HSJM & Associates — Chartered Accountants Mumbai | FEMA, International Tax & Transaction Advisory

HSJM & Associates
Chartered Accountants

HSJM & Associates brings extensive experience in structuring large and complex transactions across diverse industries. From corporate tax and regulatory compliance to cross-border structuring and M&A advisory, we help businesses navigate intricate challenges with clarity and confidence. Our approach combines deep technical expertise with research-driven practical insights to deliver bespoke, strategic, and implementable solutions.

Expert Legal &
Financial Guidance

Professional advisory services tailored for your business success. We provide strategic solutions for complex financial and regulatory challenges.

Our Services

Beyond Compliance
and Towards Value Creation

Your reliable partner for navigating taxation, compliance and regulatory challenges with unwavering integrity and professional excellence.

About

Who we are

Multi-disciplinary professional firm committed to professional integrity and quality service.

H S J M & Associates, Chartered Accountants, is a multi-disciplinary professional firm serving businesses, entrepreneurs, family offices, and corporate groups across various sectors. The firm provides services in the areas of Assurance & Advisory, Corporate Taxation, Regulatory Compliance, Mergers & Acquisitions, Due Diligence, Transaction Advisory, and Business Structuring.

Whether you are making an acquisition, going through a merger, planning an IPO, succession planning, fundraising or restructuring your business in India or overseas, we work with you to achieve optimal outcomes aligned with your objectives.

Enable businesses to confidently navigate global financial & regulatory complexity.
Long-term client relationships built on trust, responsiveness and deep understanding.
Strategic, tailored advisory to identify growth, manage risk and strengthen competitive position.
Strong belief in the potential of emerging markets — helping clients capture new opportunities for sustainable growth.

Our leadership blends deep knowledge across finance, taxation and advisory. A collaborative approach fosters a culture of excellence and drives client success in a competitive landscape.

Mr. Hiten Sarvaiya

Partner · 16+ Years

Specialises in Transaction Planning and Corporate Restructuring.

Mr. Jay Mehta

Partner · 10+ Years

10+ years of industry experience in Audit, Assurance and Tax Advisory.

Engagement Methodology

At H S J M & Associates, every client engagement is driven by a deep understanding of the client’s business, objectives, and commercial realities.
We believe that no two businesses are alike, and therefore our solutions are carefully tailored to address specific challenges and opportunities.
By maintaining close collaboration and responsiveness throughout the engagement, we build long-term relationships founded on trust, transparency, and value creation.

"A Great Accountant doesn't just close the books; they Open Possibilities." — Victor Langley

We go beyond conventional advisory by partnering with clients in their growth journey.

We assist clients in evaluating business, financial, tax, and regulatory considerations arising from expansion initiatives, business reorganizations, cross-border investments, fundraising activities, and strategic transactions. Our services involve analysing relevant commercial and regulatory aspects and providing advisory support based on the specific requirements of each engagement.

Our approach combines technical expertise

With strategic insight to help clients identify opportunities
Optimize efficiencies
Navigate evolving regulatory environments with confidence.

Our services are designed to provide comprehensive support across the entire lifecycle of a transaction or business initiative.

We provide advisory and implementation support in relation to transactions and business initiatives. Our services may include transaction structuring, preparation and review of documentation, analysis of tax and regulatory considerations, coordination with stakeholders, and assistance with implementation requirements.

Depending on the nature of the engagement, we assist clients in evaluating proposed structures, understanding applicable legal and regulatory requirements, and addressing matters arising during the execution of the transaction or arrangement.

Research & Analytical Approach

Our engagements involve the analysis of financial, tax, regulatory, and commercial considerations relevant to the specific facts and circumstances of each assignment. We adopt a structured approach that includes research, evaluation of available alternatives, and assessment of applicable legal and regulatory requirements.

The objective of our analysis is to assist clients in understanding the implications of proposed transactions, business arrangements, and regulatory developments, thereby supporting informed decision-making.

"Sound decisions are built on careful analysis and informed judgment."

"If you are working on something exciting that you really care about, you don't have to be pushed. The vision pulls you." — Steve Jobs

Services

Our Service Verticals

Deal Advisory, Structuring & Execution

We provide advisory services in relation to mergers, acquisitions, joint ventures, business reorganizations, and other strategic transactions. Our services include transaction structuring, due diligence, evaluation of tax and regulatory considerations, documentation support, and assistance with implementation requirements.

