PwC India, US join to create a 40,000-strong giant
PwC India and PwC US have teamed up to form a massive joint venture, aiming to create a 40,000-strong consulting powerhouse. The new entity, subject to regulatory approval, will see PwC US holding a 50.1% stake while PwC India will hold the remaining 49.9%. Sanjeev Krishan, chairperson of PwC India, will also serve as CEO of the new joint venture.
This joint effort will merge PwC India’s consulting business with PwC US’s India-based acceleration centers, allowing the Indian firm to tap into global resources and capabilities. The operating control over the US-run acceleration centers will remain with PwC India, making the arrangement a jointly controlled entity. This strategic move aims to strengthen PwC India’s ability to serve global clients while enabling the firm to grow fivefold in three years.
The deal is expected to solidify PwC India’s position in the rapidly expanding global capability centre segment, providing the firm with greater access to global partners and capabilities.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
