“The Virtual CFO took the burden off my entire financial strategy planning and implementation allowing me to focus on my core competence of manufacturing.”
Midasatechfin offers a bouquet of services that have been useful to companies across different sectors. Some of these services like the Virtual CFO are unique. While most of these services are focused on the Readymix Concrete Industry, Midastechfin has served clients acrros many other sectors.
Range of industries
RMC Business
Building Materials
Financial Services
Services that deliver value
Companies seem to dislike the term ‘turnaround consulting’ because it represents failure. The truth is that turnaround consulting represents success at realizing the company is going in the wrong direction. The only time the company fails is when it is not possible to do a turnaround anymore. We help companies pivot into more profitable directions where they can expand and grow. It is inevitable that companies will end up making a few mistakes; we help them correct these mistakes.
We help companies turnaround their non-profitable ventures into something that benefits them. Our specialty lies in understanding what makes a company special and what makes it tick.
Good strategy is the antidote to competition. Strategic thinking is the process of developing a strategy that defines your value proposition and your unique value chain. This process includes market and competitive research as well as an assessment of the company’s capabilities and the industry forces impacting it.
Most companies require technical advisory services from time to time. Since the cost of technical expertise is high, companies find it difficult to source the full-time talent for the purpose. This is where Midastechfin technical advisory delivers optimal value at a relatively lower cost. These advisory services can be hired on a project basis.
For a manufacturing industry, strategic financial planning and management can sometimes be unaffordable, but essential. Our Virtual CFO takes over the burden of the entire financial services a company might need.
The Startup phase is the most crucial in the incubation process. Midastechfin has provided an array of services that meet this precise need. Being a startup, hiring talent on a full time basis might be prohibitive. Contractual services enables the startup to pick and choose according to the need.
Early Stage Companies Handholding
- Midas assists startups and early stage companies across industry verticals to detail out their operational and business structures and growth plans.
- Creating a strategy to grow their businesses.
- Advisory on areas of Trademark and Intellectual Property (if needed).
- Creating Shareholders Agreement.
- We help in arranging the primary funding rounds to get the execution started.
Incubation of New Business Verticals
Midas assists corporates to enter into new verticals especially in areas relating to building materials with emphasis on RMC and Aggregate businesses.
With regard to RMC and Aggregate business, the following services are given :
- Preparation of a Project report taking into account the market dynamics for these 2 products
- Suggestions of Areas / Locations for the Plants
- Advisory on setting up Plants and planning of work area
- QA/QC
- Operational efficiency
- Setting up of SOPs
- Developing a Product Portfolio for regular and Value added products
One Stop Solution For Business Tax Related Problems
Registration and Compliances
- GST Registration and Return Filing.
- Registration with ROC – Public Limited Company, Private Limited Company, Limited Liability Partnership.
- Provident Fund, ESIC, Profession Tax – Registration, Maintaining Records and Filing Returns.
- Registration under MSME Act 2006 and helping with the benefits under the Act
- Transfer Pricing Return.
Audit and MIS
- Statutory Audit/ Internal Audit
- Income Tax Audit and Return Filing.
- End to End Customised Accounting Solutions with Management Information System (MIS).
Other specialised services
- Preparation of Detailed Project Report (DPR) / Project Financing.
- Facilitating Finance (Loans and Investments).
- Payroll Processing with compliances.
- Credit Control Management.
- Recovery of Old Debts (Outstanding).
- Efficiency study and improvement solutions.
- Engaging with Technology partners for bringing about Digital improvements to your process.
Consultation on RMC Businesses
Midas can help your team in enhancing its operational capabilities by mentoring the existing team on best practices with regard to operations of RMC plants.
Midas will be able to help you in mix design improvements, improving raw material scrutiny and selection resulting in lower mix cost and can help your technical department to enhance their technical capacities through training and guidance at your technical lab.
Virtual CFO Services in the following areas –
- Preparation of processes and procedures for the entire business,
- Advisory on preparation of monthly MIS to make it more analytical for decision making,
- Guidance towards improved monitoring of receivables,
- Budget preparation and variance analysis.
Business Analytics and working out the strategy to be followed for overall business improvement.
Guidance on new proposals in Readymixed Concrete business.
Key Advisory Services
Business
Transformation
Change is the only constant. When Transformation is inevitable we help you pivot to the next level.
Engineering &
Technical Solutions
Technical expertise might be difficult to source and expensive to hire permanently. MidasTechfin provides top-of-the-line engineering and technical expertise at an affordable price.
Financial Advisory &
Risk Management
For a manufacturing industry, handling Finance can sometimes be bothersome. Our Financial Advisory and Risk Management Services keep a hawk-eye on you finances and provide timely inputs when required.
Human Resource
Management
The right person for the right job at the right cost. This is a connundrum
Project
Management
Managing a project can be a challenging task. Midastechfin has the expertise to provide all the inputs required for effective project management.
Internal Control
& Risk Assessment
Is essential it play a critical role in strengthing the company system and ensuring totsl security from misuse and fraud. Midastechfin provides Internal Control And Risk Assessment
Setting Up Standard
Operating Procedures
Manpower is arguably the most precious resource for any enterprise. Keeping the workforce trained and motivated is a task that Midastechfin often undertakes.
Procurement
Sourcing the right raw materials at the right price is one of the key functions of a manufacturing industry.
Book
Keeping
Maintaing records and tracking accounts sometimes require an entire department. Outsourcing this function is now proving to be extremely profitable for small and Medium size organisations.
Training &
Development
We provide planning services to help financial institutions minimize their costs and expenses.
Vendor
Development
Vendor development and management is a routine task that can now be outsourced.
System &
It Support
Computer systems and software requirements can be handled with the expertise provided by Midastechfin.
Statutory Compliances
& Permissions
All statuary compliances required for the function of any organisation can be executed with our resources.
Assist Foreign Companies
Entering India
Midastechfin provides off shore management services to companies investing in India. We help organisations set up their operations and put them on-stream in the Indian Business Environment.
Good Ideas to Good Business
