Big four firm PwC India will hire 10,000 people over the next 3-4 years due to strong growth momentum driven by the strong rebounding of the Indian economy after the second Covid-19 wave, said Sanjeev Krishan, chairman, PwC India.
“Looking at the scale at which we are growing and our confidence in the future, this year we had nearly 100 partner and executive director promotions. I expect our hiring at both the people and partner level to continue at an enhanced pace. We aspire to be a 25,000-strong firm in four years,” he said. A large part of the hiring will be in the advisory practice – tech and management consulting, risk and deals.
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“Each of these attempts to address the transformation journey Indian businesses are undertaking and leverages the power of our multidisciplinary firm. A majority of our investments in recent times have gone into these and we believe this would be essential to cater to India Inc.’s aspirations as it seeks robust growth,” said Krishan.
Last year, PwC launched its new growth strategy, The New Equation, in which the firm plans to invest more than ₹1,600 crore in its India practise over a five-year period as the business landscape changes and client needs and priorities change. “As businesses continue to focus on digitisation and transformation, the need to deliver sustained outcomes arises. We wish to deliver this deep, and have made certain choices-these include cloud, digital, analytics, cyber and emerging technologies,” said Krishan. We have also chosen to focus on a few sectors, including financial services, manufacturing, infrastructure, retail, consumer, and healthcare.We believe these will be the drivers of India’s growth.”
The central tenets of the new strategy were to build trust and deliver sustained outcomes. Trust businesses in the firm include assurance, some parts of tax and a bit of regulatory oversight business, while transactions, consulting and technology are the outcome-based service lines. PwC was one of the first MNCs to set up business in India and the firm is starting its 150th anniversary celebrations soon.
“We have a rich legacy and a strong foundation, and this is one of the greatest enablers of our future. We’ve taken every challenge in our stride, leveraged opportunities and kept our clients at the core. We are proud to have been a part of India’s growth story-we too have grown along the way,” said Krishan.
The CEO of the firm said they are attempting to create a workplace of the future, one that encourages innovation and excellence with the ultimate aim of supporting the firm’s clients and India’s growth agenda.
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