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Ask Sandeep Mahajan for Advice
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Sandeep Mahajan

Sandeep Mahajan

Co-Founder, Impinge Solutions

Addressing risks

The topmost risk has been our dependence on US market. We get affected by the ups and downs in US economy. We are trying to break into markets in Europe, Australia and the Gulf so as to reduce the risk involved.The second big risk we are facing is the policy of Indian Government which has no vision for small scale IT companies in India. We have been slapped with a 33% Income Tax following the sunset clause of Software Technology Parks of India and the scheme ended in April 2011. Whereas in countries like Indonesia, Vietnam, Bangladesh and even China EOUs are given subsidies in India, sadly the little the government did for small scale IT companies stands withdrawn.