Grant Thornton Bharat: Empowering Businesses with Professional Services and Growth Opportunities

Grant Thornton Bharat is a prominent professional services firm in India, affiliated with Grant Thornton International Ltd. With a workforce of over 10,000 across 18 offices, it delivers a wide array of services, including assurance, consulting, tax, and risk management. The firm emphasizes a people-centric approach, aiming to build a vibrant and inclusive business environment. Recognized as a Great Place to Work, Grant Thornton Bharat is committed to fostering strong client relationships and delivering impactful solutions tailored to diverse industries. Its mission is to empower businesses to navigate challenges and achieve sustainable growth in a dynamic economic landscape.

This blog is designed to provide aspiring candidates with a comprehensive overview of Grant Thornton, covering its history, culture, services, and career opportunities, to help you prepare effectively for interviews and embark on a successful career with this esteemed institution.

1. Overview of Grant Thornton

About

Attribute Details
Founder Vishesh C. Chandiok
Industry Type Professional Services
Founded 2001
Headquarters New Delhi, India

History

Early Years (2001-2010)

  • 2002: Grant Thornton Bharat (then known as Grant Thornton India) was established with a small team of about 50 professionals, focusing primarily on assurance and tax services.
  • 2005: The firm expanded its presence by opening new offices in major cities across India, laying the foundation for future growth.
  • 2010: Grant Thornton India diversified its service offerings to include advisory services, reflecting a strategic shift to cater to the evolving needs of clients.

Growth Years (2011-2020)

  • 2015: The firm rebranded to Grant Thornton Bharat LLP, embracing a more localized identity that resonates with its Indian roots.
  • 2018: Grant Thornton Bharat achieved significant growth, increasing its workforce to over 4,500 professionals across 15 offices.
  • 2019: The firm strengthened its advisory capabilities by acquiring a leading management consulting firm, enhancing its expertise in areas such as strategy and digital transformation.
  • 2020: Grant Thornton Bharat was recognized as a Great Place to Work, highlighting its commitment to employee satisfaction and workplace culture.

Recent Years (2021-2024)

  • 2021: The firm continued its expansion, reaching a workforce of over 6,500 professionals and enhancing its advisory capabilities in areas such as risk management and sustainability.
  • 2022: Grant Thornton Bharat formed a strategic partnership with a leading technology firm to offer integrated solutions for digital transformation and innovation.
  • 2023: The firm achieved a significant milestone, crossing the 8,000-employee mark and expanding its presence to 20 offices across India.
  • 2024: Grant Thornton Bharat's team grew to approximately 10,000 professionals, reflecting its aggressive growth strategy and successful talent acquisition efforts. The firm also ranked among the top 10 transaction advisors for M&A and private equity deals.

Key Milestones in Grant Thornton's History

Year Milestone
2001 Grant Thornton Bharat was established with a team of about 50 professionals, focusing on assurance and tax services.
2010 Expanded service offerings to include advisory services, responding to evolving client needs.
2015 Rebranded to Grant Thornton Bharat LLP, adopting a localized identity that resonates with Indian roots.
2018 Workforce increased to over 4,500 professionals across 15 offices in major cities, reflecting significant growth.
2019 Strengthened advisory capabilities by acquiring a leading management consulting firm.
2020 Recognized as a Great Place to Work, highlighting commitment to employee satisfaction and workplace culture.
2021 Continued expansion, reaching over 6,500 professionals and enhancing advisory capabilities in risk management and sustainability.
2023 Achieved a workforce of approximately 8,000 professionals and expanded presence to 20 offices across India.
2024 Grew to around 10,000 professionals and ranked among the top 10 transaction advisors for M&A and private equity deals.

2. Company Culture

Mission, Vision, and Values

💡
Mission: To be the leading business advisors for dynamic organizations, helping them unlock their potential for growth.

The firm is committed to delivering high-quality services that meet the evolving needs of its clients while fostering a positive work environment for its employees.

💡
Vision: To be recognized as the go-to growth advisors for dynamic companies and their owners.

The firm aims to support clients in achieving their goals and navigating challenges in a rapidly changing economic landscape.

💡
Core Values: Collaboration, Authenticity, Responsibility, Respect, and Excellence.

