Clients speak

Using global reach to facilitate efficient cross border acquisitions

" What I enjoyed most about working with Grant Thornton India was their resourcefulness in organizing needs worldwide, understanding of our business, attention to our requirements and fast responses to our queries, which enabled effective decision-making".
states Mr. Diwakar Shetty, Managing Director of Shetron Limited.

Diwakar Shetty's reason for choosing grant Thornton India was a straightforward one. Shetron is already the largest integrated producer of dry cell battery jackets in South east Asia and is the preferred supplier for a number of multinationals. Shetron was looking for an adviser who could offer a one stop shop for its global acquisitions - ranging from target search to deal structuring, international tax to deal negotiation, due diligence to ensuting ongoing compliance's post acquisition and post - deal integration.

He provides two examples where his experience with Grant Thornton India has stood out, " Considering the fact that social security in Belgium is high, we were suggested the alternate route of keeping employees on the rolls of our Indian Company and deputing them to Belgium. This move proved to be extremely cost effective. In another case, we were advised that we should only increase our equity after a certain date, at the time we did not know the reason for this but it became apparent that some large regulatory fees were being abolished after that date. The valuable knowledge demonstrated by Grant Thornton India has helped us to avoid unnecessary expenditure.'