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COMPANY PROFILE

G. K. Choksi & Co. (GKC) has had a long and prestigious history. Since the firms formation in 1972,
GKC has prided itself on values such as competency, professionalism, responsibility and
accountability, honesty, integrity and dedication, values which have been critical to our continued
growth and success.

An era of expansion began in early 90s with Globalization which saw India emerge on a global
platform. GKC evolved with this growth and today it stands with more than work force of more
than 200 individuals and four offices with one each in the commercial capital and political capital,
catering to domestic, national and transnational organization needs. In its endeavor to service its
existing clients effectively and efficiently and to increase its presence in countrys capital, GKC
established a branch in New Delhi. Our team comprising of professionals, work on daily basis to
provide our client with value added services in the areas of audit, tax, accounting consultancy,
litigation support, startup services.

As trusted advisors, we strive to attract and develop, the best professionals, to provide value
added services to our clients in making the best financial decisions possible. We have maintained
standards for Continued Professional Education and awards from ICAI are testimony to that fact.
G. K. Choksi & Co. has a tradition since 1972 of providing high personalized service. While we have
experienced many changes, our philosophy and goal remain the same, to serve our clients
earnestly, with concern for their best interests, consistent with our responsibilities to the public.
G. K. Choksi & Co., Chartered Accountants 2
BRIEF INFORMATION

Established in the year 1972

Head Office :

- Ahmedabad

Branches

- Mumbai

- New Delhi

- Petlad

Work Force

- Partners - 9

- Chartered Accountants and Other Professionals - 54

- Staff Personnel including Trainees - 160


Partners
Partner Qualification Experience (Years)

Gautam K. Choksi B.Com, FCA 42

Rohit K. Choksi B.Com, FCA 34

Vinaykant C. Shah B.Com, FCA 42

Jayvant D. Patel B.Com, FCA 32

Sandip A. Parikh B.Com, L.L.B, FCA 25

Shaunak Muzumdar B.Com, FCA 29

Shreyas V. Parikh B.Com, FCA 32

Manan G. Choksi M.Com, LLB, ACA, CISA, DISA 9

Vartik R. Choksi M.Com, ACA, CPA 9


Partners Profile
GAUTAM K. CHOKSI

The Group was founded and is chaired by Mr. Gautam Choksi, a


well-known figure in Professional, trade and industrial circles. Mr.
Choksi is a fellow member of the Institute of Chartered Accountants
of India (ICAI).

He has pioneered efforts in areas of Alternate Dispute


Resolutions and has delivered successful results for several clients.

His strength lies in maintaining integrity and delivering client


satisfying services. His vision is to transform the entire practice into a
platform of quality driven service industry.

He has held leadership roles and has been in the forefront in articulating group
philosophy and values and believes in a team building approach. He serves on the boards
of several renowned public companies.

ROHIT K. CHOKSI

Mr. Rohit Choksi heads the Tax & Business Advisory division for
the company and specializes in international taxation, mergers and
acquisitions, foreign investment consulting and exchange control
regulations.

He has assisted transnational organizations and leading Indian


organizations across sectors such as pharmaceuticals, infrastructure
and Export Trading House, Fast Moving Consumer Goods, Information
technology, IT Enabled Services and Financial Services, on complex
tax and regulatory matters.

Member of the Indian Council of Arbitration and is also on the Panel of Arbitrators of
the Council.

He is currently Chairman of the Legal and Representation committee of Ahmedabad

Chartered Accountant Association.

Member of the Executive Committee of Income Tax Appellate Tribunal Bar Association.

Chaired various committees of Chartered Accountants Association, Ahmedabad and


G. K. Choksi & Co., Chartered Accountants 5
Partners Profile
VINAYKANT C. SHAH

Mr. Vinaykant Shah leads the Tax and Business Advisory


practice. Leading domestic and multinational corporations have
leveraged his expertise in conceptualizing capital structures,
knowledge of regulatory framework, and advice on direct taxation
(domestic and international). He has a rich blend of consulting and
industry experience.

An eminent speaker and author on tax and regulatory issues, he


has regularly contributed to a leading publication on contemporary

tax issues the Current Tax Reporter (CTR)

His strong belief in fundamental knowledge has enabled him to set up various
accounting systems for startup organizations.

Holds directorship of reputed companies and is also a trustee of a charitable trust.

JAYVANT D. PATEL

Mr. Jayvant Patel specializes in Tax Regulations, Internal Audits,


Due Diligence Reviews, Systems Analysis and Design and other
areas of the organizations Management Assurance discipline.

