 "Deloitte India aims for explosive growth, targeting billion by 2030, fueled by remarkable advancements and a booming workforce.")
Deloitte India is aiming for significant growth, targeting $5 billion in revenue by 2030, up from the current Rs 10,000 crore. In the fiscal year 2023-24, the firm reported a 30 percent increase in revenue and contributed 10 percent to global revenue growth and 70 percent to the Asia Pacific region’s growth. South Asia CEO Romal Shetty stated that Deloitte aims to be the leading professional services firm, focusing on quality and innovation. The company also dramatically reduced its attrition rate from 29 percent to 13 percent in the past year, hiring over 25,000 employees, bringing its total workforce to 1.2 lakh.
Deloitte India is on an ambitious path to quadruple its revenue from its Indian operations, aiming to reach $5 billion (approximately Rs 40,000 crore) by 2030. This strategy was revealed by Romal Shetty, the South Asia CEO of Deloitte, who emphasized the company’s goal to be an “undisputed leader” in professional services.
For the fiscal year 2023-24 (June 2023 to May 2024), Deloitte’s revenue from India hit the impressive mark of Rs 10,000 crore, marking a 30 percent increase. Shetty highlighted that Deloitte India significantly contributed to the overall success of the company, accounting for 10 percent of the global revenue growth and a staggering 70 percent of the growth in the Asia Pacific region.
Globally, Deloitte’s total revenue grew by 3.6 percent, reaching $67.2 billion for the year ending May 31, 2024. Shetty expressed pride in leading the fastest-growing professional services firm in the country, with aims to reach Rs 20,000 crore by 2027.
Additionally, Deloitte India has seen a notable reduction in employee attrition rates, dropping from 29 percent to 13 percent, which is considerably lower than the average 20 percent attrition among the Big Four accounting firms. The company has expanded its workforce significantly, hiring over 25,000 employees last year, bringing its total employee count to about 1.2 lakh.
With these promising figures and a clear vision for the future, Deloitte India is set on a forward trajectory, determined to redefine success in the professional services sector through innovation and quality.
Tags: Deloitte, India, Professional Services, Business Growth, Revenue, Corporate Strategy
What is Deloitte’s revenue target for India by 2030?
Deloitte aims to make $5 billion in revenue from its Indian business by the year 2030.
Why is Deloitte focusing on India?
Deloitte sees India as a big Market with lots of opportunities for growth and development in various sectors.
How does Deloitte plan to achieve this revenue target?
Deloitte plans to expand its services, invest in new technologies, and strengthen its team in India to reach this revenue goal.
What sectors will Deloitte focus on in India?
Deloitte will focus on areas like technology, consulting, and digital services to drive growth in India.
When did Deloitte announce this revenue target?
Deloitte’s South Asia CEO announced this target recently, highlighting the company’s confidence in its Indian operations.
