CHAPTER 2

COMPANY OVERVIEW

2.1 COMPANY OVERVIEW

INSPLORE CONSULTANTS provides Consultancy and Wealth advisory services. It’s one
of the growing companies in India and Abroad. INSPLORE CONSULTANTS PVT. LTD is
a start-up active since past the year 2015. It’s a major provider of professional wealth
advisory in India, Insplore consultants delivers a one stop solution or service to acquire
financial independence. Its principle is to deliver high returns to its clients through a large
network of government sector banks in India. Its complete wealth management is a high-level
professional service that combines financial and investment advice in accounting, taxation
services and retirement planning. Its wealth management is much more than just investment
advice as they encompass all parts of an individual financial life. They coordinate all the
services needed to manage client’s money and plan for their own and family’s current and
future needs. It helps maintain and increase their wealth based on individual’s financial
situation goals and comfort level with risk.

Mainly it’s divided into three parts which area,

A) INVESTMENT POLICY:

Insplore consultants Pvt Ltd. in collaboration with „India First Life Insurance‟ company
(Joint venture of Bank of Baroda, Andhra Bank and Legal and General Bank) markets
investment and healthcare policies. It has created lakhs of customer database and has
generated leads worth over a million.

B) INSPLORE CONSULTANCY

It is dedicated to empower people with relevant jobs and development opportunities. They
serve small, medium and large organizations across all industry sectors with a team of
professionals working every day to provide HR Solutions to the companies. Its Sole objective
is to bridge the gap between the talented candidate and the talent seeker. Its mission is to
inspire the deserving Candidates and assist them in exploring the various job opportunities
available across various industrial sectors.

c) TLS (The Learning Street):

The Learning Street is a new project of the company which is aiming for providing students a
better future by providing accurate knowledge and guidance. They are bringing a lot of
change in the way students are preparing for exams. They provide world class coaching to
students aiming for best B-schools in India and abroad. They have the best team of
experienced faculty who has assisted thousands of students to achieve their goals. They are
the only organization in India which provides placement consultancy to all the students
studying with them as well as providing the best environment to study. They are having a
team of exclusive corporate trainers which help and develop leading Professionals in the
country. The objective of internship is to work on three areas as mentioned below.

2.1.1 FINANCIAL SECTORS AND INVESTMENT POLICIES:

The financial sector is a category of the economy made up of firms that provide financial
services to commercial and retail customers. This sector includes banks, investment funds,
insurance companies and real estate. Financial services perform best in low-interest-rate
environments. A large portion of this sector generates revenue from mortgages and loans,
which gain value as interest rates drop. Over the last 10 years, the sector has produced a
negative 1 percent overall return for investors for the period ending May 31, 2016. This was
caused by the financial crisis that produced catastrophic returns in 2007, down 18.63 percent,
and 2008, down 55.32 percent. However, over the last five years, the sector has rebounded,
giving investors an annual average return of 10.55 percent.

2.1.2 DATA EXTRACTION AND RESEARCH

In this I had to research on the investment sector of India and all the information which helps
in final result and interpretation of the data. This will also include extracting data which
include all the relevant data for the report and further research will be done to find out the
validity of the data that it is to be further used as a reliable source of information or not.

2.1.3 MARKETING:

Marketing is based on thinking about the business in terms of customer needs and their
satisfaction. Insplore consultants deliver a one stop solution/ service to achieve financial
independence. There principle is to deliver high returns to our clients through our network of
government sector banks in India. Insplore consultants comprehensive wealth management is
a high-level professional service that combines financial and investment advice in
accounting, taxation services and retirement planning. Its wealth management is much more
than just investment advice as we encompass all parts of an individual's financial life. They
coordinate all the services needed to manage client's money and plan for their own and
family's current and future needs, maintain and increase their wealth based on individual's
financial situation goals and comfort level with risk. Insplore consultants team offers an
ongoing support and advice when your investment is successfully done. They will keep you
informed of changes in regulations that directly affect you and leaving you to focus on
strategies that maximize profitability and productivity in investment.

INSPLORE CONSULTANTS VISION

We will seek out clients for whom we can serve as their trusted advisor, attending to the
details of their financial life as it moves forward. We will learn about their history, and help
them clarify their goals, values and dreams, rather than simply inquiring about their balance
sheet. We will develop a personal insight into their lives as well as the role money plays for
them. By adding our professional financial planning and investment management expertise
and wisdom, we will serve as a coach to assist in reaching their personal goals and
recognizing financial peace of mind.

