Mukund Shiva & Associates (MSA), an Indian chartered accounting firm, has established a special advice desk to improve the financial and regulatory assistance for Global Capability Centers (GCCs) doing business in the nation.
The newly created desk aims to provide expert-led services and forward-looking advice support in order to satisfy the growing financial, tax, and compliance requirements of GCC countries.
Multinational corporations are depending more and more on their Indian operations for essential business services like finance, analytics, information technology, and procurement as India continues to establish itself as a major global hub for competence centers.
Managing compliance and financial monitoring becomes more challenging as these organizations grow. MSA has put together a cross-functional team of financial analysts, compliance experts, and chartered accountants to address these demands.
According to the business, the team has a wealth of expertise assisting international organizations in the Indian regulatory framework.
The desk will provide a range of advice and implementation services and function as a single point of contact for customers throughout the GCC.
Assistance with income tax, GST, and transfer pricing agreements that minimize risk and maximize cost structures are among its services.
The desk will also assist with paperwork procedures, money repatriation planning, and compliance with foreign exchange management.
Enhancing transparency and internal controls is the goal of the portfolio, which also includes risk assessments, regulatory filing assistance, and internal audit services.
Clients will also have access to personalized financial reports and insights that are in line with international reporting standards.
Guidance on choosing operational structures, creating standard operating procedures, and guaranteeing adherence to Indian financial requirements would be provided to new GCC companies joining the Indian market.
Flexible engagement options, such as monthly retainers and project-based agreements catered to the size and stage of growth of each GCC, are available for these services.
More than 1,600 GCCs are already operating in India, and the number is rising as more foreign businesses expand their operations there, the company said in a news release.
These centers are frequently charged with upholding local regulatory requirements while preserving global alignment, a task that calls for specialized financial advice help.
According to MSA, it has already helped early-stage GCC companies in sectors including retail, SaaS, IT, and automotive transition from reactive compliance procedures to proactive financial management.
The establishment of the GCC Advisory Desk is a component of MSA’s larger plan to create industry-specific service solutions for rapidly expanding sectors.
Future plans include for the implementation of training programs for finance teams in GCC countries, improved assistance for ESG compliance, and the integration of AI-enabled reporting tools.
MSA director Mukunda said: “Most GCCs either over-rely on in-house teams or work with fragmented service providers. Our idea is to step in with focused, centralised expertise. “This is not just a service launch – it’s a long-term commitment to the evolving needs of the GCC ecosystem.”
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
