Getalong Enterprise Ltd Management Discussions

?‚? Introduction:

Our Company was originally incorporated under the name "Getalong Enterprise Pvt. Ltd." under the provision of the Companies Act, 2013 and the Certificate of Incorporation was issued by the Registrar of Companies, Mumbai on July 29, 2020. Consequently, the status of the Company was changed to public limited and the name of our Company was changed to "Getalong Enterprise Ltd." vide Special Resolution passed by the shareholders at the Extra Ordinary General Meeting of the Company held on March 18, 2021. The fresh Certificate of Incorporation consequent to conversion was issued on April 12, 2021, by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is L93000MH2020PLC342847.

?‚? What is Tax Consultancy Service?

Tax Consultancy Service is a vital component for businesses and individuals looking to navigate the complexities of tax laws and regulations. With constantly changing tax codes and policies, the demand for expert advice and support in tax planning and compliance has seen a significant increase in recent years. Market research indicates a steady and robust growth in the Tax Consultancy Service market, driven by the need for specialized knowledge and personalized solutions to optimize tax outcomes. As companies strive to minimize tax risks and maximize tax benefits, the role of tax consultants has become indispensable in ensuring financial success and legal compliance.

?‚? Market Segmentation Analysis:

Tax Consultancy Service market types include Income Tax Compliance Services, Indirect Tax Compliance Services, Cross-Border Tax Advisory Services, Tax Dispute Advisory, and others. Income Tax Compliance Services focus on ensuring proper income tax filings, while Indirect Tax Compliance Services deal with taxes on goods and services. Cross-Border Tax Advisory Services assist businesses with international tax regulations. Tax Dispute Advisory services help clients resolve tax-related conflicts. Market applications for Tax Consultancy Services include listed companies, private companies, and others who seek professional assistance in tax planning and compliance to avoid legal issues and maximize tax efficiency.

?‚? Tax Consultancy Service Market Trends, Growth Opportunities, and Forecast Scenarios:

The Indian economy is on a high-growth trajectory and is poised to become the third largest in the world by 2030. This presents immense opportunities as well as challenges for businesses, as they adapt

to new and evolving business models and client expectations. At the same time, the tax environment is undergoing a radical transformation, driven by global and domestic reforms, digitalisation, and increased scrutiny and compliance. In this context, the finance and tax functions need to work together to create value, manage risks and leverage technology. Due to increasing complexity in tax regulations and the growing demand for specialized tax advice. Market research reports indicate a rise in the adoption of tax consultancy services by businesses and individuals to navigate through the intricacies of tax laws and maximize tax savings. The market is highly competitive, with key players focusing on expanding their service offerings and enhancing their technological capabilities to meet the evolving needs of clients. Future growth prospects for the industry look promising, driven by the increasing focus on compliance and risk management amidst changing tax landscapes globally. However, the sector faces challenges such as regulatory uncertainties and cybersecurity threats that could impact the market dynamics. Opportunities for growth lie in leveraging data analytics and artificial intelligence to provide personalized tax solutions and in expanding services to cater to the rising demands of international tax planning and transfer pricing. Overall, the tax consultancy service market is poised for significant growth but will require innovative strategies to address challenges and capitalize on emerging opportunities.

?‚? Future Outlook of Tax Consultancy Service Market:

The present outlook of the Tax Consultancy Service market is positive, with increasing demand for expert advice and guidance on navigating complex tax laws and regulations. As businesses and individuals seek to minimize tax liabilities and optimize financial planning strategies, the need for specialized tax consulting services continues to grow. Looking towards the future, advancements in technology and changes in tax legislation are expected to shape the industry landscape, driving further innovation and specialization in tax consultancy services. Overall, the market is poised for steady growth and evolution, offering ample opportunities for practitioners in the industry.

?‚? Company Outlook:

Indias tax advisory and compliance market continues to expand on the back of rising formalization, steady GST revenues, digitisation of administration, and ongoing reform. Regulatory digitisation - faceless income-tax administration, expanded e-invoicing, and growing data-protection obligations - are major themes shaping demand for advisory, compliance and tax-technology workstreams.

Founded in July 2020, our Companys main target is individual taxpayers earning a salary but struggling to make sense of Indias notoriously complex income tax system. Its a fast-growing market: official statistics show that the number of Income tax returns filed has seen a rise of 36% in

last 5 years with around 9.19 crore ITRs filed (including updated returns) in FY 2024-25 compared to

6.72 crores in FY 2020-21. This consistent growth reflects expanding taxpayer base and voluntary compliance. The Indian Government has forecast that by 2047, the figure is likely to run into hundreds of millions.

