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Content

About Us 1

Our Vision 2

The KCM Difference 7

KCM Solution Methodology 9

Audit & Assurance 11

Management Audit 19

Tax Services 27

Corporate Tax 30

International Tax 34

Transfer Pricing 40

Goods & Services Tax 46

Business Advisory 53

Transaction Advisory 54

Corporate Advisory 60

Incubation Support Services 62

Global Exposure 65

Let’s Connect 75

Six decades of dynamic leadership, creativity, integrity, vision and unparallel sense

of commitment is what makes K C Mehta & Co., Chartered Accountants (KCM).

We, at KCM, believe in providing excellent client service with the highest level of

professionalism and ethical standards. With over sixty years of practice, KCM

has accumulated unmatched experience and expertise in the entire range of

assurance, taxation, compliance and business advisory services.

KCM was established in the year 1958 by Prof. K. C. Mehta and has, over the

years, expanded into a dynamic organization that offers a spectrum of

services to diverse clientele. As a vibrant association that brings together

great minds at work, we adopt a pro-active approach to respond to

business needs.

We choose the best of resources and currently KCM has strength of

about 200 dynamic members across four offices.

About Us

www.kcmehta.com

1

Our Philosophy

Our Vision

To be a leader by incessant pursuit of excellence, consolidating upon the foundation of the six tenets of Consistency, Integrity, Independence, Creativity, Excellence and Multicipital.

By recruiting the best talent, advocating a culture of perfection, implementing a customized approach and employing fair practices, KCM envisions evolving into the most respectable practice in the domains that it operates, in the eyes of those within and outside KCM.

Our Mission

Committed to the highest level of integrity and quality, in action and in purpose, KCM consolidates its strengths and skills towards becoming a leader, by offering excellent service and support to clients across the globe.

We recognise that as a firm, we are simply not a team. We are a part of several other teams who have entrusted us with their assignments. KCM thus endeavors to act as an effective extension of the client's business to surmount and influence the upcoming challenges and deliver profitable results.

2

Our Leader

Milin Mehta leads the practice of the firm since last 3 decades. During his leadership, he has steered the firm to grow geographically as well as expanding the scope of its services. He has maintained high ethical standards of the firm and penchant for excellence. Besides being Chartered Accountant, he is also a Law Graduate. His multi-faceted and meritorious academics and experience gives him opportunity to serve clients in the areas ranging from accounting to tax, valuations to strategies and governance to law.

Milin has earlier led the tax practice of the firm and was responsible in setting up the international tax and transfer pricing practice. Milin presently focuses on the Transaction Advisory Services of the firm, while also providing technical leadership to the Tax practice.

Milin's ability to articulate a point and his fair approach has enabled him to negotiate very complex cases. He cherishes arguing in complex tax litigation and has to his credit several reported decisions, some of which are path breaking. He is member of the committee appointed by the Finance Ministry for formulation of ICDS as well as MAT Computation under Ind-AS scenario.

Milin has an excellent network. He also serves as Independent Director in various listed and unlisted companies and chairs their audit committees. He is a prolific speaker and has presented papers and delivered talks in seminars at national level.

Milin Mehta

Managing Partner

3

Mentors

Prof. Kaimas Mehta

Founder

Academician by passion and Chartered Accountant by profession, Prof. K C Mehta founded the firm in 1958 to practise what he used to teach at the prestigious M S University. During his three-decade long association with the University, he also graced the position of Pro-Vice Chancellor .

Presently, Prof. Mehta involves himself in directing the strategies of the firm, mentoring young professionals and spearheading the client feedback process.

Prof. Mehta has been Chairman of Baroda Branch of ICAI. He has also been co-opted as member of the Board of Studies of the ICAI. Prof. Mehta, has taught and trained few thousand of professionals of which hundreds are successful Chartered Accountants.

Mr. Shirish Bakshi

Senior Partner

Mr. Bakshi has five-decade long professional career in industry and professional practice. Apart from being qualified Chartered Accountant and Company Secretary, he also topped the examination of the Institute of Chartered Secretaries & Administrators, U.K. (ICAS) and was awarded the King George V Silver Jubilee Commemoration Prize.

His industry experience helps in understanding and managing client expectations. Mr. Bakshi has advised various multinationals with special focus to the areas of exchange control risk management & international business. Mr. Bakshi, apart from being part of the senior management of the firm, is also in charge of ensuring compliance with Independence Policy of the firm.

4

Mr. Pravin Doshi

Senior Partner Mentors are role

models whom

you see on a

daily basis, and

you learn from

them.

Mr. Doshi, a veteran auditor and consultant, has more than five decades of experience of handling statutory audits with focus on corporate audits. He also holds a degree in Law. Mr. Doshi's focus has been to provide good governance practice in the family owned companies as a medium for growth of the organization and has several success stories to his credit.

He has been instrumental in developing the internal policies and procedures for the attest function discharged by the firm. He spearheads the team which reviews the work done by the firm and ensures adherence to the internal policies and procedures of the firm.

BengaluruKarnataka, India

AhmedabadGujarat, India

MumbaiMaharashtra, India

VadodaraGujarat, India

Our Presence

KCM provides full spectrum of professional services across India from four offices led by

14 Partners and 5 Directors with total team strength of about 200, comprising of

more than 80 qualified professionals

multi-disciplinary team of Accountants, System Auditors, Forensic Auditors,

Company Secretaries, Law Graduates, Management Gradutes, Business Valuers, etc.

6

The KCM Difference

Global Access

KCM has access to 160 accounting firms with 500 offices in 80 jurisdictions

Well-knit Team

with diverse

background

Teams work in cohesive manner and not as ‘silos’

Integrity &

Independence

We follow them in letter and in spirit

It’s a Service

And not a Product

An optimal

blend

A mix of rich experience and excited young professionals

We want to

listen

A strong client feedback mechanism to improve quality of service

7

KCM

Audit

Advisory

Tax

Corporate

TaxInternational

Tax

Transfer

PricingGoods &

Services Tax

Management

Audit

Audit &

Assurance

Corporate

Advisory

Incubation

SupportTransaction

Advisory

Each service area has

a separate team

KCM offers distinct

but integrated service

areas

Teams work in

integrated manner to

provide comprehensive

solutions to the clients

Spectrum of Services

8

KCM Solution Methodology

Customised

Bespoke approach to the client need

Process Driven

An approach that avoids ‘surprises’

Every deliverable runs through 2 layer review

Comprehensive

Holistic approach

Distinct yet Integrated Services

Balanced

Technical solutions with pragmatic outlook

Out of the Box

Unusual possibilities require us to question what is ‘current’

9

Global Connect

KCM is an Independent Member of BKR International. BKR International is an

Association of International Accounting Firms. Member Firms are independent

for client services. However, the firms have come together to serve their client’s

global requirements.

With BKR International, KCM has the advantage of providing cross border support

to its multinational clients.

Key Highlights

One of the top 10 global accounting associations

Combined strength of more than 160 Independent Accounting and Business Advisory firms

Spread over 500 offices in 80 countries

Large enough to offer full range of services, yet small enough to provide service with a personal

touch

Assists independent member firms to grow and strengthen their practices with resources on an

international scale

BKR International member firms are selected for their local influence,

expertise and international capability

10

Audit & Assurance

KCM's uncompromising approach in delivering

independent audit opinion enables the stakeholders

to have a true and fair view about the financial

statements in tune with the expectations of the

statute. KCM has six decades of audit experience

helping it build robust audit processes across

segments and the technical knowledge is kept

updated with continuous training in emerging

areas, techniques and platforms for accounting and

auditing.

