通过 Nirji Ventures 的Financial Due Diligence实现决策级别的交易洞察
Non-audit financial diligence for investors, acquirers, and sellers in cross-border transactions — particularly India and Southeast Asia.
“Nirji's diligence flagged a transfer pricing exposure and a working capital normalisation issue that together moved the purchase price by more than the cost of the entire engagement. Sharp, fast, and India-aware.”
概述
Financial due diligence is the most consequential, and most under-invested-in, phase of a transaction. Nirji’s Financial Due Diligence practice provides non-audit, buy-side and sell-side diligence for transactions ranging from Seed-stage acquisitions to mid-market PE deals. Engagements are led by Chartered Accountants (ICAI, India) with direct working knowledge of Indian and cross-border financial reporting, tax frameworks, and accounting irregularities specific to the region. Deliverables include quality of earnings analysis, working capital normalisation, net debt schedules, EBITDA bridges, revenue recognition review, tax exposure review, and a deal-team-ready red flags memo.
我们如何创造成果
Scoping (Days 1–3)
Diligence scope agreement, data room access, and target company coordination — aligned to the deal team's decision needs.
Fieldwork (Weeks 1–3)
Data analysis, management interviews, supporting document review, and exception flagging across QoE, working capital, net debt and tax exposures.
Draft Report (Week 3–4)
Draft diligence report with red flags memo, reviewed with deal team and refined against management responses.
Final Report & Negotiation Support (Weeks 4–6)
Final report, support to deal team during purchase price negotiation, and advisory on representations and warranties.
为何选择 Nirji
- ICAI-led diligence with direct India-specific risk identification
- Non-audit by design — built for transaction decision-support, not statutory assurance
- Typically 30–50% lower cost and 30–40% faster than Big 4 transaction services for comparable scope
- Coverage across QoE, working capital, net debt, EBITDA bridges, revenue recognition and tax exposures
适用对象
- PE and VC investors conducting buy-side diligence
- Strategic acquirers in cross-border M&A
- Sellers preparing for sell-side processes (vendor diligence)
- Family offices evaluating direct investment opportunities
- Founders preparing companies for institutional fundraising (pre-investor diligence readiness)
- Lenders evaluating credit risk on growth-stage borrowers
Why Cross-Border Financial Due Diligence Requires Specialised Expertise
Diligence on a Bangalore-headquartered SaaS company being acquired by a Singapore strategic looks superficially similar to any other deal. The reality is materially different: India-specific revenue recognition norms, GST applicability questions, related-party transaction frameworks under the Indian Companies Act, transfer pricing exposures from cross-border IP and service flows, and employee benefit liability frameworks (Indian gratuity, leave encashment) that do not exist in Singapore accounting.
Nirji's financial due diligence engagements are led by Chartered Accountants qualified through the Institute of Chartered Accountants of India (ICAI) — meaning the same diligence team that reviews the financials also identifies India-specific risks that generalist regional firms routinely miss.
Our diligence work is non-audit by design. Statutory audit in Singapore requires Public Accountant registration with ACRA, which we do not hold. Our work is consulting-grade financial diligence delivered for transaction decision-support, not statutory assurance.
Financial diligence often pairs with our india corridor advisory for structuring the post-close entity, fractional CFO services for post-close integration, and business transformation consulting for value creation planning.
常见问题解答
Is this a statutory audit?
No. Financial due diligence is a non-audit consulting engagement that supports transaction decision-making — quality of earnings, normalised EBITDA, working capital, net debt, and India-aware risk identification. Statutory audits in Singapore require Public Accountant registration with ACRA, which we do not hold. Our diligence is non-audit by design.
How does this differ from the Big 4 transaction services teams?
The methodology overlaps significantly — our partners have worked on Big 4 transaction services teams. The differences are: (1) cost, typically 30–50% lower for comparable scope, (2) speed, typically 30–40% faster turnaround, and (3) for cross-border deals involving India, deeper India-specific expertise from a smaller, partner-led team.
Do you handle vendor (sell-side) diligence?
Yes. Vendor diligence is one of our most valuable services for founders preparing for institutional fundraising or sale, where the goal is to surface and remediate issues before buyers find them.
了解 Financial Due Diligence 项目的结构。
源自我们财务与会计咨询业务的代表性项目示例,展示 Financial Due Diligence 任务的范围、节奏、阶段和典型成果。
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Read more服务范围说明。 Nirji Ventures 以非受监管的咨询方式提供财务和会计咨询。我们在 Singapore 不执行法定审计，不担任持牌 Singapore 税务代理，也不提供受监管的投资或财务咨询服务。印度的财务、税务和监管工作是根据 Institute of Chartered Accountants of India (ICAI) 的特许会计师资格提供的。以 Singapore 为基础的业务活动具有咨询和架构性质；需要法定审计、受监管投资建议或持牌税务申报服务的客户将被转介至获得适当许可的交易对手。