very entrepreneur has a story to tell: One of struggle & success, pain & persistence. Apart from the Big 4’s that was mostly catering to large corporate, there were hardly any consulting companies (more specifically from Chennai) who were catering to small/mid-size corporate. These SMEs & MSMEs needed someone to listen to their story? Hence, MCA was born! Also, since early 2011, the startup buzz started going up. The cost of hiring a full-time CFO did not work out for them. They needed a virtual CFO who can advise them on the pros & cons of deal, funding, compliances and others.
Fortunately for MCA, the time to time advice of their Mentor Padmashri T N Manoharan has helped them overcome obstacles and their success ratio has been more than 85 percent. Taking enormous pride in their journey since their establishment in 2008, Lalit says “During my initial years, being a triplet, my friends used to call me physic for having chosen an early stage consulting company (a startup in all sense) to kick-start my career. On hindsight, I knew I had chosen a field I always wanted to be in. Over a period, my decision proved to be right! At present we advice close to 200+ startups (including corporates whom we still continue to treat as startups as they keep evolving) as on date. We brought in analytical rigor and catalyzed implementation of best practices at an early stage.”
MCA caters its services to both Indian as well as global clients by offering a wide range of services to their clients, right from structuring of entity during incorporation to taking care of FEMA implications, international tax advice to ‘right kind’ of funding.
MCA in short, is a one stop shop solution for SMEs, MSMEs & Startups. “We take pride in our turnaround time. This is an industry where ‘time is money!’ If your turnaround time is not quick enough with consistent quality delivery, you will be washed off the industry,” adds Lalit.
The ‘Art of Getting Things Done’
MCAMCPL has managed more than 200+ valuation reports till date and have put across 50+ business plans
Apart from having an office in Dubai, they have business associates all over the country. Altogether they’ve managed more than 200+ valuation reports till date and have put across 50+ business plans.Initially started with a team of 5, and at present, they are a team of 75+ members from various backgrounds(CA/CWA/CS/MBA/CFM/LLB/CISA). With contentment, Lalit asserts “We have handled transactions of more than US$1.2 Billion in GTV since inception with clientele base from Agriculture, IT, Media & Entertainment, Sports, Hospital, Infrastructure industries among others.
In addition to this, GST coming into effect from 1 July 2017, more than half of the listed corporatesis yet to carry an ‘Impact study of GST on their business’. MCAcoming to the rescue is catering GST services to all small/midsize entities. Also, in a larger picture, they are likely to provide 1000+ job opportunities in training people by getting the right skill set over the next 5 years as part of Skill India movement launched by Honorable Prime Minister. “We would be tieing-up in near future with Ministry of Commerce & Industry for the ‘Startup India scheme’ with the intent to build a strong ecosystem for nurturing innovative and startups in the country,” concludes Lalit.