-
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.
![554x544px Website Photographs 653](/globalassets/1.-member-firms/india/assets/pdf-images/554x544px/photograph/554x544px_website_photographs_653.jpg)
-
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.
![554x544px_Website_Photographs_641.jpg](/globalassets/1.-member-firms/india/assets/pdf-images/554x544px/photograph/554x544px_website_photographs_641.jpg)
-
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.
![Monthly GAAP Bulletin – August 2022](/globalassets/1.-member-firms/india/assets/pdf-images/554x544px/photograph/554x544px_website_photograph_358.jpg)
- 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 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.
-
Media article Union Budget 2024 expectations: Building resilience for consumer industryUnion Budget 2024 expectations: Building resilience for consumer industry
-
Thought Leadership Grain to gain: Impact of corn on India’s biofuel revolutionExplore Grant Thornton insights on unlocking India’s Energy Potential on Corn-Based Ethanol as a sustainable fuel solution.
-
Case study Transforming agriculture: The rise of Drone DidisDiscover how Grant Thornton Bharat's Drone Didis initiative empowers rural women and transforms agriculture with drone technology. Learn more about this success.
-
India-UK
India-UK
![insight featured image](/globalassets/1.-member-firms/india/new-homepage/media/1.-hero-banners_repeat-visits/1440x600px_hero_banner_shutterstock_1169956426.jpg)
Executive summary
- Digital transformation programmes, which take a shallow approach, do not modernise core platforms and do not yield optimum benefit.
- Modernising and building a strong digital core platform can yield the maximum business benefit.
- Cloud, data, AI, security, automation, and modern architecture are the fundamental building blocks of a digital core platform.
- We have identified seven key practices to successfully establish a strong digital core platform.
Challenges in digital transformation programmes
In today's world of rapidly changing business priorities and macroeconomic pressures, organisations are often adopting a lower-impact digital transformation by focusing on customer experience and introducing new technology. While this approach offers some benefits, it falls short in:
- Increasing top-line revenue
- Reducing costs
- Improving operational efficiency
- Improving customer experience
The key challenges forcing organisations to adopt lower-impact digital transformation are:
- Lack of a strong IT and infrastructure foundation
- Technology debt across infrastructure, applications, data, and legacy technology stacks
Security and compliance challenges - Unavailability of enterprise-wide data, hindering the full utilisation of AI
- Complicated integration stack and challenges in integrating cloud and on-premises systems
- Sporadic use of automation, lack of an enterprise-wide automation strategy
- Lack of focus on business processes and operations
Digital core platform (DCP) to the rescue
A DCP helps expand surface-oriented digital transformation to the core. A DCP is the lifeline of modern intelligent enterprises. At the heart of the platform is the enterprise core, comprising ERP, HCM, and other core systems. Increasingly, these systems are running on the cloud. The DCP is powered by cloud, data, and AI. Organisations are using a mix of hybrid cloud, multi-cloud, sovereign cloud, and edge computing. Having a strong data foundation helps maximise the advantages of advanced analytics, generative AI, and AI/ML. Utilising and prototyping with both generative AI, predictive AI, and AI-led intelligent automation is key to gaining a competitive advantage with the DCP.
The DCP often co-exists with a legacy core comprising of Mainframes, AS/400, iSeries, Power Systems, Tandem, and other legacy systems. Many industries, such as banking and telecom, need to maintain these systems due to challenges like regulation, complexity of modernisation, etc. The integration and data interchange between the new DCP and legacy code should be seamless. The industry-accepted practice is to ‘shrink the core’ piece by piece, ensuring that there is no downtime, etc. The strangler/strangler fig pattern is typically utilised for this.
Elements of a DCP
- Enterprise core: It comprises core solutions essential for an organisation’s operations. It includes ERP, HCM, and other industry-specific solutions. For banking, this would include core banking systems, KYC/AML, payment solutions, fraud detection solutions, trading systems, treasury and capital market (TCM) solutions, etc. For retailers, it would include inventory management systems, supply chain management, logistics management, etc.
- Cloud: Cloud is more than just a hosting location or deployment choice. It opens up vast possibilities, from utilising next-gen solutions (infrastructure, compute, storage, and data) to leveraging generative AI, AR/VR/MR, Metaverse, and quantum computing.
- Security: It is a crucial component of the DCP. Security should be embedded throughout the stack, and organisations should adopt a ‘Security by design’ principle. The DCP consists of modernised cloud-hosted/SaaS security solutions, including Identity and Access Management (IAM), SIEM/SOAR, firewall and DDOS protection solutions, SecOps solutions, cloud and hybrid threat protection solutions, policy management solutions, data security solutions, and key vault solutions, among others.
