-
Digital Natives
Unlock growth with Grant Thornton Bharat's Digital Natives solutions. Customised support for tech-driven companies in healthcare, gaming, and more.
-
Business Consulting
Our business consulting specialists offer a comprehensive blend of strategic advisory services. We assess the business, industry, operating model, synergy, skill sets and vision of the organisation and recommend the way forward
-
Digital Transformation Services
Grant Thornton’s digital transformation services help traditional businesses digitalise their business models with cloud technology, IoT consulting, app development and more DigiTech solutions.
-
Human Capital Consulting
Our Human Capital Consulting team harnesses technology and industry expertise to assist in constructing adaptable organisations with transparency, fostering productive and value-driven workforces, and inspiring employees to engage meaningfully in their tasks.
-
Production Linked Incentive Scheme
Production-linked Incentive Scheme by the Indian government is aimed at boosting manufacturing. Grant Thornton Bharat offers varied services across sectors to help businesses avail of this scheme.
-
Public Sector Advisory
Our Public Sector Advisory team has focused streams, aligned with the core priorities of the Government of India. We are responsible for providing innovative and customized technical and managerial solutions.
-
Tech Advisory
We have amalgamated Digital Transformation, IT Advisory & Information Management and Analytics into a new offering, DigiTech.
-
Direct Tax services
Our tax specialists offer a comprehensive blend of tax services, tax litigation, regulatory and compliance services, helping you navigate through complex business matters.
-
Indirect Tax Services
Get tax services by leading tax firm Grant Thornton India. Our indirect tax services include consulting, compliance and litigation services for corporate, international and transaction tax
-
Transfer pricing services
Our transfer pricing services experts provide a range of services from provision of APA services to handling large global assignments including Country by Country reporting.
-
US Tax
At Grant Thornton, we help individuals and dynamic companies deal with US tax laws, which are one of the most complicated tax legislations across the world.
-
Financial Services - Tax
Best financial advisory services, tailored for small and large businesses by the experts having comprehensive knowledge of domestic laws and access to multifaceted tools to provide a valuable results.
-
Financial Reporting consulting services
Our experts have significant hands-on experience in providing IFRS/US GAAP services, end-to-end solutions and support services to fulfil financial reporting requirements.
-
Fund accounting and financial reporting
International operations often lack standardisation and have varied local reporting formats and requirements. Our experts can offer proactive insights, practical guidance, and positive progress and help meet regulatory timeframes.
-
Compliance and Secretarial Services
Our experts can assist in overhauling the entire compliance machinery of the organisation through evaluation of the applicable statutory obligations, monitoring of adequate governance controls, reporting and providing ongoing support.
-
Global People Solutions
As businesses transcend borders, both domestic and global considerations need equal attention. Our interim CFO and financial controller support services help organisations meet the business vision.
-
Finance and accounting outsourcing
Our accounting experts assist organisations in managing their accounting and reporting. Our dedicated Integrated Knowledge and Capability Centre (IKCC), allows us to service both the domestic and global markets efficiently and cost-effectively
-
Compliance Management System
We have automation solutions for you that will allow meeting government requirements and remain diligent, which when failed, can lead to penalties and loss in revenue.
-
IKCC: Grant Thornton's Shared Service Centre
The India Knowledge and Capability Centre (IKCC), aimed at delivering solutions by developing capabilities, has completed four years of its journey.
-
Global compliance and reporting solutions
At Grant Thornton Bharat, we meet the challenges of our clients and help them unlock their potential for growth. Our professionals offer solutions tailored to meet our clients’ global accounting and statutory reporting requirements. With first-hand experience of local reporting requirements in more than 145+ locations worldwide, we provide seamless and consistent international service delivery through a single point of contact.
-
Related Party Transactions Governance
Grant Thornton Bharat's comprehensive related-party transaction services ensure good governance by adhering to regulatory requirements, promoting transparency, and providing robust policies for compliance, documentation, and accountability in related-party transactions.