Audit & Assurance

Vishal DoshiSenior Partner

Vishal leads the Audit & Assurance practice of the firm. Vishal is a Chartered Accountant with more than 20 years of professional experience. He is also a qualified Information System Auditor, Valuer and possesses Diploma in Insurance and Risk Management.

Vishal specialises in the area of convergence from India GAAP to Ind-AS / IFRS. Vishal has to his credit successfully leading some very prestigious Ind-AS implementation and convergence projects in oil & gas, power and manufacturing sectors.

Vishal has been the chairman of Baroda Branch of ICAI. Vishal is a regular faculty on the courses conducted by ICAI on Ind-AS and has trained hundreds of professionals on Ind-AS during last several years.

Neela ShahPartner

Neela is a Chartered Accountant with more than 20 years of professional experience and

also possesses law degree. She is part of the Leadership team of the Audit & Assurance

practice of the firm.

Neela not only has rich experience of handling assignments of listed companies but is very strong

in the audits of Government Companies. She has helped several Government Corporations in their

accounting and financial reporting functions.

Neela has handled audits of complex business organizations across different segments. She also

reviews the work carried out by the team leaders across the assurance practice in so far as the audit

documentation process is concerned. 12

Pritesh AminDirector

Shripal ShahDirector

Pritesh is a Chartered Accountant with about 18 years of experience in the field

of Audit and Assurance. Prior to KCM, Pritesh was working with a Big 4 auditing firm and was

leading the engagements of various listed and unlisted companies.

Pritesh leads various engagements involving implementation and convergence of accounts from Indian GAAP to Ind-AS. He

has been on short-term secondments to Australia, the United States and the United Kingdom. He has also provided Audit &

Assurance services under US GAAP and IFRS.

Shripal joined the firm after having spent about 15 years practising in the field of Audit and Assurance.

Apart from being a Chartered Accountant, he is also certified Information Systems Auditor. He has successfully completed

Certificate Course on Forensic Accounting and Fraud Detection conducted by ICAI.

Apart from carrying out statutory audits, Shripal has a special interest in forensic audit and fraud investigations. He has carried out forensic audit of

companies at the behest of the lending institutions.

Chhaya DavePartner

Besides being a Chartered Accountant, Chhaya is also a qualified Information System Auditor. She carries with her more than 20 years of professional experience in various fields. Chhaya has rich experience of handling assignments related to statutory audits, tax audits and VAT audits for corporate and non-corporate clients.

She has a niche in handling assignments in banking sector like concurrent audits, stock audits, inspections and other specialized assignments. Her insights into the banking operation practices have helped the firm to add value in such assignments rather than being a pure assurance function. 13

Our risk-based

process driven

approach coupled

with technical

knowledge signifies

depth and breadth

of KCM's

Assurance

function.

Under the Companies Act, 2013

Under the Income-tax Act, 1961

IndAS / India GAAP / IFRS FS Audit

Overseas Subsidiaries of Indian Companies

IFRS / IndAS Implementation & Convergence

Group Consolidation

Accounting Opinions

Audit

Accounting

Advisory

For Various regulatory requirements

Financial Due Diligence

Comfort / Arrangement Letter of Indian / foreign listing

Certification

Audit & Assurance

14

Peer Reviewed From

2003 to 2017

C&AG Category 1

Auditor

ONGC Limited

Listed Navratna PSU engaged in Oil & Gas Exploration, Ranked #8 by Market Cap with turnover of INR 850 billion

Munjal Auto Ltd.Listed entity engaged in

manufacturing of auto parts with turnover of more than

INR 10.6 billion

Transformers &

Rectifiers India Ltd.Listed entity manufacturing transformers with turnover of INR 6.9 billion

Panasonic Energy

India Co Ltd.Listed subsidiary of

Japanese Group engaged in manufacturing dry cell

battery

Gujarat Industries

Power Company Ltd.Listed entity engaged in generation of electricity with turnover of INR 13.6 billion

Diamines &

Chemicals Ltd.Listed company, being the only manufacturer of Ethyleneamines (EA)

in India

Integra Engineering

India Ltd.Listed subsidiary of Swedish Engineering Group engaged in railway signals

Gujarat Hotels Ltd.Leading Hotelier of

Vadodara and an associate of ITC Limited

Key CredentialsAudit & Assurance

15

India's largest paracetamol manufacturer having turnover of INR 4.8 billion

Pharmaceutical

Chemical

Indian company manufacturing zinc and

moly derivatives with turnover of INR 6.7 billion

Engineering

Indian company engaged in manufacturing cryogenic tanks with turnover of INR 4.5 billion

Company manufacturing pharma products with turnover

of INR 6.1 billion

Pharmaceutical

Infrastructure

Commercial Port and Storage Terminal with turnover of INR 2.5 billion

Company manufacturing Aluminium sections with

turnover of INR 2.8 billion

Metal

Products

Company manufacturing electrical transformers with


Machinery

Auto

Components

Subsidiary of Listed Company manufacturing Automotive Gaskets with turnover of INR 1.4 billion


16

Listed Indian bearing manufacturer with turnover of INR 20.2 billion

Auto

Components

Chemical

Subsidiary of Belgian group producing chemicals from

non-ferrous metal with turnover of INR 7.5 billion

Engineering

US Company manufacturing cryogenic products with turnover of USD 16.6 million

Listed Company manufacturing

radiators with turnover of INR 6.1 billion

Banking

Infrastructure

Indian listed company manufacturing & laying transmission lines with turnover of INR 57.8 billion

India’s largest public sector bank with interest income of INR 1.1 trillion

Auto

Components

Indian group engaged in generation, transmission & distribution of energy with

consolidated turnover of INR 410 billion

Energy

Automobile

Indian subsidiary of Japanese car-maker with turnover of INR 66.2 billion


17

Indian subsidiary of German MNC manufacturing auto components with turnover of INR 11.7 billion

Auto

Components

Consumer

Goods

Indian subsidiary of Taiwanese MNC being 2nd

largest TV panel supplier in the world

EngineeringIndian subsidiary of US MNC manufacturing mass- transfer equipment with turnover of Rs. 1.75 billion

Indian subsidiary of German MNC

manufacturing clutch assembly with turnover of

INR 8.6 billion

Ceramics

MachineryIndian subsidiary of US MNC Engaged in manufacturing oil drilling equipment with turnover of INR 1.50 billion

Indian company engaged in ceramic products with


Auto

Components

Indian Project Office of Chinese MNC engaged in

manufacturing transformers with turnover

of INR 4.1 billion

Machinery

EngineeringIndian subsidiary of Denmark based Group engaged in manufacturing of Heat Exchangers


18

Management Audit

Cross-functional system-based approach is used by

KCM with focus to improve the systems and controls

in an effective manner rather than merely fault-

finding exercise.

Continuous investment is made in developing in-

depth industry knowledge. KCM team is equipped

with tech tools and have experience of performing

audit under all major ERP environments.

Management Audit

Chirag BakshiSenior Partner

Chirag is a Chartered Accountant with more than 25 years of experience. Chirag leads the Management Audit practice of the firm. Over the period of last 2 decades of practice, Chirag has pre-dominantly focused on various areas of internal controls set-up, enhancement and testing.

