CA Bonny Mehta | Forensic Equity Specialist & Capital Protector

The Why

A Practice Built
on a Promise

"I watched ordinary investors in my own community lose their savings to frauds they never saw coming — and had no one to protect them."

That moment defined everything. As a Chartered Accountant with a deep understanding of how capital markets work — and how they are manipulated — I made a deliberate choice: to move beyond compliance and build India's most rigorous forensic equity practice.

Over 13 years, I have developed the forensic tools, the legal frameworks, and the pattern-recognition instinct to find what others miss — before the money is gone.

My clients are portfolio managers, fund houses, and family offices who understand that in the SME and small-cap universe, the biggest risk is not market volatility. It is structured fraud disguised as a growth story.

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ICAI Membership · Verified

CA Bonny Mehta · #159617

Practicing Chartered Accountant · India

Core Services

Three Layers
of Protection

Pre-Investment
Forensic Clearance

Before You Invest

Before capital is deployed into any SME IPO, Micro-cap, or Small-cap position, I conduct a full forensic audit — cash flow integrity, governance structure, auditor independence, and operator footprint. Mitigates investment failure risk by up to 50%.

360° Due Diligence · 48-Hour Delivery

Portfolio Risk
Surveillance Scan

Already Invested

I scan existing holdings for operator exit footprints, accounting manipulation signals, and auditor complicity patterns — before a position collapses. Your portfolio's independent, always-on early warning system.

Ongoing Retainer · Quarterly Report

Litigation Support
& Capital Recovery

Trapped in Fraud

When fraud has already occurred, I build the undeniable forensic evidence package for NCLT class-action proceedings and SEBI regulatory recovery. Turn trapped losses into actionable legal claims.

NCLT Ready · Regulatory Filing · Post-Fraud

Institutional Mandates

High-Stakes
Mandates

Beyond conventional advisory. The following engagements are reserved for situations where institutional capital, regulatory standing, or legal liberty is at stake. Each mandate is accepted by direct retainer only.

Institutional & High-Stakes Mandates

Mandate 01 · White-Label Engagement

AIF & PMS Outsourced
Risk Desk

Embedded Forensic CRO · AUM Protection

For boutique Alternative Investment Funds and Portfolio Management Services firms that require institutional-grade risk infrastructure without the overhead of a full-time Chief Risk Officer, I operate as a white-labeled, embedded forensic intelligence desk. Every micro-cap and SME security under consideration for portfolio inclusion is subjected to a complete forensic vetting protocol — cash flow stress-testing, promoter integrity assessment, auditor independence verification, and operator footprint mapping — before a single unit of AUM is committed.

This engagement protects not only your investors' capital but the regulatory standing and reputational integrity of the fund and its investment manager — assets that, once compromised, cannot be recovered by litigation alone.

Mandate 02 · Pre-Filing Engagement

Pre-IPO Forensic
Readiness Audit

DRHP Stress-Test · Ind AS Compliance · Institutional Acceptance

For legitimate SME promoters preparing to access public capital markets, a single undisclosed non-compliance or structural weakness in the balance sheet is sufficient grounds for SEBI objection, institutional anchor withdrawal, or post-listing legal exposure. I conduct a 360-degree forensic stress-test of the enterprise prior to DRHP filing — identifying and remediating Ind AS non-compliance, related-party transaction irregularities, cash flow misrepresentation, and governance gaps that would trigger regulatory or institutional rejection.

The mandate delivers a clean, defensible financial narrative — one that withstands the scrutiny of SEBI, merchant bankers, institutional investors, and, ultimately, the investing public.

III

Mandate 03 · IBC / NCLT Proceedings

Resolution Professional
Intelligence Desk

Fund Tracing · SNOA Tracking · Asset Recovery Proof

Partnering directly with Resolution Professionals appointed under the Insolvency and Bankruptcy Code, I provide forensic intelligence critical to the asset recovery mandate in NCLT proceedings. Using structured network of operators and accounts (SNOA) tracking methodology, I trace the movement of siphoned funds through layered corporate structures, nominee entities, and benami arrangements — producing undeniable mathematical proof of fund diversion that withstands cross-examination by opposing counsel and judicial scrutiny.

Where funds have been moved, the forensic trail exists. I follow it to its terminus.

Mandate 04 · The Ultimate Escalation

Multi-Agency Regulatory
Representation

State Apparatus Engagement · Class-Action Forensic Dossier

When the magnitude of fraud demands more than civil remedy — when corporate fraudsters have stolen at scale and the state apparatus must be systematically deployed against them — I build the forensic dossier and lead the representation.

For trapped investor syndicates and HNI class actions, I construct the prosecution-grade evidence architecture required to compel simultaneous action across every relevant enforcement authority, creating a regulatory siege from which there is no procedural escape. The mandate covers direct, coordinated escalation to:

SEBI Enforcement Directorate (ED) DGGI MCA · SFIO Direct Tax Authorities FIU-IND EOW PMO NCLT Class-Action

Private Capital Defense

Family Office & HNI
Mandates

Merchant bankers sell the valuation. We test the mathematics. For Family Offices deploying capital into private markets, pre-IPO rounds, or M&A, we act as your independent forensic gatekeeper. We do not facilitate deals; we ensure you survive them.

