Consulting is a rapidly growing industry in the country with India consulting market accounting for a market size of approximately USD 150 – 180 billion and a CAGR of 15-20%. They are on the increase and this is due to the increasing need for professional advice in various sectors including information technology, finance, and strategic and operational management.
The sector is made up of over 47,000 firms, including large international consulting firms and small local players providing a wide range of advice to organizations to manage operations, risks, and challenges in today’s volatile business environment. They are involved in providing consulting services in a wide range of areas that include strategic planning, digital change, operational and institutional risk management, and human capital development among others; and are critical in shaping up the India growth story and enhancing the country’s competitiveness globally.
India’s leading consulting firms cover most industries, including international leaders and emerging powerful Indian firms. While Indian companies struggle to remain relevant in the fast-changing global marketplace, these consulting companies advise and assist them in staying ahead. In this article, we will get into the top Consulting Companies in India that define the dynamics of the business in India and the services they offer.
List of Top 10 Consulting Companies in India
1. McKinsey & Company India LLP
McKinsey & Company India LLP is a world consulting organization that provides implementable strategies and strategic recommendations to various business enterprises, governments, and other social organizations in India. McKinsey was established in 2013 focusing on strategy, operations, organization, and digital change. Famous for its fact-based working method, McKinsey works with clients in the banking and finance, health care, telecommunication, and consumer goods industries to manage difficult issues.
As a McKinsey consultant for many years, I know that the firm’s global presence combined with deep local knowledge ensures that McKinsey India delivers big-impact transformations leading clients to sustainable, long-term success in today’s more competitive business environment.
Services:
- Strategy & Operations
- Organizational Transformation
- Digital Transformation
- Sustainability
Website: www.mckinsey.com
Email: mediarelations_india@mckinsey.com
Phone number: +91-80-66744000
Key Sectors: Banking, healthcare, telecom, consumer goods.
2. The Boston Consulting Group (BCG) India Private Limited
BCG India started in 1995 and has expanded to a strong force equipped with knowledge in strategy, operations, and the digital world. BCG India is famous for its innovative thinking and it provides unique solutions for top business organizations, private equity firms, and government organizations.
The firm’s solutions include advisory, operational, and transformational solutions including strategic management, performance enhancement, and organizational change across core industries including the consumer goods, healthcare, IT, and industrial industries. BCG’s focus on tangible performance together with its outpost in nearly every world region makes it a valuable consultant for its clients, who face multifaceted business problems and whose goals BCG helps to turn into tangible outcomes.
Services:
- Strategy Development
- Operations & Technology
- Digital Transformation
- Private Equity & M&A Consulting
Website: www.bcg.com
Email: bcgindiafinance@bcg.com
Phone number: +91-22-67497000
Key Sectors: Consumer goods, healthcare, IT, industrials.
3. Bain & Company India Private Limited
Bain & Company India was established in the year 1973 and it deals with consulting with a specialization in strategic management where it offers its services to companies domestically as well as internationally. Bain India specializes in strategy, operations, mergers and acquisitions, and private equity advisory with a focus on a range of industries including technology, consumer products and services, healthcare, and others.
Bain, which is famous for its pragmatical and result-providing methodology, assists clients in gaining the necessary growth and change for the better through the application of an effectiveness approach, based on customer-oriented innovations. The rich industry experience of Bain and its strong focus on delivering tangible results has established the company as an ideal consulting solutions provider for companies desirous of effecting a sustainable transformation in their organizations in India.
Services:
- Strategy Consultingto client needs
- Organizational Consulting
- Operations Optimization
- Private Equity & M&A
Website: www.bain.com
Email: webmaster@bain.com
Phone number: +91-22-66289 600
Key Sectors: Technology, consumer goods, healthcare.
4. Deloitte Consulting India Private Limited
Deloitte Consulting India was set up in 1995 and is considered one of the rapidly growing management consulting firms focused on data analysis and solutions. Deloitte Touche Tohmatsu Limited is a multinational organization of professional services that operates in India and provides consulting services such as strategy, Human Resources, Risk, and Financial.
Operating in technology, financial, consumer products, and other sectors, Deloitte helps companies improve efficiency, address risks, and implement digital change. Operating with dedication to client satisfaction, Deloitte applies international experience enriched by local knowledge, which makes it one of the leading consulting firms in India and helps clients achieve sustainable development.
