When Vijay ventured into the consultancy services arena, he was unshaken by the fact that biggies like Amarchand Mangaldas, Fox Mandal Little and AZB Partners (in the field of corporate legal advisory) and BIG4 Chartered Accountancy firms and Big Merchant Bankers (in financial consultancy) were dominating the market, ensuring not to leave any room for a newbie.
The years that followed proved that Vijay was right when he banked on his strategy to serve a combination of both legal and financial consultancy. Reason — Corporate Professionals pioneered the trend to provide a ‘one stop solution’ and create a virtual presence throughout the country by offering web-based service.
“Our approach was unique. Traditional consultancy firms operate through personal interactions which limits the availability of skilled and competent professionals. We, on the other hand, create simplified calculators for the interpretation of complex legal provisions and processes that can be availed by anyone at anytime. Our ultimate aim is to consolidate our legal expertise to form a single online platform, said Vijay.
One can gauge the scope and magnitude of the organisation from the fact that the three websites the company has launched, www.takeovercode.com, www.llponline.in and www.delisting.in, are already catering to customers across the globe. They have gained a large business as well as trust of the customer base. Plans to implement similar other projects are underway.
From the very beginning Vijay’s team at Corporate Professionals has been following a systematic approach to solve legal complexities. Through its online ventures, the enterprise is striving to address the intricacies of law by providing worldwide reach through its proven systems. While contradictory interpretations are crystallised, the company’s team of intellectual experts have given face to innovative calculators that customers can use to automatically determine legal applicability and procedural works at different stages and prepare various forms, disclosures and reports to be filed with the authorities.
Until now, such procedural works were done manually, but Corporate Professionals has made it possible for users to do the same accurately with just a click of a button. “We are in a position to provide legal professionals services much faster and at a cheaper rate to our clientele,” said Vijay.
While managing the day to day operation, Vijay goes by the 80:20 theory, which requires spending more time on providing quality and value added services and less time on performing routine assignments. “We have emerged successful in transforming the traditional legal professionals to ‘techno-legal’ professionals. Our business model undoubtedly reduces the procedural and manual work and provides more time and help in preparing strategies,”
It’s the ‘never say die’ spirit that kept Vijay resolute through all the challenging times that were a part and parcel of a life as an entrepreneur. He had new ideas and vision, passion to do something innovative in life and the capability to do things differently. With all of this, it would have been hard for Vijay to give in to a mundane 9-5 job.
Several milestones have been achieved in the last five years that have created and enhanced the brand image of the company and contributed to its growth. The company won the prestigious ‘TATA NEN hottest start up for 2008 award’ for innovative business model. It also incorporated a company in one hour in MCA21 regime. This besides, it launched the path-breaking venture of www.takeovercode.com, dealing with intricacies of takeover law in India.
As explained earlier, the company creates web-based solutions under different laws and procedures for application to corporate entities. As vision 2010, Vijay has decided to develop a corporate compliance management package through which comprehensive solution for compliance of all law, central, state or industry-specific laws, will be provided to corporate entities to give a great boost to the reach and growth of the business. “Extensive work is going on for the project, and we are confident that this venture will be a big milestone in achieving our vision.
Tips to share with budding entrepreneurs — Make sure you have the right plan in mind. Be confidence about your vision and determined about achieving your goals