In the times when covid has shattered many dreams for majority of entrepreneurs of the world. Making a comeback with the right strategic plan is the only way forward. We have an individual with us today from WestBengal, who has an inspiring story. He has been a global traveller and has done business throughout the world. With having an excellent experience of 30+ years he is deriving convictions during this pandemic. We are talking about Ajit Jain, a financial Consultant, who is having his firm by the name of Medra Finvest in West Bengal.
His Journey
We are talking of the time in the 19th century when he was young and that time, life was much easy. The internet was not invested. The newspaper and other such networking methods have been the ways to build upon. Ajit Jian, the financial consultant today belongs to the family of solicitors. However, for him, the concept was much clear, to do something new and on his own.
In those days, he was the first to have the Apple laptop in the entire region of West Bengal aka Kolkatta. He did the designing of the wedding cards through that. This was going good, then he was fortunate to move on towards the corporate seminars. There he worked for backend presentations. Everything was new for which keep working on. He further moves on with television advertisements for Doordarshan station through his latest Apple computes.
Moves Abroad
After having success in everything Ajit Jain moved to Singapore, to grow the business. He saw the opportunity, as he went to the seminar. Ajit understands that we can give the goods from India to Russian on a consignment basis. Yet again this concept is new and fetched him good profit margins.
Things change
While everything was going great, there came a time when he has to wind up things from Russia. Due to family circumstances, he came to India. By this time he has developed several contacts all across the globe. Further, he possesses good knowledge of import-export, global business working. These things gave him an edge while gradually he set up mutual funds business. Then added loans and today expanded in several financial products. In entire India, he is one of the highest financial consultants who maintain high-value portfolios.
About Medra Finvest
His small concept became big, he became a successful financial consultant. Today his firm is maintaining a portfolio of 272 cr
under them. Both sons are also working with him to manage the vast business. The firm has its branches in Bangalore, Kolkata and New Delhi.
The firm provides several financial services to PAN India. Ranging from Mutual funds through proper research of all debt and equity schemes and advice as per market scenario. Bonds, Fixed Deposits – Providing Tax-Free, PSU Bonds, Perpetual Bonds at best Rate. Broking – Equity (NSE & BSE), Commodities, Derivative & Currency. Duty Credit Scrip- We BUY/SELL, maintaining Inventory and providing regular service to exporters and importers. Project Finance, Equipment Finance, LAP, LRD, Home Loan etc.- Having good and professional relations with PSU and Private banks loan syndication team availing to get better rates and amount. Property – Purchase, Sale, Rent. ICD (Inter Corporate Deposit) – Only suggesting borrowers after proper checking of CIBIL, ITR and Goodwill. Real Estate Developer – In Joint Venture.
A message for entrepreneur
With us at storyofsouls.com, the story is incomplete until we give the message to our readers. As we have with us the much-experienced entrepreneur and financial consultant who is working for the last 30+ years and have seen two economic recessions in his lifetime. Witness how business has transcended from being trust-based to the competitive and gadget based and digital working today.
The way things have improved under the MSME process. MSME is indeed the right step in the times to come. This is a win-win situation for all the stakeholders be it Government, the entrepreneur, and the overall industry. MSME will boost employment. This helps young start-up entrepreneurs in having a better support system and hence feels motivated.
Learnings from Pandemic
Collaboration is a healthy option. The new entrepreneurs must take help from the old businessman, and vice-versa. These methods will help the market in serving better products, with experience and technology. Suppose there is a wagon manufacturing firm that can adapt to new apps and smart technology, which are being built by the younger generation. Angle investment is yet another way to collaborate with the rate of investment.
This pandemic has taught several things to the business fraternity. All you need to do is to find out new ways for diversification. Today, with ample opportunities for funding such as NBFC/ Hero fin corp. The system is in place today to provide funding and to support the start-ups. The help and assistance is the only way out be it by financial support, making referrals, client support.
In the end, we ask him, what he feels about the business should they wait to start functioning. To this Ajit replied that don’t wait, start the working, be it less or no business you must be prepared to grab the opportunity. While being working the money will keep on circulating, which’s vital at this moment.
For the start-ups, if they want to have the funding, the MSME is there to provide the right support. Rather than going on your own, it better is to work under the MSME the future is bright.
A versatile personality
Indeed Ajit is a multi-faced personality, who has not only earned his name as a financial consultant, an entrepreneur but he is much dedicated to societal causes. He has been associated with NGO’s as well. His experience goes from 30 years starting from his native place to moving to Russia, Mascow, for 6 years. Then to become a Financial consultant. He has experienced all the business ways and methods. A Winner of Mother Teresa International Award from the ex-chief justice of Allahabad High Court and Ex-Governor of Bengal Mr Shyamal Sen in presence of West Bengal Governor Mr Jagdeep Dhankhad for his outstanding contribution in the field of social work. Further, has been Director of Lions Club Magnet. A lot is there to learn from him and imbibe within. Wishing Mr Ajit a shining and prosperous life ahead. We wish he keeps on rising and inspiring us with his great work.
You can also share your life story with us at replytosos@gmail.com. Story Of Souls is an initiative where we invite people to bring their stories to us. We want people to “write to heal.” The idea of Storyofsouls has been appreciated by ALL INDIA RADIO, an Online Platform where you can share your real-life stories. The impact of our stories has reached to UN, Harvard University. On some real-life stories, web series are also planned. You can also visit our Youtube channel. You can follow us on Facebook LinkedIn Instagram
