Profugo Blogs

While we were still in the states, we had asked Jose to help us find us someone who could advice us on the incorporation needs for Profugo. He introduced us to Terrance D’Souza. Jose has previously worked with Terrance on a number of issues, trusts him and is of the opinion that that he is very meticulous. On the 12^th, we met Terrance at the Mount Carmel Management Institute where he teaches. Terrance worked for Pricewaterhouse Coopers prior to starting his own accounting practice. While at PWC he worked mostly on auditing contracts.

My impressions of Terrance were that he is a very simple and yet very knowledgeable person. He patiently listened to my description of Profugo’s core purpose and asked questions where there were gaps. He informed us that he was moving out of the audit business and was looking to pursue teaching full time. However, he also said that he would be available as a consultant. With regards to Profugo, we expressed interest in having him on the Indian board of directors. He said he would be interested, but would like to explore the organization further before making a final decision.

In terms of Profugo’s legal status in India, his advice is that a for-profit corporation would be best. This would allow for the greatest amount of flexibility. Incidentally in our discussions within the Profugo leadership team, this has been come up often. We suspected that the for-profit route would be best for us. It was good confirmation from Terrance regarding our thoughts.

I will be meeting Terrance again to work on the incorporation process.