Chirag has deep knowledge of Indirect Taxes and Foreign Exchange regulations which provides cross functional abilities. He is also a certified information system auditor and has obtained qualification in Computer Aided Audit Techniques. His special love for IT systems and security gives him an edge to add value to the clients in ERP gap analysis and process improvements through system controls.

Ashish JaiswalPartner

Ashish is a Chartered Accountant and Management Accountant with more than 18 years of professional

experience. Ashish is also an MBA in Finance. Ashish has pre-dominantly handled management audits,

internal control assessments and has also assisted the management in complex issues of management and

strategic decision making, strategy formation and implementation.

He has 7 years of Industry experience wherein for 5 years he was Executive Director of a green field engineering unit.

His insights from industry perspective immensely add value while identifying the process gaps and suggesting a balanced

and pragmatic solution.

Ashish is a regular speaker at seminars organized by professional organizations including ICAI and IIA.

20

Internal Audit

SoX Compliance Review

Internal Controls Review - ITGC/ ERP/ Process

Retail Chain Audit

Review of ICFR/ IFC

Financial Closure Review

Continuous Controls Review

Pre-Audit/ Transaction Verification Audit

Perpetual/ Periodic Inventory Verification

Fixed Asset Verification

ISO Compliance Audit

Control

Testing

Services

Control

Enhancement

Services

IFC – Design & Implementation

SOP Development & Implementation Assistance

Designing and Implementation of Costing Systems

IT System Risk Management

ERP GAP Analysis

Forensic/ Fraud Investigation

Specialized

Services

At KCM, we understand

clients business as

management and

review the processes

as auditor, to provide

the best value to the

client.

Management Audit

21

Fraud InvestigationForensic investigation to

identify and quantify the

fraud with evidences

Internal Financial Controls

Documenting the framework of

IFC and perform test of controls

to assess their operating

effectiveness

Documenting SOPsDocumentation with flow

charts, gap analysis and

recommending future business

processes

Costing Systems

Designing & implementation of

system for productwise cost

report, reconciliations and

other costing MIS

IT System and ERP Review of Information

Technologies General Controls

and ERP Optimization and

Training

Management Audit

Specialized

Services

22

Audit

Tools

Management Audit

ERP

Environment

23

Key Credentials

Oriental Aromatics

Limited

Listed Company engaged in the field of Terpene Chemistry

having turnover of INR 5 billion

Elecon Engineering

Company Limited

Listed company engaged in manufacturing of material handling equipments and industrial gears with turnover INR 9.1 billion

Sun Pharma Advanced

Research Co Ltd.

Research Company of the No#1 Pharma Co. by Market Cap.

with turnover of INR 1.8 billion

Gujarat State Petronet

Limited Paushak Limited

Jayant Agro

Organics Ltd.

Listed company engaged in producing Castor oil and its derivatives with


Listed Company engaged in transmission of natural gas with turnover of INR 13.3 billion

Listed Company & Part of Alembic Group Engaged in producing Phosgene and its derivatives with turnover of INR 1 billion

Listed company engaged in manufacturing food processing equipment

Axtel Industries

Limted

Gujarat State Fertilizer

Company Ltd

Listed PSU engaged in manufacturing fertilizers &

chemicals with turnover INR 50 billion

Management Audit

24

Transaction Verification Audit of Listed Indian subsidiary of Swedish Engineering Giant having turnover of INR 94 billion

Engineering

Chemical

Indian subsidiary of Austrian Colour pigment

manufacturing giant with the turnover of INR 4 billion

Chemical

Listed largest company manufacturing Chlor-Alkali in India with turnover of INR 16 billion

Special Audits for the company Ranked #1 by

Market Cap in Pharma sector

Pharmaceutical

Engineering

German MNC engaged in Gas & Engineering Sector with Group of over 600 affiliated companies in 100+ countries

Luxury car dealer for Lamborghini and

Mercedes-Benz and luxury gourmet brands like La

Pavoni, Gaggia & Bugatti

Automobile

Company Engaged in Distribution of Electricity


Energy

Indian subsidiary of UK MNC engaged in manufacturing auto components with turnover of INR 2.5 billion

Key CredentialsManagement Audit

Auto

Components

25

Key CredentialsManagement Audit

Manufacturer of Pharmceutical Formulations for USA Based parent company

Pharmaceutical

Chemical

Indian subsidiary of Spanish Group engaged in

manufacturing frits and ink for designer tiles

Industrial

Goods

Subsidiary of a well known Indian group in pump manufacturing with turnover of INR 3.8 billion

Listed pharma formulations manufacturer with turnover

of INR 7.6 billion

Pharmaceutical

Energy

Electricity generation company with multiple units and turnover of INR 84 billion

Indian subsidiary of Brazil MNC manufacturing water

pumps with turnover of INR 2 billion

Industrial

Goods

Project Audit of Indian sub of large Chinese

Transformer Co with investment of INR 10 billion

Machinery

Auto

Components

Indian subsidiary of major Chinese MNC engaged in automotive interior component

26

Tax Services

In recent times, “Tax” being a global reputation and

political subject affecting goodwill of an entity, a tax

advisor's role is more imperative while contributing

value to the company's overall strategy as an integral

part of the business. This mandates a need of

specialist advices and services to manage various tax

obligations pro-actively.

KCM considers sensitivity of Tax to various

stakeholders and provides value added services by

keeping highest level of ethical standards and quality

of services.

Shripad Deshpande

Corporate TaxPartner

Arpit Jain

International Tax &

Transfer Pricing

Partner

Bhavin Marfatia

Tax LitigationPartner

Akshay Dave

Corporate Tax AdvisoryPartner

Tax Services

Milin Mehta

Tax Leader

Chirag Bakshi

Goods and Services TaxPartner

Tax Leadership

At KCM, we have a vibrant team of tax professionals who breathe tax. While we

have dedicated teams for different tax areas headed by partner, they work in

complete sync to provide comprehensive tax solution to the client.

KCM tax practice is recognized as one

of the leading tax practices in India.

Milin Mehta leads the tax practice and plays the pivotal role in determinig tax

strategies for the client.

28

KCM is a with special focus on Tax as servicesboutique firm

Tax Services

KCM is consistently recognized as Leading Tax Firm by International

Tax Review

Tax Team comprises of 6 Partners, 3 Directors and more than 30

Professionals

KCM regularly publishes its analysis on important tax subjects

29

2020 Edition

The Comprehnsive

Guide to

the World's Leading

Tax Firms

RECOMMENDED FIRM

0022

Shripad DeshpandeSenior Partner

Shripad presently leads the Corporate Tax practice, apart from being client relationship head for some large prestigious clients of the firm. With more than 20 years of professional experience, he has developed a niche in the area of tax representation.

H e f o c u s e s o n c o m p l i a n c e a n d representation for Corporate tax matters. Shripad has successfully handled complex matters ranging from corporate tax assessments and the assessments made consequent to tax investigation, searches and surveys. He also provides support to various large corporates to meet their employee tax obligations.

Bhavin MarfatiaPartner

Bhavin leads Corporate Tax litigation practice of the firm. He is

a Chartered Accountant with more than 16 years of professional

experience. Bhavin regularly advises clients on major corporate tax issues and also represents them before the tax

and appellate authorities.

Bhavin has successfully handled several tax litigation matters of diverse nature including those involving transfer pricing

adjustments, admissibility of business deductions or incentives, capital gains and penalties.

Corporate Tax

Akshay DavePartner

Akshay leads the Corporate Tax practice of the Ahmedabad office. He is a Chartered Accountant

with more than 15 years of professional experience. Akshay regularly advises clients on major corporate tax

issues and also represents them before the tax and appellate authorities.

He specialises in corporate tax and in achieving tax efficiency in various transaction tax related services. He has worked extensively in relation to

tax implications on adoption of Ind-AS coupled with ICDS. He has also undertaken detailed research and have advised clients in relation to

applicability of GAAR to the existing / proposed transactions.30

Virat BhavsarDirector

Virat is Chartered Accountant with experience of more than 12 years in handling varied tax matters including complex search and seizure matters and tax issues

relating to foreign assets. He has done extensive analysis in relation to Income Computation & Disclosure Standards for clients across industries.

He also appears before the tax authorities for representing matters involving divergent issues during assessment and revisionary proceedings. He is a regular speaker at seminars and conferences organized by various professional bodies such as ICAI and Tax Bar Associations.

Dhaval TrivediDirector

31

Dhaval is a Chartered Accountant and a Company Secretary with more than 10 years of experience in the fields of Corporate Tax & International Tax. Prior to joining KCM, he has worked with Big 4

consulting firm in Tax & Regulatory services for around 9 years.

Dhaval has rich experience in handling corporate tax matters, including advising on domestic tax issues like taxability of peculiar transactions, allowability of tax breaks, mergers and acquisitions, litigation support and tax health check.

Pre-Transaction Advisory

Tax Risk Assessment

Corporate Tax Planning

Tax Holiday Planning

Corporate Tax Returns

eTDS Returns

Tax Incentives claims certification

Employee TDS compliance

Planning

&

Advisory

Compliance

Representations to CBDT

Representation before Tax & Appellate Authority

Strategies for litigation

Support for litigation at HC & SC

Representation &

Litigation

Corporate Tax

KCM's rigorous tax

research methodology,

sharp representation

skills backed by

exceptional

litigation

strategies brings

value to client's

business

decisions.

32

KCM develops innovative ideas of Tax Planning

It focuses on tax efficiency but with strong technical foundation. KCM defends its planning and helps its client to sail through the litigation process as well. It provides end-to-end solution.

Key ProjectsCorporate Tax

Advising on optimal solution

based on interplay of Ind-AS and ICDS

Advising on non-taxability of carbon

credit receipt

Tax efficient structuring

involving “Concept” as intangible capital asset

Tax deduction of expenses through issuance of hybrid

instruments

Advancing the expense

deductibility by establishing

business set-up

Advising on GAAR and POEM

implications for overseas subsidiary

of Indian Co.

Planning through equity-incentive

plans to employees

Equity conversions based on tax and

business objectives

33

Arpit leads KCM's International Tax & Transfer Pricing practice. He is a Chartered Accountant with more than 16 years of experience. Arpit had a meritorious career and secured ranks in all CA exams.

Arpit has been involved in advising a number of corporations on the matters relating to International Tax . He specializes in tax and regulatory implications of cross-border transactions covering exchange control regulations, tax treaties including MLI, BEPS Action Plans and transfer pricing.

He has co-authored India Report on “The notion of

tax and the elimination of international double

taxation or double non-taxation” for IFA in 2016. He has been regular faculty in the Certificate Course on International Taxation conducted by ICAI.

Arpit JainPartner

International Tax

34

Dhaval TrivediDirector

Dhaval has more than 10 years of professional experience including 9 years with Big 4

consulting firm. He also holds Certificate for successful completion of International Tax

Course from ICAI.

He has handled international tax and regulatory matters including analysis of various DTAAs,

cross-border structuring projects, PE issues, repatriation strategies, foreign tax credit issues, etc.

Dhaval has assisted in contributions to various articles on topics related to International Tax in

national / international publications. Dhaval has been a speaker on International Tax issues across forums

including ICAI.

Dhwani ShahAssociate Director

An all India 9th Rank-holder Chartered Accountant Dhwani has more than 8 years of professional experience in the field of international tax. She has advised various multinationals in relation to inbound and outbound investment structuring, PE taxation, holding company regimes, taxation of IPRs, foreign tax credits, expat taxation, repatriation strategies, etc.

She has also worked on tax and regulatory implications of cross-border transactions, mergers and acquisitions, exchange control regulations (FEMA), transfer pricing matters including preparation of Country-by-country report and Master file, etc. She has delivered lectures at various forums and has contributed to professional journals.

35

Global Investment Structure

IPR Holding Structure

Cross border Restructuring

Pre-transaction Advisory

BEPS Impact Analysis

Expatriate Arrangement Structuring

Advance Ruling and Mutual Agreement Procedure

Global

Tax

Strategy

Planning &

Advisory

Representation

Appellate Representations

Expatriate Taxation

India Tax Compliance by Foreign Companies

Support for HC & SC

Compliance &

Litigation

KCM has developed a

niche in the field of

International Tax

and is recognised

as one of the

leading firms in

the arena of

International

Tax.

International Tax

36

Global Investment Structure

Advising on appropriate Investment Structure considering

• Investment objective & long term Investment strategy

• Tax on Repatriation & Exit Taxes

• Set-up, ease of Operations and Substance Requirements

International Tax

US MNC expanding its operations

covering India, Singapore,

Philippines, Malaysia, UK, UAE, etc.

Indian listed MNC engaged in

undertaking turnkey contracts in more than 20 countries

Indian listed company engaged in chemicals for their operations in

US, Europe and Middle East

Base Erosion & Profit

Shifting (BEPS)

Analyzing impact of each of BEPS Action Plan

BEPS implementation in India

Current and likely future impact of BEPS proposals on the client

Listed Indian MNC engaged in Turnkey

Projects having operations in more than 40 countries

(including about 28 Permanent

Establishments)

Listed Indian MNC engaged in

manufacturing auto components having operations in more than 12 countries

Indian subsidiary of Taiwanese MNC

engaged in manufacturing steel

products with turnover of INR 8.5

billion

Key Projects

37

Key ProjectsInternational Tax

Separating business groups without

triggering ‘indirect transfer’ tax in case of a US IT major having substantial operations

in India and Asia Pacific

Reducing effective tax rate of DDT (i.e. 21%) on

dividends paid to foreign company to 10% invoking Article - 10 of

relevant DTAA

Advising US MNC expanding business in various jurisdictions

relating to Regulations on foreign jurisdictions

based on topical research and objective

oriented solutions

Structuring sale of API manufacturing unit without triggering

Indian ‘indirect transfer’ tax for US

MNC with R&D center and manufacturing

plant in India

Structuring sale of Indian hotels held by

Kenyan residents including implications of Section 93 in case of

a large hospitality Group

Restructuring the holding structure from

Cyprus through Company migration for German Group

engaged in Pigments manufacturing

Pre Transaction Advisory

38

International Tax

Indian company engaged in turnkey contracts

having issues involving taxability of off-shore

supply and profit attribution to PE and representation before

Kenya Revenue Authority

Defending non-inclusion of profits of overseas subsidiary in tax free jurisdiction in

the hands of Indian Parent

Claim of deduction in respect of allocated

Head Office expenses without any

restriction invoking Article 7(3) of India – UAE DTAA upheld by

ITAT

Dalma Energy LLC

Claim of tax benefit under Section 80HHE

invoking Non Discrimination Article

in India – US DTAA upheld by ITAT Special

Bench

Rajeev Gajwani

Taxability of supervisory income received by foreign

consortium partners as ‘fees for technical

services’

JSC Zangas, Russia

Landmark ruling by AAR in respect of non-

taxability of sale of engineering drawings

and designs.

