Balancing Tradition with Transformation:
The Story of Shah & Associates
In 1982, amidst the bustling financial landscape of India, Mr. Naresh Bhavan ji Shah, a visionary Chartered Accountant, founded N.B. Shah & Associates with a simple yet powerful principle—integrity in numbers and trust in relationships. What started as a modest practice soon flourished into a reputed firm, known for its meticulous attention to detail and client-centric approach. Over the years, Mr. Shah built more than just a firm; he built a legacy rooted in ethics, precision, and unwavering dedication.
However, as time progressed, Mr. Shah knew that for his legacy to thrive, it needed a new generation of leadership—one that could carry forward his values while adapting to the future. And so, in 2021, the firm underwent a transformational succession, as three dynamic and experienced Chartered Accountants—CA Mohit Paliwal, CA Vratika Jain, and CA Deepak Kachhara—took the helm. With this transition, the firm embraced a new identity: MVD & Associates. While the name changed, the ethos remained the same—honouring tradition while embracing transformation.
Under the leadership of this young and ambitious team, MVD & Associates expanded its horizons, integrating modern financial strategies, digital innovations, and a client-first approach. From traditional auditing and taxation to advanced advisory services, the firm evolved to meet the ever-changing needs of businesses while staying rooted in the principles instilled by its founder. The journey wasn’t without challenges. Navigating regulatory changes, technological advancements, and evolving client expectations required both agility and foresight. But the seamless fusion of legacy and innovation became MVD & Associates’ greatest strength. Clients, both long-standing and new, found themselves working with a firm that upheld the trust built over decades while delivering cutting-edge financial solutions. Today, MVD & Associates stands as a beacon of excellence, driven by the same values that Mr. Naresh Shah envisioned over 40 years ago. The firm continues to grow, adapt, and lead, proving that when tradition meets transformation, success is inevitable. Because at MVD & Associates, numbers tell a story, but values build a legacy.
The Professionals Who Drive Us Forward
Passionate professionals helping you achieve your goals.
CA Mohit Paliwal
B.Com, FCA, and LCSWith over 12 years of extensive experience in finance, taxation, and auditing, CA Mohit Paliwal has established himself as a trusted financial advisor and auditor. Holding degrees in B.Com, ACA, and LCS, he has successfully led his own firm, M/s M Paliwal and Associates, for more than a decade.
His expertise includes conducting branch audits in BFSI (Banking, Financial Services, and Insurance), revenue leakage audits, and monitoring large borrowers through stock audits and revenue audits. He has played a key role in corporate finance consulting and specializes in navigating government-sponsored schemes such as NABARD, NHB, and CLCSS, ensuring businesses maximize financial benefits.
A strong advocate for financial efficiency, CA Mohit Paliwal helps his clients optimize costs by reducing the cost of funds through capital and interest subvention subsidies. His deep understanding of banking regulations and financial strategies makes him a valuable partner for businesses seeking financial stability and growth.
CA Vratika Jain
B.com, ACA,With over 12 years of experience in auditing, risk management, and financial advisory, CA Vratika Jain (B.Com, ACA) has worked with leading financial institutions, including Kotak Group, ICICI HFC, EY, and HDFC Bank.
She specializes in SOX compliance, Internal Financial Controls (IFC), Internal Audit, and Enterprise Risk Management (ERM). Her expertise extends to budgeting, strategic planning, SOP documentation, and preparation of RCMs (Risk Control Matrices), ensuring robust financial governance for businesses.
With a strong background in internal audits and advisory functions, CA Vratika Jain helps organizations enhance their financial controls and risk management frameworks, driving efficiency and compliance.
CA Deepak Kachhara
B.com, FCAWith 12+ years of expertise in taxation and corporate finance, CA Deepak Kachhara (B.Com, FCA) has built a strong reputation in financial advisory and compliance. He was the proprietor of M/s Deepak Kachhara & Company for 11 years before joining N.B. Shah & Associates as a Partner.
His core competencies include tax advisory for both direct and indirect taxation, specializing in search, seizure, and scrutiny cases. Additionally, he provides corporate finance solutions, assisting businesses with secured and unsecured funding, as well as startup consultancy, helping new ventures navigate financial and regulatory challenges.
With a deep understanding of financial regulations and funding strategies, CA Deepak Kachhara is a trusted advisor for businesses seeking financial growth and compliance.