Pinnacle of Excellence. Innovation. Speed.

Nangia Advisors LLP is a premier professional

services firm that strives to add value to the

business of its clients. Founded in 1984, the

group provides a wide gamut of services in the

financial space which range from Entry Level

Strategy, Taxation, GST, Assurance, Mergers and

Acquisition to Corporate Financial Advisory.

We draw our strength from our team of

professionals who have significant functional

and industry expertise across service lines and

are well-equipped to deliver outstanding results.

Quality of our people is the cornerstone of our

ability to serve our clients. From our newest staff

members through senior partners, exceptional

client service represents a dedication to going

above and beyond expectations in every working

relationship.

Our services are driven by quality and commitment

to our clients and responsive quality service

is our primary focus. Close and continuous

communication with clients is one of our top

priorities. We take pride in our ability to provide

definite advice to our clients with the shortest

turnaround time. Nangia Advisors LLP is FCPA

and UKBA compliant.

ABOUT US

THE SECRET OF JOY IN WORK IS CONTAINED IN ONE WORD: EXCELLENCE. TO KNOW HOW TO DO SOMETHING WELL IS TO ENJOY IT. PEARL S. BUCK

EXCELLENCE IS AN ART WON BY TRAINING AND HABITUATION. WE DO NOT ACT RIGHTLY BECAUSE WE HAVE VIRTUE OR EXCELLENCE, BUT WE RATHER HAVE THOSE BECAUSE WE HAVE ACTED RIGHTLY. WE ARE WHAT WE REPEATEDLY DO. EXCELLENCE, THEN, IS NOT AN ACT BUT A HABIT. ARISTOTLE

Nangia Advisors LLP, an organically grown Chartered Accountancy Firm, with presence for over three decades has grown exponentially in the last decade.

Our strength lies in our execution ability, accessibility and approachability to our clients.

We have the ability to offer a wide range of services to clients globally and we are well positioned to advice on a strategy that can help advance corporate goals within the ever-shifting compliance landscape.

We have been extending our superordinate professional services, which are considered to be one of a kind, to various large MNEs on complex transfer pricing matters including designing and planning TP policy, documentation, business restructuring, dispute resolution, APA and MAP.

RAKESH NANGIAManaging Partner – Nangia Advisors LLP

PROFESSIONAL ACCREDITATIONS• Nangia Advisors LLP is the collaborating

firm with Andersen Global. This

collaboration enables us to work hand

in hand with professionals from more

than 100 Andersen Global offices and

this reflects our values and commitment

to transparency, high ethical standards,

technical accuracy and quality in the

provision of services to our clients

• Nangia Advisors LLP consistently rated

as leading tax firm in International Tax

Review, World Tax Guide to World’s

Leading Tax Firms

• Nangia Advisors LLP consistently

rated as leading transfer pricing firm in

International Tax Review, World Transfer

Pricing Guide

• Nangia Advisors LLP rated as 3A1 by

Dun & Bradstreet

OUR SERVICES• ENTRY LEVEL STRATEGY• TAX ADVISORY, COMPLIANCE AND LITIGATION:• TRANSFER PRICING SERVICES• GOODS AND SERVICE TAX• LITIGATION SUPPORT• DUE DILIGENCE• CORPORATE LAW & SECRETARIAL SUPPORT• MERGERS AND ACQUISITIONS• BUSINESS VALUATION• CORPORATE FINANCIAL ADVISORY• RISK ADVISORY• ASSURANCE• PRIVATE CLIENT SERVICES• GLOBAL MOBILITY SERVICES

OUR SPECIALIZED SERVICE OFFERINGS ARE:

Evaluating market attractiveness: We carry out specific industry studies, market assessment studies and developing industry risk models

Evaluating market ecosystem: We assist in the evaluation by conducting Trend-analysis (buyer/supplier/competitors/regulatory body), Supply Chain Analysis, providing Competitive Intelligence Support, Competitors Profiling and Risk Mapping/Company Risk Assessment

