The Dominance of Top Audit Firms in India's Corporate Landscape: Insights from Recent Data

Rashmi | Last updated: 12 June 2023

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India's corporate audit sector is heavily dominated by the 'Big 5' firms: EY, Deloitte, KPMG, PwC, and Walker Chandiok & Co. These firms audit a substantial portion of Nifty-500 companies and represent a significant percentage of the total market capitalisation of listed firms. Major companies prefer these auditors due to their strong reputations, and the firms, in turn, favour larger clients, especially in light of recent regulatory scrutiny.

The audit landscape in India is dominated by the top five professional services firms: EY, Deloitte, KPMG, PwC, and Walker Chandiok Co. These firms oversee a significant number of audit assignments for Nifty-500 companies, accounting for 310 out of 498 assignments as of March 31, 2023. When considering market capitalization, the companies audited by the Big Four firms represent 57% of the total market capitalization of all NSE-listed companies in 2022-23. Major listed companies prefer to eng

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About the Author

Rashmi

business

I am a Chartered Accountant with over 2 decades of experience in Auditing, Taxation, Accounting, Due diligence. I am currently a Managing Partner at RRL Global Services. I can be reached at rrlglobal @ yahoo.com or @ 9811757230

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