#setting up a subsidiary company in india

[rahul-darade]

A guide to choose the right destination for global expansion

Whether providing B2B services or exporting products, setting up a business or a shared service center or setting up a remote team in a different country for international growth is not easy. But if successful, the benefits go beyond just profitability and brand popularity. International expansion is the business strategy to achieve global success. Needless to say, with numerous growth opportunities across various sectors it is tempting for any SME, startup, or business enthusiast to dive straight toward building remote teams and growing their business footprint. 

Growing your business internationally offers various benefits to your company. Your remote teams at cross-border locations, function towards achieving company objectives and goals. This reduces the risk of relying on a single market for profitability. International expansion helps you tap the skilled and diverse workforce into a new competitive market. Also, strategically capturing international markets fosters collaboration with local businesses, and increases partnerships with local service providers such as Employer of Record (EOR) or Professional Employer Organizations (PEO). These service providers prove to be instrumental in simplifying your business expansion journey in the location of your business. 

Steps to selecting your target location for global success 

A step-by-step, strategic international business expansion process that considers the time, cost, and resource constraints can help you explore potential opportunities a new market can offer. The cultural aspects, operational capacity, market scenario, and legalities of the target countries need to be critically examined. It also helps you understand if your organization is ready to establish its teams in the new market.  

Through this article, we go beyond cultural differences, GDP growth, competition level, and communication and focus on all the important factors to consider while choosing your destination. These key factors will help you determine the best-suited destination for growing your business and making your international expansion successful. 

Availability of talent

When you start your search for the perfect destination for building remote teams, understand its talent pool and resources. A country may be particularly suitable due to its technology and infrastructure but may be short on skilled resources and expertise. 

A strategic approach toward recruiting and hiring remote employees can help you acquire a larger and more diverse talent pool. In addition, the location of your choice should suffice the needs of your remote employees to work efficiently. For instance, half of India’s current population is under the age of 26 and can seize global job opportunities. India offers numerous employee benefits and perks, diverse company culture, and flexible work schedules. 

Several policies, business initiatives, and competitive compensation packages are additional factors that make India a promising destination for expanding business and building remote teams. An in-house team of HR professionals in the country of choice can manage hiring and all other HR activities. Moreover, outsourcing human resources or bringing a professional in the house (for example PEO or EOR company) can provide guidance and a network for accessing talent in the desired location and handle all the complexities around hiring. 

Calculate the costs

At the offset, it is imperative to know that managing remote teams internationally, is like managing a startup in the global market. Hence, make sure you consider the cost factor while fixing an international location for your business expansion. Apart from operating costs in a foreign country, other monetary aspects to be considered include taxation for employees as well as corporations, production costs, government incentives, and other overhead social costs that affect remote operations. 

Research the legalities and estimate the monetary investments required for your business expansion. For instance, Ireland ranks number 11 on Forbes’s best countries for Business list. Ireland’s low corporate taxes, access to other European markets, and high-tech talent pools make it an interesting choice for business expansion. Prioritizing destination based on operational costs, prospective profitability and return on investment (ROI) can give a realistic image of the costs while taking your business into an international location.

The economic and political environment 

Growth opportunities in the world are vast. The economic and political environment of a country can help you decipher whether your business capacity aligns with the destination of your choice. Understand the country’s GDP, CPI, and exchange rates, market size. Ideally, a country with stable economic growth is suitable for building remote teams. 

The desired destination should encourage your business growth, and market reach, and should pose a little political risk. Forecasting business accessibility, market performance, and general regulatory changes can help you shortlist the most viable business destination for your remote teams. 

Go through the taxes and regulations

Before selecting your location for international expansion, research its local laws and regulations. Any foreign business has to pay regional and municipal taxes. The local regulations differ based on the type of services industry and even state and country. Research employment tax laws, income tax breaks, government regulations, grants, land discounts, and other financial benefits. Many countries offer economic and trade benefits in specific locations and zones. Mexico for example, offers free trade agreements with many countries including the US.

