Howlader Maria & Co.
January 6, 2023
January 6, 2023
December 19, 2022
Kreston Global firm, Kreston John & Gan, has supported their client ECA Integrated Solution Berhad to achieve IPO on the Malaysian market.
The ACE Market is a sponsor-driven market created for companies with growth prospects. ECA provides integrated production systems and automated machinery for the automated manufacturing industry. In addition, the business serves clients globally and offers integrated assemblies and mechanical test-handling equipment.
The Kreston Global partner in charge of this success is Declan Yong, pictured second from the left. Declan is an expert in auditing, including auditing several publicly traded companies and multinational enterprises with operations in various industries, including plantations, real estate development, manufacturing, hotels, forestry, information technology, and others.
In addition to audit engagements, he has contributed significantly to numerous corporate and special assignments, offering a wide range of transaction support services, including financial due diligence review, review of financial projections, forensic accounting, business valuation, and reporting accountant for initial public offerings, reverse takeovers, private debt securities, and other corporate restructuring plans. These skills have all contributed to the firms IPO success in the Malaysian market.
“We are delighted to be the business solution partner of ECA and help them achieve their business goals” -Declan Yong
October 26, 2022
We have a brand new episode – and brand new guests to go with it – from our podcast, The International Entrepreneur.
Join JohnMarcarian, founder of both Expatland Global Network and CST Global Tax Advisers, and Boon Tan, Managing Director of CST Tax Advisers Singapore to dig a little deeper into what makes a successful interpreneur, and why courage and resilience are the two most important traits for those looking to expand their business.
Listen here now: https://bit.ly/3CYGHzH
September 22, 2022
Crest Healthcare is a private limited group company encompassing several subsidiaries including Crest Life Sciences, Crest Topicals and Crest Hygiene. Crest Group is a leading manufacturer and supplier of a range of pharmaceutical products such as calcium and vitamin D3 suspension, azithromycin oral suspension, Multivitamin syrup and homecare products for various pharma and FMCG Companies. Clients include Cipla, USV, Indoco, J.B. Chemicals and Curever.
The Crest Group was acquired jointly by private investors who appointed Kreston SGCO in India to advise on all aspects of the complex deal. This involved acquiring a 100% stake in the group for the two investors via a Share Purchase Deal.
The deal comprises transfer of overall control and management of Crest Group of Companies along with transfer of possession of all the assets and manufacturing facilities of the companies. Products are manufactured at the Group’s state-of-the-art unit at Baddi, Himachal Pradesh and Sarigaon, Valsad.
The team at Kreston SGCO carried out a wide range of specialist work including:
Client comments: “This was an important acquisition for us and Kreston SGCO’s expertise and advice ensured a successful outcome.”
The team’s main advisers were Vidhi Shah, Dhwani Shah, Jay Bhatt and Soyeb Shah.
Keat Heng, ACCA, CPA has more than 17 years of experience in tax & accounting consulting services with international accounting firms including transfer pricing documentation, property valuation, business risk assessment, financing arrangement, M & A engagement, and cross border tax & accounting assignment.
Haing Sivtieng, MBA, CAT has been involving in tax and accounting services for more than 10 years with international tax, annual income tax, VAT, Withholding taxes, M & A and cross border assignment. She received her Certified Accounting for Technician from ACCA, UK and got a Master in Finance from the Nantes University of France. She speaks fluently in Chinese and English.
September 12, 2022
In Cambodia currently, some of the most pressing corporate issues are in the area of transfer pricing risk. Those risks are mitigated through understanding, planning, and compliance with tax regulations.
Taxpayers already face problems in the areas of intra-group sale and purchase transactions, related parties’ loan, salary and rental rates which often result in tax reassessments by the tax officer.
In 2017 Ministry of Economic & Finance issued Prakas on Determination of Revenue & Expenditure of Related Parties which covered arm’s length analysis, arm’s length range, methods that apply to arm’s length transaction, intra group services, and documentation.
August 30, 2022
August 18, 2022
Kreston SNR will be taking part in the International Climate Summit 2022 – Opportunities for Green Hydrogen in India, scheduled to be held in Bergen, Norway on 30 and 31 August 2022.
Kreston SNR is the knowledge partner to the Summit which has been organised by Greenstat of Norway and the PHD Chamber of Commerce and Industry (PHDCCI), in partnership with Invest India and other notable support partners.
The summit is an excellent opportunity to engage the international community in India’s transition journey from fossil fuel to zero carbon energy. A knowledge book on green hydrogen opportunities in India will be released on the first day of the summit. The book has been authored by Dr JP Gupta, Chairman of Kreston SNR Advisory Board, and the Chairman of the Summit with Mahendra Rustagi, CEO of Kreston SNR, also contributing an article on ESG.
The main feature of the summit is to showcase India’s unique position as an attractive destination for the production of green hydrogen due to the availability of renewable energy at the lowest price. This summit will undoubtedly attract interest from investors in this industry, safety companies, hydrogen production companies and R&D labs looking to collaborate with Indian partners for the production of green hydrogen to make India Aatam-Nirbhar (self-reliant).
Norway has been working with hydrogen for the last 125 years and is the front runner in the green hydrogen space today. This is an international event, involving several key territories, including Norway, the European Union, US and Japan.
Also, a delegation of around 100 participants from India and several large companies in the oil sector from Norway and the European Union are participating in the Summit, in person.
If you would like to attend, you can register here www.ics-hydrogen.com. Online registration is free.
August 16, 2022
July 19, 2022
Kreston firm, Brighture, shares its expertise in its latest newsletter covering financial news and updates from China.
June 28, 2022
Since the arrival of Crypto assets and ever-growing technology, investors face Cryptocurrency challenges as it has become much more dangerous with the lack of regulations and laws in place to reduce scams and crypto crime. Kreston Global member Ganesh Ramaswamy of K Rangamani and Associates LLP explains the impact this has had on Asia in Financial Regulation International.
May 11, 2022
Ganesh Ramaswamy of K Rangamani and Associates LLP explores some of the current challenges faced by cryptocurrency investors in China and India in Financial Regulation International.
The article looks at why investments in cryptocurrencies have become so risky in these jurisdictions, what is being done about the issue and the legal remedies available to investors in China and India. Ganesh also gives practical advice on keeping investments safe.
Read more here (subscription needed).
May 6, 2022
At COP 26, held in November 2021, one of the primary decisions was to reduce the global carbon footprint, by phasing out the usage of fossil fuels and increasing the usage of renewable energy. India made commitments at this meeting, including achieving Carbon Neutrality by 2070. The GOI has already issued guidelines for the large corporates (top 1000 companies by market capitalisation) to prepare Business Responsibility and Sustainability reports, effective from the current financial year, 2022-23.
Kreston SNR Advisors have positioned themselves as experts within their sector, promoting awareness of ESG and advising corporates regarding its framework—including policy formulation, implementation and reporting.
In the last year, Kreston SNR has been associated with many programs related to the environment, including International Climate Summit 2021 (New Delhi, Sept 2021) as a knowledge partner. Over 35,000 people participated in the summit, part of which were nine technical sessions by eminent speakers, including a few Nobel laureates. Along with many ministries under the GOI that partnered with the summit, Norway also showed its support as the country partner.
Kreston SNR Advisors has an advisory board with distinguished scientist Dr JP Gupta, as the Chairman, and other experts as members and are in the process of building a strong team with relevant experience to ensure the delivery of quality services.

Wee Kwang is a Chartered Accountant of Singapore, a Certified Internal Auditor with the Institute of Internal Auditors and a Certified Sustainability Reporting Specialist with the Institute of Certified Sustainability Practitioners.
He has more than 20 years of experience in auditing and assurance and was involved with implementing the Sarbanes-Oxley framework for American-related corporations during his three-year secondment in London with a Big 4 accounting firm. He has also undertaken and led engagements in internal audit, enterprise risk management and sustainability reporting for companies listed on the Singapore Exchange and Growth Enterprise Market board of the Stock Exchange of Hong Kong as well as charitable organisations. He has spoken on various platforms on the topic of sustainability reporting.
He was treasurer of Yuhua Citizen’s Consultative Committee from 2013 to 2019. He holds a Bachelor of Accountancy from NTU.
April 22, 2022
Koh Wee Kwang, partner at Kreston ACA PAC recently shared his views with the International Accounting Bulletin in the world survey. He was asked to comment on accountancy firms’ transparency to environmental, social and governance plans to prove their sustainability on the planet and society. His thoughts are that auditors could be in an advanced position with clients as they will be able to influence the boards with their ESG strategy. Read the full article below.
April 6, 2022
The US-based software company provides secure and convenient digital identity services for their clients’ customers, employees and partners. Ping Identity Corporation (Ping) was founded in 2002 and has offices across the globe, including India, Canada, the UK, France, Australia and Japan. Its many high-profile clients encompass 60% of the Fortune 100.
Ping acquired a software development company in India and decided to outsource the accounting, tax, GST, payroll and AP functions. The company was looking for an outsourcing partner with the right experience, skills and infrastructure.
Kreston Global’s Indian member firm, Kreston Rangamani, was chosen thanks to its global reach across various sectors and its streamlined, high quality service.
Kat McBride, Senior Accounting Manager at Ping, said:
“Kreston Rangamani is a powerful partner enabling us to perform our local operations seamlessly. They are experienced, intelligent, and strong advocates for our business. Simply put, we would not be as successful without them.”
Ananth Narayanan, Director at Kreston Rangamani, says:
“By evaluating the requirements and expectations of our clients, we provide a customised pricing structure, where the client pays for exactly what was used. Quality and time-to-market are the major attributes that make us a preferred outsourcing partner.”
Meera Murali, Operations Manager at Kreston Rangamani, added:
“We have been with Ping for the last four years and have built a strong relationship with their management team. Our team was able to sync with the Ping team quickly and were able to transition all the tasks smoothly within a short time span. The big advantage that we have is that our team quickly adapted to working according to Ping’s processes.”
April 5, 2022
The technology company was founded in 1997 by a professor and three doctorate students – and now operates in 28 countries worldwide. U-blox creates wireless semiconductors and modules for consumer, automotive and industrial markets, and chips and equipment for global navigation satellite systems.
As part of its international expansion, u-blox established an operation in India and wanted to outsource its cash flow management, payroll processing, financial statement preparation, tax processing and e-accounting services. The management team was seeking a skilled team of accounting professionals who could provide customised accounting solutions by using the latest versions of accounting tools at an affordable pricing structure.
U-blox chose Kreston Global’s Indian member firm Kreston Rangamani for outsourcing its functions, because Kreston Rangamani had the best infrastructure to provide quality outsourcing services. That was seven years ago, and the relationship continues today.
Carine Loo, Finance Manager for u-blox Asia Pacific, said:
“Kreston Rangamani’s team is very professional and knowledgeable. On several occasions, they have gone the extra mile to support us by providing professional advice on matters which are outside their scope of work. We appreciate their service and look forward to our continued cooperation.”
Rema Muraleedharan, Team Lead at Kreston Rangamani, commented:
“Our strengths have always been to serve our outsourcing clients across various time zones and have the ability to deliver results within a quick turnaround time.”
Shalini Singh, Manager at Kreston Rangamani, added: “We understood how the u-blox business worked, precisely analysed their requirements and that helped us provide highly customized solutions. We made use of some of the latest and updated versions of the best outsourcing tools and technologies to provide the best services to u-blox.”
If you would like support with the expansion of your tech business, please contact us using the form below.