Practus’ finance and accounting services assisted the infrastructure developer in developing the financial models on priority and helping STPL prepare financial statements.

Client NameIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
Mona TollsIndustrialsPE BackedProfessional~400$100 million36 months

About The Company

    Mona Tolls is one of India’s fastest-growing infrastructure developers. The group has diversified to include infrastructure, EPC, realty, technology, and natural resources in its fold. The group has a turnover of around $10.7 million and is currently executing 32 projects in 15 states in India. ​

Practus’ Role

  • Finalization of books of accounts of the company for FY 2016-17.​
  • Finalization of audit of the company for the FY 2016-17.​
  • Represent the accounts to the board of the company and get their approval.​
  • The team has also assisted the company with the finalization of the valuation model of all road projects, represented the same to auditors and management, and got their approval.​
  • Prepared documents for lenders and NHAI and represented the same in meetings.​
  • Prepared the budget for FY 2017-18 and submitted the same to the company.​

Impact Delivered

  • Practus deep-dived and resolved the open issues (it involved discussion with multiple stakeholders and bringing best practices).​
  • Assisted company to finalize the books .​
  • Assisted STPL with the preparation of financial statements and annexures for submission to the auditor .​
  • Most of the accounts were dormant. Practus found out the ways and means of obtaining the required documents.​
  • Successfully developed the financial models on priority and successfully got the approval of both the client and auditor.​
  • The IND-AS financials were made error-free to the satisfaction of all stakeholders. Also, MAT liability has been saved based on the classification and valuation of INDAS.​
  • Weekly update on the process of share transfer-NOC to Mona Polls.​