TSC India Ltd IPO

The Company operations requires significant amount of working capital for a continuing growth. Its inability to meet its working capital requirements may adversely affect the company results of operations.

Its business is significantly dependent on the global travel and tourism industry, and adverse developments in this industry could materially affect the company operations, financial performance, and growth prospects.

Its offices, including the company Registered Office and Branch Offices, are located on leased premises, and any disruption in these lease arrangements could adversely affect its business, operations, and financial performance.

Its business relies on a limited number of suppliers, and any adverse changes in these relationships or the company inability to establish new ones could negatively impact its operations and financial performance.

Its suppliers may modify the terms of the company arrangements, including reducing or eliminating commissions, incentives, or other compensation payable to it, which could adversely affect the company business, financial condition, and results of operations.

If the company experience a cyber security breach or other security incident or unauthorized parties otherwise obtain access to its Suppliers, Buyers or end travelers' data or our data, our platform and products may be perceived as not being secure, the company reputation may be harmed, demand for its platform and products may reduce and the company may incur significant liabilities.

Certain unsecured loans availed by its may be recalled by lenders, which could adversely affect the company financial condition and cash flows.

The company relies on third-party web-hosting providers, and any disruption, technical issues, or failures on their part could adversely affect its platform's performance, user experience, and business operations.

The Company has delayed in complying with certain statutory provisions under various laws. Such delayed compliance /lapses may attract certain penalties.

Pending adjudication of penalty for delay in filing Form CFS AOC-4 may adversely affect its financial condition and reputation.