Our services speak for themselves, it’s encouraging when it gets recognized by reputed Magazines. Mind Merchants has been named as 20 Most Promising Risk Management Solution Providers 2017 India by CIO Review Magazine
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Governance Risk and Compliance Services (Domestic & International)

The intensity of change in today’s business environment requires new ways of thinking about risk. Complex business ecosystems, globalizing markets, and amplified regulatory scrutiny, businesses need proactive, innovative governance, risk, and compliance (GRC) strategies to seize competitive opportunities and meet stakeholder expectations. We at Mind Merchants understand the importance of implementing a robust cost effective GRC regime in a company, and have accordingly built our compliance service model.

Governance, Risk & Compliance – An Understanding

Governance, Risk and Compliance or GRC refers to a company’s coordinated strategy for managing the broad issues of Corporate Governance, Enterprise Risk Management and Compliance with regard to Statutory and Regulatory Compliance.

To give you a better understanding of each component, I am briefing each of the components below:

  • Governance is neither a project nor a technology, but a corporate objective for improving governance through more-effective compliance and a better understanding of the impact of risk on business performance.
  • Risk or Risk Management is the set of processes through which management identifies, analyzes and accordingly responds to the risks that might adversely affect the realization of the organization's business objective.
  • Compliance is the company’s conformance with regulatory and statutory requirements for all the functional aspects of the business operations of a company and includes categories of law such as Corporate, Labour, EHS, Tax and IT.

Mind Merchants Governance, Risk and Compliance Services

Mind Merchants is a pioneer in the field of Governance, Risk and Compliance (GRC) with an established Center of Excellence for GRC consulting, our seasoned practitioners provide strategic insights and advisory services to tackle risk and compliance challenges across the enterprise. Powered by its rich experience, Mind Merchants has developed a GRC solution portfolio that bridges the Subject Matter Expertise with technology, a unique combination which drives a successful GRC program in an enterprise. Our experience in across various industry verticals coupled with deep domain knowledge has enabled us to create unmatched solution capabilities that in turn has helped our customers reduce exposure and improve governance while proactively managing compliance, leveraging GRC automation platforms.

International Compliance Services - In partnership with Global Law Firms

In International Compliance foray, Mind Merchants partners with a BIG 4 and has serviced most of the ITES majors in India having global presence. For executing its international compliance practice, Mind Merchants has built a unique network of attorneys globally in almost all the regions ranging from EMEA, Americas to APAC. We are proud to have strategically partnered with Tier 1 and Tier 2 law firms in over 45 countries. These foreign legal experts lend a higher quality and credibility to the obligation registers for a territory which might be alien for attorneys sitting in India or at a head quarter location.

Our services currently cover all areas of law comprising Corporate, Immigration, Privacy, Data-security, Employment, Tax, Environment, Health and Safety (EHS). Since, we have worked extensively on international compliances, we have built a comprehensive robust database, and the same is regularly kept up to date with the assistance of our international law firm network which makes it one of the niche practices developed by Mind Merchants.

Domestic Compliance Services and License Procurement & Management

Mind Merchants has serviced clients in the Energy and E-Commerce sectors on ascertaining and establishing a compliance framework, this experience has led to a comprehensive database of central and state laws. We have an In house team of 50 attorneys who have exposure of creating the compliance framework and carrying out health check exercises for various clients in diverse sectors.

Mind Merchants also has a robust mechanism where all the obligation registers are updated periodically to keep the database current. For our update services, we use various paid portals such as Manupatra, LegalPundits to name some and also have subscriptions to Mondaq, Lexology etc.

In addition to its compliance practice for diverse industries, the team has experience of working with various governmental agencies to ascertain the applicable list of licenses/Approvals/Clearances.

At Mind Merchants, we house a team of individuals with experience of liasoning with various governmental agencies responsible for issuing business licenses.

Some of the common assignments include:

  • Trade License
  • Shops and Establishment
  • Reg. Fire NOC
  • DG Set NOC
  • Lift License
  • Contract Labour Reg.
  • Factory License
  • Registration/License
  • FSSAI License
  • Weights and Measure License

We ensure that the client is updated in real-time basis on the progress of their assignments. In some cases, our clients leverage our technology platform ‘LegalTaxi’ to monitor and track these tasks even though they engage our consultants for compliance execution.

 


Solutions

Contact Us

Mind Merchant Overseas PTE LTD.
24 Raffles Place
#25-02A
Clifford Centre
Singapore - 048621
info@mindmerchantslpo.com