Market Research Report: KBG Services Pvt Ltd
Overview
KBG Services Pvt Ltd was established on January 10, 2002, with its headquarters situated at D-583 C R Park, New Delhi, Delhi, India. Classified as a private, non-government entity, the company operates in the Computer Related Services industry. With an authorized capital of INR 30.00 lakhs and a paid-up capital of INR 26.10 lakhs, KBG Services is actively functioning in the market.
The company specializes in diverse services, including Accounting, Payroll, and Human Resource Outsourcing. KBG Services is distinguished by its adherence to ISO 27001: 2013 standards and SSAE 18/ISAE 3402 SOC-1 & SOC-2 certifications, underscoring the importance KBG places on security protocols and audit compliance.
Services and Industry Position
KBG Services delivers a broad spectrum of offerings primarily in Accounting, Tax Preparation, Bookkeeping, Payroll Services, and Legal Services. Additionally, the firm extends its expertise to Business Support Services and the Telecommunications sector, emphasizing its expansive operational scope.
The organization is proficient in the financial and human resource management domains, with particular emphasis on Employee Compensation, Fund Management, and Labour Law Compliances. Their official website is [kbgassociates.biz](http://www.kbgassociates.biz).
Leadership
The leadership team at KBG Services is spearheaded by Kalyan Bose and Keka Bose. Kalyan Bose, a pivotal figure in the company since its inception, has extensive experience derived from high-ranking roles at PwC, contributing significantly to KBG's local and international market presence.
Workforce and Network
KBG Services employs a team ranging from 51 to 200 individuals, ensuring a well-rounded workforce capable of supporting its comprehensive suite of service offerings. The professional network is fortified with personnel like Ujjwal Ghosh (Manager of Client Services), Sushil Kumar (Chartered Accountant), and Santosh Thakur (Manager of Payroll).
Compliance and Certifications
KBG Services' commitment to excellence is reflected in its ISO and SOC certifications, reinforcing the firm’s position as a dependable partner for businesses seeking comprehensive service integration in both financial and human resource management processes.
Competitor Profiling
Primary Competitors
1. ProfitBooks Solutions Pvt. Ltd.
- Sector: Accounting
- Location: Pune, Maharashtra, India
- Specialties: Online accounting, inventory management, invoicing, and billing
- Company Size: 11-50 employees
- Founded: 2012
ProfitBooks caters to SMEs with cloud-based accounting and payroll management solutions, emphasizing invoicing, expense management, and inventory control, boasting an extensive international client base.
2. JJ Tax
- Sector: Taxation and Compliance
- Established: 2019
- Services Offered: Direct taxes, GST, compliance services, and accounting
JJ Tax stands out with its chat-based tax assistant application, simplifying taxation for over 1.5 million users in India.
3. Dayal and Lohia Chartered Accountants
- Sector: Accounting and Auditing
- Location: Mumbai, Maharashtra, India
- Founded: 1983
- Specialties: Statutory and internal audits, taxation, GST filing, and management consultancy
Offering a wide array of services, Dayal and Lohia maintain a qualified team operating in various locations to meet the diverse needs of their clientele.
4. Sameer Mittal & Associates LLP
- Sector: Corporate Consultancy and Accounting
- Location: Gurugram, Haryana, India
- Founded: 2011
- Specialties: Audit, taxation, corporate secretarial services
As a member of the EuraAudit International network, the firm assists companies with their expansion strategies through its large team of professionals.
5. My Tax Adviser
- Sector: Tax and Legal Services
- Location: Delhi, India
- Founded: 2002
- Specialties: Audit, bookkeeping, GST, and corporate services
Focusing on startups in India, My Tax Adviser provides automated, cost-effective legal services.
Notable Competitors Outside Immediate Sector
Broader service competitors include Siemens, IBM, Cognizant, and McKinsey & Company, indicating potential overlaps in enterprise-level consulting and digital transformation projects, though not directly related to payroll services.
Observations and Competitive Edge
KBG Services Pvt Ltd retains a competitive advantage through its focus on affordability and accuracy within the payroll sector. While its competitors range across accounting, financial management, and consultancy services emphasizing technological integration, KBG stands out with its straightforward business relations, especially appealing to SMEs seeking specialized and efficient services.
