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Time of India
23-05-2025
- Business
- Time of India
From Tax Suits to Tech Suites, it's a Recalibrate@Big4
Traditionally known for their strengths in audit, tax and deal advisory, the Big Four in India have discovered an unlikely crown jewel in technology consulting. On the back of a post-pandemic digital transformation push, this has grown into the fastest-expanding vertical — now leading in headcount, partner strength and accounting for more than half of all new hires in FY25. Ironically, these very firms — EY, Deloitte, PwC and KPMG — globally sold or spun off IT consulting divisions in the early 2000s, and only began rebuilding those capabilities in 2007-08. That slow return has since turned into a full-fledged pivot — with India leading globally in both scale and pace of shift. 'Consulting is now the new frontier,' said Sanjeev Krishan, chairman of PwC India. Among the top four professional service firms, 60% of Deloitte's India workforce and 45% of EY's now comprise the tech consulting vertical, while PwC and KPMG both have approximately half of their India headcount dedicated to this business. Recruitment will be dominated by technology consulting in FY26. Deloitte plans to hire another 6,000-8,000 people in this vertical. At KPMG, nearly 45 of every 100 new hires in FY26 will be in technology roles. PwC will hire 6,000-7,000 in tech consulting in the fiscal year. Sathish Gopalaiah, president, consulting, at Deloitte South Asia, said the firm had hired over 7,300 people as of April 2025, and by the end of May, that number will be close to 8,000. 'Our total headcount will cross 22,000 by then,' he said. 'Last year, our tech consulting business grew by 38%, and this year, we're on track to grow at 27% by the end of May.' Back-of-the-envelope estimates indicate that IT consulting generated over ₹20,000 crore of the Big Four's combined ₹38,500-crore India revenue in FY24—a trend expected to hold in FY25 as well, once all books are closed. Accelerating this business is India Inc's tech transformation drive gaining serious momentum, with large-scale projects underway at companies such as HDFC Bank, ICICI Bank, Shell, Unilever, HSBC, and several public sector units (PSUs). 'The Covid-19 crisis was a watershed moment, ushering in an unprecedented era of tech-led transformation powered by cloud, data and analytics,' said Rohan Sachdev, managing partner for consulting at EY India. 'Today, AI-driven change is taking centre stage.' A look at tech transformation requests for proposals (RFPs) points to strong deal momentum in the consulting space—with over 30 RFPs valued above ₹100 crore, more than 50 above ₹50 crore and upwards of 75 proposals exceeding ₹25 crore. The firms now have built capabilities to provide services across the IT value chain. 'Iconic transformation happens at the intersection of consulting, technology & digital, and data & analytics. We're helping our clients move from opportunities to business outcomes by offering the best customised solution and service set,' said Sanjay Dawar, lead partner, One Consulting, at PwC India. But why are clients increasingly turning to the Big Four? Akhilesh Tuteja, national leader, clients and markets and technology, media & telecommunications (TMT), at KPMG India, explained, 'The top firms now have deep domain expertise, inhouse consulting capabilities, a technology advisory setup and strong collaborations with global tech alliances, making them one-stop partners for digital transformation.'
Time of India
23-05-2025
- Business
- Time of India
From tax suits to tech suites, it's a Recalibrate@Big4: Tech consultants now take up chunk of top advisory space
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Transformed Deal Queue Tired of too many ads? Remove Ads Traditionally known for their strengths in audit, tax and deal advisory, the Big Four in India have discovered an unlikely crown jewel in technology consulting. On the back of a post-pandemic digital transformation push, this has grown into the fastest-expanding vertical — now leading in headcount, partner strength and accounting for more than half of all new hires in these very firms—EY, Deloitte PwC and KPMG—globally sold or spun off IT consulting divisions in the early 2000s, and only began rebuilding those capabilities in slow return has since turned into a full-fledged pivot—with the India market leading globally in both the scale and pace of that shift.'Consulting is now the new frontier,' said Sanjeev Krishan, chairman of PwC the top four professional service firms, 60% of Deloitte's India workforce and 45% of EY 's now comprise the tech consulting vertical, while PwC and KPMG both have approximately half of their India headcount dedicated to this will be dominated by technology consulting in FY26. Deloitte plans to hire another 6,000-8,000 people in this vertical. At KPMG, nearly 45 of every 100 new hires in FY26 will be in technology roles. PwC will hire 6,000-7,000 in tech consulting in the fiscal Gopalaiah, president, consulting, at Deloitte South Asia, said the firm had hired over 7,300 people as of April 2025, and by the end of May, that number will be close to 8,000. 'Our total headcount will cross 22,000 by then,' he said. 