Client Challenges
A client engaged in apparel retail business approached PKC with the following issues:
- Confined to one location despite of 100 years of business presence
- Owners don’t have time to focus on business growth due to non core activities
- Accounts are maintained in multiple concerns which creates confusion
- Bunch of non compliances due to ignorance which stands as a bottleneck for the business growth
PKC Solutions
PKC helped the client with the following solution:
- Provided virtual CFO solutions to solve day to day accounting, finance & statutory issues
- Trained & empowered in-house accounts team to avoid manual errors or confusions
- Abundant financial reports for making investment decisions
- Advised & helped client to start up new ventures
- Identified & resolved the statutory compliances & ensured that it is not repeated in future
Results
- 3X GROWTH- Expanded from 1 store to 3 stores with total store area of ~3 lakh sq. ft.
- Turnover is increased by 15 times over 10 years
- Helped client to save statutory non compliance liability of Rs 31 lakhs
- Helped to claim additional GST input credit of Rs 80 lakhs
- 100% management time saved on non core activities
- Zero non-compliances irrespective of client size