Pro-quip Corporation

Key Projects

International Tax Litigation

39

Prashant KotechaDirector

Prashant leads KCM's Transfer Pricing practice at Vadodara. He has more than 10 years

of experience in this field.

He has advised India based MNC for creating and implementing Transfer Pricing policy for intra

group transactions across the subsidiaries in various countries. He also assisted them in

preparing TP documentation as per the requirement of local law of USA, Czech Republic, Russia,

Netherlands, Italy, France and Germany.

He has worked upon assignments of implementation of BEPS Action Plan on Transfer Pricing issues especially

preparing Master Files. Prashant also appears before Transfer Pricing Officer at various locations across the

country.

Transfer Pricing

Arpit leads KCM's Transfer Pricing practice and has more than 15 years of experience in that field. Arpit has been named as leading Transfer Pricing professional in India in TP World 2014 by International Tax Review.

He has advised various corporates with regard to CbC Report and Master File requirements as per BEPS Action 13. He has advised various multinationals with regard to the supply chain models, strategies for reducing litigation including advising on suitability of APA - safe harbours, etc.

He has successfully defended various TP issues including royalties, management fees, marketing intangibles, corporate guarantee, etc. He was instrumental in framing Transfer Pricing policy for very large corporate with intra-group transaction being more than INR 350 billion.

Arpit JainPartner

40

Global Transfer Pricing Policy

Global Planning Studies

Global TP Documentation

Country by Country Reports (CbCR)

BEPS Action 13 Master File

TP Planning Studies

Transfer Pricing Documentation

Transfer Pricing Audit Report

Safe Harbour Filings

Representation before TPO / DRP

Litigation before CIT(A) / ITAT

Global

TP

Services

India TP

Service

Royalty / Lumpsum Technical Know-how

Management Fees

Interest / Guarantee Fees

Marketing Intangibles

Captive Service Providers – IT / ITeS / BPO

Special

Transactions

Benchmarking

Over the last two

decades, KCM has

established itself in the

Transfer Pricing

domain by

demonstrating its

capabilities to

formulate &

honour Transfer

Pricing

requirements

across the

globe.

Transfer Pricing

41

Key ProjectsTransfer Pricing

KCM assisted multinational groups to comply with the transfer pricing documentation

requirements of various jurisdictions across the Globe

Global TP

Documentation

Databases

KCM has access to Indian and International subscribed databases

ProwessIQCMIEIndian Database of

approx. 45,000 companies

International Database with details of approx.

20 million entities

International Database for Royalty and Service

Fee Benchmarking

An Indo-German group engaged in Medical Diagnostic equipment

Netherland based Group to comply with TP Regulations for the parent and its subsidiaries spread across Europe

Countries for which TP Documentations prepared -

Germany, USA, Italy, Turkey, Poland, Spain, Switzerland, Netherlands, France, Russia, Czech Republic, Austria, UK, Kenya, Rwanda

42

Base Erosion & Profit

Shifting (BEPS)

KCM has advised MNCs on BEPS implication and assisted in complying with the BEPS Action Plan - 13

Transfer Pricing

Listed Indian MNC engaged in Turnkey Projects having operations in more than 40 countries (including about 28 Permanent Establishments)

Listed Indian MNC engaged in manufacturing auto components having operations in more than 12 countries

Listed Taiwanese MNC engaged in manufacturing steel products.

Country by

Country

Reporting

(CbCR)

US MNC engaged in IT Staffing & Recruitment solutions with more than 50 offices worldwide and employing more than 14,000 professionals

Europe based MNC operating in the pigment industry since 200 years with production facilities in Europe, US and Asia

Chinese MNC in manufacturing power transformers and accessories

Indian MNC engaged in manufacture of Cryogenic Vessel Alternatives and world's largest manufacturer of cryogenic transportation equipment

Indian MNC being the largest producer of plastic water tanks and with presence in 4 continents

Master File

Key Projects

43

Transfer Pricing

Indian Energy Group with intra-group transactions of more than INR 350 billion

Indian MNC engaged in Diagnostic equipments & kits

Global TP

Policy

Indian Listed sub of Japanese electronic giant

Listed Indian company engaged in Power Transmission

Leading Pharma company listed in Indian market

Listed PSU engaged in manufacturing fertilizers & chemicals

Related Party

Transaction

Policy

Transfer Pricing Policy

KCM has assisted in framing transfer pricing policies of the clients so that their pricing is in compliance with arm's length principle as per tax and governance standards in all jurisdictions.

Key Projects

44

Transfer Pricing

KCM has carried out Intangible / Royalty Benchmarking Studies

Indian Listed subsidiary of Japanese electronics giant

Indian Listed subsidiary of German auto component manufacturer

Trademark fees charged by German MNC to various companies across the Group

Indian JV of French MNC engaged in manufacturing plastic auto components

Intangibles

Based on credit rating and differential pricing parameters of financing

Indian MNC engaged in manufacturing cryogenic vessels

Indian company engaged in trading of metals

Interest & Guarantee fees

Special Transactions

KCM has carried out benchmarking studies for determining Arm’s Length nature of special transactions

Key Projects

Advising clients on TP implication on support service arrangements

Indian Listed subsidiary of German auto component manufacturer

Indian subsidiary of German MNC engaged in plumbing solutions

Indian subsidiary of European MNC leading manufacturer of printing ink

Management Support Services

45

Bharat RawalDirector

Bharat is a professional with more than 40 years of experience behind him. Bharat leads the Goods &

Services Tax team covering GST, Customs, Excise, Service Tax, VAT and CST. Bharat has led and been

part of the indirect tax teams of reputed multi-national enterprises and other manufacturing

concerns. During his long stint he has also worked in the area of direct taxes, finance and accounting.

He has handled the assignments of Tax management, Tax Planning, set up of internal tax compliance system,

effective clearance of litigation at various appellate forums. Bharat has successfully led the team of the firm for

carrying out various assignment of Indirect Taxation.

Goods and Services Tax

Chirag BakshiSenior Partner

Chirag leads the Goods & Service Tax practice of the firm and has more than 15 years of experience in the same. Chirag was invited by the Government of Gujarat to assist them in suggesting revenue neutral rate to the GST Council.

Chirag led the team during the critical transition phase from various indirect taxes to GST, which is regarded as one of the major reforms of independent India.

He helped the clients in analysing GST implications for their existing business models and suggest ing them the improvised and optimal business model considering newly introduced GST regulations.

46

Periodic tax filings

Annual tax filing

GST Audit

Periodic refund applications

Impact Analysis

Transaction structuring and business remodeling

Analysis of customs duties

Entitlement of tax incentives / exemptions

Returns

Planning &

Advisory

Representation to GST Council

Representation before GST / Customs / DGFT authorities and appellate authorities

Advance Rulings Assistance in SVB proceedings

Support for litigation at SC & HC

Representation &

Litigation

KCM’s thorough

analysis on the

evolving law helps

the clients to take

decisions on

optimal supply

chain model.

