CA Divyansh Kumar

CA Divyansh Kumar

Divyansh Kumar is a Chartered Accountant qualified from the Institute of Chartered Accountants of India (May 2026) and holds a B.Com (Hons) degree from the University of Delhi. His areas of expertise include Income Tax, GST, DTAA, corporate insolvency, capital markets, and macroeconomic analysis. Through FiscalZenith, he covers Indian tax law, regulatory developments, and corporate case studies with a focus on accuracy and primary source verification.
  • Joined: May 23, 2026
  • Articles: 179

The IL&FS Crisis: How a AAA Rated Lender Defaulted and Triggered India’s Shadow Banking Meltdown

A case study of the IL&FS crisis. Covers the company's founding in 1987, its three decades as a systemically important infrastructure lender, the September 2018 chain of defaults on Rs 99,355 crore of debt, the government takeover and Uday Kotak led board, the green amber red resolution framework, the SFIO investigation, and the seven year resolution process that had recovered Rs 48,463 crore by September 2025.

Tata Group Case Study: 158 Years of Nation-Building, Global Acquisitions, and the Anatomy of India’s Most Trusted Conglomerate

A comprehensive case study of the Tata Group: from Jamsetji Tata's 1868 trading company to a USD 180 billion conglomerate spanning IT, steel, automobiles, aviation, hospitality, FMCG, power, and financial services. Covers governance structure, landmark acquisitions, FY2025 financials of all major subsidiaries, and the strategic outlook for 2026 and beyond.

The PMC Bank Scam: How 21,049 Fake Loan Accounts Brought Down a Cooperative Bank

A case study of the Punjab and Maharashtra Cooperative Bank scam. Covers the bank's history, its Rs 6,500 crore exposure to HDIL hidden through 21,049 fictitious loan accounts, the September 2019 RBI moratorium, the deposit withdrawal crisis, the arrests of Rakesh and Sarang Wadhawan, Joy Thomas, and Waryam Singh, and the final resolution through amalgamation with Unity Small Finance Bank.

Transfer Pricing in India: The Complete Guide Under Income Tax Act 2025

Two group companies in different countries. One charges a ridiculously low price to shift profits. The tax department notices. This is transfer pricing in a nutshell. Read on to understand exactly how India regulates it, what documentation you need, and how to stay fully compliant under the new Income Tax Act 2025.