The article given below spotlights the richest Indian companies which have a popular name and a huge spread out worldwide. It highlights the top 4 Companies in India based on their net worth in USD. The big 4 companies in India are based on the ranking of accounting firms.
The ‘big 4 company’ is a terminology used to refer to the biggest audit firms or accounting firms in India. The companies aim at providing all sorts of professional services in the business sector of taxation, consulting, transaction advisory, risk advisory, actuarial, audit, legal services, and corporate finance.
A range of specializations is required to reach the big 4 companies. Accounting firms require the companies to have a good clientele, provide a range of services, significant market capitalization, market share, and a top revenue.
The big 4 companies are in the top list based on a valid reason as they are the auditors for six companies out of ten for the topmost 500 listed companies. The companies namely and based on their ranks are Deloitte, PwC India, Ernst & Young, KPMG.
List of Big 4 Companies in India 2022
1. Deloitte Touche Tohmatsu Limited
Deloitte Touche Tohmatsu Limited (DTTL) is known as the largest auditing company and is in the topmost position of Big 4 in India. Deloitte is one of the leading global providers with its top professional services. DTTL is a private UK company that was established in 1845. Deloitte entered India in 1976 and commenced its operation in Mumbai. Deloitte provides services like taxation, assurance, and auditory, financial advisory, risk advisory, consulting services, and legal services. The CEO of Deloitte India at present is Mr. Punit Renjen.
Currently, Deloitte has its footprints in more than 150 countries and 11 offices in India. As per the 2020 data, Deloitte India has a market share of 30% in India and a total net worth of 47.60 billion USD. Having such a large base, it is evident that it also provides the biggest employment opportunities. It provides employment opportunities to over 15000+ employees in over 11 offices in India.
2. PwC India
PricewaterhouseCoopers (PwC) holds the second position in the list of big 4 companies. Another leading auditing firm in India is considered to be the most prestigious and progressive firm in terms of accounting worldwide. Just like Deloitte, PricewaterhouseCoopers is a UK-based company that was set up in 1998. The company was formed by the merging of two Big Six companies namely Price Waterhouse and Coopers & Lybrand.
PwC entered India almost two decades after Deloitte established its firm. It started operating in India in the year 1998 with its headquarters based in New Delhi. PwC provides a wide range of services that include accounting advisory, deals, entrepreneurship and startups, consulting, alliances and ecosystem, and risk assurance. The newly elected CEO of Pwc India is Mr. Sanjeev Krishan.
Currently, PwC India has its presence in 158 countries globally and about 27 offices in India. As per 2020 data, Pwc has a market share of 27% and total revenue of 43.03 billion USD. It is in a tight competition with Deloitte India to bag the first position. It provides employment opportunities for 11500+ employees in offices functioning in 8 major cities.
3. EY- Ernst & Young
EY- Ernst & Young is a multinational professional service provider which has the best professional services network all around the world. It ranks in the third position in the Big 4 companies. It was set up in 1989 in London. Ernst and Young India were established in 2008 with its headquarters based in Mumbai.
It has built a prestigious name for itself in the country and was also recognized as India’s Best Company to Work for 2019. It provides professional services like EY Private, consulting, assurance, tax and strategy, and transactions. The company is currently run by Rajiv Memani who has been a part of the company ever since its establishment.
Presently, Ernst and Young operates in more than 150 countries and holds the largest firm in India with 27 offices in India. It has a market share of 24% in India and a total revenue worth 37.20 billion USD, as per 2020 data. The firm has provided employment opportunities for over 50000 employees with its offices in 13 cities. In comparison to the other Big 4 companies in India, EY provides the largest employment opportunities.
4. Klynveld Peat Marwick Goerdeler or KPMG
KPMG- Klynveld Peat Marwick Goerdeler or KPMG is in 4th position in India among the Big 4 Companies. The company was established in 1987 in the Netherlands. KPMG India was set up in 1993, about six years into the auditing industry, and set up its headquarters in Mumbai.
It is a multinational professional services provider and specializes in services like advisory services, tax services, government infrastructure, healthcare, global mobility services, and digital consultancy. The CEO of KPMG India is Mr. Yezdi Nagporewalla who was recently appointed in 2022.
Presently, KPMG functions in 145 countries globally offering auditing services whereas it owns 22 offices spread across India. It earns total revenue of 29.22 billion USD and a market share of 19% in India, according to the 2020 statistics presented on Statista. The employment opportunities are not as huge as the other Big 4 companies but it still provides a great number. It currently employs 12000+ employees in India.
Frequently Asked Questions
Which Big 4 Company is the best?
PwC is the best company to work for as it provides great benefits to its employees and also it ranked 1st in Vault’s prestigious ranking in 2021. PwC is the best fit among the Big 4 companies.
Is TCS in the Big 4?
TCS, also known as Tata Consultancy Services is not considered one of the companies of Big 4. The Big 4 consists of Deloitte, PwC, Ernst & Young, and KPMG.
What is the salary of CA in the Big 4?
In India, the salary for CA in the Big 4 is hefty. The CA’s salary for freshers is INR 6-8 lakhs per annum. Whereas, for CAs with experience of more than 4 years, the Big 4 pays about INR 23 lakhs per annum.
Is Accenture better than Big 4?
Accenture provides higher salaries than Big 4. It is not a part of Big 4 but it is on par with the Big 4 auditing firms.
The above article mentions a gist of the Big 4 companies including its spread out, history, employment opportunities, current status, and market share based on its ranking in India. The list also mentions the wide range of services it provides in terms of consultancy and auditing.
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