Evaluating IP protection permits, trade regulations and laws of a destination can help you determine how business-friendly a destination is for your services. Understanding these laws can mitigate any legal risks and help you determine the bests suitable destination for your remote teams. Going through all these regulations and tax affairs can be challenging at times. In such cases, speaking to trade experts or commissioner offices from desired destinations can help you gather data and analyze your best route to international business expansion.

Logistics and infrastructure

IT-related software and AI have become an integral part of any business and help to streamline online business operations. As per the latest forecast by Gartner, Inc., the worldwide IT expenditure is expected to reach a total of 4.6 trillion dollars in 2023, showing a 5.1% rise from the year 2022. This exponential growth of technology, digital Internet connectivity, and software availability is pushing various SMEs and startups toward global expansion. Hence, when taking your business to a foreign location, considering the country’s logistical capabilities, technological development, and infrastructure becomes essential. 

Does the destination of your choice have the resources to scale and enhance your business efficiently? Does it support the business vision of developing your remote teams? Is the country equipped to provide you with the high-end software and technology your business needs?  Not all destinations answer these queries and offer everything your business needs. 

The best solution is to find a destination offering all the resources and experience at a reasonable cost. For instance, a software company wishing to take its business overseas can prioritize Germany or Japan which have large software markets. Providing the necessary IT support and handling the back-office processes in a foreign location can be taxing. Consequently, reaching out to International PEO or EOR services to overcome these challenges becomes a strategic move.

Choose PEO or EOR services as your local expert

Expanding your business to a new destination is a milestone for any organization wishing to go global. Once you evaluate which country to target and how to manage your services, then business expansion in an international location proves to be fruitful. 

However, if you are unsure of moving forward alone, then approaching external support is a good idea. An external vendor can fill the gaps and mitigate potential risks. Also, PEO or EOR services can support you through all your legal hurdles, saving you time and investment in a foreign country. Moreover, you can test the new market by building remote teams in the desired location. Testing the business culture and analyzing the market reaction can help you develop an effective international business expansion strategy before making any permanent commitment such as subsidiary formation. 

Conclusion

Global expansion plays a pivotal role in creating brand awareness and enhancing your balance sheet by positively impacting the top and bottom lines. Expanding markets in new locations, helps you reach a larger consumer base by transcending geographical boundaries. At often times, going forward after choosing a destination an organization can face obstacles such as challenges of remote working, managing remote teams, providing technology and infrastructure support, and so on. In such cases, an experienced partner like EOR can streamline your business expansion journey.

Since the Employer of Record services already has a strong foothold in the destination of your choice, they can be your local business guide and take over all your non-core business responsibilities. An EOR with its network and customized solutions, will reduce your legal hurdles and significantly enhance your overall business experience. If building your subsidiary is the right step for your business, then an EOR can guide you in the process. With EOR services, you can hire internationally, manage remote teams and be compliant in the destination you choose for your global success. 

You can look at our case studies to gather insights on how EOR plays an important role when you think of building remote teams and expanding your business footprint in the destination of your choice. 

[angela3345]

Digital India and its UPI payment linkage with Singapore

[zcoordinate]

Setting up a BPO business in India offers significant advantages, including access to a vast talent pool, cost-effective operations, and world-class infrastructure. With the growing demand for outsourcing, India remains a prime destination for companies seeking efficient and scalable solutions. This guide provides insights into key aspects of launching a BPO, from regulatory compliance to hiring strategies. By leveraging India’s strong IT infrastructure and skilled workforce, businesses can maximize their operational efficiency while unlocking long-term growth opportunities in the global market.

