MAPSA & Co. is a premier chartered accountant firm in Delhi, advising promoters, HNIs and mid-to-large corporates on tax strategy, IPO readiness, audit, international tax and cross-border structuring. Five decades of institutional knowledge — applied with precision.
MAPSA & Co. was founded in Delhi in 1975 with a clear conviction: that consequential businesses deserve advisors who think beyond the return — who understand the structural, regulatory, and strategic dimensions of every financial decision.
Over fifty years, we have advised promoters through capital raises, guided mid-market companies into public markets, and structured cross-border transactions for businesses operating across India and the UAE. Our Delhi office at East Punjabi Bagh and our Chandigarh office serve clients ranging from HNIs and family businesses to IPO-bound enterprises with turnover of ₹50 Cr to ₹500 Cr+.
We are a Big-4 alternative for promoters, HNIs and corporate boards that require institutional rigour without institutional distance — where a senior partner answers the call, not an associate.
Engagement-specific excellence. Not template-driven output.
Audit and review that withstands the highest scrutiny.
Technical accuracy across tax, regulatory and transactional matters.
Advisory that connects financial structure to business outcomes.
Our practice spans the full financial lifecycle of a business — from structure and compliance to transactions, capital markets, and cross-border expansion. Hover any service to explore the scope.
Strategic tax counsel for promoters, corporates, and HNIs across India — structuring transactions and business models for optimal, compliant efficiency under the Income Tax Act 2025. We advise on capital gains planning, holding company design, and group rationalisation for businesses ranging from ₹50 Cr to ₹500 Cr+ turnover.
Structuring, diligence support, and advisory for companies approaching India's capital markets or undergoing M&A, private equity, or structured debt transactions. Active experience guiding IPO-bound companies through pre-listing financial restructuring and SEBI compliance.
Statutory, internal, and concurrent audit engagements conducted to institutional standards — delivering assurance that withstands regulatory, investor, and SEBI scrutiny. Trusted by audit committees for rigour and complete independence.
End-to-end advisory for inbound and outbound investments, cross-border structuring, and FEMA compliance — with particular depth in India–UAE structures and transfer pricing documentation for Indian corporates.
Embedded financial leadership for growth-stage businesses in Delhi NCR and across India — board-level reporting, treasury management, and strategic counsel without a full-time CFO cost base. Particularly suited to businesses at ₹50–₹250 Cr preparing for institutional capital.
Strategic GST advisory and compliance management for businesses with complex multi-state operations, combined with company secretarial services for boards managing ROC compliance, SEBI governance, and NCLT matters.
Partner-led delivery on every engagement. No mandate is delegated without direct senior oversight — from initial scoping to final sign-off.
Deep India–UAE structuring experience with in-house FEMA and international tax capability. No outsourcing, no broken chain of advice.
Active experience guiding IPO-bound businesses through financial restructuring, DRHP diligence, and SEBI compliance across India.
Our longest client relationships span multiple decades. The firm is built for continuity — not for single-transaction engagements.
"The most valuable advisor is not the one who files the most returns — it is the one who knows which structure will protect your wealth a decade from now."
Credentials & Empanelments
REITs, InvITs, SPV structuring for large-scale developers and project finance.
IPO-bound retail groups, omnichannel expansion and multi-entity holding structures.
ESOP structuring, FEMA compliance for foreign capital and SaaS tax positions.
Succession planning, trust structures and multi-generational wealth advisory.
India–UAE dual structures, repatriation advisory and outbound investment compliance.
RBI regulatory compliance and structuring advisory for lenders and investment entities.
Multi-entity structuring, clinical research arrangements and export incentive advisory.
GST optimisation, RoDTEP advisory and PLI scheme structuring.
Partner-led delivery on every engagement. Not delegation — direct ownership from day one to delivery.
The founding principal of MAPSA & Co., practising since the firm's establishment in Delhi in 1975. Five decades of advisory across direct tax, corporate law, and audit — spanning some of North India's most prominent business families and mid-market corporates. His institutional knowledge and long-standing client relationships form the bedrock of the firm's practice.
Leads the firm's tax advisory, transaction structuring, and IPO mandates. Specialises in cross-border structures, India–UAE advisory, and high-value corporate engagements for promoters and HNIs. Works directly with boards on capital gains planning, holding company design, pre-IPO financial restructuring, and FEMA compliance matters.
Heads the firm's statutory and internal audit practice. Extensive experience across listed companies, NBFCs, and regulated entities. Trusted by audit committees for the rigour and independence he brings to every engagement — including assignments with direct capital markets and SEBI implications.
Heads the firm's Chandigarh practice, serving clients across Punjab, Haryana, and Himachal Pradesh. Deep expertise in direct tax advisory, business structuring, and compliance for family businesses and mid-market enterprises across Northern India.
Leads the firm's company secretarial and corporate governance practice. Advises boards on ROC compliance, secretarial audits, NCLT matters, and corporate restructuring. Works closely with IPO-bound clients on secretarial readiness and SEBI corporate governance compliance.
Over a decade of specialised experience, formerly with Nangia & Co. and KPMG — focused on statutory compliance, financial reporting, and international tax. Chartered Accountant (2013); BA Economics (Hons), SRCC, Delhi University. Regular faculty at the Direct Taxes Regional Training Institute (DTRTI). Advises on complex direct tax positions and international tax strategy.
The new Act consolidates decades of case law into statute — carrying significant structural implications for holding companies, family trusts, and businesses with offshore components. Here is what boards and advisors across India need to be reviewing now.
Read AnalysisDeferred revenue recognition, undisclosed related-party transactions, and aggressive depreciation — the patterns that appear most often in pre-listing diligence for Indian companies.
ReadUpdated treaty provisions, substance requirements, and common structuring pitfalls for Indian businesses with UAE holding or operating entities.
ReadWhether structuring a transaction, preparing for a capital raise, or seeking a second opinion on a complex direct tax or FEMA position — our partners are available to advise directly.