Finance and Accounting GCC in India
Pune is the cost effective home of Finance GCCs in India, producing 18 percent of national Chartered Accountant finalists. Mumbai owns Banking, Financial Services and Insurance treasury and capital markets. Bangalore anchors Finance technology and Financial Planning and Analysis at scale.
Why India for Finance GCC
- India produces 30,000 plus Chartered Accountants every year (Institute of Chartered Accountants of India).
- Pune is 15 to 20 percent cheaper than Bangalore for Finance roles, with the lowest Finance attrition in India.
- United States Certified Public Accountant and United Kingdom Association of Chartered Certified Accountants pool: 60,000 plus practitioners in India.
- Mature shared services and Centre of Excellence ecosystem since the early 2000s.
City choice (primary: Pune)
Cost leader, deep Chartered Accountant pool, lowest attrition. Default choice for Record to Report, Order to Cash, Procure to Pay, Financial Planning and Analysis and Tax.
Best for Banking, Financial Services and Insurance treasury, capital markets, regulatory reporting.
Best for Finance technology partnership, Enterprise Resource Planning transformation, Generative Artificial Intelligence in Finance.
Typical charters
General ledger, close, consolidation, intercompany, statutory.
Billing, collections, credit, cash application, dispute management.
Vendor onboarding, invoice processing, payments, vendor reconciliation.
Budgeting, forecasting, business partnering, management reporting.
Direct and indirect tax, transfer pricing support, cash management, internal and external audit liaison.
Cost band
An 80 Full Time Equivalent Finance GCC fully loaded: USD 2.0 to 2.6 million per year in Pune. Comparable United States team: USD 6.5 to 8.0 million.
Benchmarks
- CA Manager (Controllership): INR 26 to 48 lakh in Bangalore, 22 to 42 lakh in Pune.
- Senior Manager FP&A: INR 48 to 90 lakh in Bangalore, 42 to 78 lakh in Pune.
- Time to live Record to Report tower: 90 to 120 days for 30 Full Time Equivalents.
Frequently asked questions
Cost is 15 to 20 percent lower, the Chartered Accountant pool is the second largest in India, and attrition is the lowest of the four hubs. The Indian Institute of Chartered Accountants of India’s GCC handbook leans Pune for Finance for the same reasons.
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Plan your Finance GCC
Send us your scope and target headcount. We come back with a charter, city recommendation, fully loaded cost and 90 day go live plan.