Finally I ended with the below formula 
In B2 cell
Formula:
=IF(ISERROR(MATCH(TRUE,EXACT(MID(UPPER(MID($A2,2,FIND(" ",MID($A2,2,255))-1)),ROW(INDIRECT("1:"&LEN(MID($A2,2,FIND(" ",MID($A2,2,255))-1)))),1),MID(MID($A2,2,FIND(" ",MID($A2,2,255))-1),ROW(INDIRECT("1:"&LEN(MID($A2,2,FIND(" ",MID($A2,2,255))-1)))),1)),0)),IF(ISERROR(LEFT($A2,FIND(" ",$A2)-1)),$A2,LEFT($A2,FIND(" ",$A2)-1)),LEFT($A2,MATCH(TRUE,EXACT(MID(UPPER(MID($A2,2,FIND(" ",MID($A2,2,255))-1)),ROW(INDIRECT("1:"&LEN(MID($A2,2,FIND(" ",MID($A2,2,255))-1)))),1),MID(MID($A2,2,FIND(" ",MID($A2,2,255))-1),ROW(INDIRECT("1:"&LEN(MID($A2,2,FIND(" ",MID($A2,2,255))-1)))),1)),0)))
In C2 cell
Formula:
=IFERROR(MID(MID($A2,2,255),MATCH(TRUE,EXACT(MID(UPPER(MID($A2,2,FIND(" ",MID($A2,2,255))-1)),ROW(INDIRECT("1:"&LEN(MID($A2,2,FIND(" ",MID($A2,2,255))-1)))),1),MID(MID($A2,2,FIND(" ",MID($A2,2,255))-1),ROW(INDIRECT("1:"&LEN(MID($A2,2,FIND(" ",MID($A2,2,255))-1)))),1)),0),FIND(" ",MID(A2,2,255))-MATCH(TRUE,EXACT(MID(UPPER(MID($A2,2,FIND(" ",MID($A2,2,255))-1)),ROW(INDIRECT("1:"&LEN(MID($A2,2,FIND(" ",MID($A2,2,255))-1)))),1),MID(MID($A2,2,FIND(" ",MID($A2,2,255))-1),ROW(INDIRECT("1:"&LEN(MID($A2,2,FIND(" ",MID($A2,2,255))-1)))),1)),0)),"")
Refer the attached file for details!
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