Belgaum, the "Hydraulic Capital of India," runs on 150+ foundries casting over 1.6 lakh tonnes a year for Mahindra, Bajaj and Caterpillar, plus India's first aerospace SEZ and 24 sugar factories. EaseUp gives these MSME founders a true Virtual CFO.
EaseUp embeds a seasoned finance leader for a fraction of a full-time hire. We build job-level costing for castings and machined parts, tighten OEM receivables, model capex for furnaces or CNC lines, and keep GST, professional-tax and MSME filings clean for larger contracts.
Belgaum is a major manufacturing cluster. Its 150-200 foundries produce over 1.6 lakh tonnes of ferrous castings worth over Rs 700 crore a year, employing 7,500 people across Udyambag, BEMCIEL and Macche estates and supplying Mahindra, Bajaj and Caterpillar. It is the Hydraulic Capital of India.
Startup Ecosystem: Belgaum's growth is industrial. Aequs runs two units in its Belagavi aerospace SEZ and is building a USD 500-million toy cluster in Koppal targeting 25,000+ jobs. Karnataka's 2022-27 Startup Policy offers Elevate grants up to Rs 50 lakh and SGST reimbursement.
Key economic, startup and industry indicators for the city.
Karnataka levies professional tax: employers deduct Rs 200/month for staff earning Rs 15,000+, and enrolled proprietors pay up to Rs 2,500 yearly by 30 April. The 2022-27 Startup Policy offers Elevate grants up to Rs 50 lakh plus SGST reimbursement, while industrial policies add capital subsidies and stamp-duty relief for eligible MSMEs. Founders must keep Udyam/MSME registrations and SEZ export obligations current. EaseUp ensures filings stay compliant and incentives are actually claimed.
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For most Belgaum MSMEs, a Virtual CFO typically costs between Rs 40,000 and Rs 2,00,000 per month, depending on the depth of work. A smaller foundry or hydraulics unit needing monthly MIS, costing and compliance oversight sits at the lower end, while units pursuing fundraising, SEZ-export structuring or multi-plant operations engage at the higher end. This is a fraction of a full-time CFO's salary plus benefits, which easily exceeds Rs 40-60 lakh a year in India. Because EaseUp engagements are scoped to your needs, you pay for senior finance leadership only at the intensity your business requires, and can scale up during expansion or fundraising.
Testimonials
Here's what they say about working with us..
"From GST filings to due diligence, EaseUp manages the heavy lifting. They have a remarkable follow-up system that ensures we never miss a deadline, allowing us to focus entirely on our core business."
"EaseUp didn't just organize our books; they gave us a financial roadmap. Their Virtual CFO services provided the clarity we needed to scale without the overhead of a full-time hire. Truly a strategic partner for our growth."
From Udyambag foundries to Belagavi SEZ exporters and the sugar belt, EaseUp helps founders turn strong order books into strong cash. Let's talk numbers.
Figures draw on the Government of Karnataka (Startup & Industrial Policies), Ministry of MSME and Udyam data, Invest India, IBEF, and reporting from The Economic Times and Business Standard. Figures reflect the latest available data as of 2025-26.
Authoritative data sources & references — our city data is compiled from official government and industry sources:
Government & Industry Sources
Virtual CFO Services Across India — EaseUp serves businesses in 100+ cities. Find Virtual CFO services in your city below.
Reviewed by CA Aditya Chokhra — Chartered Accountant and finance & Virtual CFO advisory specialist at EaseUp, with 15+ years in Indian finance and tax. City data is compiled from authoritative public sources including DPIIT, IBEF, RBI and state government economic surveys. EaseUp brings 500+ businesses served and 55,000+ compliance filings with zero penalties. LinkedIn: linkedin.com/in/aditya-chokhra · achokhra@gmail.com
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