Transaction Diligence & Support

We provide financial, tax, and regulatory due diligence services in relation to business transactions, investments, and restructuring activities. Our services include review and analysis of financial information, identification of key risks and considerations, and assistance in evaluating matters relevant to the proposed transaction.

IPO Advisory & Support

We assist clients in relation to public listing processes, including regulatory compliance, financial reporting requirements, tax considerations, and coordination with relevant stakeholders. Our services are designed to support clients in addressing the financial, regulatory, and compliance requirements associated with proposed public offerings.

Tax, Audit & Regulatory Services

We provide services in the areas of direct taxation, audit and assurance, regulatory compliance, compliance management, and management advisory. Our engagements involve assisting clients in understanding and addressing applicable tax, accounting, and regulatory requirements.

FEMA Compliance Services

We provide advisory and compliance services under the Foreign Exchange Management Act, 1999 (FEMA) in relation to inbound and outbound investments, overseas transactions, foreign direct investment (FDI), overseas direct investment (ODI), and related reporting requirements. Our services include assistance in evaluating applicable regulatory provisions and compliance obligations.

Succession & Wealth Transition Advisory

We assist individuals, families, and business owners in evaluating succession and wealth transition structures. Our services may include:

Assessment of succession and ownership arrangements.
Review of wealth preservation and asset holding structures.
Planning for transition of ownership and management responsibilities.
Consideration of interests of family members and stakeholders.
Evaluation of cross-border ownership, investment, and regulatory aspects.
Analysis of tax and legal considerations associated with succession planning.

Industries / Diverse Clientele

Sectors We Serve

H S J M & Associates provides professional services to clients across a range of industries and business sectors. Our engagements involve addressing sector-specific tax, regulatory, financial, compliance, and transaction-related matters based on the requirements of each client.

The firm's experience spans diverse industries, enabling us to understand the commercial and regulatory considerations relevant to different business environments and transactions.

All
Manufacturing
Entertainment
Hospitality & Leisure
Information Technology
Infrastructure
Education
Real Estate
Retail & Consumer
Transport & Logistics
Banking and NBFCs
Wealth Management & Capital Markets
Healthcare

Manufacturing

Audit, tax & advisory for industrial production

Entertainment

Media, film & production house advisory

Hospitality & Leisure

Hotels, resorts & restaurant chains

Information Technology

SaaS, IT services & product companies

Infrastructure

Construction & EPC

Education

Schools, universities & EdTech

Real Estate

Developers, REITs & property funds

Retail & Consumer

FMCG, D2C brands & retail chains

Transport & Logistics

Shipping, warehousing & supply chain

Banking & NBFCs

Banks, NBFCs & lending platforms

Wealth & Capital Markets

Brokers & capital market firms

Healthcare

Hospitals & pharma

"In the middle of difficulty lies opportunity." — Albert Einstein

Our Process & Approach

At H S J M & Associates, we believe that effective advisory begins with understanding the client's objectives in depth and translating them into practical, commercially viable solutions. Our approach is structured, collaborative, and execution-focused.

Every engagement begins with a detailed discussion to understand the client's business model, transaction background, commercial objectives, regulatory considerations, and long-term goals. Based on the preliminary information and documentation shared, our team identifies the key tax, legal, financial, and compliance aspects involved.

Our professionals undertake a comprehensive analysis of the proposed transaction or structure from multiple perspectives including tax efficiency, regulatory feasibility, commercial practicality, and risk mitigation. Based on this assessment, we prepare a Concept Note outlining the proposed structure, possible alternatives, key implications, and strategic recommendations.

The Concept Note is then discussed in detail with the client and relevant stakeholders. We work collaboratively to address commercial considerations, evaluate alternatives, and refine the proposed approach to ensure alignment with the client's objectives and implementation requirements.

Once the structure is finalized, we provide a comprehensive deliverable containing detailed analysis and documentation, including:

Tax implications and computations
Capital gains and transaction outflow analysis
Regulatory and compliance considerations
Risk assessment and mitigation points
Step-by-step implementation framework
Practical recommendations and actionables

Our involvement extends beyond advisory. We assist clients through the implementation phase by coordinating with legal counsels, regulatory authorities, financial institutions, and other stakeholders to ensure seamless execution of the proposed structure.

Our process is designed to deliver solutions that are not only technically robust, but also commercially practical, strategically aligned, and implementation-ready.