This document provides an overview of the global testing, inspection, and certification market and ABC Corp, a company operating in this market. It finds that the global TIC market was worth $181 billion in 2019 and is expected to grow to $244.75 billion by 2024. ABC Corp is a global TIC services provider with over 100 offices in 50 countries. It operates in four major sectors and has three proposed office locations based on serving key market segments and surrounding production areas. The Indian TIC market is growing and presents opportunities but also competition from other major international players.

1. BUSINESS CASE STUDY
PREPARED BY SWAPNIL JADHAV

2. GLOBAL MARKET
 The Global Testing, Inspection & Certification (TIC) market was USD 181.11
Bn in Year 2019 and growing further*
 Expected to grow upto USD 244.75 Bn by year 2024*
 The Expected CAGR (Compound annual growth rate) of 4.9% for the period
(2020-2025)*
 Increasing Global Trade consistently expected to be

3. FUTURE SCOPE & DEVELOPMENT
 Innovation of New technology
 Changes in Government Policies
 Increasing Import and Export
 Stringent environmental norms
 Increasing Health Safety Measures

4. INDIAN MARKET
 Indian Market size is USD 500 Mn and Increasing day by day
 Addition of New sectors to the Scope
 Food and beverages
 Consumer electronics
 Agriculture, and
 Automotive (electrical vehicles) markets
 Construction & Technology

5. ABOUT COMPANY
 ABC Corp is a global service provider of inspection, testing, technical
assistance and digital solutions, aiming to ensure traceability, security and
conformity of certain goods across the public and private sectors.
 Currently operating in four Major Sectors like Agriculture, Food Safety,
Government and Trade Solutions, Minerals and Metals etc.
 ABC Corp having more than 100 offices across 50 countries and trusted
network of professionals and certified laboratories all around the world.

6. KEY MARKET SEGMENTS
10%
30%
10%10%
40%
Market Segments
Agriculture Commodities Mineral Commodities Consumer Products Food Testing Other Segments

7. ORGANIZATION STRUCTURE
Managing
Director
Operation
Manager
Asst Manager
Agriculture
Commodities
Lab
Technicians
Asst Manager
Mineral
Commodities
Lab
Technicians
Lab
Technicians
Asst Manager
Consumer
products
Lab
Technicians
Asst Manager
Food Testing
Lab
Technicians
Asst Manager
Other
Segments
Lab
Technicians
Lab
Technicians
Accounts &
Finance
Manager
Executive
Finance
Sales &
Marketing
Manager
Executive
Sales &
Marketing

8. LOCATION PLAN
Kolkata
Delhi
Mumba
i

9. LOCATION SELECTION CRITERIA
 Kolkata : The Mineral Commodities is a major business segment cover the 30% of
the share, Kolkata is surrounded by the states like Jharkhand, Andhra Pradesh,
Chhattisgarh, Odisha which are rich in production of minerals. Since considered the
location for set up of office and lab
 Delhi : The Delhi is surrounded by the states like Punjab, Haryana, Madhya pradesh
which are producing the maximum quantity of food Grains.
 Mumbai : This is centralized location and business hub, the other consumer
products can be tested at this centralised location. The location is well connected
with states like Goa which is again producing minerals which can be served from
Mumbai.

10. MAJOR COMPETITORS IN TCI BUSINESS
 Major Competitors in India
 SGS group (Switzerland),
 Bureau Veritas SA (France),
 Dekra Certification GmbH (Germany),
 Intertek Group plc. (U.K.),
 ALS Limited (Australia),
 ASTM International (U.S.),
 BSI Group (U.K.),
 SAI Global Limited (Australia),
 MISTRAS Group, Inc.(U.S.)

11. SWOT ANALYSIS
S
• Highly experienced Staff & Global access
• Growing Market
W
• High Capital Investment
• Creating Market at short time
O
• Indian Market is growing
• Stringent Environmental norms
T
• Entering New Players to the Industry
• Highly competitive market

12. REFERENCE
 https://www.marketwatch.com/press-release/tic-testing-inspection-and-certification-market-2019-global-size-
trends-share-segments-analytical-overview-by-swot-analysis-industry-challenges-business-growth-and-
forecast-till-2023-2019-11-15?mod=mw_quote_news
 Ministry of Mines/ Annual Report 2018-19