INSPLORE CONSULTANTS MISSION

To seek opportunities to better the financial planning industry by educating other financial
advisors across the country. By sharing our knowledge, we will help create an environment
where more clients can be effectively served by an increasing number of advisors offering
comprehensive financial planning and adhering to a fiduciary standard.

2.2 FINANCIAL PERFORMANCE

Insplore Tls Consultants Private Limited is an unlisted private company incorporated on 01

January, 2018. Its authorized share capital is INR 1.00 lac and the total paid-up capital is INR
1.00 lac.

Insplore Tls Consultants's operating revenues range is Under INR 1 cr for the financial
year ending on 31 March, 2021. It's EBITDA has increased by 88.19 % over the previous
year. At the same time, it's book net worth has decreased by -2.36 %.

The last reported AGM (Annual General Meeting) of Insplore Tls Consultants Private
Limited, per our records, was held on 29 September, 2021. Also, as per records, its last
balance sheet was prepared for the period ending on 31 March, 2021.
 Here is a summary of financial information of INSPLORE TLS CONSULTANTS
PRIVATE LIMITED for the financial year ending on 31 March, 2021.

 Revenue / turnover of INSPLORE TLS CONSULTANTS PRIVATE LIMITED is

Under INR 1 cr

 Net worth of the company has decreased by -2.36 %

 EBITDA of the company has increased by 88.19 %

 Total assets of the company have decreased by -17.99 %

 Liabilities of the company has remained unchanged.

Operating Revenue Under INR 1 cr

EBITDA  88.19 %

Net worth  -2.36 %

Debt/Equity Ratio 0.25

Return on Equity -2.42 %

Total Assets  -17.99 %

Fixed Assets  0.00 %

Current Assets  -19.88 %

Current Liabilities N/A

Trade Receivables  0.00 %

Trade Payables  0.00 %

Current Ratio 4.56

2.3 PRODUCTS
Insplore consultants Product
Insplore consultants deals with India First life insurance MAHA JEEVAN PLUS AND
INDIA FIRST LIFE GUARANTEE BENEFIT PRODUCT.
INDIA FIRST LIFE INSURANCE
India First Life Insurance Company is a life insurance company in India. It is a joint
venture between two of India's public-sector banks – Bank of Baroda (44%) and Andhra
Bank (30%), and UK's financial and investment company Legal & General (26%). It was
incorporated in November, 2009. It has its headquarters in Mumbai India First Life made
more than Rs. 2 billion in turnover in just four and half months since the insurance
company became operational. India first Life insurance company is headquartered in
Mumbai. The company is headed by the MD &CEO Ms. R.M. Vishakha first Life
insurance company is headquartered in Mumbai. The company is headed by the MD
&CEO Ms. R.M. Vishakha.

ABOUT INSURANCE
Insurance in India refers to the market for insurance in India which covers both the public
and private sector organizations. It is listed in the Constitution of India in the Seventh
Schedule as a Union List subject, meaning it can only be legislated by the Central
government. The insurance industry of India consists of 57 insurance companies of which
24 are in life insurance business and 33 are non-life insurers. The Confederation of Indian
Industry states that the insurance sector of the country has been witnessing a consistent
growth rate of late and its present worth is 41 billion US dollars. The industry has of late
achieved a yearly growth rate within 32 and 34 percent and this makes it the 5th best
among emerging economies around the world. The various entities of the industry are
also bringing out newer products on a regular basis to attract their customers. As per
rules, the upper limit of foreign direct investment permitted in this sector is 26 percent.
However, this has to be done through the automatic route and the investor needs a license
from Insurance Regulatory and Development Authority (IRDA). Among the life insurers,
 Life Insurance Corporation (LIC) is the sole public-sector company. Apart from that,
among the non-life insurers there are six public sector insurers. In addition to these, there
is sole national re-insurer, namely, General Insurance Corporation of India (GIC Re).
Other stakeholders in Indian Insurance market include agents (individual and corporate),
brokers, surveyors and third-party administrators servicing health insurance claims.
HOW DO WE INVEST?
Investment starts only after savings. To invest your money, you need to focus on factors
like risks, return, tenure, tax, and liquidity. It is better to start investing at an early stage of
life. Once you start investing, the compounding effect starts appreciating your infused
capital, gradually growing it day by day. Investment requires great discipline and
patience. You can make an investment for short term, medium term and long term and
also select the appropriate instrument as per your planning.
OPPORTUNITIES OF INVESTMENT
1)Bank investments
2)Gold
3)Stock Market/ Equity
4)LIC’s
5)Real Estate
6)Mutual Funds
7)Government Bonds
8)PPF (Public Provident Fund)
9)EPF (Employment Provident Fund).

