Suggestions
Atul Mohan
GTM Leader | Cornell MBA
Atul Mohan is currently the Head of Sales at Skydo, a position he holds while based in Bengaluru, Karnataka, India. He has a diverse background in sales and business development, with experience in various sectors including technology and education. Prior to joining Skydo, he worked with companies such as StudyPal.co and Waygum, where he contributed significantly to their sales strategies and growth initiatives.2
His educational credentials include a degree in Electrical, Electronics & Communication from the Indian Institute of Technology, Madras, and a Post Graduate Diploma in International Business Strategy from the Indian Institute of Foreign Trade.1 Atul's expertise spans across multiple domains, making him a well-rounded professional in the tech industry.
Additionally, Atul Mohan is active on LinkedIn, where he shares insights related to his work and industry trends under the username @atulmohans.1
Highlights
I lost Rs. 3,00,000!
Almost 3 years ago, I began my journey with a U.S. based startup as their head of growth overseeing the India and MENA markets, transitioning into a remote role. Everything seemed perfect, except for one major issue: I had no idea how to get my salary from the US to India. I was clueless.
The semantics involved, whether there was any compliance issue, taxation etc.. My CA hinted at a slightly more complex tax scenario but suggested using 44ada for potential tax benefits, a silver lining amidst my confusion. Yet, the nuances of advance tax remained a puzzle I took two years to solve.
When it came to receiving payments, my efforts were minimal. The company employed various methods, initially Veem, then Bill.com. My only task was to send an invoice by the 25th and notify the finance team. Typically, my payment would arrive by the 31st, though occasionally it stretched into the next month.
But here's where I got hit: the exchange rate. I noticed I was losing money on the conversion, about 2 to 3 rupees per dollar. And to top it off, I was supposed to get this document called FIRA for my taxes, which I never did.
It hit me last year. I did the math and realised while the real forex rate was around 83, my salary had been converted at 78. Over two years, that meant I had lost over Rs. 3,00,000. If I'm being honest, it could have been so much more, but let’s just say it’s 3 lakhs to keep it less painful.
And now I know all of this because I started working at Skydo last year; before that, I had no idea it was such a big issue. And I am confident that I am not alone in experiencing this. Many freelancers and businesses lose hard-earned money due to forex fees. The worst part? They're not even aware of it.
So I lost my money, but you don’t have to. Try Skydo,
➡️Instant international bank accounts ➡️Zero markup on forex rates; you get exactly what the rate is, no less. ➡️A single, transparent fee for the transaction ➡️Immediate issuance of FIRA for those who need it ➡️A free dashboard for invoicing and keeping track of your money
Realizing what I could have saved with Skydo was a revelation. It’s not just about saving money, though. It’s about simplifying the whole process, making it transparent and hassle-free.
Link in comments
