Audit • Taxation • GST • Advisory
Partner-led audit, tax, and advisory support for growing businesses
We help promoters, CFOs, and finance teams improve reporting confidence, compliance discipline, and decision quality with practical, partner-led execution.
Why Management Teams Choose Us
Commercially aware advice with disciplined professional execution
We work best with businesses that need clearer reporting, better compliance structure, stronger internal review, and dependable partner involvement across critical finance matters.
Partner-led
Practical advice
Control-focused
Responsive support
Sector-aware
Decision-ready insight
About the Firm
Moving businesses from reactive compliance to operating discipline
VARAIYA & SHAH LLP supports businesses that need more than routine filing and surface-level review. Our role is to bring structure, interpretation, and dependable execution to areas where finance, compliance, reporting, and governance intersect.
We work closely with promoters, CFOs, and finance teams who want clarity on what matters, where risk is building, and how to improve control without making the business harder to run.
Learn more about our approach →Core Strengths
Reporting confidenceSharper review quality and clearer management visibility.
Compliance disciplineBetter ownership, cleaner routines, and fewer avoidable surprises.
Practical adviceProfessional input that fits real business conditions.
Core Practice Areas
Four focused service verticals delivering commercial clarity
Audit & Assurance
Independent statutory audit, internal audit, tax audit, and Internal Financial Controls (IFC) reviews conducted under ICAI Standards on Auditing to strengthen reporting integrity and board visibility.
Statutory & Tax Audits
Internal Audit & IFC / ICFR
Operational & Process Audits
Partner-Led Management Letters
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Taxation & GST
Comprehensive direct tax planning, GST return reconciliations, scrutiny defense, and appellate representation structured around defensible positions and statutory compliance.
Direct Tax Advisory & Filings
GST Reconciliations & ITC Optimization
Scrutiny & Assessment Representation
Tax Health-Checks & Refund Support
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Accounting & Advisory
Virtual CFO leadership, MIS dashboard architecture, financial close acceleration, and working capital supervision for mid-market enterprises.
Virtual CFO & Financial Leadership
Financial Close & Year-End Finalization
Working Capital & Cash Flow Governance
Board & Stakeholder Reporting Packs
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Risk, Controls & Compliance
Standard operating procedure (SOP) design, Delegation of Authority (DoA) matrices, Maker-Checker segregation, and statutory compliance calendars.
SOP Development & Process Mapping
Delegation of Authority (DoA) Matrices
Statutory Compliance Health-Checks
Fraud Prevention & Maker-Checker Controls
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Sector Experience
Industry context that shapes how advice is delivered
Manufacturing & Trading
Audit, GST, and working capital advisory for inventory-heavy, multi-location manufacturing plants and trading houses.
See sector perspective →Real Estate & Infrastructure
Specialized assurance, RERA escrow monitoring, and project taxation advisory for builders, developers, and infrastructure contractors.
See sector perspective →Startups & Professional Services
Finance infrastructure, unit economics reporting, ESOP advisory, and funding diligence readiness for high-growth tech ventures and consulting practices.
See sector perspective →Healthcare, Retail & Consumer
High-frequency transaction controls, POS and payment gateway reconciliations, multi-store shrinkage audits, and multi-state GST compliance.
See sector perspective →Firm Leadership
Partner-led professional involvement across every assignment
CA Rajeev Varaiya, FCA
Senior Partner | Direct & Indirect Tax Leader
A Fellow Chartered Accountant (FCA) with over 45 years of practice rooted in South Mumbai's commercial and financial corridor. Specializes in Direct Tax, Sales Tax, VAT, and GST transition. Acts as senior counsel for long-standing family business groups, handling complex tax dispute resolution, scrutiny assessments, and appellate representations before tax authorities.
Direct Tax Advisory
GST & VAT Transition
Appellate Representation
Tax Dispute Resolution
Family Business Tax Structuring
CA Jayesh Shah, FCA
Partner | Audit, Assurance & GST Leader
A Fellow Chartered Accountant (FCA) with nearly 28 years of extensive experience across Statutory Audits under the Companies Act 2013, Tax Audits under Section 44AB, and Corporate Assurance. Leads the firm's GST practice and Internal Financial Controls (IFC/ICFR) review assignments, bringing disciplined methodology and practical governance insight to growing enterprises.
Statutory & Tax Audit
Internal Financial Controls (IFC)
GST Compliance & Filings
Corporate Governance Review
Risk Management Systems
CA Yogesh Kalekar, ACA
Partner | Audit Execution & Indirect Tax
An Associate Chartered Accountant (ACA) with over 8 years of specialized focus on audit execution discipline, indirect tax compliances, and client process reviews. Oversees digital reconciliation frameworks, field audit teams, and day-to-day statutory adherence, ensuring meticulous documentation trails and adherence to ICAI standards.
Audit Fieldwork Supervision
Indirect Tax & ITC Verification
Client Accounting Reviews
Statutory Compliance Calendars
Documentation Integrity
Thought Leadership & Alerts
Practical insights and regulatory updates for management
Quarter-end compliance readiness for fast-growing companies
A practical framework for improving ownership, timelines, and review quality before reporting pressure peaks.
Read full insight →How internal audit can strengthen governance in family-led businesses
How review structure can improve accountability and decision quality without making the business feel over-engineered.
Read full insight →GST process checkpoints that reduce avoidable disputes
A concise look at reconciliations, documentation, and operating checkpoints that deserve management attention.
Read full insight →Client Perspectives
What management teams value most in our work
"VARAIYA & SHAH LLP brought immense clarity to our statutory audit and internal financial controls. Their partner-led reviews identified tangible process improvements across our manufacturing plants."
CFO — ₹250+ Cr Engineering & Industrial Manufacturing Group, Mumbai"Their mastery of RERA escrow compliance and real estate taxation helped us navigate complex joint development projects with complete regulatory confidence."
Director of Finance — Leading Mumbai Real Estate & Infrastructure Developer"As a fast-growing platform, we needed finance discipline without bureaucratic slowing down. Their Virtual CFO and compliance support was instrumental during our institutional funding rounds."
Co-Founder & CEO — Tech-Enabled Enterprise Logistics Platform"The daily POS reconciliations and multi-state GST framework established by the firm gave our executive management team total transparency across our retail network."
Head of Finance — Multi-Location Healthcare & Retail Consumer ChainStart the Conversation
Looking for a more structured professional relationship?
We partner with businesses seeking dependable audit, tax, compliance, and advisory support with direct partner accessibility.