Vendor Verification Service - VerifiTech

Information Technology

India is now steadily gaining momentum in terms of intellectual capital with multinational corporations setting up their innovation centres in the country. The IT sector is also a well-organized industry. IT sector is expected to benefit from positive factors, such as improvements in financial services and digital businesses, while focusing on increasing investments in digitization and automation.

The Indian IT industry is expected to add around 130,000-150,000 new jobs during the year.

Therefore, we’re here to ensure you have the best candidates into your team.

 

Solutions

  • Employee Background Screening
  • Leadership Due Diligence.

Information Technology Enabled Services

India is the world’s largest sourcing destination, accounting for approximately 55 per cent of the US$ 185-190 billion market in 2017-18. The country’s cost competitiveness in providing Information Technology (IT) services, which is approximately 3-4 times cheaper than the US, continues to be its Unique Selling Proposition (USP) in the global sourcing market.

India’s highly qualified talent pool of technical graduates is one of the largest in the world and has a low-cost advantage by being 5-6 times inexpensive than US.

And, yes! This sector was an early bird in the background check and screening.

 

Solutions

  • Employee Background Screening
  • Leadership Due Diligence
Background Check Companies - VerifiTech India
Background Check Companies - VerifiTech India

E-Publishing

A market that is growing by millions each year, generated by online vendors such as Apple’s ITunes bookstore, Amazon’s bookstore for kindle, and books in Google play book store.

E-Commerce

The e-commerce industry been directly impacting the micro, small & medium enterprises (MSME) in India by providing means of financing, technology and training and has a favorable cascading effect on other industries as well. The Indian e-commerce industry has been on an upward growth trajectory and is expected to surpass the US to become the second largest e-commerce market in the world by 2034. Technology enabled innovations like digital payments, hyper-local logistics, analytics driven customer engagement and digital advertisements will likely support the growth in the sector. With the increase in the number of high speed internet services, electronic payment gateways and mobile wallets, it is expected that by the year 2020, cashless transaction will constitute 55 per cent of the online sales. The growth in e-commerce sector will also boost employment hiring a diverse set of people from software developers to delivery boys, increase revenues from export, increase tax collection by ex-chequers, and provide better products and services to customers in the long-term.

With growth comes a new set of challenges – Blue collar workers like the delivery boys are now directly interacting with customers in the space of the customer’s home. This has big risk implications to the brand and its market standing.

Verifying every individual you work with thus becomes vital.

Solutions

  • Employee Background Screening
  • Delivery Boys Background Screening
  • Merchant Background Screening
  • Leadership Due Diligence
Background Check Companies - VerifiTech India
Background Check Companies - VerifiTech India

Banks

Custom Services for Banking & NBFC’s signifies broad range of specialized services specially designed for Banking & NBFC’s (Non Banking Financial Corporation’s) our well-equipped team of qualified and experienced professionals, infrastructure customized to minimize losses and maximize profits by providing innovative and strategic security based business solutions to its customers across the country.

Major Services Includes,

  • Residential Address Check
  • Income Tax Return Check (ITR)
  • Commercials (Operations Office) Address Check
  • Form 16 Check / Form 26 AS
  • Documents (Photo ID) Check – Voter ID/Aadhar Card UID / Passport/Pan Card
  • Cancelled Cheque (Authentication of Name)
  • Property Valuations
  • Bank Status Check
  • Financial
  • Professional Reference Check
  • Credit Card Statement / Loan Track
  • CIBIL Check

Finance

Companies in the financial services industry are in the business of managing money. Globally, the financial services industry leads the world in terms of earnings and equity market capitalization. Large conglomerates dominate this sector, but it also includes a diverse range of smaller companies.

Subsectors

  • Commercial Banks
  • Investment Bankers
  • Venture Capitalist
  • Insurance

These sectors has a huge market and involves people and companies playing a major role, which includes the team and the customers who they deal with. When it comes to lending or investing, repayment and returns bringing capacity takes the prime position in deciding who the customers/partners are. And, thus we as a third party can help in identifying the best people for the same.

Solutions

  • Employee Background Check
  • Business Due Diligence
  • Individual KYC Check
  • Business KYC Check
  • Leadership Due Diligence
  • Risk Assessments
Credit Verification - VerifiTech
Employment Screening Services - VerifiTech India

Logistics

Individuals employed in the logistics industry are directly responsible for the transportation and handling of valuable goods and information, and thus reliability and trustworthiness are key factors in selecting employees. Their fast-paced businesses require reliable information quickly, and reporting capabilities that take into consideration their unique organization. Choose Verifitech, and we will leverage our depth of experience in serving the logistics industry to deliver fast, reliable background check information.

 

Solutions

Verifitech’s logistics packages take into consideration the type of positions being filled. Each employee’s access to information, equipment, and intellectual property are important considerations. Based on our experience, we recommend pre-employment screening package that includes the following:

A Logistics Background Check Package Typically Includes:

  • Criminal Record Check
  • Identity Cross-Check
  • Investigative Reference Check
  • Employment Verification
  • Driver Abstract

Manufacturing

Manufacturing has emerged as one of the high growth sectors in India. Prime Minister of India, Mr Narendra Modi, had launched the ‘Make in India’ program to place India on the world map as a manufacturing hub and give global recognition to the Indian economy. India is expected to become the fifth largest manufacturing country in the world by the end of year 2020*.

India being an attractive hub for foreign investments in the manufacturing sector. Several mobile phone, luxury and automobile brands, among others, have set up or are looking to establish their manufacturing bases in the country.

The manufacturing sector of India has the potential to reach US$ 1 trillion by 2025 and India is expected to rank amongst the top three growth economies and manufacturing destination of the world by the year 2020. The implementation of the Goods and Services Tax (GST) will make India a common market with a GDP of US$ 2.5 trillion along with a population of 1.32 billion people, which will be a big draw for investors.

With impetus on developing industrial corridors and smart cities, the government aims to ensure holistic development of the nation. The corridors would further assist in integrating, monitoring and developing a conducive environment for the industrial development and will promote advance practices in manufacturing. Thereby, increasing the employment opportunities making screening of individuals a prime factor of employment.

Solutions

  • Employee Background Check
  • Business Due Diligenc
  • Individual KYC Check
  • Business KYC Check
  • Vendor Due Diligence
Credit Verification - VerifiTech
Background Check Companies - VerifiTech India

Telecom

India’s telecommunication network is the second largest in the world by number of telephone users (both fixed and mobile phone) with around 1.5 billion subscribers. The unprecedented growth also puts a lot of pressure on the industry, which cannot afford to make mistakes. This makes our background screening for telecom services of paramount importance for the industry

 

Solutions

  • Employee Background Check
  • Business Due Diligence
  • Individual KYC Check
  • Business KYC Check
  • Vendor Due Diligence

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