So, you know how offshoring is changing the game for financial consulting? BINDZ is becoming a popular partner for American companies wishing to enter the Indian market. What is their secret? The standard for tax support and outsourced accounting is being raised via a novel Build-Operate-Transfer (BOT) approach.
What distinguishes it is their capacity to facilitate global companies’ entry into India’s thriving talent pool. In contrast to conventional outsourcing approaches, it’s strategy makes use of their specific knowledge to reduce risk and increase efficiency.
Building a solid and knowledgeable basis for their clientele is the main goal of its creative business concept. By doing this, they’re opening the door for American businesses to enter the Indian market without experiencing the typical growing pains. It is at the forefront of this daring new strategy, which is having positive results!
Given the growing need for Global Capability Centers (GCCs) in India, it joins the market at a perfect moment. In order to access specialised, high-quality consulting solutions, foreign businesses, such as US CPA companies, advisory firms and other financial institutions, are increasingly turning to boutique suppliers in addition to more conventional major consulting and outsourcing organisations. This makes its offering particularly alluring. India’s increasing importance in the financial services sector is further shown by the recent spike in private equity investment and small businesses entering this market. India stands out for its depth of talent, high educational standards and decades of corporate investment—especially in complex domains like tax consulting and auditing—even though nations like South Africa, the Philippines and emerging markets in Latin America also provide cost advantages to U.S. firms. With a youthful and diverse leadership team committed to training the next generation of financial consultants, it is ready to take the lead. Read this exclusive interview with Sirish Korada – Managing Director & CEO of BINDZ to find out how !
Which major developments are currently influencing the financial consulting and outsourcing sectors?
Globalisation, digitalisation and changing expectations are all driving changes in the financial consulting and outsourcing sectors. Financial services are changing as a result of digital transformation, with automation, artificial intelligence and data analytics improving accuracy and efficiency. The scope of offshore financial consultancy is expanding beyond conventional markets like the U.S. and the U.K. to include emerging economies like Japan and Germany. With companies providing specialised solutions in investment banking, accounting, corporate activities and HR services, India remains a top choice for financial services outsourcing.
What distinguishes them from the conventional GCC models?
In contrast to conventional Global Capability Center (GCC) concepts, they have adopted a novel approach. In the traditional GCC model, the foreign company must assume and undertake all the risk and significantly higher investment in the initial years to set up their GCC at the offshore location themselves. By using a highly specialised Build-Operate-Transfer (BOT) approach and it is under SAPRO LLC offering GGC as a service (GCCaaS), we can avoid this. Foreign enterprises can use it’s capabilities to set up, operate and streamline all processes and businesses for their clients thanks to the BOT model, which provides a fully customisable and client-centric framework. Including essential business deliveries at a reduced cost and with a risk-sharing approach.
What turning points has it made recently in its expansion process?
It has made significant strides in its growth, enhancing its standing in the Indian financial consulting market. Its ability to effectively scale its staff to meet CBIZ’s expanding operational needs is one of its major achievements. With complete solutions in tax, audit, advising, insurance, technology and corporate functions, the organisation is also growing its service portfolio. The announcement of it’s second facility in India less than a year after its founding is another noteworthy accomplishment. It will soon have a fully functional center in Hyderabad in addition to Bengaluru, where it now has its headquarters!
In what ways is it tackling the skill gap and lack of talent in the financial consulting industry?
It is actively addressing the skill gap and talent deficit by utilising India’s sizable and highly qualified workforce. To guarantee a consistent supply of personnel with training in international financial standards, the organisation funds collaborations with leading educational institutions and continuous learning initiatives. Additionally, it prioritises upskilling programs by incorporating advanced technologies like automation and artificial intelligence into its training curricula. In addition to attracting top talent, it makes sure staff members are prepared to handle the changing needs of financial consulting by promoting a culture of continuous development and offering a dynamic work environment.
What plans for growth or future projects does it have planned for 2025?
It has a bold plan for 2025 that emphasises growth, innovation and service improvement. In order to increase service resiliency and broaden its talent pool, the company intends to expand outside of Bangalore by opening offices in several other locations. Furthermore, it wants to advance its AI-powered automation projects by creating in-house solutions for risk assessment, accounting and tax processing. Extending its corporate finance and advisory services to meet a wider range of financial consulting demands is another important area of concentration. In order to strengthen its standing as a reliable financial consulting partner, it’s parent firm, SAPRO LLC, is also looking into strategic alliances to duplicate its profitable BOT model with other clients throughout the world.
