LegalSalah is providing hassle-free legal services across 150+ cities
Legalsalah is a legal tech online solution platform providing hassle-free legal, taxation and compliance to Startup’s and SME’s across 150+ cities of India and served more than 15000+ startups and MSME all over India. Legalsalah dedicated itself to provide time bound services at a reasonable price from the market and help you start your business in the comfort of your office or home.
Company: Legal Salah
Name of the founder(s): Subh Jha, Abhinit Singh, Sujit Jha, Tausif Warsi
Website: www.legalsalah.com
1. What was the motivation behind launching an online legal startup?
The idea of legal Salah was seeded back in 2014 but came into operation on 26 November 2015. In India, there is a lag in transparent pricing of legal and taxation matters dealt in India through various professionals. Hence, Legal Salah providing a platform where all legal and taxation work can be simple and accessible to all individuals. We have started with 200 sq. ft. with only 4 people and now we have a team of 20+ core members along with more than 2500+ registered professionals with us that enable us to cater 150+ cities of India with physical offices in Kolkata, Delhi, Patna, Jammu & Kashmir and Dhanbad. The key to success is persistence and patience for any startup. Short term goals are equally important with long-term goals. Most importantly respect your team members because of them your company is a brand not because of any single individual.
2. Tell us something about Legal Salah.
We provide one-stop solutions for all legal, tax, compliance and business loan to startup and SMEs under one roof without putting them into a hassle. We also strive hard to provide free guidance to startup and SMEs while setting up their business.
3. In which way you are different from other existing legal tech startups?
We have very transparent pricing for all our services and we have prepaid service based model.
4. How were the first 90 days journey?
The idea of LEGAL SALAH did undergo through a lot of improvisation though. We had our share of bumpy rides. Didn’t have any external funding. With each and every paisa coming from our own pockets and some physical infrastructures even from our own it was difficult to sustain in initial days and equally difficult to maintain faith in what we were doing. But with our group of young, inexperienced minds but zealous and passion driven and achievers’ spirit we continue to pursue our dream. In the past two years we have served more 15000+ clients all over India and some of the reputed brands like Sulekha, Fujifilm, Duckback, Unitdeals, Clear dry associated with us.
5. What is the present scenario?
The market is about 4.2 billion in India and GST market in India is going to be more than 1 billion and even there are competitors like India filings and vakilsearch, but still, the market is huge enough that 10 more competitors can survive in the market.
6. What are the plans to scale up the growth of Legal Salah?
Served more than 15000+ startup and SMEs. SOON GOING TO LAUNCH ANOTHER CLOUD BASED tax portal for the easy filing of income tax and other taxes.
LEGAL SALAH is self-sustain bootstrapped and not funded by any angel investors and venture capitalists. LEGAL SALAH SOLUTION PRIVATE LIMITED growing revenue 20% month to month basis.
7. What are your cash flow projections? When will you break even? How much will you need in investments?
As of now, we are a profitable venture and in just six months we reached the break-even point. We are not in need of major investment now but in future, we will need an investment of at least ten crores to attain maximum penetration into the nation and establish a strong professional network in cities like Mumbai, Pune, Bangalore, Hyderabad and Ahmedabad.
8. What comes first for your money or emotions?
Our motive for entering this field was not monetary gain. We started our venture as an online-only platform to help budding entrepreneurs and start-ups as they were not in a position to get help from giant firms. We started with a social cause in mind and now we have reached a level where we are able to make a profit out of the services we provide. For us, emotions come first and money is secondary.
9. What are your strengths and weaknesses?
Our greatest strength is that to start this venture we haven’t needed any funds or help from outside sources. All the investment and experience came from within us that is why we are able to provide such cheap services as we do not have any kind of external pressure upon us. We do not have any prominent weakness but a few times we missed our deadlines because of various issues and we as a team learned from this failure to ensure that such incidents do not occur in the future.
10. Tell me about an accomplishment you are most proud of.
The satisfaction which we get from our clients after the completion of the project is the biggest accomplishment that we are proud of. Till date, we have served more than 10k clients and more than 1k companies and startups. Also in such a short period of time, we brought our venture from being just online into a proper infrastructure having strong networks in two metros namely Kolkata and Delhi.and we have offices in Dhanbad and Jammu.
11. How do you handle the pressure?
There is no sure shot way of handling the pressure but to handle the mounting pressure we have an experienced team which helps us to come up with a quick and easy solution to every emerging problem. At Legal Salah we do not face any internal pressure because we have a strong trust and bonding with each other.
12. If you sold your company today, what would be the tone of the conversation? What would you want to gain? What would you want to avoid losing?
If we have to sell our company today the prominent thing which we would like to have is the continuation of our motive which drives us to help budding entrepreneurs towards success by providing them with cheap services. We surely do not want to lose the trust and love our clients have with Legal Salah.
13. What advice would you give to someone starting out?
From our experience, we can advise that they must come up with an idea that could help solve a societal problem which would ensure that the startups will gain support from all spheres. Also, they should be less focused on the monetary aspect and should focus more on the social cause.
14. How you came up with an idea of legal salah.
We started legal salah as an online venture to help to help an individual with taxation legal services litigation and suggestions. As more and more people started joining our venture we developed and now we are providing an array of services to cater to the needs of the young entrepreneurs.
