B.C. Shetty & Co. - Business information form
2024
Business dimensions
- Total gross annual turnover (revenue) in USD equivalent for the last completed financial year
- $685,061.00
- Date of end of financial year to which turnover and all data in this form refers
- 31st March 2024
- Please confirm that this turnover covers all branches and associated subsidiary firms which offer services to members and their clients, directly or indirectly
- Yes
- Number of Partners/Principals
- 9
- Number of Partners/Principals who are women
- 0
- Number of professional staff other than Partners/Principals. Professional staff means permanent employees of your firm qualified to carry out audit, accounting, tax advisory or consulting services.
- 16
- Number of staff who are women
- 4
- Number of other staff. Those not included in Partners/Principals or professional staff above.
- 59
- Number of offices
- 6
Areas of service
| Service | Approximate % of turnover in the last financial year | English speaking key contact for this area |
|---|---|---|
| Audit and assurance | 35% | Dinesh |
| Accounting | 15% | Manjunath |
| Tax | 30% | Sarvotham |
| Legal | 0% | - |
| Business advisory | 20% | Ankith |
| Other services, if any (please list here and give total %) | ||
| - | - | - |
| Total - all services (must be 100%) | 100% | |
Principal contacts
| Name | ||
|---|---|---|
| Person responsible for marketing | Shiva Shankara | [email protected] |
| (MGI Worldwide members only) - Person responsible for MGI network, Quality Assurance and Audit Independence | Ankith Shetty | [email protected] |
| Person responsible for Information Technology | Satish Sarab | [email protected] |
Detailed audit service profile
| Type of audit client | No. of client | Total fee income (in USD for your last full financial year) |
|---|---|---|
| All audit clients | 165 | $230,640.00 |
| Audit clients which have branches, subsidiaries or parent companies outside your country | 8 | $25,550.00 |
| Public Interest Entity* audit clients, except listed companies | 0 | $0.00 |
| Audit clients listed on a stock exchange in your own country | 0 | $0.00 |
| Audit clients which are subsidiaries of companies listed on a stock exchange in another country | 0 | $0.00 |
International profile
- What is the main language of your firm (internally and with domestic clients)?
- English
- Number of public key contacts listed in this directory for your firm
- 10
- Please confirm that all public Key Contacts listed in the directory offer fluent English.
- Yes
- Does your telephone operator/receptionist speak English?
- Yes
- What is the maximum time you allow in firm to respond to enquiries from fellow members?
- 24 hours
Outward business exchange
- How much business did you send to other members (in your country and abroad, including referrals) in the last financial year (gross fees in USD equivalent). In many cases this is likely to be a best estimate or even a guess based on the fees you would charge for the service. Include repeat business from referrals in previous years.
- $0.00
- Approximately how much of this was to members in your country?
- 0
- To members outside your country?
- 0
Inward business exchange
- How much business did you receive from other MGI Worldwide members in the last financial year (gross fees in USD equivalent), domestic and international?
- $1,500.00
- How much of this total inward business was repeat business from previous years?
- $0.00
- Approximately how much of this total inward business was from members in your country?
- 0
- From members outside your country?
- 0
- From which countries abroad, if any, did you receive business? Please list
- Australia & Sweden
- Please list which MGI Worldwide meetings* were attended by members of your firm in the last calendar year
- AGM 2023 in Bangkok
Licensing and regulatory information
Accountants
No
- Membership number/reference
Auditors
Yes
- Membership number/reference
- institute of chartered accountants of india (ICAI)
Tax advisors
No
- Membership number/reference
Other profession
No
- Specify which
- Membership number/reference
- Is your firm subject to an external quality control review?
- Yes
- If your answer was No, how do you ensure your quality standards?
- If your answer was Yes, how often does the external review take place?
- once in 3 years by ICAI
- What is (are) the name(s) of the reviewing organisation(s)?
- Karunakar Shetty appointed by ICAI
- What was the date of your last external review?
- 17th May 2024
Professional indemnity
- Is Professional Indemnity Insurance available in your country?
- Yes
- If YES, is it obligatory?
- Yes
- Do you carry Professional Indemnity (PI) insurance?