2.3.1 MAHA JEEVAN PLUS

MAHA JEEVAN PLUS is a product of the company India First Life Insurance, which
is one of India’s youngest life insurance companies. Headquartered in Mumbai, it is
present in over 1000 cities across India. It’s a joint venture between Bank of Baroda
(44% stake), Andhra Bank (30% stake) and UK`s leading risk, wealth and investment
brand Legal & General group (26% stake). This product or investment policy is
one of the best of its own. It’s a 15-year policy. Premium Varies from- Rupees 30000
to Maximum Limit Rate of return- Fixed 8% + 2 % (Annual Bonus) + 2% (Market
Bonus) As most policies don’t have much of the liquidity in it this policy provides its
customer 90% liquidity that amount withdrawal option without any extra charges.
This policy comes under the tax provision of 80C, 80D and 10(10D) The best part of
 this policy is that it provides an extra benefit of insurance if the policy holder dies the
company will provide the appointed nominee an amount 10 times of the first premium
paid. No risk, No Brokerages, No TDS and Great Customer Relations. INSPLORE
CONSULTANTS also deals with a health care policy. This policy is for providing
Med claims.
KEY FEATURES
 Create a long-term protection for your loved ones through life insurance cover
of up to 15 or 20 years Receive money back periodically (at the end of
 3rd, 7th and 11th policy year) equal to 103% of your Annualized Premium and
fulfil your planned financial needs
 Utilize these money backs to fund your periodic needs or fund your next
annual premium
 Gain from Maturity Benefit and accrued Simple Reversionary Bonus, if
declared and Terminal Bonus, if declared, at the end of the policy term
 Pay for a period of 12 years while benefitting from your policy for an entire
policy term
 Receive a discount when you pay your renewal premiums early
 Continue to enjoy life cover benefit for one full year even if you miss to pay
one premium (applicable after you have paid two full years premiums)
2.3.2 INDIA FIRST LIFE GUARANTEE BENEFIT
India First Life Guaranteed Benefit Plan, a plan with multitude of options which will
modify itself to suit needs, while keeping secure with a life cover. If primarily need
supplementary future income, it has the Income Benefit option to support, to accrue
savings for a goal, Lumpsum Benefit will help and a continued life cover even if
missed paying a premium; the Life Cover Continuance will take care of protection
(applicable after paid two full years’ premiums) and the life cover will
ensure investor protected throughout the policy term. It can secure your aspirations
anytime and anywhere through online mode by simply logging onto website.
This offering will ensure a financially accomplished and fulfilled life ahead.
KEY FEATURES
 Accomplish your future goals.
 Choose from Income Benefit or Lumpsum Benefit option as per your need.
 Tailor the plan to suit your requirements, as you get to choose from 4 varied
options under the Income Benefit option.
  Get three-way boost in the Income Benefit option. Receive Monthly Income,
Annual Income as well as Maturity at the end of the policy term.
 Give your savings the extra boost with the Lumpsum benefit option
 Pay premiums only for a limited period while benefitting from your policy for
an entire term.
 Continue to enjoy life cover benefit for one full year even if you miss to pay
one premium.
 Safeguard your family further by opting Waiver of Premium Rider. Protect
them from the burden of paying future premiums in case of occurrence of
death, accidental total permanent disability or any of the defined critical illness
while continuing the benefits of the policy.
 Support your loved ones through death benefit as a one-time payment or in
instalments over a period of 5, 10 or 15 years.
 Tax benefit may be available on the premiums paid and benefits received as
per prevailing tax law.

2.4 SWOT ANALYSIS

Fig no 2.4 SWOT Analysis

Consulting firms provide professional services to businesses. There is a lot of competition

among consulting firms to secure and maintain clients, and many factors that lead a client to
select one consulting firm over another. As such, it is helpful for consulting firms to regularly
assess the marketplace and their competitiveness in the market. One tool for analysing a
firm’s competitive market position is the SWOT analysis. SWOT stands for Strengths,
Weaknesses, Opportunities and Threats. This tool utilizes data to provide a realistic overview
of the market and competitiveness. The SWOT analysis of a firm can provide a snapshot of
current conditions for business.

STRENGTH

o Strong compliance.
o Have the existing loyal customer.
o Working with companies’ products which have excellent reputation.
o Strong and motivated team.
o Quality and effective performance.
o Working with high standards and privacy.

WEAKNESS

o Slow process due to paper work.

o Working with Limited product and services.
o Available in limited location. (Physical presence)

OPPORTUNITY

o Expanding the presence in different location.

o Introduction of ERP or using new technology for managing the customer.
o Taking the government contract.
o Getting multiple projects from different companies.

