A privately held Company, over 20 years old, headquartered in California, with a turnover of ~US$300 million and having more than 4500 employees in India.
Role of FinAdvisors:
- Operating Finance function including
- MIS
- Business support
- Treasury
- Accounting and auditing
- Budgeting & forecasting
- Oversee HR including
- Employee engagement
- Competency building
- Performance appraisal Management of Business Pyramid, CSR etc.
Over 10-year old Trust with a marquee Board focused on Education & Leadership impact across various cities in India. The NGO works with various schools in low income societies across cities to improve the quality of education provided to the students and create better leaders as part of its programs. Currently having a base of ~INR 75 crores and supported over the years with donors – corporates and individuals alike. Looking to substantially grow over the coming years.
Role of FinAdvisors
The Trust approached FinAdvisors to
- Oversee the existing Finance team for routine operations
- Setup process, policies and controls to ensure strict compliances
- Quarterly Board representation with financial updates
- Migration to an ERP to ensure quality and timely reporting
- Donor reporting and FCRA / Charity Commissioner filings
- Strategic discussions with Leadership team
- Changes in Trust Deed and legal documents
- Budgeting and Forecasting – working closing with Donor & other teams
Benefits to the Organisation
The Finance team cost of the Organisation was reduced significantly with the outsourced CFO services – while ensuring much better quality of deliverables and stricter controls. The management is kept abreast of all recent changes and amendments along with advice on the best way to approach the same and ensure proper reporting and controls related to the same. The FCRA amendments including the new mandate for accounting opening with SBI were all completed well within required timelines. Smooth ERP implementation has helped meet all existing and envisaged requirements for the Trust. Operations were very effectively managed remotely in the lockdown circumstances of Covid-19 including all accounting, audit, compliances and reporting needs.
The Foundation, registered under Bombay Trust Act, was founded in 2013 by a set of conscious parents-turned educators, to disseminate quality education, focused towards children of discerning parents, in Mumbai. The Foundation operates a primary school in Mumbai and is currently imparting education, under an International system of education. The School has been receiving a good response in terms of future admissions and is looking to expand its footprint by setting up a Kindergarten till 12th Grade facility in Mumbai in a new & larger premise to provide a better learning environment to the growing number of students and looking to have a 4-fold increase over the coming years.
Role of FinAdvisors
The Foundation approached FinAdvisors to: –
- Examine Fundamental Business
- Provide Financial Modelling
- Evaluate Financial feasibility of multiple land and property options
- Render assistance in fundraising
- Offer strategic advisory and planning services for the best option in achieving the objective.
Benefits to the Organisation
FinAdvisors have provided a comprehensive Financial model and strategic inputs in evaluating various options of fundraising plans. Also, FinAdvisors assist the team in financial and commercial evaluation of various property options for the premises suitability. FinAdvisors are acting as a key team member and coordinating with other professionals involved in the project.
The Company was set up in late 2020 catering to the consumer needs in the FMCG sector. With great vision and a fantastic scalable business model, the Company was able to raise its seed funding of few crores and within 4-5 months’ show the impact in the market and raise a Venture Capital (VC) funding of ~INR 50 crores to scale up to its next level.
Role of FinAdvisors
The Company, through the VC investors, approached FinAdvisors for assistance on: –
- Setting up the process and policies for its growth to the next level
- Accounting and compliance needs for the past and for future
- Secretarial, legal and other compliance requirements
- Strategic functions including Budgeting and fund raising
- Hiring and setting up the Finance team as required
- Designing and timely reporting of MIS to the Management and Investors
Benefits to the Organisation
FinAdvisors completed the past accounting and compliances to the satisfaction of the Investors and the diligence requirements within a month’s time.
Temporary needs of staffing at various levels in the Finance function are met by FinAdvisors to enable the company to recruit the right people for the job even if it takes a little longer.
Basis the services provided the role has been enhanced to continue accounting & compliance support for the coming periods with a much broadened Scope. Strategic inputs around the budgeting reporting and controls provided by FinAdvisors to the Founders enable them to set up the Organization to scale up to the growth ahead.
