Mahesh Bhambwani is second generation entrepreneur with a rich corporate experience of about 18 years in companies like Metlife and Bharti AXA. During his tenure as regional head he contributed significantly in the area of background checks, claims verification among others. He acted as a consultant for a brief period before setting up TRAG India and introduced human rating in India. In conversation with Dominic Rebello, Mahesh explains the nitty gritty of Human Rating/Background Checks.
Is Human Rating /Background check is going to be a standard in coming days for corporate and public sector in India?
Going by the fabulous response from the corporate organizations I would safely say Human Rating/Background Check is here to stay. In absence of anything like social security number, it is hard to figure out proper background of any individual. With the prevailing times and high crime rate, online and offline makes it a proper business sense to know about your key associates, employees, vendors and client. Once the risk potential is accessed, proper steps could be taken to avoid any future crime. Moreover, the database compiled over the time would make a ready reference for safe candidates/individuals.
What is the Potential of the business in India?
As far rating business is concerned only 1 to 1.5 % of the market has been covered so far but then this is by far an unorganized market, which have to be educated to reap in the awards. For e.g. Mumbai alone can generate business worth 100 - 150 crore
Who all are your clients?
Insurance - Kotak, HDFC, ICICI, SBI General
Banks - Canara, PNB and others
Hotels - Trident Group and others
Website - Bharatmatrimony and others and 1500 retail clients in the last 3 months.
What is your vision for the company?
We wish to be the No. 1 human rating company in India with the largest database of safe candidates. Our mission in to make TRAG India the topmost and reliable Investigative agency ever in the country.
Where do you see yourself five years down the road?
In next 5 years I would like to go Public with at least 50 offices to harness the market potential, nationally.