The two-country problem
Founders with a parent company abroad and a team in India usually have a bookkeeper or CPA on one side, a compliance firm on the other, and nobody who owns the whole picture. That shows up as:
- Board decks and investor updates that don’t reconcile with either set of books.
- An Indian subsidiary that bills the parent without a proper transfer-pricing basis.
- Late Indian filings — FC-GPR, the annual FLA return, TDS — found only during investor due diligence.
- Runway forecasts that ignore rupee costs, GST refunds and withholding taxes.
What you get
- Consolidated reporting — monthly MIS across the parent and the Indian subsidiary, in your currency and your board’s format.
- Forecasting and runway — a driver-based model covering both entities, with scenario planning for hiring in India.
- Fundraising support — investor model, data room and diligence management. Durgesh led a USD 3.75M Pre-Series A end-to-end as Finance Head of Stimuler. See the due diligence checklist.
- India entity, handled — books, payroll, GST (including export refunds), TDS, ROC and FEMA filings, and the transfer-pricing documentation.
- Equity across borders — option grants to the Indian team, 409A vs Indian valuations and the Indian tax on exercise.
- Coordination with your local accountant — we work alongside your US CPA, UK accountant or Australian tax agent on parent-company filings, so nothing falls between the cracks.
How it works
01
Two-week diagnostic
Review of both sets of books, intercompany flows, compliance status and investor commitments.
02
Set up
Chart of accounts mapping, intercompany agreement, close calendar and a consolidated reporting pack.
03
Monthly retainer
Close, board pack, forecast updates and a standing finance call — in your time zone’s working hours.
Is this a fit?
- Seed to Series B companies with 5 to 200 people in India.
- US, UK, Canadian, Australian, Singapore or UAE parent companies — including clients in other countries.
- Indian founders who have set up a US company and kept the team in India.
- Setting up in India for the first time? Start with company setup in India.
USD 3.75MPre-Series A led and closed end-to-end for an AI EdTech startup
5+ yearsacross audit, tax, FEMA and startup finance
₹5,000 Cr+PSU bank audit portfolio handled early in career
Frequently asked questions
What is a fractional CFO?
A senior finance leader who works for your company part-time or on a retainer — owning reporting, forecasting, fundraising support and compliance oversight — without the cost of a full-time CFO.
Can a fractional CFO in India work with a US or UK parent company?
Yes. Durgesh works remotely with parent companies in the US, UK, Canada, Australia, Singapore and the UAE, owning consolidated reporting and the Indian subsidiary's compliance, and coordinating with the parent's local accountant for its filings.
Do you file US or Australian tax returns?
Parent-company tax filings in the US, UK, Canada or Australia are best handled by a local accountant; we coordinate closely with them and provide the reconciled numbers, intercompany documentation and Indian-side filings they need.
How much time does a fractional CFO spend each month?
It depends on stage and complexity. Most startups start with a monthly retainer covering the close, board reporting and a standing finance call, and scale up around fundraising or due diligence.