[raaaweb]

CPA in India: Navigating Your Financial Future with Raaas

When it comes to managing finances, whether for a business or personal endeavors, the expertise of a Certified Public Accountant (CPA) can make a significant difference. In India, the demand for skilled CPAs is rising, and Raaas is at the forefront, providing exceptional CPA services tailored to meet diverse financial needs. Understanding the Role of a CPA A Certified Public Accountant (CPA) is a professional designation given to accountants who have passed the CPA exam and met additional state certification and experience requirements. CPAs are trusted financial advisors who help individuals, businesses, and other organizations plan and reach their financial goals. They offer a wide range of services, including: Tax Preparation and Planning: CPAs prepare tax returns and develop tax strategies to minimize liabilities. Auditing and Assurance: They conduct audits to ensure financial statements are accurate and comply with regulations. Financial Planning: CPAs provide advice on financial planning, including investments, estate planning, and retirement. Consulting Services: They offer expert advice on business strategies, financial decisions, and risk management. Why Choose a CPA in India by Raaas? Raaas is committed to delivering top-notch CPA services in India, tailored to meet the unique needs of clients. Here’s why Raaas stands out: Expertise and Experience: With a team of highly qualified CPAs, Raaas brings extensive experience in various industries. Their deep understanding of the Indian financial landscape ensures clients receive accurate and relevant advice. Personalized Services: Raaas believes in offering personalized services that cater to the specific needs of each client. Whether it’s a startup seeking financial guidance or an established business looking to optimize its tax strategy, Raaas provides customized solutions. Comprehensive Solutions: From tax preparation and planning to auditing and financial consulting, Raaas offers a full spectrum of CPA services under one roof. This comprehensive approach ensures all financial needs are addressed efficiently. Cutting-Edge Technology: Raaas leverages the latest technology and software to provide accurate and timely services. This tech-driven approach enhances efficiency and helps clients stay ahead in their financial planning. Client-Centric Approach: At Raaas, clients are at the heart of everything they do. Their commitment to building long-term relationships is reflected in their exceptional customer service and dedication to client satisfaction. The Benefits of Hiring a CPA in India Hiring a CPA offers numerous benefits, especially in a dynamic financial environment like India: Compliance with Regulations: CPAs ensure that all financial activities comply with the latest laws and regulations, reducing the risk of legal issues. Strategic Financial Planning: With expert advice, clients can make informed decisions that align with their long-term financial goals. Cost Savings: Effective tax planning and financial management can lead to significant cost savings for individuals and businesses. Risk Management: CPAs help identify and mitigate financial risks, ensuring the stability and growth of businesses. Get Started with Raaas Whether you are an individual looking to manage your personal finances or a business aiming to streamline your financial operations, Raaas offers the expertise and personalized service you need. Partner with Raaas to navigate the complexities of the financial world with confidence and achieve your financial goals. For more information on CPA services in India by Raaas, contact us today and discover how we can help you secure a prosperous financial future.

[rassociates1]

Setting Up Business in India by Foreign Companies | R Associates

R Associates facilitates the establishment of businesses in India for foreign companies, offering comprehensive support and guidance throughout the process. Their expert team navigates the legal and regulatory framework, assisting with company incorporation, compliance, taxation, and other essential aspects, ensuring a smooth and successful setup for international businesses.

[masllp]

Subsidiary Company Registration in India: A Comprehensive Guide by Masllp

Setting up a subsidiary company in India has become an increasingly attractive option for foreign businesses seeking to expand into one of the world's fastest-growing economies. Whether you're a multinational corporation or a small business looking to tap into the Indian market, registering a subsidiary company in India offers numerous benefits. In this guide, we'll explore the process, benefits, and key considerations for subsidiary company registration in India, with expert insights from Masllp. Why Register a Subsidiary Company in India? India's booming economy, large consumer base, and favorable business environment make it an ideal location for foreign businesses to establish a subsidiary. Here are some compelling reasons to consider subsidiary company registration in India:

Access to a Growing Market: India is one of the largest markets in the world, with a population exceeding 1.4 billion. This vast consumer base offers tremendous opportunities for growth and expansion.

