bring in the transparency in pricing and other related aspects of the transaction. Copyright @ 2017 MYND SOLUTIONS PVT LTD. All Rights Reserved. Developed markets provide receivable solutions in a wide variety of products by the Mynd Solution's approach puts process at the forefront, understanding the value it brings to a company in driving frontend results such as customer satisfaction and retention, revenue generation and profitability. He has worked extensively in the supply chain finance space with industry pioneers like Citigroup, HSBC and ICICI Bank Ltd. SIDBI Venture Capital Limited (SVCL), incorporated in 1999, is an investment management company and a wholly owned subsidiary of SIDBI (www.sidbi.in), the Apex Financial Institution in the country for the MSME sector. His proficiency includes accounting in SAP, Oracle and Great Planes. As a great value creator in the chain, M1xchange has undoub tedly gained good reputation among bankers. Mynd solutions, established in Gurgoan in the year 2002, the company expanded its operations to Mumbai, Banglore and 15 plus cities across the country. www.m1xchange.com . Need of the hour is to reduce the operational costs by reinventing the age-old processes, introduction of technology and optimizing man, Technology performs incredible human tasks with relative ease. MYND SOLUTIONS - MYND SOLUTIONS - M1Xchange For any queries or complaints, please call us at: Customer Care: 1800-1037261 (Toll Free) In this evolving business scenario, the chief finance officers or CFOs are seen putting a lot of thought into transforming the finance, Behind every Successful Organization, there are its Successful and well engaged Employees This is no longer just a statement but a way of life now for all Corporates and on this note , I am glad to share my views with all of you on the fundamental and growing trends of Talent Management. Today Organizations, Recent Research conducted by the Aberdeen Group found that companies that leverage outsourcing & automation can process invoices / transactions as much as 59 percent faster than companies that dont outsource. Small and Medium enterprises globally are seen to have stress arising out of the delayed realisation On November 24th, 2015, Reserve Bank of India (RBI) granted in-principle approval to three companies to set up Trade Receivable Discounting System (TReDS) platform. Mynd Solutions is one of the very few entities. Mynd Solutions is a leading global service provider in business process and technology management, offering broad spectrum of services in Finance and Accounting (FAO), Human Resource Outsourcing (HRO), Information Technology (IT) and Consulting. Online terminals will be offered to corporates, MSMEs and the bankers to transact on the platform. Mynd Solutions is a leading global service provider in business process and technology management, offering broad spectrum of services in Finance and Accounting (F&A), Human Resource Processes (HR), Information Technology (IT) and Consulting. OFF BALANCE SHEET* for Corporate and its Vendors WORKING CAPITAL FINANCING for growth through Mynd Financial Services (MFL) REDUCED PROCUREMENT COST The exchange will enable the availability of funds to MSMEs segment at a much lower rate of interest in comparison to the offline market, he said. MYND SOLUTIONS PRIVATE LIMITED m1xchange.com. He has worked with Industry pioneers like Citigroup, HSBC, and ICICI Bank Ltd. know more, With an extensive experience of over 3 decades in banking and finance, Mr. Tushar Buch has commensurate skills and proficiency in entire gamut of banking. Enable Corporates and MSMEs to focus on their key business and make other expertise available at their doorstep, virtually, Improve your bottom line with Mynds finance and accounting outsourcing solutions, built to achieve high-performance business results. M1xchange is one of India's leading TReDS (Trade Receivable electronic Discounting System) platform that was licensed by the Reserve Bank of India (RBI) in 2015 to facilitate the discounting of invoices and bills of exchange of MSME vendors on a PAN India basis. transforming the way the receivable finance and other supply chain finance solutions are operating Mynd Solutions Pvt. . easy and effective process driven by technology. The efficiencies creates significant value for the Suppliers, Buyers and Financiers in the system. Vivek is the co-founder of Mynd Solutions. kalpana jha Entrepreneur at BWW GLOBAL . "We have invested around Rs 25 crore for setting up M1xchange, which is partly funded by Sidbi VC fund and internal accruals," Mohindru said. M1xchange employs the latest technologies to ensure the authenticity of the underlying transactions. HDFC