliance standards under frameworks like ISO 9001 or other quality management systems, enhancing operational effectiveness. We offer Business Process Reengineering (BPR) and process transformation services for operations and finance. Our solutions streamline processes, reduce costs, and improve efficiency. Combined with internal controls implementation, BPR can turn out to be a game changer for struggling businesses and can turn around loss making industries into profitable ones.

Anchoring & Coordination for IPO

IPO anchoring and coordination services manage the complex processes involved in Initial Public Offerings. These include liaising with SEBI, stock exchanges, merchant bankers, and legal advisors to ensure compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Proper anchoring ensures a smooth transition to becoming a publicly traded company. We provide anchoring and coordination services for Initial Public Offerings (IPOs). Our expert team manages the entire IPO process, ensuring compliance and successful market entry. This involves preparation of financial projections, submission of various financial statements, certification, drafting support, valuation assessment and pre-IPO preparations for organisations for establishing additional compliance framework.

Investment Planning

Investment planning services focus on helping individuals or businesses achieve financial goals through strategic asset allocation, risk management, and portfolio diversification. These services are crucial for effective wealth management and financial security. We offer investment planning services to help you achieve your financial goals. Our strategic advice covers portfolio management, risk assessment, and investment strategies considering the best possible taxation planning.