Empowering a Realm of Value-Added Virtual CFO Services
Established in 1990, Arthtech Consultants Private Limited (ACPL) is one of the pioneers in India for providing Outsourced /Virtual CFO services, having initiated this concept since 1998. ACPL provides outsourced management services (IMOS-Integrated Management Outsourcing Solutions) in the finance, accounting, HR, and legal domain to customers as a Single Window Solution, thereby enabling them to concentrate on their core competence. Initially, it started as a management consulting firm, but eventually, it has founded itself as an innovator for Outsourced/Virtual CFO solutions. Becoming a trendsetter with its offerings, it bagged a significant recognition, when a majority stake in two client companies where ACPL was the Outsourced CFO, were acquired respectively by one of the largest filtration company in the world, based out of Italy and one of the largest mould making company based out of China. In the capacity of the Outsourced CFO, ACPL, through its professional expertise, was responsible for transforming these family-managed companies into corporate identities and handheld the promoters in this entire takeover process, including deal structuring and due diligence.
The firm has a global outreach and adds value to a client base ranging from different countries like Austria, Canada, USA, France, UAE, Germany, Singapore, who have set up either their 100% subsidiaries or are operating their joint ventures in India.
The Man of the Hour
The pillar of strength, Shekhar Agharkar, has spearheaded the success of Arthtech and continues to accomplish new records each day. He is a Chartered Accountant with a field experience of over three decades in Accounting, Finance, and Management Consulting. Shekhar is the Founder and Director of ACPL and AKSPL and is also on the Board of Directors of many companies and has been the Past Chairman of the Pune Branch of the Indo-American Chamber of Commerce.
He was nominated on the MSME sub-committee of CII Maharashtra State MSME Council, Western Region. He is on the Pune Chapter Managing Committee of IMCI and the British Business Group and is one e of the Founding Directors of Indo Japanese Business Council.
Embarking an Impetus Impact with the USP
ACPL marked its strong presence by IMOS (Integrated Management Outsourcing Solutions), a basket of authentic services in the management arena, which handles the non-core yet equally essential functions. These fundamental functions include finance & accounts, company law, legal, HR, and many more. A cross-sectional team delivers the holistic platform IMOS of experienced professionals who cater to all industry segments with their expertise.
Bringing innovation into the bigger picture, ACPL has curated a bunch of success stories through its steadfast performance and customer-centric approach. Based in Pune with operations across major cities like Bangalore, Mumbai, Hyderabad, and Dubai, the firm is looking forward to spreading its wings to Tier-II and Tier-III cities and creating a PAN India footprint in the upcoming years.
A Customer-Driven Firm
ACPL believes in utmost customer satisfaction and offers them with top-notch services according to the need of the hour. With customized and start to finish commitment on each project, the firm has become a preferable choice in the marketplace. It maintains professionalism in all its offerings and ethos withstanding the timely delivery. It assures continuity, confidentiality, quality, and integrity. ACPL has the necessary infrastructure and the skilled resources at its disposal to meet the client’s expectations with operations, which are flexible and quickly scalable.
Using various software and technology solutions, ACPL works with a tech-savvy outlook, “We review the financial statements and business process of the client and perform an as-is-study and gap analysis of the same to highlight major problem areas, thereafter come up with practical and feasible solutions and assist in its implementation,” addresses Shekhar. With the help of technology, the firm can get compelling practical insights to make the right decisions based on sound logic and data. It is committed to improve the technology infrastructure and get access to data at a minimal cost.
Working on domestic as well as international projects, the firm serves verticals like manufacturing, real estate, heavy engineering, agriculture, service, hospitality, and many others. It has an impeccable track record of providing all statutory compliances and reports to clients on time, be it statutory compliance or MIS reporting.
Also, the firm acknowledges the complexities and thrives on working towards a solution for all. Hence, it is prompt with its responses and is a suitable strategic finance partner for all its customers. For any entrepreneur of a growing business, it is challenging to manage fundraising, financial reporting, budgeting, cash flow monitoring, negotiating contracts, implementing systems, compliances, and also manage day-to-day operations. Therefore, ACPL acts as a partner to keep pace with changing regulations and expand every customer’s business. It offers a bouquet of services as a team, managing the optimum combination of CFOs, CAs, lawyers, junior accountants, and others to get all services without added cost. Underlying different perspectives and scenarios help in accomplishing successful projects, deals, products, and more.
A Take on the SME sector
ACPL provides strategic financial management, analysis, and advice on an as-needed basis.
India’s start-up sector is flourishing like never before and is creating its clan to survive in the longer run. Helping them along the way is ACPL, which assists start-ups in setting up and handholding under the Start-up India action plan and Make in India initiatives. As a member of Indian Science & Technology Entrepreneurs Parks & Business Incubation Association (ISBA), the firm serves both incubators (outsourcing in F&A, financial advisory & funding/seed funding) and incubatees (helping start-ups crystallize the project ideas by way of the business plan, preparing project feasibility, structuring start-ups, strategic consulting including virtual CFO and others).
ACPL stands by the ideology of co-existing, and hence it focuses not only on the large organization but also majorly on the SME sector and other family-owned enterprises. Shekhar, a veteran at his profession, lays undue emphasis on how crucial it is for all enterprises to mark their territory to sustain in the global marketplace. “The SME sector constitutes a majority of the business units in India and globally. Often, such businesses do not own the resources to have dedicated in-house teams to take care of finance, legal, and HR needs. They fall back owing to various factors such as not having a well- defined chart of accounts, costing system, budgeting, internal controls, financial knowledge & management, and lack of professionalism”, explains Shekhar. ACPL has launched a unique initiative called SME KONNECT, whereby it conducts a free of cost “As is Analysis” to enable SMEs to concentrate on their business and help them manage and systematically grow their business processes. Through this initiative, which is to be launched through a close-knit cluster of business associates pan India, we intend to bring about a massive change in the marketplace for SMEs and enable free B2B through its website. With steady year-on-year revenue growth, ACPL adheres to the best of industry practice. It is in the process of upgrading itself to be an online solution provider of its unique offering of virtual/outsourced CFO services besides other service offerings.
Two portals are intended to be launched:
- Portal for Not-for-profit organizations like Society, Trust, Section 8 company to provide the full range of services- from Incorporation /registration to complete outsourced project /functional management.
- Portal for Family Business with a special focus on succession planning
The Next Step
Being a leader of virtual CFO Service providers in India, ACPL looks forward to maintaining its brand identity and collaborating with many potential firms in the upcoming years. It also aims to enrich its offerings with advanced resources and excellent outsourcing professionals to become a part of the dynamic environment. ACPL has time and again stood the test of time and emerged effectively among its competitors with its exclusive skillset and performance. It has fast-tracked the future to now and made the present times a powerful experience.