Family owned businesses have always formed the backbone of the Indian economy. However, most such businesses face challenges and eventually perish with the passage of time. However, organizations that have the right mix of innovation and time tested solutions emerge as winners. One such organisation is P. R. Kumar, a provider of financial advisory solutions. The three decade old family business, P. R. Kumar, continues to retain its spirits and capability to be competitive and innovative even today. Started as a Chartered Accountancy firm, P. R. Kumar at present stands as a trusted corporate finance, Business and Tax advisory company. Based within the heart of the Indian capital, P. R. Kumar is a niche middle market financial advisor serving small and medium sized companies within and outside India.
P. R. Kumar’s inception dates back to 1981 when an industry veteran P. K. Agarwal ventured into the financial space with audit and tax advisory services. Guided by his values and principles, the company went on to do exceptionally well for years. And later in 2008, he was joined by his sons Nimit Agarwal and Ankit Agarwal, who brought a new outlook and additional services to the table. Their basic motive was to make P. R. Kumar, a global brand name as competent as the big four. Thus, to cater to the needs of its clients, they emerged with solutions for corporate finance, internal audit, fund raising, investment banking and Tax Litigations. The company focuses on three major service areas i.e., advisory, assurance (audit) and taxation.
To deliver these services, it has specialized, vertical specific teams that assist clients across industries.
Giving new dimensions to a business opens new avenues for it. This is exactly what the new age entrepreneur duo wanted to do. However, their initial early years of operations in P. R. Kumar had certain challenges for them. But, at the same time, they had the advantage of a well-established client base across verticals. Besides, their enriched experience in the finance advisory space and network of contacts in the industry helped them sail through the hardships. They also initiated associations with Divitas Capital, Aadhar Securities and other leading names in the industry to reach out to customers based across geographies. Detailing the company’s challenges, Nimit Agarwal who is a post-graduate from The London School of Economics and a CA, says, “People expect you to have grey hair when you are raising funds or providing them consulting so that was a big challenge because we are a young team. We had to overcome it and provide them best level of service. Thus, we focus a lot on quality.”
The company focuses on three major service areas i.e., advisory, assurance (audit) and taxation. And, to deliver these services, it has specialized, vertical specific teams that assist clients across industries
Over the years, the company has been raising funds for companies operating in the FMCG, retail, infrastructure and various other sectors. Another major segment, where the team has come up as a pioneer is M&A. It has helped a multitude of international businesses to step in the Indian market by helping them carry out mergers & acquisitions. Even in the years to come, the organization aims to explore the opportunities in specialised taxation like search and seizure litigations, corporate finance and audit. “We still consider our organization as a young firm and are looking to grow in the years to come,” concludes Nimit.