-
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.
-
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.
-
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.
-
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.
- 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.
-
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
With India assuming the G20 presidency and the Asia-Pacific group due to host COP28, there is a significant opportunity for the country to highlight its constructive climate policies and showcase its capabilities to become a global clean manufacturing hub. However, with the ongoing market volatility and high global interest rates the deal situation remains subdued. Inflation continues to be sticky in most countries primarily due to unchanged external macro-economic circumstances – the Ukraine conflict, Sino-American rivalry and the post pandemic slowdown in China among others.
Among the sectors, the automotive sector recorded 16 deals, financial services 52 deals, retail and consumer sector 72 deals and technology sector 99 deals. In the tech sector, while the deal value remained subdued as compared to the previous year, there is a marginal improvement in the quarterly deal activity in Q2 2023, as compared to Q1 2023. The pharma and healthcare sector reported an increase in deal value, while the volume remained low. The deal activity shifted from healthtech organisations in the previous quarters, to hospitals.
H1 2023 highlights
- In the automotive sector, Samvardhana Motherson International Ltd.’s acquisition of SAS Autosystemtechnik GmbH & Co worth USD 578 million accounted for 51% of overall values in H1 2023 and marked the largest outbound deal in this sector since 2021.
- In the financial services sector, H1 2023 witnessed a 46% decline in volumes and a strong 92% decline in values recording only 92 deals valued at USD 3.7 billion. This is due to one of the biggest deals in Indian history ─ merger of HDFC and HDFC Bank worth USD 40 billion.
- In the pharma, healthcare and biotech sector, H1 2023 reported an 85% increase in deal values compared to H1 2022, despite marginally low deal volumes.
- In the retail and consumer goods sector H1 2023 saw only 150 deals valued at USD 2.8 billion, nearly a 50% drop in volumes and 61% decline in deal values over H1 2022.
- The deal activity in the technology sector experienced a substantial decline in H1 2023, with volumes falling by 46% and values dropping by 94%. Although there were notable high-value transactions, H1 2022 outperformed H1 2023 in terms of deal activity in the sector.
Key highlights – sector-wise: | |
Sector | Key highlights |
Automotive sector | 36% decline in overall volumes and a 92% decrease in values |
16 deals amounting to USD 98 million | |
PE segment drive deal activity aided by advanced technology such as electric vehicles, mobility-as-a-service (MaaS), and auto components (focused on EV components) | |
Financial services | 52 deals valued at USD 2.37 billion |
30% increase in deal volumes and a substantial 74% increase in overall deal values from Q1 2023 | |
Q2 2023 featured one billion-dollar deal and three high-value deals (more than USD 100 million) | |
M&A activity reported a marginal decline of 8% in deal volumes and a significant decline of 99.8% in deal values | |
PE space saw a marginal decline of 8% in deal values and a significant decline of 49% in deal volumes | |
Pharma, healthcare and biotech | 17% decline in deal volumes compared to Q2 2022; a remarkable 146% increase in deal values, from USD 1.3 billion in Q2 2022 to USD 3.1 billion in the current quarter due to a few significant transactions |
In PE deals, Temasek Holdings acquired stakes of Manipal Health Enterprises from TPG Capital Management for USD 2 billion, marking the sector's largest fundraise in 13 years. In another notable transaction, Blackstone Group bought stakes in Quality CARE India Limited ─ Care Hospitals for USD 560 million. |
|
M&A recorded a 60% increase in deal volumes, recording 16 deals. Deal values surged by 97% to reach USD 487 million, resulting in an average ticket size of USD 30 million, compared to USD 25 million in Q2 2022. | |
Retail and consumer | Deal activity declined by 43% with 72 deals valued at USD 1.5 billion as compared to Q2 2022. |
M&A values soared by 840% despite 14% decline in volumes over Q1 2023 driven by deals activity in the personal care segment that accounted for 58% of the M&A deal valued at USD 354.5 million. | |
PE activity recorded only 60 deals. | |
Technology | Compared to Q1 2023, there was a marginal increase of 15% in volumes and a significant increase of 270% in values. |
M&A activity in the quarter reported a 99% decline in values as compared to Q2 2022. | |
PE/VC investment volumes decreased by 38%, while values dropped from USD 2 billion in Q2 2022 to USD 900 million. | |
In terms of sector activity, the enterprise application/SaaS segment dominated, accounting for 56% of volumes and 66% of values with 55 deals valued at USD 749 million. |
Automotive sector Dealtracker | Financial services Dealtracker | |
Download PDF | Download PDF | |
Pharma, healthcare and biotech sector Dealtracker | Retail and consumer sector Dealtracker | |
Download PDF | Download PDF | |
Technology sector Dealtracker | ||
Download PDF |