EaseUp embeds a senior Virtual CFO and finance team into your Bhubaneswar business. This costs a fraction of a full-time hire. We own your planning, fundraising support, compliance and reporting. So you stay focused on clients at Infocity, students on campus, or patients in your clinic. We bring 15+ years serving 500+ businesses and Rs 1,500+ crore raised. This gives Odisha's founders institutional rigor.
Key economic, startup and industry indicators for the city.
Helped clients raise over ₹1,500 crore with investor-ready books, MIS and fundraising support.
Completed GST, TDS, ROC and PT filings on time with zero penalties.
Delivered founder, investor and CFO MIS reports every month with 100% accuracy.
Moved 115+ companies from zero-compliance to full statutory health before investor rounds.
Built and managed 140+ investor-ready due diligence data rooms.
Supported 150+ diligence engagements across fundraising and transaction processes.
Completed 500+ valuation assignments for compliance, strategy and investor readiness.
Delivered virtual CFO, compliance and advisory support across 15+ industries.
Bhubaneswar is Odisha's economic and IT capital. Its service economy spans information technology, education, healthcare and tourism. Infocity-1 in Patia was developed under the EPIP scheme. It hosts Infosys (operating since 1997), Wipro, IBM and ESSPL. TCS runs a 7,000+ employee delivery centre at Kalinga Park SEZ. This sits in Chandaka Industrial Estate. Odisha has drawn IT/ITES investment intents of Rs 20,900 crore (US$2.36 billion). A 5,500-acre IT hub now expands the city's tech base.
Startup Ecosystem: Odisha has more than 2,500 active startups registered under Startup India. They span IT, AI, agritech, fintech, healthcare and biotech. Women lead about 40% of them. The state's ventures have drawn close to Rs 370 crore in external investment. Startup Odisha has launched a Rs 100 crore Odisha Startup Growth Fund. SIDBI is the fund manager. Bhubaneswar is the ecosystem's hub. It is home to KIIT-TBI and IIT-Bhubaneswar's entrepreneurship park.
Odisha levies professional tax under the Orissa State Tax on Professions Act, 2000. Annual income up to Rs 1,60,000 pays nil. From Rs 1,60,000 to Rs 3,00,000, you pay Rs 125 a month (Rs 1,500/year). Above Rs 3,00,000, the tax is Rs 2,500 a year. It is deducted monthly and paid to the Commercial Tax Department. The Odisha Startup Policy gives recognised startups a Rs 20,000 monthly allowance. This rises to Rs 22,000 for women, transgender and SC/ST/SEBC/PH founders. It adds a 50% incubation rental subsidy up to Rs 5,000. Eligible founders also get up to Rs 16 lakh product-development support. The Odisha IT Policy 2025 adds capital subsidies of up to 30% on fixed capital investment. It also brings IPICOL's single-window clearance and SEZ benefits at Kalinga Park. Founders must also meet GST, TDS and ROC obligations.
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Join 500+ founders who trust EaseUp for boardroom-grade finance. Let us show you how a Virtual CFO accelerates growth for your Bhubaneswar business.
Virtual CFO services in Bhubaneswar typically cost about Rs 40,000 to Rs 2,00,000 per month. The price depends on your stage, transaction volume and scope. An early-stage edtech or IT services startup needs core compliance and MIS. It sits at the lower end. A funded venture needs active fundraising, treasury and board reporting. It sits higher. A full-time CFO in Odisha costs Rs 40,000 to Rs 80,000-plus per month. This is only a fraction of that. You also avoid equity, benefits and hiring risk. EaseUp scopes a plan to your needs. So you pay only for the finance leadership you actually use. Book a free consultation for a tailored quote.
Figures come from authoritative public sources. These include IBEF, Startup India and Startup Odisha (Government of Odisha). They also include the Odisha IT Policy 2025, IPICOL and PIB. We add verified industry reporting from YourStory, NIRF 2024 and the Odisha Commercial Tax Department. 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
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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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