Company Background Check

Ever changing business dynamics have led to a number of global success stories owing to mergers and acquisitions.  Venture Capitalists & Investment banks from across the world have been eyeing India’s pool of talent & establishments in their pursuit of profit maximization, growth and expansion. A number of multinational banks, who were totally unheard of in this part of the world, have forayed into Indian market as they sense very high potential in our economy. Nobody wants to miss out on the benefits arising out of world’s second fastest growing economy with a stable GDP. India is also a major hub for software companies and IT Professionals, which makes it an obvious choice for multinational companies.  A simple SWOT analysis helps us zero in on the “not so simple” problem:

·         Has VC firm practiced due diligence while choosing the target company?

·         Are there any public complaints/ law suits filed against the target company?

·         Who are the promoters of this company and how about their personal/ professional track record?

·         What is the tax liability of this company and is the paper work, etc being presented authentic?

A foreign investor may try to play safe by scanning relevant documents/ paper work/ licences provided by Target Company and running through “not so updated” government managed websites but the chances of exposure to possible fraud are quiet serious.

Hence, the practices mentioned in above paragraph are just not good enough and it is imperative that a professional investigating company is involved to look after relevant formalities.

Tattv Consulting, with the help of its dedicated legal cell, ensures that a Funding company/ Venture Capitalist can concentrate on business opportunities than fraud possibilities.

Our legal panel is being looked after by a young seasoned advocate with more than a decade of experience in handling company litigations.

Also Read: KPMG India Fraud Survey Report (2008)