For India, is there a Dun & Bradstreet equivalent so I can verify information about a local Indian company?
We are thinking of going into business with a non-public listed company in India but we don't really know much about them other than what they have told us themselves. If this were a US company, we would run a report from Dun & Bradstreet (D&B) to verify their information.
Is there an equivalent service similar to D&B available for non-public listed companies in India?
Hello Jeff , I am extremely sorry , I don"t know a bout indian company .thanks
Jeff, to give an one word answer it is no.
I faced a similar problem years back. Started off from a clean drawing board.
First, I had identify my potential target business with the a cluster research that is geographic specific.
Secondly, most of these clusters have industrial associations. They have a list for companies available with details like, address, number of employees, work they do, key contacts, estimated revenue and a few other pieces of information.
Thirdly, get a telephone directory of a place and cross reference with the second list. More telephone numbers registered in a business name mostly means more business.
Post the same I had two other approached to get business. Either use a business development team to call people to investigate and pitch our services. Or check with the industrial associations and check if you can get a speakers slot in the conferences mostly happens once a year. All the best.
Equifax has an international credit information service in India- http://www.equifax.com/about_equifax/india/en_in
One of the biggest problems outside of North America is the accuracy of the credit information. What counts is current trade information not utility and landlord payments.
Banks do not share their information nor do insurers share. Government organizations and trade commissions have vested stake in promoting business but rarely have accurate information except for the large companies public & private.
Since current payment data is rarely shared most services providing credit data etc get their information from direct from the company they are reporting about.
This is why most trade worldwide is Letter of Credit or prepay.
Hi Jeff. I did some work in India for about a year, I recommend you contact http://newdelhi.usembassy.gov/ , the embassy is in Delhi, and they can direct you best. What city is the company operating from? . I'm sure the embassy would be able to give you some idea on the company you are interested in. Anything I can help you with just let me know. All the best.
I suggest using the MCA (Ministry of Corporate Affairs) website. The information is quite credible. I use it all the time. Let me know if you need help with this. Good luck!
Best would be to look at many sources and collate information:
1. Dun & Bradstreet itself
2. CRISIL, a credit rating agency and part of S&P. They will have information.
3. Industry association reports, example ---All India manufacturers association directory, All India Chemical manufacturers association, etc.
4. The registrar of comapnies also have information on all companies whci are registered with the department of company affairs. Any company that is private or public limited in formation, will be have company documents and annual reports filed there.
http://www.dnb.co.in/ please contact them to get all information you need about your question.
There is two way of verify information about a local Indian company:
1. http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=16 this is most trusted resource it the portal run by Indian Government and has database of any registered in India.
2. In case you cannot access above website then log on to www.companyinfoz.com it can give you details of director and company both.
Also, D&B has operations in India. If you wish, drop me a message and i can pass on the contact details to you.