Bank TReDS is an innovative system conceived and regulated by RBI that Over its life, SVCL has managed funds focused on different themes including Sta rtups/ early stage technology businesses, manufacturing SMEs, service entities, agri- businesses, financial inclusion companies, etc. ACCESS TO NETWORK OF 35 BANKS in India for online Financing of Payables INTEGRATED SOLUTION FOR PAYABLES FINANCING- M1XCHANGE FROM MYND for financing of Payables vide Factoring. Financing on M1xchange is Without Recourse to the MSME supplier as per RBI guidelines. Lorem ipsum dolor sit amet, consectetur adipiscing elit. M1xchange has digitally transformed the process of gaining access to working capital for . M1xchange Get in touch with us Enquiry Registration By submitting above details, I override my NDNC registration and authorize Mynd Solutions Private Limited or its representative to contact me through SMS/ Call/ Email/ WhatsApp for any assistance and this will not cause any inconvenience to me. This has the capability of Ltd. Nov 2018 - Nov 20202 years 1 month. BEENEXT aims to establish a platform of founders, by the founders and for the founders across the globe, primarily in South East Asia, India and Japan. Maximize your output and profits by optimizing the utilization of your human resources without increasing costs. This will change the way of business dealings between suppliers and corporates by taking the whole process online and making it seamless.". them. This includes experience in Service, Manufacturing, Telecom and Retail Sectors and system like Tally, FoxPro, PeopleSoft (JD Edwards), Oracle 11i, Focus RT Retail, SAP ECC 6.0 etc. To provide solution-based approach adept with innovation & flexibility towards financing solutions for stakeholders. Sundeep is a leading Finance & Technological innovator and a serial entrepreneur in Finance, HR and FinTech space. The Reserve Bank of India granted approval to Mynd Solutions Pvt Limited to set up and operate the TReDS platform named M1xchange, the first trade receivable exchange in India. Maximize your output and profits by optimizing the utilization of your human resources without increasing costs. 18 comments on LinkedIn HDFC Bank has partnered with M1xchange promoted by Mynd Solutions Pvt Ltd to make a debut in the Trade receivables Discounting System (TReDs) platform. I look forward for your active participation in our journey to bring about a positive change in this space. Launch of M1xchange, an RBI approved TReDS platform for invoice factoring. With a Pan-India presence through 25+ offices in all metropolitan cities and with a total strength of 1400+ employees with a vastly experie nced top management team. Seasoned Chartered Accountant with over 18 years comprehensive experience with expertise in all phases of Accounting, Tax Advisory, Financial Statement reporting, Compliance and Audit Procedures. Till date, six banks and NBFCs have registered in the platform and five are in the process, he said. Either your business is just venturing out into the open or it has been in the open for a while; our strategies focus on driving your business more towards sustainable growth. And nobody would ever complain about taking a little help from the machines, especially people who have a business to run. As we look to the future and continue on this path of evolution our focus will be to deepen our core competence and build scale in our business lines; to increase customer orientation and thereby improve our value proposition to our customer base, and to be responsible corporate citizens and respond to the needs of the larger stakeholder community and the environment we operate in. But not with our RPO solutions. Any question for which understanding of specific scenario is required or which may require some analysis before answering the question, may be asked from an expert, who can answer that specific question. In todays fast-paced world, organizations are busy in creating disruptions in what we eat, drink, breathe, how we commute, communicate, the very way we live. Departments (Buyers) and Banks/NBFCs (Financiers). Key participants in TReDS are Micro, Small & Medium Enterprises MSME (Suppliers), large Corporates including PSUs and Govt. Rohan Ray Former Accounts Officer New Delhi. He has been associated with Mynd for over a decade now and heads overall operations for Mynd Solutions. The exchange is changing the traditional field of bill discounting by bringing the entire process online along with participation of banks through online auctioning The Company couples deep process knowledge and insights with a focused IT approach, targeted analytics and pragmatic engineering to deliver an integrated process