Summary:

Deloitte, PwC, EY, and KPMG's Indian operations outperformed their global counterparts in FY23, driven by strong demand for consulting and technology services. Their combined revenue was Rs. 38,500-38,800 crore (US$ 4.49-4.53 billion), with projections of Rs. 45,000 crore (US$ 5.25 billion) by FY25. Deloitte grew by 29%, PwC by 22%, EY by 16-17%, and KPMG by 5.5-10%. Consulting services led growth, contributing Rs. 25,000 crore (US$ 2.92 billion).

Tax services generated over Rs. 6,000 crore, while deal advisory contributed Rs. 2,800 crore. Global capability centres (GCCs) played a vital role, with EY contributing Rs. 3,600 crore. However, challenges such as slower growth due to economic uncertainty, conservative corporate tech spending, and revenue-sharing disputes remain. Workplace stress issues arose after the tragic death of an EY associate employee. GCC-driven growth is expected, although global uncertainties could affect industry dynamics in 2025

Source: IBEF 

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.