This is the era of Startups and with a major push from the government regarding Ease of Doing Business, there has been a massive emergence of a plethora of companies across several sectors.
Despite significant changes in the business ecosystem, and budding entrepreneurs coming up, setting up a new business in India still has a lot of challenges. From finding an experienced auditor to getting a 360 degree complete guidance on registering a company, from getting hassle-free licence and trademarks from the government departments to having appropriate advanced software for billing, the road to start a venture is full of hurdles. Addressing all of these issues is Mibook, one of the Best Chartered Accountant Firms in India that provides a wide range of solutions to Businesses.
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Incepted in 2019 by S. Mithunn along with his childhood friend Abhilash Venkatesh, Mibook is often referred to as one of India's leading Business Services Companies. Based out in Bengaluru, Karnataka, Mibook is a business technology company which offers small/ medium businesses with Technological solutions that assists them with personalised accounting, book-keeping, tax preparation and financial reporting services intended to fulfil all the major requirements of an organisations. Mibook helps their clients manage all this in one single platform by providing them the right guidance, helping them in digital invoices. Additionally, they also provide automated payments collections, automated reminders to track customers payments, and in filling up all the taxes. Additionally, they also develop modern-age Accounting Software that is easy to understand and use and has a simple interface, making things easy for an organisation.
This is out in the open that India has seen a northward surge in MSMEs and there is no doubt that they play a crucial role in the developing economy. It is also known that these MSMEs are very tight on capital and thus they cannot afford excessive spending on numerous aspects. Understanding this, Mibook helps them at every stage of their business as they add value to their business in the form of Accounting works, Saving taxes, giving guidances on government schemes, fund raising, act as CFO and mostly importantly technology provided by Mibook gives them Business Analytics using AI so they can understand their customers and all verticals of their business in effective manner. Through all these, they help MSMEs in saving costs and improvising their business.
Talking about the idea behind incepting Mibook, Co-Founder S. Mithunn , stated, “It all started back in 2018 when I was looking for an experienced auditor to get a complete step-by-step guidance on registration of a company for my friend’s new venture but unfortunately, I could not get one. This led me to understand and identify the gap in the market. This was the moment of epiphany for me and I decided to fulfil the vacuum that was there in this market. I, along with my childhood friend Abhilash Venkatesh, incepted Mibook a year later after an indepth research and study. Today, it gives me immense pleasure to say that we are one of the fastest growing Business Services Companies in India. With the help of our tailored accounting and auditing services, we help short, medium, or long term businesses in their legal and financial work. Our robust and transparent technology-driven processes are conducted by professionals in the industry to make sure globally consistent quality is delivered to each and every client and this is what makes us stand out from the rest of the crowd.”
Since its inception in 2019, Mibook has created a stride in the industry with their top-notch services. Moreover, they believe in providing cent percent customer satisfaction with no-hidden charges. From Proprietorship Registration, Partnership Registration, LLP Registration to Company Registration, GST Registrations, they do it all under a single roof. Having served numerous clients and emerging as one of the most reliable and trusted Business Services Companies in India, they have also recently launched their official mobile application which is available free to download on both Google Play Store and Apple Store.
The team at Mibook has also started their subscription plans from May this year and so far, they have received quite a positive response from people. Since the first month of launching the subscription model, they have had around 5k users. As of now, they have a user base of more than 40k. Further, they have projected to reach around One million Customers in the upcoming 6 months.
Despite establishing themselves in the ever-evolving cut-throat competitive landscape, they are leaving no stones unturned and are on an extensive expansion mode. The company is looking at acquiring about 1 Million users in the next 6 months. For the expansion, they have also raised USD $300k angel funding last year and are also in talks to raise USD $ 2 Million. Taking things to the next level, Mibook is also planning to offer free GST filings and IT filings for one year for all customers using their recently-launched App and Cloud based Software. Additionally, with an aim to provide benefits and perks to their clients, they are also coming up with a host of offers which will benefit all the MSME customers in the long run and will save cost from auditor services and software.
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