About Vraj Changani.
Chartered Accountant. Managing Partner at DRSPV & Associates. Mumbai.
I'm Vraj Changani — Vrajkishor R. Changani, known online as Unstoppable VK. A Chartered Accountant based in Mumbai, I focus on two things: taking SMEs and mid-market companies public, and consulting with founders from incorporation to Series B. Managing Partner at DRSPV & Associates, where I lead the IPO consultancy and startup advisory practice.
IPO advisory is the core of what I do. SME IPO on BSE and NSE Emerge, mainboard listings on the main exchanges — DRHP drafting, SEBI ICDR compliance, merchant banker coordination, and the 12-to-18-month roadmap that turns a promoter-driven SME into a listed company. The startup consultancy runs parallel — incorporating right, raising right, and keeping the cap table clean enough that a future IPO is still on the table five years out.
A growing part of the practice is cross-border setup. We handle US (Delaware C-Corp and LLC), UK (Companies House Ltd), Dubai / UAE (DMCC, IFZA, DIFC, ADGM freezones and mainland), and Singapore incorporations for Indian founders — end-to-end, including the ongoing FEMA, ODI, RBI, Companies House, IRS, and UAE corporate-tax compliance that most founders underestimate until they trip over it.
Debt syndication, AIF structuring and formation (Category I, II and III, including GIFT City IFSC funds and family trust structures) and credit rating advisory sit on the same desk - I am Strategic Advisor at Stonebridge Advisors LLP, sponsor and investment manager of Anchor Rock Investment Fund - I, a SEBI-registered Category III AIF. Consultation on any of it starts with a short call.
Everything else — tax structuring, audit, valuation, virtual CFO — is in service of those engagements. Finance, cleanly executed, so the company actually reaches the exchanges.
The journey so far
DRSPV founded
Joined DRSPV & Associates as a founding partner — a practice built on the thesis that institutional-grade rigour shouldn't be reserved for the biggest players.
Crossing borders
First NRI and international engagements. Practice expanded to India ↔ UAE, USA, UK, Australia — building a cross-border advisory muscle.
Scale without shortcuts
Crossed 500+ clients. Deepened the capital markets and IPO advisory practice. Took on first SME IPO mandates. Never compromised the standard.
The personal side
Launched unstoppablevk.com — where I work one-on-one with founders who need strategy, not templates. The firm is the machine; this is the desk.
What I do
SME & Mainboard IPO Advisory
End-to-end IPO consultancy — BSE SME, NSE Emerge, and mainboard listings. DRHP drafting, SEBI ICDR compliance, merchant banker coordination, valuation and the 18-month roadmap from first board memo to listing day.
Startup Consultancy
Full-stack consultancy for founders from incorporation to Series B — entity structure, DPIIT registration, pitch deck review, financial models that survive diligence, cap-table design, and investor readiness.
Fundraising & Capital Raising
From seed SAFEs to PE growth rounds — instrument selection, valuation, term sheet negotiation and investor introductions across angel, VC and PE networks. Pre-IPO placements included.
Debt Syndication
Non-dilutive capital placed at the right bank on the right terms - working capital limits, term loans, project finance, ECB, NCDs, venture debt and refinancing before a fundraise or IPO.
AIF Structuring and Formation
Category I, II and III Alternative Investment Funds in India and GIFT City IFSC - sponsor and manager design, SEBI / IFSCA registration support, fund documents with counsel, and family trust / family office structures. Strategic Advisor at Stonebridge Advisors LLP, Sponsor and Investment Manager of a SEBI-registered Category III AIF.
Credit Rating Advisory
Rating readiness, the information pack and financial model for rating agencies such as CRISIL, ICRA, CARE and India Ratings, management meeting prep, surveillance and upgrade strategy - and linking the rating to your debt cost.
Overseas Incorporation & Consultation
USA first - a Delaware C-Corp or a Wyoming / Delaware LLC for Indian founders and Indian companies: registered agent, EIN and ITIN, US bank account and payment stack, Form 5472 with the pro-forma 1120, state franchise tax and annual report, FBAR / FATCA, and the India side - FEMA ODI or LRS route, RBI reporting and Schedule FA. UK, UAE and Singapore set-ups come second.
Capital Markets & SEBI Compliance
Ongoing SEBI LODR compliance, corporate governance and post-listing strategy for listed companies. QIP, rights issues, buybacks, delistings and takeovers when the next inflection demands it.
Tax Structuring & FEMA
Strategic tax architecture from incorporation onwards — angel tax, Section 80-IAC, ESOP planning, DTAA, transfer pricing and full FEMA compliance for Indian and NRI founders.
Virtual CFO & Strategic Finance
Monthly retainer CFO engagements for growth-stage companies — MIS, cash flow, board reporting, fundraise prep and the internal controls investors diligence at Series A.
Let's connect
The fastest way to get in touch is via email at vk@drspv.in. You can also find me on LinkedIn and X (Twitter). For firm-level engagements, visit drspv.in.