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PwC US and India Create Joint Consulting Venture
PwC US and PwC India plan to create one joint business for consulting work.
It would combine some teams and services based in India.
The goal is to make it easier for worldwide clients to get help from PwC.
PwC India would also have a larger role in serving global customers.
The deal is not finished because regulators must approve it.
If approved, it is expected to close during the first half of 2027.
The plan does not combine the companies’ audit businesses because local rules do not allow that.
PwC says the change will help it work across countries while artificial intelligence changes the consulting industry.
PwC US and PwC India have agreed to combine their consulting and India-based advisory capabilities in a jointly owned platform.
The venture is intended to provide global clients with a single destination for consulting services and strengthen PwC India’s international role.
Regulatory approval is still required, with closing expected in the first half of calendar year 2027.
The changes cover consulting and advisory operations, while audit integration is prohibited by local regulations.
PwC says the restructuring will improve cross-border collaboration as artificial intelligence reshapes consulting services, billing, and hiring.
- Who
- PwC US and PwC India, with Paul Griggs and Sanjeev Krishan identified as leaders supporting the plan.
- What
- They have agreed to form a jointly owned and governed venture combining PwC India’s Consulting business with PwC US Advisory’s India-based capabilities.
- Where
- The venture will combine consulting and advisory capabilities based in India to serve clients globally.
- When
- The agreement was announced on Sunday, and the transaction is expected to close in the first half of calendar year 2027, subject to approvals and closing conditions.
- Why
- PwC aims to create a single consulting platform, improve cross-border collaboration, strengthen PwC India’s global role, and respond to disruption from artificial intelligence.
Key facts
- Ownership
- The venture will be jointly owned and governed by PwC US and PwC India.
- Businesses included
- PwC India’s Consulting business and PwC US Advisory’s India-based capabilities.
- Expected closing
- First half of calendar year 2027, subject to regulatory approvals and closing conditions.
- Regulatory status
- The joint venture has not yet received regulatory approval.
- Audit operations
- The structural changes do not apply to audit because local regulations prohibit that integration.
- Current operations
- Until closing, PwC US and PwC India will continue serving clients through their existing structures.
- Competitive context
- The venture is expected to position PwC against rivals including EY, Deloitte, and KPMG.
Quotes
Paul Griggs
Senior partner and CEO of PwC US
“We're bringing the full breadth of our advisory talent in India together with PwC US—one team with the relationships, expertise, and scale to deliver for our clients and the PwC network.”
livemint.com
“The firms that win will be the ones that stop thinking about markets, capabilities, and delivery as separate pieces. That's what makes this combination so powerful.”
livemint.com
Sanjeev Krishan
Chairperson of PwC India and incoming CEO of the joint venture
“For PwC India, this is a testimony to the tremendous journey of growth that we have been on over the last five years and our position of strength in the network.”
livemint.com
Sources
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