Startup Due Diligence in Chromepet, Chennai
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor carries out financial, tax, secretarial and FEMA due diligence on start-ups in Chromepet, Chennai for investors, acquirers and founders preparing for a round, from our head office at Spencer Plaza, Anna Salai. Findings are ranked by risk with the fix for each.
Chromepet: the local picture for Startup Due Diligence
This page covers Chromepet, with the leather and small-manufacturing belt along GST Road. Chromepet lies in Chengalpattu district, Tamil Nadu. Its business mix is typical of an industrial and manufacturing area. Nearby areas we also serve include Tambaram Sanatorium, Tambaram, Tambaram East and Pallavaram. We serve clients in Chromepet from our head office at Spencer Plaza, Anna Salai. Hardware and manufacturing start-ups here need extra work on inventory, capital commitments and factory licences. Companies with a registered office in Chromepet come under the Registrar of Companies, Chennai. FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the RBI regional office, Chennai.
What is start-up due diligence?
Due diligence is the investigation an investor or buyer carries out before committing money. A founder-commissioned review before a round finds the same issues earlier, while they can still be fixed cheaply.
What do we review?
Financial: quality of revenue and margins, cash burn, working capital and unrecorded liabilities. Tax: TDS, GST and income-tax positions, including exposure on share premium received in years before the angel-tax provision stopped applying from assessment year 2025-26. Secretarial: whether the cap table matches the PAS-3, SH-7 and MGT-7 filings, and whether the ESOP scheme follows Rule 12 of the share-capital rules.
Why FEMA matters in start-up deals
Every earlier foreign investment needed a fair-value pricing certificate and an FC-GPR within 30 days; transfers needed FC-TRS. Gaps are common and are regularised with late-submission fees or compounding before the new investor's money comes in. We also check downstream investment and any investor from a land-border country.
Full details of start-up due diligence, including the law, the process and our method: https://virtualauditor.in/startup-due-diligence-chartered-accountant
What you get from Virtual Auditor in Chromepet
- Cap-table reconciliation with MCA filings
- Tax and FEMA exposure summary
- Conditions precedent and subsequent for the term sheet
Documents to keep ready
- Financial statements, management accounts and bank statements
- Cap table, SHA/SSA and ESOP scheme
- MCA filings and statutory registers
Indicative Fee Structure
| Service | Fee |
|---|---|
| Startup due diligence | From ₹50,000 |
| Consultation | Complimentary 30 minutes |
*Prices are indicative and exclude government fees and taxes. Actual fees depend on scope and complexity; contact us for a fixed quote.
Frequently Asked Questions
How long does it take?
Two to four weeks for a typical seed or Series A company, depending on how quickly data is provided.
Is angel tax still a risk?
Not for share issues from assessment year 2025-26 onward, but issues in earlier years can still be assessed under the old provision.
Which offices deal with start-up due diligence for a business in Chromepet?
Companies with a registered office in Chromepet come under the Registrar of Companies, Chennai. FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the RBI regional office, Chennai.
Do you also handle start-up due diligence for businesses near Chromepet?
Yes. We also work with businesses in Tambaram Sanatorium, Tambaram, Tambaram East, Pallavaram and Pammal and elsewhere in Chennai, on the same terms and online.
Do I need to visit your office from Chromepet?
No. We serve Chromepet from our head office at Spencer Plaza, Anna Salai. Documents are shared securely online, filings are signed with a digital signature, and meetings are by video or at our office by appointment. Call +91 99622 60333 or email support@virtualauditor.in.