Favorable Investment Policies: The Indian government has implemented several reforms to attract foreign direct investment (FDI). These policies provide various incentives, including tax benefits and easier regulatory procedures.

Limited Liability Protection: A subsidiary company in India operates as a separate legal entity, offering limited liability protection to the parent company. This means that the parent company's assets are protected in the event of any liabilities incurred by the subsidiary.

Operational Flexibility: A subsidiary in India can operate independently, allowing the parent company to maintain control while benefiting from local expertise and resources.

The Process of Subsidiary Company Registration in India The process of registering a subsidiary company in India involves several steps. While it may seem complex, partnering with experts like Masllp can streamline the process and ensure compliance with all legal requirements.

Choosing the Right Business Structure: The first step is to decide on the type of subsidiary company you wish to establish. The most common types are:

Private Limited Company: The most preferred structure for foreign businesses, offering limited liability and ease of management.

Public Limited Company: Suitable for larger businesses planning to raise capital through public offerings.

Branch Office: An extension of the parent company, suitable for companies looking to explore the market without establishing a separate legal entity.

Obtaining Digital Signatures (DSC) and Director Identification Numbers (DIN): The directors of the subsidiary must obtain DSC and DIN, which are essential for filing online documents with the Registrar of Companies (ROC).

Name Approval: The next step is to reserve a unique name for the subsidiary company. This is done by submitting an application to the Ministry of Corporate Affairs (MCA).

Drafting Memorandum of Association (MOA) and Articles of Association (AOA): These documents outline the objectives, rules, and regulations of the subsidiary company. They must be drafted and submitted along with the registration application.

Filing the Registration Application: The final step involves submitting the registration application to the ROC, along with the necessary documents and fees. Once approved, the ROC issues a Certificate of Incorporation, officially recognizing the subsidiary company.

Key Considerations for Subsidiary Company Registration in India Before proceeding with subsidiary company registration, there are a few critical factors to keep in mind:

Compliance Requirements: Subsidiary companies in India must adhere to various compliance requirements, including annual filings, tax obligations, and audits. Partnering with experts like Masllp ensures that your subsidiary remains compliant with all legal requirements.

Taxation: Understanding the tax implications of operating a subsidiary in India is crucial. Subsidiaries are subject to corporate tax, GST, and other local taxes. Masllp can provide guidance on tax planning and optimization strategies.

Local Partnerships: Establishing partnerships with local businesses or consultants can provide valuable insights into the Indian market and help navigate regulatory challenges.

Cultural and Language Differences: Understanding the cultural and linguistic nuances of the Indian market is essential for successful business operations. Investing in local talent and resources can bridge these gaps.

How Masllp Can Help with Subsidiary Company Registration in India Navigating the complex process of subsidiary company registration in India requires expertise and local knowledge. Masllp offers comprehensive services to guide foreign businesses through every step of the process, ensuring a smooth and hassle-free experience. Our services include:

Legal Consultation: Expert advice on choosing the right business structure and complying with Indian regulations.

Documentation and Filing: Assistance with drafting and submitting all necessary documents, including MOA, AOA, and registration applications.

Tax Planning: Guidance on optimizing your tax strategy to minimize liabilities and maximize profits.

Ongoing Compliance Support: Ensuring your subsidiary remains compliant with all legal requirements, including annual filings and audits.

Conclusion Registering a subsidiary company in India is a strategic move that can open doors to one of the most dynamic markets in the world. With the right guidance and support from Masllp, you can navigate the registration process with ease and set your business up for success in India. For more information or to start the process of subsidiary company registration in India, contact Masllp today. Our team of experts is here to help you every step of the way.

[brookspayroll]

International PEO Service Provider in India: Why BrooksPayroll is Your Best Choice

Expanding a business into India is an exciting opportunity, but it comes with its own set of challenges, especially when it comes to managing employees. This is where an International Professional Employer Organization (PEO) like BrooksPayroll comes into play. As a leading PEO service provider in India, BrooksPayroll offers a seamless solution to handle your HR, payroll, compliance, and other administrative tasks, allowing you to focus on growing your business.

