
Finshots
June 13, 2025 at 06:07 AM
India has over 1,00,000 practising Chartered Accountant firms. So why haven’t we built our own version of the Big 4 yet?
Deloitte, EY, KPMG and PwC — the Big 4, are household names in the corporate world. And in India, their dominance is just as clear. Together with a couple of others, they handle nearly 70% of audits for Nifty-500 companies. But here’s the strange part is despite having over a lakh practising CA firms, India hasn’t built a homegrown equivalent.
Most Indian firms stay small, family-run, and hyper-local.
Expansion? National presence? Global ambition? Rarely on the radar.
And it's not just about mindset. Legacy restrictions from the CA Act, outdated marketing rules, tech gaps, and branding limitations have all played a part in holding them back.
Now, the government wants to change that. New networking rules, a push for collaboration, and even a nudge from the PMO are back on the table. So, can we really build a homegrown accounting powerhouse?
We explore the full story here: https://tinyurl.com/Indias-Own-Big4
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