Mr. Apurva Bhagat – Founder, Credit Counselling Services
This Ahmedabadi helps you to get that much needed fund to run your business through proper analysis and improving credit scores.
Into the business since last two decades, Apurva Bhagat is helping SMEs to get funds and thereby help them to rectify their credit score which eventually leads to easier and faster loans. His finance and legal consultancy firm based out of Ahmedabad is a solace to the distressed businessman who gets confused into the maze of procedures and lethargic government operations. His firm has been providing quality credit diagnostics services at affordable cost for their financial health.
With a humble start, today the firm has a network of 30 plus associate partners in India. And, in the next 5 years, there are plans to take the company pan India. Hence, Apurva is targeting a network of 200 Partners touching 10 Million people. Through this expansion plan, he would be able to aid a lot of small time businessman with their fund requirements.
While pointing out what encouraged him to venture out into this business, he rightly points out that “I have many friends who are second-generation entrepreneurs. From their experience, I understood that “Arranging Funds” is a problem area for most of the SME’s. The reason can be any, to expand your business, increase inventory, marketing or improve cash flow. This encouraged me to have a Finance & Legal consultancy company that would address this Problem Area.”
Every success story has its own share of struggle and hardships. While describing the difficulties faced, Apurva remembers those hard days “While I was in school, I lost my father. This created financial crisis in my family. This crisis led to further depletion of resources. I had to sponsor my education by working myself. I have a Bachelor’s degree in Commerce and intended to pursue Chartered Accountancy. But, because of the financial hardships, I had to give up this career option to be a bread winner of the family. It took me quite some time to build this company piece by piece.”
Having spent quite a few years in financial crisis, made him a complete risk-taker. In his entrepreneurial tenure he had seen the worst and hence wasn’t afraid of losing it all again. To set up the company, he had to take a debt. Then he was too early to expand full-fledged into the retail loan segment. In the 3rd year of its operations, he had a team of 40 professionals working for the retail segment. Managing payroll for such a big team was a huge challenge then. Ambition to grow fast led to acquiring an office space of 8,000 sq ft spread across 2 floors. Then again, when he identified the opportunity in Credit repair Segment, it was a big risk to diversify from a settled, successful finance business to a new field.
His humble background taught him to remain grounded even while his venture performs at its best. He is a learner and have never held him back in learning new things. He also has the knack of picking up new skills required to learn new things.
To this hard working entrepreneur, having testimonials from more than hundreds of his happy customers is worthwhile than any awards.