What is a PEO and Why Do You Need One? A Professional Employer Organization (PEO) is a company that provides comprehensive HR services to businesses. When you engage with a PEO, you enter into a co-employment relationship where the PEO becomes the employer of record for your employees. This means that the PEO takes on many of the responsibilities of employment, such as payroll, taxes, and compliance, while you retain control over the day-to-day management of your employees.

For international businesses looking to expand into India, a PEO like BrooksPayroll is invaluable. It simplifies the complexities of Indian labor laws, ensures compliance with local regulations, and manages employee benefits—all without the need for you to establish a legal entity in India.

Why Choose BrooksPayroll as Your PEO Service Provider in India? Expertise in Indian Labor Laws: BrooksPayroll has deep knowledge of the Indian regulatory landscape. They stay updated with the latest changes in labor laws and ensure that your business remains compliant at all times.

Cost-Effective Solution: Setting up a subsidiary in India can be expensive and time-consuming. BrooksPayroll offers a cost-effective alternative by handling all employment-related functions, allowing you to enter the Indian market quickly and efficiently.

Comprehensive HR Services: From recruitment and onboarding to payroll processing and employee benefits management, BrooksPayroll offers a full suite of HR services. This ensures that your employees are well taken care of, which in turn boosts productivity and retention.

Localized Payroll Management: Payroll in India can be complex, with various statutory requirements and tax regulations. BrooksPayroll’s localized payroll management ensures accuracy and compliance, reducing the risk of penalties and fines.

Scalability: Whether you’re starting with a small team or planning a large-scale expansion, BrooksPayroll’s services are scalable to meet your needs. They can quickly adapt to your changing business requirements.

Dedicated Support: BrooksPayroll provides dedicated support to ensure that your business operations run smoothly. Their team of experts is always available to assist with any HR-related issues that may arise.

How BrooksPayroll Simplifies Your Expansion into India Expanding into a new country is a significant step, and BrooksPayroll makes it easier by taking care of the complexities involved in hiring and managing employees in India. Here’s how they can help:

Quick Market Entry: By handling all HR and compliance matters, BrooksPayroll enables you to enter the Indian market faster, without the need for lengthy legal processes.

Risk Mitigation: Navigating the legal and regulatory environment in India can be risky without the right expertise. BrooksPayroll mitigates this risk by ensuring full compliance with local laws and regulations.

Focus on Core Business: With BrooksPayroll managing the administrative burden, you can focus on what you do best—growing your business and achieving your strategic goals.

Conclusion Choosing the right PEO service provider is crucial to the success of your expansion into India. BrooksPayroll, with its extensive experience and comprehensive service offerings, stands out as a top choice for international businesses. By partnering with BrooksPayroll, you can streamline your operations, ensure compliance, and focus on driving your business forward in the Indian market.

Ready to expand your business into India? Contact BrooksPayroll today and discover how their International PEO service provider in India can make your expansion seamless and successful.

[apcseo]

Mahindra & Mahindra’s EV Unit Seeks Investment Opportunities in India to Accelerate Growth

Mahindra & Mahindra, a prominent sports utility vehicle manufacturer, is reportedly in advanced discussions with British International Investment (BII) and other global investors to secure a substantial investment of up to ₹5,000 crore for its electric vehicles (EV) subsidiary. This new funding round is expected to value the EV unit at a higher valuation than the previous round, reflecting the growing interest in the Indian electric vehicle market. The investment aims to support Mahindra’s ambitious plans for expansion and the development of sustainable mobility solutions.

India’s electric vehicle market has been witnessing significant growth in recent years, driven by increasing environmental concerns, government initiatives, and evolving consumer preferences. As a result, established automakers like Mahindra & Mahindra are actively seeking investment opportunities in India to capitalise on this emerging market and accelerate their growth in the EV segment.

