Outgoing ACS President Kumar Parakala has taken up a new role as the head of the IT advisory business at KPMG in India.
The two year secondment based in Bangalore will see Parakala aim to put the business on a growth trajectory.
Parakala, formerly the COO of KPMG’s IT advisory business, will continue as a partner at the firm and as the global head of sourcing.
According to Parakala, who has been liaising between the Australian and Bangalore operations for the last six months, KPMG will look to support both Indian and multinational IT organisations operating in the country.
“One of the things we will do is build up our business in India which is aligned to support local businesses as well as those that come to set up their operations in India,” he said. “We will advise them on a gamut of things [including] tax, audit and business management services.”
KPMG’s decision to appoint an Australian to the role was based on a cultural fit between India and Australia, Parakala said.
“There is a tremendous amount of respect for Australian management skills and the Australian way of running businesses,” he said. “They are highly regarded for their management style, open approach to addressing challenges and coming up with practical solutions, ability to communicate and connect with people of all levels.”
“India is in a tremendous need for senior management talent and there are many Australians already working in India in a management capacity… so that is a great sign of how good our people are.”
As reported by Computerworld, Parakala hinted at his move to the new role in October.