A Chartered Accountancy practice built on ICAI standards.
A Hyderabad-based firm of Chartered Accountants providing audit and assurance, direct and indirect taxation, transfer pricing, international taxation and corporate advisory services to individuals and businesses across India.
Established in 2021, partner-led from the start.
A practice that grew out of the founders’ experience at India’s largest accountancy firms.
Palivela Devdas and Associates was established in Hyderabad in 2021 by CA Kranthi Palivela and CA Mrudulatha Devdas.
CA Mrudulatha Devdas has been in professional practice since 2015 and brings prior experience with leading Big Four firms, including Deloitte and Ernst & Young. CA Kranthi Palivela has been in practice since 2019, following his tenure as an Associate Director at KPMG.
Building on the founders’ experience in audit, taxation and advisory, the firm’s capabilities include statutory audit, internal audit and direct taxation, transfer pricing, international taxation, and BEPS and Country-by-Country Reporting (CbCR). Today, the firm advises Indian businesses and multinational groups on an expanding range of domestic and cross-border tax and regulatory matters.
Our approach to professional practice.
Four principles that shape how every engagement is scoped, executed and signed off at the firm.
Partner-led engagements
Every engagement is led by a partner who remains actively involved from planning through completion and final sign-off. Engagement teams work under direct partner oversight, ensuring that key judgements, findings and deliverables receive senior-level attention throughout the assignment.
Adherence to professional standards
Our audit and assurance engagements are conducted in accordance with the Standards on Auditing (SAs) issued by the Institute of Chartered Accountants of India (ICAI) and other applicable professional and regulatory requirements. Engagement Quality Reviews are undertaken where required under the applicable standards.
Independence and objectivity
Independence and professional objectivity underpin our approach to every engagement. We evaluate potential conflicts and independence considerations at the outset and maintain appropriate safeguards throughout the engagement, enabling our conclusions and advice to be guided by facts, professional judgement and applicable requirements.
Technical rigour and documentation
Our work is grounded in a disciplined approach to technical analysis and documentation. Significant positions and professional judgements are supported by applicable law, accounting and auditing standards, regulatory guidance and relevant judicial precedents, as appropriate. Engagement documentation is maintained to provide a clear basis for the conclusions reached and the positions taken.
Our journey.
Big Four foundations
The partners began their professional careers with leading firms including Deloitte, PwC, KPMG and EY, gaining experience across audit, taxation and advisory.
Mrudulatha Devdas enters practice
CA Mrudulatha Devdas enters professional practice after gaining experience with leading Big Four firms, including Deloitte and Ernst & Young. Her practice experience spans statutory audit, assurance and direct taxation.
Kranthi Palivela enters practice
Following his tenure as an Associate Director at KPMG, CA Kranthi Palivela enters professional practice, with a focus on transfer pricing, international taxation and related advisory matters.
Palivela Devdas and Associates established
CA Kranthi Palivela and CA Mrudulatha Devdas come together to establish Palivela Devdas and Associates in Hyderabad, combining their complementary experience across audit, taxation and advisory. The firm subsequently broadens its capabilities across transfer pricing, international taxation, BEPS, Country-by-Country Reporting and other cross-border tax and regulatory matters.
A growing, partner-led practice
Palivela Devdas and Associates operates as a partner-led professional services firm, advising closely held businesses, family offices, Indian enterprises and multinational groups across audit and assurance, direct taxation, transfer pricing, international taxation and corporate advisory.
The partners.
Each partner is a Member of the Institute of Chartered Accountants of India with prior experience at Big 4 firms in India.
View all partnersThe role of a Chartered Accountant in India.
A Chartered Accountant is a member of the Institute of Chartered Accountants of India, regulated under the Chartered Accountants Act, 1949 — performing audit, taxation, certification and advisory functions reserved by statute.
Statutory body established under the Chartered Accountants Act, 1949 to regulate the profession of Chartered Accountancy in India.
Statutory audit & assurance
Audits required under the Companies Act, the Income-tax Act and other statutes — providing reasonable assurance to stakeholders.
Tax compliance & advisory
Direct tax, indirect tax (GST), and transfer pricing — covering compliance, advisory and representation before authorities.
Certifications under law
Certifications required under FEMA, Income-tax, GST, Companies Act and others, signed by a Chartered Accountant in active practice.
Independence & confidentiality
A Chartered Accountant is bound by independence, confidentiality and professional ethics under the Chartered Accountants Act, 1949.
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