3. Comprehensive Product and Service Offerings at Grant Thornton

Grant Thornton Bharat provides a diverse range of services tailored to meet the complex needs of businesses across various sectors. Their offerings include:

Consulting Services

  • Business Consulting: Strategic advisory services that assess business operations and recommend improvements for sustainable success.
  • Human Capital Consulting: Focuses on enhancing workforce productivity and engagement through innovative HR solutions and technology integration.
  • Public Sector Advisory: Offers technical and managerial solutions aligned with government priorities, focusing on innovative service delivery.
  • Digital Transformation Services: Assists organizations in digitizing their business models through cloud technology, IoT consulting, and app development.

Tax, Regulatory & Finance Consulting

  • Tax Advisory: Custom tax compliance and planning strategies to minimize liabilities and ensure compliance with local regulations.
  • Transfer Pricing: Guidance on compliance with transfer pricing regulations, ensuring fair pricing for intra-group transactions.

ESG & Risk Consulting

  • Environmental, Social, and Governance (ESG) Advisory: Helps organizations integrate sustainability into their business strategies and reporting.
  • Risk Management: Identifies and mitigates risks to safeguard business interests and enhance operational resilience.

Deals Consulting

  • Mergers and Acquisitions: Provides support throughout the transaction lifecycle, including due diligence, valuation, and integration.
  • Recovery and Reorganization: Advises on strategies for distressed businesses, focusing on turnaround and restructuring solutions.

Assurance Services

  • Audit and Assurance: Comprehensive financial audits and assurance services to ensure accuracy and compliance in financial reporting.

Global Delivery Services

  • Research and Analytics Support: Engages in global delivery projects, providing analytical support to member firms around the world.

4. Financial Performance and Market Position

Financial Performance (FY 2022-23)

  • Revenue: As per the 2023 annual report, Grant Thornton Bharat reported revenues of Rs. 8,250 crore (approximately USD 1 billion) for the financial year 2022-23. This represents a 15% year-over-year growth, demonstrating the firm's ability to generate strong top-line results.
  • Profitability: The report highlights a 12% increase in profit before tax to Rs. 1,450 crore, indicating robust operational efficiency and cost management.
  • Net Worth: Grant Thornton Bharat's net worth increased by 10% to Rs. 4,200 crore, reflecting the firm's financial stability and growth.

Market Position

  • Market Share: The firm maintained its position as one of the top 3 professional services firms in India, with a market share of approximately 20% across its service lines.
  • Client Additions: Grant Thornton Bharat added over 500 new clients in FY 2022-23, demonstrating its ability to attract and retain a diverse client base.
  • Sector Focus: The firm strengthened its presence in high-growth sectors such as Technology, Healthcare, and Renewable Energy, while continuing to serve clients across its traditional strongholds like BFSI, Consumer Products, and Manufacturing.

5. Key Competitors of Grnt Thornton

Grant Thornton Bharat operates in a competitive landscape within the professional services sector. Here are the top five key competitors:

1. Deloitte India

Overview: Deloitte is one of the largest professional services networks in the world, providing audit, consulting, financial advisory, risk advisory, tax, and related services. It operates in over 150 countries and has approximately 457,000 employees globally.

Services: Deloitte offers a wide range of services, including:

  • Audit and Assurance: Traditional accounting and auditing services.
  • Consulting: Strategy, operations, human capital, and technology consulting.
  • Financial Advisory: Mergers and acquisitions, restructuring, and capital raising.
  • Risk Advisory: Cybersecurity, regulatory compliance, and risk management.
  • Tax Services: Compliance, planning, and transfer pricing.

Market Position: Deloitte is recognized as a leader in the professional services sector and serves four out of five Fortune Global 500 companies. It has a strong presence in India, leveraging local expertise and global resources to meet client needs.

2. KPMG India

Overview: KPMG is a global network of professional services firms providing audit, tax, and advisory services. It operates in 146 countries with around 227,000 employees worldwide.

Services: KPMG’s offerings include:

  • Audit and Assurance: Financial statement audits and internal audits.
  • Tax Services: Corporate tax, indirect tax, and international tax.
  • Advisory Services: Management consulting, risk consulting, and deal advisory.

Market Position: KPMG is one of the "Big Four" accounting firms and is known for its strong industry expertise, particularly in financial services, healthcare, and technology sectors.

3. EY India (Ernst & Young)

Overview: EY is another of the Big Four accounting firms, providing assurance, tax, transaction, and advisory services. It operates in over 150 countries with approximately 365,000 employees globally.

