To provide solution-based approach adept with innovation & flexibility towards financing solutions for stakeholders. A leading security services company employing more than 1 Lakh employees deployed across every state in India, having presence in more than 130 locations with multiple codes and sub codes for social security and Provident fund management, working with more than 15000 end client locations, was faced with a unique challenge of bringing efficiency and (Between 10:00 AM to 6:00 PM - Monday to Friday), You can also write to us at: helpdesk@m1xchange.com. In 1997 he graduated from Delhi University, with a Bachelor's degree in Engineering (Computers), First Class with Honors. Vivek has over 15 years of experience in setting up shared service centers in the HR and F&A space, with 3 years in consulting and 12 years in outsourcing functions, serving companies in the Manufacturing, Engineering, Services, and Telecom industries. transforming the way the receivable finance and other supply chain finance solutions are operating Business Transforms Now Kapil is also an Information Systems Auditor, GST Expert, and Certified in Forensic Accounting & Fraud Prevention from the Institute of Chartered Accountants of India. In this evolving business scenario, the chief finance officers or CFOs are seen putting a lot of thought into transforming the finance, Behind every Successful Organization, there are its Successful and well engaged Employees This is no longer just a statement but a way of life now for all Corporates and on this note , I am glad to share my views with all of you on the fundamental and growing trends of Talent Management. Today Organizations, Recent Research conducted by the Aberdeen Group found that companies that leverage outsourcing & automation can process invoices / transactions as much as 59 percent faster than companies that dont outsource. 162 2 Maximize your output and profits by optimizing the utilization of your human resources without increasing costs. M1xchange is an outcome of the RBI's approval to Mynd Solutions to implement TReDS (Trade Receivables Discounting System). Awarded as "The Digital Solution of the Year" at the Express IT Award 2017. know more, Vivek is a seasoned banking & finance professional with over 13 years of extensive experience in the supply chain finance. Anything that is not really a question, but requires execution of a task like filing returns for a company, filing PF compliances, balance sheet preperation etc can also be handled by the expert panel; such tasks are referred to as 'Assignments' on the platform. Java Software Engineer at Mynd Solutions Pvt. 288A, Udyog Vihar, Phase-IV, Gurgaon - 122001 Haryana, India. Shop. 18 comments on LinkedIn Company Status: Active Company Age 20 years 5 months . Finance & Accounts Outsourcing; Human Resource Outsourcing; Case Study; Home; Finance & Accounts Outsourcing; Human Resource Outsourcing; Case Study But not with our RPO solutions. The exchange is changing the traditional field of bill discounting by bringing the entire process online along with participation of banks through online auctioning AMAZON.COM NV Investment Holdings, Inc.,This LLC is a 100% wholly owned subsidiary of Amazon.com, Inc. which is an American multinational technology company based in Seattle, Washington, which concentrate on e-commerce, cloud computing, digital streaming, and artificial intelligence. M1 aims to improve the flow of funds to MSME enterprises by reducing the receivable realisation We pride ourselves on this process of diversification. not available to Small and Medium enterprises. This includes experience in Service, Manufacturing, Telecom and Retail Sectors and system like Tally, FoxPro, PeopleSoft (JD Edwards), Oracle 11i, Focus RT Retail, SAP ECC 6.0 etc. Mynd Solutions Pvt Ltd - M1xchange Oct 2022 - Present2 months Associate Vice President Marketing IFCI FACTORS LTD Oct 2008 - Nov 202214 years 2 months Factoring - Generating leads, Credit. Mynd Solutions Pvt. The financiers are able to easily find bills of exchange that are authenticated digitally by the counterparties and fund them. The exchange will enable the availability of funds to MSMEs segment at a much lower rate of interest in comparison to the offline market, he said. M1xchange Get in touch with us Enquiry Registration By submitting above details, I override my NDNC registration and authorize Mynd Solutions Private Limited or its representative to contact me through SMS/ Call/ Email/ WhatsApp for any assistance and this will not cause any inconvenience to me. Basic Data Updated 1 month ago Instant Update Last Filing with ROC 31 Mar 2021 Buy Report AP NP MR, 288A, Udyog Vihar, Phase-IV, Gurgaon - 122001 Haryana, India. The use of TReDS is aimed at improving the flow of funds to micro, small and medium enterprises (MSMEs) by reducing the receivables realisation cycles. This will benefit the industry by providing the much needed cash flow on unsecured basis Products and Solutions designed to meet the unique challenges faced by businesses across Industries Introduction to Mynd Mynd is a leading global business process and technology management company, offering Tech enabled F&A and HR solutions to wide array of companies from Fortune 500 to small and medium businesses Learn More Meet our Leaders The financiers He is a successful entrepreneur with a strong background in Accounts and Finance. "We have invested around Rs 25 crore for setting up M1xchange, which is partly funded by Sidbi VC fund and internal accruals," Mohindru said. them. This brings in the transparency in pricing and other related aspects of the transaction. By harnessing the latest digital technology tools M1 will endeavour to bridge this gap. Sunil likes travelling, reading and adventure sports. TReDS will allow SMEs to post their receivables on the system and get them financed. kalpana jha Entrepreneur at BWW GLOBAL . Key participants to be Micro, Small & Medium Enterprises "MSME" ("the Seller . Copyright @ 2017 MYND SOLUTIONS PVT LTD. All Rights Reserved. HDFC Bank TReDS is an innovative system conceived and regulated by RBI that M1xchange is one of India's leading TReDS (Trade Receivable electronic Discounting System) platform that was licensed by the Reserve Bank of India (RBI) in 2015 to facilitate the discounting of invoices and bills of exchange of MSME vendors on a PAN India basis. By leveraging technology, the Cashinvoice platform links financial institutions, large corporations, and their MSME supply chain partners to extend working capital by offering embedded lending products to grow and . Mynd Solutions is a leading domestic service provider in business process and technology management, offering a broad spectrum of services in FAO, HRO, IT & Consulting. Mynd Solutions to launch Online National