Pioneers in equity research- QAPL, use ADP’s services
for Payroll for their fast growing business

Company profile

Quantum Advisors Private Limited ("Quantum Advisors"/ "QAS") was originally incorporated in the name of Quantum Financial Services Private Limited in the year 1990, and later changed its name, in 1998, to Quantum Advisors Pvt. Ltd. It was established by Mr. Ajit Dayal (Ajit) as India's first equity research house.

Quantum Advisors pioneered a quantitative as well as qualitative analytical approach to equity investing in India, providing for the first time, consistently applied valuation metrics to evaluate investment opportunities in India's emerging stock markets.They pioneered a quantitative as well as qualitative analytical approach to equity investing in India, providing for the first time, consistently applied valuation metrics to evaluate investment opportunities in India's emerging stock markets. Over the years, Quantum Advisors has continued to enhance its tradition of extensive financial analysis and value investing, and has evolved into an investment advisor and asset manager.

Furthermore, Quantum Advisors has acted as an independent advisor and local partner in India for many well-known institutions. It has been a SEBI registered portfolio manager since 1997, and has been registered with the SEC in the USA as an investment advisor since May, 2009.


 

The payroll problem

CA Tehsin Lakkadghat, VP Accounts and Finance, has been with the group for more than 7 years and has seen the group grow from a few members to a 160+ strong team. Initially, payroll was managed manually and in-house using spreadsheets by the finance team. However, as the organization grew, it became increasingly difficult for Ms. Tehsin and her team to manage payroll in-house.

Hence, they decided to partner with ADP, as it has a global reputation in the payroll industry. They set their expectations very clearly from the beginning.

 

ADP had to:


  1. Handle end-to-end payroll with accurate and on-time delivery of payment.
  2. Take care of all the TDS and year-end formalities like Form 16 and other associated compliances.
  3. Provide a 'dedicated account manager' and support team to assist in case of issues.

Payroll was never a problem when we had about 70 employees. However, when the strength increased to 160+, processing payroll became increasingly difficult to manage in-house. The number of man-hours spent on it was too much. The top management decided that it was the right time to outsource payroll.

CA Tehsin Lakkadghat
VP Accounts and Finance
Quantum Advisors

ADP's solution

The implementation process was smooth and efficient and there were no hassles in the initial test run as well. Once the implementation phase was in the rear view, a dedicated account manager and a contact center team were provided to ensure swift response and a better support experience.


Value benefits

Following the implementation phase, Tehsin and her team started observing the following changes in their payroll process:


  1. Pay slips were on-time with proper adherence to local legislative norms.
  2. No hassles during year-end tax filings.
  3. Man-hours spent on payroll were now utilized for productive issues.
 

The relationship with ADP has been excellent. ADP has taken care of my company's end-to-end payroll. Their account management team and support team are very responsive. I see them as my own employees at the other end of the home. I will definitely recommend ADP for their payroll services. Looking forward for a continued relationship.

CA Tehsin Lakkadghat
VP Accounts and Finance
Quantum Advisors