He has pioneered efforts in areas of Alternate Dispute


Resolutions and has delivered successful results for several clients.

He brings wide expertise in the Infrastructure, agrochemicals


and pharmaceutical Industries.
G. K. Choksi & Co., Chartered Accountants 6
Partners Profile
SANDIP A. PARIKH

Mr. Sandip Parikh has a distinguished track record of service to


several leading global organizations providing expert counsel in
addressing a gamut of domestic and cross-border tax issues
encompassing transfer pricing regulations applicable to
multinational corporations.

Prior to joining G. K. Choksi & Co., Mr. Parikh was the proprietor
of the accounting firm S. A. Parikh & Co. He serves as a Director on
the Board of several companies and on the committees of various

business and social organizations.

Member of the Indian Council of Arbitration

SHAUNAK V. MUZUMDAR

Mr. Shaunak Muzumdar advises client companies in the consumer


products, chemicals, agro chemicals and in the construction and
infrastructure industries, on Tax Audits, Tax dispute resolution,
Search and Seizure Cases.

SHREYAS V. PARIKH

Over the past years, he has assisted transnational organizations


and leading Indian enterprises across sectors such as pharmaceutical,
infrastructure, FMCG, Software and IT enabled services, etc. on
regulatory, financial and business advisory related matters.

His experience inter alia includes advising on transaction


structuring including mergers, acquisitions, divestitures, corporate
restructuring, capital restructuring, foreign investment consulting,
advice on technical collaborations, cross-border taxation, contract

structuring and negotiations.

G. K. Choksi & Co., Chartered Accountants 7


Service Areas

Audit and Assurance

Statutory Audits (Public and Private Companies)


Tax Audits and Internal Audits
Inspection and Investigation Audits
Reviews and Compilations and Attestation Services
Establishing and Reviewing Internal Controls Systems
Corporate Governance Compliance
Defining Standard Operations Processes and BPR
Interpretation of Indian Accountancy Standards & IFRS

Tax and Litigation Support

Domestic
Domestic Tax Planning and Consultancy

Tax Administrations including submission of Tax


Returns Assessment Proceedings including
submissions

Tax Advise relating to Amalgamation and


Mergers Search, Seizure and Survey proceedings

Settlement Commission petition and


proceedings Income Tax Appellate Tribunal
proceedings

Commissioner of Income-tax proceedings

International
International Tax Planning and Consultancy

Consultancy on Double Tax Avoidance


Agreement Drafting petition for Advance Rulings

Transfer Pricing and Specified Domestic Transactions

Indirect Tax
Service Tax Compliance and Consultancy

Value Added Tax Compliance and Consultancy

Corporate and Other Laws

Formation of Companies, Public and Private


Incorporation of LLP
Conversion of Partnership Firms to Companies
Statutory Due Diligence Reviews
SEBI Compliance
Compulsory and Voluntary Liquidation Procedures
FEMA and RBI Compliance on FDI
Section 25 Companies and Electoral Trust

Transaction Processing and Advisory

Pre-deal Evaluation
Identifying key risks and potential deal breakers
Transaction Evaluation
Structuring the Deals
Assistance in Negotiations and Managing the Deal
Prospective Reporting

Audit & Assurance


We conduct attestation of Financial Statements and integrated audit service as part of our
Audit and Assurance Process. We work with clients to improve financial reporting processes
and to comply with Accounting Standards, Audit Assurance Standards and the various
provisions of applicable laws. As one of the largest firm, we take pride in tailoring our
approach to meet the particular needs of our clients. We recognize that to deliver a truly
quality financial statement audit, we must look beyond the accounting entries to the
underlying activities an operations that give rise to them.

Our Audit Department delivers on a timely basis a full range of valued added assurance services:

Statutory Audits (Public and Private Companies)

Tax Audits and Internal Audits

Inspection and Investigation Audits

Reviews and Compilations and Attestation Services

Establishing and Reviewing Internal Controls Systems

Corporate Governance Compliance

Defining Standard Operations Processes and BPR

Interpretation of Indian Accountancy Standards & IFRS


Tax & Litigation Support
Managing companys tax strategy in the wake of todays labyrinthine Tax Laws, Rules , Regu-
lations and Procedures can drain time, money and resources. At G. K. Choksi & Co., Erudite
Tax Professionals, will complement your team with our compliance services and customized
tax planning advice and formulations of Strategies.

