WM CONSULTANCY SERVICES LTD

What WM CONSULTANCY SERVICES LTD does

WM Consultancy Services Ltd is a private, founder-owned tax, accounting, and financial services consultancy based in Jowai, Meghalaya, India, founded in 2019 by Mr. Marjanki Ferrando Hadem (MBA – Finance & Marketing) and Smt. Wankaru Ksih (M.Com). The firm provides GST registration and return filing, income tax return preparation and notice handling, company and license registration (Private Limited, LLP, trademark, UDYAM, TAN, IEC), monthly bookkeeping and financial statement preparation, EPF/ESI compliance, Digital Signature Certificates, and loan assistance. It also operates as an AMFI-registered mutual fund distributor offering SIP, SWP, and lumpsum investments, and places motor and health insurance, earning a mix of professional service fees and affiliate/trail commissions. Customers are predominantly individuals, salaried professionals, self-employed persons, micro/small businesses, and MSMEs in Tier 2/3 cities of North East India, particularly across Meghalaya.

The firm operates from three physical offices — Jowai (HQ), Khliehriat, and Amlarem — with services delivered primarily through in-person consultations, phone, and WhatsApp. Its technology layer consists of a web platform hosting free interactive calculators (GST with CGST/SGST/IGST breakdown and penalty estimation, Income Tax comparing Old and New regimes, SIP/Mutual Fund with year-by-year projections) used as lead-generation tools, and a self-service client portal hosted at prractive.link for existing client tracking. The platform is deterministic and rule-based rather than AI-driven, with no proprietary ML, data assets, or third-party AI integrations disclosed.

Commercially, WM Consultancy runs a direct-to-consumer, sales-led model targeting underserved North East India markets with a hybrid segmentation across SMBs, individuals, and startups. Pricing is mostly quote-based per engagement, with the exception of publicly disclosed Digital Signature Certificate pricing (₹1,500-4,500 depending on 1-3 year validity) and SIP entry points from ₹500/month. The firm is bootstrapped with no disclosed venture or institutional funding, parent entity, or acquisitions, and operates with 1-10 employees serving an accumulated base of approximately 1,600 clients.

Name

WM CONSULTANCY SERVICES LTD

Legal name

WM Consultancy Services

Website

https://wmconsultancy.in

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

WM Consultancy Services Ltd is a bootstrapped tax, GST, accounting, and financial services firm in Meghalaya, India, serving individuals, small businesses, and MSMEs across North East India via three branch offices and a web platform with free calculators.

Ownership category

akta.pro rank

Product category

Tax & Financial Consultancy Services

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI)

akta.pro secondary industry

Financial Planning & Analysis Support (Budgeting, Forecasting, Management Reporting) (BPAAAGAJ)

Keywords

• Tax consultancy services
• GST compliance services
• Income tax filing
• Mutual fund distribution
• Business registration services

Headquarters

HQ city

Jowai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Professional Services - Tax & Compliance: Fees for GST registration, filing, and compliance services; Income tax return filing and planning; TDS compliance; Tax notice handling and appeals.
2. Business Registration & Licensing: Fees for company registration (Private Limited, LLP), trademark registration, UDYAM registration, TAN registration, Import Export Code (IEC) registration.
3. Accounting & Bookkeeping: Monthly bookkeeping services, financial statement preparation, MIS reporting, and compliance calendars.
4. Insurance Services: Commissions from motor insurance and health insurance product sales.
5. Mutual Fund Distribution: AMFI-registered mutual fund distributor earning commissions on SIP, SWP, and lumpsum investments. As an AMFI-registered distributor, the firm earns trail commissions on mutual fund sales.
6. Digital Signature Certificates: Fees for DSC application assistance for individuals and non-individual entities with various validity periods.
7. Loan Services: Assistance with secured personal loans and GST turnover-based loans, potentially earning referral fees from financial institutions.
8. EPF & ESI Filing: Fees for PF return filing and ESI return filing services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

WM Consultancy Services is a tax, GST, and financial consultancy firm based in Meghalaya, India, offering professional compliance, registration, accounting, and financial advisory services to individuals, small businesses, and MSMEs. The core service portfolio includes GST registration and return filing, income tax return preparation, company and business registration, monthly bookkeeping and financial statement preparation, digital signature certificates, mutual fund distribution, insurance placement, loan assistance, and EPF/ESI compliance. The firm operates from three physical offices across Meghalaya and complements its services with free online calculators for lead generation.

