company history

ashwani & associates has a long and storied history in the world of taxation and audit. We have been pioneers in the industry for many years and are known for taking innovative steps. We are very proud of our achievements and all the people who led us here.

  • 1948

    first office opened in malerkotla, punjab

    Late Sh. Mohan Lalji, founder of the tax practice started the first office in Malerkotla, 60km from Ludhiana. He started with his determination and sincerity without knowing where that seed would grow till. He started this practice with a vision to help people and enterprises manage their tax liabilities in the most legal and efficient manner.

  • 1948

    first office opened in malerkotla, punjab

    Late Sh. Mohan Lalji, founder of the tax practice started the first office in Malerkotla, 60km from Ludhiana. He started with his determination and sincerity without knowing where that seed would grow till. He started this practice with a vision to help people and enterprises manage their tax liabilities in the most legal and efficient manner.

  • 1958

    landmark case argued by the firm

    Late Sh. Mohan Lal was taking up landmark cases in search and seizure (Income Tax).

  • 1972

    Practice for settlement commission started

    When the provisions were just enacted, Sh. Mohan Lal ji took on young in to the forum of settlement commission as he saw this as a good opportunity to be able to get the government its tax dues and provide relief to the assessee’s from protracted litigation

  • 1978

    incorporation of the partnership firm

    Sh. Ashwani Kumar (son of Sh. Mohan Lal) and Sh. Sanjeeva Narayan incorporated the partnership firm in the name and style of ‘Ashwani & Associates’ and started the audit practice.

  • 1982

    Office in Ludhiana set up

    Sh. Ashwani Kumar Ashwani Kumar moved his base to Ludhiana and started serving clients in the region.

  • 1984

    Opened office in New Delhi (NCR)

    Having served the clients in Punjab, an important need was felt to move the boundaries to New – Delhi, Capital of India. We realized we were growing more stable and expanding at the same time. We needed a new office as we had severely outgrown the last one.

  • 1988

    Appointment as central statutory auditors to public sector banks

    The firm was recognized as a capable of doing audit for large corporations and was appointed auditor for one of the large public sector banks taking the stature of the firm to the next level. We have since then done 14 years of audit of various public sector banks as central statutory auditors

  • 1990

    recognition by clients !

    By this time we were a well known name within the industry. We had been prominent service providers in north India with core specialisation in Income Tax Settlement Commission and worked for some of the biggest clients in the industry; we weren’t dismissed by anyone because we could not be dismissed by anyone.

  • 2003

    The firm celebrates 25 years of servicing clients !

  • 2009

    third generation of the family joins the practice and adds indirect taxes to the portfolio

    Aditya Kumar, grandson of Sh. Mohan Lal, joined the practice in April 2009. With him he brought the experience of having worked with Pricewaterhouse Coopers and started a full-fledged indirect tax practice – a field only a few were having expertise in.

  • 2012

    Geneva Group International, sixth largest consulting network in the world calls for an alliance with Ashwani & Associates

    Ashwani & Associates became a member of the sixth largest consulting network – giving the firm much larger exposure. This enabled our clients to be able to access international markets and we were also able to give a more multi-dimensional approach to the solutions being provided.

  • 2014

    ashwani & associates – featured as one of the fifty most prominent chartered accountancy firms of the country by Bureaucracy Today

    With the kind of work that the firm had been doing, the country was noticing which led to the recognition of the firm as one of the fifty most prominent firm in India, by a leading journal.

  • 2015

    ashwani & associates – awarded best for tax law in India by AI Legal

  • 2016

    Office opened in the financial capital of the country – Mumbai

    As we were busy getting clients all over the country, the financial capital was crying out loud to have our presence and we opened our office in Bandra in this year.

  • 2017

    ashwani & associates – featured as one of the 10 most promising taxation service providers

    Silicon India a leading tech journal features the firm as one of the promising taxation service providers

  • 2018

    Firm celebrates 70 years of practice started by Sh. Mohan Lal and 40 years of audit practice

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