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.
Table of Contents
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.
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.
Conclusion
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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Tags: Big 4 Companies in India, Deloitte Touche Tohmatsu Limited, , Is Accenture better than Big 4, Is TCS in the Big 4, Klynveld Peat Marwick Goerdeler or KPMG, PwC India, Which Big 4 Company is the best
7. Who are the top 5 Big 4? The big 4 companies in India are Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG). In addition to auditing, they provide tax advice, strategic and management consulting, valuations, market research, assurance and legal advice.
7. Who are the top 5 Big 4? The big 4 companies in India are Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG). In addition to auditing, they provide tax advice, strategic and management consulting, valuations, market research, assurance and legal advice.
Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC) are the four of the top accounting companies to work for. They are the best choice for the individual looking for quick growth and a lucrative salary, both in one place.
EY and PwC are harder to estimate. EY is the second biggest of the Big Four in terms of headcount, which lends credence to this claim in 2019 that their acceptance rate was approximately 3.5%, based on 69,000 global hires from 2,000,000 global applicants.
Which big 4 accounting firm pays the most? Well it depends on which practice you want to go into. If you want to make the most money in consulting, Deloitte pays the best.However if you want to make the most money in auditing or tax PwC is likely your best bet.
Based on verified reviews from real users in the Data and Analytics Service Providers market. Deloitte has a rating of 4.7 stars with 88 reviews.PwC has a rating of 4.6 stars with 84 reviews.
They compete on all service fronts with the rest of the big four and the main contributing factor to their smaller size is a result of the other mergers and acquisitions that the other firms undertook rather than quality or reputation. KPMG's purpose is to 'Inspire confidence and empower change.
A partner at a Top 3 firm will often make three times more than a partner at a Big 4 firm. You can also expect a faster career progression by working at a Top 3 firm. The speed at which a new consultant can make Partner is typically faster at the Top 3 firms (~9 years) than the Big 4 (~15+ years).
The oldest entity of this company, "Grace, Darbyshire, & Todd," was founded in 1818, placing it amongst the oldest functioning business units in the world. The second major part of the company, "Peat Marwick," started its operations in 1925.
Deloitte employees in the U.S. make slightly more than those at EY, earning $79,000 annually compared to $75,000, according to Management Consulted statistics.
However, few people end up staying at the Big 4 for their entire careers. “A lot of people leave because the exit opportunities after Big 4 really are endless. You have been trained extensively, you have worked for different clients of different sizes, different locations, and different industries.
At a Big 4 firm, busy season can mean long hours of auditing or tax compliance and lots of stress. 60-100-hour work weeks are not uncommon. A mid-sized firm typically offers a better work/life balance, more hands-on experience, broader industry exposure, and higher pay.
India's largest IT firm, Tata Consultancy Services (TCS), has emerged as the top company to work for in India, as per LinkedIn's latest list of the top 25 companies. Last year, TCS was also India's top women's employer,with more thanh 2,10,000 women in its workforce.
Within the Big 4 firms, Deloitte is generally considered to be the most prestigious and KPMG the least prestigious. PwC and EY are at a similar level of prestige. Both PwC and EY offer strategy and operations consulting services, with the firms using acquisitions to bolster their strategy offerings.
The top 10% of employees earn more than ₹25.58 lakhs per year. The top 1% earn more than a whopping ₹47.99 lakhs per year. What is the minimum salary in Deloitte?
The big 5 accounting firms were the largest accounting firms in the world until 2002. They were formed from the big eight accounting firms. They were formed from many smaller member firms and would later go on to create the big 4 firms. They ceased being the 8 biggest accounting firms in the world in 1989.
In 2022, Deloitte employed the largest number of people with approximately 412,000. Founded in London in 1845 and headquartered in New York today, Combined, the Big Four employed almost 1.5 million people worldwide in 2022.
These firms offer an amazing array of accounting and auditing services. The Big 4 firms offer significant employment and professional development opportunities to accounting professionals across many sectors, both domestically and internationally.
