Deloitte, a global professional services firm, has a robust presence in India with a workforce of around 120,000 employees, constituting nearly 25 percent of its global workforce. CEO Romal Shetty shared plans to expand the team by hiring 40,000-50,000 new employees in the next four to five years.
In an interview with Business Today TV, Shetty expressed excitement about the growth prospects in India, highlighting the country’s significance for Deloitte’s expansion. He emphasized a notable shift in Deloitte’s strategy, moving from being solely an implementation hub to a catalyst for global innovation.
Shetty underscored key focus areas for the company’s continued growth, particularly in Artificial Intelligence (AI) and Cloud Technologies. He acknowledged India’s pivotal role in driving innovation, with a substantial amount of transformation originating from the country.
Deloitte India is performing well across various business segments, including audit, tax, risk advisory, financial advisory, and consulting. Shetty identified AI as a crucial driver for future growth, emphasizing its integration into diverse business functions. Additionally, he highlighted the increasing trend of companies adopting cloud technologies not only for cost savings but also for fundamental changes in their business models.
Recognizing the India Stack initiative as a world-class endeavor, Shetty sees it as a powerful tool for Deloitte to assist clients in reshaping their business models, collaborating not only with the private sector but also with the government.
Addressing the escalating cyber risks in digitized environments, Shetty emphasized Deloitte’s commitment to tackling these challenges actively. The company is strategically involved in high-tech sectors such as semiconductors and space, aligning with its focus on future-proof growth.
Deloitte is exploring opportunities in agricultural technology (agri-tech) to enhance productivity and accessibility for farmers. Additionally, the firm is engaged in initiatives supporting artisans, aiming to broaden their reach and promote their work. Shetty’s insights reflect Deloitte’s commitment to embracing technological advancements and contributing to India’s growth across various sectors.
