Over the past decade, there has been a noticeable increase in the emergence of organizations dedicated to empowering businesses and communities by providing them with essential resources to improve their financial well-being. These companies offer a wide range of financial services, including Corporate Finance, Audit, Accounting, Restructuring, Debt and Equity Advisory, Investment Advisory, Valuations, and Due Diligence. This empowerment drives industry growth, creates more opportunities, and plays a crucial role in strengthening communities.
Among these impactful organizations, MI CAPITAL Services stands out as a rising star in the financial services sector. Established just a few years ago, MI CAPITAL Services aims to assist organizations in mitigating risks and achieving their financial objectives. Their commitment to delivering measurable results and high-quality service fosters positive and sustainable change for their clients, workforce, and society.
Leading MI CAPITAL Services are Sheetal Soni, a CFA, FCA, and CA Prateek Toshniwal, whose visionary leadership has been instrumental in shaping the company’s mission. In a recent interview, we had the privilege of exploring various uncharted aspects of the industry and uncovering how MI CAPITAL Services is making a tangible and meaningful difference at the grassroots level.
An Overview of MI CAPITAL Services
MI CAPITAL Services, founded by Sheetal Soni, CFA, and FCA in 2019, established its mission as a Comprehensive Financial Services Firm. In 2022, Prateek Toshniwal, FCA, joined as a partner, envisioning the firm’s expansion across seven major global jurisdictions.
With a dedicated team of over 35 professionals, including more than 10 CAs and CFAs, the company offers a diverse range of services, including:
- Corporate Finance
- Investment Banking
- Audit & Accounting
- Tax and Compliance
- Risk & Assurance
- Debt and Equity Advisory
- Investment Advisory
- Valuations and Due Diligence
- Company Formations
- Banking & PRO Services
- Technology and ERP
What distinguishes MI CAPITAL Services is its holistic 360-degree approach to client service. When clients step into their office, they become part of the MI CAPITAL family, receiving exceptional service and support. The firm’s strength lies in providing a comprehensive suite of services all under one roof, facilitated by a highly skilled professional team committed to upholding the highest standards of integrity.
MI CAPITAL Services serves many industries, including Technology, Real Estate, Oil and gas, Tourism, Textiles, Manufacturing, and more. Their primary challenge is striking the delicate balance between cost and benefit analysis to ensure that clients receive sound advice aligned with their specific needs and objectives.
Inside MI CAPITAL Services: Excellence, Integrity, and Teamwork
At the helm of MI CAPITAL Services, Prateek Toshniwal plays a pivotal role in guiding the company’s growth and development. His responsibilities encompass overseeing the firm’s overall well-being. What resonates most profoundly with him in his work is the support and guidance he receives from two essential pillars, Sheetal Soni and Shweta Soni. Their mentorship has nurtured his professional journey and instilled in him the courage and confidence to excel in his role. Prateek’s commitment to his work knows no bounds; whether it is the quiet of 2 a.m. or the early hours of 4 a.m., he remains accessible to his clients and colleagues, unwavering in his dedication.
MI CAPITAL Services is more than a company; it is a closely-knit team of 35 professionals, including over 10 CAs and CFA Charter Holders. Prateek and the leadership team ensure that the team stays motivated and informed through regular meetings, training sessions, and team outings. For MI CAPITAL, the team is not merely a group of professionals; they are a family working together to achieve common goals.
Strengthening Bonds and Earning Acclaim
MI CAPITAL has established significant partnerships that offer valuable services to both businesses and investors. One noteworthy collaboration is with the National Bank of Ras Al Khaimah (RAKBANK), a leading banking institution. This partnership represents a crucial milestone, as it empowers RAKBANK Business Banking customers by providing them with specialized services through a dedicated channel.
Through this collaboration, RAKBANK customers gain access to a range of services, including VAT and accounting advisory, VAT compliance tools, in-house accounting, and remote accounting services. These offerings are designed to streamline financial operations and enhance the overall business performance of RAKBANK’s valued clientele.
Moreover, MI CAPITAL’s reputation for excellence extends beyond its partnerships and is supported by the enthusiastic praise of satisfied clients who have firsthand experience with the firm’s exceptional service.
One client commended MI CAPITAL for their outstanding assistance in opening a business bank account in Dubai. The meticulous attention to detail and steadfast support displayed by its team during the account setup process made a lasting impression.
Another client praised MI CAPITAL’s exceptional professionalism in swiftly establishing a corporate account, highlighting the team’s meticulous approach, accessibility, and overall competence. This outstanding client experience demonstrates the company’s implacable commitment to client success.
Prateek Toshniwal’s Insightful Advice
Prateek Toshniwal shares valuable insights into common pitfalls businesses should avoid when seeking consulting services. In today’s landscape, SMEs and startups are emerging as the driving force for the future. As these enterprises navigate their path to success in 2024 and beyond, the consulting partners they select will play a crucial role in their journey.
One significant mistake, as pointed out by Prateek, is the tendency of businesses to choose consultants based solely on cost considerations. Prateek Toshniwal cautions against this approach, emphasizing the importance of prioritizing quality over cost. In a world where every decision carries consequences, it is essential to recognize that “nothing is free in life.” Opting for a consulting partner primarily for affordability can result in subpar solutions and missed growth opportunities.
Prateek’s advice is clear: businesses should look beyond the allure of low-cost solutions and instead seek consulting firms that offer quality, expertise, and tailored solutions. By doing so, they can make informed decisions that will drive their success and position them for a prosperous future.
Quote
“Look for quality over money and remember NOTHING IS FREE IN LIFE.”
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