Evaluating entry options:Greenfield Investment- Assistance in regulatory and tax compliance in set up operations• Assistance and advisory services on business & operational form - Representative Office, Branch Office, Project Office, Joint Venture, Owned Subsidiary etc. and assistance in obtaining requisite approvals from regulatory authorities

• Advice on current government policies in relation to Foreign Investment (inbound) and Repatriation

Brownfield Investment- Identification of strategic target and assistance in transaction advisory• Pre-transaction advisory: Strategy and identification of potential targets, commercial negotiations and valuations• Transactional advisory: Diligence and transaction structuring

TAX ADVISORY, COMPLIANCE AND LITIGATIONOur specialized services encompass end to end support ranging from advisory, compliance to implementation support.

OUR KEY SERVICE OFFERINGS:

Before/ at the time of entering Indian market• Assistance in devising a business model for undertaking its targeted business activities in the most tax efficient manner • Advice on cross-border transactions, double taxation avoidance agreements • Assistance in preparation and representation in applying for Advance Rulings from the Authority for Advance Rulings to obtain tax certainty

Upon entering Indian marketFunding options • Identifying alternative operating models/ structure for carrying on the Indian business and analyzing the various tax and regulatory implications under each option• Discussing the mechanics and commercial implications of each model• Pros and cons analysis keeping in mind the management objectives such as remittance issues, foreign exchange fluctuations, tax, regulatory, transfer pricing and other compliances• Highlighting time and cost considerations for each model• Summarizing safeguards to build tax efficiencies and mitigate any likely exposures

Business models • Advising on the draft arrangements proposed to be executed with the Indian vendors and suggesting the most tax efficient business model for rendering the agreed services• Analyzing the tax and regulatory implications of carrying on the business in India

Compliances/ on-call advisory/ regular updates• Assisting in expatriate taxation by providing tax effective compensation structuring, payroll services and social security compliance and advisory• Assisting in tax and regulatory compliances in terms of filing of periodical/ annual returns • Providing regular updates relevant to your business and advising on specific tax queries • Assisting in filing an application with the Indian Revenue Authorities for obtaining a Nil/ Lower Tax Withholding Certificate• Providing regular updates relevant to your business • Representing companies before the tax authorities for audit of returns by Indian tax authorities, tax inquiries and other proceedings

ENTRY LEVEL STRATEGY

As India continues to embrace global innovation, adopt open systems and universal practices, the global corporations are considering India as a preferred investment destination for growth and disruption.

With the Government’s initiative to improve India’s ranking in the ease of doing business, the Indian regulations are continually evolving that simplify starting business in India. Our exuberant team of strategy professionals are well positioned to assist clients in strategizing India entry, structuring investments and transactions with judicious use of treaties and seamless compliance with applicable laws.

TRANSFER PRICING SERVICESOur Transfer Pricing Division assists Indian and Multi-National Corporations develop and implement economically justifiable transfer pricing policies and documentation.

Our team will work closely with you, to help manage the tax impact of your domestic as well as cross-border related party transactions. Together, we will explore an effective, integrated organization wide strategy for managing many complex Transfer Pricing issues involved with inter-company transactions involving goods, services and intangibles.

TRANSFER PRICING SERVICE OFFERINGS:

Transfer Pricing documentation: We assist corporations to design and implement compliance policies, and prepare robust documentation

Transfer Pricing planning and supply chain structuring: We provide assistance in developing and implementing viable Transfer Pricing policies, harmonization of existing Transfer Pricing policies, adopting new Transfer Pricing structures or alignment of prices with business restructuring

Transfer Pricing Report : We assist you with a full array of documentation services, including function, asset and risk analysis, industry overview, bench marking study, customized to your specific needs

Litigation Support/ Transfer Pricing controversy management: Our tteam will work with you to develop strategies and appropriate practices to manage the scrutiny/appeal proceedings

FIN 48 assistance: We provide assistance to determine and quantify your FIN 48 Transfer Pricing exposure and uncertain tax position

