Startup Due Diligence in Peenya Industrial Area, Bangalore
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor carries out financial, tax, secretarial and FEMA due diligence on start-ups in Peenya Industrial Area, Bangalore for investors, acquirers and founders preparing for a round, from our Bengaluru office at Mahalakshmi Chambers, MG Road. Findings are ranked by risk with the fix for each.
Peenya Industrial Area: the local picture for Startup Due Diligence
Peenya Industrial Area is one of Bengaluru's largest industrial areas, with thousands of small and medium engineering units. Peenya Industrial Area lies in Bengaluru Urban district, Karnataka. Its business mix is typical of an industrial and manufacturing area. Nearby areas we also serve include T. Dasarahalli, Yeshwanthpur, Nandini Layout and Nagasandra. We serve clients in Peenya Industrial Area from our Bengaluru office at Mahalakshmi Chambers, MG Road. Hardware and manufacturing start-ups here need extra work on inventory, capital commitments and factory licences. Companies with a registered office in Peenya Industrial Area come under the Registrar of Companies, Bangalore (Kendriya Sadan, Koramangala). FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the RBI regional office, Bengaluru.
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.
What else do investors ask for?
Ownership of intellectual property (assignments from founders and employees), key contracts and change-of-control clauses, labour and payroll compliance, and handling of personal data under the Digital Personal Data Protection Act, 2023. DPIIT recognition and eligibility for the start-up profit deduction are also checked.
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 Peenya Industrial Area
- Tax and FEMA exposure summary
- Conditions precedent and subsequent for the term sheet
- Clean-up plan for founders
Documents to keep ready
- Cap table, SHA/SSA and ESOP scheme
- MCA filings and statutory registers
- GST, TDS and income-tax returns
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
Who usually pays for due diligence?
The investor commissions and pays for its own review; founders commission a vendor due diligence to prepare for a round.
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 Peenya Industrial Area?
Companies with a registered office in Peenya Industrial Area come under the Registrar of Companies, Bangalore (Kendriya Sadan, Koramangala). FEMA reports are filed on the RBI's FIRMS portal through your authorised dealer bank; compounding applications go to the RBI regional office, Bengaluru.
Do you also handle start-up due diligence for businesses near Peenya Industrial Area?
Yes. We also work with businesses in T. Dasarahalli, Yeshwanthpur, Nandini Layout, Nagasandra and Mahalakshmi Layout and elsewhere in Bangalore, on the same terms and online.
Do I need to visit your office from Peenya Industrial Area?
No. We serve Peenya Industrial Area from our Bengaluru office at Mahalakshmi Chambers, MG Road. 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.