Our hands-on client oriented comprehensive tax counseling approach to preserve wealth,
maintain tax compliance and optimize tax outflow is unique and premier.

Domestic

Identifying key risks and potential deal breakers


Domestic Tax Planning and Consultancy

Tax Administrations including submission of Tax Returns


Assessment Proceedings including submissions

Tax Advise relating to Amalgamation, Mergers and Takeovers


Search, Seizure and Survey proceedings

Settlement Commission petition and proceedings


Income Tax Appellate Tribunal proceedings

Commissioner of Income-tax proceedings

International

International Tax Planning and Consultancy

Consultancy on Double Tax Avoidance Agreement

Drafting petition for Advance Rulings for Foreign Corporate Companies and NRIs
Transfer Pricing Consultation including Specified Domestic Transactions

Indirect Tax

Service Tax Compliance and Consultancy

Value Added Tax Compliance and Consultancy

G. K. Choksi & Co., Chartered Accountants 15


Corporate Law & Other Laws
Our team delivers value by providing independent advice to public, private and not-for-profit
organizations. Our specialists combine insight and innovation from multiple disciplines with a
backed by business and industry knowledge. Equipped with experts of in the areas of various
discipline, our startup and legal department delivers value added services on

timely basis.

Formation of Companies, Public and Private

Incorporation of LLP

Conversion of Partnership Firms to Companies

Statutory Due Diligence Reviews

SEBI Compliance

Compulsory and Voluntary Liquidation Procedures

FEMA and RBI Compliance on FDI

Section 25 Companies and Electoral Trust

Transaction Advisory Services


We gain an understanding of your purpose in making the acquisition. We help you discover
the risks associated with your target. We consider local and cross border tax issues. We clarify
potential integration problems and help develop an integration plan. We look for purchase
price latitude and help you structure an optimal bid. With our understanding of your short and
long-term goals, we can identify potential accounting, tax and reporting issues to consider in
structuring the transaction.

Our Transaction Services includes:

Pre-deal evaluation

Identifies key risks and potential deal breakers

Analyze targets strengths and weaknesses against industry benchmarks.


Evaluates potential investment in context of you existing business.
Transaction evaluation

Gathers, analyses and interprets financial, commercial and tax information in detail.
Serves both buyers and sellers.

Analyses past and current performance patterns.

Structuring the deals

Analyze acquirers current position and commercial objectives.

Evaluate tax and exchange management regulatory framework to achieve desired


investment level.

Determine most favorable accounting and tax treatment.


Provide inputs for drafting key agreements.
Assistance in negotiations and managing the deal

Discussing the valuation.

Negotiation of financial terms.


Outlining preferable terms.

Briefly describing tax and accounting consequences of each proposal.


Suggesting counter proposal alternatives.

Attending and assisting in all negotiating sessions leading to a transaction.

Prospective reporting
Evaluation of the preparation, underlying assumptions and presentation of the
prospective financial statements
G. K. Choksi & Co., Chartered Accountants 17
Our Assurance practice provides high quality, independent audit services that
transcends beyond conventional financial reporting. We invest time and efforts to
understand clients business and needs and identify the key drivers, risks and
opportunities. A comprehensive second partner review of audit engagement helps
to assure you of your business scenario.
Refined over years, we deploy robust audit methodologies and bring in decade
s of insightful experience. Our people are highly skilled and trained to nderstand
the nitty-gritties of your business and handle complexities. We employ people
development programs to stay abreast of key issues, global best practices and
latest technical updates (be it Accounting Standards or government otifications).
Our independent opinions, strong competency, value-addition approach and
partnership philosophy makes us highly respected by our clientele, who range
from PSUs, listed companies to SMEs.

Assurance
Government/ Public Sector
Undertaking (PSU) Audits
Statutory Audits
Tax Audits under Income Tax Law
Tax Audits under VAT Law
Internal & Concurrent Audits
ABC Audits
Investigation Audits
Certification Services

Businesses increasingly find it difficult to keep up to the myriad and


abstruse taxation system. With growing impact of multiple and ever-
changing tax jurisdictions, we help our clients to identify, minimise and
manage the incidence of such taxes within the framework of applicable
laws. We provide a comprehensive and practical Tax solutions emanating
from our highly specialised and leading Indirect and Direct Tax practices.
Auto / Auto Ancillary

Amtek Auto Limited

Amtek India Limited

Ahmednagar Forgings Limited

Banco Products India Limited

Banco Gaskets India Limited

Banco Aluminium Limited

Nederlandse Radiateuren Fabriek B.V.