Advance Pricing arrangements: We can assist preparing a robust Transfer Pricing policy aligning with business and commercial substance along with deciding on various documents and information that need to be shared with tax authorities during the course of negotiating and implementation of an APA program

• Advice on execution of

turnkey projects/ EPC contracts involving planning at the bidding stage, structuring of contracts, identification of tax optimization opportunities, devising the most tax efficient models and comprehensive range of compliance services subsequent to the bidding stage

• Providing on-call advisory services on specific Indirect Tax queries raised by the clients from time to time

• Drafting, filing and processing of refund claims• Assistance in indirect tax audits and assessments,

including representation before the Indian Tax Authorities

LITIGATION SUPPORTOur team of experts provides a complete range of litigation support services, including:

• Developing and implementing strategies for quick resolution of issues

• Representation before Indian tax authorities and various appellate forum such as Commissioner (Appeals), Appellate Tribunals

• Assistance in preparation and representation of case before High Courts and Supreme Court of India

• Assistance and representation in relation to the Advance Rulings

GOODS AND SERVICE TAXWe have designed a comprehensive approach, which is aligned to the needs of our clients and we assist our clients in undertaking compliances under the following legislations in an efficient manner:

• Centralized Goods and Services Tax Act, 2017• Integrated Goods and Services Tax Act, 2017 • Relevant State Goods and Services Tax Act, 2017• Relevant Union Territory Goods and Services Tax

Act, 2017

GST ComplianceGoods and Services Tax registration• Assistance in obtaining GST registration• Assistance in amendment of existing GST

registration• Assistance in obtaining Input Service Distributor

(‘ISD’)/ Tax Deduction at Source (‘TDS’)/ Tax Collection at Source (‘TCS’) registration

Goods and Services Tax periodic compliances• Assistance in computation of monthly GST liability• Assistance in preparation and submission of

monthly GST returns

GST Advisory Services• Advising on operations/ transactions of clients from

an Indian tax perspective in terms of the various taxes applicable and tax benefits/ exemptions/ set offs available

• Conducting health check/ credit reviews to identify planning opportunities available and optimizing the overall Indirect Tax incidence

• Due Diligence reviews

DUE DILIGENCEWe provide comprehensive due diligence services involving Business, Financial, Tax and Legal diligence (either in-house or through our network partners) to identify idiosyncratic business, financial risks and opportunities.

OUR APPROACH WHILE CONDUCTING A DUE DILIGENCE IS HOLISTIC AND BROADLY COVERS THE FOLLOWING ASPECTS:

Planning• Understand the business • Understand the deal drivers • Desktop research• Develop information requirement checklist Historical Analysis• Financial analysis of past performance • Quality of earnings and net assets base• Accounting policies and practices• Link to audited numbers

Visualize Future• Analysis of assumptions and business drivers• Trend analysis • Sensitivity analysis • Management discussions

CORPORATE LAW AND SECRETARIAL SUPPORTCorporate law today is a complex piece of legislation that governs the activities of not only domestic companies but also that of foreign companies setting up shop in India. At every step, corporates have to comply with the plethora of provisions contained in legislations such as Indian Companies Act, FEMA Compliances, SEBI Regulations.

We not only provide advice on ensuring compliance with these regulations but also provide secretarial support with respect to incorporation of subsidiaries anywhere in India.

MERGERS AND ACQUISITIONSThe need for business and financial restructuring and increased competition among domestic and global conglomerates has acted as a catalyst to spur Mergers & Acquisitions activity in India.

