Verification Pvt. Ltd.
1
Name : URVASHI Verification Pvt.
Services : Criminal record verification
Civil record verification
Financial verification
Tenants history verification
Employment & Education verification
Professional verification
Bank A/C search
Board of directors : Anish, Monica,Manjunath, Richa, Rita, Rohit,
Safvee
Nature of the company: Private Ltd.
2
Mission:
“To provide the accurate information related to pre-
employment, tenant, screening and business background
information”
Vision:
“To mitigate business risk and operating efficiencies”
3
4
Company Values: Our shared values that we are guided by are:
Leadership Market pioneer
Passion adaptable
Integrity
Accountability
Collaboration
Innovation
Quality
Coordination
Employee background screening has become the norm in the hiring process and many companies
businesses, don't have the time or the means to adequately check up on all their job candidates.
A background check service has relatively low startup costs and high barrier to entry – Limited competition.
you do need a firm understanding of federal, state and local laws.
Market is still unexplored & in a growing stage
Less investment is required
5
Targeted market:Corporate.
Firms.
Individuals.
Targeted customers:
Financial Institutions.
IT company.
Automobile company.
Insurance company
Manufacturing & logistics companies
6
Knowledge & Information Power
have a Biometric Access system
electronic fire-walled networks system
R& D
Government regulations
Competitors
Mobility of staff
Cost structure
7
o Viability of this concept is great
oUntapped market gives us a great competitive edge in this sector
oThe screening industry has grown by 30% to 40% year on year since
2007
oBackground screening is not just confined to job applicants. There are
cases where companies ask service providers to run checks on their
employees.
o"Most organizations have started conducting comprehensive
background checks on all levels of candidates
8
9
10
☻ Mouth to mouth advertisement
☻Differentiation strategy
☻Cost leadership strategy
☻Segmentation strategy
11
12
13
Staff structure
The medium and senior
R&D staff:65%
Other staff:35%
Educational Backgroud
of employees
81% Bachelors
4% Experienced
15% Mba’s
• Strong focus on technological literacy
• Great emphasis is laid on work culture and employee
satisfaction
14
Technology team of Urvashi Pvt. Ltd
• Importance to perfect English abilities of reading, writing, listening and
speaking .
• Good, development, space, Competitive, salary, Pension, unemployment and
work injury insurance
Headed by Rita &
Monica
Headed by Rohit
and Manjunath
Headed by SafveeHeaded by Anish
Headed
by Richa
15
Capital ($40664)
Asset($18483) Cash and Bank balance($9242)
Management ($5099)
Sales($5000)Miscellaneous
Expenses($2840)
Share Capital($3370)
Loan Fund ($7394)
Idea __ Product
Generating __ Revenue
Earning __ Customer
Sales building __ Segment
Raising __ Awareness
Positioning
18
19
20
21
• Consumer preferences and demand are the predominant drivers for the
verification industry
•Entry costs are also an important factor in the growth of this segment.
•Profitability in this industry is huge
• Competition in this industry is steep, as the company has to compete with
other alternative service providers outlets for consumer frequency. Because
of this companies often create alliances to present a stronger front.
• Successful advertising strategies, as well as concentration in specialized
markets help in allowing company to generate increased revenue.
SWOT Analysis Strength 1. Varieties of popular services are available
2. Caters to all types of people (individuals, firm, companies)3. Market for this service is still un explored4. It has basic requirement for everyone
Weakness
1.Global penetration is limited as compared to international leading brands2.customers find it difficult to trust with their documents for security
Opportunity 1. High growth in the industry
2. Globally the process has become the need of the time3. Tie-up and association with global brands for better global reach
Threats 1. Internal competition among brands is a serious threat
2. External competition and price wars decrease the switching cost for a customer
Distribution system.
Organization.
New Technology.
Scale economies.
Customer loyalty.
Customer switching cost.
23
24
