CA-led corporate finance advisory since 2011•₹4,250 Cr+ mobilised across 100+ deals
Senior CFO bandwidth, at fractional cost.

Virtual CFO Services — Fractional CFO, Real Accountability

Senior-led Virtual CFO engagements in Mumbai & Pune — MIS, treasury, lender management, compliance and fundraising, delivered at a fraction of a full-time CFO’s cost. CA / ex-banker–led for promoter-led businesses, with a vCFO who owns the numbers month on month — not a consultant who hands over a slide deck and leaves. ₹4,250 Cr+ mobilised across 100+ deals since 2011.

Book a consultation → See the 3 engagement models →
CA / ex-banker led Since 2011 100+ deals advised
₹
A track record since 2011, in numbers
₹4,250 Cr+
Group capital facilitated since 2011
₹550 Cr
Largest single facility structured
100+
Deals advised end to end
20–40 hrs
Structured bandwidth per month
Since 2011
CA / ex-banker, senior on every file

A Virtual CFO is a senior finance leader embedded part-time with operating accountability — built for ₹10–500 Cr revenue companies that need CFO-grade judgement on MIS, lender conversations and capital decisions, but don’t yet justify a full-time ₹50 L–1 Cr CFO hire. Unlike an external advisor, the vCFO owns the numbers month on month.

Three ways to engage

Three engagement models — fitted to your stage

Choose the model that fits your stage — from full-stack monthly bandwidth to a fundraise-linked sprint. Fees are indicative and scoped case-by-case on complexity, sector and cadence.

Model Scope Duration Fees range Best for
RetainerMost popular ScopeFull-stack CFO bandwidth — MIS, treasury, lender mgmt., board reporting Duration12+ months Fees range₹75k–2.5 L / month Best for₹50–500 Cr revenue, promoter-led
Project-Based ScopeDefined deliverable — budget overhaul, ERP rollout, audit readiness Duration2–4 months Fees range₹2 L–10 L / project Best forOne-time finance-function fix
Fundraise-Linked ScopePitch pack, financial model, DD support, term-sheet negotiation Duration3–6 months Fees rangeRetainer + success fee Best forDebt or equity raise mandates

Indicative — scoped case-by-case based on complexity, sector and cadence. Every model is led by a senior CA or ex-banker, with a support resource executing under partner oversight.

The economics

What a virtual CFO saves you

CFO-grade leadership without the full-time cost. Move the sliders to see the gap.

Estimated virtual CFO retainer for this band: ₹1,00,000 / month. Adjust the sliders below to fit your scope.

Annual saving
≈ ₹63 L

That’s CFO-grade leadership at ~16% of a full-time hire.

Indicative only — a full-time CFO’s cost and the right retainer depend on your size and scope. We scope the engagement to what you actually need.

See what a retainer would cost you — talk to us →
What we own month on month

The finance function, owned — not advised on

A virtual CFO gives you a finance chief’s full scope — budgeting, cash flow, MIS, taxation, compliance, lender management and fundraising — on a fractional retainer, led by Chartered Accountants and ex-bankers. Here’s everything the Finnova CFO’s office owns for your business.

Budgeting, Forecasting & FP&A

We build the plan and hold the business to it.

  • Annual budgets & operating plans
  • Rolling forecasts & cash-flow forecasting
  • Budget vs actual (variance) analysis
  • Unit economics & product / segment profitability
  • Capex evaluation & scenario modelling

MIS & Board Reporting

Board-ready numbers every month — not raw Tally dumps.

  • Monthly MIS pack with commentary
  • KPI dashboards
  • Board & investor reporting
  • Management review meetings
  • Profitability analysis

Cash Flow & Working Capital

Cash watched daily, working capital kept tight.

  • Daily / weekly cash-flow monitoring
  • 13-week rolling cash-flow forecast
  • Receivables, payables & inventory management
  • Fund-flow planning
  • Banking & liquidity management

Lender & Debt Management

Our edge

The corporate-finance edge a generic vCFO can’t give you.