OUR SERVICES IN THIS SPHERE INCLUDE:

• Corporate and business restructuring involving business consolidations and/ or divestment for value accretion, unlocking value and future fund raising

• Group restructuring including form of corporate organization (corporate, limited liability partnership), shareholding rationalization and family arrangement

• Advice on capital and financial structuring for balance-sheet management, fund raising, exit strategy, cash repatriations and business tax planning

• Transaction advisory including mergers, acquisitions, de-mergers and business tax planning involving issues relating to direct tax, indirect tax, corporate laws, stamp-duty issues, FEMA and Competition Commission of India

• Domestic and cross border business and/ or corporate acquisition strategy involving valuations, due diligence (financial, tax and legal), negotiations financing, documentation support and transaction management

• Formulating ESOP plans and advising efficient implementation

• Business valuations and financial modelling

DAILY RIPPLES OF EXCELLENCE OVER TIME BECOME A TSUNAMI OF SUCCESSROBIN S. SHARMA

BUSINESS VALUATIONValuation as a practice requires high level of expertise. It is the direct link between the results of our work and the price a buyer or seller may pay or receive. Our analyses are suitable for a range of needs including purchase or disposal of investment instruments, financial reporting, performance measurement, raising debt or equity, loan reviews, strategic planning, reducing costs or maximizing value.

We leverage our unparalleled perspectives, innovation and scale to deliver leading valuation & advisory services, enabling our clients to make informed business decisions.

IMPORTANCE OF VALUATION REPORTS • Obtaining a fairness opinion on transaction to

satisfy regulatory requirements or corporate governance concerns

• Independent and objective advice, to determine the right price to pay or accept for a business

• Valuations of businesses, shareholdings, unquoted debt or equity instruments, goodwill, know-how, brands and other intangible assets

• Reliance on our opinion by the parties transacting or regulatory authorities such as SEBI, RBI and Income Tax authorities

• Advice for Joint Ventures / Alliances on equity splits at formation or exit in an

independent or advocate role• Support for litigation or arbitration, particularly

expert witness and adjudication work in business valuation disputes

• Purchase Price Allocation for IFRS & US GAAP• Impairment review of assets for IFRS & US GAAP• International Investments including highly-

leveraged businesses

OUR VALUATION APPROACH:

Identify details of transaction and business/ assets to be valued• Business details including products, markets,

management and financial data• Valuation details - which includes business/

assets, tangible/ intangible and ownership

Conduct market research and analysis• Industry structure and competitive landscape• Business risks and opportunities• Regulatory issues• Competitive position• Market and environment trends Determine appropriate valuation methodologies• Collating information• Methodology: which includes assets, earnings,

DCF, dividends and comparable transactions

Review comparable transactions/ market multiples• Transaction analysis of comparable businesses• Comparable public companies• Analysis of deals under negotiation

Modeling and valuation• Application of appropriate methodology • Integration of financial, market and asset

valuation data • DCF and sensitivity analysis

CORPORATEFINANCIAL ADVISORYFinance forms a basic ingredient for any growth objective. We have the right blend of people with requisite skills to render corporate finance services.

OUR SERVICES INCLUDE THE FOLLOWING:

• Fund raising - Venture capital and private equity• Advisory to private equity funds on fund

organization, identification of opportunities, due diligence, negotiations, documentation support and transaction management services

• Debt and private equity syndication• Structured finance• Domestic or cross border mergers and acquisitions

and joint venture financing• Structured products for promoter financing• Infrastructure, real estate funding, asset financing,

project financing• Structured products for balance sheet, capital

structure and liquidity management• Convertibles, ECBs and equity linked products• Business valuations and fair value opinion

Our team is fully equipped to devise financing solutions, arrange finance from various financial institutions, negotiate term-sheets and assistance in closure of documentation for seamless conclusion of the transaction.

RISK ADVISORYWe provide Risk Advisory services to assist clients enhance their risk management and stakeholder conformance while providing the foundation to achieve greater business performance. Our Risk Management team helps in better identifying, measuring and managing risk and enhancing the reliability of control systems and procedures.

Our Risk Advisory Services assist in mitigating the exposure to the business risks by proactively identifying the blind spots and helping the organization use them to its advantage. Our Services are specially designed to address the clients’ varying organizational needs. From enterprise-wide risk initiatives to corporate governance programs, to specific niche service solutions, our team will work with you to create strategic, practical and effective processes to minimize organizational risks & maximize business opportunities.