Banks & Financial Services

Edelweiss Financial Advisors Limited

Gujarat Venture Capital Limited

Kunvarji Commodities Private Limited

Adani Agro Private Limited

AMPLUS Capital Advisors Private Limited

Dena Bank Branch Audits

Bank of Baroda Branch Audits

National Multi-Commodity Exchange


Chemicals & Fertilisers

Gujarat State Fertilizers & Chemicals Ltd.

Gujarat Narmada Valley Fertilizers Co. Ltd

Kribhco Shyam Fertilizers Limited

Meghmani Organics Limited

Shri Chlochem Limited

Pratiksha Chemicals Limited

Associated Dyestuff Private Limited

Hari Orgochem Private Limited

Dynamic Industries Limited

Wellcol Chemicals Private Limited

Diamond & Jewellery

Bhavani Gems

Damodardas Jewellers

Dharmanandan Diamonds Private Limited

Hare Krishna Diamonds (KISNA)

Godhani Gems

Tanvirkumar Group (Moksh)

Star Gems

M. R. Soni Private Limited

RBZ Jewellers Private Limited


G. K. Choksi & Co., Chartered Accountants 19
Education

K. M. Shah Charitable Trust

Dr. D. Y. Patil University

Dr. D. Y. Patil Medical College, Navi Mumbai

Dr. D. Y. Patil Medical College, Pune

Dr. D Y Patil Dental College, Navi Mumbai

Anagram Knowledge Academy Limited

Dharmasinh Desai Institute of Technology

Udgam School

C. N. Vidhyalaya

Rohilkhand Educational Charitable Trust

Pratham Educational Initiative

Engineering / Mining

Gujarat Mineral Development Corp. Limited

Adani Mining Limited

Gujarat NRE Coke Limited

Advanced Well Technologies Pty ( AWT )

Stalmac Engineering Private Limited

Patels Airtemp (India) Limited

Satelec (India) Private Limited

Chem Process Private Limited

Oriental Manufacturers Private Limited


G. K. Choksi & Co., Chartered Accountants 20
Hospitality

Shiv Regency Group

Royale Manor Hotels & Industries Limited

Bhagwati Hotels & Recreation Limited

Cambay Hotels Limited

Pacifica Hotels (Hyderabad Proj.) P. Limited

Unique Mercantile Private Limited

Pearls Hotels Private Limited

Karnavati Aviation Private Limited

Oriental Hospitality Private Limited

Healthcare

Shalby Hospitals Ltd., Ahmedabad

Jehangir Hospital, Pune

Asian Bariatrics Pvt. Ltd., Ahmedabad

Vrundavan Hospitals Pvt. Ltd., Goa

Kusha Health Care Pvt. Ltd., Vapi

Yogeshwar Healtcare Private Limited

Jivraj Mehta Charitable Trust, Ahmedabad

Vasant Nature Cure, Ahmedabad


Infrastructure

Port

Adani Port & Special Economic Zone Ltd.

Hazira Port Private Limited

Murmugao Port Terminal Private Limited

Adani Hazira Port Private Limited

Adani Petronet (Dahej) Port Private Limited

Adani Intl Container Terminal P. Limited

Water Management (Irrigation)

Sardar Sarovar Narmada Nigam Limited

Gujarat Water Resources Devel Corp Ltd.

Doshion Veolia Water Solution P. Ltd.

Doshion Limited

Telecom

BSNL (Gujarat Telecom Circle)

Vodafone Essar Limited

Industrial Constructions

Desai Constructions Private Limited

PMC Projects India Limited

GIFT ICT Services Limited

Adani Infrastructure Limited

Powergen Infrastructure LLC

Gujarat Industrial Development Corporation

L & T Rajkot Vadinar Tollway Limited

ANC Contracting Private Limited


HCP Design & Project Management P. Ltd.

Environmental Planning Collaborative


IT / ITES Services

Polaris India Limited

Vora Tech Ventures LLC

C-Sam Inc.

C-Sam Solutions Private Limited

Ascendum Solutions Private Limited

Ascendum KPS Private Limited

Infostretch Solutions Private Limited

Polaris Software Limited

Talent now Services P,.Ltd.