'Last year, our tech consulting business grew by 38%, and this year, we're on track to grow at 27% by the end of May.'Back-of-the-envelope estimates indicate that IT consulting generated over Rs 20,000 crore of the Big Four's combined Rs 38,500-crore India revenue in FY24—a trend expected to hold in FY25 as well, once all books are this business is India Inc's tech transformation drive gaining serious momentum, with large-scale projects underway at companies such as HDFC Bank, ICICI Bank, Shell, Unilever, HSBC, and several public sector units (PSUs).'The Covid-19 crisis was a watershed moment, ushering in an unprecedented era of tech-led transformation powered by cloud, data and analytics,' said Rohan Sachdev, managing partner for consulting at EY India. 'Today, AI-driven change is taking centre stage.'A look at tech transformation requests for proposals (RFPs) points to strong deal momentum in the consulting space—with over 30 RFPs valued above Rs 100 crore, more than 50 above Rs 50 crore and upwards of 75 proposals exceeding Rs 25 crore. The firms now have built capabilities to provide services across the IT value chain.'Iconic transformation happens at the intersection of consulting, technology & digital, and data & analytics. We're helping our clients move from opportunities to business outcomes by offering the best customised solution and service set,' said Sanjay Dawar, lead partner, One Consulting, at PwC why are clients increasingly turning to the Big Four for technology transformation work, despite the presence of global tech majors such as Accenture and IBM, Indian IT services giants, a plethora of product companies and other pure-play tech specialists?Akhilesh Tuteja, national leader, clients and markets and technology, media & telecommunications (TMT), at KPMG India, explained, 'The top firms now have deep domain expertise, inhouse consulting capabilities, a technology advisory setup and strong collaborations with global tech alliances, making them one-stop partners for digital transformation.'KPMG has doubled its technology consulting business in the last three years, he years of gaining experience and credibility, the Big Four surged ahead in tech consulting after Covid-19—when digitisation became unavoidable—by being the only ones capable of quickly marrying strategy with tech execution, mobilising cross-functional teams and driving company-wide change through automation and process innovation. 'Speed and RoI (return on investment) on fees is where we differentiate and win,' said Dawar of it's in the tech consulting domain that the most keenly contested battle in the Big Four is playing out, between early mover and overall market leader EY and aggressive and well-funded challenger watchers say that technology consulting may well be the first front where Deloitte has finally managed to breach EY's leadership in any of the major service lines, with its aggressive investment-led growth, while EY maintains a lead in tax, deals, management consulting and firms are also investing heavily in technology has taken centre stage in the refreshed global strategy of PwC, traditionally a strong player in technology implementation. The New Equation is emerging as the firm's biggest area of focus and is investing 9% of its total revenue in technology consulting, while at KPMG, it's 8% of TC earnings, including man hours spent in building solutions. PwC India has spent nearly Rs 300 crore on hiring partners, people and making acquisitions in the last two also helped the firms gain ground on tech companies is the global network of partnerships they've stitched up with companies such as Microsoft, Google, Intel, IBM and Salesforce, giving them early access to technologies in cloud, AI, data and cyber capabilities, among the technology consulting vertical, AI has emerged as the top priority, with firms channelling maximum focus, resources and energy into it, and finding strong traction among clients eager to experiment and integrate AI into their operations.'Clients' asks have evolved beyond, 'What use cases can AI deliver?' to strategic imperatives such as 'How do I transform my organisation with AI or embed an AI-first mindset across my business?',' said EY's Tuteja said his firm was involved in at least 30 AI assignments and every large project had an AI component. It was becoming central to nearly every tech consulting mandate, he Four experts say they will be major players even in AI, as they already have a good understanding of clients' tech infrastructure and data setup. 'AI is part of every technology conversation these days. We have completed AI-enabled sales worth Rs 1,000 crore,' said Deloitte's of PwC India said that during 2000-10, consulting evolved from just making strategy decks to driving implementation, and the following decade was about marrying strategy with core technologies.'Post-2020, the focus has shifted to digital transformation—and today, it's largely also about generative AI,' he said. 'To truly leverage GenAI, companies must first get their foundation tech DNA right—by starting with the right infrastructure, data foundation and intelligence layers. It's about bringing these three pillars together and linking them seamlessly to enable tangible business outcomes. The firms have all the capabilities to deliver this end-to-end for clients.'
