t was on 11th November 1999, when Baldev Raj Sachdeva, a member - PHD Chamber of Commerce & Industries - New Delhi and a representative of the Expert Committee on Corporate Laws, Law & Justice, and Capital Market of the Chamber decided to assemble a team of qualified professionals to do a corporate compliances on all sphere of business by starting a one-stop-shop legal compliance solution firm called Lexmark Corporate Services (Formerly known as- B.Raj Corporate Services(P) Ltd.)
Amidst the globalization that had impacted the market during this particular phase, most of the companies were on a lookout for a professional legal service provider on the go. And, majority of corporate believed in outsourcing various legal and business functions, as this helped them focus on their core operations thereby increasing the overall efficiency of the business.
Building Long lasting Relationship with the Clients
Lexmark with over two decades of its presence in the corporate services has been part of many companies successful journey and has catered services to various domestic, MNCs and Joint Venture companies. Going beyond the satisfactory level, their quality and prompt service has been appreciated by companies across industries, whereby they have 100 percent client retention rate. In fact, their first engagement contract with an MNC JV company still continues to this day. "Almost all the clients that come to us are on a referral basis. Before accepting the assignment, we assess the client’s needs and fix their scope of work, various available options, and finalize professional fee accordingly. This paves a way to clarity of delivery and financial costs, therefore,
resulting in client’s retention,” asserts B. Raj.
Lexmark Corporate Services follows a high level of integrity policy that gives the clients a total confidence while dealing with them in fair terms
Today, the company offers an array of services in the legal solutions space. Right from incorporation of a new company under the Companies Act – 1956/2013, to handling FDI/RBI related compliances, maintenance of finance and accounting functions along with Tax as contemplated under the Companies Act read with Income- Tax, Service Tax, Excise and Customs Act, including filling the client’s periodical due returns and attending the queries, inspections if any received from the Govt., and provides HR resources falling under compliances of about 20 industrial laws such as - Factories Act, PF, ESI, Bonus, Gratuity and takes care of the entire Payroll Management Services.
In addition to this, the company follows a high level of integrity policy that gives the clients a total confidence while dealing with them in fair terms. Vikas C. Gupta, Senior Consultant, Lexmark Corporate Services, adds “Our clients can totally relax and manage their day to day activity of the business because the entire burden related to compliance is taken care by us. In fact, we insist our clients to just concentrate on the ‘earning’ or ‘revenue’ factor and leave the rest to us, and we will take due care of compliances.”
Based in New Delhi, Lexmark has expanded the area of operations in highest corporate population region - Delhi NCR, covering Delhi, Gurgaon, Noida, and Faridabad. Since inception they have had a steady growth, that is, 20 percent YoY revenue generation. Also, in the last couple of years, the company has received an ISO Certification, as a testimony of delivering quality services. Finally, concluding the roadmap ahead of Lexmark, B. Raj concludes, “We have been serving the corporate companies for a very long time now and we have plans to serve the Govt companies/PSUs & Govt Sector organisation as well in the coming years. Moreover, we will always remain omnipresent in the legal compliance space.”