Service Offering
MYND delivers comprehensive vendor compliance management across your factories, project sites, and offices. From contractor verification and statutory payments to record maintenance and third-party audits, every detail is handled with precision. Our service also covers contract labor compliance, regulatory change management, and employee benefits coordination— reducing your in house burden while ensuring vendors stay fully compliant.
Eliminate vendor non-compliance stress with a streamlined vendor audit process that simplifies contractor compliance workflows right from tracking updates to execution and reporting, so that you can freely focus on core business goals.
Navigate complexity easily with compliance plans tailored by industry experts to match your business and regulatory environment.
Stay ahead of current and future non-compliance risks. We continuously track all regulatory changes, keeping our team up-to-date and conducting periodic audits, ensuring that vendors are compliant with the latest rules and regulations.
Ease your in-house burden with our cross-functional team of subject matter experts who possess an intricate knowledge of Principal Employer and Contractor compliances and have a proven track record of excellence.
Reduce manual effort, improve accuracy, and identify potential risks to Principal Employers with automated periodic vendor audits. Get real-time analytics dashboards for minute visibility into your vendor compliances.
Never get caught off guard; quickly retrieve documents during inspections with digital storage of documents and statutory records such as licenses, returns, and audit reports.
Be proactive. We help you identify compliance gaps through detailed risk assessments and recommend tailored process improvement plans. In cases of non-compliance, corrective action plans to mitigate risks are implemented.
Benefits
Benefits for You
Minimize regulatory risks and avoid legal penalties
Simplify audits with centralized documentation and real-time compliance status
Stay updated on regulatory changes with automated tracking
Ensure faster, accurate reporting for statutory filings
Accelerate vendor onboarding with built-in compliance checks
Maintain complete visibility into vendor compliance status
Reduce admin workload through automated workflows
Strengthen vendor relationships through transparent processes
Mitigate organizational risk with end-to-end compliance oversight
Drive operational efficiency and cost savings
Enhance brand reputation through ethical vendor governance
Leverage data-driven insights for better decision-making
The MYND Advantage
We handle every aspect of compliance, from licensing and registrations to audits and reporting.
Our deep domain knowledge ensures that every requirement under laws such as the CLRA Act, Minimum Wages Act, and Acts governing statutory contributions compliances is meticulously addressed.
Our proprietary tools and platforms simplify compliance management:
We understand that compliance needs vary across industries and states. Our solutions are customized to meet your requirements, ensuring localized compliance while maintaining national standards.
For a portfolio of clients across sectors, MYND has consistently delivered measurable results, including reduced compliance risks, seamless audit processes, and improved operational efficiency.
It’s Easy to Stay Compliant with Us
04 Steps to Ensure 100% Compliance
Ready to Bulletproof Your Vendor Compliance?
01
We Play by Your Rulebook
Whether you’re managing 20 suppliers or 2,000, across one location or ten, we map your risk zones and understand your regulatory landscape to craft a customised framework that mirrors your internal policies and aligns with your industry regulations and sector-specific guidelines.
02
Integration is Seamless
We integrate with your existing systems (ERP, procurement, etc.) seamlessly. Smooth onboarding and comprehensive document collection ensure you and your vendors meet compliance standards from Day One.
03
We Monitor, Continuously
Think of us as your compliance command center. From ongoing document checks to risk scoring and compliance audits, we stay on top of everything. You get real-time dashboards, automated alerts, and custom reports—so you’re always informed without digging for data.
04
We Review and Refine
Compliance isn’t static—and neither are we. As regulations evolve and business landscapes shift, we update processes. Regular review sessions, KPI tracking, and continuous improvements ensure your compliance stays bulletproof.
FAQs
Your Questions, Answered
Vendor compliance pertains to the adherence of contractors to relevant labor laws and regulatory standards. Vendor compliance audits ensure that vendors fulfill the legal obligations concerning quality, safety, and ethical practices. Effective vendor compliance enables organizations to maintain operational integrity, mitigate risks, and avoid potential penalties imposed on the Principal Employer.
Vendor audits are essential for many essential requirements such as:
Internal audits are conducted by an organization’s internal audit team to assess process effectiveness, uncover inefficiencies, and identify risks. Third-Party Audits are more effective for risk mitigation as they provide an unbiased assessment of a vendor’s compliance with regulations.
