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Digital Natives
Unlock growth with Grant Thornton Bharat's Digital Natives solutions. Customised support for tech-driven companies in healthcare, gaming, and more.
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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
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Grant Thornton’s digital transformation services help traditional businesses digitalise their business models with cloud technology, IoT consulting, app development and more DigiTech solutions.
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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.
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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.
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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.
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Tech Advisory
We have amalgamated Digital Transformation, IT Advisory & Information Management and Analytics into a new offering, DigiTech.
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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.
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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
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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.
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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.
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Financial Services - Tax
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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.
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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.
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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.
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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
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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.
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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.
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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.
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India-UK
India-UK
The India meets Britain Tracker 2019 produces surprising results despite ongoing Brexit uncertainty
The contribution Indian companies make to the UK economy has increased significantly over the past year, according to our India meets Britain Tracker 2019. There are now a record 842 Indian companies operating in the UK, with combined revenues of over £48 billion (up from £46.4 billion in 2018). Together, they paid almost £684 million in corporation tax (£360 million in 2018) and employed 104,783 people (104,932 in 2018).
In the context of Brexit uncertainty over the last two years, these figures represent a surprising but welcome increase in numbers and size of contribution. Through their investment in the UK, Indian companies create jobs, contribute tax and play an important role in deepening and extending the long-standing ties between India and the UK.
Fast-growth focus
Each year, the India meets Britain Tracker, developed in collaboration with the Confederation of Indian Industry, identifies the top fastest-growing Indian companies in the UK. This year, 62 companies achieved an annual growth rate of 10% or more. Between them, these fastest-growing companies earned total revenues of over £12 billion. This is more than double the £6 billion achieved in 2018.
Tracker trends
Technology and telecoms companies continue to dominate the Tracker, as they have done since its launch in 2014. This year, they account for 35% of the fastest-growing Indian companies in the UK. Pharmaceutical and chemicals companies also have a strong presence, accounting for 16% of this year’s Tracker companies. Likewise, engineering and manufacturing companies account for 16% of the Tracker companies.
London remains the preferred location for more than half of the fastest growing Indian companies investing in the UK, with 53% choosing the capital as their home.
Here are the key stats for this year’s India meets Britain Tracker companies:
Download the India meets Britain Tracker for 2019
If you would like to discuss any matters arising in this publication or find out more about our work with Indian companies investing in the UK, please contact Anuj Chande.