3 Accountants Built Rs 100 Crore Business from Apartment

When thousands of small business owners kept missing compliance deadlines and getting hit with unexpected penalties during the 2021 pandemic lockdowns, three accountants decided to fix the problem themselves.

Joel Lester D'Souza, Srihari R Dhondalay, and Sidharth Ravichandran were working 16-hour days on WhatsApp and Google Meet, hearing the same frustrations over and over. First-time founders didn't understand what paperwork they needed to file, and their accountants were impossible to reach.

The three friends rented a two-bedroom apartment in Bengaluru's Koramangala neighborhood in September 2021 and got to work. They focused on one specific pain point: helping people actually register their companies without drowning in confusing forms and government bureaucracy.

Their approach was simple but radical for India's compliance industry. Instead of vague promises and lost paperwork, they offered real-time tracking, direct access to chartered accountants, and clear deadlines everyone could understand.

The first year was chaotic. All three founders handled most client calls themselves while squeezing 20 employees into that original apartment workspace.

By October 2022, they'd grown enough to move into their first real office and were generating Rs 20 lakh monthly. The turning point came when they realized Bengaluru wasn't where most of their customers were.

In April 2023, RegisterKaro relocated to Gurugram to be closer to the Delhi-NCR region's dense concentration of small and medium businesses. The move paid off immediately as their monthly incorporation numbers climbed past 2,500.

The company kept expanding its services beyond basic registration to include tax filings, trademarks, patents, and bookkeeping. In May 2024, they opened a Dubai office to help Indian founders expand internationally and foreign entrepreneurs set up shop in India.

Technology became their secret weapon for scaling. They launched AI-powered document validation, automated onboarding systems, and even an AI voice agent to handle routine customer questions, doubling their client capacity.

The Ripple Effect

RegisterKaro's growth mirrors a bigger shift happening across India. The country now adds over 20,000 new companies monthly, with government-recognized startups hitting record numbers in 2026.

What's particularly exciting is where these new businesses are coming from. Cities like Indore, Jaipur, Coimbatore, and Bhubaneswar are now driving significant repeat business, showing that entrepreneurship is spreading far beyond traditional tech hubs.

The founders learned that making compliance knowledge freely accessible to everyone, even non-paying users, builds long-term trust in an industry that traditionally intimidated people. Their 4.6-star rating across 8,000+ Google reviews suggests that transparency and reliability matter more than flashy marketing.

"Starting a business in India should be empowering, not overwhelming," says co-founder Sidharth Ravichandran. For 50,000 founders and counting, RegisterKaro has made that vision real.