Business Advisory — M&A & Due Diligence
Know exactly what you're buying. Or selling. Business advisory from Chartered Accountants in New Delhi, delivered as Nexus Growth Advisor.
Most M&A deals don't fail in negotiation. They fail in diligence — when something is missed, hidden, or wrongly assumed. The numbers turn out to be stories instead of facts.
NGA's business advisory practice — operating as Nexus Growth Advisor — is led by CA Dishant Goel, who brings both technical CA depth and first-hand business experience. Every deal is partner-led, with a focus on what actually changes hands — not just what's on the balance sheet. Where a transaction crosses a border, the international taxation analysis runs alongside.
Business advisory services, end to end.
Buy-side Financial DD
Quality of earnings, working capital normalisation, hidden liabilities, tax exposure, related-party clean-up.
Sell-side DD & Vendor Assist
Pre-empt buyer findings. Clean up the data room. Prepare a credible, defendable financial story.
Business Valuation
DCF, comparable transactions, comparable companies, asset-based — registered valuer reports for ROC and tax purposes.
Deal Structuring
Asset vs share deal, slump sale, demerger, escrow design, earn-outs, indemnity caps — structured for tax and execution.
Pitch Decks & IM
Information memoranda, investor decks, financial models — built to a standard that institutional money expects.
Post-merger Integration
Systems consolidation, ERP, statutory restructuring, HR & payroll integration, working capital reset.
Buying, selling, or raising — the financial story matters.
Acquirers & PE funds
Buy-side DD with the depth a target deserves and the speed a deal demands.
Founders selling out
Vendor assist that cleans your story, anticipates buyer questions, and protects your valuation.
Companies raising capital
Pitch decks, financial models, valuation defence — built to actually close a round.
Why deals run smoother with us in the room.
Operator empathy
Dishant brings hands-on operator experience to every diligence engagement, which informs how we evaluate the businesses we examine.
Tax-aware structuring
Every deal structure has a tax consequence. Ours are designed with the after-tax reality in mind from day one.
Partner-led, end to end
From first call to closing, the same partner runs it. No swap-in associates at the most critical moment.
Business advisory, explained.
What is business advisory?
Business advisory is professional advice on the decisions that change a company's financial position — buying or selling a business, raising capital, valuing shares, restructuring, or building the finance function a growing company needs. Compliance work reports what has already happened; advisory work shapes what happens next.
At Nikita Goel & Associates this work is delivered under the Nexus Growth Advisor name and led by CA Dishant Goel. It draws on the same audited numbers, tax analysis and regulatory knowledge as the rest of the firm, which is what keeps the advice grounded.
Who needs a business advisor?
Owners and boards at an inflection point: a deal on the table, a funding round, an exit, a restructuring, or growth that has outrun the finance function. The trigger is usually a decision that is expensive to get wrong and hard to reverse.
| Situation | What a business advisor does | What we provide |
|---|---|---|
| Buying a company or a business unit | Tests whether the numbers are facts or stories before you pay for them | Buy-side financial due diligence, quality of earnings, working-capital analysis, tax-aware deal structuring |
| Selling or exiting | Finds the buyer's questions before the buyer does | Sell-side due diligence, valuation defence, information memorandum, data-room preparation |
| Raising equity or debt | Turns the plan into numbers investors can test | Financial models, pitch decks, business valuation reports, term evaluation |
| Growing without a finance head | Gives the owner a monthly, decision-grade view of the business | MIS and business finance reporting, cash-flow planning, Virtual CFO support through Nexus Growth Advisor |
| Restructuring or a family settlement | Structures the change so tax and regulatory cost is known in advance | Valuation, slump sale / demerger structuring, FEMA and tax analysis |
| Starting up | Sets the entity and capital structure right the first time | Startup & incorporation advisory, founder agreements, capital structure |
What problems does business advisory solve?
- Overpaying for an acquisition because reported EBITDA included one-offs that will not recur.
- Liabilities — tax, litigation, related-party arrangements — discovered after closing instead of priced into the deal.
- A valuation that does not hold up with investors, under FEMA pricing rules or before the ROC.
- Cash-flow surprises in a business that is profitable on paper.
- Deal structures that carry avoidable tax cost because tax was considered after the terms were agreed.
How can a CA help business owners?
A Chartered Accountant brings three things a generalist consultant cannot: the authority to sign valuation and certification reports where the law requires a CA or registered valuer, the technical ability to read tax, FEMA and company-law consequences into a structure, and the discipline of audited numbers.
- Reads the business through its numbers first, then through its story — rather than the other way round.
- Connects the advisory decision to its tax, FEMA and ROC consequences, so nothing is discovered later.
- Produces documents — valuation reports, due diligence reports, financial models — that lenders, investors and regulators accept.
What does Nexus Growth Advisor actually provide?
Buy-side and sell-side financial due diligence; business valuation; deal structuring; pitch decks, information memoranda and financial models; post-merger integration; business strategy and Virtual CFO support; and startup advisory on entity and capital structure. Monthly MIS and business finance reporting is delivered through the firm's accounting practice.
When should a business hire a business advisor?
Before the term sheet, not after. The value of advisory work is highest while the terms, structure and price are still open — once they are signed, the advisor can only manage consequences.
- Acquisitions: engage before exclusivity, so diligence findings can change price and structure.
- Exits: six to twelve months ahead, so the data room and financial story are ready when a buyer appears.
- Fund-raising: before approaching investors, so the model and valuation survive their questions.
- Growth: when the owner is making decisions from bank balance rather than from monthly numbers.
Business advisory — questions we're asked most.
What does financial due diligence cover?
Quality of earnings (normalising for one-offs), working capital analysis, debt and debt-like items, revenue recognition consistency, related-party transactions, hidden liabilities (tax, litigation, disputes), commitments and contingencies, and analysis of the underlying commercial drivers of profitability.
How long does buy-side due diligence take?
For a mid-sized target with clean books, 4-6 weeks from data-room access to final DD report. Complexity, multi-entity groups, cross-border operations, or reconciliation gaps extend this. Kick-off meetings and a well-organised data room shorten it.
What is a Quality of Earnings (QoE) analysis?
QoE strips reported EBITDA of one-time, non-recurring or non-operational items to arrive at a 'normalised' or 'sustainable' earnings figure. It is the anchor for valuation negotiation, and typically results in an EBITDA bridge from reported to adjusted, with a schedule of every adjustment.
When do I need a business valuation report?
Common triggers: raising equity or debt, share transfer under FEMA (FC-TRS), ESOP valuation under Rule 3(8), buyback of shares, family settlements, insolvency proceedings, or a strategic transaction. The applicable method and report format depends on the purpose.
Can you help with sell-side DD (vendor assist)?
Yes. Sell-side DD (also called vendor DD or vendor assist) means running the DD process ourselves on your business before a buyer's team arrives. This surfaces issues in advance, cleans the data room, prepares a defendable financial story, and typically preserves valuation in negotiation.
What is the difference between business advisory and a CA's compliance work?
Compliance work — audit, tax returns, ROC filings — reports what has already happened and must meet a statutory standard. Business advisory shapes decisions that have not happened yet: a purchase, a sale, a funding round, a restructuring. Both draw on the same numbers; advisory adds judgement about the transaction and its tax, FEMA and regulatory consequences.
Is Nexus Growth Advisor part of Nikita Goel & Associates?
Nexus Growth Advisor is the business advisory brand founded by CA Dishant Goel, partner at Nikita Goel & Associates, and is the sister firm through which business strategy and Virtual CFO advisory is offered. M&A, due diligence and valuation engagements are led by him at NGA. Enquiries for either are handled through this website's contact page.