Entity setup
Ancillary Service Provider (ASP)
Professional and support services to financial institutions in IFSC
About this entity type
A very brief overview
An Ancillary Service Provider is a non-financial, professional services unit authorised to serve financial institutions in the IFSC — legal, compliance, audit, tax, fund administration, actuarial, trusteeship, IT and consultancy work. It is the lightest-touch IFSCA authorisation: no capital-market licence, no minimum owned fund of a financial entity, and a single authorisation letter covers the permitted service list.
Who it suits: Law firms, CA and CS firms, consultancies, fund administrators, KPO/BPO and technology service firms that want an IFSC presence with tax benefits and dollar billing.
Applicable regulation
IFSCA (Ancillary Services) Framework
Sets the permissible ancillary activities, eligibility of the applicant group, application process and reporting for ASP units in the IFSC.
Official sourceSEZ Act, 2005 and SEZ Rules, 2006
Unit approval, Letter of Approval (LOA) from the Development Commissioner, lease of space and customs/SEZ compliance for the IFSC unit.
Official source
Registered entities
Entities registered under Ancillary Service Provider (ASP)
43 entities on the IFSCA register. Live data from the IFSCA directory.
| Entity | Sub-category | Registration | Validity |
|---|---|---|---|
| Aadidaivam International Private Limited | Ancillary Service Provider | IFSCA/2021-22/AS/00100/002117 Sept 2021 | Perpetual / Not stated |
| Acumen Aviation Leasing IFSC Private Limited | Ancillary Service Provider | IFSCA/2021-22/AS/00010/001210 May 2021 | Perpetual / Not stated |
| Akshayam Corporate Advisors | Ancillary Service Provider | IFSCA/2024-25/AS/10100/006112 Sept 2024 | Perpetual / Not stated |
| Akssai IFSC Private Limited | Ancillary Service Provider | IFSCA/2023-24/AS/11100/005428 Mar 2024 | Perpetual / Not stated |
| Amicorp Trustee (India) Private Limited | Ancillary Service Provider | IFSCA/2021-22/AS/00110/003217 May 2022 | Perpetual / Not stated |
| Ascent Fund Services (India) Private Limited | Ancillary Service Provider | IFSCA/2022-23/AS/00010/003507 Sept 2022 | Perpetual / Not stated |
| Aurtus Consulting LLP | Ancillary Service Provider | Not published by IFSCA— | Perpetual / Not stated |
| Basiz Fund Services Private Limited | Ancillary Service Provider | IFSCA/2021-22/AS/11010/000804 May 2021 | Perpetual / Not stated |
| Beacon Asset Services ( IFSC ) Private Ltd | Ancillary Service Provider | IFSCA/2024-25/AS/00010/007728 Mar 2025 | Perpetual / Not stated |
| BullionEx Services LLP | Ancillary Service Provider(Surrendered Authorisation/Registration) | IFSCA/2023-24/AS/10100/004828 Dec 2023 | Perpetual / Not stated |
| Crest Finserve Limited | Ancillary Service Provider | IFSCA/2023-24/AS/00100/004204 Sept 2023 | Perpetual / Not stated |
| Dhaval Vussonji & Partners | Ancillary Service Provider | IFSCA/2023-24/AS/10000/004925 Jan 2024 | Perpetual / Not stated |
| Economic Laws Practice | Ancillary Service Provider | IFSCA/2022-23/AS/11000/003712 Oct 2022 | Perpetual / Not stated |
| Enefu Advisors LLP | Ancillary Service Provider | IFSCA/2021-22/AS/00001/000628 Apr 2021 | Perpetual / Not stated |
| Entigrity Services LLP | Ancillary Service Provider | IFSCA/2023-24/AS/01000/004606 Dec 2023 | Perpetual / Not stated |
Timeline & approach
How we take Ancillary Service Provider (ASP) from plan to authorisation
Step 1
Eligibility & structure
We map your activity to the right IFSCA category and sub-category, confirm net worth, KMP and shareholding eligibility, and fix the holding structure.
Step 2
SEZ unit approval
Unit application to the Development Commissioner, Letter of Approval, office space lease and NDC/customs registrations.
Step 3
IFSCA application
Application, business plan, policies (AML/CFT, risk, outsourcing, cyber), KMP profiles and query resolution until in-principle approval.
Step 4
Go-live & compliance calendar
Bank account, systems, statutory registrations, commencement intimation and handover to a live obligation calendar in your Gateway portal.
Scope & commercials
Confirmed in writing after a scope review
We read your structure, activity and regulatory route first, then set out the scope and engagement terms in writing.
Why GIFT City Gateway
Why sponsors pick us for this
Category specialists
We work only on GIFT IFSC mandates — the regulation, the reviewer questions and the SEZ process are our daily work.
One accountable owner
A named Gateway lead runs your application end to end, not a rotating coordinator queue.
Live intelligence
We track every authorised entity in this category, so your structure is benchmarked against real precedents.
Setup to steady state
Registration hands over into a live compliance calendar in your client portal — no gap after go-live.
Next step
Tell us what you need for Ancillary Service Provider (ASP)
Share your plan and we respond with the eligibility read, the document list and the execution approach.
- • Eligibility and net-worth check against the applicable regulation
- • Structure options (branch vs subsidiary, holding jurisdiction)
- • Week-by-week plan across SEZ and IFSCA
- • Fixed-fee proposal with the compliance calendar that follows
Lead details