" A company can create a vision of success, but turning it into reality requires highly skilled people to be placed in functional areas.Grant Thornton India understood the vision of CBAY Systems in creating a restructured corporate style that reflected changes in their environment. They helped to setup a tax efficient corporate structure which led to the delivery of an effective transfer pricing model"
states Mr. Raman Kumar, Founder, Chairman and Chief Executive Officer of Cbay Systems India Limited
The restructuring required expertise in bringing about a role reversal for the two important entities of CBAY both in the US and in India, Elaborating on Grant Thornton India's strength Bhairav Kothari Vice President - Finance and Accounting of CBAY states, " Besides thorough professionalism, what impressed us was their partner-led service. A business model most suited to our requirements - people with proactive and innovative ideas, synergy amongst various service lines, deep and meticulous understanding of international laws and regulations such as US GAAP, US GAAS, American and Indian tax laws and above all, transfer pricing. Grant Thornton India did a superb job."
Grant Thornton India provides CBAY with global audit services and acted as reporting accountant's on CBay's global IPO on the AIM market of the London Stock Exchange (LSE). The Firm also provides them with due diligence services on cross border transactions, tax and transfer pricing advice.