A Confluence of BFSI Expertise & Digital Innovation
Sohit Gupta
Founder
Value Founders Private Limited
For Sohit Gupta, numbers were more than mere figures—they were the code to decipher his family business’ operations. This early fascination with numbers and problem-solving sparked his interest in the world of accounting and finance. Growing up in a business-oriented environment, Sohit’s fascination with decoding business operations through numbers began early, shaping his deep interest in accounting and finance. His academic journey further cemented the pivotal role of these fields in driving business success, igniting his passion. Working at esteemed BIG 4’s offered him firsthand insight into how astute financial guidance transforms businesses, inspiring his vision to establish a consulting firm. This vision birthed GMA, ranked among India’s top 100 CA firms, later venturing into Value Founders—a comprehensive consulting entity offering tailored strategic advice. Driven by an entrepreneurial spirit and a dedication to meaningful solutions, Sohit aimed to fuse his expertise with a team committed to delivering impactful results. Reflecting on this journey, he shared, “It’s been a constant evolution marked by learning, adaptability, and the satisfaction of witnessing businesses thrive.” This exclusive perspective emerged from Sohit’s interview with TradeFlock. Intrigued to delve deeper? Explore Sohit’s full insights in the following interview.
What major challenges did you face as a business founder, and how did you overcome them to enhance your leadership skills?
Embarking on the journey of a business founder revealed a series of challenges, each akin to crafting a unique chapter in a story. Securing and retaining clients necessitated weaving an ongoing narrative—a blend of relationship-building, showcasing expertise, and delivering exceptional service. This chapter not only refined my business approach but also honed the art of genuinely understanding and meeting client needs. In a competitive landscape, setting ourselves apart became the narrative’s climax. Identifying our distinctive qualities, effectively conveying them, and embedding them into our brand was a journey in strategic thinking and innovation, reshaping our narrative. Building a cohesive team became its chapter—a narrative of seeking diverse talents, nurturing their growth, and fostering an environment where everyone thrives. It was a lesson not just in leading but in cultivating a supportive culture. Navigating industry trends and technological shifts felt like writing in an ever-evolving genre, demanding constant adaptation and learning. Efficiency in operations became a narrative of continuous improvement, refining processes for precision and speed.These challenges shaped my leadership journey, fostering adaptability, communication, strategic thinking, and empathy—attributes foundational to an agile, collaborative leadership style driven by a perpetual thirst for learning.
How do you maintain financial responsibility and ethical practices in your organisation, particularly when balancing profitability in complex financial situations?
Balancing profitability and ethical standards is vital, particularly in the consulting realm, where ethical decisions profoundly impact client relations and business longevity. At our organisation, we prioritise a robust ethical framework that mirrors our core values and mission. Open dialogue within our team is encouraged to address ethical concerns arising from client engagements, fostering an environment where employees feel empowered to raise such issues. I firmly believe that upholding ethical standards doesn’t equate to compromising profitability. In reality, our commitment to ethical practices has resulted in strengthened client relationships, heightened trust, and improved long-term financial outcomes.
How can financial leaders improve financial education and bridge the literacy gap?
Financial leaders hold significant sway and expertise to address the global issue of financial literacy, particularly in countries like India where diverse socio-economic backgrounds pose a challenge to uniform education programs. One impactful way financial leaders can contribute is through mentorship programmes, offering direct guidance and advice to individuals and aiding them in navigating their financial choices. Moreover, advocating for policies that embed financial education within schools, workplaces, and communities is crucial. Influencing policy changes can establish a lasting impact on financial literacy across a broader spectrum, creating a ripple effect in society. In addition to seminars, tools, and NGO collaborations, the power of direct interaction through mentorship and advocacy for systemic changes can bridge the financial literacy gap, empowering individuals and communities to make informed financial decisions.
How do you ensure continuous learning and stay updated with the latest trends in the dynamic finance industry?
Continuous learning is key in finance’s everevolving landscape. Personally, I pursued professional courses like Company Secretary, CISA, and CSOE post-my Chartered Accountancy, and I’m considering a doctorate. At our organisation, regular Kaizen sessions and mandatory trainings keep us updated on changing laws. We’re also adapting to new tech like AI and blockchain and working closely with partners to automate processes, enabling us to stay agile and relevant.
As an entrepreneur, what upcoming trends and challenges do you see in accounting, finance, and taxation?
The accounting, financing, and taxation sectors are rapidly changing due to technological advancements and regulatory shifts. Automation, AI, and blockchain will streamline processes, while cybersecurity becomes pivotal in safeguarding financial data. Remote work setups are here to stay; reshaping office norms and compliance with evolving regulations remains a challenge. The rise of ESG reporting and heightened client expectations for personalised insights beyond standard services will shape the industry. Handling global operations’ complexities, evolving skill requirements, and the emergence of specialised services in areas like forensic accounting mark further industry shifts. Adapting to these trends demands continual learning, tech integration, and a focus on delivering value-driven, specialised services beyond traditional offerings.
What advice from your entrepreneurial journey would you give young professionals starting accounting or finance-related businesses?
For aspiring finance or accounting entrepreneurs, focus on three key principles. First, build expertise through hands-on knowledge. Second, embrace resilience to navigate challenges. Lastly, seek mentorship for valuable guidance. These pillars—expertise, resilience, and mentorship—form a solid foundation for success in the entrepreneurial journey in accounting and finance.
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