Asset Verification & Reconciliation · Corporate, Banking & NBFC

We do one thing exceptionally well: find the gap between your register and your assets, before your auditor does.

We verify fixed assets and hypothecated collateral against your register — geo-tagged, photo-documented, and reconciled — so ghost assets and audit gaps never make it to your balance sheet.

🏦 Already deploying infrastructure for banks & NBFCs — verification is a natural extension
Request an Asset Verification Assessment →
NBFC or bank collateral? Talk to risk vertical →
Field engineer scanning and tagging equipment on site
Step 01 · On site
Every asset physically found, scanned & tagged
Serial · host name · asset tag captured at the device — never estimated from last year's file.
Physical verification · Asset tagging
Server and network rack verified against the asset register
Step 02 · IT & branch infra
Servers, switches, UPS, CCTV — all in scope
The same equipment we already deploy and maintain across 780+ districts.
Server room · Branch infrastructure
Retail store floor and back-of-store assets being verified
Step 03 · Store floor to godown
Cash counters, back office, godown — location by location
Site closed only after branch manager or IT SPOC sign-off on email.
Retail & branch floor · Location-wise closure
Verified asset data reconciled against the fixed asset register
Step 04 · Reconciliation
Matched back to your FAR or loan schedule
Ghost assets, missing tags and unregistered assets flagged by category and materiality.
Reconciliation · FAR & loan schedule
Verified across — Axis Bank HDFC ICICI Yes Bank Federal Bank Canara Bank Indian Bank Bank of India IOB Karnataka Gramin Bank Dhanlaxmi Bank Deutsche Bank Barclays HSBC Large-format Retail Big 4 Consulting Starbucks Global Luggage & Lifestyle Brands Healthcare & Hospitals Oil & Energy (PSU) Telecom · Tata Comm, Jio, Airtel
Verified across — Axis Bank HDFC ICICI Yes Bank Federal Bank Canara Bank Indian Bank Bank of India IOB Karnataka Gramin Bank Dhanlaxmi Bank Deutsche Bank Barclays HSBC Large-format Retail Big 4 Consulting Starbucks Global Luggage & Lifestyle Brands Healthcare & Hospitals Oil & Energy (PSU) Telecom · Tata Comm, Jio, Airtel
18,000+
Certified field partners
780+
Districts covered
11 yrs
Running field operations at scale
500K+
Tickets delivered
Ghost assets
Never installed, moved, or quietly written off — commonly cited in the 15–25% range for registers that haven't been physically walked in years.
CARO 2020
Clause 3(i) requires physical verification at reasonable intervals — "we'll get to it" isn't a compliant answer.
"Reasonable intervals"
CARO 2020 never defines the term for Clause 3(i)(b) — the accepted auditor norm is a full verification cycle at least once every three years.
Missing collateral
A hypothecated asset moved or sold isn't discovered until recovery — when it's already too late.
The reality

Your register says one thing. The floor says another.

Most discrepancies aren't fraud — they're just never checked. That gap is exactly where a verification partner earns its place.

See a sample report →
Our experience

Not our first verification cycle. Four live engagements, four different asset problems.

Client names withheld under NDA — references available on request

An NBFC, a private bank, a national retail chain, and a technology services company. Different registers, different asset classes, same field standard.

🏦
01
NBFC
Collateral & branch asset verification
Physical verification of hypothecated assets and branch infrastructure across a multi-state network, reconciled against the loan schedule and reported location-wise to the risk team.
Outcome · Missing and relocated collateral flagged at verification stage, not at recovery
🏛️
02
Bank
Branch infrastructure verification
Branch-wise verification and re-tagging of IT and e-surveillance infrastructure — servers, switches, UPS, CCTV and ATM security devices — with branch manager sign-off before each site was closed.
Outcome · A single branch-wise register the central IT team could actually rely on
🛒
03
National retail chain
Store-level asset verification at scale
Large-format grocery retail — store floor, cash counters, back office and godown verified store by store, with tag reissue where labels had worn off or gone missing on the floor.
Outcome · Discrepancy rate held within audit materiality across the covered estate
💻
04
Tech services company
IT asset verification across 30+ offices
Laptops, desktops, network and AV equipment verified and tagged across 30+ offices in parallel — one schedule, one report format, no regional agency to coordinate separately.
Outcome · 30+ offices closed on a single consolidated register
4
Asset verification engagements delivered
4
Sectors — NBFC, banking, retail, technology services
30+
Offices verified in a single engagement
1
Report format across every site and asset class

Engagement details anonymised — client names shared only under mutual NDA

What we do
2014
Founded
18,000+
Certified field partners

We physically verify and reconcile every asset — on your register and in your loan book.

01
Geo-tagged, photo-documented, on-site
Every asset visited, tagged, and photographed on-site — not estimated from a spreadsheet or a prior year's file.
02
Reconciliation, not just a checklist
Verified assets matched back to your FAR or loan schedule, with discrepancies flagged by category and materiality — ready before the audit, not during it.
03
Built for audit and collateral, alike
Corporate fixed-asset verification for CARO compliance, and hypothecated asset verification for NBFC and bank risk teams — on the same certified field network.
See it for yourself

What your auditor would see, if they asked today.

