Case Studies

Outcomes we can put a number on.

Governance case studies with measurable outcomes: GST demands closed, ROC backlogs cleared, EBITDA and cash cycle improvements, funding raised and zero statutory defaults. Client details anonymised where required.

Showing 8 of 8 engagements

ManufacturingTax Advisory & Litigation SupportAnonymised

₹42L demand dropped to nil

Three-year GST scrutiny closed without litigation

A scrutiny notice covering three financial years alleged input credit mismatch and short payment. Reconstruction of the credit trail and a documented representation closed the proceedings with no demand confirmed and no appeal filed.

Proposed demand dropped
₹42L

Proposed demand dropped

Appeals filed
0

Appeals filed

Reconciled and closed
3 FYs

Reconciled and closed

GSTR-2B matched post-engagement
100%

GSTR-2B matched post-engagement

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Retail & DistributionSecretarial & ROC ComplianceAnonymised

6 years of filings cleared

Six years of ROC defaults regularised and directors restored

Two group companies had not filed annual returns since incorporation-era filings lapsed. Directors were facing disqualification exposure and banking relationships were stalling on the strength of the ROC record.

Financial years regularised
6

Financial years regularised

Entities brought current
4

Entities brought current

Directors restored to good standing
6

Directors restored to good standing

Additional-fee exposure avoided by sequencing
₹9.4L

Additional-fee exposure avoided by sequencing

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ManufacturingVirtual CFOAnonymised

EBITDA up 6.4 points in four quarters

Virtual CFO engagement lifts EBITDA by 6.4 points

Revenue was growing while profit was flat. A monthly close discipline, product-level margin visibility and a pricing review converted growth into cash.

EBITDA margin improvement
+6.4 pts

EBITDA margin improvement

Monthly close, from day 40
Day 9

Monthly close, from day 40

Loss-making SKUs repriced or exited
11%

Loss-making SKUs repriced or exited

Annualised cost actions identified
₹4.2 Cr

Annualised cost actions identified

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Retail & DistributionFinance & Cash Flow AdvisoryAnonymised

38-day cash cycle reduction

Working-capital redesign releases ₹7.1 Cr of trapped cash

The business was profitable on paper and permanently short of cash. Receivables, inventory and vendor terms were redesigned as one cycle rather than three separate problems.

Cash conversion cycle reduction
38 days

Cash conversion cycle reduction

Working capital released
₹7.1 Cr

Working capital released

Receivables over 90 days
-42%

Receivables over 90 days

Rolling cash forecast in place
13-week

Rolling cash forecast in place

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InfrastructureBusiness Structuring & AdvisoryAnonymised

IP, operations and family assets separated

Group restructured into a two-entity model ahead of succession

Five overlapping entities held a mix of contracts, land, equipment and family assets. The structure was simplified before a generational transition, with tax and regulatory positions documented at each step.

Entities in the operating structure
5 → 2

Entities in the operating structure

Contracts disrupted during transition
0

Contracts disrupted during transition

Related-party dealings documented
100%

Related-party dealings documented

Board charter across the group
1

Board charter across the group

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IT & TechnologyTransaction & Funding SupportAnonymised

₹28 Cr raised, diligence closed in 6 weeks

Diligence-ready books support a ₹28 Cr institutional round

An earlier round had stalled in diligence on revenue recognition and cap-table hygiene. Restated accounts, a clean data room and an investor reporting cadence closed the next round without a valuation reset.

Capital raised
₹28 Cr

Capital raised

Financial diligence, start to sign-off
6 weeks

Financial diligence, start to sign-off

Material diligence findings
0

Material diligence findings

Accounts restated to policy
24 months

Accounts restated to policy

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HealthcarePayroll & Labour ComplianceAnonymised

Zero defaults across 9 states, 18 months running

Multi-state payroll moved to zero statutory defaults

PF, ESIC, professional tax and TDS were handled locally at each unit, producing recurring late remittances and notices. A single tracked workflow replaced nine local processes.

Statutory defaults since go-live
0

Statutory defaults since go-live

Months of clean record
18

Months of clean record

States on one workflow
9

States on one workflow

Payroll query volume
-63%

Payroll query volume

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Professional ServicesCompliance Management RetainerAnonymised

100% on-time filings across 9 states

Group-wide compliance calendar delivers 100% on-time filings

Compliance was tracked in spreadsheets held by individuals. A single governed calendar with owners, evidence and escalation replaced it, and has held a perfect filing record since.

On-time filings since go-live
100%

On-time filings since go-live

Obligations under tracking
240

Obligations under tracking

Entities on one calendar
6

Entities on one calendar

Evidence retrieval, from weeks
1 day

Evidence retrieval, from weeks

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Client identities are withheld or anonymised where confidentiality terms apply. Figures are drawn from engagement records and client-approved reporting; outcomes depend on facts, sector and the state of records at the start of an engagement, and are not a guarantee of comparable results.

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