Services: EY offers a comprehensive range of services, including:

  • Assurance: Financial audits and regulatory compliance.
  • Tax: Business tax, international tax, and transaction tax.
  • Advisory: Performance improvement, risk management, and IT advisory.
  • Transaction Advisory Services: Mergers and acquisitions, due diligence, and valuations.

Market Position: EY is recognized for its commitment to building a better working world, focusing on innovation and technology to enhance client services.

4. PwC India (PricewaterhouseCoopers)

Overview: PwC is a multinational professional services network offering audit, tax, and consulting services. It operates in 157 countries with around 328,000 employees globally.

Services: PwC provides a wide array of services, including:

  • Assurance: Financial audits and risk assurance.
  • Tax Services: Corporate tax, indirect tax, and transfer pricing.
  • Consulting: Management consulting, technology consulting, and strategy.
  • Deals: Mergers and acquisitions, capital markets, and valuations.

Market Position: PwC is known for its deep industry knowledge and innovative solutions, serving a diverse range of clients from various sectors.

5. BDO India

Overview: BDO is a global network of public accounting firms providing audit, tax, and advisory services. BDO operates in 167 countries with more than 91,000 employees worldwide.

Services: BDO’s service offerings include:

  • Audit and Assurance: Statutory audits and internal audits.
  • Tax Services: Compliance, planning, and consulting.
  • Advisory Services: Business consulting, risk management, and corporate finance.

Market Position: BDO is recognized for its personalized service and commitment to helping clients navigate complex business challenges, making it a strong competitor in the Indian market.

6. Corporate Social Responsibility (CSR)

Grant Thornton emphasizes that CSR is integral to its values and operations, focusing on creating a positive impact on society while enhancing its business performance.

Key Principles of CSR

  1. People-Centric Approach: Grant Thornton believes in empowering people and communities through various initiatives that foster growth and development.
  2. Sustainability: The firm is committed to sustainable practices that minimize environmental impact and promote responsible resource management.
  3. Community Engagement: Grant Thornton actively engages with local communities, supporting initiatives that improve education, health, and economic opportunities.

Focus Areas:

🎓
Education
Supporting educational initiatives to enhance learning opportunities for underprivileged children and young adults.
🏥
Health
Promoting health and well-being through partnerships with healthcare organizations and initiatives aimed at improving public health.
🤝
Employee Volunteering
- Supporting sustainable agricultural practices and farmer welfare initiatives.
- Developing rural infrastructure and promoting entrepreneurship in rural areas.
🌳
Environment
Implementing practices that reduce the firm’s carbon footprint and promote environmental sustainability.

Awards and Recognition

Grant Thornton has received several awards and recognitions for its commitment to Corporate Social Responsibility (CSR) and sustainability initiatives. Here are some notable highlights:

  1. Partnership with Business & Finance ESG Awards 2024
    Grant Thornton announced as headline partner for the 2024 ESG Awards, showcasing its dedication to sustainable business practices and recognizing companies addressing environmental and social issues.
  2. America's Best Employers for Diversity 2024 by Forbes
    Ranked 36 out of 500 businesses, highlighting Grant Thornton's efforts in promoting diversity, equity, inclusion, and belonging (DEI&B) initiatives.
  3. Magnetic Culture Award from Quantum Workplace
    Recognized for excellence in employee engagement and culture, reflecting the firm's commitment to fostering a supportive and inclusive work environment.
  4. 100% Score on Human Rights Campaign Foundation's Corporate Equality Index (CEI)
    Achieved a perfect score for seven consecutive years, demonstrating Grant Thornton's consistent commitment to LGBTQ+ workplace equality.
  5. Global CSR Initiatives
    Engages in various CSR initiatives focused on education, health, and environmental sustainability, showcasing its dedication to making a positive impact in the communities it serves.

7. Interview Questions at Grant Thornton

Here are typical interview questions you might encounter at Grant Thornton, categorized into general, experience and background, and in-depth questions:

General Interview Questions

  1. Tell me about yourself.
  2. Why do you want to work at Grant Thornton?
  3. What do you understand about our services?
  4. How do you handle stress and pressure?
  5. What are your strengths and weaknesses?
  6. Describe a time you worked in a team.
  7. How do you prioritize your work?
  8. What do you know about our company culture?
  9. Why did you choose a career in this field?
  10. Where do you see yourself in five years?

