Making It Simple To Create Wealth
From being a software engineer in Silicon Valley to helming ClearTax, Founder and CEO Archit Gupta has spearheaded a massive paradigm shift in the fintech sector through the use of technology.
After graduating in 2008 in Computer Science from the University of Wisconsin-Madison, he began working at a California-based IT company, Data Domain, as a software engineer. Inspired by Silicon Valley’s startup environment, and having seen people solve problems through tech, Gupta realised that he could do the same in his country as an entrepreneur – a decision that made him leave his high-paying job and return to India.
Given how cumbersome it was to file tax returns in India, he began developing his idea for an online income tax filing system that simplified the tax filing process for consumers. In 2011, he cofounded ClearTax, a company offering online e-filing and taxation solutions for individuals, businesses, chartered accountants, and tax professionals.
At an early stage, ClearTax was chosen by Y Combinator for its first Indiafocused investment, marking a major milestone for Gupta and his team. It also was successful in securing investment from PayPal co-founder Max Levchin and San Francisco-based venture capital firm Founders Fund.
Simplifying Finances
ClearTax’s mission is to simplify finances, save money and time for millions of Indian businesses and people. It is a technology company that builds trusted, useful and insightful platforms for clients to run their finances and improve their relationship with money.
The company has partnered with large businesses and their entire vendor-distributor network with a powerful fully intergrated e-invoicing, GST, e-Waybill and vendor stack. With 99.99 per cent uptime and scale that supports upload of upto 1 GB data in few seconds, the platform is trusted by some of India’s largest Fortune 500 companies.
Gupta’s vision for ClearTax is to establish it as the go-to tax solution for every Indian. He aims to achieve this by building an extensive product catalogue to include every tax and finance-related solution that anyone can ask for. He also believes that his idea ould not have been achieved without an extremely capable team backing the vision.
The platform has simplified wealth creation and savings for young Indians and aims to revolutionise the idea of self-filing with a click of the button. As taxes, investment and personal finance go hand in hand, the company is powering the financial growth and saving time and money for its customers.
