PwC & Deloitte plan to expand India Operations
Date: 01-08-2007
Source: The Financial Express
Two of the big four audit & consulting firms are in an expansion mood. As Deloitte is preparing to expand its India operations to become one of the top two consulting firms so far as the India business is concerned, PricewaterhouseCoopers (PwC) has decided to double its employee strength from 4500 to 9000 in the next four years.
PwC chairman N Ramesh Rajan said the company, having an annual growth of 30-40% during the last few years, has plans to set up a few centres of excellence in technology, captal market and government practice, and is looking for increasing its presence in the back-end services and consulting jobs. "We have around 700 people working in the Kolkata centre and around 300 in some other centres engaged in back-end works for corporates in areas like banking and financials. We are looking to double the number to offer end-to-end services to more sectors," said Rajan.
Rajan did not disclose the revenue figures, but said advisory services provide around 40% of PwC India's revenue, while revenue share from the assurance and regulatory segments are almost the same. "More and more Indians will be given the responsibility of managing global operations in future, " said Rajan.
Deloitte's executive director Joydeep Datta Gupta did not want to specify the number of employees it would recruit in the next few years, but said the consulting firm wanted to maintain its pace of recruitment. In terms of employee base, Deloitte has the highest number of around 8000 among the big four-PwC, Ernst & Young, KPMG and Deloitte & Touche Consulting. "At present, around 5000 people are working in consulting and we want to appoint more soon," Datta Gupta said.
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