Gupta & Shah, Chartered Accountants · In practice since 1980 · Peer Reviewed by ICAI

Built for Compliance. Designed for Growth.

In practice since 1980. Offices across Kanpur, Mumbai, Kolkata and Shikohabad. A team of more than 20 professionals, one standard of work.

Our Practice Areas

Audit-grade rigour across every engagement. Startup-compatible pace where it matters.

Audit & Assurance

Statutory, tax, internal, concurrent and bank branch audit for listed entities, nationalised banks, PSUs, cooperatives and mid-market companies.

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Direct & Indirect Tax

Income tax, GST, transfer pricing, representation before authorities and appellate forums. Honest opinions, filed on time.

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Startup & MSME Advisory

Virtual CFO, fundraising readiness, ESOP design, DPIIT recognition, investor reporting and the finance function most early companies cannot yet afford in-house.

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Management Consultancy

Business process review, financial due diligence, valuations, risk-based internal audit frameworks and finance function set-up.

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Emerging Practice

Forensic accounting, ESG & sustainability assurance, and social impact assessment.

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We reply to emails within one working day. Longer opinions take longer.

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1980Established
20+Professionals
4Offices
ICAIPeer Reviewed

An introduction to the firm

A short overview of who we are, what we do, and how we work.

Forty-six years of statutory discipline.

Concurrent auditors, branch statutory auditors and special auditors for nationalised banks, public sector undertakings and listed entities. The kind of work that does not make for interesting copy, but does make for trustworthy books.

A second practice, for the next India.

A dedicated desk for startups, MSMEs and owner-run businesses that need a CFO-grade finance function, clean books for their next round, and a CA who picks up the phone on a Sunday because the TDS deadline is Monday.

Institutional Clients

Banks, PSUs, listed entities and large corporates.

The practice we have been building for forty-six years — statutory audit discipline, regulatory compliance, and financial reporting that stands up to scrutiny.

  • Statutory & concurrent audit
  • Bank branch audit
  • Tax audit & representation
  • Internal audit & IFC review
View audit & assurance services →
Founders & MSMEs

Startups, owner-run businesses and enterprises in transition.

The practice we are building for the next India — a CFO-grade finance function for companies that cannot yet afford one in-house.

  • Virtual CFO & monthly books close
  • Fundraising readiness & due diligence
  • ESOP design & cap table management
  • DPIIT recognition & startup compliance
View startup & MSME desk →
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A firm is a long argument between the practice it inherited and the practice it wants to become.

Ours began in 1980 in Kanpur, over a ledger and a typewriter.

Forty-six years later it runs across four cities. Our firm has grown to become a prominent Chartered Accountant service provider based in Kanpur, with branches in Mumbai, Kolkata, and Shikohabad. Over the decades, we have built a reputation for integrity in the field of accounting and financial services. The firm represents a combination of specialised skills, geared to offer sound financial advice and personalised proactive services.

The work we are doing now

The practice today is split roughly in half. One half still does what we have always done — statutory audits for banks, PSUs and listed entities, direct and indirect tax, and representation work. The other half is newer. It serves the founders who are building the next generation of Indian businesses.

Both halves share the same standard. Audit-grade rigour, startup-compatible pace.

Our offices

Kanpur

Head Office

Mumbai

Branch office

Kolkata

Branch office

Shikohabad

Branch office, UP

This website is published in accordance with the Website Guidelines of the Institute of Chartered Accountants of India, as contained in the Code of Ethics (13th Edition, effective 1 April 2026). The firm name is used in plain typography and is not to be read as a logo or monogram. No client is named. No fee is quoted. No claim of superiority is made.

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Services

Single-practice focus, five areas of depth. Each is staffed by partners who do the work, not just review it. Click any card to view what the engagement covers.

01

Audit & Assurance

The foundational practice of the firm. Four and a half decades of it.

What this covers
  • Statutory audit under the Companies Act, 2013
  • Tax audit under section 44AB of the Income Tax Act, 1961
  • GST audit and reconciliation
  • Internal audit and internal financial controls review (IFC)
  • Bank branch statutory audit and concurrent audit
  • Stock and receivables audit for lending institutions
  • Special-purpose and investigative audits
We plan the audit before we open a voucher. Each engagement begins with a risk-mapping exercise, documented, signed off by the engagement partner, and reviewed at closure.
02

Direct & Indirect Taxation

Income tax, GST, transfer pricing, representation. Honest opinions, filed on time.

What this covers
  • Income tax return preparation and filing — individuals, firms, companies, trusts
  • Tax audit and related certification
  • Transfer pricing documentation and Form 3CEB
  • GST registration, return filing, annual return and reconciliation
  • Representation before Assessing Officers, CIT(A), ITAT and GST authorities
  • Opinion work — written, reasoned, cited
Aggressive tax planning that works until it does not. We prefer the position we can defend in writing, cite in appeal, and explain to your board without footnotes.
03

Startup & MSME Desk ADVISORY

A separate practice group for early-stage and owner-run businesses.

