Business Snapshot

Business Snapshot

Snapshot of Proposal 1

• About the Founder - FSL is mentored by Mr. Rakesh K Jain, a Chartered Accountant by profession having 38 years of experience in various business domains.
• About the Managing Director - Mr. Sharad Jain, having an experience of 18 years in information technology has helped the company to have a bucket of multiple product offerings, huge client base & various sales & support offices across India.
  
• About the Co-Investor - Mr. Ajay Goel, an entrepreneur based in Cyprus / Moscow has agreed to support the aforesaid setup and be a part of the venture.
  
• About the Startup - Selected team of developers and domain experts has developed & tested prototypes that will have high market demand .Idea is to carve out these prototypes from the existing company and form a fresh entity in a tax efficient jurisdiction.
  
• First Prototype "Finorb"- It is not just a solution but an intelligence tool for people who either manages for someone or for ownself his assets, investments and financial information. It is unique as it empowers the user with decision making analytics and enablers thereby increasing the overall profitability of the user.
  
• Potential for Prototype “Finorb" - There are around 36 million millionaires in the world .Considering 0.5% market share only, or product reflects very high potential . Depending on availability of desired resources, the cumulative earnings could be around US$ 5 Billion.
  
• Prototype Stage - It is being developed and beta tested for the desired functionalities however subsequent upgrades as per market demand are required to be done
  
• Fund Requirement - Around US$ 110 Million are required for technology advancement, sales , marketing and setting up of international offices.
  
• Time Frame - It is being analyzed that it will take one to two years of time to break even after which it will generate income and will be profitable
  
• Return on Investment or Exit Plan - - Various options like investment in subsequent prototype, taking the returns, going public, buyback, sale to new investor etc. will be available to investors
  
• Second Prototype - This prototype aids corporate houses and has the capability to streamline the legal workflows and reduce the litigation risk through its preventive management module. For this potential is as large as number of corporate houses in the world having multi location offices. This prototype is under beta testing. Fund requirement will be low as by the time of its launch sales offices will be established.
  
• Potential Add On Services - The organisation shall have relationships with various wealthy people and hence could provide add on services like property deals, wealth management, mergers & acquisitions, buying boats or ships.