Nagpur’s civic body is looking for more than just bean counters — it wants financial strategists. In a high-stakes move, the Nagpur Municipal Corporation (NMC) has floated an Expression of Interest (EOI) to rope in a top-notch chartered accountancy firm that will serve as its financial advisor from August 1, 2025, to July 31, 2028.
But this isn’t your average audit gig. The selected firm will act as NMC’s financial command center — tackling tax notices, handling bond documentation, coordinating with banks, managing credit ratings, and advising on flagship schemes like PMAY and RERA. Think CFO duties for the entire city.
Eligibility is tight: only Nagpur-based firms with 15+ years of experience, over ₹1 crore turnover, ICAI and C&AG registration, and a strong track record with other municipal bodies will qualify. No consortiums or blacklisted firms allowed.
Scoring? Brutal. Technical strength holds 75% weight, and firms must score at least 75 out of 100 to move ahead.
The chosen firm must deploy one full-time qualified CA and two semi-qualified staffers to NMC — embedded in civic operations, guiding everything from e-governance to land acquisition taxation.
Even if there’s only one eligible bidder, NMC won’t hesitate to sign them on — provided they meet the bar.
In an era where credit ratings matter as much as concrete roads, this move signals a shift: Nagpur is ready to run like a company. The books must not just balance — they must shine.
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