What is product-name :
FirmWay – Confirmations.Simplified.
Launched in :
Beta version was released on 20/10/2016. Final version is expected to be released on 24/11/2016
Team size : 6
Team Composition :
1) Prashant Gupta (CA) – Managing director & CEO
Born and brought up in Mumbai, Prashant Gupta is a Chartered Accountant by profession.
He brings considerable expertise and experience to the table. Prashant has acquired the practical knowledge of Auditing & Assurance from respected firms like “Natvarlal Vepari & Co”. His practical knowledge in research and valuations from reputed Investment Bank benefits the organization. His passion for technology and innovation combined with practical experience of auditing has inspired him to take the project a way ahead.
2) Vivek Chandan (CA) – Director
Vivek is also a Chartered Accountant by profession. He secured an 10th All India Rank of in CA- CPT, clearing the CA examination at the age of 20 years. His strength lies in Auditing & Assurance and Accounting Advisory. He has been a part of prestigious organisations like KPMG, and Natvarlal Vepari & Co And now he is managing partner at “CGS & Associates”.
Whilst working at KPMG in the field of Statutory Auditing, Vivek found himself involved in the oft tedious and cumbersome process of confirmations. This is when he and Prashant discussed the idea of an online confirmation platform which is now FIRMWAY.
3) Krupal Solanki – IT Head
Krupal is a zealous IT expert who is spearheading the digitization of audit confirmation process for Firmway. An alumni of Symbiosis Institute of Computer Studies and Research, he is an Engineer by profession and a Full Stack Web Developer by passion. Having worked with multiple organisations in his career, he was the right man for the job at FIRMWAY.
4) N Jayendran (CA) – Mentor
N Jayendran is a practicing chartered accountant who brings with him 30 years of experience of in the field of audit, assurance and taxation. He understands the exact requirements and needs of auditors along with their expectations from this project. His innate knowledge, network and perceptive outlook provide Firmway with valuable guidance and much needed direction.
Market Opportunity :
The courier market for the confirmations alone is Rs. 10 Bn. We can convert this into our topline. Furhter we can charge for the increased compliances, verification of parties, process management, document management
Industry and Competition :
No competitor is functional in India.
Traction and Forecast :
5 CA firms with their 14-15 companies
Solution offered :
Firmway provides a simple and smart solution to all these problems through its online portal for balance confirmations