"Big 4" used to refer to accounting firms. Accenture used to be a part of the "Big 5" with Andersen, but they had to re-brand because of the Enron scandal. They no longer do accounting.
In the late 1990s, the Big 6 became the Big 5 when Price Waterhouse merged with Coopers and Lybrand to form PricewaterhouseCoopers (later stylised as PwC). Five became four in 2001 after the insolvency of Arthur Andersen due to the firm's involvement in the Enron scandal.
Working for Deloitte, PwC, EY or KPMG will allow you to get the foot in the door at almost any accounting firm or financial institution you want, if you decided to move on. Experience at a Big 4 is a seal of approval and will garner a high level of respect over the course of your career.
KPMG. The smallest of the Big 4, KPMG firms operate in 146 countries and territories across the globe. It offers audit, tax and advisory (consulting) services.
KPMG was number 16 in the 2021 rankings of most diverse companies. They are the only big 4 accounting firm listed in the rankings in the current year. This is most likely because PwC and EY are in the hall of fame for DiversityInc.
In addition, PwC offers an average of 8-10 designated national holidays, a firm-wide sabbatical program (4-16 weeks), leaves of absence, unlimited paid time off for firm-sponsored community service activities, and an unprescribed number of sick days.
Average PwC Director salary in India is ₹ 60.4 Lakhs for experience between 11 years to 22 years. Director salary at PwC India ranges between ₹ 35.0 Lakhs to ₹ 101.0 Lakhs. According to our estimates it is 66% more than the average Director Salary in Accounting & Auditing Companies.
The estimated total pay for a Partner at BDO is $330,422 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $178,665 per year.
What Are the Big Four? The "Big Four" is the nickname for the four largest accounting firms in the United States, as measured by revenue. They are Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG).
EY's acceptance rate is 3.5% in 2019. Harvard received 43,330 applications for the class of 2023 and admitted only 1,950, for a rate of 4.5%. But boasting that a public accounting firm is harder to get into than one of the, if not the, most prestigious higher education institutions in the world is just dumb.
If the salary you're offered is on the low end -- and the employer has stated that salary is not negotiable (perhaps due to corporate salary ranges or pay grade levels), you may consider negotiating for a signing bonus, higher performance bonuses, or a shorter time frame for a performance review and raise.
Sometimes, you may not need to negotiate. If you receive a terrific offer, one that is competitive within the market and meets your requirements, there may not be a basis – or a need – to negotiate. Don't feel you have to force it. Be sure to ask for the final offer in writing.
Big 4 firms operate in a highly competitive global marketplace, offering critical advisory, tax and audit services well-known public and private companies. Their employees need to be smart and work hard.
1. Chief Executive Officer (CEO) This post comes with a lucrative salary and high authority, with an overall employment rate supposed to show an average rise of 8% between 2020 and 2030. Approximately 247,100 openings for top executives are posted on job portals each year.
Some of the highest paying business jobs include the word chief at the beginning of the title and are the top executives at a company, such as Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Marketing Officer (CMO) — but these are by no means the only positions that can be lucrative.
Deloitte, the oldest of the big four, was founded in 1845 by William Welch Deloitte in London, England. PwC, originally known as Price Waterhouse, was founded in 1849 by Samuel Lowell Price and William Hopkins Holyland in London.
The "Big Four" refers to the four largest accounting firms in the U.S. The largest accounting firms used to comprise the "Big Eight" but mergers and closures have reduced the number of top tier companies. These four firms audit the financial statements for the vast majority of publicly held companies.
1 in Vault's prestige rankings. PwC edged out Ernst & Young, which ranked second, and Deloitte, which ranked third. KPMG ranked fourth. In fact, during the 10 years that Vault's been ranking accounting firms, these four firms, also known as the Big 4, have always taken the top four spots in our prestige rankings.
1. Deloitte India: Deloitte India is the first and most significant subsidiary of Deloitte Touche Tohmatsu ltd., a UK-based firm known as DTTL throughout the entire globe.
There is no higher limit specified by ICAI for the payment of stipend to articles. Accordingly, stipend in Big 4 firms ranges from INR 10,000 to INR 20,000 usually.
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