Goods and Services Tax

47

Key ProjectsGoods and Services Tax

Subsidiary of Brazilian MNC

engaged in manufacturing

electrical motors and generators

Subsidiary of German MNC

engaged in manufacturing and trading plumbing, heating and pipe joining system

Indian Group engaged in

manufacturing plastic components having turnover of

INR 10 billion


manufacturing agrochemical


Subsidiary of French MNC engaged in

manufacturing road machinery, equipment and

asphalt plant


manufacturing auto components having turnover of INR 10

billion

GST Impact Analysis Providing comparative result on taxes under

previous indirect tax regime and post implementation of GST along with impact on its Financial, Commercial and Operational areas of the organization

Providing optimum tax planning and strategies during implementation stage

Providing assistance for successful implementation and execution

48

Key ProjectsGoods and Services Tax

Assistance in EOU debonding procedure along with providing legal possibilities to minimize tax effects

Preparation of factual and legal submission to

be made to the respective appellate authority on various

matters

Preparing submission to be made to the

customs authorities and appearance in personal hearing before customs

authority for getting SAD refund

Preparing submission to be made to the

customs authorities and appearance in personal hearing before customs

authority for getting SVB order

Assistance for converting DTA unit into EOU unit along with strategies and

advices regarding tax implication

Applicability of GST on return of goods by job

worker under GST regime which were sent

by the principal manufacturer under

erstwhile regime

49

Key CredentialsTax Services

Indian subsidiary of well- known Japanese car- maker with turnover of INR 66.2 billion

Automobile

Metal

Products

Indian subsidiary of largest stainless steel manufacturer

setting up a plant in India with investment of

INR 60 billion

Metal

Products

Indian subsidiary of Taiwanese MNC manufacturing steel products with a turnover of INR 8.5 billion

Indian listed bearing manufacturer with


Auto

Components

Oil & Gas

Listed company engaged in laying and operating cross-country Gas Transmission Pipeline with asset size of INR 89.5 billion

Indian subsidiary of Chinese MNC manufacturing

Transformers with turnover INR 11.56 billion

Machinery

Listed Indian MNC engaged in plastic and

textile business with consolidated turnover of

INR 65 billion

Consumer

Goods

Engineering

Goods

Indian subsidiary of US MNC engaged in manufacturing mass transfer equipments with turnover of INR 1.7 Billion

50

Tax Services

One of the Largest producers of Zinc Oxide in India and mining operations in Africa, with a consolidated Group turnover of INR 15 billion

Chemical

Paper

Indian subsidiary of US MNC engaged in

manufacturing of paper products having turnover of

INR 2.1 billion

Energy

Group engaged in Generation, Transmission and Distribution of electricity with turnover of more than INR 410 billion and intra-group transactions worth more than INR 350 billion

Indian subsidiary of German MNC manufacturing colour pigments with a turnover of

INR 5 billion

Chemicals

Infrastructure

Listed turnkey player in power transmission (with more than 28 projects outside India) with turnover of more than INR 57.8 billion

German MNC having well known brand for high end

sanitary wares, ceramics & bathroom fittings with

operations in 30 countries

Consumer

Goods

Listed Power Generation Company having

turnover of more than INR 13.6 billion

Energy

Chemicals

Indian subsidiary of French MNC producing zinc derivative products with turnover of INR 7.5 billion

Key Credentials

51

Indian subsidiary of German MNC manufacturing auto components with turnover of INR 11.7 billion

Auto

Components

Listed company manufacturing radiators with turnover of INR 6.1 billion

Indian subsidiary of German MNC

manufacturing clutch assembly with turnover of

INR 8.6 billion

Auto

Components

Indian company engaged in road construction with


Infrastructure

Tax Services Key Credentials

Auto

Components Engineering

Indian company engaged in manufacturing cryogenic tanks with turnover of INR 4.5 billion

India's largest paracetamol manufacturer having turnover of INR 4.8 billion

Pharmaceutical

Infrastructure

Commercial Port and Storage Terminal with


Indian subsidiary of Brazil MNC manufacturing

water pumps with turnover of INR 2 billion

Industrial

Goods

52

Business Advisory

Our rich experience in understanding the mid-size

family owned businesses, including their

apprehensions and aspirations help us in advising

our cl ients for strategizing the mergers ,

acquisitions or strategic alliance opportunities. We

create value by transaction structuring and help our

clients in negotiating such structures to bridge the

gaps. Credibility of the firm of being fair in

negotiations helps the transaction closing.

Darshana MankadPartner

Darshana is a Chartered Accountant with more than 35 years of professional experience.

She supports Milin in Transaction Advisory services and leads the Corporate Advisory and

Incubation Support Services of the firm.

Darshana was part of the top management team of a large listed company and has more than 25

years of rich industrial experience.

Darshana has successfully handled restructuring assignments, transaction support for mergers and

joint ventures, entire set up compliances for new businesses, regular accounting and compliances,

consents and approvals for various types of entities and businesses.

Milin MehtaManaging Partner

Milin leads the Transaction Advisory Services of the firm. His varied experience and wide network help him negotiate complex transactions and find solutions. His ability to leverage his tax, legal and accounting experience to find solutions and create value in a transaction is highly appreciated by his clients. Milin's ability to articulate a point of view enables him to lead several negotiations for his clients.

Milin has been actively involved in closing some complex acquisitions and joint ventures. His abilities to garner best valuation keeping optimal tax structure creates a win-win scenario for all stakeholders. Milin also serves as Independent Director to various listed and unlisted companies and he contributes significantly to their growth strategies.

Transaction Advisory

54

Suril is a Chartered Accountant and also holds a certificate in International Tax by the ICAI. He comes with more than 7 years of experience in Transaction Advisory.

His transaction advisory role includes deal sourcing, negotiation, structuring, tax planning, and other transaction support services. He has advised promoter groups for investment in India as well as outside India, with a core focus on Indian family owned companies. Suril's experience spans across industries such as chemicals, mining, trading, real estate and construction, automotive, ITES, etc. He has served a varied category of clients including privately held businesses, listed companies, private equity and MNCs.

Suril MehtaAssociate Director

Chinmay NaikAssociate Director

Chinmay is a Chartered Accountant and a certified Master in Business Finance by the ICAI. He comes with more than 7 years of

experience in Assurance and Transaction Advisory. He was also a part of Assurance and Advisory teams of global consulting firms.

His transaction advisory role includes financial due diligence, business plan review, business valuation, financial planning & analysis, and other transaction support services. Chinmay's experience spans across industries such as manufacturing, capital goods, automotive, start-ups, financial services, oil & gas, real estate and construction, etc. He has served a varied category of clients including privately held businesses, listed companies, private equity and MNCs. 55

Practice

Area

Experience

Strong belief in

positivity and undying

enthusiasm to find a

solution to conceivably

impossible situation

have enabled us to

close difficult deals

in a win-win

manner.


Investor / Partner search

Preparation of Information Memorandum

Front-ending the deal

Business valuation

Due diligence

Buyer-side / seller-side support

Shareholders’ Agreement

Legal Compliance & documentation

Regulatory filings & approval

Securities compliance and reporting

Mergers & Demergers Restructuring Domestic & Cross-Border Transactions Joint Venture & Strategic / Technical Alliances Private Equity deal Stock and Asset acquisition Hostile Takeover proposal Takeover Defense Going Private transactions Tender Offer & Exchange Offer

56


Acquisition of stake from

GE

Indian promoters re-acquired the majority

stake from GE in oil & gas based Company.

