ow a days for some one to opt for the entrepreneurial journey is not unheard of. The Indian startup scenario has opened up immensely owing to support rendered to first time entrepreneurs through families, industry and government. However, the situation was evidently different a few years back. Hasmukh Shah, a Chartered Accountant by profession chose to take up this road less travelled in 1986, and he founded Hasmukh Shah & Co. (now Hasmukh Shah & Co. LLP) or HSCo, as well known. The first-generation entrepreneur took the bold step in order to fulfill his desire to build an organization of his own. Hasmukh quickly realized that the Accounting & Tax industry is not easy even when you put substantial efforts in make the firm hold its ground and be a business proposition. It was only in 1994 that HSCo had their first major breakthrough when the Indian economic liberation took place and a Fortune 500 company came knocking on HSCo’s doors. Ever since HSCo hasn’t turned back and has today reached dizzying heights in the Accounting & Tax sector.
The firm that started modestly in a residential office filing Income tax returns for individuals and partnership firm has grown immensely over the years and has added plenty of services to their already burgeoning kitty. The firm is now renowned in the industry for various reasons, as Hasmukh Shah elaborates, “a few of our USPs are, us being a one-stop solution for all accounting and tax needs, proactive approach, making client aware of new laws, timely and efficient delivery, value for money, saving them from any penal actions from regulators and unrivalled knowledge base.”
“To the benefit of clients, HSCo has turned out to be a 360 degree service provider encapsulating Accounting, Tax & Compliance all under one umbrella”
The 30 year old organization’s services are divided under three core verticals – Back office Solutions (Accounting & Reporting services, Tax & Regulatory services, Payroll administration, Corporate & Secretarial services), Consulting services (India entry strategy & entity formation, Tax & regulatory advisory) and Evaluation services (Audit & Assurance services, Management consultancy). To the benefit of clients, the firm has turned out to be a 360 degree service provider competition with its consistent and prompt quality services. The 50+ team is backed by experienced encapsulating Accounting, Tax & Compliance all under one umbrella. HSCo has stayed ahead of the and motivated professionals working towards a common philosophy of offering customized solutions. Their services reach out to an array of industries like Airline & Travel, Automobile, IT, Architecture & Infrastructure, Media & Entertainment, Agri-Business, Health & Safety etc, and of which the clientele include American Airlines, Rio Tinto, Louis Vuitton, Eco lab, Danone and many more.
Based in 4 metro cities of India, Mumbai, Delhi, Bangalore & Pune, HSCo has always believed in the mantra of ‘Walking together & growing together’, which has rewarded the company with umpteen successes. Speaking on the future plans for the company, Hasmukh Shah concludes, “Today when GST and IFRS are still in the developing stage, we have equipped ourselves well in advance to cater to the needs of our clients and help them understand and implement the changes. With the vision to have international tie-ups/networks, we plan to expand our reach to other countries and in turn our strategy is to double our size in next three years, both in terms of revenue and headcounts.”