• Skip to content
  • Skip to navigation

For more updates follow Grant Thornton Bharat on WhatsApp

Contact us
My bookmarks
  • Insights
  • Careers
  • Events
  • Golf
  • About Us
  • L&D Academy
  • Press room
  • Contact us
  • English
  • My bookmarks
Global site
  • Global site
  • Africa
  • Americas
  • Asia Pacific
  • Europe
  • Middle East
    Services
    Services
    • Global Delivery Services
    Services
    Grant Thornton offers best business advisory services for foreign and Indian companies. If you also want to do business in India, contact us!
    See Overview
    Consulting
    Adapt to dynamic markets with tailored solutions and expert business consultancy.
    See Overview
    • Digital Natives
      Unlock growth with Grant Thornton Bharat's Digital Natives solutions. Customised support for tech-driven companies in healthcare, gaming, and more.
    • 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.
    Tax, Regulatory & Finance Consulting
    Tax advisory and advisory services in India by Grant Thornton aim to help businesses of all sizes to formulate and implement effective strategies to optimize...
    See Overview
    • 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.
    • Family Offices & 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.
    • Unlocking opportunities: India investment roadmap
      The India Investment Roadmap resource is designed to navigate the complexities of Indian tax and regulatory laws, providing seamless guidance and a comprehensive set of solutions to ensure a smooth process for investors aiming to establish or expand their presence in India.
    Related insights:
    589x658px Hero Banner Adobe Stock 1048193015
    Newsletter Monthly Tax Bulletin: May 2025
    The May 2025 edition of the Grant Thornton Bharat Monthly Tax Bulletin captures key developments under the direct taxes, transfer pricing, indirect taxes, and FEMA, for April 2025.
    1 min read | 15 May 2025
    ESG & Risk Consulting
    Grant Thornton Bharat ESG and Risk Consulting provides expert governance, IT security, and forensic services, ensuring robust processes and controls for...
    See Overview
    • 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.
    Related insights:
    Grant Thornton Bharat sustainability report 2023-24
    Thought Leadership Grant Thornton Bharat sustainability report 2023-24
    The inaugural edition of our Sustainability Report 2023-24 marks a significant milestone in our journey towards integrating environmental, social, and governance (ESG) principles into our core business operations.
    31 Mar 2025
    Deals Consulting
    Supporting you to grow your business profitably through our partner-led deals service.
    See Overview
    • 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.
    Assurance Services
    Grant Thornton Bharat offers tailored assurance and auditing services in India, ensuring NFRA compliance, sector expertise, and risk-based audits for credible...
    See Overview
    • 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.
    Related insights:
    Quarterly GAAP Bulletin – April 2025
    Thought leadership Quarterly GAAP Bulletin – April 2025
    The latest edition of the Quarterly GAAP Bulletin summarises significant accounting, auditing and regulatory updates, compiled to meet the needs of dynamic Indian businesses and focuses on key developments in India and across the globe.
    01 May 2025
    Global Delivery Services
    Grant Thornton’s Global Delivery Services works to provide innovative multi-disciplinary solutions across service lines and expertise areas, with a global...
    See Overview
    Industries
    Industries
    • 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
    Industries
    Helping you shape the future of your industry
    See Overview
    Agriculture
    We offer top-tier agriculture consulting services, tackling challenges and driving growth in India's agri-industry. Discover our expert solutions now.
    See Overview
    Related insights:
    • Co-lending in India: Expanding credit access for MSMEs
      Thought leadership Co-lending in India: Expanding credit access for MSMEs
      In today’s rapidly evolving financial landscape, co-lending has emerged as a key enabler of credit expansion in India, facilitating partnerships between banks and non-banking financial companies (NBFCs) to extend credit more efficiently to underserved segments.
      02 Apr 2025
    • 554x544px website photograph 465
      Article Why India’s financial inclusion journey needs to focus on equity and access to credit
      Financial services have expanded over a decade, giving millions access to bank accounts and digital payments. But true empowerment needs to reach every corner of the country if growth is to be long-term and sustained
      Dharmender Jhamb
      | 4 min read | 03 Mar 2025
    • Competitive and sustainable agriculture & food processing in Kerala
      Thought Leadership Competitive and sustainable agriculture & food processing in Kerala
      The economy of Kerala is primarily driven by the services sector, which contributes 66% to the Gross State Domestic Product (GSDP).
      19 Feb 2025
    • Economic Survey 2024-25: Deregulation, investment and innovation for a Viksit Bharat
      Article Economic Survey 2024-25: Deregulation, investment and innovation for a Viksit Bharat
      India's economic growth remains for a steady trajectory with real GDP expected to grow at 6.4% in FY25 and in the range of 6.3%-6.8% in FY26, reflecting resilience despite global uncertainties.
