Flying on validation of foreign license

[Schumi - Red Baron]

(vii) The flight crew, to be appointed as Co-pilot on fixed wing aircraft, shall have a valid Professional Pilot’s Licence with
a) Minimum 100 hours on type as P2, or
b) Minimum 500 hours total on multi-engine, or
c) Minimum 1000 hours total flying experience with type of aircraft endorsed.

And the company gets the FATA for the pilot not the candidate...

Here's the DGCA legal (PDF) FATA regulation.... Hope this helps....