Harun Raaj & AssociatesHarun Raaj & Associates

Case studies

Judgment in the wild

A small set of real-world engagements showing how we think about working capital, investigations, and the judgment layer that sits between a problem and the right financial instrument.

Working CapitalRead case study →

How We Unlocked ₹200 Crore in Working Capital Without a Rupee of New Debt

A listed company was facing a tight cash cycle, but the answer was already sitting in its receivables. We structured the release of funds through TReDS so the balance sheet stayed clean and no new leverage was added.

Forensic AuditRead case study →

₹5 Crore in Leakages Found in One Engagement in a Business the Owners Thought They Knew

Family-run businesses often run on trust, and that trust can hide the very leakages that a normal audit never exposes. We used an unannounced mystery-audit approach to surface fraud, leakage, and control failures that had been hiding in plain sight.