India presence imperative as part of worldwide expansion: CLA Global
CLA Global to establish a presence in this market as part of its ambitious global expansion strategy, said G Scott Engelbrecht, chairman of the accounting and auditing network.
CLA Global is among the non-Big Four professional services networks, such as RSM, Baker Tilly, HLB, Mazars and Nexia, which, driven by the significant opportunities presented by India's growing economy, are rapidly scaling up their presence in the country.
Last year, the network expanded its footprint in India, when the Baker Tilly India Business Advisory and Consulting Services team joined CLA Global as a member firm.
Within six months of joining the network, CLA Global Indus Value Consulting in India, the new entity, expanded to over 20 partners and 300-plus employees, offering advisory services across various domains like tax, cybersecurity, forensics, data and digital analytics, and technology implementation.
«Globally, we are structured into 14 industry groups across five service lines, and our India partners are also closely aligned to that structure. By leveraging common resources and services, we anticipate mutual growth and collaboration within our network,» said Engelbrecht.
The firm globally focuses on mid-market clients that are not yet listed and don't face significant regulatory scrutiny, yet are rapidly growing and profitable — a segment that is quite large in India as well.
«Currently, CLA Global operates in 12 countries, and by the end of 2024, it aims to have a presence in 30 countries as the firm is conducting due
