Whenever we think about finance, economy, accounting, tax, and monetary aspects, the first person that comes to mind is a Chartered Accountant. Further, when we want our personal, professional, and business finance, investments, loans, tax, budgets, and wealth managed and monetary regulations and policies adhered to, we always demand an expert, accessible, smart, and professional CA.
CA Nitin Mittal, the Founder and Partner of Nitin Mittal & Co. (NMC), not only fits perfectly into the criteria mentioned earlier, but he and his team of stalwarts also go the extra mile to provide you with all services and solutions under one roof.
In Nitin’s words, Nitin Mittal & Co. or NMC was formed in August 2001 as a Chartered Accountancy firm to provide a comprehensive range of services to various industries, including Finance, IT Enabled /BPO, Consultancy, Manufacturing, FMCG Distributors/Retail etc. With soaring aspirations and zeal to succeed, NMC, as the CA Firm, endeavours to be recognized as a reputed professional managed.
Striving for Your Success
Nitin claims, “We are an innovator in Financial, Management Consultancy, Risk Management, Auditing, Taxation and Corporate Laws. In particular, our office is staffed by people who understand the business culture, management requirements and multiple laws and possess the professional expertise that the market demands.”
In today’s globally competitive and complex business environment, NMC has been playing a small but meaningful role in adding strength to the growth of Corporate India. NMC works diligently to faithfully discharge all implicit and explicit responsibilities to its multiple customers, be it clients, staff, the regulator or society.
Furthermore, Nitin says they are empanelled with Public Sector Banks, the Registrar of Societies and the Comptroller Auditor General of India. They also work for almost all major PSU banks on different assignments/audits.
The Firm Financials
Theirs is an ISO 9001:2015 certified firm. What’s more, NMC is one of the few firms which are peer-reviewed by ICAI.
The firm works for national-level NGOs, societies, listed companies, private limited companies, trusts, foreign corporates, ex-pats, etc. Nitin states, “We have state-of-the-art infrastructure, own VPN, own servers, dedicated connectivity, in-house audio/video conference facility, board room with projector system etc.”
Nitin proudly mentions that they got a good team, including Chartered Accountants, Lawyers, Company Secretaries, retired senior managers and above-rank bank officials, accountants, audit assistants, trainees etc.
Tech-Savvy Monetary Pundit
The Founder and Partner of the firm, CA Nitin Mittal himself, is a veteran with degrees including B. Com (Hons.), FCA, MBA, and LLB under his belt. That is not all. A Fellow Member of the Institute of Chartered Accountants of India (Since 2001) having a professional and business experience of two decades, Nitin is a tech-savvy Chartered Accountant with a diverse background with exposure to Accounts, Audit, Budgeting, MIS, Secretarial work, RBI, Taxation, T.D.S., Payroll and Customs.
He is an expert on matters related to start-ups.
As well as his management responsibilities, Nitin continues to take personal responsibility for several of the firm’s long-standing clients. He assists clients with business and strategic planning, mergers and acquisitions, Due Diligence, internal controls and increasing operating efficiency. He has been responsible for numerous assignments in the multinational tax and transfer pricing areas, corporate-wide reorganizations, coordination of provision of global tax services, representation at various levels at tax authorities and other related tax matters. Currently, he heads up the Income Tax, Management Consultancy division and Startup division of the firm.
He also runs an NGO, Shanti Devi Mittal Foundation imparting skills and education to the underprivileged benefitting 600+ persons annually.
A Legacy of Business Bloodline
Sharing his inspiration behind venturing into the financial sector as a CA, Nitin reveals they are from a business family and finance is their bloodline. “This profession allows me to develop analytical thinking and progressive decision-making skills and to demonstrate my proficiency in accounting, maths, critical thinking, communication, and budgeting,” he believes. A finance professional gets all-around development.
Highlighting the USPs of NMC, Nitin says they continuously update and upgrade to cope with new laws, regulations, regimes, developments with training, conferences, etc., to stay one edge above others.
There is an excellent team of professionals, including Chartered Accountants, Lawyers, Company Secretaries, retired senior managers and above-rank bank officials, accountants, audit assistants, and trainees who understand the business culture, management requirements, and multiple laws and possess the professional expertise that the market demands.
“We also invest in technology to keep us way ahead to cope with ever-changing infra needs, COVID, work from home, data security, backups, the cold backup site etc.,” he adds.
Nullifying Challenges
However, Nitin’s journey was not all hunky-dory. There were challenges. The initial challenge was onboarding good clientele, which Nitin overcame by guiding his team to build networking and referrals.
According to him, this profession is extremely competitive and demanding. It involves much responsibility because you must ensure every detail is right while meeting tight deadlines.
The challenges now include keeping abreast of ever-changing laws, training and retaining a good team and ensuring meeting deadlines while maintaining quality and integrity. Nitin says, “We organize training sessions, the balance between work and home and deploying various tools for smooth and efficient working.”
Techno-Efficient Precision
Being an experienced leader, Nitin also shares his opinion on how technology is transforming the Chartered Accounting sector and what advancements can be expected in the future. He says that technology is a key element of any industry. “We must use the technology to save time and effort while increasing efficiency,” he explains. There are various software tools available that not only enhance efficiency and productivity but also ensure accuracy.
Similarly, investing in hardware helps to adapt to new challenges like work home while maintaining data security, cloud computing etc. Time management, accuracy, productivity, and security will all improve. Accountants will be able to provide better insights. The most effective accountants will be those who are open to change.
Purely Merit-Based Future
In his advice to the aspirants willing to venture into the field of CA, Nitin says that this is one of the best courses in India with stability. No Reservations and it is purely merit-based. It gives opportunities to be ready for a job and work as a professional apart from doing business like Mr Aditya Birla. One can have a work-life balance in the profession and can grow steadily.
On envisioning scaling NMC’s scope and offerings in future, Nitin divulges that they have been expanding the range of services to include new areas of practice like due diligence, start-ups, forensic audits and advisory etc. “We are also focusing on overseas markets to provide bookkeeping solutions gaining time and forex difference,” he closes.
