In Conversation with… Nishant Sharma, CEO, OneGST bymunshiG.
Please mention your name *
The name of your company *
OneGST by munshiG
Could you please describe your professional background *
I come from an engineering background. I was lucky to go to one of the finest universities in the country, BITS Pilani, where I got to meet a wide variety of people from different parts of the country. Having the option to skip lectures, I always found a group of friends to work on various ideas that were mostly around education back in the day. I gravitated towards building scalable solutions as time rolled by, and by the time I graduated, we were working on a Global Xprize Challenge on Education. We didn’t make it to the winners, but the learnings stayed. A year later, I found a new interest in developing applications. And one idea after the other led to the inception of munshiG.
Please provide us a brief description of your company. *
OneGST is a by-product of years of market research, product development, and the experience of a team at munshiverse. It is a stepping stone towards our grander vision of the financial wellbeing of individuals across the planet. munshiG has been around for quite some time. In our journey thus far, we’ve been incubated and supported by many initiatives and organizations, the most notable ones being- Startup Oasis, Government of Rajasthan, and IIM-A CIIE’s Bharat Inclusion Initiative. With OneGST, we are bringing 21st-century accounting to SMEs across the country. We have a small dedicated team working tirelessly towards coming up with the best solutions to assist small businesses.
Where could you see your company in 5 years? *
To infinity and beyond! Just kidding, I would love to be touching a billion people directly or indirectly with our innovations that would help them with their financial journey on this pale blue dot.
How did you come up with this idea? *
The story begins with ManiLal Ji, a retired engineer in the neighbourhood who ran a Kirana Shop in his leisure time. ManiLal Ji was a great host as a shopkeeper. But there was always that ‘one last thing’ that went out of stock. And for that, I had to go to the next shop. Upon my return from college, I went to buy groceries from him and the story from childhood repeated. But this time, I had an idea. How about we give ManiLal Ji, a virtual assistant, who’d help him keep a track of his inventory. The idea stretched and squeezed and changed its form to what it is today. But in a nutshell, that was the start.
Any piece of advice for young entrepreneurs *
I’d quote Charles Bukowski here, “If you’re going to try, go all the way. Otherwise, don’t even start.” Starting up is often easy, but that is merely the first step in a long journey ahead.
The ultimate goal of your company *
We envision a world where the financial well-being of individuals is taken care of and we believe that it would require at least one friendly financial advisor or munshiG for everyone, which is only practically possible with technology. On the road to that vision, we are first making accounting super effortless.
What are the strengths of your company? *
We envision a world where the financial well-being of individuals is taken care of. And we believe that it would require at least one friendly financial advisor or munshiG for everyone. Which is only practically possible with technology. On the road to that vision, we are first making accounting super effortless.
How is your company tackling the pandemic situation? *
Pandemic has been tough on us, especially the first six months. As billions of people across the globe, we were accustomed to working in a physical office environment. Post the lockdown, we tried a handful of tools, restructured our workflows, did several activities to keep up the morale of our team. A couple of our teammates could not get acclimatized, and we supported them as long as we could while they found new opportunities. Tools like Discord and Notion have been a real help for the rest of us. We refined our systems one step at a time such that work from home is being more fruitful for us collectively.