admin To be successful in the corporate world, companies must adhere to existing norms and laws. However, since such constantly evolving laws tend to be quite numerous and varied, upholding compliance standards can be an arduous task for such enterprises. Overlooking compliance issues can cost companies quite dearly. Thus, to navigate through the labyrinth of compliance-related legalise and industry-specific norms, most companies tend to outsource their compliance requirements to consultancy firms. However, finding a trust-worthy consultancy that not just takes care of your compliance concerns but also ensures data confidentiality can be challenging. Prakash Consultancy Services is a rare market gem that checks all the right boxes.
Established in 1991, Prakash Consultancy has crafted a legacy of excellence in the domain compliance-related consultancy services. Mastery over compliance norms has given Prakash Consultancy an edge over its market competitors. Since its inception, the firm has demonstrated excellence in the fields of advising, administration, documentation, maintenance of various records and statutory compliance under the ESIC Act of 1948, EPF Act, 1952 and other social welfare enactments. Offering clients, a comprehensive approach to payroll services, Prakash Consultancy ensures that all aspects of the process are streamlined and industry-wise standard-compliant.
The Man behind the Venture
PCS has been crafted into the formidable consultancy genius it is today under the astute guidance of Mr. Prakash Kagalwala. Inspired to bring about a change in the way compliance is perceived and handled, Mr. Kagalwala started the organisation back in 1991. Over the last 31 years, he has worked relentlessly to ensure the company soars from one feat of success to the next, setting industry benchmarks as it progresses.
Our aim to help clients improve labour relations by optimally fulfilling their compliance requirements – Prakash Kagalwala
His leadership has helped the venture grow into an industry-leading organisation, favoured by clients across service verticals. With his unwavering commitment to client satisfaction, Mr. Kagalwala believes in the philosophy of constant improvement. He posits that the only way to remain relevant in the current market is to continue innovating. The absence of innovation can mar progress. Thus, he believes that compliance processes need to be constantly updated as per the changing norms.
A Comprehensive Approach to Compliance
Handling the intricacies of retirement benefit funds can be tricky for ventures with multiple employees. Prakash Consultancy helps solve retirement fund-related compliance issues by handling everything from the setting-up and management of such benefits funds through PFs, Gratuity Funds, and Superannuation Funds. The team of industry experts at Prakash Consultancy oversees each step of this process to ensure optimised outcomes. From drafting trust deeds to registering a trust with RBI, Prakash Consultancy takes care of all the nitty-gritty involved in these processes. While the firm handles all legal compliance aspects like ESI, P. Tax, PF, MLWF, TDS, etc. it also efficiently maintains completely the confidentiality of its client’s data.
Our process bound comprehensive approach sets us a class apart from the rest of the market – Prakash Kagalwala
Securing a Market Edge
Prakash Consultancy Services has gained unmatched market acclaim thanks to its ingenious team of experts and unique framework of operation. Every consultancy service provided by the firm focuses on the needs of the client. Leaving no stone unturned, the team at PCS takes looks at the client’s operations holistically. Its first initial assessment helps gain valuable insights into the ways compliance-related issues can be eliminated or existing processes improved. Moreover, taking a comprehensive approach to consultancy services, PCS believes in first assessing existing systems, and suggesting fruitful ways of improving them.
Acknowledging the Importance of Compliance
The team at PCS believes in first educating its clients about the need for compliance-related vigilance because this process of thorough knowledge dissemination helps them understand their specific requirements. By understanding the nuances of statutory regulations, companies and their employees will be better equipped to handle compliance-related matters. Moreover, such endeavours also help employers understand their roles in the compliance domain.
Privileging the Needs of the Client
PCS is committed to sufficiently fulfilling the needs of its clients. Whatever be the client’s advisory needs, PCS is always ready to design solutions that will best address them, the team at PCS works relentlessly to ensure timely delivery of solutions within the client’s stated budgetary parameters to ensure complete satisfaction. The firm has been leveraging the boons of technology to further optimise its solutions and streamline the client’s processes.
An Extensive Clientele
Although the pandemic has changed the consulting industry approaches, PCS team has effectively reorganized their services as per client’s needs and received praise for their unmatched services. The result-oriented approach of the firm has established it as one of the most formidable consultancy firms in the market with a diverse and extensive clientele.
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