About Us
HCA represents a coalition of specialized skills that is geared to offer sound financial solutions and advices. The forerunners in the organization are:
MR. SANJAY AGRAWAL | Managing Partner
CA Sanjay Agrawal is the visionary founder and Managing Partner of HC Agrawal & Associates. A highly respected
Chartered Accountant and a fellow member of the Institute of Chartered Accountants of India (ICAI) since 1998, he brings
more than 25 years of rich and diversified experience in taxation, corporate laws, and assurance services.
His practice spans across a wide range of sectors including real estate, infrastructure, manufacturing, financial services,
and public sector undertakings. He has successfully led complex assignments in statutory audits, tax audits under Section
44AB, internal and management audits, bank audits, and audits for insurance companies and government undertakings.
CA Agrawal’s sharp understanding of regulatory frameworks and practical application of tax and corporate laws have
made him a sought-after advisor for corporates and institutions alike. Over the years, he has built deep-rooted
relationships with clients, acting not only as a compliance expert but also as a trusted strategic advisor.
Beyond his technical prowess, CA Agrawal is a stalwart in the professional community. He has been actively associated with the Northern India
Regional Council (NIRC) of ICAI, having served as Convenor and Joint Convenor of several study circles. He has organized and spoken at numerous highimpact seminars and workshops on taxation, audit reforms, and emerging business regulations. His thought leadership has contributed significantly to
raising awareness and capacity within the CA fraternity.
Recognized on multiple occasions by NIRC of ICAI for his contributions to both the profession and social causes, he also serves as an active member of
the South Delhi CA Study Circle and the Expert Committee on Direct Taxes of ASSOCHAM. These affiliations underscore his commitment to
continuous learning, advocacy for best practices, and policy engagement.
Under his leadership, HC Agrawal & Associates has grown from a traditional CA practice into a diversified advisory firm with a global outlook. He
remains deeply involved in mentoring the next generation of leaders at the firm and driving the mission of delivering excellence, integrity, and client
value across every engagement
CA Vipul Jain | Senior Manager
Vipul Jain is a Chartered Accountant with over 15 years of experience in internal audit, statutory
audit, and corporate compliance. He has led large-scale audit engagements across industries
including real estate, manufacturing, hospitality, and IT services. Vipul previously worked with
reputed firms such as Dinesh Bajaj & Co. and T.R. Chadha & Co., where he delivered high-impact
assignments, strengthened internal control systems, and received formal recognition for fraud
detection and audit recoveries. His expertise spans SAP, Oracle, ERP systems, audit planning, risk
assessment, and process improvement. Vipul brings a strong analytical mindset, structured
execution style, and a commitment to delivering accurate, insightful audit outcomes.
CPA Malay Agarwal | CEO
Malay Agarwal is a US CPA and finance professional with extensive expertise across IPOs, capital
markets, transaction advisory, and global accounting practices. As part of the new-generation
leadership at H.C. Agrawal & Associates, he plays a pivotal role in expanding the firm’s capabilities
across international outsourcing, capital markets advisory, and high-end financial consulting.
Malay’s professional journey includes impactful roles at Faber Capital (Dubai), where he supported
landmark transactions including a $1 billion buy-side acquisition in the Middle East and a $40 million
M&A deal involving a UAE logistics group. His experience further spans positions at Ernst & Young
and T.R. Chadha & Co., contributing to diverse engagements in due diligence, valuations, strategic
finance, and audit
Academically strong, Malay holds a B.Com (Honors), US CPA, and a postgraduate specialization in Accounting & Finance. He
is also engaged in the startup and pre-IPO ecosystem, advising emerging companies on financial strategy, regulatory
readiness, and cross-border structuring.
As CEO, Malay focuses on modernization of the firm, expanding global outsourcing services, strengthening capital raise
advisory, and building a technology-driven, globally competitive professional services platform. His vision drives HC Agrawal &
Associates toward becoming a future-ready, integrated financial consulting firm with a global footprint.
MS. ANJALI GUPTA / ACA Partner
Anjali Gupta is a qualified Chartered Accountant from the Institute of Chartered Accountants of India, New Delhi (May 2011)
Her professional experience includes:
She is a Member of the Institute of Chartered Accountants of India, since May 2011.Has experience in the field of taxation, corporate laws and statutory audit, Tax Audit U/s. 44AB of the Income Tax Act, 1961, internal audit, bank audits and various other kinds of audits.
She has been actively engaged in Preparation of Financial Statement as per Indian GAAP,Working on SAP (FICO Module) & Preparation of MIS reports.