Sanjeev Krishan was re-elected as the Chairperson of PwC India, concluding an election process where over 400 equity partners cast their votes for a new leader for a four-year term. Krishan, who has been with PwC for 33 years and previously led the Deals and Transaction Services division, first won the multi-stage election in 2020. He succeeded Shyamal Mukherjee as Chairperson in January 2021. Krishan’s second term will commence on April 1, 2025.
Under Krishan’s leadership, PwC has maintained an impressive average annual growth rate of over 20%, surpassing the $1 billion revenue milestone. As part of ‘The New Equation Strategy’ set in August 2021, the firm aimed to cross the $1 billion revenue mark and expand its workforce to 25,000 people. By the end of the fiscal year, the firm expects to meet its revenue target, with the current employee count already at 27,000. Growth has been observed in most of the areas where PwC has made investments.
Sources close to the matter indicated that PwC’s India revenues have exceeded Rs 9,000 crore, with the firm’s total employee count in India nearing 30,000. In recent years, PwC has intensified its focus on the domestic market, investing in high-growth areas such as Global Capability Centers (GCCs). The firm is making significant investments in advisory services like risk, deals, and consulting, while also expanding its expertise in assurance and taxation.
PwC recently underwent an internal restructuring, merging its management consulting and technology consulting practices into a new unit called “One Consulting.” Over the past three years, PwC India has doubled its investment budget from 5% to 10% of its revenue to meet rapidly changing market demands. The firm has also allocated Rs 600 crore for employee training and development from 2023 to 2026.