WELCOME TO IPS & CO.

The Most Trusted Chartered Accountants in Central India

IPS & Co. has served businesses and individuals with world-class financial expertise for over 20 years. Whether you need tax planning, audit services, or strategic business advisory — we deliver precision, integrity, and results.

Time-Saving

We handle your compliance calendar so you focus on growing your business — never miss a deadline again.

Cost-Effective

Transparent pricing with no hidden fees. Our services are structured to deliver maximum value and tangible ROI.

ABOUT COMPANY

Your Trusted Financial Partner for Success

At IPS & Co., we are completely dedicated to providing world-class services to our clients globally, with the personal touch of a local consultant. With over 20 years of experience and an aggregate partner experience of 62 years, we bring deep expertise across taxation, audit, corporate finance, and advisory services.

We operate in a fully computerised environment with a highly qualified, motivated team of 24 professionals — including 4 full-time Chartered Accountant partners — supported by a well-equipped research library to keep us current with all regulatory and professional developments.

Our Vision

Our Mission

OUR COMPANY IN NUMBERS

Two Decades of Proven Excellence

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Years of Experience
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Years Aggregate Partner Experience
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Professionals on Team
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Industries Served
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Full-Time CA Partners
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Office Locations (Bhopal & Thane)
OUR SERVICES

Accounting & Advisory Services for You

From bookkeeping to complex transaction advisory, our team delivers a complete spectrum of financial services designed to help your business thrive in a demanding regulatory environment.

Bookkeeping & Accounts

Accurate, timely bookkeeping and financial statement preparation in line with Indian GAAP and Ind AS. We design accounting frameworks tailored to your business needs.

Payroll Services

End-to-end payroll management including TDS computation, PF/ESI compliance, salary structuring, and timely disbursements — freeing you from administrative

overhead.

Tax Planning & Compliance

Comprehensive income tax and GST planning, regular compliance filings, assessment handling, and appeals — covering both direct and indirect tax matters.

Audit & Assurance

Statutory, tax, internal, bank, and management audits conducted with rigorous methodology. We identify risks, improve controls, and strengthen financial

reporting.

Financial Statements & MIS

Preparation of financial statements, MIS reports, budgets, and cash flow analyses — giving management the clarity
needed for strategic decision-making.

Tech & Systems Consulting

Design and implementation of robust MIS frameworks, internal control systems, accounting manuals, and risk management infrastructure for growing businesses.

Business Advisory

Transaction support, business structuring, legal drafting, arbitration, and retained consultancy services —
acting as your trusted general counsel for complex
decisions.

Outsourced CFO & Finance

Part-time and full-scope CFO services including project finance, fund raising (debt & equity),
capital structure advisory, and bank/FI liaison — without the full-time cost.

CA Padmavati Swamy Khanuja

BCOM, FCA, DISA

CA Satpal Singh Khanuja

BCOM(H), FCA

CA Rajgopal Chandrashekhar

BCOM(TAX), LLB, FCA

CA Deepali Mangwani

BCOM, FCA, Dip. IFRS (ACCA)

PARTNER

Get to Know Our Partners

Our leadership team combines decades of hands-on experience across audit, taxation, corporate law, and finance. Each partner brings a unique depth of expertise, ensuring you always receive authoritative guidance.
WHY CHOOSE US

Accounting with Unity, Precision & Purpose

We combine the expertise of a large firm with the responsiveness and personal commitment of a boutique practice. Here is why leading businesses across industries trust IPS & Co.:

Experienced

62 combined partner years across taxation, audit, corporate law, and finance. We have handled complex matters that most firms have never encountered.

Free Consultation

We offer a no-obligation consultation to understand your needs before recommending a solution. No guesswork — just honest, expert guidance.

Multi-Disciplinary Expertise

From tax planning and audit to legal drafting and project finance — our team covers all dimensions of your financial and compliance landscape under one roof.

Ethics-First Culture

We deliver not just results, but results the right way. Our reputation is built on transparency, confidentiality, and an unwavering commitment to professional standards.
Expertise
Reputation
Knowledge
Communication
Expertise
Reputation
Knowledge
Communication

Having Trouble Managing Your Business Finances?

Let IPS & Co. take the weight off your shoulders. Our expert team is just one call away — we handle your compliance, taxation, and advisory so you can focus on building your business.
CASE STUDIES

The Last Projects We Worked On

Our work spans across industries and complexity levels. Here are a few highlights of the impactful engagements our team has delivered for clients.

Financial Restructuring

A mid-sized manufacturing company was struggling with a stressed capital structure. IPS & Co. redesigned their debt-equity mix, liasioned with SBI and HDFC for better credit terms, and resolved tax liabilities — resulting in 30% improvement in net cash flows.

Cash Flow & Tax Optimisation

An FMCG trading business was overpaying
taxes due to poor planning. Our team reviewed their books, implemented a legal tax structure, and ensured GST input credit reconciliation —
saving them significantly in the first
year.

Inventory & Compliance Audit

A healthcare distributor required a comprehensive internal audit covering inventory management, statutory compliance, and vendor controls.
IPS & Co. identified gaps, drafted a new accounting manual, and implemented MIS
dashboards.

Consultation

Schedule a free consultation — either in-person at our Bhopal or Thane office, or virtually. We listen, assess your needs, and outline the right service approach with complete transparency.

Choose a Package

Based on your business type, size, and goals, we recommend a tailored service package. Whether you need a single audit, monthly retainer, or full-scope advisory — we structure it to suit you.

Get Your Service

Our team gets to work immediately — handling compliance, advisory, and reporting on your behalf. You receive timely updates, clear reports, and direct access to your dedicated partner at every step.

OUR STAGES

An Easy Process to Manage Your Finances with IPS & Co.

Getting started with us is simple and straightforward. Here is how we take you from inquiry to ongoing partnership in three easy steps:
FAQ

The Most Common Questions

We understand you have questions. Here are clear, honest answers to the questions we hear most often from new and existing clients.
How can you help clients reduce their tax liability?
We conduct a thorough review of your financial position, business structure, and applicable tax laws to identify all legal deductions, exemptions, and planning opportunities — both under Income Tax and GST. We then implement a tax-efficient structure that maximises your savings while ensuring full compliance.
We design and implement a complete Risk Management Framework for your business — mapping regulatory obligations, identifying financial and operational risks, setting up internal controls, and preparing monitoring checklists. We also conduct periodic internal audits to ensure controls remain effective.
Our audit process is rigorous and systematic. We conduct financial, operational, and compliance audits using a risk-based methodology — reviewing financial statements, internal controls, statutory records, and management systems. We provide a clear report with findings and actionable recommendations.
What are the processes for filing business taxes?
We handle all aspects of business tax filing — preparation, review, and submission of Income Tax returns and GST returns. We manage advance tax computations, TDS compliance, and ensure timely filings. For complex matters, we represent your business in assessment proceedings and appeals.
We review all income sources, applicable deductions, and eligible credits before preparing your return. Our team ensures the return is accurate, complete, and filed on time — eliminating penalties and interest while taking advantage of every legitimate tax benefit.
Through our experience with commercial and taxation laws and liaison with specialist advisors, we assist businesses with cross-border transaction structuring, DTAA implications, transfer pricing guidance, and compliance with FEMA and RBI regulations — helping you navigate global expansion confidently.
OUR BLOG

Latest Blog & News for You

Stay informed with expert commentary from the partners of IPS & Co. on taxation, compliance, finance, and business advisory — written to help you make better decisions for your business.
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