Economic Times
23-05-2025
- Business
- Economic Times
From tax suits to tech suites, it's a Recalibrate@Big4: Tech consultants now take up chunk of top advisory space
Traditionally known for their strengths in audit, tax and deal advisory, the Big Four in India have discovered an unlikely crown jewel in technology consulting. On the back of a post-pandemic digital transformation push, this has grown into the fastest-expanding vertical — now leading in headcount, partner strength and accounting for more than half of all new hires in FY25. Ironically, these very firms—EY, Deloitte, PwC and KPMG—globally sold or spun off IT consulting divisions in the early 2000s, and only began rebuilding those capabilities in 2007-08. That slow return has since turned into a full-fledged pivot—with the India market leading globally in both the scale and pace of that shift.'Consulting is now the new frontier,' said Sanjeev Krishan, chairman of PwC India. Among the top four professional service firms, 60% of Deloitte's India workforce and 45% of EY's now comprise the tech consulting vertical, while PwC and KPMG both have approximately half of their India headcount dedicated to this business. Recruitment will be dominated by technology consulting in FY26. Deloitte plans to hire another 6,000-8,000 people in this vertical. At KPMG, nearly 45 of every 100 new hires in FY26 will be in technology roles. PwC will hire 6,000-7,000 in tech consulting in the fiscal Gopalaiah, president, consulting, at Deloitte South Asia, said the firm had hired over 7,300 people as of April 2025, and by the end of May, that number will be close to 8,000. 'Our total headcount will cross 22,000 by then,' he said. 'Last year, our tech consulting business grew by 38%, and this year, we're on track to grow at 27% by the end of May.'Back-of-the-envelope estimates indicate that IT consulting generated over Rs 20,000 crore of the Big Four's combined Rs 38,500-crore India revenue in FY24—a trend expected to hold in FY25 as well, once all books are this business is India Inc's tech transformation drive gaining serious momentum, with large-scale projects underway at companies such as HDFC Bank, ICICI Bank, Shell, Unilever, HSBC, and several public sector units (PSUs).'The Covid-19 crisis was a watershed moment, ushering in an unprecedented era of tech-led transformation powered by cloud, data and analytics,' said Rohan Sachdev, managing partner for consulting at EY India. 'Today, AI-driven change is taking centre stage.'A look at tech transformation requests for proposals (RFPs) points to strong deal momentum in the consulting space—with over 30 RFPs valued above Rs 100 crore, more than 50 above Rs 50 crore and upwards of 75 proposals exceeding Rs 25 crore. The firms now have built capabilities to provide services across the IT value chain.'Iconic transformation happens at the intersection of consulting, technology & digital, and data & analytics. We're helping our clients move from opportunities to business outcomes by offering the best customised solution and service set,' said Sanjay Dawar, lead partner, One Consulting, at PwC why are clients increasingly turning to the Big Four for technology transformation work, despite the presence of global tech majors such as Accenture and IBM, Indian IT services giants, a plethora of product companies and other pure-play tech specialists?Akhilesh Tuteja, national leader, clients and markets and technology, media & telecommunications (TMT), at KPMG India, explained, 'The top firms now have deep domain expertise, inhouse consulting capabilities, a technology advisory setup and strong collaborations with global tech alliances, making them one-stop partners for digital transformation.'KPMG has doubled its technology consulting business in the last three years, he years of gaining experience and credibility, the Big Four surged ahead in tech consulting after Covid-19—when digitisation became unavoidable—by being the only ones capable of quickly marrying strategy with tech execution, mobilising cross-functional teams and driving company-wide change through automation and process innovation. 'Speed and RoI (return on investment) on fees is where we differentiate and win,' said Dawar of it's in the tech consulting domain that the most keenly contested battle in the Big Four is playing out, between early mover and overall market leader EY and aggressive and well-funded challenger watchers say that technology consulting may well be the first front where Deloitte has finally managed to breach EY's leadership in any of the major service lines, with its aggressive investment-led growth, while EY maintains a lead in tax, deals, management consulting and firms are also investing heavily in technology has taken centre stage in the refreshed global strategy of PwC, traditionally a strong player in technology implementation. The New Equation is emerging as the firm's biggest area of focus and is investing 9% of its total revenue in technology consulting, while at KPMG, it's 8% of TC earnings, including man hours spent in building solutions. PwC India has spent nearly Rs 300 crore on hiring partners, people and making acquisitions in the last two also helped the firms gain ground on tech companies is the global network of partnerships they've stitched up with companies such as Microsoft, Google, Intel, IBM and Salesforce, giving them early access to technologies in cloud, AI, data and cyber capabilities, among the technology consulting vertical, AI has emerged as the top priority, with firms channelling maximum focus, resources and energy into it, and finding strong traction among clients eager to experiment and integrate AI into their operations.'Clients' asks have evolved beyond, 'What use cases can AI deliver?' to strategic imperatives such as 'How do I transform my organisation with AI or embed an AI-first mindset across my business?',' said EY's Tuteja said his firm was involved in at least 30 AI assignments and every large project had an AI component. It was becoming central to nearly every tech consulting mandate, he Four experts say they will be major players even in AI, as they already have a good understanding of clients' tech infrastructure and data setup. 'AI is part of every technology conversation these days. We have completed AI-enabled sales worth Rs 1,000 crore,' said Deloitte's of PwC India said that during 2000-10, consulting evolved from just making strategy decks to driving implementation, and the following decade was about marrying strategy with core technologies.'Post-2020, the focus has shifted to digital transformation—and today, it's largely also about generative AI,' he said. 'To truly leverage GenAI, companies must first get their foundation tech DNA right—by starting with the right infrastructure, data foundation and intelligence layers. It's about bringing these three pillars together and linking them seamlessly to enable tangible business outcomes. The firms have all the capabilities to deliver this end-to-end for clients.'
