ASA becomes Baker Tilly International member firm for India
As it looks to support clients setting up presences in India, Baker Tilly International has welcomed ASA Corporate Catalyst into its global network of member firms. The Indian consultancy works with companies looking to set up operations in the country.
Baker Tilly International is a consulting and public accounting firm, headquartered in London. With member firms spread across 700 offices, and 145 territories, it commands a headcount of more than 41,000 people, and an global revenues of close to $5 billion. This makes its combined network the ninth largest professional services network in the world.
As Baker Tilly International looks to build on that worldwide profile, it has announced the addition of a new member firm in India. Consultancy and accounting firm ASA Corporate Catalyst has joined the Baker Tilly International’s network with immediate effect.
Francesca Lagerberg, CEO of Baker Tilly International, commented, “ASA is an important and exciting addition to the Baker Tilly International network, and I am delighted to welcome them on board. As with all our member firms, they have a global outlook and reach combined with local expertise and agility, offering real value-added advice to both international and domestic India clients.”
ASA is one of the largest domestic accounting and consulting firms in India. Founded in the early 1990s, it has a team of more than 1,000 professionals across eight offices across the country. It works with international clients to help them set up offices and factories in India, amid rising interest in the rapidly growing economy. Among its services, ASA helps new arrivals find partners, advises on tax issues, offers assurance, accounting and business support requirements – along with help with restructuring and liquidations.
Speaking on becoming part of a global network, Ajay Sethi, managing partner at ASA, said, "We are thrilled to announce our membership of the Baker Tilly International network, a move that underscores our commitment to providing our clients with world-class advisory services. This enables us to tap into a vast pool of resources, share best practices, and leverage the collective expertise of a global network. Together, we will create new opportunities for our clients and contribute to their success on a global scale. We look forward to working with our new colleagues in the Baker Tilly network based all over the world."
The move comes as British businesses strengthen ties with the Indian market. India is seen as a major economic opportunity by many business leaders. The country’s GDP is anticipated to expand by 6.5% in the current fiscal year, despite risks emerging from a global slowdown – and its huge population of 1.4 billion people, alongside its historically low income economy, means there is plenty of room for further wealth creation in the coming years. As a result, some sources believe rates of UK-India trade could double before 2030.
Other consulting firms are also looking to tap into the opportunities this offers up. The UK arm of Grant Thornton is drawing up plans to invest millions of pounds in its Indian sister firm, while Kearney has also been moving into the market by way of local acquisitions.