Interview With Mukesh Jagwani | MoneyGuru
MoneyGuru Financial Advisory Services
MFAS, with head office at Gujarat, India, presence since last 8 years is an emerging markets investment boutique serving retail clients as well as msme and large corporate on Pan India basis.
MFAS has 4 vertical units – Equity Broking / Mutual Funds / Fund Raising & General Insurance.MFAS currently serve more than 300+ clients across India & Overseas.
Young Dynamic Energetic Team & good understanding of the financial markets & continuously keep us update with the latest financial information world wide.MFAS was formed with 5 friends who had a common goal and mission and vision to have a complete financial bouquet & products and services to make clients family safe and secure and with the help of financial planning take care of future goals.
Links
Website:http://www.moneyguru.ind.in/
LinkedIn:www.linkedin.com/in/mukesh-jagwani-2718514/
Facebook:www.facebook.com/mukesh.jagwani.5/
Company Name: MoneyGuru Financial Advisory Services
Name of the Founder & CEO: Mukesh Jagwani
Head Office: Vadodara (Gujarat), India
Branches at: Ahmedabad & Bharuch
Commenced Business Operations in the year 2012
1.What gets you out of bed in the morning i.e what’s your source of motivation?
Morning starts at 5.30 am with 1 hour of study and 2 hours of (workout such as Gym, Yoga, Cycling, Walk, Running, Sports & Tracking) to keep fit and fresh and positive mindset, as it is rightly said health is wealth.
2.Why should people choose your product/services?
MoneyGuru Financial Advisory Services is name for Trust, Honesty, Transparency and Professional services with dynamic team to give the desired result to its clients.
3.What’s your competitive advantage and why can’t it be copied?
Every business idea, good practices are copied worldwide and we can’t stop them, but by just copying your ideas doesn’t make that person clone of MFAS team or Directors. The thought process and approach towards clients and our professional connect across India and Overseas help us in serving our clients in better and faster way.
4.What risks are you facing?
Risks and competition are part of every business, so we consider risk and competition as our success stone and helps us keep all of us on the toes, alert and aware of market situations and conditions.
5.Have you considered any alliance/partnership?
Yes, we have associated across India on partnership models only, as practically it is not possible to reach to Pan India without having good partners.
6.What are your cash flow projections? When will you break even? How much will you need in investments?
We had started this business with 1 Crore Capital in the year 2010 and were able to break even in 3rd years of business operations (both on capex and opex) & today we are investing on technology, manpower, infrastructure, offices at new locations & next 2 years, our horizon is to increase manpower and no. of offices on pan India basis.
7.What comes first for you money or emotions?
We at MoneyGuru are committed to deliver the services to our clients, even if we do not make profits on some of the deals, as we believe that with the grace of God, we are able to break even on our operating expenses and are fit and healthy and are able to be of some help to our clients. We at MoneyGuru have never chased to have handsome profits on every deals, we are happy with the pace that we are growing and our efforts are paying us good clients from pan India.
8.What are your strengths and weaknesses?
Strengths – each partners of MoneyGuru has one or the other strengths and weaknesses, which the other 4 partners cover up with. But, we still have to go a long way and keep on evaluating ourselves from time to time.
9.Tell me about an accomplishment you are most proud of.
Couple of instances and proud moments we have seen and enjoyed in last 8 years, be it opening a new branch, successfully completion of the financial year, our new business verticals introduction.
10.How do you handle pressure?
Pressures are part of all business, we have to cope up with all pressures, by keeping ourselves fit, fine and healthy and keeping our positive attitude towards work and have fun at work. We do lot many stress busters activities involving entire team at MoneyGuru
11.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?
Have no plans as of now, as we have to go a long way yet.
12.What advice would you give to someone starting out?
Advice for someone starting out with new venture – should do proper research about the concept, idea, do SWOT analysis and just not jump into any business by looking at the success of others. Each person is different, so need to understand individual’s strength, interest and financial strength. Also the core team should be selected carefully and thorough discussion about the project & challenges.
13.How do you rate yourself and your growth since inception of your business?
Honestly, first 3 years were very tough and challenging as we had to spend much time on networking, building relationships across India for sourcing new clients and relationships with financial institutions. We did loose couple of clients in our first 3 years of business operations. But we never lost our hope and focus and neither did we diluted our work ethics and business code of conduct, which has helped us in making our brand, relationships with clients, year on year growth.