Institutional & High-Stakes Mandates

Mandate 01 · Pre-Deal Intelligence

Valuation Autopsy &
Sell-Side Deconstruction

Reverse-Engineering DCF Models · Hidden Liability Detection

Investment bankers provide valuations built on aggressive assumptions to justify a premium. We deconstruct sell-side valuations to expose aggressive revenue recognition, suppressed future CapEx requirements, and unrealistic working capital assumptions — before you sign the term sheet or allocate capital.

Mandate 02 · Fiduciary Surveillance

AIF & PMS
Shadow Audits

Auditor of the Auditor · Operator Footprint Detection

Family offices routinely park massive capital in Alternative Investment Funds (AIFs) or Portfolio Management Services (PMS). We run independent shadow audits on your external managers' underlying small-cap and micro-cap holdings to detect operator footprints, auditor red flags, and hidden liquidity risks.

III

Mandate 03 · Unlisted Market Defense

Private Equity & Unlisted
Asset Vetting

Institutional-Grade Private Vetting · SPA Protection

Unlisted SMEs and late-stage startups are not yet regulated by SEBI, making their books highly susceptible to manipulation. We verify unlisted cash flows, audit inventory reality versus book entries, and check for related-party siphoning — before you execute the Share Purchase Agreement (SPA).

Mandate 04 · M&A Risk Mitigation

JV & M&A
"Black Swan" Clearance

Unrecorded Liabilities · Post-Merger Compliance

Traditional financial due diligence only checks if accounting standards were followed; it rarely hunts for fraud. We conduct "Black Swan" audits exclusively to identify fatal flaws — unrecorded liabilities, artificially accelerated revenues, and tax evasion footprints that could trigger regulatory action post-merger.

Mandate 05 · Legacy Protection

Intergenerational Wealth
Stress-Tests

Holding Company Clean-Up · Cross-Collateralization Audits

As wealth transfers between generations, family holding companies and investment vehicles are often tangled in outdated, risky structures. We forensically untangle related-party loans, identify compliance vulnerabilities, and ensure the core family wealth is structurally insulated from operational business risks.

Proof of Work

Brightcom Group:
Forensic Autopsy

BSE: BCG · SME / Small-Cap · Live Case

How Operator Fraud Destroys Retail Capital — and How Forensics Catches It First

₹2,900Cr

Peak Market Cap

90%+

Value Destroyed

6 Mo

Signals Before Collapse

Revenue inflation via fictitious digital advertising transactions across multiple financial years

Promoter pledge concealment and coordinated operator exit pattern pre-identified in cash flow analysis

Auditor complicity signals detected 6+ months before any public disclosure or market reaction

Cash flow vs. reported profit divergence flagged as the primary forensic red indicator

SEBI & NCLT proceedings subsequently initiated against promoters and associated entities

Forensic Verdict

"Investors who acted on early forensic signals preserved capital. Those who ignored governance red flags suffered near-total loss. The mathematical truth was always in the numbers."

How We Work

Engagement
Models

Project-Based Forensic Audit

Per Deal · One-Time · 48–72 Hr Delivery

Deal-by-deal forensic clearance covering cash flow integrity, governance red flags, auditor risk, and full operator footprint analysis. Clean pass or clear disqualification — before capital moves.

Discuss This Mandate →

Quarterly Retainer Surveillance

Ongoing · Portfolio-Level · Quarterly Report

Structured quarterly scan of your entire SME & small-cap book for emerging fraud signals. Actionable exit or hold recommendations delivered as a concise risk report. Your portfolio's independent intelligence desk.

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Litigation Evidence Package

Post-Fraud · NCLT Ready · Regulatory Filing

Full forensic evidence package for NCLT class-action filings and SEBI regulatory recovery — built to the exact evidentiary standard courts and regulators require.

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This Practice Serves

PMS ProvidersDomestic Fund HousesOffshore FundsFamily OfficesHNI Investors

Enquiry Form

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A Practice Built
on a Promise

Three Layers
of Protection

Fraud Typologies
I Investigate

Brightcom Group:
Forensic Autopsy

Engagement
Models

Where I
Operate

Download the
BCG Autopsy

Direct
Contact

Send a Confidential
Enquiry

A Practice Builton a Promise

Three Layersof Protection

Fraud TypologiesI Investigate

Brightcom Group:Forensic Autopsy

EngagementModels

Where IOperate

Download theBCG Autopsy

DirectContact

Send a ConfidentialEnquiry

A Practice Built
on a Promise

Three Layers
of Protection

Fraud Typologies
I Investigate

Brightcom Group:
Forensic Autopsy

Engagement
Models

Where I
Operate

Download the
BCG Autopsy

Direct
Contact

Send a Confidential
Enquiry