-
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
A competitor claims in OYO's business model both hotelier and customer are unhappy
OYO Rooms absorbing Zo, which was announced yesterday, has left the competition unimpressed. Most had seen consolidation coming for a while and instead of feeling overawed by the deal, they said it meant competition had decreased.
“We had delisted OYO and Zo because of bad customer feedback.
This just means there is one less player in the market,” said Mohit Gupta, operations head, MakeMyTrip. The ticketing portal had launched its own branded hotel chain in November called Value+. The consolidation, he said, also meant that the smaller players will hit pause before going on wild scaling sprees.
“Now is the time when transparency in what you are booking becomes even more important,” added Gupta. He explained that because the likes of Zo had gone down the race for numbers that the business model was not viable anymore. “This pre-buying inventory, selling rooms at a third of the price cannot work in the medium term,” he said.
OYO may even have to change the way it brands itself after the merger.
"OYO has rooms that go from Rs 500 to Rs 5,000, which isn’t really budget. You can’t cater to two sets of customers on the same platform,” said Gupta. He explained that OYO may have to change its standardization policy. “In luxury hotels, you go there to be pampered. In a budget hotel, you look to be out of the room most of the day. There needs to be clarity in how they want to position themselves," he explained.
Prafulla Mathur of WudStay, which started off the consolidation chain reaction last year when it bought Awesome Stays in August, said that they, too, could see the acquisition coming especially after hotels started detaching themselves from Zo Rooms and joined them.
"This will be a time when slow, measured growth will happen. There will not be a rush to scale. We are open to inorganic growth as well but only if the deal works for us like Awesome Stays did,” said Mathur. He explained that discounting heavily would eventually have to phase out and so will minimum guarantees.
Some chains, when they buy a few rooms, assure hotel owners a minimum guarantee per quarter or month depending on the deal. This guarantee assures the owners a portion of the price irrespective of the room being filled. This would entice hotel owners not to give away rooms to walk-ins and keep them faithful to the brand. The practice, however, is expensive and makes it difficult for the firm to prevent cash burn during off-season.
Analysts said that a slight pivot may ultimately happen. “The concept of buying up a few underselling rooms in hotels will stop. Primarily, because the quality cannot be guaranteed,” said a competitor who has a presence in a dozen cities in the country and plans to increase it to 15 soon.
"Let’s assume the hotelier hasn’t maintained the premises up to the mark. It means the customer is unhappy and swears off OYO Rooms and the hotel because for him this is a representative of what the brand gives him. Now, let us say the hotelier has maintained his property really well. His OYO rented rooms though have made him half of his regular rooms. His customers now know that this website gives them the same room for half the price, which means the hotelier has lost that customer. The hotelier isn’t happy,” said the competitor.
He explained that in OYO’s business model neither “party is happy”. “A business works when not only is your end customer pleased but also the one giving your customer the service. Any break in the chain, and everything can collapse,” he said.
The only way out is to take over the entire hotel. “You don’t buy three or five rooms. You take everything. You rebrand the hotel. Make it a franchise of your brand, which means you not only control quality but you get to choose what areas you want to establish your brand. And, obviously, give up the number game,” another analyst said.
Some venture capitalists believe that this may be the end of the consolidation phase in the hotel chain business. There are a few companies with common investors, which may invite a merger but an investor who was infused capital in one of the popular chains said that it was unlikely to happen.
“There won’t be any distressed companies that will be bought. Now, companies will wait for the smaller players to die and swoop to pick off their inventory. It will be cheaper that way,” said the investor.
OYO Rooms currently has presence in over 4,500 hotels across 170 cities and claims it has 150,000 check-ins a month. Zo, on the other hand, has 20,000 properties listed on its portal, some of them are in hostels and dharamshalas, which may not be absorbed into the new entity.
MakeMyTrip has presence in just 1,000 hotels while WudStay has 500 hotels and 5,000 rooms with a focus on getting to 10,000 by April, Treebo, backed by Saif Partners, on the other hand has 52 properties across 11 cities.
These numbers, analysts said, are low and there is room in this segment to grow. “The trick is if someone can find the right way to stay profitable, grow and maintain consistent customer experience,” said Harish HV, partner, Grant Thornton.
This article appeared in Business Standard on 11th February, 2016.