'Our strategy is based on market leadership'
Jim Quigley, CEO of Deloitte Touche Tohmatsu, one of the global Big Four
accounting firms, spoke to BT's Suman Layak during his recent India
sojourn. Edited Excerpts:
Jim Quigley, CEO of Deloitte Touche Tohmatsu, one of the global Big Four accounting firms, spoke to BT's Suman Layak during his recent India sojourn. Edited Excerpts:
On its consulting business
Sometime in 2003, all the Big Four had considered separating the consulting business. Deloitte chose not to separate it. Today Deloitte is a 170,000-strong organisation and often we are ranked at the top, though Accenture beats us in the technology space. In terms of scale, today we are the largest among the Big Four accounting and audit firms.
On the company's blueprint for growth
Our strategy is based on market leadership. We want to be either No. 1 or 2 in any market we operate in. There will be focused investments, and we will always try to get the benefits of scale. We want to build a borderless organisation.
On the India game plan
India is very important for our future growth. It is one of our fastest-growing markets. Today we have 15,000 people and we will go up to 18,000 within a year. If you want to be the undisputed leader you have to be willing to grow organically. But it will be about acquiring capabilities.
On the emerging verticals in India
Between 2009 and 2013, we have committed investments of $100 million in India. Infrastructure is a key sector - there is a huge services market associated with infrastructure, and as India builds its infrastructure there will be opportunities. India also has the opportunity to power its way in the manufacturing space. Then there is health care, life sciences and media.
On its consulting business
Sometime in 2003, all the Big Four had considered separating the consulting business. Deloitte chose not to separate it. Today Deloitte is a 170,000-strong organisation and often we are ranked at the top, though Accenture beats us in the technology space. In terms of scale, today we are the largest among the Big Four accounting and audit firms.
On the company's blueprint for growth
Our strategy is based on market leadership. We want to be either No. 1 or 2 in any market we operate in. There will be focused investments, and we will always try to get the benefits of scale. We want to build a borderless organisation.
On the India game plan
India is very important for our future growth. It is one of our fastest-growing markets. Today we have 15,000 people and we will go up to 18,000 within a year. If you want to be the undisputed leader you have to be willing to grow organically. But it will be about acquiring capabilities.
On the emerging verticals in India
Between 2009 and 2013, we have committed investments of $100 million in India. Infrastructure is a key sector - there is a huge services market associated with infrastructure, and as India builds its infrastructure there will be opportunities. India also has the opportunity to power its way in the manufacturing space. Then there is health care, life sciences and media.
