K C Mehta & Co. offers multi-professional, high quality, full advisory service which acts as an effective extension of the client’s business to surmount and influence the upcoming challenges and deliver profitable results.

  • KCM has been named as one of the leading Tax Firm in
    India
    by International Tax Review in its publication World Tax 2015

  • KCM has been named as one of the leading Transfer Pricing Firm in India by International Tax Review in its publication World Transfer Pricing 2015

Five decades of dynamic leadership, creativity, integrity, vision for future and unmatched sense of commitment is what makes K C Mehta & Co. (KCM). An organization which believes in providing excellent professional client service with high level of ethical standards. With over fifty years of practice, KCM has unmatched accumulated experience and expertise in the entire range of assurance, taxation, compliance and business advisory services.

KCM has a comprehensive service portfolio intended to give its clients all services under single roof in an integrated manner.

K.C. Mehta & Co.(KCM) works closely with clients to provide a wide spectrum of fully integrated services in areas that include accounting, assurance, risk, tax, financial and capital management, business consultation and other advisory services. Our firm offers a true global approach to business issues that blends pragmatic insight with creativity, to help organizations achieve their desired objectives. KCM is committed to provide novel solutions to help clients emerge from challenges and create lasting value. KCM has a comprehensive service portfolio intended to give its clients all services under single roof in an integrated manner.

Banking & Financial Sector

  • Banks
  • Financial Institutions
  • Mutual Funds
  • Custodians / Depositories
  • Share Brokers

Services

  • Hospitality & Tourism
  • Transportation
  • Public Utilities
  • Professionals
  • Education

Metal & Mining

  • Metal Manufacturers
  • Metal Derivatives and Value Additives
  • Recyclers
  • Mining

Auto & Ancillary

  • Auto / Metro Manufacturers
  • Automobile Parts
  • Engineering Products for Automobiles
  • Automotive Control Systems

Power

  • Generation of Power
  • Transmission of Power
  • Distribution of Power
  • Power Distribution Equipments

Retailing

  • Food Processing
  • FMCG Trading & Distribution
  • FMCG Manufacturing
  • Retail Chain

IT & Telecom Industry

  • Software Development
  • BPO / KPOs & ITeS
  • Telecom & Allied Activities
  • Medical Transcription

Oil & Natural Gas

  • Extraction & Exploration of Oil & Gas
  • Distribution of Gas (PNG / CNG)
  • Research and Development Hubs

Industrial Products & Applications

  • Dyes & Pigments
  • Specialty Chemicals
  • Chemical Machineries
  • Cryogenic Tanks
  • Agricultural Machineries
  • Process and Fluid Control
  • Engineering Plastics
  • Flexible Containers and Plastic Bags
  • Electrical Machineries
  • Combustion Equipments
  • Heat Exchangers
  • Packaging Industry

Health Care

  • Pharmaceutical — Formulation
  • Pharmaceutical — API
  • Life Sciences
  • Hospitals
  • Health Care Products
  • Diagnostic Products & re-agents
  • Dental Polymers

Infrastructure

  • Construction & Real Estate
  • Ports
  • EPC
  • Urban Infrastructure
  • Laying of Transmission Lines
  • Effluent Treatment Plants

Others

  • Agricultural Products
  • Wear and Tear Doctors
  • Agro-Chemicals
  • Textile Industry
  • Media Industry
  • Entertainment Industry

KCM and its partners have been very active in knowledge sharing exercises at professional bodies, educational institutions and industry associations. The focus of such exercises is to genuinely share the experience pool of the firm and its team members with professionals, students and entrepreneurs, so as to enable them to perform better in their respective pursuits.

KCM believes in actively participating in new government initiatives in regulatory frameworks and makes strong and detailed representation to the government. Contributions to journals and publications of ICAI and the Institute of Internal Auditors(IIA) are a regular part of the firm's activities.

Motivation and Significance of "Make in India" Campaign

Is this same as "Swadeshi" movement?

Any developing country or economy would want that they experience vibrant and sustainable economic growth and one of the ways to do it is to bolster its industrial sector, that is, make things in our own country. It is a no brainer up to this point. So why is P.M. Narendra Modi making such a big deal out of it? Is this a "swadeshi" movement? Not to my mind it is not. While campaigning for "Make in India" theme, the PM is equally focused on providing fair and attractive playing field to motivate foreign investment in capital and corporate FDI. So, what makes "make in India" so relevant and significant now?

Occupational Structure

The PM and his advisors understand the fundamentals of how a vibrant economy could be developed, and understand them very well. At the root of the initiative is creation of well-paying jobs, increase in purchasing power and demand for goods and services. India has depended far too long on agriculture sector to create jobs. The chart below highlights some thought provoking statistics on occupational structure in India. The percentages of working population that is generally divided into three broad sectors, namely, agriculture, industrial and services remained relatively flat for about 3/4th of the 20th century. (1901 to 1971.) It rose somewhat starting with 1971 with the real changes coming post economic liberalization in 1991. The result is that the percentage of workers employed in the agriculture sector has gone down by 20-25 points while the service sector saw almost a 100% rise or 14 points. The sector that showed predictable but undesirable movement is the industrial with only 8 points rise over the same period.

  Occupational Structure - %
Sector 1901 1971 2007
Agriculture 72 72 50
Industrial 12 11 20
Services 16 17 30

The Problem

All developing economies begin their occupational journey with agriculture as the chief source of employment. As the next step, historically, most all of them have shed growing number of occupational percentage points in favor of industrial sector followed by service sector. Thriving industrial economy produces demand for services. However, India's journey on this path is somewhat peculiar. It bypassed the growth in industrial sector and showed considerable rise of occupation in service sector. While in itself this phenomenon was not so undesirable, a cursory analysis reveals that most of the service sector occupational growth came due to industrial economies of other countries. A number of services were outsourced by developed economies to India and other high skill/low wage countries. But, that increased dependence on the fate of economies on which India had little or no control. In order for India to experience sustainable occupational growth in service as well as industrial sectors, it must focus on developing its own industrial sector of which "manufacturing" is one major component.

The problem of supply side constraint is also the target. By increasing the manufacturing activities and infrastructure creating activities the end result will be lower inflation, higher sustainability of economic growth and less intense impact of global economic swings. The demand in India is only growing. With 50% population under the age of 25, there is no question that supply will take a long time to reach the surplus territory.

The Solution

India needs to transform its growth model from being a services-focused economy to manufacturing-focused economy with the potential of creating 8 to 10 million jobs a year and leaving a healthy trail for services sector to pick up its share of occupational growth on. It also enables India Inc. to steer its occupational growth journey back to how it should be. Agriculture followed by industrial followed by services.

This is what "Make in India" is all about.
"K.C. Mehta Consulting Private Limited aims to improve clients' top and bottom lines, time to market, innovation, and customer and employee satisfaction outcomes. Saurabh's role consists of development of panel of experts and addressing clients' needs around business and marketing strategies, IT and outsourcing strategies, product development and process improvement."

- Saurabh Vakil

MD, KC Mehta Consulting Private Limited

"K.C. Mehta & Co.(KCM) works closely with clients to provide a wide spectrum of fully integrated services in areas that include accounting, assurance, risk, tax, financial and capital management, business consultation and other advisory services. Chirag leads the Management Audit practice and contributes to the Indirect tax and FEMA verticals of the firm."

- Chirag Bakshi

Partner, K.C.Mehta & Co.