- Yes
- Comments, if any, on PI
Comments
- Explanatory comments, if needed, on this information from the member firm or from MGI Worldwide
2023
Business dimensions
- Total gross annual turnover (revenue) in USD equivalent for the last completed financial year
- $638,684.00
- Date of end of financial year to which turnover and all data in this form refers
- 31st March 2023
- Please confirm that this turnover covers all branches and associated subsidiary firms which offer services to members and their clients, directly or indirectly
- Yes
- Number of Partners/Principals
- 7
- Number of Partners/Principals who are women
- 0
- Number of professional staff other than Partners/Principals. Professional staff means permanent employees of your firm qualified to carry out audit, accounting, tax advisory or consulting services.
- 16
- Number of staff who are women
- 4
- Number of other staff. Those not included in Partners/Principals or professional staff above.
- 56
- Number of offices
- 5
Areas of service
| Service | Approximate % of turnover in the last financial year | English speaking key contact for this area |
|---|---|---|
| Audit and assurance | 35% | Dinesh |
| Accounting | 15% | Manjunath |
| Tax | 30% | Sarvotham |
| Legal | 0% | - |
| Business advisory | 20% | Ankith |
| Other services, if any (please list here and give total %) | ||
| - | - | - |
| Total - all services (must be 100%) | 100% | |
Principal contacts
| Name | ||
|---|---|---|
| Person responsible for marketing | Shiva Shankara | [email protected] |
| (MGI Worldwide members only) - Person responsible for MGI network, Quality Assurance and Audit Independence | Ankith Shetty | [email protected] |
| Person responsible for Information Technology | Satish Sarab | [email protected] |
Detailed audit service profile
| Type of audit client | No. of client | Total fee income (in USD for your last full financial year) |
|---|---|---|
| All audit clients | 160 | $223,640.00 |
| Audit clients which have branches, subsidiaries or parent companies outside your country | 8 | $22,450.00 |
| Public Interest Entity* audit clients, except listed companies | 0 | $0.00 |
| Audit clients listed on a stock exchange in your own country | 0 | $0.00 |
| Audit clients which are subsidiaries of companies listed on a stock exchange in another country | 0 | $0.00 |
International profile
- What is the main language of your firm (internally and with domestic clients)?
- English
- Number of public key contacts listed in this directory for your firm
- 10
- Please confirm that all public Key Contacts listed in the directory offer fluent English.
- Yes
- Does your telephone operator/receptionist speak English?
- Yes
- What is the maximum time you allow in firm to respond to enquiries from fellow members?
- 24 hours
Outward business exchange
- How much business did you send to other members (in your country and abroad, including referrals) in the last financial year (gross fees in USD equivalent). In many cases this is likely to be a best estimate or even a guess based on the fees you would charge for the service. Include repeat business from referrals in previous years.
- $0.00
- Approximately how much of this was to members in your country?
- 0
- To members outside your country?
- 0
Inward business exchange
- How much business did you receive from other MGI Worldwide members in the last financial year (gross fees in USD equivalent), domestic and international?
- $0.00
- How much of this total inward business was repeat business from previous years?
- $0.00
- Approximately how much of this total inward business was from members in your country?
- 0
- From members outside your country?
- 0
- From which countries abroad, if any, did you receive business? Please list
- 0
- Please list which MGI Worldwide meetings* were attended by members of your firm in the last calendar year
- None. Only joined MGI in March 2023
Licensing and regulatory information
Accountants
No
- Membership number/reference
Auditors
Yes
- Membership number/reference
- institute of chartered accountants of india (ICAI)
Tax advisors
No
- Membership number/reference
Other profession
No
- Specify which
- Membership number/reference
- Is your firm subject to an external quality control review?
- Yes
- If your answer was No, how do you ensure your quality standards?
- If your answer was Yes, how often does the external review take place?
- once in 3 years by ICAI
- What is (are) the name(s) of the reviewing organisation(s)?
- Arvind from AVT associates appointed by ICAI
- What was the date of your last external review?
- 2nd March 2021
Professional indemnity
- Is Professional Indemnity Insurance available in your country?
- Yes
- If YES, is it obligatory?
- Yes
- Do you carry Professional Indemnity (PI) insurance?
- Yes
- Comments, if any, on PI
Comments
- Explanatory comments, if needed, on this information from the member firm or from MGI Worldwide