Synopsis
Big Six audit firms like Deloitte, PwC, and EY handle most audits for top Indian companies. EY leads with the most mandates. Grant Thornton and BDO are gaining ground. PwC is becoming more selective. Many auditor tenures are expiring soon. A major reshuffle in India’s audit landscape is expected. The next two years will be very active for audit firms.
Affiliates of the Big Six professional services firms—Deloitte, PwC, EY, KPMG, Grant Thornton, and BDO—handled 326 of the 483 Nifty-500 company audits as of March 31, accounting for more than two-thirds of all mandates and reinforcing their dominant hold on India’s largest listed companies, showed the latest data from a research company on the capital markets.