PrimeGlobal expands presence in India with four members
International accounting and advisory network PrimeGlobal is rapidly expanding its coverage in India – a key market in the firm’s global growth strategy.
PrimeGlobal is among the ten largest associations of independent accounting and advisory firms across the globe, currently operating with 300 member firms in 90 countries across the world. So far in 2020, the network has been engaged in concerted efforts – led by Executive Director for PrimeGlobal Asia Pacific George Guo – to expand its India presence, adding four Indian member firms since the start of the year.
MHA & Associates is a Hyderabad-based firm offering a host of professional services, ranging from auditing & assurance to GST compliance, transfer pricing, outsourcing & payrolling, income tax advisory and forensic audits, among a whole host of others. The firm boasts a clientele that spans most major states in India, with some generating a turnover of up to Rs. 200 crore.
Pioneer One Consulting is based in Chennai, and its value-added accounting and advisory services include audits, payrolling, tax compliance and regulatory compliance, among others. Pioneer One serves clients of all sizes – from small and medium enterprises to large corporates – and operates with the underlying objective of drawing foreign investment into India.
MS Chhajed & Co. is an Ahmedabad-based chartered firm specialising in assurance, advisory and tax services. The firm is tech-focused and looks to meet the evolving accounting needs that are emerging in a digitalised world. The small, sub-ten team of professionals has grown its client-base steadily since it was formed in 1988.
Suresh & Co was founded in Bengaluru in 1968, and has since grown into a practice with nine partners and an additional branch in Chennai. The firm’s suite of services includes audit and assurance support, M&A transaction services, tax & regulatory compliance, as well as investment banking support for family businesses.
All four firms now add to PrimeGlobal’s presence in India. PrimeGlobal Chief Executive Officer Steve Heathcote indicated that India’s expanding economy was an appealing prospect for the firm. As thousands of businesses look to rebuild in the wake of Covid-19, Heathcote expects demand for professional services to keep rising in the near term.
“I am delighted that PrimeGlobal has strengthened our position in India. During challenging times, we are really proud that we continue to attract dynamic members who are leading the way to help their clients use technology and build the foundations necessary for grow. Our member firms have a critical role to support business and build economic confidence. We are all learning from their positivity, global mindset and innovation,” he said.
The India expansion builds on PrimeGlobal’s record expansion efforts in the last fiscal year, which saw the firm register a 10% revenue increase to reach $3 billion. The network’s headcount also jumped by 7% over the period to reach 24,000 professionals.
