In today’s globalized economy, mergers and acquisitions are being increasingly used the world over as a strategy for achieving a larger asset base. For entering new markets, generating additional manufacturing capacities and gaining complementary strengths and competencies, nowadays organizations focus on the M&A sector to sharpen their edges. Unlike the global market, nine years ago the term ‘advisory services’ was foreign to the Indian space and a majority of promoters were heavily dependant on their charted accountants and accountants who were acting as CFO to solve their financial mysteries. This is when Manhaday Consultants, came into exist; incorporated in the year 2006, on the strong principles of Uday Hegde, today, the firm is a soup to nuts provider in financial advisory services. Being an industry veteran, Uday foresaw the need of the Indian market to embrace the financial advisory sector, which paved the way to the inception of Manhaday Consultants.
Since its inception, Manhaday focused on the SME/MSME segment which is one of the greatest supporters to GDP and gives employment to a large number of individuals than substantial organizations. “Indian SMEs are mostly family promoter driven with less professional expertise / quality management for helping their growth story and we thought we could fill in the gap with our experience and knowledge,” says Uday Hegde, Director, Manhaday Consultants. Under his leadership, the firm has been extending requirement-specific advisory services such as Project Advisory Services, Project & Corporate Finance Syndication, Corporate Advisory Services and Private Equity & Matching international licencee / marketing requirements to different sectors of the industry.
The success of an advisory firm depends on how it foresee the shifting market landscape can impact potential deals. When it comes to Manhaday, the firm helps clients to identify the true value of an opportunity by combining the meticulous financial analysis with the deep industry knowledge. “Our strength lies in understanding business gaps and what we can do with our experience and knowledge to make clients grow,” says Uday. Manhaday consulting professionals bring deep industry expertise gained from countless hands-on experiences spanning functions, sectors and geographies.
Over a period of time, this Mumbai-headquartered firm succeeded in delivering well-planned decisions to its clients, which resulted in furnishing their clients with better opportunities and focused financial goals. Today, a majority of the clients associated with Manhaday enjoy long term solutions and growth opportunity. “We see our success in satisfied clients and client’s satisfaction is our motto. We maintain a close and active relationship with most banks and lending financial institutions in the country,” proudly expounds Uday. Today, Manhaday’s industry experience and innovative thinking coalesce to move their recommendations beyond formula & orthodoxy and pinpoint the best and most practical course of action.
Over the period of time, this Mumbai-headquartered firm succeeded in delivering well-planned decisions to their clients, which resulted in furnishing their clients with better opportunities and focused financial goals
Uday, the promoter believes that it’s time for India to look at acquiring international companies to do joint ventures and there is also a need for an India focused M&A internet site. Perceiving this, in future the firm plans to spread its wings across international boundaries from Singapore to Germany / London in Europe and finally in the US. Looking further, Manhaday is much focused on the Make in India campaign, which allows Indian companies to use their infrastructure to better capacity utilization by taking contract manufacturing.