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Arthtech Consultants: The Outsourced / Virtual CFO that Every Business Needs

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Shekhar Agharkar,FounderA family managed filter manufacturing company having an 85 percent market share in the two wheeler segment wanted to transform itself into a corporate entity with a global vision. Arthtech Consultants Pvt. Ltd. (ACPL) undertook the challenging task of the Outsourced CFOand transformed the company within a period of two years such that a majority stake in this company was acquired by one of the largest filtration companies in the world.In its journey of 27 years, ACPL has created several such success stories. Though incepted as a management consultant firm, today, this Pune-based company has established itself as a pioneer in India for Outsourced /Virtual CFO solutions, offering outsourced management services and management consulting in the fields of accounting, finance, secretarial and many more as a single window solution enabling clients to focus on their core competencies. Under the aegis of Shekhar Agharkar (Founder Director &CA with more than three decades of finance & management consulting experience), the company kick-started integrated management outsourcing solutions(IMOS) as a basket of
services in the management arena to manage non-core yet equally important functions (finance & accounts, company law, legal, HR and others) delivered by a cross-sectional team of experienced professionals.

As an outsourced /virtual CFO, ACPL provides strategic financial management, analysis and advice on an as-needed basis


Using various software and technology solutions, ACPL offers bespoke services that fit clients need perfectly. “We review the financial statements and business process of the client and perform an as-is-study and gap analysis of the same to highlight major problem areas, thereafter come up with practical and feasible solutions and assist in its implementation,” asserts Shekhar. Catering to clients headquartered in US, UAE & UK with subsidiaries in India, ACPL serves verticals like manufacturing, real estate, heavy engineering, agriculture, service, and hospitality, while extending its services to domestic companies as well.

Strong String of Services
As an outsourced/virtual CFO, ACPL provides strategic financial management, analysis and advice on an as-needed basis. “We help to understand the drivers of the business, assist in the analysis of financial and other management information and provide wise counsel to help manage and grow the business. ACPL uniqueness lies in not only consulting but also
implementing the consultation for the clients!” says Shekhar. Its onsite & offsite F&A management &statutory compliance are provided as a single window (for accounts, taxation, FEMA, 100 percent compliances with STPI and others), while under legal services, ACPL reviews, standardizes and drafts existing routine contracts and documents, commercial and service provider contracts, various conveyance deeds and others.

Looking at India’s emerging start-up ecosystem, ACPL assists start-ups to setup and handhold under the Start-up India action plan and Make in India initiatives. As a member of Indian Science & Technology Entrepreneurs Parks & Business Incubation Association (ISBA), the company serves both incubators (outsourcing in F&A, financial advisory & funding/seed funding) and incubatees (helping start-ups crystallize the project ideas by way of business plan, preparing project feasibility, structuring start-ups, strategic consulting including virtual CFO and others).

With a year-on-year revenue growth of 35-40 percent, ACPL adheres to the best of industry practice. ACPL is in the process to upgrade itself to be an online solution provider of its unique offering of virtual/outsourced CFO services besides other service offerings. A plan to launch a portal for assisting family run business in succession is also in the making. “We are in the process of launching an ambitious program of ‘Enterprise Connect’ to form a close-knit cluster of SME Service providers pan India,” concludes Shekhar.