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 Thornton’s UStax services practice.
The venture marks Grant Thornton’sfirst 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.
“We’re 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. “We’re 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 Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.