The growing complexity of income tax regulations and the increasing number of individuals filing income tax returns highlight the need for user-friendly technology-driven solutions. Our mission is to address this challenge by developing artificial intelligence-powered solutions that help our customers save money while achieving their financial goals.

Our goal is to use technology to provide a more engaging service than an accountant would traditionally offer. The new generation of taxpayers need real-time tax calculation and multiple nudges to get their attention. This is not possible with traditional solutions such as hiring an accountant, as these people are expensive and deal with multiple clients simultaneously which leads to errors.

We at Getalong Enterprise Ltd aim to build the best tax optimisation platform for consumers within India. The world of taxes is complicated and confusing, and our vision is to develop a digital platform which helps individuals and employees stay compliant while maximising tax savings.

?‚? Getalongs Financial Performance:

?‚? Analysis of Statement of Profit and Loss Account:

?‚? Total Revenue: The Total Revenue of the Company from continuing operation for year ended March 31, 2025, stood at Rs. 213.21 Lakhs

?‚? Operating Profit: Operating Profit for the year ended March 31, 2025, was Rs. 187.13 Lakhs from continuing operation

?‚? Depreciation: Depreciation for the year ended March 31, 2025, was Rs. 1.74 Lakhs

?‚? Finance Cost: Finance Cost for the year ended March 31, 2025, was Rs. 16.62 Lakhs

?‚? Other Income: Other Income for the year ended March 31, 2025, was Rs. 39.70 Lakhs

?‚? Net Profit: Net Loss for the year ended March 31, 2025, was Rs. 185.35 Lakhs

?‚? Analysis of Balance Sheet:

?‚? Networth: Networth of the Company for year ended March 31, 2025, stood at Rs. 1181.64 Lakhs.

?‚? Long Term Loans & Borrowings: Long-term borrowings for year ended March 31, 2025, stood at Rs.117.95 Lakhs.

?‚? Total Non-Current Asset: Total Non-Current Assets of the Company for year ended March 31, 2025, was Rs. 763.85 Lakhs.

?‚? Inventories: There was no Inventories for year ended March 31, 2025.

?‚? Trade Receivables: Trade Receivable for the year ended March 31, 2025, was Rs. 34.04 Lakhs. Out of the said Trade Receivable Rs. 25.62 Lakhs pertains to the discontinuing operations and the management is confident to realise the same during the on-going financial year.

?‚? Short Term Loans & Advances: Short Term Loans & Advances for the year ended March 31, 2025, was Rs. 104.38 Lakhs.

?‚? Other Current Assets: Other Current Assets for the year ended March 31, 2025, was Rs. 415.49 Lakhs.

?‚? Environment and Safety:

The need for environmentally clean and safe operations is the Companys key priority. The Company policy requires the conduct of all operations in such a manner so as to ensure the safety of all concerned, compliance of statutory requirements for environment protection and conservation of natural resources to the extent possible.

?‚? Internal Control Systems:

The Company has in place an adequate system of internal control commensurate with its size and nature of its business. These have been designed to provide reasonable assurance that all assets are safe guarded and protected against loss from unauthorized use or disposition and that all transactions are authorized, recorded, and reported correctly and the business operations are conducted as per the prescribed policies and procedures of the Company. The Audit committee and the management have reviewed the adequacy of the internal control systems and suitable steps are taken to improve the same.

?‚? Material Developments in Human Resources:

The Company firmly believes that its human resources are the key enablers for the growth of the Company and important assets. Hence, the success of the Company is closely aligned to the goals of the human resources of the Company. Taking this into this account, the Company continued to invest in developing its human capital and establishing its brand on the market to attract and retain the best talent.

?‚? Discussion on Financial Performance with respect to Operational Performance:

Statements in the management discussion and analysis describing the Companys objectives, projections, estimates, expectations may be "forward-looking statement" within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include among others, economic conditions affecting demand/supply and price conditions in the domestic markets in which the Company operates, changes in the Government Regulations, tax laws and other statutes and incidental factors.

?‚? Disclaimer Statement:

The discussion contains forward-looking statements and reflects our current views with respect to future events and financial performance. Actual results may differ materially from those anticipated in these forward-looking statements. No representation is made on the accuracy and comprehensiveness through the same is based on sources believed to be reliable. Utmost care has been taken to ensure that the opinions expressed by us herein contain our view on the significant events having impact on the Companys operations, but it is not exhaustive.