India’s Big Four accounting firms—Deloitte, PwC, EY, and KPMG—are undergoing a significant transformation, shifting focus from traditional audit and tax services to technology consulting.
This pivot is driven by the increasing demand for digital transformation in the post-
📊 Key Highlights:
1️⃣Workforce Realignment: Technology consulting now accounts for a substantial portion of the workforce in these firms.
Deloitte and EY have 60% and 45% of their India headcount in tech roles, respectively, while PwC and KPMG have approximately half of their India headcount dedicated to this business.
2️⃣AI-Driven Projects: The firms are actively engaging in AI-led initiatives. KPMG has delivered over 30 AI assignments, and PwC has processed 75 AI-led RFPs, each exceeding ₹25 crore.
3️⃣Revenue Growth: The Indian arms of these firms reported significant revenue growth in FY24, with combined revenues nearing ₹38,800 crore. This growth is expected to surpass ₹45,000 crore by FY25, fueled by strong demand for consulting and tech services.
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In this evolving landscape, RTIwala offers businesses access to strategic information.
1️⃣Policy and Regulatory Data: Stay informed on government initiatives, compliance requirements, and regulatory changes impacting the consulting and #technology sectors.
2️⃣Market Intelligence: Access detailed analyses of market trends, consumer behavior, and economic indicators to inform strategic decisions.
3️⃣Strategic Planning: Utilize data-driven insights for investment planning, risk assessment, and identifying growth opportunities in the consulting industry.
📊 The Industry Leaders:
These are Deloitte, PwC India, EY, KPMG India, and Grant Thornton Bharat LLP — some of the popular companies innovating in the technology consulting and digital transformation industry.
🚀 And, these are the remarkable startups:
Fractal Analytics Academy, iMocha, Yellow.ai, and ThoughtSpot — of the AI-driven enterprise consulting and analytics industry.
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