-
Private Client Services
Grant Thornton Bharat Private Client Services offers tailored advisory for family-owned businesses, focusing on governance, compliance, tax, succession planning, and family office structuring to sustain wealth and preserve legacies across generations.
-
GTMitra: Tax & Regulatory Tool
GTMitra, a specialised tax and regulatory tool by Grant Thornton Bharat, supports multinational businesses in understanding laws and regulations for effective growth strategies.
-
Labour codes
Labour codes solutions help you transition through the new legislation. At Grant Thornton, we help businesses divide their approach to make sure a smooth transition.
-
Alerts
At Grant Thornton India, with the help of our tax alerts, we help to provide updates on how to minimise your tax exposure and risks.
-
Cyber
In today’s time, businesses have gone through large transformation initiatives such as adoption of digital technologies, transition to cloud, use of advanced technologies et al.
-
Governance, Risk & Operations
Our Governance, Risk and Operations (GRO) services encompass Internal Audit, Enterprise Risk Management, Internal Financial Controls, IT advisory, Standard Operating Procedures and other services.
-
Risk analytics
Grant Thornton Bharat’s CLEARR Insights is a state-of-the art data analytics platform that will help you in seamless data analysis and efficient decision-making.
-
Forensic & Investigation Services
The team of forensic advisory services experts consists of the best intelligence corporate experts, and fraud risk, computer forensic experts to deliver most effective solutions to dynamic Indian businesses.
-
ESG consulting
Grant Thornton Bharat offers holistic ESG consulting solutions for sustainable business outcomes. With industry expertise and AI technology, we drive long-term value.
-
Transaction Tax Services
Our transaction tax experts understand your business, anticipate your needs and come up with robust tax solutions that help you achieve business objectives ensuring compliance and efficiency
-
Deal Advisory
Unlike other M&A advisory firm in India, we offer deal advisory services and work exclusively with controlled and well-designed strategies to help businesses grow, expand and create value.
-
Due Diligence
Grant Thornton’s financial due diligence services are aimed at corporate looking for mergers and acquisitions, private equity firms evaluating investments and businesses/promoters considering sale/divestment.
-
Valuations
As one of the leading valuation consultants in India, Grant Thornton specializes in all the aspects of the process like business valuation services, financial reporting, tax issues, etc.
-
Overseas Listing
Overseas listing presents a perfect platform for mid-sized Indian companies with global ambitions. Grant Thornton’s team of experts in listings, work closely with clients during all stages.
-
Debt & Special Situations Solutions
Grant Thornton Bharat offers specialist debt and special situations consulting services, including restructuring, insolvency, and asset tracing solutions.
-
Financial Reporting Advisory Services
Grant Thornton Bharat Financial Reporting Advisory Services offer end-to-end solutions for complex financial requirements, including GAAP conversions, IPO support, and hedge accounting advisory, ensuring accurate financial reporting and compliance.
-
Financial Statement Audit and Attestation Services
Grant Thornton Bharat offers customised financial statement audit and attestation services, ensuring impeccable quality and compliance with global standards. Our partner-led approach, technical expertise, and market credibility ensure effective solutions for your business needs.
- Agriculture
- Asset management
- Automotive and EV
- Aviation
- Banking
- Education and ed-tech
- Energy & Renewables
- Engineering & industrial products
- FinTech
- FMCG & consumer goods
- Food processing
- Gaming
- Healthcare
- Urban infrastructure
- Insurance
- Media
- Medical devices
- Metals & Mining
- NBFC
- Pharma, bio tech & life sciences
- Real estate and REITs
- Retail & E-commerce
- Specialty chemicals
- Sports
- Technology
- Telecom
- Transportation & logistics
- Tourism & hospitality
-
Article Improving credit penetration in BiharRBI’s priority sector lending guidelines have a key role to play in providing credit to small farmers, artisans and micro firms
-
Article Sustainable farming and its economic imperativeSustainable farming in India is crucial for food security, economic growth, and environmental conservation, requiring government support and farmer education.
