Starter
₹24,999+ GST
3-year projections.
- 3-year P&L, balance sheet and cash flow
- Key assumptions sheet
- One revision round
Financial projections for startups, every assumption on one sheet.
3 or 5 year models, scenarios, use of funds and CMA data in the format banks and investors ask for.
Price estimator
- 1Price
- 2Details
- 3Done
Stage
Raising
What you have
Plan
Everything in Starter, plus
- 5-year model with scenarios
- Business plan document
- CMA data format for lenders
- Two revision rounds
- Professional fee₹34,999
- GST at 18% on our fee₹6,300
Fee plus GST
No government fee.
Key facts
- Service
- 3 or 5 year financial model: profit and loss, balance sheet, cash flow and one assumptions sheet
- Formats
- Investor model, bank CMA data and project report, or a grant and incubator business plan
- Time taken
- About a week for a 3-year model; about two for a 5-year model with scenarios and a business plan
- Our fee from
- ₹24,999 + GST
- Government fees
- No government fee.
- Who it is for
- Founders who need a model for investors, a bank, a grant or their own planning
- Revisions
- One round on Starter, two on Growth
- Reuse
- Rolled forward each year with a new opening balance sheet, or handed to our CFO service
Why founders trust BizExpress
- 4.8on Google
- 2,500+companies incorporated
- DPIIT-recognisedstartup
- 6 working hoursreplies within
Trusted by teams at
Is our financial projections service right for you?
It fits if you
An investor has asked for your numbers
After the deck, the next request is a model: revenue build-up, costs, hiring, cash flow and use of funds. A model with formulas, not pasted values, keeps the conversation moving.
You are applying for a bank loan
Banks want a project report and CMA data in a fixed format, with ratios they compute the same way every time. We build the model so the CMA sheets fall out of it.
You are deciding whether to hire or expand
A three-scenario model shows what happens to cash if sales land at 70%, 100% or 130% of plan. It is the cheapest way to see a runway problem six months early.
Transparent pricing. Government fees itemised, always.
Professional fees below are one-time and exclude GST. There is no government fee. Bank processing charges, if any, are paid to the lender.
Growth
₹34,999+ GST
5-year model, bank-ready.
Everything in Starter, plus
- 5-year model with scenarios
- Business plan document
- CMA data format for lenders
- Two revision rounds
Why the ₹999 offers cost more
The ₹999 offerBizExpress
AssumptionsBuried in formulas, changed by hand in ten placesOne assumptions sheet that drives every other sheet; change a price and the whole model updates
The three statementsA profit and loss only, with no balance sheet, so cash is a guessP&L, balance sheet and cash flow that tie, so the cash balance is real
Bank formatReformatted at the last minute when the bank rejects itCMA data and ratios computed the way the bank's credit team reads them
Who builds itA template with your name typed inA finance expert who has sat in the bank's and the investor's chair
What happens, day by day
Counted in working days from the kickoff call. A 3-year model takes about a week and a 5-year model with scenarios and a business plan about two.
- 1Day 0
Kickoff
A call on the business model, the purpose of the projections and what data exists. You share the past financials, pricing and cost information on WhatsApp or a shared drive.
- 2Day 1 to 2
Assumptions sheet
You receive one sheet with every driver: pricing, volumes, customer acquisition, salaries, rent, capital expenditure, working capital days, tax and funding. We agree these before any output is built.
- 3Day 3 to 5
Model built
Monthly revenue build-up, cost structure, hiring plan, fixed assets and depreciation, working capital, loan schedule where relevant, and the three statements that tie. Annual summaries for the years you need.
- 4Day 5 to 7
Scenarios and outputs
Base, downside and upside cases with the drivers that differ. Use of funds, break-even, runway and, in the Growth plan, CMA data sheets and a written business plan that reads from the same numbers.
- 5Day 7 to 10
Review and revision
A walkthrough call, your feedback and the revision round. Final files as an Excel workbook with live formulas, a PDF summary and, where included, the business plan document.
Where the model goes next
- Investor meetingsThe model answers the unit economics and use-of-funds questions after the deck
- Loan applicationCMA data, project report and the projected ratios go into the bank's file
- Each quarterCompare actuals with the base case and update the drivers, or hand this to our CFO service
- Next round or next yearRoll the model forward with a new opening balance sheet rather than starting again
- Grant or incubator applicationThe business plan document and the 5-year summary go in as they are
Documents you need
For a new business, the first group is enough. For a running business, add the second so the model starts from real numbers.
About the plan
- How you make money: products or services, pricing and who pays
- Expected volumes and how you will acquire customers, with any evidence so far
- Team and hiring plan with approximate salaries
- Fixed costs: rent, software, marketing, and any equipment or fit-out to buy
- Funding plan: equity, loan or grant, how much and when
About the existing business
- Last two years of audited accounts or income tax returns
- Current year MIS or a trial balance to the latest month
- Bank statements for the last 12 months, if the model is for a lender
- Existing loan sanction letters and repayment schedules
- GST returns for the last 12 months, if registered
About the funding
- For a loan: the amount, the purpose, the tenure you want and any lender's format you have been given
- For a round: the raise, the instrument and the runway it should buy
- For a grant: the scheme's template, if it has one
Want this as a checklist?