Services:
- Strategy & Operations Consulting
- Human Capital Consulting
- Risk Advisory
- Financial Advisory
Website: www.deloitte.com
Email: dcipl@deloitte.com
Phone number: +91-22-6185 4000
Key Sectors: Technology, financial services, consumer goods.
5. Accenture India Private Limited
Acccenture India was established in 2000 and is a popular consulting firm that delivers digital business and numerous solutions. Accenture is a global business that provides services in four areas: field, including strategy, consulting, technology, operation, and with the help of such technological tools as artificial intelligence, cybersecurity, cloud.
A large number of organisations across such sectors as banking and financial services, healthcare, media and communications select Accenture India, and it serves large market leaders and start-up innovative organisations. Accenture India is used to offering only the top quality and performance solution with the help of its large pool of network and strategic business of sustainability and operation.
Services:
- Strategy & Consulting
- Technology & Operations
- Cybersecurity and AI
- Sustainability Solutions
Website: www.accenture.com
Email: accenture.direct@accenture.com
Phone number: +91-22-40443934
Key Sectors: Banking, financial services, communications, media, healthcare.
6. Ernst & Young (EY) India Private Limited
Ernst & Young (EY) India was established in the year 1989 and is one of the leading consulting firms providing assurance, taxation, strategic, transaction, and technological solutions. EY India caters to many different types of clients including large business houses to governmental organizations in industries such as financial services, technology, energy, and public administration.
EY’s services entail risk consulting, tax, digital, and strategy consulting. EY India is recognized for offering clients worldwide solutions that meet its values and offer them a better way to overcome complex issues and improve performance in a constantly changing environment.
Services:
- Assurance & Tax Services
- Strategy & Transactions
- Risk Management
- Digital Transformation Consulting
Website: www.ey.com
Email: sunayana.tewari@in.ey.com
Phone number: + 91-22-6192 0000
Key Sectors: Financial services, energy, technology, government.
7. KPMG India Private Limited
KPMG India is the company incorporated in 1993 in India which serves its clients in various fields and offering services like tax, audit, advisory, and risk consulting services. Because of an additional MSO to look after the regulatory issue, KPMG India services spread over various sectors of infrastructure, technology, and its allied financial services. In this case, KPMG services are captured under tax, audit, risk and compliance and their overall goal of making clients remain compliant while enhancing the performance of their operations.
As the largest practice globally, KPMG has effectively established credibility with clients in India and provides immediate response to our clients on issues arising out of compliance related regulatory compliance, complex organizational problems, and performance enhancement.
Services:
- Audit & Assurance
- Tax Consulting
- Advisory Services
- Risk Consulting
Website: www.kpmg.com
Email: harshgoyal@kpmg.com
Phone number: + 91-22-61349200
Key Sectors: Infrastructure, technology, financial services.
8. PricewaterhouseCoopers (PwC) India Private Limited
With its origin in 1983, PricewaterhouseCoopers otherwise known as PwC is one of the leading consulting firms in the country specializing in audit, tax, consulting, and Digital services. PwC India provides services in compliance, risk, operation, digital, and strategy in the fields of financial services and products, technology, health care and packaging industries, and other such sectors.
Having rich local knowledge and understanding of the current market, PwC uses its extensive experience and knowledge to offer clients only high-quality and effective services, which can help companies grow and transform in the context of India’s tough business climate.
Services:
- Audit & Assurance
- Risk & Compliance
- Digital Transformation Consulting
- Strategy & Operations Consulting
Website: www.pwc.com
Email: anand.srivastava@pwc.com
Phone number: +91-7715974195
Key Sectors: Financial services, technology, consumer goods, healthcare.
9. A.T. Kearney Consulting India Private Limited
A.T. Kearney: A global management consultant, originally begun in 1926, operating in India where it offers strategic as well as operational advisory to diverse firms working along the value chain. As an operations and growth strategy consultancy, A.T. Kearney has a strategic focus in terms of strategy, digital, customer and operations areas.
Practicing teamwork and market understanding across a range of automotive, consumer goods, and healthcare industries, Kearney has been a prominent one. A.T. Kearney’s approach for India was the effect of local expertise combined with a global firm that provided real value and operation gains for clients.
