Partnerships - Subsidiaries
A PeopleFirst subsidiary office reports in to the country that sets up the
subsidiary. In case of a subsidiary office setup by PeopleFirst India, the
subsidiary will report directly to the corporate office for PeopleFirst India.
The following are the first level conditions to set up a PeopleFirst
Subsidiary:
- There should be a cultural fit between the Promoters of the
Subsidiary company and the PeopleFirst group - The Promoters of the Subsidiary company should have a good
track record of corporate exposure. At least one of the
Director/Promoter of the Subsidiary company should have worked
in the corporate sector with a distinguished track record - The Promoter of the Subsidiary company should be able to
demonstrate the ability to make a minimum investment of USD
250,000 and the expertise and the vision to grow the business in
the market allocated to the Subsidiary company - The Subsidiary company should have an office of their own
(leased or owned) and the office area should be a minimum of
2,000 sq feet - The Subsidiary company will pay an initial license fee to
PeopleFirst India to use the PeopleFirst brand name and for it to
be entitled to all the IPR, Learning resources, business tools and
models as well as software from PeopleFirst India - The Subsidiary company will pay a monthly royalty calculated as a
minimum percentage of the monthly earnings or a fixed amount
(calculated based on location of the Subsidiary company)
whichever is higher
Meeting the above conditions does not automatically guarantee an
approval to set up a PeopleFirst Subsidiary company. The PeopleFirst
India corporate office reserves the right to approve a Subsidiary company
to a person/entity of their choice.
Refer Global Presence for a list of Subsidiary company locations.
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