We send the list to your WhatsApp so you can tick it off from your phone.
Six mistakes we see every week
- A revenue line that grows 20% every month with no driver
Investors and bankers look for the build-up: customers times price times frequency. Growth should come from a marketing budget, a sales team or a channel, not from a formula.
- Forgetting working capital
A profitable business can run out of cash if customers pay in 60 days and suppliers want 15. Receivable, payable and inventory days belong on the assumptions sheet.
- No balance sheet
Without a balance sheet the cash flow cannot tie, and a bank's credit team will send the file back. The three statements are built together or not at all.
- One scenario
A single case tells the reader you have not thought about what could go wrong. A downside case with a plan for it is more reassuring than an optimistic base case.
- GST and TDS ignored in the cash flow
Output GST is collected and paid over, input credit takes a month to arrive, and TDS on receipts is cash you do not get until the refund. All of it moves the cash balance.
- Projecting five years when three would do
An early-stage investor rarely believes year four. Use five years only when a bank or a grant asks for it, or when the loan tenure needs it, and keep the detail in years one to three.
Photo: fundraising expert at the Mumbai office, 1:1
Reviewed by the BizExpress fundraising team
[Expert name], [qualification], [membership number]
[Two-sentence bio: years of fundraising work, number of files handled, the kind of founders they usually work with. Written in the first person.]
What founders say
It's been 5 years since the incorporation of my private limited company and they are experts at what they do.
Knowledgeable, professional and very cooperative. We can totally concentrate on business, leaving all financial compliance to them.
Thanks Team BizExpress. It was refreshing to see an online service provider with such professionalism.
Questions founders ask about Financial Projections
How much do financial projections cost?
Our professional fee starts at from ₹24,999 for a 3-year model with a profit and loss, balance sheet and cash flow, a key assumptions sheet and one revision round. The Growth plan adds a 5-year model with scenarios, a business plan document, CMA data in the lender's format and two revision rounds. GST at 18% applies; there is no government fee.
How long do financial projections take?
About a week for a 3-year model and about two weeks for a 5-year model with scenarios and a business plan, counted in working days from the kickoff call. The assumptions sheet reaches you within two days. The main variable is how quickly you confirm the drivers; once they are agreed, the build itself is three to five days.
Should I build 3-year or 5-year projections?
Three years for investors, five for banks and most grants. Early-stage investors focus on the next 18 to 36 months, and detail beyond that is not believed. Banks size a term loan over its tenure and want to see repayment covered through the period, so they ask for five years or the loan tenure, whichever is longer. Both plans share the same assumptions sheet.
What is CMA data and why does the bank want it?
CMA stands for Credit Monitoring Arrangement. It is a set of statements in a format banks use to assess a loan: operating statement, analysis of the balance sheet, working capital, funds flow and ratios such as current ratio and debt service coverage. The bank's credit team compares these against its own norms, so the format has to be right.
What scenarios do you build?
Base, downside and upside, driven by the two or three assumptions that matter most for your business, such as sales volume, price or customer acquisition cost. Each case shows revenue, profit, cash balance and, for a loan, the debt service coverage ratio. You can switch cases with one cell, and the outputs update across the workbook.
What goes into the use of funds?
How the money you raise or borrow will be spent, by head and by month: hiring, marketing, product, working capital, equipment, and a buffer. It reconciles to the raise on the deck or the loan amount in the application, and it shows the runway the money buys. Investors and bankers read this line by line.
Do you also write the business plan document?
Yes, in the Growth plan. It is a written document, usually 15 to 25 pages, covering the business, market, operations, team, risks and the financial summary, drawn from the same model so the narrative and the numbers agree. Banks, incubators and grant schemes typically ask for it alongside the projections.
Can you build projections for a new business with no history?
Yes. Many of the projections we build are for businesses under two years old. Without history, the assumptions carry more weight, so we spend more time on them: pricing benchmarks, realistic ramp-up, customer acquisition costs and the fixed costs you are already committed to. The result is a model you can defend line by line.
Will the model tie to my actual accounts?
For a running business, yes. The model opens from your latest balance sheet and the first months are compared against actuals, so a banker or investor can see where the plan meets reality. Once the model is in use, updating it against actuals each quarter is straightforward, and our CFO service can do that for you.
How often should projections be updated?
Every quarter for a running business, and whenever a big assumption changes: a new pricing plan, a large customer, a hire freeze or a funding decision. The model is built so that updating means changing drivers on one sheet, not rebuilding. Investors and banks notice when a founder brings a current model to the second meeting rather than the one from six months ago.
What format do I receive?
An Excel workbook with live formulas and a clear sheet structure: assumptions, monthly model, annual summaries, scenarios and outputs. A PDF summary for sharing. In the Growth plan, the CMA data as separate sheets in the bank's layout and the business plan as a Word and PDF document. You own the files with no restrictions.
Sources and official references
Government fees, forms and due dates on this page are checked against these portals. Where a state or a year changes a figure, we say so on the call.
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