Shah Upadhyay and Associates LLP brings audit & assurance, taxation & litigation, virtual CFO, process automation and listing support together — for SMEs and mid-size corporates across India.
Shah Upadhyay and Associates LLP — formerly Shah & Upadhyay — is a Peer Review certified Chartered Accountancy firm in Thane, serving SMEs and mid-size corporates across India.
Established in 2012 by CA Piyush Upadhyay and CA Priyanka Shah Vikam, the firm converted to a Limited Liability Partnership with effect from 1 June 2026. We bring audit, taxation, outsourced CFO services, process automation and capital-market advisory together — with reporting designed to be understood and used by management, not just filed away.
Many growing companies need the judgement of a senior finance leader but not a full-time hire. We give SME and mid-size businesses fractional access to that expertise — CFO-level insight, audit rigour and automation — sized to where the business is now.
Four advisory lines built around your decisions, on a foundation of audit and compliance.
Senior finance leadership on demand — MIS and board packs, cash-flow and working capital, budgeting and fundraise readiness — without the cost of a full-time CFO.
Explore Our technology edge02Mapping and automating finance workflows — reconciliations, approvals, compliance trackers and real-time dashboards in Google Sheets, Excel and Looker Studio.
Explore 03Assessment, appeal and tribunal matters — Grounds of Appeal, written submissions and representation before Assessing Officers, CIT(A) and the Income Tax Appellate Tribunal.
Explore 04Pre-listing corporate restructuring, listing-ready and restated financials, and Red Herring Prospectus data — working alongside your Merchant Bankers for SME and mainboard listings.
Explore 05Statutory, internal, systems, stock and forensic reviews — delivered by a Peer Review certified team, in line with ICAI standards.
Explore 06Income tax, GST, TDS and company-law (ROC) compliance for companies, LLPs and proprietors — handled proactively against the calendar.
ExplorePaperless engagements, real-time MIS dashboards and cloud ERP — sharper visibility for management, and automation that removes manual, error-prone work.
Peer Review certified processes and structured documentation — built to withstand scrutiny from regulators, lenders and Merchant Bankers.
You work directly with the partners — not a hand-off to juniors. Senior, accountable judgement on every engagement.
Clients work with the partners directly. Few SME-segment firms pair capital-markets and tax strength with systems and automation — stated as a fact about the practice, not a claim.
Chartered Accountant (2011) with a Diploma in Information Systems Audit (DISA) and ICAI's AICA Level 1 (AI for Chartered Accountants). More than a decade leading statutory, internal and systems audits — with a focus on process automation, real-time MIS and listing-ready financials.
Chartered Accountant (2012) and CFA charterholder, with a Certificate in the Insolvency & Bankruptcy Code (IBC). Focus: corporate taxation and litigation, virtual CFO engagements, financial modelling, and pre-listing and capital-market advisory.
We tailor audit, tax, MIS and advisory to the realities of each industry we serve.
We build user-friendly dashboards in Google Sheets, Excel and Looker Studio that surface the handful of KPIs that show how the business is really doing — built so your own team can maintain them.
From pre-listing restructuring and listing-ready financials to the financial data in your Red Herring Prospectus — we support SME and mainboard listings end to end.
IPO & listing supportShort, partner-approved updates in plain language for business owners.
Recommended 8 Oct 2026 — prosecution threshold to ₹5 crore, no show cause notices below ₹10,000, more credit under section 17(5), automated refunds. Not law until notified.
TaxThe 1961 Act is replaced by a simpler law with a single "Tax Year". Headline rates are unchanged.
GSTIn force since 1 Aug 2026 — deliveries to an address different from the billing address need the correct Ship-to GSTIN, or the e-way bill fails.
Tell us what you're working on — an audit, a tax matter, a finance function that needs structure, or a listing on the horizon.
Chartered Accountants · Thane
