Company Research Report: NAKAD

Company Overview

• Name: NAKAD

• Mission of the Company: Solving the cash flow burden of small businesses, particularly addressing the working capital constraints of Tier 2 suppliers that impact the supply chain of Tier 1 and Anchor companies.

• Founded: No information is available.

• Founder(s): No information is available.

• Key People in the Company:

• Ujwal Kalra, Co-founder & CEO

• Sambhav Jain, Co-founder & COO

• Avinash Uttav, Co-founder & CTO

• Chinmaya Gawde, VP & Head of Sales

• Headquarters: 204, ABW Tower, Iffco Chowk, MG Road, Gurugram – 122002, India

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Leading provider of Accounts Receivable/Accounts Payable (AR/AP) Reconciliation services in India.

Products

Reconciliation-as-a-Service

• Description: This service ensures 100% accurate reconciliation as per a client's accounting standards. It facilitates quick reconciliation processes at significant speed.

• Key Features:

• Precise reconciliation services

• Compliance with accounting standards

• Efficient and fast reconciliation process

Partner Communication

• Description: Facilitates communication and status confirmation from suppliers regarding their MSME status.

Balance Confirmation

• Description: Ensures periodic confirmation of outstanding balances from customers and suppliers, which aids in financial accuracy.

Ledger Request

• Description: This feature allows for the procurement of ledgers from suppliers and customers for periodic reconciliation purposes.

NDC / NOC

• Description: Provides signed letters from customers and suppliers in formats required by auditors.

Recent Developments

• New Products Launched: No information is available.

• New Features Added to Existing Products:

• ARP product implemented for large-scale balance confirmation, as customized per audit requirements, within companies like TATA Group Company and Instamart.

• Any New Partnerships: No information is available.

Solutions and Their Benefits

• Zero Leakages in AR/AP Compliance and Control: Enhanced productivity and heightened visibility to improve a team’s efficiency.

• Insights at Your Fingertips: Facilitates data-driven decision-making processes and strategic work by freeing up team bandwidth.

• Faster Monthly Closing and Audit Completion: Reduces unforeseen errors, promoting quicker financial closings and audit completions.

Client Testimonials

• Finance Controller @TATA Group Company: Reports a reduction in errors in quarterly and yearly closing activities due to the implementation of ARP, with enhanced compliance adherence.

• Head of Finance @Instamart: Successfully implemented fully automated balance confirmation process company-wide within 7 days.

• VP-Finance @Zetwerk: ARP facilitates the coverage of audit requirements for MSME confirmation and balance confirmation within a short timeframe.

Pricing

• NAKAD operates on a results-based pricing model—clients are charged only upon the delivery of results.

• For ARP Services:

• Email: bd@nakad.co

• Phone: +91 98992 59679

• For Lending & SCF:

• Email: scf@nakad.co

• Phone: +91 93546 73957

• For Strategic Partnership & Alliances:

• Email: tahseen.faraz@nakad.co

• Phone: +91 96785 54594

• Rocky D’Mary

• Email: scf@nakad.co