Research Due diligence

Due diligence is a critical step undertaken before any acquisition, investment, strategic partnership, or bank financing. It involves a structured review and analysis to assess value, identify potential risks, and uncover key issues that may impact a transaction. The findings from this process are documented in a comprehensive due diligence report, enabling informed decision-making.

Due Diligence Services play a vital role in evaluating both risks and opportunities associated with a proposed transaction. Whether you are pursuing an acquisition, considering an investment, or entering into a business partnership, due diligence ensures transparency, minimizes uncertainty, and supports confident execution.

Our due diligence process focuses on assessing the commercial viability, financial health, and operational sustainability of the target entity. This includes a detailed review of assets and liabilities, revenue streams, cost structures, cash flows, and overall financial stability. We also evaluate operational processes, internal controls, and compliance frameworks to validate critical information relevant to the transaction.

Transactions Covered Under
Due Diligence

Our due diligence framework supports a wide range of strategic, investment, and capital market transactions—ensuring informed decision-making, risk mitigation, and regulatory compliance.

01

Mergers & Acquisitions (Buy-side and Sell-side)

Due diligence is conducted from both buyer and seller perspectives. Buyers assess financial performance, legal exposures, intellectual property, contracts, and operational risks, while sellers evaluate the buyer’s financial capability, funding certainty, and ability to fulfill transaction commitments.

02

Fundraising & Capital Raising

Due diligence plays a critical role in fundraising transactions involving angel investors, venture capital, private equity, or lenders. It helps validate financials, business models, governance practices, and compliance readiness—building investor confidence and supporting smoother deal closures.

03

Strategic Partnerships

Business partnerships, strategic alliances, and commercial arrangements are subject to due diligence to evaluate financial strength, operational capabilities, reputational risk, and long-term alignment between parties.

04

Collaborations & Joint Ventures

When two or more entities collaborate or form a joint venture, due diligence is essential to assess each party’s financial position, resource adequacy, governance structure, and reputational standing to ensure sustainable collaboration.

05

Public Offers & Capital Market Transactions

Due diligence supports public offerings by addressing disclosures in offer documents, regulatory compliance, post-issue obligations, and governance requirements—ensuring accuracy, transparency, and regulatory adherence throughout the process.

01

Financial Due Diligence

  • Detailed review of historical financial statements and accounting policies
  • Verification of revenue recognition, margins, and cost structure
  • Assessment of normalized EBITDA, cash flows, and working capital
  • Analysis of debt, liabilities, off-balance sheet items, and contingent obligations
  • Evaluation of financial controls, reporting accuracy, and compliance
  • Identification of financial risks, red flags, and value-impacting adjustments
02

Business & Commercial Due Diligence

  • Assessment of business model, product/service portfolio, and market positioning
  • Analysis of market size, growth trends, and competitive landscape
  • Review of customer base, retention rates, concentration risk, and pricing dynamics
  • Supplier and vendor dependency evaluation
  • Identification of operational bottlenecks and scalability challenges
  • Analysis of business risks and growth opportunities
03

Operational & Management Due Diligence

  • Evaluation of management team capabilities and organizational structure
  • Assessment of internal processes, systems, and operational efficiency
  • Review of IT infrastructure, supply chain, and operational dependencies
  • Identification of integration risks for acquisitions
04

Legal & Regulatory Due Diligence

  • Verification of corporate structure, shareholding, and ownership rights
  • Review of contracts, agreements, licenses, and intellectual property
  • Assessment of litigation, disputes, and statutory compliance
  • Evaluation of labor and employment matters including ESOPs and HR policies
  • Review of environmental, tax, and regulatory exposures
05

Market & Strategic Due Diligence

  • Competitive benchmarking and industry positioning
  • Analysis of market dynamics, trends, and potential disruptors
  • Customer feedback and brand reputation assessment
  • Evaluation of strategic fit with investor or acquirer objectives
  • Assessment of synergies and value creation opportunities
06

Tax & Accounting Review

  • Review of historical tax compliance and potential exposures
  • Assessment of indirect taxes, transfer pricing, and cross-border obligations
  • Analysis of accounting policies aligned with Ind AS / IFRS
07

ESG (Environmental, Social & Governance) Due Diligence

  • Assessment of sustainability initiatives and ESG compliance
  • Identification of environmental and social risks impacting long-term value
  • Evaluation of governance practices, board structure, and risk frameworks
08

Reporting & Recommendations

  • Consolidated due diligence report with financial, operational, and strategic insights
  • Identification of deal-critical risks and opportunities
  • Recommendations for deal structuring, negotiation, and post-transaction integration