TATA NEN Hottest Startups Awards - EXCELAN CONSULTANCY - Hari Rastogi

EXCELAN CONSULTANCY | 2007

Hari Rastogi | Bangalore | Finance
Nominated on Oct 11 2008 11:03AM | by

EXCELAN CONSULTANCY - Snapshot

Helping you plan your finances better

Business Basics

Company Name	EXCELAN CONSULTANCY
Founded in	2007
Headquartered in	Bangalore
Company website/URL	WWW.EXCELAN.IN
Industry	Finance
Stage of the company	Scaling up
Source of idea	Systematic search for business opportunity
Awards & honors	1- In 14 months company has grown from 0 to 4 offices and from 3 to 30 employee base. 2- Member of FICCI.
Partnerships & Tie-ups	1. ABN Amro Asset Management (India) Ltd (P) Ltd. 2. AIG Global Asset Management Company (I) Pvt. Ltd. 3. Birla Sun Life Asset Mana...> Read more..
Partnerships & Tie-ups	1. ABN Amro Asset Management (India) Ltd (P) Ltd. 2. AIG Global Asset Management Company (I) Pvt. Ltd. 3. Birla Sun Life Asset Management Company Ltd. 4. Canara Robeco Asset Management Company Limited 5. DBS Cholamandalam Asset Management Co. Ltd. 6. DSP Merrill Lynch Fund Managers Ltd. 7. Fidelity Fund Management Pvt. Ltd. 8. HDFC Asset Management Co. Ltd. 9. HSBC Asset Management (India) Pvt. Ltd. 10. HSBC Asset Management (India) Pvt. Ltd. 11. ING Investment Management (I) Pvt. Ltd - OptiMix 12. Kotak Mahindra Asset Mgmt Co. Ltd. 13. Lotus India Asset Management Co. Private Ltd. 14. Sahara Asset Management Co. Pvt Ltd. 15. SBI Funds Management Private Limited 16. Standard Chartered AMC Pvt. Ltd. 17. Sundaram BNP Paribas Asset Mgmt. Co Ltd 18. Tata Asset Management Limited 19. BOB Asset Management Co. Ltd. 20. Taurus (Credit Capital Asset Management Company Ltd) 21. Deutsche Asset Mgmt (India) Pvt Ltd. 22. JM Financial Asset Management Pvt. Ltd 23. Morgan Stanley Investment Management Pvt.Ltd. 24. Principal PNB Asset Management Company Pvt. Ltd. 25. Quantum Asset Mgmt Co. Pvt. Ltd. 26. Reliance Capital Asset Management Ltd 27. Escorts Asset Management Ltd. 29. Franklin Templeton Asset Mgmt. (India) Pvt. Ltd. 30. Jeevan Bima Sahayog AMC Ltd 31. JPMorgan Asset Management India Pvt. Ltd. 32. UTI Asset Mgmt Company Pvt. Ltd < Back

Business description

EXCELAN Consultancy is into providing financial services. The sector which is growing fastest at the rate of 26%. We do the need based analysis of the clients (Individuals and Corporate) and then suggest them to invest in right Mutual funds, Insurances and stocks as per their short and long term goals. We are dealing with 3600 mutual funds schemes and 795 I...> Read more..

How does the business make money?

1- Company offers solutions across a range of insurance and mutual fund companies and earns revenues from these companies for hawking their products.

2- By charging for providing Consultancy.

Team information

Nandini Rastogi, B.A.(B.H.U.), M.A.(B.H.U.) with 7 years of work experience in training, social work and HR.

Rajneesh Pandey, B.E. with 2 year work experience in various positions in IT sector.

Competition

Competitors

Anand Rathi, Bajaj Capital, Sprism, Arthamoney, Reliance Finance Retail (Mukesh Ambani Venture), Way2Wealth

How different is your product or service? It has...

Identical or close substitutes available in India

In what way is your product or service different?

1-We provide financial planning solutions without any bias.

2-Customer Relations

3- Number of products

By The Numbers

	2006	2007
No. of employees	0-5	26-50
No. of locations	0-1	2-5
No. of customers	16-50	over 50
Turnover	11-50 lacs	15-30 crore
Profits	1 to 5 lacs	16-50 lacs

Primary source of initial funding	Personal savings
Primary source of additional funding	Family & friends
Raised institutional capital?	Yes
Amount (INR)	1000000/-/-
Investor	Confidential.

Why is this startup hot?

1- Great Vision and core values.

2- Young and dynamic and self driven team. (Age range 22-25)

3- The unity in diversity. (Employees are from nothing less than 10 states).

4- Flexibility and care for Customer and Employees.

What keeps the team awake at night?

1- Provide the right Financial Planning to clients. The right tuning of the products suggested.

2- Innovation in providing better service.

3- If any of our family member is in trouble (Employees and Clients).

Entrepreneur's Details
Name		Hari Rastogi
Age		24
Hometown		Varanasi
Family background		First gen entrepreneur
More than 1 company?		No
Education		Bachelors
Graduated from		MVJ College Of Engineering
Former employer		EXCELAN CONSULTANCY PVT. LTD.
Former designation		CEO
Area of responsibility		Mix
Favorite book/movie		SEE YOU AT THE TOP

Voting Closed

Experts Comments

View experts' panel

“Excelan consultancy is into financial services. There are many players from small to large....” > Read more..

Excelan consultancy is into financial services. There are many players from small to large.

But still it can make a difference by providing better service. This sector is highly speculative and market driven.

The revenue may not be consistent. Like the current global financial crunch.

Government investment and insurance schemes may be stable product, but excelan needs to show a difference in service since there are many players.

Excelan has many financial products to offer for its customers, and in one way it is an advantage, but it should be able to compare and provide the right product/services to its customers. There are online and offline software tools for this.

Using Information Technology, MCOMMERCE the company can grow better.

< Back

“There are many financial planners, free lancers provide financial, investment planning,advisory facilitation....” > Read more..

There are many financial planners including free lancers who provide financial, investment planning, advisory and facilitation.

The company is having competition from all sorts of players and there is little one can do within a defined risk parameter.

The company needs to be patient and focus on creating value and wealth for its clients. Also, how it has fared in this market and whether it has been able to deliver in this downturn would decide its value.

The company has a tough market situation, but it needs to follow its strategy with a great amount of discipline.

< Back

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