Third Party Risk Assessment & Audit Services in India
Every day, your vendors, SaaS platforms, payment partners, and outsourced tech teams work with your most important data. If one of these partners has a breach or fails a compliance check, your organisation faces the regulatory penalties, business disruptions, and damage to your reputation.
Under Indian law, outsourcing an operational function does not outsource regulatory accountability.
Third-Party Risk Management (TPRM) means carefully checking, managing, and tracking the risks that come from your supply chain. Aanetic helps Indian businesses move away from basic, self-reported questionnaires to a TPRM framework that is backed by real evidence and ready for audits. This covers information security, privacy laws, and keeping your operations resilient.
Criticality & data access tiering
Questionnaires & security evidence
Corrective actions & safeguards
Periodic audits & change alerts
Trusted across Indian statutory regulations & global vendor assurance standards.
Why Vendor Risk Is a Board-Level Issue in India
Today, Indian organizations rely on cloud platforms, managed service providers, API partners, and offshore support teams. Every new connection increases your risk and adds to your compliance responsibilities.
Unverified Security Controls
Vendors with access to personal or financial data but no verified security controls.
Incomplete Inventories & Tiering
Incomplete vendor inventories and no clear risk tiering across suppliers.
Unsubstantiated Questionnaires
Questionnaires answered on trust, with no supporting evidence.
Weak Contractual Safeguards
Weak contract clauses on breach notification, audit rights and data return.
Zero Post-Onboarding Monitoring
No monitoring after onboarding to catch configuration drift or security incidents.
Unmapped 4th-Party Dependencies
Fourth-party dependencies nobody has mapped across your digital supply chain.
In India's regulatory landscape, outsourcing a function does not entail outsourcing accountability.
Regulatory Drivers Behind Third Party Risk Management
Regulators in India now expect organizations to manage their vendors closely. A TPRM program helps you show that you are meeting these requirements:
Digital Personal Data Protection Act, 2023
A Data Fiduciary stays responsible for personal data processed on its behalf by a Data Processor. Therefore, vendor privacy controls and data-handling practices need to be verifiable.
RBI Guidelines on Outsourcing
Including the Master Direction on Outsourcing of Information Technology Services, for banks, NBFCs and other regulated entities.
SEBI CSCRF
Covers supply chain and third-party risk for regulated entities across the capital markets ecosystem.
IRDAI Information & Cyber Security Guidelines
Apply to insurers and intermediaries, mandating rigorous supplier security oversight and resilience.
CERT-In Incident Directions
Include incident reporting timelines that your vendors must be able to support within mandatory statutory windows.
ISO/IEC 27001 & SOC 2 Expectations
Increasingly requested by enterprise customers and global buyers during their own third-party vendor reviews.
What Our Third-Party Risk Management Assessment Covers
We customize each project to fit your specific vendors and regulatory needs. Our typical assessment covers:
Governance and Inventory
- Vendor identification, classification and criticality tiering
- Review of your TPRM policy, roles and escalation paths
Information Security Controls
- Access management, encryption, logging and vulnerability management
- Secure development, change management and endpoint controls
- Incident response and breach notification readiness
Privacy and Data Protection Assessment
- Personal data governance and data flow mapping
- Consent, retention, deletion and cross-border transfer practices
- Alignment of vendor privacy controls with DPDP Act obligations
Resilience and Continuity
- Business continuity and disaster recovery capability
- Concentration risk and exit or substitution planning
- Fourth-party and subcontractor exposure
Contractual and Legal Safeguards
- Security and privacy clauses, SLAs, right-to-audit and liability terms
Our Approach: From Vendor Inventory to Continuous Monitoring
A structured 5-step lifecycle ensuring complete visibility, verified evidence, and ongoing regulatory readiness across all vendor relationships.
Scope and Tier
We build or validate your vendor inventory and rank vendors by data sensitivity, access level and business criticality.
Scope and Tier
We build or validate your vendor inventory and rank vendors by data sensitivity, access level and business criticality.
Assess
We run risk-based assessments using evidence of review, control testing and, where needed, on-site or virtual validation. We do not rely on self-declared answers alone.
Assess
We run risk-based assessments using evidence of review, control testing and, where needed, on-site or virtual validation. We do not rely on self-declared answers alone.
Analyze and Score
We give each vendor a clear risk rating, with gaps mapped to the relevant regulation or framework.
Analyze and Score
We give each vendor a clear risk rating, with gaps mapped to the relevant regulation or framework.
Remediate
We prioritize findings and provide practical recommendations your teams and vendors can act on.
Remediate
We prioritize findings and provide practical recommendations your teams and vendors can act on.
Monitor
We help you set up ongoing reviews, reassessment cycles and triggers for re-evaluation, such as incidents, contract changes or new data flows.
Monitor
We help you set up ongoing reviews, reassessment cycles and triggers for re-evaluation, such as incidents, contract changes or new data flows.
What You Receive
Every Aanetic TPRM engagement delivers audit-ready documentation and actionable roadmaps accepted by Indian regulators and global enterprise clients:
Vendor Risk Register & Tiering
Vendor risk register with tiering and risk scores.
Critical Vendor Assessment Reports
Detailed assessment reports for critical vendors.
Regulatory Gap Analysis
Gap analysis against applicable regulatory and framework requirements.
Prioritized Remediation Roadmap
Prioritized remediation roadmap with practical, actionable recommendations.
Executive & Board Summary
Executive summary for leadership and the board.
Audit-Ready Documentation
Audit-ready documentation for regulators, customers and internal audit.
Who Needs This Assessment?
From regulated financial institutions to rapid-scale tech companies, our vendor risk assessments protect organizations where external dependencies touch critical data.
BFSI & Fintechs
Managing outsourced core platforms, payment switches, KYC aggregators, and credit-decision engines subject to RBI/SEBI scrutiny.
Healthcare & Insurtech
Sharing electronic health records (EHR) and sensitive personal data across testing laboratories, TPA networks, and cloud providers.
SaaS & Technology Providers
Requiring defensible security credentials to pass rigorous customer security reviews and international vendor risk audits.
Enterprises Subject to DPDP Act
Needing to formally confirm that external Data Processors do not compromise Data Fiduciary obligations.
Incident-Impacted Organizations
Companies responding to a recent third-party vulnerability or preparing regulatory remediation.
Who Should Consider a Vendor Risk Assessment
Why Organizations Choose Aanetic for TPRM Audit
Ground-Truth Regulatory Expertise
We tailor audits precisely to Indian statutory requirements (DPDP Act, RBI Outsourcing Directions, SEBI CSCRF, CERT-In) alongside global standards (ISO 27001, SOC 2).
Evidence Over Attestation
We do not sign off on questionnaire checkboxes: operational proof, system configurations, and independent validation back every high-risk control.
Commercial Pragmatism
Our remediation roadmaps prioritize what matters most, helping you balance enterprise security with operational and commercial relationships.
Strengthen Your Third-Party Risk Management Program with Aanetic
Your security posture is only as strong as your weakest vendor. A structured third-party risk management program gives you visibility, evidence for regulators and customers, and confidence in the partners you depend on.
“Speak with Aanetic's audit specialists to scope a vendor risk assessment for your organization.”
Aanetic TPRM & Assurance Practice
Certified Lead Auditors (CISA, CISSP, ISO 27001, DPDP Assessors)