- Data: As companies adopt generative AI, a strong data foundation becomes essential. Cloud offers numerous data solutions, including OLTP (both SQL and NoSQL), analytics (data warehouse, data lake, and lakehouse), ETL/ELT, and data engineering. These modern data solutions complement modern cloud-based data architecture.
- Generative AI, AI/ML: Generative AI and predictive AI play pivotal roles in modernising and reimagining the core.
- Next-gen applications: The DCP is being reimagined with next-gen applications that leverage cloud, data, low-code/no-code, intelligent automation, and generative AI to enhance the applications. Next-gen applications are intelligent (aka intelligent applications) that significantly improve customer experience.
- DevOps and next-gen engineering: The enterprise core should utilise DevOps practices, such as Continuous Integration (CI), Continuous Delivery & Deployment (CD) in order to accelerate feature delivery to customers and gather continuous feedback. This often involves blue/green and canary deployments, A/B testing. Essentially, it is about adopting agile methodology and making progress in small iterative cycles rather than large, big-bang releases. Next-gen engineering techniques, such as generative AI-driven software development and platform engineering, help developers focus on core tasks and release software faster.
- Modern architecture and integration: Modern architecture and integration unify these elements. The DCP integrates inward with the legacy core and outward with customer, vendor/partner, and employee experience applications. These integrations are becoming real-time. Architecture patterns, such as microservices architecture, event-driven architecture, serverless and containerisation, are being employed.
Apart from the aforementioned technical building blocks, a DCP also requires new ways of thinking and operating, including:
- Business process reimagination
- Business IT alignment
- Digital operations
- Change management
Seven key practices to establish a DCP
- Establish a strong cloud foundation: Building a secure, enterprise-grade cloud landing zone is foundational for successful cloud migration and transformation. Key building blocks include organisation and account structure, networking, IAM, billing, and automation. A strong cloud foundation can also be established by:
- Incorporating security standards and utilising cloud policies.
- Employing infrastructure as code and cloud automation to automate infrastructure provisioning and configuration.
- Creating a cloud operating model encompassing people, processes, technology, and tools.
- Establishing operational processes, service management, monitoring, and logging standards.
- Migrate and modernise your enterprise data to the cloud: For large enterprises, data is often siloed. Discovering, cleaning, and categorising data are initial steps. Cloud data migration involves securing data, developing a data migration strategy, identifying cloud services, such as Database as a Service (DBaaS) and data and analytics PaaS platforms, cloud data lake, data warehouse, and data lake house. Data modernisation includes using next-generation data architectures, such as data fabric, data mesh, and data hub. Cultivate a ‘Data as a product’ mentality and implement proper governance. Finally, use data observability and data ops for smoother and efficient operations.
- Utilise modern architecture: Employ modern architectures, such as microservices, domain-driven design, 12-factor app, composable architecture, and event-driven architecture (EDA). Modernise and containerise applications. Leverage serverless and other cloud PaaS services.
- Build next-gen applications: Modernise applications and data. Upgrade custom applications using the latest frameworks and libraries. Redesign the UI layer and utilise modern JavaScript libraries like React, Angular, or Next.js. Employ patterns such as Single Page Application (SPA) and Micro UI. Also consider modernising monolithic apps to microservices.
- Simplify and modernise the integration layer: Streamline the integration and API layer. Over time, enterprise integration layers have become complex, using various integration protocols and technologies, such as SOAP, REST, WebSocket, Message Queues, and ESBs. Newer integration technologies like APIs, GraphQL, iPaaS (Integration Platform as a Service), Kafka, and Service Mesh have been added. Simplifying and modernising this complex integration layer is crucial for building a successful DCP.
- Utilise DevOps and next-gen engineering: Leverage DevOps, Agile, and next-gen engineering to reimagine the core.
- Experiment and adopt generative AI: Experiment and adopt generative AI across the stack. Generative AI and AI should not be limited to data scientists and ML engineers. Enhance every application with generative AI-powered intelligence. Convert applications into intelligent applications using generative AI and AI.
Conclusion
Reimagining the DCP is essential for organisations seeking successful digital transformation. By addressing inherent challenges and focusing on core elements, such as cloud, data, AI, security, and automation, organisations can build a robust DCP that enhances operational efficiency, customer experience, and drives sustainable growth. Implementing the outlined seven key practices will establish a strong foundation for the DCP, ensuring competitiveness in the evolving digital landscape. Embracing this holistic approach to digital transformation empowers organisations to thrive amidst changing business priorities and economic pressures.