PwC US and PwC India have announced a new joint venture that will combine significant parts of their advisory operations in India, creating a more integrated platform serving clients across India, the United States and other international markets.
The transaction brings together PwC India’s Consulting business and PwC US Advisory’s India-based capabilities. Rather than simply expanding delivery capacity, PwC says the structure is intended to connect client relationships, industry expertise and delivery capabilities within one platform.
What Is Being Combined?
The joint venture will bring together:
- PwC India’s Consulting business
- PwC US Advisory’s India-based capabilities
- Strategy and transformation capabilities
- Technology and engineering expertise
- AI capabilities
- Managed services
According to PwC, the combined platform will cover a broad spectrum of advisory services, from strategy and transformation through technology, engineering and AI.
The structure is also expected to expand PwC’s managed services capabilities, including its ability not only to advise clients but also to operate critical elements of their businesses.
India Becomes More Central to PwC’s Global Advisory Model
The transaction highlights the increasingly important role India plays within global professional services networks.
India has developed into a major market in its own right while also becoming one of the world’s most important locations for Global Capability Centers (GCCs), technology talent and international service delivery.
PwC specifically expects the joint venture to support US-headquartered companies operating GCCs in India more seamlessly.
It is also intended to strengthen the firm’s ability to serve clients operating across major global trade flows and provide a stronger platform for innovation as AI changes how professional services are delivered.
More Than an Offshore Delivery Model
One of the more significant aspects of the announcement is PwC’s positioning of the transaction beyond the traditional concept of offshore delivery.
The joint venture is designed to integrate market relationships, industry knowledge and delivery rather than treating India primarily as a location where work is performed for teams elsewhere.
PwC US Senior Partner and CEO Paul Griggs described the combination as an effort to stop treating “markets, capabilities, and delivery as separate pieces.”
The direction is significant for the broader professional services market. Global firms are increasingly integrating large delivery centers with consulting, technology and managed services capabilities rather than maintaining a clear separation between client-facing teams and offshore delivery operations.
FAQ
What have PwC US and PwC India announced?
PwC US and PwC India have announced a joint venture that will combine PwC India’s Consulting business with PwC US Advisory’s India-based capabilities into a more integrated platform serving clients in India, the United States and globally.
What is the purpose of the PwC US–India joint venture?
The joint venture is intended to connect client relationships, industry expertise and delivery capabilities across the two markets. PwC says the objective is to give clients more seamless access to capabilities regardless of where those capabilities are located.
What services will the joint venture provide?
The combined platform is expected to provide capabilities spanning strategy, business transformation, technology, engineering, AI and managed services.
Who will lead the new joint venture?
Sanjeev Krishan, Chairperson of PwC India, will become CEO of the joint venture.
Who will own the joint venture?
The new business will be jointly owned and governed by PwC US and PwC India.
When is the transaction expected to close?
PwC expects the transaction to close during the first half of calendar year 2027, subject to regulatory approvals and other customary closing conditions.
Have the financial terms been disclosed?
No. PwC has not disclosed the financial terms of the transaction.
Why is India important to PwC’s strategy?
PwC identifies India as both a significant and rapidly growing market and an important global center for talent, technology and innovation. India has also become a major location for Global Capability Centers (GCCs) operated by multinational companies.
What does the joint venture mean for Global Capability Centers?
PwC expects the structure to make it easier to support multinational companies operating GCCs in India by integrating local expertise with US and global advisory capabilities.
Is this a merger between PwC US and PwC India?
No. The announcement concerns a joint venture involving specified consulting and advisory capabilities. It is not a merger of PwC US and PwC India as firms.
Does the transaction include PwC’s audit business?
The announcement specifically refers to PwC India’s Consulting business and PwC US Advisory’s India-based capabilities. It does not state that PwC’s audit businesses are part of the joint venture.
Why is the transaction significant for the professional services industry?
The transaction reflects a broader shift away from treating India primarily as an offshore delivery location. Large professional services firms are increasingly integrating Indian talent, technology, consulting and managed services capabilities directly into their global client-service models.