WORKSTREAM 01Specialist: CA / Financial Analyst
Financial Due Diligence
Examines the underlying quality of earnings, recurring revenue profiles, normalized EBITDA adjustments, working capital fluctuations, debt covenants, and cash runway.
Key Checklist Parameters:
• 3-Year Audited Financials
• Monthly MIS & P&L Analysis
• Normalised EBITDA Bridge
• Debtor Aging & Provisions
• Related-Party Transactions
• Bank Statements Reconciliation
WORKSTREAM 02Specialist: Tax Practitioner / CA
Tax Due Diligence
Assesses historical and pending tax compliance across direct income tax, withholding/TDS, and GST/VAT, identifying hidden exposures or pending dispute demands.
Key Checklist Parameters:
• GSTR-1, 3B & 9 Reconciliations
• Input Tax Credit (ITC) Scrutiny
• TDS Filing & Form 26AS Match
• Income Tax Assessment Orders
• Transfer Pricing Documentation
• Unclaimed Advance Tax Balances
WORKSTREAM 03Specialist: Practicing Company Secretary
Corporate & Secretarial DD
Reconciles statutory corporate records with the Registrar of Companies (ROC/MCA), verifying authorized vs issued capital, board resolutions, and statutory filings.
Key Checklist Parameters:
• Fully Diluted Cap Table Verification
• PAS-3 / SH-7 Allotment Forms
• ESOP Scheme & Grant Registers
• Board & AGM Minutes Ledger
• Director KYC & DIN Status
• Registered Charges / Satisfactions
WORKSTREAM 04Specialist: Corporate Legal Counsel
Legal Due Diligence
Reviews material commercial contracts, non-standard indemnity clauses, active and threatened litigations across courts, and regulatory compliance permits.
Key Checklist Parameters:
• Top Customer Master Service SLAs
• Supplier Agreements & Lock-ins
• Litigation & Court Record Search
• Change-of-Control Provisions
• Non-Compete & Exclusivity
• Statutory Licenses & Approvals
WORKSTREAM 05Specialist: IP Attorney
Intellectual Property DD
Evaluates the ownership chain, registration status, assignment deeds, and vulnerability of patents, trademarks, copyrights, domain names, and trade secrets.
Key Checklist Parameters:
• Registered Patent Portfolio
• Trademark Filing Opposition Status
• Founder & Contractor IP Assignments
• Third-Party Software Licensing
• Proprietary Algorithm Trade Secrets
• Infringement Claims & Disputes
WORKSTREAM 06Specialist: Commercial / Strategy Lead
Commercial Due Diligence
Analyses market size, customer cohort retention, sales efficiency, churn dynamics, pricing power, competitive positioning, and future revenue sustainability.
Key Checklist Parameters:
• Customer Churn & Cohort Retention
• Customer Concentration Index
• Total Addressable Market (TAM)
• CAC to LTV Payback Metrics
• Sales Pipeline Conversion Velocity
• Competitive Moat Assessment
WORKSTREAM 07Specialist: Chief Technology Architect
Technology & Cybersecurity DD
Assesses system architecture scalability, codebase hygiene, cloud infrastructure expenses, dependency on deprecated libraries, and cybersecurity safeguards.
Key Checklist Parameters:
• Architecture & Tech Stack Audit
• Open-Source (GPL/MIT) License Scan
• Technical Debt & Refactoring Needs
• Infrastructure Auto-Scale Health
• Penetration Test & Vulnerability Logs
• Disaster Recovery & Backups
WORKSTREAM 08Specialist: HR & Employment Counsel
HR & Talent Due Diligence
Reviews key leadership employment terms, golden parachutes, employee turnover rates, ESOP vesting status, and mandatory provident fund / gratuity obligations.
Key Checklist Parameters:
• Founder & C-Suite Agreements
• Non-Compete & Non-Solicit Clauses
• Gratuity & Actuarial Valuation
• PF, ESI, and Labour Compliances
• ESOP Scheme Pool & Vesting
• Contractor vs Employee Risk
WORKSTREAM 09Specialist: Registered Valuer (IBBI)
Valuation & Financial Modeling
Provides rigorous valuation benchmarking using Discounted Cash Flow (DCF), Comparable Company Multiples, and precedent transaction analysis for regulatory and transaction needs.
Key Checklist Parameters:
• Financial Projection Stress Testing
• DCF Model Sensitivity Analysis
• Trading Multiples Benchmarking
• FEMA / Rule 11UA Compliance
• Intangible Asset Valuation
• Pre-Money / Post-Money Waterfall
WORKSTREAM 10Specialist: Industry Sector Expert
Domain & Sector Due Diligence
Tailored scrutiny across specialized sectors (e.g. Fintech, Medtech, Spacetech, Agritech, Defense, Manufacturing) covering sector-specific regulatory bodies and operating hurdles.
Key Checklist Parameters:
• RBI / SEBI / IRDAI Regulations
• Clinical Trial & CDSCO Filings
• Factory Act & Environmental Licenses
• Export-Import (EXIM) Mandates
• Industry ESG & Carbon Disclosures
• Government Grant Benchmarks