Writing from the desk

CA Aakash Kalra

Partner

  • Deals
  • M&A
  • Diligence
6articles
10+years in practice
9.3kwords written
62min total reading
QualificationsChartered Accountant
PreviouslyDeloitte · PwC

Aakash is Partner with the M&A, Due Diligence and v-CFO division at Nucleus, focusing on successful closure of deals and M&A transactions.

Having professional M&A experience from Deloitte and PwC, he has handled inbound and outbound restructuring and business consulting on M&A structures and arrangements (mergers, demergers, etc.).

He holds professional experience across multiple clients in due diligence, FP&A, deal advisory and extensive deal running experience across ecommerce, auto ancillary, fintech, IT, and the consumer sector.

Body of work

All articles by Aakash.

Finance operations

Tally to Zoho to NetSuite: when each ERP actually fits

There are roughly three ERP brackets that cover the lifetime of an Indian growth company. Picking the right one for your stage saves money and stress; picking the wrong one costs both, and an unnecessary migration can cost a year of finance team productivity.

12 min read

vCFO & controllership

Why your CFO is doing AR follow-ups — and what it's costing you

If your CFO is on the phone chasing payments from customers, the cost is not the call. It is the strategic time that is not being spent on the work a CFO is actually hired for. The fix is structural, and it is cheaper than most founders think.

10 min read

Finance operations

Outsourced AP: the signals it's time to bring it in-house

Outsourced AP works well from Rs. 5 crore to about Rs. 100 crore of revenue, at which point five specific signals start to appear. Recognising them early is the difference between a planned in-house transition and a panicked one.

10 min read

Cross-border & integration

Cross-border M&A closing: FEMA, CCI, and the 90-day gap between signing and closing

Cross-border deals into India sign in 60 days and close in 120. The gap is the regulatory stack — FDI, FEMA, CCI, sectoral approvals — and the deals that don't plan for the stack often don't close at all.

11 min read

Deal process

Indicative bid to binding bid: what actually happens in those 60 days of exclusivity

The IOI is signed, exclusivity is granted, and the seller feels the deal is done. The 60 days that follow are where buyers re-trade, deals die, and sellers learn that the indicative bid was a starting point — not a price.

10 min read

Deal process

The four buyer archetypes in Indian M&A — and why each one prices you differently

A strategic, a sponsor, a roll-up consolidator and a distressed buyer all walk into the same data room. They leave with four different offer letters, none of them comparable on a single multiple.

9 min read