Page 14 - 10 Most Promising Virtual CFO Service Providers 2020

Impressive track record. successfully managed .It was
The track record of more than
two decades of ACPL is quite
impressive. Some of the notable
achievements for its clients in the
capacity of the outsourced CFO:
•Transformation of a family
managed company, which was into
oil filters business into a corporate
entity and then its takeover by the
third largest filtration company in
the world. ACPL was responsible
for the structuring of the deal and
then the smooth management of
the entire take over process with
substantial tax savings for the
promoters.
• Transformation of a closely held
proprietorship company into a
corporate and then facilitating the
take over by the third largest mould
making company in the world
jointly with an reputed MNC
• Enabled a reputed MNC to set up
their Engineering excellence centre
in India and enable substantial cost
saving in CAPEX and achieve
efficiency in operations.
• Transformed a sole proprietor,
who had a big distribution business then customizing the solution to
of toiletry products into a corporate suit the enterprise.
and managed his growth effectively
and efficiently.
• Crisis gripped a USA company
into API when the CFO of the
company it acquired in India
resigned. ACPL effectively
managed the company as the
outsourced CFO
• A reputed Indian Global Business
House which has one of its
subsidiaries (JV) manufacturing
air conditioners and white goods
had issues when its CFO left.
ACPL was mandated to bridge the
gap as the interim CFO. ACPL
the unique services in a consistent
the first time, arguably where a
company was appointed as the
CFO as opposed to an individual.
• A reputed Middle East company
appointed ACPL as the CFO when
it set up shop in Mumbai as a JV
with an Indian partner.
Infrastructure, Team and Niche
ACPL has its registered office in
Pune and serves clients in Mumbai,
Bangalore, Chennai and Hyderabad
.It has started its UAE operations
since 2019.
With a team strength of 35 ACPL
boasts of a multi- disciplinary team
of professionals with the required
domain knowledge and expertise.
The niche of ACPL is that it
provides the consultation and
then implements the consultation.
Shekhar Agharkar, the founder
of ACPL, is of the firm opinion
that Boardroom or airconditioned
office CFO consulting is not
what the majority of the Indian
entrepreneurs need. Rather it means
understanding the physche and
business, soiling of the hands and
Growth Plans
Shekhar Agharkar, being a very
ambitious person is relentlessly
driving the growth at ACPL.
• Network of business associates
across the country.
ACPL intends to build a network
of Business Associate across the
country. In the first phase, the
network will be created in about 15 network that ACPL intends to build
states representing about 75 cities
and then the rest of the country.
This will enable the provision of
and qualitative manner to even
tier 2 and tier 3 cities using local
expertise and infrastructure.
• SME KONNECT
SME KONNECT is the unique
initiative launched by ACPL to
benefit the SME’s. It is an outreach
programme of the ACPL group.
The initiative envisages an As-Is
Analysis of the enterprise free of
cost. This is a 360 degrees analysis
of the unit in respect of all its
departmental functions.
In this process, the enterprise
owner is required to share the
financial statements of the
enterprise (current year and
past 2 years audited statements
we understand the business/
manufacturing process including
the visit to the factory. We sit with
the owner to understand his vision
and plans as well as his present
pain points We give the GAP
Analysis report. We give the road
map which consists of a one- time
intervention and then an ongoing
support model which includes our
commercial proposal. The as-is
analysis is done by cross functional
experts with more than 25 years of
experience at very senior levels in
the industry.
There is no charge till the road map
presentation stage which is aligned
with the owner’s vision except the
travel and Hotel expenses for the
stay. There is no binding on the
owner and the further steps are
completely at his/her discretion.
The initiative is to be propagated
through the business associates
across different cities on a pan
India basis. The existing client data
base of the business associates will