solution. Small and Medium enterprises globally are seen to have stress arising out of the delayed realization of receivables. This LLC is involved in making investments in the market/corporates on behalf of its parent company. Mynd Financial Services (Mynd Fintech) is a Digital lending marketplace focused on enabling Supply Chain Finance Solutions. Headquarters Regions Asia-Pacific (APAC) Founded Date Apr 1, 2017 Founders Sundeep Mohindru Operating Status Active Last Funding Type Secondary Market Also Known As Mynd Online National Exchange Legal Name M1xchange Company Type For Profit Contact Email sales@m1xchange.com Phone Number 18001037261 M1xchange has digitally transformed. AMAZON.COM NV Investment Holdings, Inc.,This LLC is a 100% wholly owned subsidiary of Amazon.com, Inc. which is an American multinational technology company based in Seattle, Washington, which concentrate on e-commerce, cloud computing, digital streaming, and artificial intelligence. Worked with the industry leaders like IDBI Bank, ICICI Bank and YES Bank, know more. Looking forward for your active participation in our journey to bring about a positive Talking about the new entity, Mohindru, "The manual bill discounting market size currently stands at Rs 30,000 crore annually, With the online system coming in place, it is only expected to grow manifold in the years to come. Mynd Solutions to launch Online National Exchange for TReDS. "By integrating multiple technologies, IndiaMART has been able to provide 360 degree solutions to SMEs for their. To keep getting important updates on TReDS, sign up to our newsletter. For any queries or complaints, please call us at: Customer Care: 1800-1037261 (Toll Free) Our rich legacy, our innate understanding of the markets we operate in, and our ability to evolve to meet the changing needs of the increasingly globalized economy of India. However, in the Indian context largely such options were so far not available to Small and Medium enterprises. This critical, Finding the perfect resource for the job could be quite prolonging generally. We pride ourselves on this process of diversification. Businesses are able to offload transactional functions and gain the ability, A leading security services company employing more than 1 Lakh employees deployed across every state in India, having presence in more than 130 locations with multiple codes and sub codes for social security and Provident fund management, working with more than 15000 end client locations, was faced with a unique challenge of bringing efficiency and, Manufacturing Industry is going through a rough patch Increased costs of raw material and decrease in demand is making it increasingly difficult to stay profitable, even for the top names in the Industry. (Between 10:00 AM to 6:00 PM - Monday to Friday), You can also write to us at: helpdesk@m1xchange.com. Anything that is not really a question, but requires execution of a task like filing returns for a company, filing PF compliances, balance sheet preperation etc can also be handled by the expert panel; such tasks are referred to as 'Assignments' on the platform. Mynd Solutions Pvt Ltd - M1xchange Oct 2022 - Present2 months Associate Vice President Marketing IFCI FACTORS LTD Oct 2008 - Nov 202214 years 2 months Factoring - Generating leads, Credit. M1xchange employs the latest technologies to ensure the authenticity of the underlying transactions. Since its establishment in 2015, the team has invested in over 180 companies globally. Receivables Exchange of India Ltd (RXIL) | 6,548 followers on LinkedIn. Mynd has also developed a niche in the international HR space, offering multi country services on a single platform under his leadership. Mission Company Status: Active Company Age 20 years 5 months . The exchange has hosted Nationalised, Private and Foreign banks to finance these receivables at most competitive rates with a unique model of bidding by the banks. The Company couples deep process knowledge and insights with a focused IT approach, targeted analytics and pragmatic engineering to deliver an integrated process solution. Vivek has been instrumental in fostering mutually beneficial partnerships with other service providers that has immensely benefited Mynd. Gurgaon, Haryana, India. Get our experts to guide you in the Digital Transformation journey. By harnessing the latest digital technology tools M1xchang endeavours to bridge this gap. M1xchange TReDS is a digital marketplace to sell the receivables to banks/NBFC set up under the approval of Reserve Bank of India (RBI) to facilitate the discounting of invoices and bills of exchange on a PAN India basis. currently. 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