There are a lot of dataroom service providers in the market but have you ever wondered where all of them are based? Most probably, not in India.
And that's absolutely fine unless one of your deal requirements is using a dataroom built and based in India which is usually the case when looking for a dataroom to work with a government agency.

FirmsData is one such virtual data room provider with flawless client-compliant services. 

The demand for virtual data rooms has risen since investment bankers and others noticed that their businesses have declined due to old-fashioned pen & paper systems. It became the need of the hour to handle the transactions more efficiently. Fortunately, the adoption was slow but surely took off in the M&A Community. Since then, we have noticed a steady growth in various transactions through virtual data rooms in India.

The use of virtual data rooms in India has become a standard rather than an exemption, demonstrating the move-in disposition by each member in the due diligence process. In the good old days, we had to constantly push the reasons why a Virtual Data Room is better than using a Physical Data Room. Today the advisors and the customers are very much aware of the advantages since they have been presented with our technology and its advantages in past deals that they have been a part of. Some of the components which have made a VDR provider like us a preferred virtual data room for the Indian market are:

Importance of Virtual DataRooms in India

1. Services of Virtual Data Rooms in India: India is a service-driven market. Virtual data room providers in India must provide services that make the work easier and quicker for their users. The virtual data room provider’s main task is to arrange and manage the data room to make the deal process efficient.

FirmsData takes over the responsibility of our clients for index creation, document format preparation, uploading, sending invitations to other users, and making sure that each user can get access to the data room, especially those who got restricted due to some issues. We save time for our clients, and that makes them become our lifelong customers. Providing add-on facilities with no extra cost is a bonus.

2. Document Quantity: Estimating the size of the data that you would need to upload to the dataroom sometimes becomes a challenge. FirmsData is your best bet in such cases as we understand this and offer our Indian clients a flat-price structure to work with.

3. Importance of being Local: It is but-natural that working with a local VDR provider gives you an edge especially when it comes to getting support. While we do offer 24/7 support to serve our global clients, knowing the requirements or, say, the way the local community works makes it much easier for a local provider like us to surpass clients’ expectations. It allows us to offer advice on how to structure a client’s data & physically receive the data so that the client does not need to do the work and consequently run the data room for each client.
Ever requested your dataroom provider to send a data archive in a day and got refused? FirmsData would make sure that you get your data archive on demand without any nagging.

4. Language of virtual data rooms in India: Corporates in India are mostly working with clients overseas and our data rooms have the option to set the language according to the comfort of the clients. We have made the VDRs by keeping in view the necessity of the multiple languages that are being used worldwide. The primary language will always be English, but the clients have the option to change the language, majorly in the case of Chinese and Spanish people.

5. Data Privacy: What matters for any company is the privacy of its sensitive & confidential data. If you are sharing something on the internet, then it’s a need to ensure the security of your data. The servers of FirmsData are with AWS and are proudly based in India with all the required compliance and security certifications.
Did you ever have a deal where the serves are required to be local? Well, FirmsData is the solution!

We are optimistic about the outlook of the Indian market. We made our services more client compliant and worked according to their needs which will prove to be helpful in their business development procedure. Our data room proves to be the optimal virtual data room for the Indian market in 2022.

Start Virtual Data Room trial without credit card & enjoy FirmsData VDR features