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About Us - SilkRose Fiscal


SilkRose Fiscal Services LLP (^SFSL) Is the business unit entrusted with meeting the needs of corporate and institutional customers which, because of their size, complexity or sophistication, require customised services or value-added wholesale products. With a presence in asia-pacific countries, our local and global teams have extensive knowledge of the financial markets and cover all our customers' needs in the areas of funding, investment and hedging.
Since our inception SFSL has had a distinctive client proposition. We combine traditional Merchant Banking practices and values with Operational Risk expertise. Whether they are individuals, corporate, institutions or governments, we act as a business partner to our clients, providing them with a truly holistic approach.
We invest time in developing a deep understanding of clients’ needs – partnering with them to provide solutions that enable their business, protect their assets and grow their capital. Whether their priority is empowering their business, increasing their capital or securing their assets, we have the sector understanding and proactive risk management expertise to help them make the right decision at the right time and with the right people.
SFSL is a privately owned, dynamic company combining the diverse, complementary talents of a multi skilled team with global experience. We pride ourselves on our integrity, agility and client-led, partnering approach.We believe that by combining these qualities and experience we offer a distinct and compelling offering that sets us apart from other firms. More importantly, these attributes help our clients solve the most exacting challenges and seize opportunities.


  • Ashutosh Agarwal

    Ashutosh Agarwal


    Ashutosh Agarwal founded Silkrose Fiscal Services in 2002. He is Pro-active Professional responsible for running  the company, overseeing its continued development  and in particular is focused on the development of new style Investment Banking Model with hands on experience in financial management. Inception to conceptual level of project management for several business strategies is a proven strength of his. He has MBA from Alison University and was nominated as best Business Leader of the Year 2002

  • C.A. Manish Porwal

    C.A. Manish Porwal


    Manish Porwal partnered with Silkrose Fiscal Services in 2018. He is Chartered Account with more than 20 years of experience in accounting and finance management. He has worked with BIG 4 accounting firms and handled big corporates and assignements. He has also worked as a CFO with some large corporate (listed as well unlisted) gaining rich experience in corporate finance debt syndication in the form of Term Loan and Working Capital Finance, Structure Finance, Private Placement and Investor relationships, auditing taxation, vendor development and treasury functions.

Our Approach

Our approach extends to our private, corporate and institutional clients, with whom we aim to build highly valued relationships.

Our Values

  • Client First & Fair             Always go the Extra Mile
  • Esprit de Corps               Ambassadors One & All
  • Integrity                         Agility & Courage




As the business grew and diversified, its expertise began to include other tangible asset investments such as metals , food and software, industrial and infrastructure. Over time, SilkRose Fiscal Services evolved into a Merchant Banking business, offering a broad range of investment, advisory, project delivery and private client services.

Established Company

Founded in 2002 and privately owned, the group is operated by its management team.


The company stepped ahead in the area of consultancy to master themselves as partners with clients in Business Strategy, Risk Management also got associated with IB Company for syndication of Debt Funding & Private Equity

Started Professional Management Services

In 2009 the company started its 1st Professional Management Service to serve the batch of 10 clients who were professionally managed by the capital market experts in the management team.

Become LLP with a Stylish Brand Logo

The company got itself registered under the LLP Act 2008 of Indian Corporate Law Structure. It also changed its Brand Image and Logo to stylish Image changing the Brand ID of the company

Achieving a World Leader in Start-Up

The company achieved a phenomenon success in helping start-up companies to syndicate funds as well as participated in equity as well.

Market Research and Business Intelligence

Publishing regularly to around 943+ clients the Market Research Report on Macro and Micro Economics. Specialized on the Pre-Budget Report. Business Intelligence reports on Industrial internal depth report and investigations

SFSL combines traditional Merchant Banking practices and values with sophisticated Operational Risk Management expertise.


Our approach extends to our private, corporate and institutional clients, with whom we aim to build highly valued relationships.

Our approach is based on:

  • A unique perspective: we harness a range of specialist capabilities to provide a superior end-to-end offering
  • Long-term trusted relationships: our clients enjoy a hands-on and discreet approach based on a deep understanding of their needs
  • Agility and flexibility: we can react quickly and deliver the most appropriate, bespoke solutions to clients from every sector
  • Peace of mind: we are committed to protecting clients’ assets, family, intellectual property, facilities, staff and reputation
  • Full cycle support: we manage and mitigate risk to protect capital at all stages in the investment cycle
  • Economies of scale: clients can reap the benefits of extensive in-house capabilities and knowledge and a global network
  • Energy and enthusiasm: our dynamic team is passionate about helping our clients achieve more than their initial goals


Our vision is to build SFSL into a class leading brand in the form of a fully integrated Risk, Advisory and Investment business synonymous with traditional merchant banking values and a considered, intelligent approach to addressing individual and corporate risks. People will aspire to be associated with our business which will be underpinned by long term, trusting relationships with our partners, clients and employees.

Purpose Statement

We deliver superior services and products that enable business and protect assets to help our clients achieve their financial and personal goals.

Our integrated model of expertise in Risk, Advisory and Investment is our Point Of Difference and we expect to be rewarded with long term relationships built on trust.

Our Values

  • Client First & Fair
  • Always go the Extra Mile
  • Esprit de Corps
  • Ambassadors One & All
  • Integrity
  • Agility & Courage

We believe the true nature of Merchant Banking is the practice of developing bespoke, highly trusted and long term relationships with our clients to help them enable their business, protect their assets and grow their capital.

Our model of Merchant Banking takes into account the risks inherent in today’s world and encapsulates various services to help manage those risks in a proactive way.



Years of


Successful Project


Worldwide Clients


Techincal Support

Captial Market Address

#4, Jolly Bhavan -2,
Vithaldas Thackersey Marg, Churchgate

Mumbai - 400 020. Maharashtra. India

I-Banking Corporate Address

#316, Gold Mohur,
174 Princess Street, Marine Lines

Mumbai - 400 002. Maharashtra. India

Working hours

Monday: 9am - 6pm
Tuesday: 9am- 6pm
Wednesday: 9am - 6pm
Thursday: 9am - 6pm
Friday: 9am - 6pm
Sat-Sun: Off

Phone:+91 22 4979 1026

Copyright © SilkRose Fiscal Services LLP 2014-21. All Rights Reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.
BSE CM AP Reg. No: AP0130340143223 Dt.10-JUL-15.
NSE CM AP Reg. No: AP0627071634 Dt.13-JUL-15.
NSE FO AP Reg. No: AP0627071634 Dt.13-JUL-15.
^AFSL SEBI Reg. No. INH100003084
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SilkRose Fiscal Services LLP is authorize and regulated by The Indian LLP Act 2008 (LLP reg. no. AAC-9629)
SilkRose Fiscal Services LLP is not regulated as a bank, and is not authorized to carry on traditional banking activities such as accepting deposits or holding client money.
SilkRose Fiscal Services LLP conducts investment business with Professional Clients only. Kindly go through company Privacy Policy & Terms & Condition