Startup Due Diligence in Tondiarpet, Chennai

Quick answer: Virtual Auditor carries out financial, tax, secretarial and FEMA due diligence on start-ups in Tondiarpet, 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.

Tondiarpet: the local picture for Startup Due Diligence

Tondiarpet lies in Chennai district, Tamil Nadu. Its business mix is typical of an industrial and manufacturing area. Nearby areas we also serve include Washermanpet, Royapuram, Vyasarpadi and Kodungaiyur. We serve clients in Tondiarpet 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 Tondiarpet 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 Tondiarpet

• Clean-up plan for founders
• Red-flag report ranked by risk
• Cap-table reconciliation with MCA filings

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

*Prices are indicative and exclude government fees and taxes. Actual fees depend on scope and complexity; contact us for a fixed quote.

Engagement terms — reviewed 25 October 2026

• Fee: From ₹75,000 + 18% GST, fixed against the agreed scope (financial, tax, secretarial, FEMA).
• Extra / not included: Legal due diligence and technical/commercial diligence are outside scope unless agreed.
• Turnaround: 15 working days from receipt of complete information and the advance payment.
• Who signs: The certificate is signed by V. Viswanathan FCA or another qualified Chartered Accountant of the practice, depending on the engagement.
• Entity: Engagement letter and invoice are issued by Virtual Auditor Private Limited.
• What to send first: Send the data-room index, term sheet or LOI, last three years' audited accounts, and the statutory registers.
• Next step: Send your enquiry on WhatsApp to +91 99622 60333; we confirm the scope, fee and timeline in writing before work starts.