India has set an ambitious target to transition to electric mobility, aiming for 30% electric vehicle penetration in the country by 2030. The government has implemented various policies and incentives to encourage the adoption of electric vehicles, including subsidies, tax benefits, and the establishment of charging infrastructure. These measures have created a favourable environment for investors and manufacturers to participate in the Indian electric vehicle ecosystem.

To align with India’s electric mobility vision, Mahindra & Mahindra’s EV unit has outlined an aggressive expansion strategy. The company intends to launch five new electric vehicle models between April and October 2025, demonstrating its commitment to providing sustainable transportation solutions to Indian consumers.

By incorporating electric SUVs into its product portfolio, Mahindra aims to capture a significant market share in the fast-growing electric SUV segment. It anticipates that e-SUVs will account for 20-30% of its overall SUV sales, with sales volumes projected to reach around 200,000 units. This focus on electric SUVs aligns with the evolving preferences of Indian consumers, who seek both sustainability and performance in their vehicles.

Investment opportunities in the Indian electric vehicle market hold immense potential for both domestic and international investors. The sector offers an attractive landscape for investment due to the following factors:

Growth Potential: With the Indian government’s strong commitment to electric mobility, the EV market is poised for substantial growth. Increasing consumer demand, supportive policies, and infrastructure development create a favourable investment climate.

Technological Advancements: Investment in electric vehicles drives innovation in battery technology, charging infrastructure, and connected features. These advancements contribute to the overall development of the sector and create opportunities for investors to benefit from emerging technologies.

Environmental Considerations: Electric vehicles play a crucial role in reducing greenhouse gas emissions and combating air pollution. Investing in electric mobility aligns with global sustainability goals, making it an appealing choice for socially responsible investors.

Job Creation and Economic Growth: The growth of the electric vehicle industry stimulates employment opportunities across the value chain, including manufacturing, R&D, charging infrastructure, and support services. This fosters economic development and contributes to the overall growth of the Indian economy.

Mahindra & Mahindra’s pursuit of significant investment for its EV unit reflects the immense potential and investment opportunities in India’s electric vehicle market. As the demand for sustainable transportation solutions continues to rise, the sector offers a promising landscape for investors seeking long-term growth and environmental impact. With government support, technological advancements, and changing consumer preferences, investing in electric mobility can contribute to both economic development and a greener future for India.

This post was originally published on: Apppl Combine

[hudsonmckenzie]

How legal firms in London can help a business expand in the Indian market?

Indian economy is in great shape. It’s got a very stable government at center. And it’s very positive towards foreign investment.  And thus, any business that wants to step in Indian market should get into the game without losing any more time. There are multiple ways a company can start its business in India. And setting up a subsidiary is one of the smart ways. But before you allocate resources into this initiative, it is essential to do a bit of brainstorming and figuring out how you’d handle the legal aspect of setting up and running a business in India. Legal firms can help a great deal Legal firms in London come in all shapes and kinds. And your job is to link up with a law firm that understands both the UK laws and the Indian laws, and also have link ups with the legal firms and accountancy firms of India. Such a legal firm will ensure that your business expansion process in India goes smoothly and your business get up and running within the preset timelines.

We advise you to spend a lot of time in speaking with a few of the legal firms in London, so you can end up with a firm that cares about your business plans as much as you do. Google for the best law firms in London and study their sites. Speak with them over phone. And visit their offices if you feel you need to. They can come over to your office to further understand how you plan to take your business to India, and how exactly you want to do there.

Steps to take after you find an ideal legal partner Once you settle down on your legal partner, you can think about other critical things that may affect your business plans. It could be about thinking ways to hire the talent to fuel your business growth in India, and finding land for your office, and all those minor-major things.

Back to the value that legal firms in London can create for your business Apart from helping you set up a business subsidiary in India, a legal or law firm in London can very well help with lots of other challenges that you may face while diverting your attention to India. Here’s a range of legal services that a law firm offers.

