J. M. Vyas & Co. logoJ. M. Vyas & Co.Chartered Accountants

Experience

A track record measured in decades.

Since 1971 the firm has carried out statutory, concurrent, stock and management audits for banks, government undertakings, co-operatives and corporates. Highlights are summarised below.

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Bank branch statutory audits
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Income-verification audit branches
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Govt. company statutory audits
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Co-operative & institutional audits

Banking sector

Bank audit — the heart of our practice

Statutory branch audits, concurrent audits, stock audits, income-verification and inspection/management audits across nationalised, private and rural banks.

Statutory branch audits

90+ branch audits since 1980, including:

  • State Bank of India
  • State Bank of Bikaner & Jaipur
  • Punjab National Bank (incl. 2023–2026)
  • Central Bank of India
  • The Bank of Rajasthan Ltd.
  • UCO Bank, Bank of Maharashtra

Concurrent audits

Ongoing concurrent audit assignments at branches of:

  • State Bank of India & SBBJ
  • Bank of Baroda, Union Bank of India
  • Central Bank of India, UCO Bank, IDBI
  • ICICI Bank, ING Vysya, Corporation Bank

Empanelled stock auditor

Currently empanelled with:

  • State Bank of India — since 2021
  • ICICI Bank — since 2014 (80+ clients)
  • Kotak Mahindra Bank — since 2013 (60+ clients)
  • Yes Bank — since 2022
  • HDFC Bank — since 2022

Specialist bank audits

Additional banking engagements include:

  • Income-verification audit — 80+ branches
  • Inspection / management audit — 30+ branches
  • Asset classification, income recognition & provisioning
  • Internal audit of private banks (ICICI — multiple states)
  • Statutory audit of Regional Rural Banks (RRBs)

Government & public sector

Statutory & internal audit of government undertakings

OrganisationEngagement
Rajasthan Electronics & Instruments Ltd. (REIL)Statutory & tax audit
United India Insurance Co. Ltd.Statutory audit (Divisional & Regional Office)
Agricultural Insurance Company of IndiaStatutory audit
Bharat Sanchar Nigam Ltd. (BSNL) — Rajasthan CircleInternal audit
Banswara Thermal Power Company Ltd.Statutory audit
Rajasthan State Seeds Corporation Ltd.Statutory & tax audit
Rajasthan Housing BoardInternal audit (units & head office)
Rajasthan State Road Transport Corporation (RSRTC)Internal audit
Rajasthan Pollution Control BoardStatutory audit
Rajasthan State Minority CommissionStatutory audit
RIICOAudit assignment
PWD (PMGSY) — World Bank-aidedAudit (2006–2010)

Plus internal/concurrent audit of dairies (Pali Dairy, Ajmer Dairy) and numerous state co-operative bodies.

Co-operative sector

Co-operative societies & federations

Over 40 years of co-operative audit work, including:

Rajasthan State Co-operative Housing Federation
SPINFED
Rajasthan Urban Co-operative Bank Federation
Rajputana Mahila Urban Co-op Bank
Rajasthan State Sports Council
Rajasthan Hindi Granth Academy

Rural banking

Regional Rural Banks

Statutory / branch audit of RRBs:

Sri Ganganagar Kshetriya Gramin Bank
Dungarpur-Banswara Kshetriya Gramin Bank
Jaipur Thar Gramin Bank
Bharatpur Central Co-operative Bank

Corporate clients

Internal audit & tax consultancy for industry

Selected corporates served across internal audit, tax audit and consultancy engagements.

Hindustan Lever Ltd.
Rhone-Poulenc (India) Ltd.
RPG Life Science Ltd.
Searle India Ltd.
Batliboi & Company Ltd.
Elbee Express Services Ltd.
Maharashtra Hybrid Seeds Co.
Savita Chemicals Ltd.
Rasna Pvt. Ltd.
Parle (Confectionery)
Apollo Pharmacy
Chola Mandalam Investment & Finance

The firm has also conducted military/army audits (Sub Area 61 Jaipur, Military Recruitment Board), club audits (Rambagh Golf Club), and internal audits for MBA colleges — alongside roughly 35 company statutory audits, 350+ taxation clients, due-diligence reports and legal data extraction/audit work.

A proven partner across sectors.

Discuss an audit or advisory engagement with our team.

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