44 mins ago

PwC India and US Plan 40,000-Employee Advisory Joint Venture

PwC India and PwC US want to create one large advisory business.

It would combine consulting teams from both organizations in India and the United States.

About 40,000 employees are expected to be part of the new platform.

The teams would help clients with planning, business changes, technology, engineering, and artificial intelligence.

They would also provide services that companies can use on an ongoing basis.

Some PwC India businesses, including auditing and tax, would not join the venture.

The deal still needs regulatory approval and other conditions to be met.

Until it closes, the two firms will continue working through their current structures.

Key facts

Planned workforce: About 40,000 employees are expected to be part of the combined platform.
PwC India workforce: PwC India currently has about 33,000 employees.
Included operations: PwC India’s management, technology, and risk consulting operations will join PwC US Advisory’s India-based capabilities.
Excluded operations: PwC India’s audit, tax, deals, and certain government advisory businesses will remain outside the joint venture.
Projected business value: PwC India’s business is expected to increase from $1.3 billion to about $2 billion on day one, subject to approvals.
Growth target: The firm aims to grow fivefold in three years, compared with a threefold-in-five-years target in PwC India’s Vision 2030.
Expected closing: The transaction is expected to close in the first half of 2027.

businesstoday.in · 6 hrs ago