The technology industry has experienced a swift evolution, replacing conventional business structures and fostering unparalleled growth opportunities for technology and digital enterprises in recent times. This has translated into significant business expansions, heightened investor funding, and a multitude of mergers and acquisitions.

Despite encountering challenges such as revenue fluctuations and concerns about digital trust and cybersecurity, talent acquisition, and valuation volatility, the tech industry benefits from regulatory backing and government-driven initiatives. It is advancing with deep-tech innovations, artificial intelligence, Gen AI, robotics, space technology, and other breakthroughs, resulting in massive startup proliferation and the ability to overcome obstacles for sustained progress.

Digital Natives

Optimise your procurement function with ProcMart

Grant Thornton Bharat has partnered with ProcMart, a trusted leader in B2B MRO procurement, to deliver streamlined and tech-enabled procurement solutions.

    The Grant Thornton Bharat advantage

    • Trusted partners
    • Innovative approach
    • Organisational transformation
    • Trusted partners
      sales-strategy.png
      We have established trust with prominent technology players spanning various segments, including tech creators (software and hardware providers), tech services companies, unicorns, captives, digital natives, and more.
    • Innovative approach
      Innovative approach
      We empower our clients to efficiently address the dynamic challenges of the digital realm, leveraging our strong commitment to innovation and adaptability.
    • Organisational transformation
      Organisational transformation
      We collaborate with organisations to drive digital transformation and workforce enhancements and provide services such as assurance and risk management.

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      Supporting a leading data engineering and cloud consulting company for sale to global analytics player.

      Problem statement
      Sought growth and M&A options, but lacked preparation for the business sale process. They also had multiple entities without a central financial and operational database.
      Our Solution
      We assisted in gathering critical information to preparing for business, financial and other diligences to final closure, and support on transaction tax structuring. We developed a transaction strategy and our extensive network and integrated team of experts enabled a collaboration with a suitable buyer.
      Impact
      The sale allowed the client to become part of a larger global enterprise with access to a range of new clients, while the buyer filled a gap in its service portfolio in data engineering and big data with a focus on the fintech industry.

      IPO advisory assistance encompassing financial reporting, transitioning to US GAAP, and providing transaction tax support

      Problem statement
      A leading global AI company was preparing for an IPO in the US. However, their financial statements were prepared under International Financial Reporting Standards (IFRS), and they needed support to transition to US Generally Accepted Accounting Principles (US GAAP) for the listing. They had undergone multiple acquisitions and reorganised their group structure, resulting in complex modifications in their capitalisation table and share-based payment transactions.
      Our Solution
      We provided transaction tax review, financial reporting support, and assistance in transitioning to US GAAP. Our team assisted the client in preparing historical financial statements and pro forma financial information, streamlining accounting policies and practices for acquisitions, and preparing key accounting position papers.
      Impact
      The company successfully aligned its financials with US GAAP standards, ensuring readiness for an IPO. Our contributions streamlined the financial preparation process and methodology, enabling the timely creation of financial statements.

      Buy-side financial due diligence for 15+ cross-border transactions and supporting US tax compliance

      Problem statement
      A global technology services company based in India wanted an integrated team to provide financial due diligence support for its inorganic expansion strategy across multiple countries. The company also required a team for US tax compliance support.
      Our solution
      As their trusted advisors, we provided financial due diligence support for over 15 cross-border deals. Our integrated US tax team helped with tax advisory support.
      Impact
      Our approach enabled the company in evaluating potential acquisitions, closing M&A deals, and filing US tax returns in a timely manner.

      Transaction advisory support for the merger of two prominent technology services companies

      Problem statement
      The merger of two leading tech services companies presented typical challenges such as timelines, relative evaluation of the companies, and various regulatory guidelines applicable for listed company mergers.
      Our solution
      We assembled a sector-focused and multidisciplinary team to provide integrated transaction advisory support. The team covered due diligence, valuation, tax, and regulatory aspects to present recommendations to the Board of Directors.
      Impact
      The merged entity is now listed on the stock exchange in India.

      Financial advisory support for a startup specialising in cloud security and a NASDAQ- listed cybersecurity company

      Problem statement
      A cloud security start-up sought financial advisory support for a sale process.
      Our solution
      We provided end-to-end financial advisory support to facilitate the sale process and deal closure. Our team of experts across accounting advisory and tax assisted the company at various stages of the deal.
      Impact
      As a result, the client was able to complete the M&A deal within stipulated timelines and merge with a global leader in cybersecurity space.

      Implementation of Global Oracle ERP across 6 countries and 10 entities

      Problem statement
      A leading fintech firm in India faced several challenges due to its acquisitions and massive scale of growth. The company struggled with managing a heterogeneous mix of disparate accounting and supply chain systems, resulting in delays in financial consolidation and reporting, lack of real-time visibility of KPIs, and excessive manual effort.
      Our solution
      Our team engaged in a fast-tracked Oracle Fusion rollout transformation programme to standardise processes, reduce manual intervention, and streamline statutory reporting across countries. The system was designed and deployed to make Oracle Fusion ERP future-ready and scalable for quick deployment of any new future acquisitions across different geographies.
      Impact
      In just three months, Oracle Fusion solutions were deployed across six countries, ensuring every single localisation and taxation requirement was addressed via a 'single source of truth' system. The successful implementation enabled harmonised processes across finance and supply chain management functions.

      Meet our leaders

      Raja Lahiri
      Raja Lahiri
      Partner and Technology Industry Leader
      Mumbai
      View full profile