Business
Ex Big Four partners launch boutique India advisory firms
Livemint··1 Oct
Former Big Four partners are building mid tier advisory firms in India focused on IPO readiness and risk work, Mint reported. Uniqus Consultech co founder Jamil Khatri said the company has 800 employees and 80 partners, many from EY, KPMG, Deloitte and PwC. Transaction Square founder Girish Vanvari said his firm has 30 partners and 350 professionals.
Prism
What It Means For You
- Startups and private equity firms increasingly hire smaller specialists over legacy brands, executives said.
- Uniqus offers equity stakes that can remain invested when partners leave, Khatri said.
- Protiviti India said its SAP practice has nearly doubled as a growth area recently.
What's Happening
- Khatri led KPMG assurance before starting Uniqus in 2022.
- Vanvari was KPMG national tax leader before founding Transaction Square in 2018.
- Headhunters said senior partners often move teams after six month no poach periods.
Between Giants and Boutiques
- The Big Four together employ around 200,000 people in India, the report said.
- Consulting growth often runs near twice GDP expansion, Khatri told Mint.
- Clients now seek focused advice on restructuring, M&A and cyber security, executives said.
all-news
