Growth Story


In terms of Size of Firm & infrastructure :

1)    In the Year 1972

Foundation stone of AMBALAL PATEL & Co. was laid by visionary CA Ambalal Patel as a proprietorship in his early years of practice.

2)    In the year in 1993,

CA Saurin Patel joined his practice to carry on the same at new level. He is a key member of our team who brought out potential of our team helped to reach to a level what we stand today.

3)    In the year 2002

We got empanelled with the Comptroller and Auditor General of India (C & AG of India).

4)    In the year 2004

Taking this growth story further CA Ghanshyam Jajal joined our firm in 2004. He was instrumental in bringing technological advancements in current practice to serve our clients even better and to work in more organizational manner.

5)    In the year 2009

CA Nikunj Patalia joined our firm. It was time when new generation of CAs joined our organization to take the same to new milestone. He is a person who spread our existing practice to new areas of professional avenues.

CA Saurin Patel cleared CPA (USA) exams and opened up the scope of expansion and diversification of our practice area.

We got peer reviewed by Peer Review Board of Institute of Chartered Accountants of India(ICAI) and got the Peer Review Certificate for Proper Audit Documentation.

6)    In the year 2011

We shifted our office to new, more spacious and key business location. By this time we have sufficient infrastructure and core team of talent to serve more groups of clients.

7)    In the year 2013

Taking this growth story further, AMBALAL PATEL & Co. and JETHALIYA & ASSOCIATES merged to build more stronger and larger firm of Chartered Accountants. CA Ratan Jethaliya & CA Nilay Bhavsar, existing partners of JETHALIYA & ASSOCIATES added to core team of CAs. Both these partners are qualified Company Secretary (CS). So, this is value addition to our existing portfolio of services.

Looking at growth of the Firm again we got peer reviewed by Peer Review Board of Institute of Chartered Accountants of India(ICAI) and got the Peer Review Certificate for Proper Audit Documentation.

Also we are awarded Category I firm by ICAI for conducting Banks Audits.

 In terms of Services :

1)    Till the year 2003

Statutory Audits of Companies and Banks , Tax Audits, Internal Audits of Companies and firms, Trust Audits, Income tax Related services, Wealth tax related services, Company Law compliance, Investment consultancy and other such services

2)    in the year 2004

Service tax consultancy, Concurrent audit of Banks, Payroll audit of PSUs.

3)    in the year 2007

Online filing of Income Tax Returns and Filing of various forms under the Companies Act.

4)     in the year 2009

Value added Tax Consulting services (including VAT audits)

Assisting the clients in taking 4% SAD refunds from Customs Authorities

International Transfer Pricing Audits

5)    In the year 2010

Import Export Code(IEC) registration Services

Small Scale industries Registration (MSME) Services

Assisting for availing Unique Identification Number for Overseas Investments from RBI

6)    During the years 2011 – 2015

XBRL Conversion of Public Limited Companies and PSUs.

Shop and Establishment Registration services.

Professional Tax Registration services.

Advisory services on Employees Gratuity scheme

Helping the Companies in preparing the balance sheets as per Revised Schedule VI of the Companies Act,1956

Domestic Transfer Pricing Audits

Project Finance Services

Assisting clients on Compliance of Companies Act 2013

Formation of Limited Liability Partnership(LLP)

7)    During the years 2016-2020

FEMA / RBI compliances for Overseas Direct Investment (ODI) and Foreign Direct Investement (FDI)

Goods & Services Tax (GST) advisory and assurance functions (including GST Audit)

Audit & Assurance services to Listed Corporate Entities

Assignments by Official Liquidator for Amalgmation and matters