Tata Motors received tax demand of around Rs 25 crore

According to the company, contractors and subcontractors can use this platform to plan faster and start work without delay. Additionally, once registered on Mytek’s Contactor app, contractors can apply for working capital financing to execute their projects. “Today, delays and budget overruns are common in infrastructure projects. MyTech’s platform will be a powerful tool for contractors and subcontractors across the country that helps contractors save costs and deliver projects on time. We are using the latest technologies to not only revolutionize project planning but also democratize it,” said Shivkumar Borade, Founder and Chief Managing Director, Mitek Innovations.

During execution, contractors can easily compare sales costs and actual costs incurred for each activity as well as the overall project. This will help in tracking expenses in real time and improving resource utilization, the company said in a release. The company also said that its platform is free and requires minimal knowledge of project planning tools. This empowers contractors and subcontractors to create project plans for free with no prior knowledge of project planning, thereby promoting entrepreneurship. Its user-friendly interface makes it easy for contractors, especially in semi-urban and rural areas, to use the tool, the company said.