The Company which has a size of over INR 2,000 Crores and is widely renowned for owning Office Parks (Commercial Real Estate) through build, lease, operate and Manage model with singular ownership.
Role of FinAdvisors:
- Evaluated Gaps in the Finance function, Operations and Structure of the Organization. Worked with the CEO, Board and the cross functional teams on the gaps mutually agreed upon.
- Restructured the MIS along with Business metrics and facilitated
- Review with the Management. Weekly Dashboard created to monitor the business and cost monitoring v budget and take timely corrective action.
- Structured, negotiated debts and contracts against rent receivables with leading Banks of more than INR 1000 Crores which lead to development of 2 more Industrial Parks.
- Organized and facilitated further growth of the Company.
US$ 25 million IT Services Company in the AI and BI space, headquartered in USA – on a fantastic growth journey. Achieved this scale in the last few years itself.
Role of FinAdvisors
- Structuring the MIS to monitor growth and enable improved Profitability
- Support preparation of data room, data preparation & analytics of last 3 years
- Supporting the Vendor DD process with the Big 4 and potential Investors
The Company is a closely held public limited company and having a turnover of over INR 150 Crore, which manufactures, markets and distributes natural and modified derivatives of hydrocolloids, food stabiliser systems, nutritional ingredients, food additives and ingredients primarily for Food, Pharma and personal care business segments. The Company has manufacturing
plants in India and the business operations are catering substantially to the international markets. The company has strong connects with domestic agri-sector for raw materials and international markets for customer oriented value added products. Even though the company has business challenges in line with the industry, the company has carved out a niche for itself by strategic presence in the high end of the value chain and chalked out the plan to turn around the operations for better.
FundingRole of FinAdvisors
- Post discussions with the management on the importance of turning around of the company,
- FinAdvisors partnered with the management in
- Setting up a robust budgeting, cost analysis, identification of areas for cost control and cost reduction
- Cash flow management
- MIS
- Supporting monetisation of assets
- Business finance restructuring
- Fundraising for working capital in line with the business plans for revival, profitability and growth.
Benefits to the company
FinAdvisors has assisted the company in making out a comprehensive long term debt realignment plan and in successfully negotiating with the lender to realign the repayment of debt in line with the operational cash flows as per future forecast. This has enabled us to conserve resources for business operations and reduce debt servicing pressure. The MIS has helped the company in reviewing the operations with business focus. Advice on working capital utilization mix has enabled the company to reduce costs. The processes of cost control, budgeting under implementation are aimed at helping the management to objectively evaluate the business challenges and opportunities and take actions for creating long term sustainable value.
The initial ‘4-month assignment’ to FinAdvisors has turned into a retainer contract to structurally address issues and facilitate the company to the next level of turnaround and growth.
The Private Limited Company is engaged in Direct2Customer telecom value added services, Ad exchange platforms with SSP integrations, Billing platforms, Application development and Content Aggregation business, with a strong export orientation. Since it’s inception in 2015,the Company has made its presence felt in 41 countries over 72 Telecom operators and expanding value chains of the eco system. Having set up the strong platform in the initial years, the Company has been growing consistently over 100% in the last two years and has chalked out aggressive expansion plans to capitalize the business opportunities in the global markets, slated to cross INR100 Crore turnover in the current year.
Role of FinAdvisors
The company approached FinAdvisors to
- Evaluate, structure and set up a short term credit facility to support the exponential growth and related working capital needs.
Benefits to the Company
FinAdvisors assisted the Finance team in preparing financing proposals, financial projections and presentations. FinAdvisors also identified potential lenders, arranged meetings, structured the contours of the credit facility and held negotiations with the lenders to facilitate sanction of credit facilities and documentation for availing the credit facility. The successful completion of the transaction has helped the company to continue to grow in the business and also to enhance the banking relationship to support future plans.
Benefits to the Organization
FinAdvisors assisted the Trust to achieve 100% compliances and provide reporting to the leadership as well as the Board in a short span of time. Board and Leadership has appreciated the support provided by FinAdvisors and renewed the contract multiple times. FinAdvisors has been able to support other needs of Sr. Manager profile, as needed, to support operations and assist in the growth needs.