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Corporate finance and value creation for the Indian market

Alehar works with Indian companies, founders and investors across the full corporate finance cycle: growing the value of the business, running the finance function as the company scales, and preparing for fundraising, cross-border deals and M&A.

Market context

How we work with companies in India

Most Indian mid-market companies are promoter led, and that shapes every transaction: investors and buyers look hard at governance, related-party arrangements and how the business runs beyond the founder. The finance function usually trails the business itself; audited statements lag, receivables and GST compliance stretch working capital, and institutional diligence tests all of it. The buyer and investor pool runs in both directions: domestic strategics, PE and VC on one side, global acquirers and funds entering India on the other, with foreign investment rules that vary by sector. We work with promoters and finance teams across the full cycle: professionalising reporting and investor relations, preparing institutional fundraises, and running sale or acquisition processes in India.

When clients come to us

  • 01Your audited numbers lag the real business, and a fundraise or sale is getting close.
  • 02Your company is scaling faster than the finance function, and you need reporting, forecasting and KPIs without building a full team.
  • 03You're fielding acquisition interest, planning an exit, or acquiring in India or abroad.
  • 04You're an investor who needs on-the-ground support on financial quality, diligence or value creation in an Indian portfolio company.

Common questions

Both. We help grow the value of the business and run the finance function day to day (reporting, forecasting, KPIs, investor relations), and we lead the fundraise, sale or acquisition when the moment comes.
Beyond the numbers, they focus on how the business runs without you. Expect diligence on governance, related-party transactions, family arrangements inside the company, and the depth of the team below the promoter. None of this is disqualifying; it is preparation. We work with promoters to tidy related-party positions, strengthen the reporting the business produces without the promoter in the room, and frame the transition story before investors or buyers ask for it.
It is normal, and it is manageable if you close the gap before diligence does. Indian companies often run well ahead of their audited numbers, so investors lean on management accounts, GST filings and bank statements to test the real trajectory, and those sources need to agree with each other. We build the reconciliation between audited statements, management numbers and filings, so diligence ends up confirming the growth story instead of questioning it.
In most sectors yes, with rules that vary by industry: some allow foreign investment freely, others cap it or require approvals. For a seller, this affects who belongs on the buyer list and how the process is sequenced, because the strongest bidder is worth little if their route to approval is slow or uncertain. We build the buyer list with those routes in mind and work alongside your Indian counsel on the regulatory path.
The pools overlap more every year, but they behave differently: domestic funds move on market knowledge and relationships, global funds bring larger cheques and longer diligence, and many Indian companies end up with both across successive rounds. What matters is matching the investor type to your stage and sector, and preparing to the standard of the most demanding name on the list. We run the process in India, with reach into both pools.
A short note on what you're trying to do, your latest accounts, a recent forecast or model if you have one, any investor or buyer materials, and the deadline or decision you're working toward.

Let's talk about your next move in India

Tell us what you're working on. We'll tell you how we'd approach it. We respond within 24 hours.

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Some services described on this page may be regulated activities in certain jurisdictions. Alehar provides services only where legally permitted. See our Disclaimer.