  • Lender reporting & covenant compliance
  • CMA / working-capital limit / drawing-power reviews
  • Stock & book-debt statements (QIS / FFR)
  • Debt structuring, refinancing & rate negotiation
  • Banker relationship management

Taxation — GST & Income Tax

CA-led

Direct and indirect tax, handled by Chartered Accountants.

  • GST: registration, returns (GSTR-1/3B/9), GSTR-2B / ITC reconciliation
  • E-invoicing & e-way bills
  • TDS / TCS compliance & returns
  • Advance tax & corporate income-tax filing
  • Tax planning & assessment / notice support

Statutory & MCA / ROC Compliance

One compliance calendar — nothing slips.

  • MCA / ROC annual filings (AOC-4, MGT-7)
  • Board & AGM resolutions, statutory registers
  • Companies Act & secretarial compliance
  • RBI / FEMA filings (FC-GPR, ECB) where applicable
  • PF / ESI / PT — tracked on one calendar

Accounting, Controls & Audit

Clean books, real controls, audit-ready.

  • Accounting supervision & month-end close
  • Internal financial controls (IFC) & SOPs
  • Chart of accounts & process design
  • ERP / accounting-software setup — Tally, Zoho or our group’s TatvaBooks
  • Statutory, tax & internal audit coordination

Fundraising & Strategic Finance

From the model to the term sheet.

  • Financial models & projections
  • Information memorandum / pitch financials
  • Due-diligence & data-room management
  • Term-sheet evaluation · M&A / investment support
  • Capital allocation & pricing

Why Finnova’s vCFO is different: two pillars most virtual CFOs can’t match — tax & MCA compliance delivered by Chartered Accountants (not just overseen), and lender & debt management backed by live banking relationships from a corporate-finance desk. You scope only what you need; the rest stays on the menu as you grow.

Why a vCFO earns its keep

CFO-grade judgement, without the full-time cost

A Virtual CFO gives you senior finance leadership, live lender relationships and board-ready reporting — on a structured monthly cadence, with the flexibility to scale up or step back.

Senior CA / ex-banker lead

No junior pass-through — your mandate is partner-led, by people who read the numbers the way a credit committee or board will.

Board-ready MIS

A clean monthly pack with KPI commentary and a board-ready narrative — not raw Tally dumps the night before the meeting.

Live lender relationships

Active PSU, private and NBFC connects carried into your mandate — so a refinance or limit enhancement starts warm, not cold.

20–40 hours a month

Structured bandwidth across on-site days, calls and reviews per agreed cadence — senior attention, sized to your stage.

Exit flexible

Month-to-month with 30-day notice after the minimum term — no long lock-ins, scale up or step back as the business shifts.

Confidentiality first

NDA at kick-off; books, models and board papers stay ring-fenced to the named engagement team — nothing leaves the room.

Process

How an engagement runs — from scoping to monthly cadence

A clear path from first scoping call to a steady monthly cadence, with the named partner on the file at every stage.

  1. Scoping call

    1 day

    Business context, pain points and target outcomes — we map where the finance function stands today.

  2. Diligence

    3–5 days

    Books, systems and people review, with a baseline maturity assessment of the finance function.

  3. Engagement design

    2 days

    Scope, cadence, deliverables, fees and the lead partner confirmed — locked into a signed engagement letter.

  4. Kickoff & SOPs

    week 1

    NDA, SOPs, calendars and first-month deliverables scoped out — the engine starts turning.

  5. Monthly cadence

    ongoing

    Monthly MIS, quarterly reviews and ongoing operating support — the vCFO owns the numbers month on month.

Who we work with & what we need to start

Built for promoter-led businesses that have outgrown the books

We work across sectors with ₹10–500 Cr revenue companies — and we know exactly what we need to get a finance function clean, current and lender-ready.

