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, India

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.

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. 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