PwC India looks to hire over 10,000 new employees in next five years: Report

PwC India is looking to hire over 10,000 new employees in the next five years as a part of its ‘New Equation’ initiative. The majority of them would be students from science, engineering, technology and mathematics background, as the auditing firm looks to step up the share of consulting business in the overall revenue mix. With a five fold jump in campus hiring lined up, the plan is to have at least 40% gender diversity, while earmarking a spend of around 1% of its annual revenues (estimated at Rs 50 crore) for upskilling employees and partners at present.

Focus on four key segments

The network of firms would focus on four main segments which includes ESG, deals, risk and regulatory, and transformation.

“We will invest Rs 1,600 crores to acquire and enhance our capabilities across our chosen focus areas, including for instance, our four go-to-market platforms which encompasses the most critical areas, our clients are dealing with- be it support with evaluating acquisitions, incorporating ESG metrics into their operational structure, navigating the regulatory environment or their overall transformation agendas,” Sanjeev Krishan, PwC India Chairman, told The Times of India.

He also added that they would be setting up a research institute.

Further, the PwC chairman also said that the removal of the retrospective tax provision from the law will boost investor confidence. “This is really a progressive step from the government and most importantly it removes policy uncertainty”. He adds.

PwC is also looking to enhance focus on entrepreneurial and private businesses, including unicorns and startups.