Great Companies: How did you get your idea or concept for the business?
Parikshit Singh: Growing up in a family with a strong business background, the value of money and commercial growth were ingrained in my DNA. And following a career in consulting and investments seemed like a natural progression for me.
Great Companies: What are the various services provided by Hal Clyde Denison Limited?
Parikshit Singh: HCDL is a provider of premium Investor Relations (IR) Services in India — connecting undervalued emerging growth companies with institutions, hedge funds, independent portfolio managers, buy-side and sell-side analysts, retail brokerage firms, and accredited individual investors. We are also consultants to large corporates and smaller enterprises in the field of turnaround, strategy, governance, and business process enhancement.
Great Companies: What makes Hal Clyde Denison Limited different from hundreds of other similar service providers?
Parikshit Singh: We are supercharged; the quality of our work in assignments is top notch. We bring to the table a level of professionalism that clients appreciate. What makes us different is our work ethic and overall proactiveness in projects/ assignments.
Hal Clyde Denison: Commitment to execution™
Great Companies: What were the struggles and challenges you faced and how did you overcome them?
Parikshit Singh: During our course of business, and even BAU at HCDL is full of challenges. As the founder, you are responsible for the survival of your business, and during the inception days, survival is key. We officially incorporated in September 2019 as a limited liability partnership, and then COVID happened. Everything halted, pipeline clients vanished, invoices remained unpaid and then emerged the biggest challenge: cash crunch. But somehow, we managed to stay afloat. It was then I learned the importance of transparency, I openly and frequently communicated with my team regarding business aspects and welcomed suggestions, thereby involving everyone in the decision-making process. So, when there’s a new challenge, instead of being paranoid, I resist the masculine urge of not telling anyone anything - and seek help from my team and somehow a workable solution emerges and is instantly accepted organization-wide.
Now, our culture is literally: of the people, by the people, for the people. It took me a worldwide pandemic to learn this management trait.
Great Companies: How do you plan to grow in the future? What does 5 years down the line look like for Hal Clyde Denison Limited?
Parikshit Singh: I would want Hal Clyde Denison Limited to be more tech-dependent (I believe Tech-enabled is the more appropriate word). We have recently acquired the domain name: lawg.in - which sounds very similar to the word “login” and has the name “law” in it. We at HCDL, intend to create a repository or an online platform that complements our core consulting business within the next 5 years.
Being a Public Limited Company, we are often asked if our shares are listed on the stock exchanges. I think in the near future, a small IPO is definitely a possibility for us. People generally like the transparency of a listed company, and this would be advantageous to us since the listing proceeds would enable us to make right and meaningful investments for sustained growth to ultimately maximize shareholders returns.
Great Companies: If you had one piece of advice to someone just starting out, what would it be?
Parikshit Singh: Collaborative and inclusive brainstorming works. For all personal matters, I’d recommend one to sit along with their family members and - together discuss and come to a common consensus. Similarly, for professional decisions, you must have a strong team that you can bank on. Consultants like us can also help :)