Annual turnover of customer: USD 10.0 million
Annual group turnover: Over USD 400.0 million
Facility Arranged: USD 2.6 million
The Company listed on Indian stock exchanges with over 3000 employees provides Geographic Information System (GIS) solutions & services to customers in India, North America, Europe, Australia and Middle-East and has executed projects in over 40 countries.
The Middle Eastern subsidiary of the company won an IT project from the Department of Municipal Affairs, Abu Dhabi and was required to provide a performance bank guarantee issued by a Middle-East domiciled bank in a short span of time. The group did not have any existing relationship with any Middle East domiciled bank.
Interlinkages Consultancy Limited (ICL) was exclusively mandated to arrange a performance guarantee issuance from a Middle-East bank. An Indian bank agreed to provide a counter guarantee.
ICL was successful in:
Result
Company X was able to provide the performance guarantee well within the deadline and at approx. 25% lower pricing compared to the expected/ targeted cost.
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