kpmg: Yezdi Nagporewalla to take over as India head of KPMG
KPMG is set to announce Nagporewalla’s elevation following a meeting on Friday late evening.
Jamil Khatri, Mritunjay Kapoor, Nitin Atroley, Vikram Hosangady and Anindya Basu also senior partners in KPMG were in the fray for the top job.
Like other professional services firms, KPMG India does not follow an election process for the top job, and it is a self-nominated one. The board, in last two months, interviewed and assessed each candidate and present one before its 400 partners for final ratification.
The new chief will take over at a time when the Big Four audit firms are trying to grow their non-audit advisory businesses and gunning for market share in technology-related services.
KPMG did not immediately respond to ET.
Before Kumar came on board KPMG had faced turbulence in its India practice mainly around the election process.
Kumar was tasked to stabilise the firm at a time when Indian consultancies are seeing huge growth spurt. Despite the Covid pandemic the big four firms— KPMG, PwC, EY and Deloitte— have managed to grow in double digits in last decade.