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Business Standard
4 days ago
- Business
- Business Standard
PwC India targets three-fold revenue growth by 2030, 20,000 new jobs
PwC India is targeting a threefold revenue growth over the next five years and aims to create 20,000 additional jobs by 2030, the advisory firm said in a press statement on Tuesday. Releasing its Vision 2030, PwC India said it would expand into tier 2 and tier 3 cities and deepen its focus on key business areas such as digital transformation, sustainability, risk and regulatory, cloud, and cybersecurity to help clients stay ahead of disruption. The Big Four firm will invest 5 per cent of revenues annually in technology, innovation, and capability building, and 1 per cent of revenues towards upskilling people and partners. 'We are focused on building a future-ready workforce by expanding access to learning, prioritising women in leadership, and creating inclusive growth journeys that allow our people to thrive — from the campus to the boardroom,' said Sanjeev Krishnan, Chairperson, PwC India. PwC said its growth strategy is anchored in six 'Go Long' sectors, which include financial services, healthcare, industrial manufacturing, auto, technology, and media and telecom. These sectors, it said, represent the biggest opportunities for transformational impact. The firm said in its press statement that the future success of its clients in these sectors will demand bold reinvention of business models, operations, technology, and resource use. 'Vision 2030 for us is about building on India's growth potential and making bold shifts in our business. We are expanding into tier 2 and 3 cities, enhancing our sectoral depth, and embedding digital and technology capabilities at the heart of our offerings,' Krishnan added. Highlighting how it was evolving from a traditional services firm to a more modern, delivery-focused model driven by deep sector expertise and cutting-edge technologies such as generative AI, PwC India said it views the next five years as a pivotal period for India to lead, shape, and build its future towards becoming Kal Ka Bharat — India of tomorrow. 'We see growth shifting toward emerging domains, grounded in human needs. These domains will shape future markets and create unique opportunities for us to support our clients — and our country. This is our moment to lead and define what's next,' Krishnan said. PwC has a presence across all major cities in India, with nearly 900 partners and a team of 30,000 professionals.
Yahoo
31-03-2025
- Business
- Yahoo
India snacks major Haldirams sells stake to Temasek
India-based Haldiram Snacks Food has agreed to sell a stake in the business to Temasek, the Singapore state-owned investment fund. The terms of the deal, including the size of Temasek's shareholding and how much it has paid, were not disclosed. Approached by Just Food, a Temasek spokesperson referred this publication to a statement issued by PwC, which was an advisor on the deal. Officials in Haldiram Snacks Food, also known as Haldirams, were unavailable to comment. Haldirams is one of India's largest domestic snack-foods businesses. Set up in 1937, the company markets snacks, sweets and other foods. In PwC's statement, the professional-services group said Temasek had struck a deal to buy 'an equity stake from the existing shareholders' of Haldirams. 'This transaction positions Haldirams to continue its ambitious expansion plans both in India and internationally, solidifying its presence in an increasingly competitive market,' the statement read. The statement carried quotes from an unnamed Haldirams spokesperson, which read: '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.' Indian business daily Financial Express said Temasek is acquiring a stake of around 10% in Haldirams for approximately Rs8,600 ($1.01bn). The Temasek spokesperson declined to comment on whether those figures were correct. In the PwC statement, Sanjeev Krishnan, the chairperson of the company's arm in India, said: '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.' In April, the Competition Commission of India backed a move by the Agarwal family, promoters of the Haldiram Group, to demerge and combine the FMCG businesses housed in two separate companies into Haldiram Snacks Food, the entity in which Temasek is investing. Under the planned transaction, the FMCG businesses undertaken by Haldiram Snacks Private Limited and by Haldiram Foods International Private Limited are being placed in Haldiram Snacks Food. The terms of the demerger meant Haldiram Snacks Private Limited would own 56% of Haldiram Snacks Food and Haldiram Foods International Private Limited the other 44%. Meanwhile, another Indian business daily, The Economic Times, said UAE-based fund Alpha Wave had agreed a deal to take a 6% shareholding in Haldirams. Just Food has contacted Alpha Wave and Temasek to comment on that transaction. "India snacks major Haldirams sells stake to Temasek" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