Exchange for TReDS. Automating Receivables In India - The beginner's guide More than 20 Years of post-qualification experience in Automation, Solutioning, Service Delivery, Internal Control, P& L ownership, Accounting, MIS and Taxation. Leading global service provider in business process and technology management, offering a broad spectrum of services in Finance and Accounting (FAO), Human Resource Outsourcing (HRO), Information Technology (IT) and Consulting. Using an outsourcing provider enables companies to do more, with fewer internal resources. Ltd. Nov 2018 - Nov 20202 years 1 month. Developed markets provide receivable solutions in a wide variety of products by the bank as well as non- bank entities. Hyderabad / Delhi: M1xchange, India's largest TReDS platform, has secured over INR_324 million in secondary funding from Indiamart Intermesh Limited, in a deal that provided a part exit to SIDBI Venture Capital Limited, an early investor in the company, The team invests in early-stage tech start-ups that are focused on building the new digital platforms driven by the data network. He has been associated with Mynd for over a decade now and heads overall operations for Mynd Solutions. At Mynd, Vivek is responsible for overall operations and strategy, leading a team of more than 1100 employees. M1xchange aims to provide MSMEs Supply chain related cash flow finance at competitive rates through an open bid process via multiple financiers. M1 will also provide a transparent and open architecture system for all the stake holders. . Brand Marketing: Managing the entire marketing and branding activities of Mynd Solutions and M1xchange, encompassing the entire range of ATL, BTL and Digital Marketing Campaigns in Indian and African Market. Mayfield India has over $200 million under management and is a sector agnostic fund that invests in both technology, as well as, non-technology start-ups across sectors such as financial services, consumer brands, FMCG, logistics, and healthcare amongst others. He is a successful entrepreneur with a strong background in Accounts and Finance. Sundeep is a leading Finance & Technological innovator and a serial entrepreneur in Finance, HR and FinTech space. Ltd. | 21,469 followers on LinkedIn. TReDS has the capability of transforming the way the receivable finance and other supply chain finance solutions are operating currently. Vivek is the co-founder of Mynd Solutions. Mynd Solutions is a leading global service provider in business process and technology management, offering broad spectrum of services in Finance and Accounting (F&A), Human Resource Processes (HR), Information Technology (IT) and Consulting. We have created M1 Mynd Online National Exchange for Receivables, which will be operational in next 2-3 months period," Mynd Solutions CEO Sundeep Mohindru told here. This has the capability of For any queries or complaints, please call us at: Customer Care: 1800-1037261 (Toll Free) And nobody would ever complain about taking a little help from the machines, especially people who have a business to run. In this entire cycle, managing finance becomes a laborious & tedious work. easy and effective process driven by technology. Departments (Buyers) and Banks/NBFCs (Financiers). He has worked with Industry pioneers like Citigroup, HSBC, and ICICI Bank Ltd. know more, With an extensive experience of over 3 decades in banking and finance, Mr. Tushar Buch has commensurate skills and proficiency in entire gamut of banking. To channelize MYNDs leading practices to offer best-in-class Trade receivables exchange for MSMEs, Corporates & Financiers; ensuring seamless liquidity flow between all stakeholders, contributing to the countrys growth. bring in the transparency in pricing and other related aspects of the transaction. cycles. Copyright @ 2017 MYND SOLUTIONS PVT LTD. All Rights Reserved. . As a great value creator in the chain, M1xchange has undoub tedly gained good reputation among bankers. Mumbai, Oct 4 Gurgaon-based Mynd Solutions will launch Online National Exchange for Receivables over the next three months, its CEO said. Download M1xchange TReDS and enjoy it on your iPhone, iPad and iPod touch. His strong industry focus and client relationships have enabled the Company to build credibility with 200+ clients in a short period of time. Mynd has also forayed 3 years ago into a niche Fintech space with the setup of the M1xchange under the auspices of the RBI licence granted to only 3 companies across India. . Mynd Integrated Solutions is a leading global service provider in business . M1xchange employs the latest technologies to ensure the authenticity of the underlying transactions. SIDBI who has invested through their 2 funds in M1xchange namely Maharashtra State social venture Fund & Indian Opportunities Fund. Every business enterprise consists of a system of interconnected processes and functionalities. Small and Medium enterprises globally are seen to have stress arising out of the delayed realisation Mynd has also developed a niche in the international HR space, offering multi country services on a single platform under his leadership. The Company couples deep process knowledge and insights with a focused IT approach, targeted analytics and pragmatic engineering to deliver an integrated process solution. Since its founding in 1969, the Firm has invested in more than 500 companies resulting in 117 IPOs and more than 200 mergers or acquisitions. To function efficiently, business departments need access to files and data from all the, In a fast-moving world, there could not be anything more important than keeping up with developing trends. Sunil has 21 years of experience in Digital Space and has been part of large project implementations for Banks, Exchanges and financial institutions across many International geographies, like, North America, Central Europe & Asian Markets. Most of the Start-ups today need to manage finance & accounts processes on the one hand & expanding business & operations on the other hand. Mynd Solution's approach puts process at the forefront, understanding the value it brings to a company in driving frontend results such as customer satisfaction and retention, revenue generation and profitability. currently. It is changing the way companies do, The finance functions in Indian companies are facing increasing demands as a result of the dynamically growing business environments, rapid technological changes, increased linkages with overseas environments and enhanced standards of reporting, etc. Our service offerings include building strong customer relationships and providing the know how to maximize the effectiveness of every customer interaction. His proficiency includes accounting in SAP, Oracle and Great Planes. 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