Mumbai, 23rd, September’19: Founded by a 24-year-old female serial entrepreneur, Shristi Banka, Banka CFO, a one-stop solution firm was launched with a vision to serve as a social enterprise and provide affordable financial services to start-ups that lack access to reliable accounting, legal, taxation and commercial sources, etc. to facilitate an ease of doing business. Banka CFO is a group entity of Banka & Banka Chartered Accountants, a well-known professional services firm established in 1986.
Shristi Banka founded Banka and Banka CFO Services LLP at the age of 24.The Brand launched with a vision to serve as a social enterprise and provide a one-stop solution to every need related to commerce and finance. Banka CFO will be providing affordable financial solutions to start-ups that lack access to reliable accounting, legal, taxation and commercial sources. Banka CFO helps startups to avail various incentives offered to them by the Government of India. Banka CFO has a target of catering to 500 start-up organizations and building a team of 100 young, motivated professionals.
Banka CFO’s primary goal as a trusted advisor is to be readily available and to provide insightful advice to enable their clients to make informed financial decisions through proper planning and money management. The firm’s social entrepreneurship venture intends to focus on maximizing gains in social satisfaction and creating a positive social impact to boost the overall start-up ecosystem of the nation. Banka CFO helps startups to avail of various incentives offered to them by the Government of India such as the Startup India Initiative, Mudra Bank Loans, Udyog Aadhar by MSMEs and various other tax benefits.
Commenting on the launch, Shristi Banka, Founder Partner and CEO of Banka and Banka CFO Services LLP said, “We aim to provide our firm’s expert services to startups at affordable prices so entrepreneurs can focus on growing their business. We act as a backbone to look after their financial and commercial needs. By doing so, we believe that Banka CFO can boost the Indian start-up ecosystem since only a start-up organization like us can truly understand the start-up culture and tend to the needs of a new organization.”