Our journey began in June 2010, when we wanted to build an information infrastructure for India's municipal bond markets. To begin with, we launched our website Public Finance India, which gave links to state government and municipal financial statements. At that time, even accessing a municipal report was a challenge. We found that the documents were not always available on the linked pages; so we built a repository with the reports and budgets in 2013. Our library (www.munify.in/library) houses over 4700 documents and has over 2000 registered users.
We moved to the next level of converting documents into excel spreadsheets. We participated in an Open data program in 2015, and supplied municipal datasets to Open Budgets India. While it was more readable than the financial document, we believed that the excel spreadsheets of data were of limited use; it was difficult to compare munis by holding up the excel sheets.
We looked for a way to design a database that would allow for query, comparison and analytics. This was challenging as Municipal Budgets and Accounts are different in format. Municipal Budgets are published in the local language in most parts of the country. So the challenges were considerable; to have them in a common language (English) and normalise them to make the data comparable
We built a proof of concept (yes, a software that can query and compare is possible) and received validation when we were selected for the first cohort of Women Entrepreneurs Hub, Hyderabad. Our product prototype of a national municipal database won the USIBC Start up Pitch competition 2018. We wrote the taxonomy for the database by aligning various municipal budget codes with the state municipal accounting manual and from there with the National Municipal Accounting Manual. We built a separate track for the Municipal Accounts. We built contextual data for the Financial Analysis- such as economic data, projects, property tax and service level data as sub-modules. We have also built a municipal bond module. We now present Munify- a municipal database that will help you search, query, analyse and visualise.
Access it with a subscription.
Thank you
K. Subalakshmi (Lakshmi) is a senior finance and credit professional. She spent the bulk of her career with CRISIL, India's leading credit rating agency and a Standard and Poor's company. She held various responsibilities in CRISIL including the role of Head-Public Finance and Infrastructure Ratings. She is a member of the Chartered Accountants of India and Cost and Works Accountants of India. Lakshmi founded Munify Datatech in 2021 and has steered the company since inception.
Prasad Mangipudi is a marketing professional and has a post graduate diploma in business administration from the Indian Institute of Management-Ahmedabad. In a marketing career spanning 24 years, he has worked with organisations like Lintas, Sterling Holiday Resorts, Bates Gulf, Lifecell, Aurobindo Pharma and Mylan Labs. Prasad is a sports entrepreneur and a director in Sportzlive Entertainment. Prasad oversees the marketing function in Munify.
Uttara Raghunathan heads Munify Datatech's operations. Uttara has extensive experience in the software industry where she played the role of Functional Consultant for Financial Applications. Uttara has worked in Ramco Systems and California Software. Uttara is a member of the Institute of Chartered Accountants of India.
Srinivasa Gopal is the Tech Head of Munify Datatech. Gopal is a senior IT professional, highly proficient in Databases/Visual Basic for Applications/MYSQL/SIEBEL/Oracle/Informix. Has worked in Infosys/Unisys corporation/ LandMark Gulf and GAVS Info Services. He is the Founder Director of AnuDivi Software Engineering Services, a software company that develops custom-built software for several verticals. He holds a B.Tech in Mech Engg from the Indian Institute of Technology, Madras and an MS in Industrial Systems Engineering from the University of Regina, Saskatchewan, Canada, and an MS in Information Technology from IIIT-Bangalore.
SUBSCRIPTION LEVEL
| Free | Limited | Standard | Enterprise | |
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| Library | 5 Documents View/Download a month |  |
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| Dashboard module | |
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| Bonds module |  |
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| Financial module | |
Subscribed States | |
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| Ranking module | |
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| Service module | |
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| Property tax Module | |
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| Project module | |
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| Economic module | |
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| Number of Users | 1 | 1 | 2 | 5 |
| Support Mode | Email Only | Email & Phone | Email & Phone | Email & Phone |
| Response Time | 2 working days | 8 Hours during working hours | 8 Hours during working hours | 4 Hours during working hours |
| Price | Free | Rs. 2,500 Per Quarter Additional States at Rs 500 per Quarter | Rs. 20,000 per year | Rs. 45,000 per year |