Last Updated:June 06, 2025, 12:48 IST
‘Big Four’ is referred to the top four accounting firms in terms of revenue. These include: Deloitte, EY, PwC, and KPMG.
PMO to discuss developing Indian consulting firms to rival Big Four.
The Prime Minister’s Office (PMO) has scheduled a meeting on June 5 to discuss the potential of developing Indian consulting firms that could rival the Big Four – Deloitte, PwC, EY, and KPMG. The aim is to reduce dependency on foreign advisory firms and establish global expertise in the professional services sector, as per government sources told Moneycontrol.
The meeting will be led by Shaktikanta Das, the principal secretary to the Prime Minister, with Sanjeev Sanyal from the Economic Advisory Council to the Prime Minister (EAC-PM) presenting an analysis on the feasibility and strategy for creating globally credible Indian consulting firms. Key officials such as Ajay Seth, Deepti Mukherjee, Arvind Shrivastava, and M Nagaraju are also expected to attend.
Understanding the “Big Four”
‘Big Four’ is referred to the top four accounting firms in terms of revenue. These include: Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG).
These companies are in the domain of auditing services, tax, strategy and management consulting, valuation, market research, and legal advisory services.
Big 4 Sees Massive Growth In India
Driven by demand from mid-market clients and government contracts, the Indian branches of the Big Four reported a combined revenue of Rs 38,800 crore for FY24, with expectations to exceed Rs 45,000 crore in FY25.
This growth rate has surpassed that of some of their multinational parent companies.
Government projects, such as project management, financial advisory, support in disinvestment, PSU stake sales, and policy guidance, have been significant contributors to this robust growth.
Currently, the Big Four—EY, Deloitte, KPMG, PwC—along with Grant Thornton and BDO, dominate the Indian audit landscape. Their affiliates have managed assignments for 326 out of the 486 Nifty-500 companies as of March 2025, according to a report by primeinfobase.com.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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