Deloitte India Aims for Leadership in Professional Services by 2028
Deloitte India could lead professional services space soon: Romal Shetty
Image: The Economic Times
Deloitte India plans to become the largest professional services firm in the country by 2028, targeting a workforce of 100,000 and revenues of $5 billion. The firm aims to leverage technology and consulting to achieve these goals, with significant growth in its technology consulting sector, which now accounts for two-thirds of its revenue.
- 01Deloitte India is currently generating approximately $1.7 billion in annual revenue, growing at a rate of around 21%.
- 02The firm's technology consulting sector has expanded from ₹250 crore to ₹9,300 crore in nine years.
- 03Deloitte's Project Bharat aims to support 100-150 founder-led companies and reach one million MSMEs through its E-Vardhan platform.
- 04The firm plans to add 50,000 professionals over the next three to four years despite industry trends of slowing hiring.
- 05Automation is expected to reduce manual effort by 30% and increase technology-enabled revenue contributions from 5% to 45%.
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Deloitte India is on a trajectory to become the leading professional services firm in the country by 2028, with ambitious plans to double its workforce to 100,000 and achieve $5 billion in revenue. Currently, the firm generates about $1.7 billion annually, growing at 21% per year, and is positioned as the second-largest firm in India, trailing EY by approximately ₹1,400-1,600 crore. Under the leadership of Romal Shetty, Deloitte has shifted from an audit-focused model to one centered on technology and consulting, with technology consulting now contributing nearly ₹9,300 crore to its revenue. The firm is also launching Project Bharat, which aims to assist 100-150 founder-led companies and reach one million micro, small, and medium enterprises (MSMEs) through its E-Vardhan digital platform. Despite a trend of reduced hiring in the industry, Deloitte plans to hire 50,000 new professionals in the next few years, leveraging automation to enhance efficiency and productivity.
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Deloitte's expansion plans could create significant job opportunities and support economic growth, particularly for small businesses and startups in India.
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