Most companies in Coimbatore are family-run, and many are not listed, unlike companies in cities such as Ahmedabad and Bengaluru, said Venkatesh, President, TAASI, while addressing the press during the IPO and Tax Summit 2026.

The summit was jointly organised by Bombay Chartered Accountants’ Society (BCAS) and The Auditors’ Association of Southern India (TAASI) recently at Residency Towers.

Zubin Billimoria, President, BCAS; Kamesh, Secretary of TAASI; Survajith, Chairman of ICAI Coimbatore and committee member of TAASI; and Mahesh Prabu, Treasurer of TAASI, were also present during the press meet.

Venkatesh said companies need to get listed, but they face several challenges, which were addressed during the symposium.

He said the summit features discussions and knowledge-sharing sessions on IPOs and taxation.

Participants from Madurai, Chennai, and Mumbai attended the event. Legal experts from Mumbai, Bengaluru, and Hyderabad also participated to share their knowledge and engage in discussions.

Around 50 industrialists and 70 chartered accountants took part in the symposium.

Speaking about the new government in Tamil Nadu, he said the government should help citizens tackle price rise caused by global uncertainty. On behalf of TAASI, he also congratulated the new government.

He said the State’s income would increase if the government focuses more on industries, which in turn would generate higher revenue for the government.

Responding to a question on the impact of Prime Minister Narendra Modi’s remarks advising against buying gold, he said it would not affect common citizens and would instead help improve foreign exchange reserves.

He also advised companies to manage cash flow efficiently and invest carefully.

“This symposium will help companies understand their valuation, which will support their expansion plans and help them open new branches in other places,” he added.

Need to Increase Membership

Zubin Billimoria, President, BCAS

In his address, he stressed the need to increase membership in BCAS. He said that through such symposiums, the organisation creates awareness about BCAS and its programmes.

He added that most of the programmes are now conducted in a hybrid format after COVID-19, which has helped increase participation. He said the focus of these programmes is mainly on taxation.

He further noted that many people are still not aware of BCAS, and such events help improve the visibility of the organisation and attract more members.