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Our team at TRM & Associates comprises a dynamic group of experienced Chartered Accountants, finance professionals, and industry specialists who bring deep technical expertise and practical insight to every assignment. With a collaborative approach and a commitment to continuous learning, our team stays updated with evolving regulations, technologies, and industry best practices. We emphasize precision, integrity, and timely execution, ensuring that each client receives well-researched, reliable, and value-driven solutions. United by a shared vision of excellence, our team stands as the firm's strongest asset in delivering high-quality professional services.
CA. Ram Murthy Telukuntla - B.Com, FCA, MBA
Founder and Managing Partner
CA. Ram Murthy Telukuntla is the Founder and Managing Partner of the firm and a Fellow Member of the Institute of Chartered Accountants of India with over 35 years of post-qualification experience and an additional 3 years of pre-qualification exposure. He began his professional journey with leading public sector undertakings, including National Thermal Power Corporation (NTPC) and Power Grid Corporation of India, where he served for 15 years in various finance roles and held senior-level responsibilities.
Over the years, he has developed deep expertise across multiple domains, including audit, taxation, fund management, project finance, expatriate taxation, financial advisory, due diligence, mergers and acquisitions, and certification services. His professional strength lies in his integrity-driven approach, commitment to quality, and ability to provide reliable, client-focused solutions. With nearly four decades of industry exposure, he is known for successfully navigating complex client matters with accuracy, judgment, and strategic insight.
His extensive understanding of diverse business environments has enabled him to advise and support small, medium, and large enterprises across sectors. He has been instrumental in guiding organizations through financial planning, compliance, restructuring, and strategic decision-making.
CA. Ram Murthy also specializes in tax planning and representation before direct and indirect tax authorities. His expertise includes corporate and non-corporate tax planning, advisories to high-net-worth individuals, handling departmental assessments and appeals, DTAA advisory, and transfer pricing documentation. He has successfully represented clients in various litigation forums and has advised several organizations on designing tax-efficient compensation structures for their employees. His commitment to excellence continues to inspire the firm's culture and professional standards.
Mr. MVS Nageswararao - B.Com, ACA
Partner
Mr. MVS Nageswararao is a Partner in the firm and a qualified Chartered Accountant with extensive professional experience in banking, finance, and corporate management. He has worked with three leading private sector banks, holding senior roles with a strong focus on credit analysis, lending operations, and risk assessment. His expertise in credit processes, loan structuring, and financial evaluation has given him deep insight into the banking system and its operational requirements.
Over the past 10 years, Mr. Rao has held senior finance and accounts positions across various organizations in India and abroad, strengthening his understanding of global business environments and financial management practices. Prior to joining the firm, he served as the General Manager at Madhucon Infra Ltd., where he was responsible for overseeing key financial operations, project financing, and corporate financial planning.
His strong background in banking and corporate finance brings significant value to the firm, particularly in areas such as statutory bank audits, concurrent audits, stock and receivable audits, credit monitoring reviews, and project finance assignments. His analytical approach, practical industry knowledge, and disciplined execution help the firm deliver reliable, high-quality services while guiding clients through complex financial and banking requirements.
Mr. V. Mastan Rao - B.Com, ACA
Partner
Mr. V. Mastan Rao is a Partner in the firm and a Chartered Accountant with over three decades of distinguished experience in finance, internal audit, and corporate governance. He served for 33 years with National Thermal Power Corporation (NTPC) and Power Grid Corporation of India, where he held key leadership roles and headed the Internal Audit department. During his tenure, he was responsible for overseeing internal control systems, risk management processes, audit planning, and compliance monitoring across multiple operational units.
His comprehensive understanding of financial operations, contract procedures, project processes, and administrative systems has contributed significantly to building strong governance and internal control frameworks in the organizations he served. His expertise also extends to evaluating process efficiency, detecting operational gaps, and recommending practical solutions aligned with regulatory and business requirements.
Since joining the firm in 2014, Mr. Mastan Rao has played a vital role in handling complex client assignments, especially those involving internal audits, contract reviews, compliance checks, and operational process assessments. His vast experience, analytical reasoning, and structured approach have been instrumental in resolving both routine and unique client challenges. His contribution enhances the firm's capability in delivering reliable, insightful, and value-driven solutions across industries.
Mrs. Shalini Telukuntla - CA, US CPA
Partner
Mrs. Shalini Telukuntla is a Partner in the firm and a distinguished finance professional, holding both the Chartered Accountant qualification from India and the US Certified Public Accountant credential. Her dual expertise enables her to bridge international accounting standards, tax frameworks, and compliance requirements with ease. She has extensive experience in financial reporting, cross-border taxation, regulatory compliance, and advisory services for multinational entities and high-net-worth individuals.
Her strengths lie in her analytical approach, structured thinking, and ability to simplify complex financial matters for clients. She plays a key role in guiding organizations on global tax planning, international financial reporting standards, and compliance with US GAAP and IFRS. Known for her precision, professionalism, and client-focused mindset, Mrs. Shalini contributes significantly to the firm's strategic growth, especially in international taxation and global accounting services. If you would like, I can expand her profile further based on her experience or areas she handles at TRM.
Mr. Devender Kodam - B.Com, ACA
Partner
Mr. Devender Kodam is a Partner in the firm and a qualified Chartered Accountant with extensive experience gained from working with some of the most reputable organizations in the finance and advisory ecosystem, including one of the Big 5 accounting firms. His experience spans multiple disciplines such as bookkeeping, accounting, auditing, direct and indirect taxation, and business valuation. His professional journey includes successful stints at leading firms like BDO, Eton Solutions - Family Office, and Komandoor & Co. LLP, one of India's Top 10 CA firms. This exposure has equipped him with strong technical knowledge and a deep understanding of corporate finance and compliance landscapes.
His core strengths lie in business valuation, debt and private equity syndication, CMA data projections, project financing, and advisory services related to IPOs, FPOs, corporate restructuring, and asset management. Mr. Devender is also highly skilled in strengthening internal control systems, performing share valuations, and handling ESOP valuations for both listed and unlisted public companies. His strong analytical skills, strategic mindset, and solution-driven approach enable him to assist clients in achieving efficient capital structuring, financial clarity, and long-term growth. His expertise continues to play a key role in driving the firm's valuation and fundraising practice.
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