US-based audit, tax & advisory organization Allinial Global, announces alliance with KNAV, advisory firm for Indian-owned multinational companies to expand its services in India. Under the alliance, KNAV will be a member firm for the $1.6 billion Allinial Global.
The India-US bilateral trade in goods and services crossed the elusive $100 billion threshold last year. Both the countries have set a trade target of $500 billion on the backdrop of PM Modi's Make-in-India Initiative.
"India is a priority market for large global consulting firms to do business in. To provide greater choice to Indian companies who are seeking world-class tax, risk & business advisory solutions apart from cross border services we are forming an alliance with KNAV," said Terry Snyder, President & CEO, Allinial Global. Snyder added that many entrepreneurs in US are willing to invest in India and Allinial will play a major role in the execution of this investment.
"We are delighted to induct all firms within KNAV International as members of Allinial Global and are committed to provide them with the support and tools they need to better serve their clients across the globe and in India, which is a market of strategic importance to our organization," said Snyder.
Founded in 1969, Allinial Global has 97 member firms, 1,393 partners and a work force of 8,284 people.
"Our association with Allinial Global will provide us the outreach to state of the art tools, methodologies, global subject matter experts and a vast array of resources in their countries of operations. This will further strengthen the value proposition for our clients on one part and fast track the professional development of our people on the other", said Monish Gaurav Chatrath, Managing Partner, MGC & KNAV Global Risk Advisory Services and Global Markets Leader at KNAV.
KNAV that operates in 9 countries and has been in action in India and USA since 1999 feels that the alliance will help Indian service companies to set up their base in US.
Chatrath also revealed top managerial changes in KNAV to
BW Businessworld, saying that Nishta Sharma has been appointed Managing Partner, Khozema Anajwalla assumes the role of International Practice Partner and the Head of Assurance for India and Monish Chatrath takes over as the Global Markets Leader while continuing to lead the charge at MGC & KNAV Global Risk Advisory Services.
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The author is Senior Correspondent with BW Businessworld