Our vendor compliance services include:
Yes, we offer a customizable compliance checklist tailored to your organization’s specific requirements and industry standards.
Absolutely! We follow strict data privacy and security protocols, including:
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Saurav Wadhwa is the Co-founder and CEO of MYND Integrated Solutions. Saurav spearheads the company’s strategic vision—identifying new market opportunities, unfolding product and service catalogues, and driving business expansion across multiple geographies and functions. Saurav brings expertise in business process enablement and is a seasoned expert with over two decades of experience establishing and scaling Shared Services, Process Transformation, and Automation.
Saurav’s leadership and strategy expertise are backed by extensive hands-on involvement in Finance and HR Automation, People and Business Management and Client Relationship Management. Over his career, he has played a pivotal role in accelerating the growth of more than 800 businesses across diverse industries, leveraging innovative automation solutions to streamline operations and reduce costs.
Before becoming CEO, Saurav spent nearly a decade at MYND focusing on finance and accounting outsourcing. His background includes proficiency in major ERP systems like SAP, Oracle, and Great Plains, and he has a proven track record of optimizing global finance operations for domestic and multinational corporations.
Under Saurav’s leadership, MYND Integrated Solutions maintains a forward-thinking culture—prioritizing continuous learning, fostering ethical practices, and embracing next-generation technologies such as RPA and AI-driven analytics. He is committed to strategic partnerships, long-term business development, and stakeholder transparency, ensuring that MYND remains at the forefront of the BPM industry.
A firm believer that “Leadership and Learning are indispensable to each other,” Saurav consistently seeks new ways to evolve MYND’s capabilities and empower clients with best-in-class business process solutions.
Vivek is the founder of MYND Integrated Solutions. He is a successful entrepreneur with a strong background in Accounts and Finance. An alumnus of Modern School and Delhi University, Vivek has also undertaken prestigious courses on accountancy with Becker and Business 360 management course with Columbia Business School, US.
Vivek is currently the Founder & Group MD of MYND Integrated Solutions. With over 22 years of experience setting up shared service centres and serving leading companies in the Manufacturing, Services, Retail and Telecom industries, his strong industry focus and client relationships have quickly enabled MYND to build credibility with 500+ clients. MYND has developed a niche in Shared services in India’s Finance and Accounting (FAO) and Human Resources (HR). MYND has also taken Solutions and services to the international space, offering multi-country services on a single platform under his leadership. Vivek has been instrumental in fostering mutually beneficial partnerships with global service providers, immensely benefiting MYND.
Mynd also forayed into a niche Fintech space with the setup of the M1xchange under the auspices of the RBI licence granted to only 3 companies across India. The exchange is changing the traditional field of bill discounting by bringing the entire process online along with the participation of banks through online auctioning.
Sundeep initiated Mynd with a small team of just five people in 2002 and has been instrumental in steering it to evolve into a knowledge management company. He has brought about substantial improvements in growth, profitability, and performance, which has helped Mynd achieve remarkable customer, employee and stakeholder satisfaction. He has been involved in creating specialized service delivery models suitable for diverse client needs and has always created a new benchmark for Mynd and its team. Under his leadership, Mynd has developed niche products and implemented them on an all India scale for superior services. Mynd has been servicing a large number of multinational companies in India through its on-shore and off-shore model.
TReDS (Trade Receivable Discounting System) has been nurtured from a concept stage by Sundeep and the Mynd team. M1xchange, Mynd Online National Exchange for Receivables was successfully launched on April 7th, 2017. While spearheading the project, Sundeep and his team have built up the TReDS platform to meet RBI guidelines and enhance the transparency for all stakeholders. This platform and related service has the capability of transforming the way the receivable finance and other supply chain finance solutions are operating currently.
Sundeep is currently focused on providing strategic direction to the company and is working towards achieving high growth for Mynd, which will help in creating the products as per customer needs and increase its top line while maintaining the bottom line. He directly involves, develops, nurtures and manages all key client relationships of Mynd. He has also successfully acquired numerous preferred partners to support Mynd’s technology-based endeavors and scale up its business.
Sundeep has been the on the Board of Directors for many renowned companies. He has played a key role in planning the entry strategy and has set up subsidiaries for many multinational companies in India. In his leadership, Mynd has seen consistent growth at the rate of 20+ % CAGR from the year 2009 onwards. This was primarily because of investing into technology and bringing platform based offering in Accounting and HR domain for the customers.