Project Finance

International private wealth and capital

Joint ventures, mergers, and acquisitions, and entry//exit strategies

Commercial issues including contracts, IP and IT

Data Protection and Privacy

Company Secretarial services

Mergers, joint ventures, acquisitions and entry/exit strategies

Mediation, Arbitration and Litigation

Establishment of subsidiaries

Immigration including visas, work permits and employment

[angela3345]

[ventureasy01]

Expert Subsidiary Company Setup in India

Ventureasy makes Subsidiary Company Registration in India seamless and straightforward. From documentation to approvals, our team of professionals handles everything. Set up your subsidiary with ease and benefit from India's growing market opportunities.

Contant Us - 9990952003 Email - hello@ventureasy.com More info - https://ventureasy.com/blog/subsidiary-registration-in-india/

[zcoordinate]

Captive center models offer a compelling alternative to traditional outsourcing by providing enhanced control and cost savings. Zcoordinate's comprehensive guide explores the advantages of establishing offshore captive centers, including improved operational efficiency, better quality management, and reduced long-term costs. Unlike outsourcing, where third-party vendors handle operations, captive centers allow companies to build their own teams and infrastructure in offshore locations, leading to significant savings and strategic alignment. Discover how captive center models can offer a more controlled and cost-effective solution for your business needs.

[raaaweb]

Company formation in India

Online company registration in India with ease. How to register company, start a business, open company in Delhi. Document required, benefits, types etc. Company formation in India | Company registration in India | How to start, open business in Delhi

[optionperks]

Shree Tirupati Balajee Agro Trading Sets Price Band For IPO At Rs 78 To Rs 83 Per Share

Shree Tirupati Balajee Agro Trading Co. Ltd. has set the price band for its debut initial public offering in the range of Rs 78 to Rs 83 per share at a face value of Rs 10. The IPO for the company will open from Sept. 5 to Sept. 9 and investors can bid for a minimum of 180 shares and in multiples of 180 shares thereafter, according to a statement released by the company. The IPO consists of a fresh issue of up to 1,47,50,000 equity shares and an offer for sale of up to 56,90,000 equity shares. The proceeds received from fresh issues at Rs 31.45 crore will be utilised to repay some of the existing debts of the company, while Rs 20.82 crore will be invested in the company's multiple subsidiaries to repay their existing debts, it said.

The three-star export house will avail Rs 13.50 crore to fund its capital requirements and will invest Rs 10.74 crore in its subsidiaries to fund their working capital requirements. PNB Investment Services Ltd. and Unistone Capital Pvt. Ltd. are the book-running lead managers and Link Intime India Pvt. Ltd. is the registrar of the offer. As an offer is being made through the bookbuilding processup to 50% of it will be set aside for qualified institutional buyers, at least 15% will be for non-institutional bidders, and at least 35% will be reserved for retail individual bidders.

[masllp]

Setting up a subsidiary company in India

Want to know how to setup Wholly Owned Subsidiary in India, Key features of the wholly owned subsidiary company, Documents required etc. Setting up a subsidiary company in India | Wholly Owned Subsidiary in India | Documents Required

[karanchadda]

What are ODCs?

Offshore Development Centers (ODCs) Typically includes a team of dedicated offshore developers who offer a number of services, ranging from software development, testing, and maintenance. ODCs are typically located in countries with lower labor costs, such as India, China, and the Philippines. They are established as a subsidiary of the parent company or as a separate entity. ODCs are designed to work exclusively for the parent company, providing a dedicated team that is focused on the company's specific needs and requirements.

ODCs offer a  certain level of superiority over traditional outsourcing models. One of the main benefits is cost savings. ODCs are typically located in countries with lower labor costs,  resulting in significant cost savings for the parent company. Additionally, ODCs provide access to specialized talent that may not be available locally. This is particularly important for companies that require specific technical skills or expertise. ODCs also offer improved communication and collaboration, as they are dedicated teams that work exclusively for the parent company.

Know more -