      31 Jan 2025
    Asset management
    We delivers tailored asset management consulting, from governance to technology transformation, enhancing growth and compliance.
    See Overview
    Automotive and EV
    We offers expert automotive consulting for building better mobility businesses, navigating EV transitions, and staying ahead globally.
    See Overview
    Aviation
    Elevate your aviation business with expert consulting services. From strategy to implementation, we guide you towards success in a dynamic industry.
    See Overview
    Banking
    We offers expert banking consulting services, including regulatory compliance, risk management, governance, and transformation solutions.
    See Overview
    Education and ed-tech
    Elevate your education sector with expert consulting services. Navigate challenges, innovate, and achieve excellence with our guidance.
    See Overview
    Energy & Renewables
    Elevate your energy sector with our expert renewable consulting services. We guide you towards sustainable solutions for a brighter future.
    See Overview
    Engineering & industrial products
    Our engineering consulting empowers firms with digitization, strategy, and market insights for sustainable growth.
    See Overview
    Fintech
    We specialize in fintech consulting services, offering tailored solutions for industry challenges like risk management, regulatory compliance, and finance...
    See Overview
    FMCG & consumer goods
    Explore our consumer goods consulting services, covering direct-to-consumer strategies, supply chain optimization, and shop floor transformation.
    See Overview
    Food processing
    Elevate your food processing industry with expert consulting. Unlock growth, minimize waste, and drive economic prosperity for India's future.
    See Overview
    Gaming
    Unlock new levels of success in the gaming industry with Grant Thornton Bharat. Expert gaming consulting, regulatory compliance, tax advisory, and deals...
    See Overview
    Healthcare
    Grant Thornton Bharat healthcare consulting experts facilitating strategic planning, operational execution, and regulatory compliance for sustainable growth.
    See Overview
    Urban infrastructure
    We offers infrastructure consulting to help cities build competitive advantage, mitigate risks, improve efficiency, and create flexible organizations.
    See Overview
    Insurance
    Our experts provides comprehensive insurance consulting services, addressing complex challenges and opportunities in the evolving insurance landscape.
    See Overview
    Media
    Our team of media and entertainment consulting experts crafts strategies and capabilities, empowering companies to adapt to today's industry trends.
    See Overview
    Medical devices
    Unlock growth potential in India's medical device market with Grant Thornton Bharat expert consulting. Navigate regulations and innovate for success.
    See Overview
    Metals & Mining
    We offers metals & mining consulting services to firms with digital integration, collaborative strategies & data-driven insights for growth.
    See Overview
    NBFC
    Grant Thornton Bharat offers tailored strategic guidance, robust risk management, and innovative solutions for NBFCs, enhancing performance and compliance.
    See Overview
    Pharma, bio tech & life sciences
    Navigate towards sustainable success in the health-outcomes-driven ecosystem with our Life Sciences consulting services.
    See Overview
    Real estate and REITs
    Unlock growth opportunities by turning critical real estate issues into success with Grant thornton bharat expert real estate consulting services.
    See Overview
    Retail & E-commerce
    Unlock bold visions for your online and e-commerce channels with Grant Thornton Bharat digital expertise and strategic guidance. Explore now.
    See Overview
    Specialty chemicals
    We offers specialized chemical consulting services, leveraging advanced analytics for informed decisions. Enhance your industry advantage now!
    See Overview
    Sports
    We provide sports consulting services that help organisations and governments, regardless of size, enhance their value through strategic planning, business...
    See Overview
    Technology
    Elevate your business with custom tech solutions. Navigate challenges & seize growth opportunities with Grant Thornton Bharat technology consulting services.
    See Overview
    Telecom
    Unlock growth potential in India's booming telecom market with Grant Thornton Bharat strategic consulting services. Trusted partners across the value chain.
    See Overview
    Transportation & logistics
    We offers innovative transportation solutions, navigating industry changes for impactful results in a dynamic business landscape.
    See Overview
    Tourism & hospitality
    Grant Thornton Bharat offers tourism consulting services, helping clients achieve competitive advantage in India's dynamic tourism and hospitality industry.
    See Overview
    Our global presence
    • Global Indian Programme
    International Corridors
    Are you seeking global opportunities? Whether it's establishing operations, enhancing capacities, or making acquisitions, we're here to help.
    See Overview
    • India-UK
      India-UK
    Global Indian Programme
    Helping Global Indians with cross-border investment, expansion and mobility.
    See Overview
    • Contact us
    • English
    • My bookmarks
    1. Home
    2. Press releases
    3. 2014
    4. Should a departing leader poach his employees?

