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admin Posted On | April 18, 2023

Team Figment wins big at the TIOL Awards

Figment was adjudged the ‘Best Tax Technology Service Provider’ at the prestigious TIOL platform and was recognized for its’ innovative tax solutions.

Taxindiaonline.com (TIOL), established in May 2000, is one of India’s prominent online media platforms, providing business-critical information, analyses, expert viewpoints, editorials, and related news on developments in fiscal, foreign trade, and monetary policy domains. It enjoys continued patronage from various sectors which includes – multinational and domestic corporations; service providers such as lawyers, consultants, and accounting firms; Governmental ministries and departments; officials connected to revenue, taxation, and commerce; and a growing number of foreign users who are active or keen to do business with India.

To motivate, encourage, and acknowledge the contribution of compliant taxpayers, tax technology service providers and related stakeholders, TIOL started ‘National Taxation Awards’ in the year 2020. Since then, it has been an annual affair and the awards have been graced by eminent personalities in the taxation, finance, fintech and related sectors from all over the world. Leading industrialists, politicians across state and central governments have been a part of this TIOL platform. The TIOL Awards is an elaborative event which consists of awards under various categories and the National Tax Congress session, which is highly regarded and involves brainstorming sessions by the eminent dignitaries on various taxation and finance-related topics.

Figment Global Solutions Private Limited, the leading tech-enabled end-to-end tax compliance solutions provider to leading banks, PSUs, and corporates across India, won the Gold Award under the ‘Best Tax Technology Service Provider’ category at the TIOL National Taxation Awards 2022. The leading conglomerates, taxation companies and startups had been nominated but inspite of the tough competition, Figment had won the award due to the tremendous support in the form of votes it received from all the valuable stakeholders.

The award reconfirmed Figment’s commitment towards exceptional customer service and delivering innovative solutions in the tax compliance segment time and again. With over a decade of experience in the taxation sector delivering tech-enabled TDS, GST, ITMS and the innovative API-powered identity verification solutions; to processing more than 50% of the total TDS transactions processed annually across India – Figment is today one of the leading tax compliance companies in India.

Figment’s team members have extensive knowledge and experience in the taxation sector and remains up to date on the latest tax laws and regulations. This has greatly helped to serve the clients to the best in terms of providing accurate and timely solutions to clients, which has helped them navigate the complex world of taxation with ease.

The TIOL Award is a result of the combined efforts of the team, and they are the true pillars of the success of Figment.

Coming to the awards, the event was held at the spectacular Taj Palace, New Delhi on November 8, 2022. Dr. Manmohan Singh, former Prime Minister of India, was conferred the TIOL Fiscal Heritage Award 2022 for the invaluable contribution towards revitalizing the Indian economy. Respected dignitaries who graced this occasion were Hon’ble Minister for Road Transport and Highways, Government of India – Mr. Nitin Gadkari, Hon’ble Member of Lok Sabha – Dr. Shashi Tharoor, Hon’ble Member of Rajya Sabha and former Deputy Chief Minister of Bihar – Mr. Sushil Modi, Chairman of 15th Finance Commission – Mr. N.K. Singh, Hon’ble Finance Minister of Tamil Nadu – Mr. P. Thiaga Rajan, Former Judge of Supreme Court of India – Justice A K Patnaik, Hon’ble Deputy Chief Minister of Haryana – Mr. Dushyant Chautala, Chief Economics Commentator – Mr. Martin Wolf, Former US Secretary of Treasury – Mr. Larry Summers, US Congressman – Mr. Raja Krishnamoorthi; and esteemed guests from various sectors and regions. All the dignitaries presented their views about the great contribution of Dr. Manmohan Singh towards the growth of Indian economy.

On behalf of Team Figment, its’ directors – Mr. Kailash Golechha and CA Himanshu Chordia collected the award. On this momentous occasion, Mr. Kailash Golechha expressed his views – “TIOL is one of the leading and informative online tax domain platforms in India. The TIOL Awards since its’ inception has set a benchmark and with every passing year, it is getting better. The team, event management and the presence of esteemed dignitaries – all together make the TIOL Awards truly special, and an event eagerly looked forward to by all. Our company – Figment Global Solutions Pvt. Ltd. receiving an award at this great platform is indeed special and is a testament to the hard work and dedication put in by the team, who have strived to provide exceptional services to our clients – time and again. This award is dedicated to our team, clients and all associated stakeholders; because of whom we are here and collecting the award. This award will motivate us even more to provide excellent services and to fulfil the tax goals of our clients. Figment is already serving more than 200 clients across various sectors and across India. Not only that, but Figment is also the leading tax compliance company in India when it comes to Annual TDS Transactions Processing Capability. Our next step is to ease the taxation difficulties of the state governments through ITMS, and we are proposing the concept of ‘One State-One Return’, which will bring efficiency and transparency to state’s tax system through one dedicated tech-enabled system. Lastly, a big thank you to the TIOL team for this great event and award. The team led by Shailendra ji has done a fabulous work in making this event a success.”

While expressing his joy on Figment being awarded the ‘Best Tax Technology Service Provider, CA Himanshu Chordia added that “The award that we have won today is a reflection of our dream with which we started Figment a decade ago. Our vision is to ease the taxation difficulties of businesses through the blend of expert finance and innovative solutions. I can proudly say this award reaffirms our commitment to the vision, but there are lot more to achieve. Although Kailash and I are here on this memorable occasion, but my fellow directors and more of friends – CA Harsh Mehadia, CA Sapan Jain and Niraj Kotecha have equal share for this achievement. They have shared the same vision and passion and are equally zealous when it comes to the growth of Figment and serving people to the best of our abilities. Our amazing team at Figment has been the major pillar of our success and I owe this award to the team. What started off as a team of 3 is now a team of more than 200 members, what started with a single product is now a bouquet of more than 15 products, and this isn’t all. There have been many milestones that Figment has crossed in its’ journey and definitely intends to do more. I thank TIOL team for this award and the fantastic experience that this has been, interacting with the experts and dignified personalities from the various fields. We will truly cherish this moment and we will definitely come back, because there is more to learn, interact and grow with each other. Thank you to all the dignitaries present here.”

The TIOL Awards gave a great platform for Team Figment to interact with the esteemed dignitaries and all of them appreciated the tech-enabled end-to-end tax compliance services that Figment caters to businesses across India. While interacting with the various officials and ministers from the state governments, they appreciated the ‘One State One Return’ concept and expressed keen interest in taking this proposal to their states and implementing it. The TIOL Awards is indeed a significant achievement for Figment and reinforces our position as a leading tax service provider in India. The company’s commitment to excellence, expertise, and innovation has been recognized, and we are sure to continue to provide outstanding service to our clients in the future also.