Overview of Managing Legal Complexity by Multi-National Companies (MNCs) While Doing Business in India

Vijay Krishnamurthy, CFO, Company Secretary & Legal Head, Smartplay Technologies (India) Pvt. Ltd

The Indian economy with a GDP size of $2.13 trillion is the 8th largest in the world and is currently growing at between 5-6% (down from 8-9% less than 5 years ago but expected to revive once a new government is in place based on the 2014 Central elections whose results are expected shortly). It has a current population of 1.3 billion (of which almost half belongs to its work force). India has the largest pool of technically qualified graduates in the world and currently almost 1 million students graduate out of its engineering colleges annually (although realistically more than half of them have to be re-skilled in order to be employable). In terms of Foreign Direct Investment (FDI), India has been regarded as one of the top 3 global investment destinations and has attracted FDI of over $266 billion in the last 10 years.

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India Business IT July 2014 Vol. 7, No. 28, Summer 2014

Vijay Krishnamurthy

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Vijay Krishnamurthy (having professional qualifications in accountancy, company secretaryship and law) has worked in reputed Indian and MNC companies with a total experience of almost 30 years in the corporate sector. During this period, he has handled an

Smartplay Technologies (India) Pvt. Ltd

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Smartplay Technologies (India) Pvt. Ltd. is India' second largest chip design services company with about 1000 employees currently and is also engaged in wireless/mobile technologies. It was started as a start-up about 6 years ago by senior IT professiona

India Business IT July 2014 Vol. 7, No. 28, Summer 2014