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Climbing the corporate ladder is no easy feat unless, of course, you’ve built it rung by rung yourself. Alea Consulting has announced the elevation of long-time team member Dhananjay Saraswat to the role of director of operations, recognizing a decade’s worth of sharp investigative acumen, operational finesse, and an unwavering eye for detail.
Most professionals find compliance requirements complex, leading to increased challenges in adherence. India’s business ecosystem is governed by extensive regulations making timely interpretation crucial. While compliance fosters integrity and accountability complex record-keeping and low awareness create challenges, leading to exhaustion and frustration, which can be described as ‘Compliance Fatigue’.
India’s startup ecosystem is booming, attracting billions in funding. But with thousands of startups shutting down due to governance lapses and financial stress, angel investors must tread carefully. Here’s how they can mitigate risks and make informed investment decisions.
Alea Consulting expands operations to Bengaluru to enhance client servicing, streamline operations, and foster growth through its strategic alliance. The new location reflects Alea’s robust growth trajectory and future aspirations.
ESG has grown to become crucial for companies globally. Taking into account the environmental, social, and governance factors when investing, refers to ESG investments. By investing in companies that adhere to ESG principles, Indian investors can help promote responsible and sustainable business practices.
Any unrest has an almost immediate effect on the economy, slowing down areas it impacts and creating ripple effects. The overall cost of violence in India, including activities by anti-social forces (ASF), was estimated at US$646 billion in 2020, representing ~6% of India’s GDP. Anti-social forces are groups engaged in unlawful activities that threaten public peace, individual rights, and the integrity of the legal system.
Over the past few decades, India’s business landscape has witnessed a steady rise in fundraising via private equity (PE) transactions. Startups, across verticals, have immensely benefited from the increased inflow of funds, with some having attained unicorn status. Even in the post-pandemic era, the startup ecosystem in India received over $17 billion from venture capital (VC) firms in the first half of 2021.
A recent report highlights that in the past couple of years 59% of Indian companies have reported experiencing financial or economic fraud, a figure that is 18% above the global average of 41%, and marks a notable increase from previous years. Against this backdrop, antecedents of the founding team, remains a critical factor when evaluating a startup.
Alea is one of India’s first (homegrown) private global risk, fraud mitigation, and investigative consulting firms, helping organisations reduce reputation and operational concerns. They have expertise in conducting corporate investigations across industries, including FMCG, energy, education, e-commerce, banking, EPC, fintech, healthcare, insurance, logistics, manufacturing, mining, pharmaceutical, real estate, retail, renewables, startups, and telecom.
Fraud has been a persistent threat since ancient times. One of the earliest known cases dates back to Greece in 300 BC, where Hegestratos attempted to deceive shipload insurers by sinking his boat and keeping the cargo. While he drowned in the process, this highlights that fraud is not a new phenomenon.