The labor movement has a long history of lobbying for laws that guarantee a fair and safe working environment for employers and employees alike.Labor and employment laws give structure to organizations and guidance to business owners. However, even today, most companies struggle to enforce labor laws, to protect worker's rights and safety, and increase worker’s bargaining power. VPD Consultants Pvt. Ltd., incorporated in 1987, is one such organization that helps companies to render economic and social justice to workers across various industries. Vivek N. Mangaonkar, CEO, VPD, has been in this sector since 1978. Today, the company offers services related to Employees’ Provident Fund, Employees’ State Insurance and others labor enactments, with being pioneers in Retiral Trust Management.
“In pre-liberalization era, all the statutory compliances were manual and SME’s didn’t have expertise in this sector. On the other hand, the established players had their own HR setup (formally Personnel Dept). This gap between the established companies and SMEs is what triggered the inception of VPD,” says Vivek.Being the first private limited company, the firm has emerged as the flag bearer in the labor law consultancy sector.According to Vivek, the company prides itself in being the first to go electronic and provide computerized returns to the Authorities in 1987.
There has been no looking back since as VPD emerged as one of the most reliable and reputed labor law consultancy firms. The organization endeavors to provide professional services to clients enabling them to achieve scale by cost minimization.A team of highly competent, dedicated professionals and qualified associates having rich and varied experience in the field makes VPD the ultimate player in the sector.“Our team’s immense knowledge and experience in terms of laws make us stand at the top. To highlight the fact, Vivek quotes that, “in association with Adarsh Hitvardhak Mahila Mandal, NGO, in the year 1999, VPD obtained permission to enhance women employment in night shifts at SPEEZ. Furthermore, VPD played a pivotal role in overturning the EPFO Circular regarding PF Contribution on Leave encashment and later the Bombay High Court passed a judgement in favor of the client stating that no PF contribution is payable on Leave encashment. VPD has also been a forerunner in obtaining PF Trust exemptions for its clients from the Indian judiciary.”
A team of highly competent, proficient and dedicated professionals and qualified associates having rich and varied experience in the field makes VPD the ultimate player in the sector
Having started from a single client, today, this dynamic organization handles more than 450 clients and has a turnover of over 10 cores. Headquartered in Mumbai, the firm is all set to explore the market more and spread its wings to different sectors. In spite of various MNCs and CA’s flooding the market, VPD has been able to sustain& grow in this highly competitive market. According to Vivek, major insurance and foreign banks are associated with VPD. “Going ahead, we plan toundertake payroll & other supplementary HR and accounting activities,” he concludes. With strong domain knowledge, the legal assistance provided and apt interpretation of the labor laws the firm is on its way to a brighter future.