VRIDDHI is one of the most experienced players in all facets of the human resources business. VRIDDHI HR has created a reputation for maintaining compliance with multiple labor laws through a detailed audit process. This process covers the statutory aspects to determine whether the required compliance regarding remittances, filing of challans, submission of returns, and maintenance of records (as applicable under various labor laws/statutes) is being done properly, which is mandatory in relation to both its employees and partner clients. By emphasizing Statutory Management and Compliance practices, we have developed a sophisticated and proven model designed to meet the diverse needs of our clients across all major cities in India.

Statutory compliance refers to a company’s adherence to the laws, regulations, and guidelines set by the government that apply to its business operations, particularly in areas such as labor laws, taxation, health and safety, and environmental regulations. Ensuring statutory compliance is critical for businesses to avoid legal penalties, financial liabilities, and reputational damage. In a highly regulated environment, staying compliant requires companies to keep up to date with changing regulations and seamlessly integrate them into their operational processes.

For organizations, statutory compliance primarily involves adhering to labor laws, such as timely payment of wages, providing social security benefits, ensuring workplace safety, and maintaining proper employee records. Businesses must also comply with tax regulations, such as income tax, Goods and Services Tax (GST), and other local levies. Failure to comply with these laws can result in fines, penalties, and legal actions that may disrupt operations and harm a company’s growth prospects.