Product overview

WM Consultancy Services is a tax, GST, and financial consultancy firm based in Meghalaya, India, offering a comprehensive suite of professional services for individuals, shops, and MSMEs. The portfolio centers on core compliance services including GST registration and filing, income tax return preparation, company registration, bookkeeping, and financial statement preparation. Additional offerings include mutual fund investment advisory (as an AMFI-registered distributor), insurance services, loan assistance, EPF/ESI compliance, digital signature certificates, and business license registrations. The firm provides free online calculators for GST, income tax, and mutual fund planning. The service architecture is organized as individual practice areas rather than a unified software platform, with operations across three branch offices in Jowai, Khliehriat, and Amlarem serving clients across North East India.

Differentiator

Problem solved

Functional benefit

Products and services

• GST Services Comprehensive GST compliance services including registration, return filing, cancellation, notice handling, appeals, revocation, and e-way bill generation for businesses across India.
• Income Tax Services Income tax return filing, notice work, TDS exemption certificates, and 12A/80G registration services for charitable organizations and trusts.
• Company Registration Services Business registration services including Private Limited company, LLP formation, trademark registration, and ongoing compliance management.
• Bookkeeping & Financial Statements Professional accounting services including monthly bookkeeping, financial statement preparation, MIS reports, and compliance calendars.
• Digital Signature Certificate (DSC) Digital Signature Certificate services for individuals and non-individual entities with 1, 2, or 3-year validity options for e-filing and document signing.
• Mutual Fund Investment Services AMFI-registered mutual fund distribution offering SIP, SWP, and lumpsum investment options across equity, debt, hybrid, and ELSS funds.
• Insurance Services Motor and health insurance placement services with coverage for cars, two-wheelers, commercial vehicles, and family health plans.
• Loan Services Business and personal loan assistance including secured personal loans, GST turnover-based loans, and credit score improvement services.
• EPF & ESI Services Employee provident fund and employee state insurance return filing services including new registration, monthly contributions, and annual returns.
• License Registration Services Various license registrations including TAN registration, UDYAM/MSME registration, and Import Export Code (IEC) for international trade.

Quantifiable outcome

• 1,600+ satisfied clients served since 2019
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• IndiaFilings: Online business services platform for company registration, GST, income tax, and compliance targeted at Indian SMEs and startups. Direct competitor in registration and compliance services, serving a similar SMB/MSME customer segment.
• ClearTax: India's largest online tax filing and GST compliance platform serving individuals and businesses with self-serve and assisted ITR/GST services. Directly competes with WM Consultancy's core tax filing and GST registration offerings, though at national scale and digital-first.
• Tax2Win: Online income tax return filing platform serving individual taxpayers and salaried professionals across India. Direct competitor to WM's ITR filing and tax planning offerings, though focused purely on individual tax rather than SME compliance.
• Vakilsearch: India-based legal, tax, and compliance services provider for individuals and businesses, offering company registration, GST, ITR filing, and trademark services. Closely comparable service portfolio and target customer base to WM Consultancy.
• MyITreturn: Online assisted income tax return filing service catering to individual and small business taxpayers in India. Comparable in targeting the same salaried and SME customer base for personal tax compliance.
• Quicko: Indian tax filing and investment platform offering ITR filing, GST compliance, and tax-saving investments (mutual funds). Direct peer given the overlapping tax compliance plus mutual fund distribution business model.

Emerging players

• LegalRaasta: Online platform offering company registration, GST, ITR, trademark, and other business compliance services in India. Comparable service mix to WM Consultancy though operating primarily through a digital self-serve model rather than physical offices.

Others

• NSDL e-Governance (Tax Information Network): Government-backed e-governance infrastructure provider for PAN, TAN, TDS, and tax compliance workflows in India. Ecosystem enabler rather than direct competitor, but represents an upstream dependency for WM's compliance filing services.

Broad incumbents

• Practo (for business compliance comparison): Larger Indian digital services platform primarily known for healthcare but increasingly serving SMEs with operational tools. Adjacent comparator for the regional SMB digital service distribution model.
• H&R Block India: Global tax preparation brand with India operations offering individual tax filing services. Broad incumbent in the same tax compliance category but serves primarily metro markets via digital channels, not Tier 2/3 cities.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/wmconsultancyservices

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WM CONSULTANCY SERVICES LTD