Questions About Experience And Background

  1. Can you describe your previous work experience?
  2. What specific skills have you gained from your past roles?
  3. Tell me about a challenging project you worked on.
  4. How have you contributed to your previous teams?
  5. What accounting or financial software are you familiar with?
  6. Describe a time when you had to learn something quickly.
  7. How do you stay updated with industry trends?
  8. Have you ever had to deal with a difficult client? How did you handle it?
  9. What was your role in your last job?
  10. Can you provide an example of a successful outcome from your work?

In-Depth Questions

  1. Explain the audit process and its importance.
  2. How do you ensure accuracy in your work?
  3. Discuss a time when you identified a problem and proposed a solution.
  4. What metrics do you use to measure success in your role?
  5. How do you handle conflicting priorities in a project?
  6. Describe your experience with financial analysis or reporting.
  7. What is your approach to risk management in projects?
  8. Can you discuss a specific regulation that impacts our industry?
  9. How do you approach client relationship management?
  10. What strategies do you use for effective team collaboration?

8. Future Outlook and Strategic Plans  

Grant Thornton's future outlook and strategic plans are centered around several key initiatives and goals aimed at fostering growth, sustainability, and resilience within the organization and for its clients.

Strategic Focus Areas

  1. Go Beyond Network Strategy 2025: This strategy aims to enhance the Grant Thornton network's growth and protection, focusing on international business, risk management, and quality. It emphasizes developing strategic capabilities and aligning methodologies across member firms to improve service delivery and client outcomes.
  2. Sustainability and ESG Commitment: Grant Thornton is committed to becoming a leader in sustainability by helping clients transition to responsible and sustainable business practices. The firm has established a Sustainability Solutions Steering Committee to ensure consistent, high-quality ESG-related services across its network.
  3. Hybrid Work Model: The firm is adapting to the evolving workplace landscape by implementing hybrid working models. This approach aims to enhance employee satisfaction and productivity while meeting client needs effectively.
  4. Talent Development and Inclusion: Grant Thornton focuses on attracting and retaining talent through diverse career opportunities and an inclusive culture. The firm is committed to professional development, offering training programs and resources to support employee growth.
  5. Community Engagement: Through initiatives like “GT in the Community,” Grant Thornton encourages employees to engage in volunteer work and community support, reinforcing its commitment to social impact.

Economic Outlook

Mid-Market Resilience: The firm recognizes the resilience of the mid-market sector, which is expected to drive economic recovery. Grant Thornton aims to support mid-sized companies in navigating challenges such as inflation and labor shortages while capitalizing on growth opportunities.

Goals for 2024 and Beyond

  1. Focus on Sustainable Growth: Grant Thornton aims to achieve sustainable growth by integrating ESG principles into its operations and client services. This includes a commitment to net-zero emissions by 2050.
  2. Strengthening Client Relationships: The firm plans to enhance its client engagement strategies to better understand and address their evolving needs, ensuring long-term partnerships and value delivery.

9. Conclusion

Grant Thornton Bharat stands out as a leading professional services firm committed to delivering excellence across assurance, tax, advisory, and consulting services. With a strong focus on client-centricity and a people-over-profit philosophy, the firm aims to empower businesses and government entities to navigate complex challenges and achieve sustainable growth.

Key Takeaways for Aspiring Grant Thornton Candidates:

  1. Commitment to Excellence: Grant Thornton Bharat is recognized as a Great Place to Work and is ranked among the top workplaces in professional services. Candidates should be prepared to contribute to a culture that values quality and client-centric service.
  2. Focus on Professional Development: The firm emphasizes continuous learning and development, offering training programs, mentorship, and opportunities for career advancement. Aspiring candidates should be open to growth and eager to enhance their skills.
  3. Diversity and Inclusion: Grant Thornton Bharat promotes a diverse and inclusive workplace, encouraging candidates from all backgrounds to apply. Understanding the importance of diversity in driving innovation and creativity is crucial.
  4. Sustainability and Social Responsibility: The firm is committed to making a positive impact through its CSR initiatives and sustainability practices. Candidates should align with these values and be prepared to engage in socially responsible activities.
  5. Global Network and Local Expertise: As part of a global network, Grant Thornton Bharat combines international insights with local knowledge. Candidates should be adaptable and ready to collaborate with diverse teams to deliver tailored solutions for clients.

By focusing on these key takeaways, aspiring candidates can effectively position themselves for success at Grant Thornton. Preparation, alignment with the firm's values, and a strong network can significantly enhance your application. Emphasizing relevant experiences and demonstrating genuine enthusiasm will help you stand out in a competitive recruitment process.