-
Article Agriculture and Budget: Immediate compulsions and long-term visionGovernment focuses on sustainable agriculture, digital infrastructure, and market intelligence to enhance productivity and global competitiveness in agriculture.
-
Article Union Budget 2024 expectations: Building resilience for consumer industryUnion Budget 2024 expectations: Building resilience for consumer industry
-
India-UK
India-UK
Welcome to the 10th annual edition of Dealtracker one of our flagship publications that captures and analyses M&A and PE deal data. It is the principal source of information on deal activity for the Indian market. With your constant support and encouragement, we are happy to present the annual edition that gives our readers an insight into M&A dealmaking, PE investments and sector trends among others.
Although we saw a slow start to the year, the second quarter onwards we witnessed a deal resurgence in India Inc based on expectations of economic revival after the election. The trend gained further momentum post the election of the new Government at the centre and we closed the year with over 1,177 deals, the highest ever in a decade, worth over USD 50 billion. M&A contributed close to USD 38 billion from 573 deals with PE contributing USD 12 billion from 604 deals.
Domestic and Inbound deals have been the highlight in 2014 as we see global players betting on the revival of India growth story or consolidating their holdings in Indian subsidiaries. Domestic M&A deals are largely riding on the consolidation wave with Sun Pharma acquiring Ranbaxy, Kotak merging with ING Vysya, Flipkart looping in Myntra and a few large power sector mergers and acquisitions. Another key driver behind deals was overleveraged companies finding ways to cut debt or companies hiving off non core businesses or assets. These underlying drivers coupled with the rebounding market indices post the decisive outcome in the elections, paved the way for a slew of deal closures in the second half of the year.
PE has been steady in terms of values, however the volumes have touched on all time high in a decade with close to 604 deals in the year totaling USD 12 billion of investments. Key sectors that contributed to M&A activity were IT/ITES, Pharma, Retail & Consumer, BFSI, Energy and Telecom. IT/ITES continues to dominate volumes and will continue to do so whilst values will be driven by core sectors of the economy.
In the PE arena, the IT/ITES sector hogged the limelight with the e-commerce segment alone contributing over 30% of total deal values. Other sectors that saw a lot of action were real estate and infrastructure and BFSI. The intense competition among Flipkart, Snapdeal and Amazon and their expansion strategy will keep stakeholders on the edge of their seats in 2015.
The year also saw several PE players cashing in on exits from investments – notably the Bain-Hero Motocorp, ChryCapital-HCL and Intas exit- which is a welcome change for long term investors who have ploughed close to USD 90 billion over the last decade in Indian companies. The investment window of 5-8 years has already passed for several of the investments and exits are overdue. Hence, the exit market is only expected to go up with capital market recovery and a strong inbound interest coupled with improved business sentiments driving fundamental operational metrics. The year saw a peak in both number of QIPs and money raised, clearly making QIP the most preferred route to raise funds in the capital market in 2014.
On the regulatory front, a big impetus came from the government to relax norms for some cash strapped sectors such as real estate and construction. The FDI policy in defence sector has been liberalised, 100% FDI under automatic route has been permitted in construction, operation and maintenance in specified rail infrastructure projects, and of course the much awaited relaxation of norms in the insurance sector and the medical devices space. These sectors are clearly expected to see a surge in inflows in 2015. In addition, SEBI is working on improving the environment in the capital market which should see further reforms going forward.
2014 was important in many aspects for India Inc. We expect 2015 to see significant growth in the economy driven by a combination of a stable government, dipping commodity prices and significant reforms all of which would drive deal activity. We wish you all the best and hope to garner your continued support in the years to come. I will end my message with the same hope that I have had since we launched Dealtracker which is that I hope there is an active market for control which translates into hostile deals happening in 2015.. I am sure that this hope of mine will be realised soon as it would bring significant benefits to the Indian capital market and improve governance standards.
Please send us a mail at contact@in.gt.com for a copy of the report.