In the initial plan, we envisioned Sub-District, District, and State Franchisees as Public Limited Companies. However, after gathering input from various financial and legal experts, we refined the plan outlined in the Project Report provided below. This involves a Public Limited Company serving as the Holding Company, with a minority shareholding by the Foundation. Customers will hold the majority of shares, and major decisions will be influenced and approved by them. Another Public Limited Company, also with a minority shareholding by the Foundation, will be responsible for overseeing Sales across Pin Codes, Sub-Districts, Districts, and the entire State as Units. In this, the Staff will be the major shareholders. Both the aforementioned Companies will have cross-holding of shares for resilience, ease of operation, governance, and audit reporting. Nevertheless, the three-tiered vetting process for Vendors, Products, Services, License, Compliance Documents etc., as specified in the Software Requirement Specification, will remain in place. The only change is that now these three levels will be managed by distinct teams of coordinators at the Sub-District, District, and State levels.