THREATS

o Changing laws and regulations.

o Less demands for certain projects’ product and services.
o Large Competitors products or services.
o Weak financial position of customer due to pandemic.
2.5 OVER VIEW OF DIFFERENT DEPARTMENTS
Insplore consultants Services
 INTERNSHIP SERVICES
They provide domestic & international level internship. Insplore consultants have a team
of experienced educational and training professionals who can provide training solutions
for clients to ensure that RPAS operations are effectively and seamlessly integrated into
their existing business systems. Their training specialists include technical training
specialists, formed high school teachers, university lectures and regulatory training
specialists. They have developed training manuals, conducted training needs analysis,
provided in-house training and produced online and e-training resources.
 COMPLIANCE SERVICES
Insplore Compliance experts have the complete knowledge of the corporate compliance
needs across jurisdictions in the territory. Non-Compliance can result in fines and
imprisonment if one has no updates regarding important information. The compliance
horizon in the Asian jurisdictions is highly dynamic as most of the economies are on
verge of transition. Insplore consultants will be available partner for the companies
having intra-regional operations offering them compliance services/solutions for all of
their Regional Subsidiaries. They will leave to concentrate on core activities as they will
be providing the following services:
 Company Constitution
 Meetings & Company Officers
 Maintaining Statutory Books & Registers
 Annual Filings with The Company Registrar
 Statutory Reporting
 ACCOUNTING SERVICES
As the companies expand their business, accounting transactions gets bulky and complex
and accounting converts into a strategic function from primary function. At Insplore
consultants, they will provide customized accounting solutions as their accounting experts
possess regional exposure and extensive technical knowledge. Trusting a regional expert
with accounting is elementary to achieve control and transparency in accounting through
standardization of agenda. They have a leading edge of experienced professionals and IT
System to render smooth, co-related and comprehensive reinforcement regionally. They
are dynamic towards systems and solutions to stay relevant to the changes in the region.
Their proficiency will empower the enterprises to expand by beholding the measured
decisions. Their Accounting Services are:
 Accounting and Bookkeeping
 Statutory Reporting
 Payroll and Expense Claim Management Services
 Bank Account Reconciliation
  Corporate Tax Compliance
 TAXATION SERVICES
Tax arrangement is dynamic and complex as it changes with the change of authority. Its
complexity increases in the nation where there is tax at every level. Companies having
cross border transactions need effective planning to minimize tax costs. Tax liabilities can
be optimized by making effective structuring of business entities and revenue models. A
new enterprise will need a guidance to learn about the tax incentives, withholding tax and
transfer pricing formalities which is provided by the Tax professionals of Insplore
consultants Group. Their Professionals are well possessed with the analytical
understanding of taxation which will help the client in managing the Taxation regime of
his business. Their main services are:
 Corporate Income Tax Returns
 Vat Returns
 Indirect Tax
 Withholding Tax
 Tax Optimizations
 Transfer Pricing
 Tax Advisory in M&A, Cross Border Investment, Tax Disputes etc.

