Building a Semiconductor Training Foundation in India
Background
India’s demand for semiconductors is soaring, but the supply of trained professionals hasn’t kept pace. To fill that gap, a California-based semiconductor leader, formerly the CEO of Sankalp Semiconductor launched Company, a not-for-profit focused on training students in this high-demand field.
The idea was clear: build a talent pipeline that could strengthen India’s role in the global chip industry. But setting up such an initiative in India meant dealing with structures, paperwork, and compliance before any training could begin.
The Challenge
Starting a not-for-profit is never just about good intentions.
- The structure had to be legally sound and aligned with Indian regulations.
- International funding needed clear, compliant channels to move into India.
- Tax and regulatory filings had to be handled right from day one.
- And all this had to be set up without slowing down the actual mission of training students.
The promoters wanted to focus on building programs, not on running between accountants and regulators.
Mantraa’s Role
- Helped set up the right not-for-profit structure in India so the initiative had a strong base.
- Put day-to-day financial operations in place, from accounting systems to transparent reporting.
- Took charge of tax and compliance filings, turning what could have been roadblocks into routine processes.
- Created clear, regulator-approved paths for cross-border fund transfers so money moved where it was needed without getting stuck.
- Continued as CFO partners, giving ongoing guidance to keep the initiative stable and future ready.
The Impact
The difference was immediate. The not-for-profit structure was up and running. Accounts and filings were in order. Cross-border funding flowed smoothly.
Most importantly, the promoters could get back to what they wanted to do in the first place: mentor students, design training programs, and build partnerships for India’s semiconductor talent pipeline. With finance and compliance handled, the mission could move forward without distraction.
Key Takeaway
Looking Ahead
Company continues to expand its programs, supported by Mantraa on accounts, compliance, and strategy. The financial side stays steady while the promoters put their energy into scaling the mission.
