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22 Annual Report 2020-21
nd

Key Risks and How We Mitigate Them

ECONOMIC RISK BUSINESS ACQUISITION & HUMAN RESOURCES
REVENUE FLOW

• Demand for our services is mainly • Acquisition depends on several • People are our company’s most
Capex based. Sectors in which factors external to TCE like important resource; hence ensuring
our clients operate may get economic trends, risks like their safety and well-being is our
impacted by economic downturns, Pandemic cycles, government main priority.
reductions in government or policy, market conditions, etc. • During times of reduced business,
private spending, political and • Delays or reduction in new orders the challenge would be to
KEY RISK AREAS • Uncertain global economic and • affects the targeted revenues. effectively train resources in
economic uncertainty, etc.
required skill sets and utilise the
Revenue generation could also be
available workforce profitably.
political conditions on account of
negatively impacted due to internal
Pandemic may negatively impact
the ability and willingness of
inadequate planning, etc.
our clients to announce or fund issues like lack of matching skill sets,
projects, pay our invoices in time.
• Varying degree of likely growth
forecasts across countries, regions,
etc.

• TCE has multiple Business Units (BU) • Identify new sectors / areas / • Developing specific learning and
across sectors, making it immune to adjacencies of growth re-skilling programs.
the downturn in any single industry • Develop new key accounts & enter • Better and flexible workforce
and also enable us to capture new new areas through partnerships, • planning practices
MITIGATION STRATEGIES • • Diversify business across sub- • Build customer connections & practices.
opportunities which can come up
etc.
Enhancing employee engagement
during the Pandemic.
deepen the relationship, especially
sectors, geographies, Opex vs
with key accounts.
Capex, look for adjacencies, etc.
Ensure rigorous but flexible project
•
Proper due diligence of clients,
risk management.
projects to ensure at bid time that
viability, funding tie-up etc. are in
place.

AREAS IMPACTED • Ability to generate new business, • Reduced revenues and profits. • • • Reduction in revenue and profits.
generate revenue out of existing
•
Employee morale affected.
Quality of deliverables affected.
business as well as make collections
for current and past dues.
Negative impact on the Brand
value.

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