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Sunday, Sep 26, 2004

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Control Risk to extend services to Indian cos

Our Bureau

Mumbai , Sept. 25

AFTER serving various multinational clients in India, Control Risk Group (CRG), an international business risk consultancy firm, is planning to offer its services to Indian companies.

Mr Mike Horner, Regional Director, Asia Pacific said, "CRG already services quite a few multinational clients in India. Since various Indian companies are interested worldwide, the CRG Group feels that its services would be very valuable for those with global ambitions."

CRG operates in four main areas — political and security risk analysis, investigations, corporate security strategy and crisis response. Political and security risk analysis includes an online service called country risk forecast which provides daily analysis of worldwide events. It also includes CityBrief, which offers an in-depth reference to over 300 cities worldwide.

"Once the operations are up and running for any enterprise, new controls and support services are likely to be needed. Control Risk provides services to inform, protect, train and support at all levels," said Mr John Conyngham, Global Director (Investigations), in a statement issued by Keynote Corporate Services Ltd, the investment banking firm which is advising the group on its entry strategy.

He said the company provides confidential investigative and problem-solving services — both proactive and reactive. CRG investigates fraud, conducts detailed due diligence studies, traces and recovers assets and provides litigation support.

Mr Vineet Suchanti, Director, Keynote Corporate Services, said the CRG's expertise in helping to reduce the risk of physical harm, financial loss, legal disruption and damage to reputation would be of great value in the Indian context.

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