 TRAINING & DEVELOPMENT SERVICES

Effective training and development begin with the overall strategy and objectives of the
small business. The entire training process should be planned in advance with specific
company goals in mind. Insplore consultants helps in developing a training strategy,
which will be helpful to assess the company's customers and competitors, strengths and
weaknesses, and any relevant industry or societal trends. The next step is to use this
information to identify where training is needed by the organization as a whole or by
individual employees. It will help in conducting an internal audit to find general areas that
might benefit from training, or to complete a skills inventory to determine the types of
skills employees possess and the types they may need in the future. Each job within the
company should be delegated on a task-by- task basis in order to help determine the
content of the training program.
 RECRUITMENT SERVICES
Customized strategies are developed from a deep understanding and observation of
organization's culture and its business objectives. Expansion in new markets or
recruitment for that market can only be done after having the full-fledged knowledge of
recruitment, remuneration and retention strategies besides the understanding of regional
work culture. At Insplore consultants, you will find a network of efficient regional
consultants who will provide the pathway towards seamless recruitment services starting
from identifying potential clients to handling the immigration process, if required. Their
experts have the complete knowledge to provide valuable advisory in the following
matters:
 Candidate Search
 Profiling
 Interview Coordination
 Employment Contract
 Consulting Services
Asia is gaining importance as global economic engine and with the introduction of the
concept of International Business, every business in every country is trying to get
connected with each other despite of the regional differences. Insplore consultants have a
group of consultants which provides due diligence to the different businesses regarding
their critical business decisions such as M & A, Investment and expansion into the new
areas, etc. and they also help in identifying the new and effective sources of advantages
while avoiding risk. They mainly provide the following services:
 Corporate Development & Finance
 Investment
 People & Management
 New Market/Partner/Vendor Evaluation
 Operations
 Technology
 Grant Assistance (for Indian & Foreign companies)
 INSURANCE SERVICES
Different types of business have different types of risks. For adequate coverage,
regionally settled businesses need a thorough understanding of their market so that they
can identify the potential risk involved. Natural disasters, political uncertainties,
epidemics, terror threats, technological threats are adding to the risks posed by economic
instability and competition. Insplore consultants have the group of insurers who provide
the comprehensive coverage and detailed risk assessment to identify the gap. Their
insurers will also advise about the minimization of expenses on risk premium by
providing the services to reduce claims and they will help in gaining the understanding of
uninsured risks so that client can avoid them. Their main services in this sector are:
 Risk Assessment
 Coverage
 Risk Management
 Corporate Insurance - Property, Pecuniary, Liability and Group
 Political Risk
 Professional Insurance
 Financial Risk
 Trade and Credit Risk
 MUTUAL FUNDS
A mutual fund is a professionally-managed investment scheme, usually run by an asset
management company that brings together a group of people and invests their money in
stocks, bonds and other securities. As an investor, investors can buy mutual fund 'units',
which basically represent their share of holdings in a particular scheme. These units can
be purchased or redeemed as needed at the fund's current net asset value (NAV). These
NAVs keep fluctuating according to the fund's holdings. So, each investor participates
proportionally in the gain or loss of the fund. All the mutual funds are registered with
SEBI. They function within the provisions of strict regulation created to protect the
interests of the investor. The biggest advantage of investing through a mutual fund is that
it gives small investors access to professionally-managed, diversified portfolios of
equities, bonds and other securities, which would be quite difficult to create with a small
amount of capital. Insplore consultants will provide all the updates and services regarding
mutual funds so that you can choose from the best available option.
 RETIREMENT PLANNING
There are two components to retirement income planning: Personal Planning and
Financial Planning. Personal planning is important because it is the determining factor of
satisfaction with client retirement lifestyle. Financial planning is crucial because it
identifies sources of income and expenses and establishes client’s retirement budget,
based on their personal plan.
 PERSONAL PLANNING
All too often people entering retirement do not place enough emphasis on personal
planning to ensure they maximize their opportunities. So, Insplore consultants helps at an
 early stage in client’s planning process and gives time to think about the choices they
have, about how they would like to spend their time during retirement.

 FINANCIAL PLANNING
Insplore consultants provides all the answer to the questions client are having and help in
recalling that their income will likely come from three general sources:
 Government pensions
 Employment-related source
 Personal investments.
 WEALTH ADVISORY SERVICES
Wealth management as an investment-advisory discipline which incorporates financial
planning, investment portfolio management and a number of aggregated financial
services. High-net- worth individuals (HNWIs), small-business owners and families who
desire the assistance of a credentialed financial advisory specialist call upon wealth
managers to coordinate retail banking, estate planning, legal resources, tax professionals
and investment management. At Insplore consultants Group, they have the wealth
managers who have backgrounds as independent Chartered Financial Consultants,
Certified Financial Planners, Chartered Strategic Wealth Professionals, Chartered
Financial Planners or any credentialed (such as MBA) professional money managers who
will help to enhance the income, growth and tax-favoured treatment for long term. Private
wealth management is delivered to high-net- worth investors. They will also guide on the
use of various estate planning vehicles, business-succession or stock-option planning, and
the occasional use of hedging derivatives for large blocks of stock.
2.6 FUTURE OUTLOOK

INSPLORE CONSULTANTS PVT LTD INSPLORE is the choice of Multinationals and

leading Indian Businesses because it is the preferred talent acquisition partner for them.
INSPLORE Experts are helping the talent seeker and the Job Seeker to find each other: We
Inspire, You Explore. INSPLORE, as an expert in financial advisory, realise the need of
every customer who is looking for financial independence and help them to reach that level
of financial freedom. INSPLORE understand how the perception regarding the value of
money changes as per different individuals’ desires. INSPLORE extend a helping hand to
customers by assisting them in making crucial financial decisions and managing their wealth
effectively to ensure that our customers stay stress free and get rid of their financial worries.
INSPLORE believe in timely adaptation with the dynamic environment in order to deal with
any challenges ahead with utmost enthusiasm because we understand the importance of
taking the right action at the right time to cope with the dynamic environment.