    Should a departing leader poach his employees?

    21 Oct 2014

    Should a departing leader poach his employees?

    Soon after joining as the chief executive officer (CEO) of Infosys Ltd, Vishal Sikka hired senior executives from SAP AG, where he had worked earlier. We ask experts whether a departing leader should hire people from his previous team to the new company and its possible implications.

    There is no ethical implication

    Vidyanand Jha, professor of behavioural sciences, Indian Institute of Management, Calcutta.

    When a departing leader takes with him some of his employees to a new organization, it does not have any ethical implications, says Jha. “This happens in most companies and will not have any ethical implications since the relationship between employees and an employer is that of performance and not of loyalty,” he adds.

    If people see a better role or a greater opportunity for themselves in the place where the leader is going, it is natural for them to move too, according to Jha

    Rather, the company which is seeing the exits (SAP in this case) should treat its ex-employees as alumni who have moved to good places, which would add to the company’s overall brand value, Jha believes.

    From the point of view of the new team or company where these executives have joined, some changes are inherent, he says. “Whenever a new top executive comes in, obviously some heads will roll either in function or in some other symbolic manner,” he adds.

    However, the incoming executive has to believe that the existing team members are good and make them believe it too. Jha says the new leader should be quick in reshuffling and then start making a positive change, so that existing employees feel comfortable.

    “He or she should also signal continuity in some old practices or show that there are enough people from the past in the organization to increase the comfort of existing employees,” says Jha. The incumbent leader should create a safe environment and safeguard employees’ interests, he adds. There is always some degree of uncertainty in these new relationships, according to Jha. Especially in a company that has seen turbulent times, there will be anxiety among existing employees with the new leader, so that should be taken care of, he adds.

    There should be no bad blood

    Vinamra Shastri, partner at Grant Thornton India

    There is nothing wrong in a person leaving a company taking his peers along, says Shastri. “I do not consider this wrong from any perspective,” he says.

    Why does it happen? “There is a team concept which works very well in corporate India,” says Shastri. People will be inclined to leave with the leader because they work well together, they understand situations better, and they know their strengths and weaknesses, he says.

    Personal loyalty is another key reason. “People leave with the leader because they feel that he or she is a successful leader and that they have a better chance working with them,” says Shastri. The current organization may be unable to translate this personal loyalty into organizational loyalty.

    However, such a process should be conducted ethically and in a completely professional way, says Shastri. “One should ensure that there is minimum disruption at the place you are leaving. The exits should be properly planned, communicated and transparency should be maintained. People should not burn their bridges. There should be no bad blood,” he says. It should be like a well-planned divorce, Shastri points out.

    The company from where people are departing can learn a lot at such a time. “Companies should think what they could have done differently so that these people did not leave the company, so that second time around such a thing does not happen,” says Shastri. He also feels that companies which are losing people should look at this as an opportunity to promote their second line of leaders.

    New people must fill a skill gap T.V.

    Mohandas Pai, chairman of Manipal Global Education Services and co-founder of Aarin Asset Advisors Llp

    It is always a source of comfort and a confidence booster to have colleagues whom you know well. But a new chief executive officer bringing in his old team from his previous organization is an exercise that needs to be handled with care as it is full of nuances, says Pai

    First, the new members ought to be brought in only if there is a shortage of people in leadership roles, he says. Second, the kind of people the leader brings into the organization need to fill a specific skill gap and they need to be best-in-class, else it will cause resentment among existing employees, says Pai. “When you are bringing people with expertise, they should be able to hit the ground running, and demonstrate to the rest of the team that they deserve to be there in the first place,” he adds. “If none of them have the relevant experience or capability, the strategy won’t work well.”

    Third, it is important that a new leader does not create cronyism by bringing his former colleagues and create a clique, warns Pai. “To avoid this, a leader must have an open style of leadership where all ideas are considered and everyone is treated well, and decisions taken on merit so that the team feels united,” he adds.

    This also includes salaries paid to the new members, Pai says, and adds: “There should be fairness in the salaries being given to all members in the team if you want to create a level playing field and a new sense of purpose.”

    At the end of the day, people appreciate good performance and if the new team members are able to demonstrate the value they bring with them, it won’t create any discord among the old and new team members, believes Pai.

    The article appeared in the Mint. The article can be found here.

    GTB 90yrs in Bharat Logo
    To get in touch with our experts
    Click here

    CONNECT CONNECT

    • Locations
    • Contact us
    • Global reach

    ABOUT ABOUT

    • About us
    • Careers
    • #GTBharat Alumni Community

    LEGAL LEGAL

    • Privacy
    • Disclaimer
    • Site map

    OUR SERVICES OUR SERVICES

    • Consulting
    • Tax, Regulatory & Finance Consulting
    • ESG & Risk Consulting
    • Assurance
    • Deals Consulting

    Follow usFollow us

    © 2025 Grant Thornton Bharat LLP. All rights reserved. Grant Thornton Bharat LLP is registered under the Indian Limited Liability Partnership Act (ID No. AAA-7677) with its registered office at L-41 Connaught Circus, New Delhi, 110001, India, and is a member firm of Grant Thornton International Ltd (GTIL), UK. The member firms of GTIL are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered independently by the member firms. GTIL is a non-practicing entity and does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

    Sign in with LinkedIn Close
    Sign in with LinkedIn to save articles to your bookmarks.
    Privacy policy