June 17, 2023, Mumbai: Singhi& Co, one of India’s oldest and largest accounting and business advisory firms, today announced its acquisition of the forensic practice of J Mandal & Co Chartered Accountants, a leading name in the forensic and fraud accounting analytics space, in its pursuit to strengthen its risk management capabilities. This comes close on the heels of the firm’s acquisition of Sustangibles Private Limited’s ESG advisory and consulting practice in the recent past. With growing concerns over corporate transparency and the increasing need to maintain an unblemished reputation, this acquisition becomes increasingly relevant in the current times where clients are constantly looking at holistic counsel from consultants on navigating volatile environs along with macro-economic shifts and challenges. Moreover, Singhi& Co has been clocking rapid strides in its digital transformation journey with the firm having recently onboarded XX as Director, Digital Transformation who has been roped in from consulting major, Accenture and brings in 11 plus years of overall experience.

With a 65 year old legacy, J Mandal & Co Chartered Accountants has carved a niche for itself to help clients deal with financial irregularities or fraud, misconduct and business disputes, and deliver clear, logical analysis, and fact finding reports through a variety of quantitative and qualitative techniques.

Commenting on the acquisition, Nikhil Singhi, Partner, at Singhi& Co. said,“We are delighted to welcome the forensic team of J Mandal & Co Chartered Accountants team on board and look forward to buildinggreat synergies as we progress in our journey to offer full-fledged consulting to clients. Risk evaluation and management has been emerging as a significant aspect of the consulting business and forensic remains an indispensable part of it. We foresee immense potential in scaling up and adding more value-add to clients through the inclusion of varied services in the auditing and consulting domain and this acquisition is one more step in that direction.”

Anurag Singhi, Partner at Singhi& Co. further added,“With rising stakeholder vigilance and the need for higher accountability and transparency, forensic accounting and analytics is more important than ever before. We are excited with this new acquisition as we look forward to enhancing the consultancy gravitas we bring to the table with a strong future forward orientation that is anchored on core pillars such as digital transformation, ESG and risk management. The intent is to deliver strong impact led consulting that helps clients drive business transformation and sustained growth.”

The J Mandal & Co Chartered Accountants team is slated to join Singhi& Co from XX date and will be led by Mukkul Agarrwal. Speaking on the occasion, Mukkul Agarrwal, Partner, J Mandal & Co Chartered Accountants commented, “Singhi& Co has been a name to reckon with in the accounting and business advisory industry and we are privileged to join this team of experienced and seasoned experts. We strongly believe our shared purpose and values align really well and that we can deliver meaningful impact to clients through a more cohesive and well rounded consulting offering.”

About Singhi & Co: Singhi& Co is one of India’s oldest and largest accounting and business advisory firms with an unmatched reputation, built on a legacy of values over the last eight decades. An Indian member firm of Moore Global Network Limited, the company offers a suite of comprehensive offerings that can help clients navigate the ever-evolving business landscape to transform, grow and scale up. Singhi& Co prides itself with a growing team of experienced professionals who bring in deep understanding and expertise of the Indian business ecosystem in a collective pursuit to enable clients achieve sustained growth. With 10 offices across India and 1000 team members, the firm is rapidly expanding to add new age capabilities to its already existing best practices in order to excel with excellence everyday.

About J Mandal & Co Chartered Accountants: