Office No. 2, 1297 Nilkanth, Shivaji Nagar
August 30, 2022
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
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.
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.
December 7, 2021
Kreston Global member Ganesh Ramaswamy of K Rangamani and Associates LLP was invited to share his views with Law360 on BEPS 2 and the impact it would have on SMEs. Ganesh offers excellent advice, discussing options that SMEs who carry out cross-border business should consider, from evaluating their operational structures from a tax perspective to their reporting processes and any costs involved from the new tax initiative.
Read the full article here.
August 16, 2021
By Ganesh Ramaswamy, Partner at K Rangamani and Associates LLP
(Published in the International Accountant)
“In recent years, the world has seen several major events which have caused huge global shifts in trade power. One such event is Brexit. While this development is likely to slow down trade and disrupt supply chain activities between the UK and the EU, it could also lead to hugely beneficial opportunities for countries and businesses in other regions, especially Asia. Brexit, in particular, has made the UK and the EU look to increase trade with other countries.”
Ganesh Ramaswamy’s latest piece discusses the varying impact of Brexit expected to be felt across the Asian continent and how one should make note of the UK’s novel negotiating position in reference to any new or upcoming FTAs with the region.
Read the article in the International Accountant magazine.
July 8, 2021
July 2, 2021
The company has more than 60 years of experience in the development and production of automotive components. It has affiliated companies in Italy, USA, Mexico, Brazil, China and India, and sells products to more than 70 countries. Its markets include industrial vehicles, buses, trains, agriculture and construction machinery, boats, motorcycles and cars.
The group was expanding its operations in Brazil, China, India, Mexico and was seeking local firms to ensure compliance with local laws and to audit the subsidiary financial statements for consolidation purposes.
DOGA Group’s management team was unhappy with the performance of the local accounting firms they were using at the time. They discussed their needs with Kreston Spanish member firm Kreston Iberaudit which the company already used for other services. Kreston Iberaudit explained the advantages of using the Kreston Global network, and DOGA subsequently began working with Kreston Partnership in Brazil. They were so pleased with its work that they appointed Kreston Global member firms in India and Mexico (Kreston Rangamani & Kreston BSG) to carry out similar work.
Montse Martin, the company’s Finance Director, said: “DOGA Group has engaged the services of Kreston’s Partners in Spain, Brazil and China for Audit, Tax and Transfer Pricing matters for several years. As a result of this mutually beneficial relationship, we are now turning to Kreston firms in India and Mexico to assist our international subsidiaries.
“To date, we have been extremely impressed with the dedication of the Kreston Partners and their ability to provide a personalised service throughout, tailored to the requirements of each of our affiliates.”
“The cohesion between members across the network is one of Kreston’s greatest strengths and we look forward to their continued support”.
Elena Ramírez Marín, lead client partner for DOGA Group at Kreston Iberaudit, commented:
“It has been very gratifying to help our friends at DOGA expand their international operations. The work has also highlighted the tremendous benefits the Kreston Global network gives to both clients and member firms.”