Logistics

Adani Agri Logistic Limited

Adani Logistic Limited

Inland Conware Pvt. Limited

Inland Conware (Ludhiana) Pvt. Limited

Sequel Logistic Limited

S. K. Logistics (S. K. Group)

Jaishu Shipping Company Private Limited


Oil & Gas

Indian Oil Corporation - Salaya Mathura Pipeline

Oil and Natural Gas Corporation ( ONGC )

Chem Oil Adani Limited

Adani Welspun Exploration Limited

Nova Petrochemicals Limited

Chiripal Petrochemicals Limited

Manufacturers (Various Sectors)

Hitachi Home and Life Solutions Limited

Arcoy Industrial Cements Private Limited

Vimal Dairy Limited

Vimal Oil & Foods Limited

Arcoy Bio Refinery Limited

Astral Poly Limited

Praj Industries Limited

Adani Wilmar Limited

Chem Process Private Limited


Biotech Vision Care Private Limited
Pharmaceuticals

Torrent Pharmaceuticals Limited

Intas Pharma Limited

Aris Pharmaceutical Private Limited

Ambalal Sarabhai Enterprises Limited

Sidmac Laboratories Limited

Pharmanza Herbal Private Limited

West Coast Pharmaceuticals Limited

Pharma Lab (India) Private Limited

Lincoln Pharmaceuticals Limited

Sevak Pharma Private Limited

Power

Gujarat State Elect.Corp. Ltd. (GSECL)

CLP India Private Limited

Torrent Power Limited

Adani Power Limited

Adani Power Maharashtra Private Limited

Renew Power Ventures Private Limited

Mundra Utilities Private Limited

Swan Energy Limited

CLP Wind Farms India Private Limited

Jhajjar Power Limited


CLP Power India Limited

Bebra Biogas Holding AG

Real Estate

Adani Township & Real Estate Company

HN Safal Group

B Safal Group

Goyal Group of Companies

Gala Builders Private Limited

426 Developers

Stewart Silver King and Burns (Australia)

Deep Group of Companies

Savy Infrastrucure

Dev Group of Companies

Reniwal Group (Mumbai)

REMAX India Limited

Microtek Builders, Delhi

Steel

Ratnamani Metals and Tubes Limited

Welspun Gujarat Stahl Rohren Limited

Raviraj Foils Limited

Sirhind Steel Limited


Silvasa Metals

Hariyana Group

Action Ispat Limited

Inducto Steel Limited

Remi Metals Limited

Welspun Corp Limited

Stock Broking

ASE Capital Market Limited

Motilal Oswal Securities Limited

SSKI Investor Services Private Limited

Edelweiss Securities Limited

Edelweiss Stockbroking Limited

Bonafide Stock and Capital Private Limited

Kunverji Finstock Private Limited

Monarch Projects and Finmarkets Limited

National Multi Commodity Exchange

Madhuvan Securities Private Limited

H. B. Mehta Shares & Stockbrokers P. Ltd.

Textile

Arvind Mills Limited

Arvind Product Limited

Ashima Group of Industries


Shree Dinesh Mills Limited

Raghuvir Synthetics Limited

Raghuvir Exim Limited

Madhu Silk Private Limited

Chiripal Group of Industries

Jindal Textile Group

Swan Mills Limited

Garden Silk Mills Limited

Welspun Corporation Limited


Trading

Adani Enterprise Limited

Adani Global FZE

Adani Wilmar PTE

Adani Global (Mauratius) Limited

Adani Global PTE

JCS India Limited

Somabhai Tea Processors Private Limited

Satelec (India) Private Limited

Arcoy Overseas Private Limited

Miscellaneous

Transatlantic Packaging Private Limited

G. B. Packaging

Hariyana Group

National Insurance Company Limited

United India Insurance Company Limited

Oriental Insurance Company Limited


AHMEDABAD
Madhuban,

Nr. Madalpur Underbridge, Ellisbridge, Ahmedabad 380 006

Phone: +91 79 2644 8877, 3001 2009 Fax: +91 79 2656 9929
info@gkcco.com

MUMBAI
708, Raheja Chambers,
Nariman Point,

Mumbai - 400 021

Phone: +91 22 6632 4446, 6632 4447 Fax: +91 22 2288 2133
mumbai@gkcco.com

DELHI
207, Tolstoy House,
Tolstoy Marg Janpath,

New Delhi 110001

Phone: +91 11 4371 7773 Fax: +91 11 4371 7774


delhi@gkcco.com

PETLAD [GUJARAT]
Surya Bhavan,
Station Road,

Petlad 388 450

Phone: +91 2697 309 214 petlad@gkcco.com

G. K. Choksi & Co. Alumni Association