Investment: knowledge and Entrepreneurial zeal. The intellectual synergies of two professionals in the corporate legal, secretarial and accounting domain.
Outcome: The Genesis of a promising Corporate Outfit - Conscientia Consultancy Private Limited.
"When you meet Omprakash & Raghavan, you would be allured by their charm and their disarmingly friendly approach cannot be missed. Through this story they unfold their reason, their hardships and the camaraderie that they shared to shape their dream."
Om & Raghavan had chucked their lucrative careers to chase a dream and carve a niche for themselves. This is the story of CONSCIENTIA - a One Stop Solution for all your Accounting & Payroll, Corporate Secretarial & Legal Compliance.
Every professional journey has a basic premise, a spark that provides impetus to its accomplishments. Looking back it has been an interesting saga, a blend of ambition, entrepreneurial spirit, the ardor to excel and generate employment opportunities for the young aspirants that led to the birth of Conscientia.
Dr.Om Prakash, (Om henceforth), Founder & Director, Conscientia Consultancy Pvt. Ltd., reminisces:
"Right from the beginning, and even in my school days, I had an ambition to be independent, to own a company which provides service and generates employment.
Honestly, I wanted to become a doctor. But, I took up the noble profession of Law and pursued CS (Company Secretary) and MBA.
As my professional journey commenced, I grabbed whatever opportunity that came my way.
I started my professional career in Madras High Court where I was attached to an eminent senior lawyer who taught me the basics of high court practice.
Thereafter, as I was pursuing CS, I thought I should focus on corporate law and moved to Bangalore in 1990 for company law practice, again under another eminent advocate.
The decision was a great career move for me. I had selected Bangalore as the competition was comparatively less besides and Bangalore was the go to destination for all MNC's in those days.
"All through my career, my father was a great pillar of support and encouraged me on each of my decision," Om states with pride.
"The idea of having our own outfit is as old as our first job and the promoters of Alpha were our initial inspirations. After we left Alpha, we were immersed in our respective careers with varied corporate. But, we were destined to come back together in 2003-2004." reminisces Raghavan.
Going back to their jobs in the corporate sector was both challenging and rewarding. But something was amiss!
After a decade of service Om started being restless and had this compelling urge to do something independently.
He realized that he just didn't want to lose time any more time in launching the company of his dreams.
He resigned and came back to Bangalore, where he already had a successful tenure. He established contacts here and commenced his legal practice in a small way.
It was a wonderful coincidence that Raghavan, his friend and acquaintance from Alpha Systems had also decided to quit his job and was looking for greener pastures.
Creativity was unleashed, two minds fused to sow the seeds of a great idea. The launch of a power house called CONSCIENTIA!
"It was as if we were on the roads 'chasing a mirage'," quips Om.
Their first attempt was to crack a private funding deal was met with failure. This could have discouraged most wannabes, but not this professional duo.
Experience, they say, is the best master! The hardships although bitter, taught them valuable lessons - to be judgmental and analytical in approach.
Undeterred, the promoters decided on doing smaller things in areas that was their forte and were comfortable doing them.
While Om had demonstrated excellence in Corporate Legal and Secretarial domain, Raghavan brought to the table rich industry experience across administration, accounting, costing, corporate finance, financial structuring, and credit control and receivables management.
This offered an amazing blend of expertise in their respective domain and depth to the services offered in Conscientia.
The other challenge was related to client servicing within resource constraints.
Om and Raghavan had kick started their business in a miniscule way by conducting their business meetings in Hotel Brindavan on M.G Road, Bangalore as they did not have an Office space initially.
Subsequently, with the help of a friend and well wisher Subramanyam S, Founder and CEO of Ascent Consulting Services Pvt. Ltd, they identified their first office space in Wilson Garden, Bangalore.
It was from here they commenced their corporate, legal and secretarial services. Initially the practice was conducted on individual names. And in 2006, they incorporated Conscientia Consultancy Private Limited. There has been no stopping them ever since.
Incorporation of Conscientia Consultancy Private Limited
Formation of Conscientia Law Associates to cater to legal services
1000+ clients, 50+ professionals, 4 offices across India
"Our aim is to be one among the top legal houses in the country, providing quality solutions and expanding our presence pan India and overseas."
- Conscientia Team