India's telecom market, among the world's largest, has experienced significant growth in the past decade, contributing to the country's socio-economic development and bridging the rural-urban digital gap.

India's booming telecom market, driven by affordable tariffs, widespread mobile number portability adoption, expanded 3G and 4G coverage, and evolving consumer patterns, is poised for 5G expansion. High-speed internet demand fuels industry growth, with AI and IoT applications heralding transformative possibilities. Government initiatives like Make in India and the PLI scheme have spurred local manufacturing, establishing India as a global leader in telecommunications.

Grant Thornton Bharat is committed to empowering organisations with the resources they need to thrive in today's rapidly evolving business landscape. Survival and growth for organisations would hinge on embracing a strategic and agile business model.

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    The Grant Thornton Bharat advantage

    Teal Background

    Internal audit services to telecom service provider

    1.
    Problem statement
    The company is one of the leading telecom service providers in India. Grant Thornton Bharat was engaged to provide IA and IFC services.
    2.
    Our Solution
    We implemented a risk-based integrated IA approach to address IA, IFC IT, and anti-fraud risks during our audit review. Our rolling IA plan spans three years, focusing on high-risk areas annually, and incorporates extensive analytics...
    3.
    Impact
    We provided extensive subject matter expertise to the client and enhanced the assurance over design and operational effectiveness of the controls. The client also utilised our pragmatic recommendations to mitigate key risks in the audit...
    Orange Background

    Staff augmentation services to a telecommunications service...

    1.
    Problem statement
    The company is one of the leading telecom service providers in India, and they required staff augmentation services.
    2.
    Our solution
    Some of the key activities that we assisted the client with under staff augmentation included AGR computation for the calculation of license fee and spectrum usage charges and scenario analysis, data migration checks to SAP from the legacy...
    3.
    Impact
    The client developed baseline documentation to conduct internal assessments and enhance decision-making. They also implemented a centralised repository for documentation management.
    Red Background

    Internal audit using data analytics

    1.
    Problem statement
    The company is the world's leading and most diverse derivatives marketplace. We were appointed to deploy specialised resources for data analytics.
    2.
    Our solution
    We deployed analytics specialists as part of the internal audit team, and a combination of data analytics tools (Python, SQL, and Tableau) were used for IA engagement. As part of the planning phase, our knowledge repository was used to...
    3.
    Impact
    IA team was able to provide an enhanced level of assurance to the Board and Audit Committee through 100% analysis of the population. Analytics also helped the company to move repeatable analytic steps from the third line of defence to the...