Deloitte India Targets Leadership in Professional Services by 2028
Deloitte India aims to become country's biggest professional services firm by 2028
Image: The Economic Times
Deloitte India aims to become the largest professional services firm in the country by 2028, with plans to double its workforce to 100,000 and achieve $5 billion in revenue. The firm's growth strategy focuses on technology consulting and expanding its services to small and medium enterprises (SMEs) and startups across India.
- 01Deloitte India currently ranks as the second-largest professional services firm in India, trailing EY by ₹1,400-1,600 crore.
- 02The firm has seen its consulting revenue grow from ₹250 crore nine years ago to ₹9,300 crore today, driven largely by technology consulting.
- 03Deloitte's Project Bharat aims to support 100-150 founder-led companies in smaller cities and reach one million micro, small, and medium enterprises (MSMEs).
- 04The firm plans to hire 50,000 new professionals over the next three to four years, despite industry trends of slowing hiring due to automation.
- 05Automation is expected to reduce manual effort by 30% and increase technology-enabled revenue contributions to 40-45% within two to three years.
Advertisement
In-Article Ad
Deloitte India has set an ambitious goal to become the largest professional services firm in the country by 2028, spearheaded by its technology and consulting sectors. The firm plans to double its workforce to 100,000 and increase revenue to $5 billion within four years, according to Romal Shetty, the South Asia chief executive. Currently, Deloitte is the second-largest firm, trailing Ernst & Young (EY) by approximately ₹1,400-1,600 crore. Over the last decade, Deloitte has shifted from an audit-led model to a tech-driven consulting powerhouse, with consulting revenue soaring from ₹250 crore to ₹9,300 crore. The firm's Project Bharat initiative aims to support small businesses and startups, targeting 100-150 founder-led companies and reaching one million MSMEs through its E-Vardhan digital platform. Despite industry trends of reduced hiring, Deloitte plans to add 50,000 professionals in the coming years, leveraging automation to enhance efficiency and service delivery. Shetty anticipates that automation will cut manual tasks by 30% and boost technology-driven revenue to 40-45%.
Advertisement
In-Article Ad
Deloitte's expansion plans could create significant job opportunities in India, particularly in technology and consulting sectors.
Advertisement
In-Article Ad
Reader Poll
Do you believe Deloitte will achieve its goal of becoming the largest professional services firm in India by 2028?
Connecting to poll...
More about Deloitte
Read the original article
Visit the source for the complete story.