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  • Writer's pictureGreat Companies

Ajay Kumar, Founder at COINSHELL FINANCIAL SERVICES PVT LTD


Great Companies: How did you get your idea or concept for the business?

Ajay Kumar: Being passionate about business and its functioning , I came to know about the foundation of any business which starts from legal and financial roots. Sitting and Networking with CA , CS , lawyers and entrepreneurs I came to know that there is huge gap in providing the right legal functioning of any Startup. Thus the Idea of COINSHELL hit into mind for making it happen. We at COINSHELL stand on a theme of FORMATION TO FUNDING in which we incorporate , manage and get the financial assistance to the startups. 


Great Companies: What are the various services provided by COINSHELL FINANCIAL SERVICES PVT LTD

Ajay Kumar: Coinshell Finserv is working on serving startups and aspiring entrepreneurs through various services, like


  • Business commencement services include registration, licensing, etc.

  • Managing the accounts, taxation, and providing virtual services to build robust financials for the business.

  • Business Development Programme to mentor aspiring new entrepreneurs to build a market-friendly business model.

  • Investment, Fundraising, and Financing for startups across PAN India with Angel Investors, Venture Capitalists, and FundHouses in the network.



Great Companies: What makes COINSHELL FINANCIAL SERVICES PVT LTD different from hundreds of other similar service providers?

Ajay Kumar: Some of our USPs 


1. Coinshell doesn't believe in selling packages to customers , we first identify the need of customers by listening them. Since we have more of human interaction in place of automated calls and emails , we build a long term relation with clients. 


2. We at COINSHELL make it possible for startups investing their time with us to learn the in and out of business financing and make them eligible for funding in the mean time as well.


3. We at COINSHELL are time flexible for support of customers with silent convo approach, where a customer can get answers for his basic queries on whatsapp itself.


Great Companies: What were the struggles and challenges you faced and how did you overcome them?

Ajay Kumar: Entrepreneurship is full of struggles and challenges , sometimes financial , sometimes emotional. 

According to me few challenges are common for each one of us i.e , financial crisis at initial 1 year, to hold the team together, to defend the competitive markets. 


But for all these we need to work hard and get such people in your team who understands your business and can inject some cash at time of challenges. So as I did overcome with such problems because even if we talk hell lot of terms about business , we have to find the human relation first to manage it.

 

Great Companies: How do you plan to grow in the future? What does 5 years down the line look like for COINSHELL FINANCIAL SERVICES PVT LTD?

Ajay Kumar: Our plan is build top 1 million businesses in India who will be responsible to uplift the Indian economy in coming decade and can do massive exports . We will be introducing the automated tech process for making incorporation faster and managing financial data to be used by lending agencies and investors to make funding faster. 


Great Companies: If you had one piece of advice to someone just starting out, what would it be?

Ajay Kumar: To start a new business, a few important points that need to be taken care of are:


  • Finding a real existing problem

  • Testing the solution in the market before becoming anxious or worried about raising funds.

  • Building a team.

  • Understanding the unit economics of the business.


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