Hans India
21-05-2025
- Business
- Hans India
IMI Delhi Hosts 41st Convocation Ceremony, Celebrating 428 Graduates
New Delhi: International Management Institute (IMI) Delhi celebrated its 41st Convocation Ceremony, conferring diplomas to 428 students across various management programs, including the prestigious Fellow Programme in Management (FPM). The event was graced by Sanjeev Krishan, Chairperson, PwC in India, as the Chief Guest. Mr. Sabyasachi Bhattacharya, President – Corporate HR, RPSG Group & Member, Board of Governors, presided as the Convocation Chairperson, alongside Dr. Himadri Das, Director General, IMI, and other dignitaries. Inspiring the graduates, Krishan shared life lessons encapsulated in the acronym GROWTH, emphasizing humility, introspection, and ecosystem-focused thinking. Dr. Das encouraged students to embrace risk, stay curious, and continue learning, while Bhattacharya urged them to challenge conventions and pursue excellence with humility. Graduates from PGDM, PGDM (HRM), PGDM (B&FS), PGDM (18 Months), and FPM programs were recognized for academic and extracurricular excellence. Top achievers were awarded Gold and Silver Medals, and the newly introduced Dean's List honored the top five percent of students for outstanding academic performance.
Times of Oman
30-03-2025
- Business
- Times of Oman
Temasek to acquire equity stake from Haldirams' existing shareholders in strategic deal
New Delhi: Singapore-based global investment firm Temasek will aquire an equity stake from Haldirams' existing shareholders, as per PwC, the exclusive financial advisor to the transaction. This strategic transaction strengthens Haldirams' position to accelerate its ambitious expansion plans, both in India and internationally, ensuring a solid foothold in the highly competitive market. PwC Investment Banking team acted as the exclusive financial advisor to the transaction and Khaitan & Co acted as the legal advisor, as per a statement. The transaction, which is subject to customary regulatory approvals, is expected to close soon. On behalf of the Haldirams group, a spokesperson said, "We are thrilled to welcome Temasek as an investor and partner in Haldirams. We look forward to working with them to harness the value they bring from their experience in the consumer space to accelerate our growth and strengthen our ability to meet evolving consumer demands. We also extend our gratitude to PwC and Khaitan & Co for their dedicated support during this transaction." Sanjeev Krishan, Chairperson, PwC in India, said "At PwC, we take pride in being catalysts of entrepreneurial success--helping businesses transform into global giants. Our decade-long collaboration with the Haldirams exemplifies this commitment. Over the years, we have advised them on various strategic planning and decision making.. This transaction is not only the largest private equity consumer deal in India, but also a reflection of domestic businesses that continue to elevate India's positioning on the global stage. We thank the Haldirams family for trusting us and giving this opportunity." Haldirams is a leading global packaged food company known for its wide range of snacks, sweets, and ready-to-eat products. Haldirams brand has become synonymous to Indian food and has been awarded one of the most loved and trusted brand. Established in 1937, the company pioneered automated manufacturing in traditional snacks and has grown to become one of the largest manufacturers of packaged foods in India with a significant international presence. Temasek is a global investment company headquartered in Singapore, with a net portfolio value of USD 288 billion as at 31 March 2024. Marking its unlisted assets to market would provide USD 23 billion of value uplift and bring its mark to market net portfolio value to USD 311 billion.
