Startup Due Diligence in Thoraipakkam, Chennai
Last updated: 15 Oct 2026
Quick Answer: Virtual Auditor carries out financial, tax, secretarial and FEMA due diligence on start-ups in Thoraipakkam, 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.
Thoraipakkam: the local picture for Startup Due Diligence
This page covers Thoraipakkam on the OMR IT corridor. Thoraipakkam lies in Chennai district, Tamil Nadu. Its business mix is typical of a technology and start-up district. Nearby areas we also serve include Perungudi, Injambakkam, Velachery and Taramani. We serve clients in Thoraipakkam from our head office at Spencer Plaza, Anna Salai. SaaS and platform start-ups here usually show issues in revenue recognition, foreign-investment filings and IP assignment from early contractors. Companies with a registered office in Thoraipakkam 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.
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 Thoraipakkam
- Tax and FEMA exposure summary
- Conditions precedent and subsequent for the term sheet
- Clean-up plan for founders
Documents to keep ready
- Key customer, vendor and employment contracts
- Financial statements, management accounts and bank statements
- Cap table, SHA/SSA and ESOP scheme
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.
How long does it take?
Two to four weeks for a typical seed or Series A company, depending on how quickly data is provided.
Which offices deal with start-up due diligence for a business in Thoraipakkam?
Companies with a registered office in Thoraipakkam 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 Thoraipakkam?
Yes. We also work with businesses in Perungudi, Injambakkam, Velachery, Taramani and Madipakkam and elsewhere in Chennai, on the same terms and online.
Do I need to visit your office from Thoraipakkam?
No. We serve Thoraipakkam 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.