Negotiated negative

consideration

Swiss-India JV in LLP

JV in LLP involved in the packaging for

specialty chemicals.

Multi-stage acquisition

Complicated multi-stage JV following

acquisition from foreign Co by Listed Co. Size:

INR 500 million

Acquisition via Put

Option

Structured Put Option for acquisition of

Specialty Chemicals manufacturing

Company

Acquisition of a Listed

Company

Acquisition of Indian Listed Co. from US

Fortune 500 Company

JV between Gas

Distributors

JV between Gas Distributors worth

INR 2.15 billion

Merger of 3

Architectural Firms

Transaction for availing synergy of globalizing

respective business

Congo Mining Assets

Acquisition of major stake of Congo Mining Assets from Australian

Listed Co

Key Projects

57


Acquisition of European

Tech. Co

Indian Metal Company’s JV with a French Tech. Company for setting up new technology recovery

plants in Europe

Vertical integration in

Europe

Indian Co acquired its European customer for

INR 1.1 billion

Acquisition by US

Listed Co

Acquisition of majority stake in Indian

Engineering Co. for INR 500 million

Pharma Manufacturer

JV between Indian Pharma manufacturer and European Co. for

INR 500 million

JV with African

diversified Group

For setting up African manufacturing plant

Foreign investment in

Healthcare

Investment by a foreign PE into Multi Specialty

Hospital

Sanitary Equipment

Manufacturer

Sanitary Equipment Manufacturer

acquisition by European Co.

Indian IT security

product

Global IT security giant’s acquisition in a

uniquely structured transaction

Key Projects

58

Key ProjectsTransaction Advisory

Other Deals JV between Indian & Chinese Transformer Manufacturer for 45 Crores

JV with US logistics for unique synergy

JV with US Real Estate Group

JV with Australian Listed Co for African Mining project

JV with Large American ethnic food product manufacturer

Expansion of US presence for setting up distribution network

JV with Czech Republic for specialized product specific deal

JV between Indian Pharma & European Co.

JV between Foreign Sub. & Foreign Govt. for exploitation of mining interest outside India

JV for exploiting Patent in Diagnostics worldwide in cutting edge medical diagnostics

59

Business & Share Valuation

Intangibles Valuation

Project Feasibility Study

Project Finance Assistance

Strategic Advisory on Investment Routes

Planning & Management

Regulatory & Compliance Services

Representation before Authorities

Financial

Advisory

Exchange

Control

Corporate Laws Advisory

MCA Filings

Company Law Compliance & Documentation

Secretarial Compliance Review

Legal Documentation

Corporate &

Business Law

Corporate compliance could

be complex and non-

compliance could be a

major hindrance for

business activities and

therefore it is best if

the same is assigned to

a team of experts

whose focus is

helping clients in

their corporate law

compliances.

Corporate Advisory

60

Corporate Advisory Key Credentials

Indian subsidiary of USMNC Engaged inmanufacturing oil drillingequipment with turnoverof INR 1.5 billion

Machinery

Railways

Indian subsidiary of Italian MNC engaged in interiors

of Metro rail

Chemical

Indian subsidiary of Spanish Group engaged in manufacturing frits and ink for designer tiles

Indian Joint Venture of Chinese Group engaged in

manufacturing Transformers

Machinery

Metal

Products

Indian subsidiary ofTaiwanese MNC setting up Steel manufacturing plant with investment of more than INR 15 billion

Indian subsidiary of the largest privately owned US

Corporation engaged in manufacturing of mass-

transfer equipment

Engineering

Listed Indian entity manufacturing chemical

intermediates with a turnover of INR 14.8 billion

Chemical

Plumbing

Indian subsidiary of German MNC engaged in manufacturing of plumbing solutions

61

India Regulatory Environment Overview

Advice on type of entity and optimum holding structure

Incorporation of entity

Initial Tax and other Registration

Accounting

Payroll Processing

Payment Processing

MIS Reporting

Tax (Income Tax & GST) calculations, payments and returns

Set Up

Periodic

Annual Financials (YE March)

Annual Financials for Group Consolidation (YE Dec)

Support for Audits under Companies and Tax Laws

Annual Company Law, FEMA and Tax Filings

Transfer Pricing

Incubation Support Services

Annual

Multinationals entering

India are wary of going

wrong on the regulatory

front. We act as SPOC

for companies entering

India and provide

them end-to-end

support in their

initial phase till

they become self-

sufficient.

62

Background Our Approach

With population of more than 1.32 billion over 29 states, India is a huge country with diverse culture. Each state is like a country in itself. The tax and regulatory framework in India is evolving with the advancement of technology and with specific focus of the Government through “Ease of doing business” and “Make in India” initiatives.

In such evolving times, it is all the more important for a multinational group to undertake a proper evaluation about the business requirements vis-à-vis the India Entry Strategy considering the local regulations and requirements.

Foreign companies planning to invest into India may plan to set up a sales office / branch office / R&D unit in one or many India locations, or a small to medium scale assembly line/manufacturing unit. In this process, they generally need handholding support for the initial years till they are ready to expand their operations and employ more people.

KCM's unique Incubation Support Services are aimed at offering standard set of services to such foreign businesses which plan to start on a small scale, with bigger plans for the future.

KCM acts as a Single Point of Contact (SPoC) for foreign companies and advises its clientele on practical issues of setup and provides an overview/understanding of the steps required to establish India operations. The offerings are a mix of practical actionable advice along with quick implementation support. We also assist clients in other matters such as local taxation, payroll, accountancy support, drafting standard agreements, etc.

KCM's Incubation Team is a mix of experts from various areas and is experienced in managing these concerns. Our attempt is to completely handhold our clients during the initial 2 to 3 years of their set up in India till the time they become self-sufficient and become trusted Business advisors to our clients for years to come. Based on the requirements of our clients, we also identify and introduce the entity to reputable third party service providers that will be needed.

63

Incubation Support Services

German MNC engaged in manufacturing of Water Purification systems and products

Consumer Goods

Software

Japanese MNC engaged in the business of software

development and licensing services

Textile

Taiwanese MNC engaged in manufacturing of non-woven fabrics

MNC from Czech Republic engaged in the business of

manufacturing coating materials

Industrial Goods

Infrastructure

Indian companies engaged in developing smart cities

Indian Joint Venture engaged in the business of

City Gas Distribution

Oil & Gas

UK based MNC engaged in manufacturing of

sanitaryware products

Sanitaryware

Plumbing

German MNC engaged in manufacturing of plumbing solutions

Incubation Support Services Key Credentials

64

Global Exposure

Taiwan

Indian subsidiary setting up assembly/manufacturing operations for LCDs / LEDs in India

Electronics

Automotive

Indian subsidiary of Taiwanese MNC engaged

into business of manufacturing tyres with asset size of INR 23 billion

Textile

Indian subsidiary setting up a plant in Sanand, Gujarat for manufacturing non-woven fabrics

Taiwanese Group engaged in the business of

manufacturing medical devices

Medical

IT Components

Indian subsidiary of Taiwanese MNC engaged in connectivity hardware solutions

Taiwanese listed entity manufacturing injection

moulding machines setting India presence

Machinery

Taiwanese Group engaged in the business of

manufacturing contact lenses

Healthcare

Steel

Products

Indian subsidiary of largest steel manufacturer of Taiwan with turnover of INR 8.5 billion

