Grant Thornton UK LLP's India Tracker 2014 report jointly developed in collaboration with the Confederation of Indian Industry monitors UK registered businesses with ultimate Indian parent companies to identify the fastest-growing corporates by turnover and employment size. It is brought out that there are currently over 700 Indian-owned small to large sized businesses in the UK, collectively employing over 100,000 individuals. Of these, 41 organisations were identified as experiencing year-on-year growth rates of more than 10%, with more than half (26 corporates) demonstrating particularly strong growth in excess of 20%.
The pharmaceutical / chemical and technology / telecoms sectors represent over half of the organisations in the Top 41 (22% and 32%, respectively); although the automotive, transport and engineering and manufacturing sectors are also strongly represented.
Geographically, the Top 41 had operations spread across the UK, with 29% based in London, 32% based in the South, 29% in the North and 10% based in the Midlands.
The report also identifies 12 Indian corporates which each employ more than 1,000 people in the UK.