Services:
- Strategy Consulting
- Operations Consulting
- Digital Transformation
- Customer Experience Consulting
Website: www.kearney.com
Email: shikha.gupta@kearney.com
Phone number: +91-22-40970700
Key Sectors: Automotive, consumer goods, healthcare.
10. Tata Consultancy Services (TCS) Limited
Tata Consultancy Services – TCS is the first Information Technology (IT) business of the Tata Group which was established in 1968. TCS has information technology and business solution delivering service and is focused on IT strategy, digital transformation and enterprise services in sectors such as banking, telecom and manufacturing.
TCS uses the latest solution tools and technology with the assistance of teams from all around the world, providing its clients with digital stability and business success. TCS’s focus on sustainable growth and clients ‘success has established the firm as a premier consulting ally that enables business organizations to overcome digital transformation initiatives’ barriers in India and other parts of the world.
Services:
- IT Consulting & Services
- Strategic Consulting
- Enterprise Services
- Digital Solutions
Website: www.tcs.com
Email: saxena.kritika@tcs.com
Phone number: +91-22- 6778 9999
Key Sectors: Banking, manufacturing, telecom.
Comparison Table of the Top Consulting Companies in India
| Firm | Year Established (India) | Primary Services | Key Sectors | Specialty |
| McKinsey & Company | 2013 | Strategy, Operations, Digital, Sustainability | Banking, Healthcare, Telecom | Data-driven strategic insights |
| BCG | 1995 | Strategy, Operations, Digital Transformation | Consumer Goods, Healthcare | Innovative, impact-driven strategies |
| Bain & Company | 1973 | Strategy, Operations, M&A, Private Equity | Technology, Consumer Goods | Results-oriented consulting |
| Deloitte Consulting | 1995 | Strategy, Human Capital, Risk Advisory | Technology, Financial Services | Data-driven solutions |
| Accenture | 2000 | Strategy, Technology, Cybersecurity, Sustainability | Banking, Healthcare, Media | Digital transformation expertise |
| Ernst & Young (EY) | 1989 | Tax, Risk Management, Digital Transformation | Financial Services, Technology | Local expertise, global reach |
| KPMG | 1993 | Tax, Audit, Advisory, Risk Consulting | Infrastructure, Financial Services | Regulatory expertise |
| PwC | 1983 | Audit, Compliance, Digital, Strategy | Financial Services, Healthcare | Market insights, reliable auditing |
| A.T. Kearney | 1926 | Strategy, Operations, Customer Experience | Automotive, Consumer Goods | Long-standing strategic insight |
| TCS | 1968 | IT, Strategic Consulting, Digital | Banking, Telecom, Manufacturing | IT and digital solutions |
Conclusion
These firms provide significant value for money as management consultants and business strategists, operations managers, digital business transformation specialists, and holders of sundry responsibilities to organizations in India. It lets them provide their clients with ‘solutions based on data, which help companies overcome challenges, enhance outcomes, and achieve sustainability.
Given to the fact that this is a technological innovation period where there is a shift towards the economy, these firms are helpful in ensuring that firms have competition in local and global environments. As the consulting industry remains largely on an upward trend in India, consulting firms will remain very instrumental for any organization that desires to change, innovate and succeed in a world that seems to be increasingly becoming unpredictable.
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FAQs
1. What services does consulting firms offer in India?
Consulting organisations of India offer consultancy services in business fields like strategy, operations, digital operations, risks, taxes and audits, and sustainability.
2. Who is the best consulting firm to undertake digitization?
Indeed, both Accenture and Deloitte have received massive positive attention for digital transformation services that provide unparalleled solutions in the cloud, Artificial intelligence, as well as cybersecurity.
3. Consulting firm does help in business transformation in the following ways:
Consulting firms analyze the current business model of the firm and the proposals and recommendations on the usage of new technologies for further development of the companies and their enhancement of effectiveness and competitiveness.
4. How competitive are the Indian consulting companies internationally?
Yes, TCS and other offshore companies like Indian branches of international organizations such as McKinsey, and Deloitte are very competitive globally and have clients all over the world.
5. What considerations should businesses have when selecting the consulting firm they wish to hire?
It is on this basis that businesses ought to check the consulting firm’s specialization, service line, reputation, and experience in certain industries.
