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Investment & Growth Advisory

Investor Advisory & Due Diligence

Independent appraisal of industrial investment opportunities — feasibility, due diligence, risk assessment and deal structuring for domestic and foreign investors.

Request a proposalLifecycle stage: Evaluate

The problem

What goes wrong without this.

Industrial investment decisions in India are rarely lost on the headline economics. They are lost on the things that sit underneath: a promoter projection built on optimistic capacity utilisation, a site whose land title cannot survive scrutiny, an approval pathway nobody sequenced, or an incentive assumed to be available that closed to new applicants two quarters ago.

Foreign investors face an additional problem. The information that matters — which state is actually granting clearances quickly this year, which nodal agency responds, what a realistic land cost is in a given industrial belt — is not in any published dataset. It is local, current and held by people who work in the market daily.

By the time these issues surface, capital is usually already committed. The purpose of an independent appraisal is to surface them while the decision is still reversible and the cost of changing course is a consulting fee rather than a stranded asset.

What we do

Capabilities in this service

  • Investment opportunity screening and comparative market assessment across sectors and states
  • Techno-economic feasibility studies covering demand, capacity, technology, capex and operating economics
  • Financial modelling with sensitivity and scenario analysis on utilisation, input cost and realisation
  • Commercial, technical, legal and regulatory due diligence on target companies, assets and sites
  • Risk assessment covering market, execution, regulatory, environmental and counterparty exposure
  • Deal structuring advisory — equity, joint venture, technology tie-up, asset purchase and slump sale routes
  • Promoter and counterparty background assessment ahead of a binding commitment
  • India entry strategy for foreign investors, including state comparison and entity structure options
  • Independent review of an existing DPR or investment case prepared by a third party

Our process

How the engagement runs

Stage-wise, with the deliverable and typical duration for each. Timelines vary with project scale and authority response — these are indicative rather than contractual.

  1. 1

    Mandate scoping

    3–5 days

    We agree exactly what the decision is, what would change it, and the evidence needed to settle it. A due diligence mandate is scoped very differently from a greenfield opportunity screen.

    Deliverable: Scope note and evidence plan

  2. 2

    Market and technical assessment

    2–4 weeks

    Demand and competitive position, technology and process options, plant configuration, capacity sizing, and indicative capital and operating cost build-up.

    Deliverable: Market and technical assessment

  3. 3

    Financial modelling

    1–2 weeks

    A model you can interrogate, not a fixed spreadsheet — project IRR and equity IRR, DSCR, break-even utilisation, and sensitivity on the two or three variables that actually move the outcome.

    Deliverable: Financial model with sensitivity analysis

  4. 4

    Due diligence

    3–6 weeks

    Where a target or site is involved: title and land use, statutory compliance history, environmental exposure, contingent liabilities, plant condition and contract review.

    Deliverable: Due diligence report with red-flag register

  5. 5

    Structuring and recommendation

    1–2 weeks

    A clear recommendation with the conditions attached to it — deal structure, valuation range, negotiating points and the risks that must be contractually allocated.

    Deliverable: Investment recommendation and structuring note

Deliverables

What you receive

  • Techno-economic feasibility report
  • Financial model with scenario and sensitivity analysis
  • Due diligence report with a prioritised red-flag register
  • Risk matrix with mitigation and contractual allocation
  • Deal structuring and valuation note
  • Investment recommendation with go / no-go conditions

Who this is for

Typical client profiles

Domestic promoters evaluating a new manufacturing venture
Foreign investors and MNCs assessing India entry
Financial institutions and funds appraising an industrial exposure
Boards seeking an independent second opinion on a prepared investment case

Part of

Investment & Growth Advisory →

Decide with conviction.

Why NITS Corp

Why bring this to us

We have to live with our own advice

We also execute projects — site setup, approvals, commissioning. An appraisal written by a team that may later be asked to deliver the plant is a more careful appraisal.

Incentives modelled at appraisal, not discovered later

Applicable central and state incentives are built into the investment case from the start, because eligibility usually depends on decisions made before capex is committed.

Regulatory reality, not regulatory theory

Approval timelines in our models reflect what current practice looks like in the relevant state, not what the statutory timeline claims.

FAQ

Common questions

How is this different from a DPR?
A DPR assumes the project is going ahead and documents it for lenders and authorities. Investor advisory asks the prior question — whether it should go ahead, on what terms, and at what price. Many clients commission the appraisal first and the DPR only once the decision is made.
Will you tell us not to proceed?
Yes, where the evidence supports it. Our fee is not contingent on the transaction closing, which is deliberate — a recommendation that only pays if you invest is not an independent recommendation.
Do you work with foreign investors who have no Indian presence?
Yes. For inbound investors we cover state and location comparison, entity structure options, FEMA and FDI route implications, local partner identification, and the practical questions — what land actually costs, how long clearances actually take, who you need to meet.
How long does a full appraisal take?
A focused feasibility study is typically four to six weeks. A transaction with full due diligence on a target company usually runs eight to twelve weeks, largely determined by how quickly the counterparty releases information.
Is our information kept confidential?
Yes. We work under NDA as standard, and where we are engaged on a competitive process we will confirm in writing that we are not acting for a competing bidder on the same asset.

Related services

Manufacturing Project Consulting

Detailed project reports, techno-economic feasibility studies, technology and process selection, plant layout and capacity planning for greenfield and brownfield projects.

Subsidy, PLI & Incentive Consulting

Identify, apply for and actually receive the central and state incentives your project qualifies for — from PLI and capital subsidy to interest subvention and export benefits.

Land & Infrastructure Advisory

Site identification and selection, land acquisition assistance, land-use conversion, industrial park and SEZ facilitation, and utility infrastructure planning.

Sectors we apply this in

Automotive component press shop with robotic handling

Automotive & Auto Components

Component manufacturing, tier supply, and the quality and delivery discipline that OEM programmes demand.

Chemical process plant with reactor vessels and pipe racks

Chemicals & Pharmaceuticals

Process plants where environmental clearance, effluent management and process safety govern the project timeline.

Electronics assembly line in a controlled cleanroom environment

Electronics & EV

Fast-scaling sectors with substantial incentive support and demanding process control and cleanliness requirements.

Discuss your investor advisory requirement.

A short conversation is usually enough to tell you whether the project is viable, what it will take, and what it should cost. There is no charge for that first discussion.

Request a proposal