What this covers
  • Virtual CFO — monthly books close, board MIS, cash flow forecasting, unit economics
  • Fundraising readiness — data room preparation, financial model review, due diligence support
  • Cap table and ESOP — structuring, valuation under Rule 11UA, issuance, exercise and tax impact
  • DPIIT recognition & Section 80-IAC — eligibility review, filing, tax holiday claims
  • Startup India compliance — annual filings, statutory registers, ROC compliance
  • Founder tax planning — salary structuring, secondary sale tax, RSU / ESOP taxation
Monthly retainer for the CFO work. Project fees for everything else. Quoted in advance, in writing, before work begins.
04

Management Consultancy & Advisory ADVISORY

Process review, due diligence, valuations and finance function set-up.

What this covers
  • Business process review and internal controls design
  • Financial due diligence (buy-side and sell-side)
  • Business valuations and share valuation reports
  • Risk-based internal audit frameworks
  • Accounting system implementation and reviews
  • Finance function set-up for growth-stage companies
Under the expanded scope of Management Consultancy & Other Services in the April 2026 Code.
05

Emerging Practice ADVISORY

Forensic accounting, ESG assurance, social impact assessment.

What this covers
  • Forensic Accounting — fraud investigation, fund-flow reconstruction, evidence-quality reporting for litigation and regulatory proceedings
  • ESG & Sustainability Assurance — limited and reasonable assurance engagements under emerging sustainability reporting frameworks, including BRSR
  • Social Impact Assessment — for foundations, CSR committees and mission-driven enterprises that need independent evaluation of programme outcomes
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Most founders do not need a chartered accountant. They need a finance function.

What a founder actually wants, in the first three years of a company, is someone who knows where the money is, where it is going, what the tax office will ask on 31st July, and what the investor will ask on Monday. We built a practice group for exactly that.

What the monthly engagement looks like

WEEK 1

Books closed from the previous month. Bank reconciliations done. GST and TDS positions computed.

WEEK 2

Board MIS drafted. Burn, runway, unit economics refreshed. Invoicing and collections reviewed.

WEEK 3

Statutory filings — GST returns, TDS returns, advance tax if applicable. Payroll and PF/ESI filings.

WEEK 4

Partner review call. Thirty minutes with a chartered accountant who has read your numbers before the call.

Fundraising readiness

Diligence kills more deals than valuation. We get companies ready for diligence the way we would get a company ready for audit — cleanly, honestly, with working papers.

Who this is for

Pre-seed / Seed

Founders incorporating now, or within the last 18 months, who need a clean start.

Series A readying

Companies 18–36 months in, needing diligence-grade finance within a quarter.

MSME in transition

Family businesses opening up to external capital, professional management or succession.

We are not a bookkeeping shop. We are not a RoC filing desk. We do that work because it has to be done well, but it is not what the relationship is for. The relationship is for the questions you do not yet know to ask.
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The people who do the work

Seven partners, sixteen article assistants, and a network of professional associates — across four offices.

CA Sharad Kumar ShahSKS

CA Sharad Kumar Shah

Founder & Managing Partner · 44+ yrs · FCA

Concurrent Bank Branch Audit certification, ICAI. Statutory audit of banks and PSUs, direct taxation, special audits.

CA R. S. JulasariaRSJ

CA R. S. Julasaria

Senior Partner · 45+ yrs · FCA

Direct taxation and finance. Based at the Mumbai office for the last 13 years.

CA Kanhaiya BediaKB

CA Kanhaiya Bedia

Senior Partner · 28+ yrs · FCA

Heads the Shikohabad office. Financial reporting and audit.

CA Sudhir DeorahSD

CA Sudhir Deorah

Senior Partner · 27+ yrs · FCA

Heads the Kolkata office. Financial reporting, accounting, audit.

CA Pooja KapoorPK

CA Pooja Kapoor

Senior Partner · 21+ yrs · FCA, DISA

Kanpur office. Tax compliance and advisory, information systems audit.

CA Shikhar ArrenSA

CA Shikhar Arren

Senior Partner · 19+ yrs · FCA

Kanpur office. Statutory audit, financial management, internal audit.

CA Shivam GuptaSG

CA Shivam Gupta

Partner · 3+ yrs · ACA

Kanpur office. Concurrent Audit of Banks (ICAI), Public Finance & Govt Accounting.Startup advisory, GST, income tax, management accounting.

Support team & associates

Mr. Anmol Shah

Head of Finance and Administration, Advisor to Startups and MSMEs. Supports engagement delivery across branches.

Professional Associates

Empanelled chartered accountants with 10+ years of experience, and company secretarial professionals, engaged on a case basis where specialist expertise is required.

Article Assistants

Sixteen article trainees working across our offices, under the supervision of engagement partners as part of their ICAI articleship.

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Resources

Useful portals, regulatory updates, and our occasional writing on practice matters.

Coming Soon

Regulatory and statutory updates will be posted here as and when notified.

Coming Soon

Practice notes from our partners will appear here.

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We reply to emails within one working day. Longer opinions take longer.

HEAD OFFICE

Kanpur

2, Nav Bharat Niketan 3A, 246, Azad Nagar, Kanpur, Uttar Pradesh 208002

+91 98390 33834
gupta.shah@gmail.com

Mumbai

Branch office

Kolkata

Branch office

Shikohabad

Branch office, UP

We are unable to solicit work. This form is an invitation for you to reach out if you believe our services may suit your requirement. All enquiries are treated as confidential.