Global Exposure

66

Indian subsidiary of largest stainless steel manufacturer in the world setting up manufacturing plant with proposed investment of INR 60 billion

Metal Products

Auto

Components

Indian subsidiary manufacturing auto

interior and trim systems

Machinery

Indian subsidiary manufacturing transformers with turnover of INR 11.5 billion

Indian subsidiary of setting up plant for manufacturing

power equipment in Sanand, Gujarat

Machinery

Infrastructure

Indian subsidiary of Chinese Association setting up Industrial Park in Gujarat, India

Indian subsidiary of Chinese MNC engaged in manufacturing electrical

products

Electrical

Machinery

Indian subsidiary of large Chinese Government enterprise manufacturing Transformers

ChinaGlobal Exposure

Indian Project Office of Chinese MNC engaged in

manufacturing transformers with turnover

of INR 4.1 billion

Machinery

67

Indian subsidiary manufacturing induction heating furnaces with a turnover of INR Rs. 4.5 billion

Machinery Chemical

Indian subsidiary of US listed Corporation engaged in manufacturing of advanced composite materials

Indian subsidiary of US MNC engaged in manufacturing oil

drilling equipment with turnover close to INR 1.5 billion

Oil & Gas

Electronics

Indian subsidiary of US Corporation engaged in manufacturing IoT based products

Indian subsidiary of the largest privately owned US Corporation

engaged in manufacturing of mass-transfer equipment with


Machinery

USAGlobal Exposure

Paper

Indian subsidiary of US MNC engaged in manufacturing of

paper products having turnover of INR 2.1 billion

68

Subsidiaries across Asia Pac region (India, Philippines, Malaysia, Singapore, UAE and Australia) of US Corporation engaged in IT staffing solutions with combined employee strength of more than 4,000

ITeS

BPO & ITeS

Indian subsidiaries acting as captive BPO of US Parents

engaged in businesses of medical transcription / engineering

design services / call centres

BPO

Indian BPO arm of US Corporation with employee strength of more than 1,000

Indian subsidiary of US Corporation engaged in setting

up and managing IT Park

IT Infrastructure

Software

Indian subsidiary of US MNC engaged in software development

Indian subsidiary of US Corporation engaged in tech-based education and training

Education

USAGlobal Exposure

69

Indian Listed subsidiary of German MNC engaged in manufacturing of bearings with turnover of more than INR 20.2 billion

Bearings

Sanitaryware

German MNC engaged in manufacturing of

sanitaryware products

Auto Component

Indian subsidiary of German auto component Group with turnover of more than INR 11.7 billion

Indian subsidiary manufacturing Water

Purification systems and products

Water Purification

Plumbing

Indian subsidiary of German MNC engaged in manufacturing of plumbing solutions with asset size of INR 1.3 billion

Indian subsidiary manufacturing clutches

with turnover of more than INR 8.6 billion

Auto Component

Global Exposure Germany

70

Indian subsidiary of German MNC engaged in engineering services in the Gas & Engineering Sector with Group of over 600 affiliated companies in 100+ countries

Engineering

Renewable

Energy

German MNC engaged in manufacturing of bio-fuel

and renewable energy

Pharmaceutical

Indian JV of German MNC engaged in production of calcium based pharmaceutical products

Indo - German MNC spread across 12 countries,

manufacturing high end medical instruments with consolidated

turnover of INR 6 billion

Medical

Machinery

Indian subsidiary of German MNC engaged in manufacturing of heat exchangers

German MNC providing specialized services in Process

Design, Detail Engineering and HSE Management with presence

in 30 Countries

Engineering

Global Exposure Germany

71

Indian subsidiary of Group headquartered in the UK engaged in software development

Software

Chemical

Indian subsidiary of Austrian MNC manufacturing colour pigments with a turnover of

INR 5 billion

Pharmaceutical

Indian subsidiary of UK MNC engaged in manufacturing of chemicals for pharmaceutical industry

Indian Subsidiary of French MNC engaged in manufacturing

of sanitaryware products

Sanitaryware

Oil & Gas

Russian company engaged in providing turnkey solutions in relation to oil & gas pipelines

Listed Indian subsidiary of Swedish MNC engaged in

manufacturing engineering systems / products

Engineering

Global Exposure Europe

72

Global Exposure Europe

Indian subsidiary of Italian Group engaged in the business of manufacturing ceramic inks and pigments

Chemical

Auto

Components

The Netherlands based group engaged in

manufacturing of auto components

Railways

Indian subsidiary of Italian MNC engaged in interiors of Metro rail

Indian subsidiary of Finnish / Swedish MNC engaged

into manufacturing of non-woven fabrics

Textile

Chemical

Indo - French Joint Venture engaged in producing speciality chemicals with turnover around INR 7.5 billion

Subsidiary of Spanish Group engaged in the

business of manufacturing ceramic inks and pigments

Chemical

Subsidiary of Austrian MNC manufacturing

Conductors with turnover approx. INR 1 billion

Electricals

Engineering

Listed India subsidiary of Swedish Engineering Giant

73

Indian subsidiary of a leading Japanese car-maker with turnover of INR 66.2 billion

Automobile

Chemical

Joint venture entity between Japanese MNC and Austrian

MNC engaged in manufacturing chemical products

Chemical

Indian subsidiary of Japanese chemical manufacturer having its facility at Dahej, Gujarat

Electronics

Listed Indian subsidiary of Japanese MNC with a popular brand in consumer Electronics

Indian subsidiary manufacturing high-speed

flow wrap machines and product handling systems

MachinerySoftware

Indian subsidiary of a Japanese MNC engaged in

developing software and related services

JapanGlobal Exposure

74

Let's Connect

website: www.kcmehta.com

Connect us

Locations

Level 11, Tower B, Ratnaakar Nine

Square, Vastrapur, Ahmedabad,

380 015, Gujarat, India

Phone: + 91 79 4910 2200

Email: [email protected]

AhmedabadArpit Jain

19/4, Between 7th & 8th Cross, Malleswaram, Bengaluru, 560 003, Karnataka India Phone: +91 80 2356 1880


Bengaluru Payal Shah

Meghdhanush, Race Course, Vadodara 390 007, INDIA

Phone: +91 265 2341626 / 2440400


VadodaraMilin Mehta

MumbaiVishal Doshi

Services

Audit & AssuranceVishal Doshi+91 265 [email protected]

Corporate TaxShripad Deshpande+91 265 [email protected]

International Tax & TPArpit Jain+91 79 [email protected]

Management AuditChirag Bakshi+91 265 [email protected]

Goods and Services TaxChirag Bakshi+91 265 [email protected]

Transaction AdvisoryMilin Mehta+91 265 [email protected]

Corporate AdvisoryDarshana Mankad+91 265 [email protected]

Incubation SupportArpit Jain+91 79 [email protected]

508, The Summit Business Bay, Nr. WEH Metro Station, Gundavali, Andheri East, Mumbai, 400069, India Phone: +91 22 2612 5834


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Content - K C Mehta & Cokcmehta.com/pdf/kcm_profile.pdf · areas, techniques and platforms for accounting and auditing. Audit & Assurance Vishal Doshi Senior Partner Vishal leads