Who we work with

  • Manufacturing
  • Services
  • SaaS
  • D2C
  • Infra / EPC
  • Real Estate
  • Hospitality
  • Exports

CA / ex-banker–led and Mumbai & Pune-based, serving Maharashtra, Delhi NCR, Bengaluru, Hyderabad, Ahmedabad and pan-India.

What we need to start — onboarding checklist

  • Audited financials — last 3 years
  • Current trial balance and general ledger export
  • Banker statements — last 12 months
  • Existing finance SOPs and accounting software access
  • Team org chart and finance function headcount
  • KYC of company, promoters and directors

Indicative — varies by engagement scope and stage. A mutual NDA is executed before diligence begins.

Why Finnova

Why promoters choose Finnova as their Virtual CFO

Four reasons clients hand us the numbers — and keep us on file through fundraise and beyond.

01

Senior, partner-led

No junior pass-through. Your mandate is led by a senior CA or ex-banker you deal with directly — execution sits under partner oversight, never instead of it.

02

Board-ready, not back-office

A clean monthly MIS pack with KPI commentary and a board-ready narrative — finance that informs decisions, not just records them.

03

Lender relationships, carried in

Active PSU, private and NBFC connects come with the mandate — so refinancing, limit enhancements and fundraises start warm.

04

Track record

₹4,250 Cr+ mobilised, ₹550 Cr largest single facility and 100+ deals since 2011 — a finance partner with real market reach.

Illustrative examples

What a Virtual CFO engagement looks like

A sample of representative engagements, anonymised for confidentiality. Sectors and structures are real; names are not.

₹120 Cr manufacturer
Promoter-led · Tally exports, no board pack

Running on Tally exports with no board pack. Within two quarterly closes we stood up a monthly MIS, a 13-week cash forecast and a clean lender narrative — instrumental when the company refinanced its working-capital limits at a tighter spread.

[Illustrative]
Fundraise-linked vCFO
D2C brand · Growth round

A D2C brand preparing for a growth round engaged us on a fundraise-linked model. We built the pitch pack, financial model and diligence room, and supported term-sheet negotiation through to close.

[Illustrative]
Consultation

Tell us where the finance function stands

One conversation tells you the right engagement model, the cadence that fits your stage and how fast we can stand up a clean monthly MIS. No pitch — just a straight read from senior people who own numbers for a living.

Call us — +91 91569 22663 (Pune) Email — finance@finnovaadvisory.com

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FAQ

Virtual CFO services, answered

A typical retainer covers monthly MIS and board reporting, FP&A, treasury and cash management, lender and auditor coordination, compliance-calendar oversight and ad-hoc strategic support. Specific scope is agreed upfront and locked into a signed engagement letter.

20–40 hours per month is the most common band — split across on-site days, video calls and offline reviews. For larger retainers or fundraise phases, intensity can scale up; the cadence is agreed in advance and reviewed quarterly.

We prefer a 6-month minimum to deliver meaningful impact — finance-function changes take at least one full quarterly close to stabilise. After that, engagements continue month-to-month with 30-day exit notice on either side.

Yes. Several Virtual CFO engagements have transitioned into full-time CFO placements, or into a hybrid where Finnova continues to support specific workstreams (treasury, lender management) while an internal finance lead owns the day-to-day.

Standard. A mutual NDA is executed before diligence begins. Engagement letters include confidentiality, IP and data-handling clauses, and access to books, models and board papers is ring-fenced to the named engagement team only.

Every mandate is led by a senior CA or ex-banker. You deal with the named partner directly — not a rotating bench of junior staff. A second support resource handles execution under partner oversight.
Further reading

The virtual CFO question, explained in our Resources

Start with what a virtual CFO is and how the model works, then go deeper on cost, timing and the full-time comparison. Looking for a vCFO locally? See Virtual CFO Services in Mumbai and Pune.

Explore Virtual CFO

Virtual CFO by industry & by city

The same senior, partner-led Virtual CFO model — scoped to your sector and your location. Start where your business fits.

By industry

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