PwC India, US Merge Consulting Arms into Mega Venture
What Happened
PwC India and PwC US announced plans to merge their consulting operations into a joint venture employing 40,000 professionals. The JV will combine PwC India’s consulting business (management, technology, and risk consulting) with PwC US’s India‑based acceleration centres, which have long supported offshore delivery for American clients. Despite PwC US holding a 50.1% stake, PwC India will retain operating control, including over the US‑run centres. The venture is expected to be worth $2 billion at launch, subject to regulatory approvals, and will be led by Sanjeev Krishan as CEO. PwC India’s audit, tax, and deals businesses will remain outside the JV.
Key Takeaways
This restructuring underscores India’s growing role as a global consulting hub, trusted to drive PwC’s international growth. By pooling resources, the JV aims to strengthen PwC’s ability to serve multinational clients, domestic firms, and Global Capability Centers (GCCs). Analysts note the move is partly driven by the rise of AI tools, which are reshaping offshore consulting models. With India’s large talent pool and operating control, PwC positions itself to deliver greater scale, deeper expertise, and faster innovation in a highly competitive consulting market.