So what differentiates GT from the once big eight, to now the big four global accounting and consulting firms (PwC, Deloitte, 
Ernst & Young, KPMG). “We have no ambitions of wanting to be a part of that group. Our focus is quite different from the focus of those firms, which is to be the auditors of the top 1000 companies. Our focus is to concentrate on the mid-market segment,” explains Chandiok. Besides, GT’s focus clearly remains on privately-held businesses or promoter driven companies, where the promoters require solutions; it could be listed, it could be unlisted, very large firms, generally where promoters are actively involved in the management and where the requirement stems beyond merely the compliance requirement of audit. This is in stark contrast to other accounting firms that are present through the length and breadth of the industry. “Whatever market we specialise in, we remain the leading firm. So, if in India our key focus areas are technology, real estate and healthcare, we are the clear leader in real estate,” Chandiok points out.
As Indian businesses continue to realise their ambition to become global companies by scaling their operations, advisors too are raking in big money. The total deal value including M&A and Private Equity has reached $70.14 billion ($51.11 billion for M&As and $19.03 billion for PE) in 2007, as against $28.16 billion in the previous year. Consider PE investments only in India. From just 60 deals worth $1.1 billion in 2004, the number has reached a whopping 405 deals worth $19.03 billion in 2007. “Outbound acquisitions is one area where we have worked a lot. We were involved with some of the most high profile ones,” says Chandiok. These include the i-flex’s acquisition of Mantas, Subex acquisition of Azure systems, formula one acquisition by Vijay Mallya, just to name a few. But the jewel in GT’s crown is being ‘the most active nominated advisor (merchant banker)’ for companies looking to list at the Alternate Investment Market (AIM) platform on London Stock Exchange (LSE).
Ernst & Young, KPMG). “We have no ambitions of wanting to be a part of that group. Our focus is quite different from the focus of those firms, which is to be the auditors of the top 1000 companies. Our focus is to concentrate on the mid-market segment,” explains Chandiok. Besides, GT’s focus clearly remains on privately-held businesses or promoter driven companies, where the promoters require solutions; it could be listed, it could be unlisted, very large firms, generally where promoters are actively involved in the management and where the requirement stems beyond merely the compliance requirement of audit. This is in stark contrast to other accounting firms that are present through the length and breadth of the industry. “Whatever market we specialise in, we remain the leading firm. So, if in India our key focus areas are technology, real estate and healthcare, we are the clear leader in real estate,” Chandiok points out.As Indian businesses continue to realise their ambition to become global companies by scaling their operations, advisors too are raking in big money. The total deal value including M&A and Private Equity has reached $70.14 billion ($51.11 billion for M&As and $19.03 billion for PE) in 2007, as against $28.16 billion in the previous year. Consider PE investments only in India. From just 60 deals worth $1.1 billion in 2004, the number has reached a whopping 405 deals worth $19.03 billion in 2007. “Outbound acquisitions is one area where we have worked a lot. We were involved with some of the most high profile ones,” says Chandiok. These include the i-flex’s acquisition of Mantas, Subex acquisition of Azure systems, formula one acquisition by Vijay Mallya, just to name a few. But the jewel in GT’s crown is being ‘the most active nominated advisor (merchant banker)’ for companies looking to list at the Alternate Investment Market (AIM) platform on London Stock Exchange (LSE).
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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4 comments:
IIPM is truly world class
IIPM programmes are the best
great article
the sunday indian great initiative by prof. arindam chaudhuri
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