BrowserStack Begins Process To Redomicile Its Holding Entity To India: Report BrowserStack Begins Process To Redomicile Its Holding Entity To India: Report

The flipback process of BrowserStack’s holding entity can take nearly eight months if the regulatory procedure runs smoothly

Notably, the Indian subsidiary BrowserStack Software Private Limited is based out of Mumbai

Founded in 2011 by Arora and Nakul Aggarwal, BrowserStack offers a platform for software testing across various devices and browsers

SaaS unicorn BrowserStack has reportedly started the process of redomiciling its holding entity from Ireland to India.

As per The Arc’s report, citing sources, the company’s flipback process can take nearly eight months if the regulatory procedure runs smoothly. However, in case of any issues flagged by the Securities Exchange Board of India (SEBI), the Reserve Bank of India (RBI) or the antitrust body CCI, the process can take up to a year. 

To move back its domicile to India, BrowserStack would require to pay tax to Ireland’s Companies Registration Office. 

Notably, the Indian subsidiary BrowserStack Software Private Limited is based out of Mumbai. 

Founded in 2011 by Arora and Nakul Aggarwal, BrowserStack offers a platform for software testing across various devices and browsers. The company claims to be profitable since its inception and has more than 15 products in its portfolio, 10 of which have been launched in the past 18 months.

(The story will be updated soon)