This is the actual report format you receive — site summary, coverage by asset category, where discrepancies are concentrated, and asset-level evidence underneath it. Every number traceable to a physical visit.

90%
Verified available
7.7%
Tag missing, flagged
2.1%
Register discrepancy
Physical Asset Verification Report
Store #4821 · Nagpur
Verified 18 Jul 2026 · Field Engineer A. Kulkarni
AUDIT-READY
142
Assets checked
90%
Available
Coverage by category
Tag missing
7.7% of assets
Where it's concentrated
Cash Counter, Gr. Fl.7
Godown, First Fl.3
Server Room1
Sample evidence — asset-level detail
Asset TagTypeLocationStatusRemark
AST-10233WorkstationCash Counter AreaAvailable
AST-10241Wireless APGodown, First FloorAvailableTag verified on-site
WorkstationCash Counter, Ground FloorTag Not AvailableFlagged for reissue
AST-10298SwitchServer Room, First FloorAvailableSerial cross-checked
WorkstationCash Counter, Ground FloorNot on FARLogged as discrepancy
Discrepancy rate sits well within the CARO 2020 materiality threshold. Full site-wise report available on request.
Export PDF →

Illustrative sample — actual reports are site- and client-specific, generated per engagement

Request the full sample report pack →
What you receive

Not just a verification visit. A complete handover pack.

01
Report pack
Site-wise verification report, full photo evidence set, reconciliation against your FAR or loan schedule, and a discrepancy summary with materiality flagged by category.
02
Data handling
NDA executed before any register or loan data is shared. Access restricted on a need-to-know basis for the duration of the engagement, then revoked.
03
Field partner vetting
Every field partner is background-verified before assignment, not just certified on paper — the same gate we apply across every Uniserved vertical.
The offering, per device

What actually happens to every single device.

This is the scope we deliver against — the same steps for a laptop as for a rack switch, at every location.

01
Identify
Matched against your inventory by host name, serial number, and/or asset tag — not just counted, identified.
02
Record
Asset and ownership details recorded against the data your asset team provides — no assumptions filled in.
03
Tag
Physical tag or sticker affixed or replaced — using your tags if centrally printed, ours if not.
04
Flag exceptions
Any asset found on-site but not in your register logged immediately, not folded quietly into the final count.
05
Sign-off
Branch manager or IT SPOC sign-off on email before that location is marked closed — not before.
06
Consolidate
Final report by region, branch, asset type, and completion date — closed only on your central team's acceptance.

This is our standard scope of work — the same steps we've delivered against for existing engagements, not a marketing description

What we verify

Every asset type we verify — named, not implied.

The same equipment categories we already deploy and maintain — if it isn't on this list, it isn't in scope yet.

Servers
Servers
Switches & routers
Switches & routers
Firewalls & SDWAN devices
Firewalls & SDWAN devices
CCTV cameras & NVRs
CCTV cameras & NVRs
Access control devices
Access control devices
WiFi access points
WiFi access points
EPABX & telecom systems
EPABX & telecom systems
AV & conferencing equipment
AV & conferencing equipment
Laptops & desktops
Laptops & desktops
Printers
Printers
E-surveillance & ATM security devices
E-surveillance & ATM security devices
UPS & electrical panels
UPS & electrical panels
Segments

Whether you're closing the books or managing collateral risk — same verification, same standard.

Corporate / Audit
CFOs and statutory auditors, CARO 2020 compliance
Fixed asset register reconciled against physical verification, annually or on your audit cycle
Ghost assets and discrepancies flagged before the auditor asks
Materiality-flagged reporting, mapped directly to CARO 2020 Clause 3(i)
NBFC / Bank Collateral
Risk and collections teams, hypothecated assets
Pre-disbursement, periodic, and NPA-stage verification of hypothecated vehicles, machinery, and equipment
Relocated or missing collateral flagged the same day, not at recovery
Verification and reporting only — never repossession or recovery action
On our radar
What recent CARO 2020 enforcement patterns and RBI commentary are actually saying about asset verification
A short read for CFOs, auditors, and risk teams tracking where enforcement is heading.
Geo-tagged Photo-documented Reconciled to your register CARO 2020-ready Pan-India · 780+ districts One certified standard
Geo-tagged Photo-documented Reconciled to your register CARO 2020-ready Pan-India · 780+ districts One certified standard
Get started

Two ways to work with us.

Auditing or managing a fixed asset register?
Get a verification assessment — we sample your register against our field standard before you commit to a full engagement.
Request an Asset Verification Assessment →
Managing NBFC or bank collateral risk?
If you're a risk or collections team verifying hypothecated assets, our field network handles pre-disbursement, periodic, and NPA-stage verification directly.
Talk to our risk vertical team →
Request your assessment
We respond within 24 hours.
Request My Assessment →