ASSURANCEA corporate’s journey to success is governed by increasingly complex and broadening regulatory requirements. We can assist you meet these demands by providing a timely and constructive challenge to management, a robust and clear perspective to the management, and transparent information to your stakeholders and investors.

As a firm, we have expert knowledge and extensive experience to help with complex reporting issues involving IND-AS, IAS, US-GAAP and IFRS.

WE PROVIDE THE FOLLOWING AUDIT AND ASSURANCE SERVICES:

Accounting compliance and reporting: We provide accounting and auditing guidance which constitutes valuable insights for audit committees, chief financial officers, controllers, financial reporting groups, and internal audit director

EXCELLENCE/ PERFECTION IS NOT A DESTINATION; IT IS A CONTINUOUS JOURNEY THAT NEVER ENDS. BRIAN TRACY

Financial advisory services: We can assist you anticipate the impact of key business decisions on your accounting and financial reporting. We have a multidisciplinary team of accounting, tax, and IT professionals with deep, sector-specific experience in managing the implementation of accounting changes, ranging from a single accounting standard to the full project planning

Fraud investigation and dispute services: We can assist you to manage risk, investigate alleged misconduct & fraud and measure the financial implications of disputes. If an instance of unusual financial activity is suspected, our team can conduct forensic investigations and third party due diligence by leveraging forensic technology to uncover any irregularities, keeping in mind the sensitivity and urgency required

Internal audit service: - In the advent of Companies Act 2013, it has become mandatory for various class or classes of companies to appoint an internal auditor. We provide internal audit services adding considerable value to our clients by way of providing recommendations for process improvements

PRIVATE CLIENT SERVICESOur experienced Private Client Services team provides advisory, tax compliance and business tax planning services to high net worth individuals, their family offices, investment funds and individuals involved in commercial transactions. With the businesses going global, people and capital are crossing borders more often than ever before, which brings them closer to the reach of tax authorities and legal enforcement. Having an advisor that offers complete range of financial and tax services in the jurisdictions where you have private and business connections is instrumental.

We also offer a wide variety of services that are associated with owning, managing and preserving businesses and wealth, including asset protection, family governance services, estate and succession planning, sensitive wealth transfers and philanthropic planning. Our goal is to ensure clients’ wealth is structured effectively for long-term preservation and in compliance with the demands of regulators. In this direction, we aim to provide more than just advice - we recommend solutions and help clients implement them.

With a global footprint in 110 countries and territories, we ensure that our clients get the best tax advice no matter where they live or invest.

GLOBAL MOBILITY SERVICESWe assist and advise multi-national corporations in dealing with challenges and complying with laws on in-bound and out-bound assignments of expatriate employees across the globe, specifically with reference to Indian taxation and social security laws. Our advisory and assistance specifically includes advisory on tax implications of secondment arrangements, withholding income tax implications and computations, implications under Provident Fund/ social security provisions applicable for international workers and corresponding computation of tax liability at the time of contribution and withdrawal, availability of any tax treaty benefits, assistance in necessary tax filings, representation before income tax authorities and appellate authorities, etc.

NOIDAA-109, Sector 136, Noida 201301, IndiaT: +91 120 2598000 DELHI (Registered office)B-27, Soami Nagar, New Delhi 110017, IndiaT: +91 120 2598000

GURGAON 912-914, Tower B, Emaar Digital Greens Sector 61, Gurgaon, Haryana, 122102 MUMBAI11th Floor, B Wing, Peninsula Business Park,Ganpatrao Kadam Marg, Lower Parel,Mumbai 400013, IndiaT: +91 22 61737000 DEHRADUNFirst Floor, “IDA” 46 E. C. Road, Dehradun 248001, Uttarakhand, IndiaT: +91 135 2716300, +91 135 2716301 SINGAPORE24 Raffles Place, #25-04A, Clifford Centre, Singapore 048621

nangia@nangia.com

nangia.com

NOIDA | NEW DELHI | GURGAON | MUMBAI | DEHRADUN | S INGAPORE

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