Grant Thornton announced the opening of the Grant Thornton Shared Services Centerin Bangalore, India, on January 3, in collaboration with Grant Thornton India LLP. The center will initially serve clients of Grant Thorntons UStax services practice.
The venture marks Grant Thorntonsfirst shared services center in the world. This tax center will open with 145 employees, with plans to recruit more than 500 intotal in the medium term.
Were always looking for opportunities to improve our operational efficiencies for our clients, said Stephen Chipman, chief executive officer of Grant Thornton LLP.
The Grant Thornton Shared Services Center will also enhance our opportunities to access and develop global talent, bringing our employees more prospects for international assignments, as well as projects that offer industry exposure, technical growth and leadership.
Current employees of the center have diverse prior experience and are highly skilled in both individual and business US tax knowledge. In addition, Dan Powers, who has been a tax partner at Grant Thornton LLPin the United States, will spend two years at the center to oversee the tax services operations.
It isrewarding to provide an exciting employment opportunity to some of the most talented local professionals in this market,said Sanjay Thirumalai, managing director of the Grant Thornton Shared Services Center. Were also excited to offer Grant Thornton clients in the USa high-quality global delivery platform.
Employees at the center will have access to various learning and development programs, both in tax services as well as overall professional development.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.