Providing Financial Review and Accounting Services to the Finance & Accounts and Other Division

The firm should be CAG empaneled and the firm should have been in practice for the last 5 years as on 31.03.2025. The preference will be given to the audit firm for experience in audit of major public sector undertakings.

The audit firm should have minimum 10 partners and with at least 5 fellow members of Institute of Chartered Accountants of India and with HO in Bangalore only (the firm should enclose the certificate issued by the Institute of Chartered Accountants of India in this regard) and at least five of the partners should be continuing partner in the firm for more than 10 years.

Minimum one partner of the audit firm should have studied Kannada as one of the subjects and must be well versed in writing and reading of Kannada language. (Proof of study of Kannada subject should be uploaded).

Minimum one partner of the firm should be well versed in reading and writing Kannada

Minimum one CA and 2 executives to be deployed for the assignment, and should have knowledge of reading & writing in Kannada for handling the work of the Division

The firm should have minimum three years experience in providing financial and accounting services to any of the State / Central Public Sector Undertakings Companies.

The firm is required to deploy required experienced executives along with one qualified Chartered Accountant for the assignment.

The Chartered Accountant heading the assignment should be ample experience in finalization of accounts (Ind AS) and other related works as assigned by MSIL from time to time as per annexure B attached.

The concerned firm shall not be black listed or banned by ICAI, State or Central Government PSUs. In case if the same is noticed subsequently or at a later stage, such firm will be terminated immediately.

EOI should be as per format C and submitted with details like profile of the firm, firm registration number, branch office details, experience in the field of financial and accounting services provided to Public Sector Undertaking in Karnataka along with copies of appointment letters issued by the PSU and staff strength along with eligibility criteria, to be uploaded in the e-portal on or before 03:00 p.m on 16th Jan 2026.